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Attachments: Nb 1.0 trend trade system
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Nb 1.0 trend trade system

Quoting sidhujag
Hi Duffy,

What are you using to test? Seems pretty cool.

The system gives you some good entries when the trend changes and comes to test the TMA lines the first time... there you can get VERY good R:R... I'm talking about single digits pips.

This would be a good test... you would get far less trades... a lower win % but probably a much higher expectancy. Look at the chart and see if you can spot what I'm talking about?

Jag
For gathering the data, I'm simply scrolling through the MT4 chart and measuring the trades with the cursor. Then I enter the raw data into a spreadsheet, and apply a few simple formulas. It's nothing special, and it's very easy to do on a well defined system like this.

I like doing this with a new system, both to get some idea of the possible results, to see if there's anything that I can observe that is not already in the system, and just to get a feel for how price and the indicators interact.

I will take a look at what you are suggesting about trades as the TMA crosses the 240.
Quoting eTrader
NB 1.0 TREND Short Trade EURJPY H1 Date 04/01/2011

Target Profit 1: Centerline TMA(56)
Profit: +60 Pips
Target Profit 2: TMA Lower Band (SpringGreen dots), D_Pivot 108.74
Profit: + 95 Pips

eTrader,

Since you like spamming threads that you don't think are "worthy" and deem appropriate to spamming to download an indicator from some site... you mind sharing that with everyone here on the thread you posted on?

Please go to the thread you spammed on and upload the forex rainbow indicator.. I'm sure you will be applauded to those on that thread.

Thanks,
Jag
Quoting boomslang
good job steve Did u use Bob's ea to open these trades? (looks like that) How do u deal with the fake signals? i mean sometimes the price--candlestick simple kisses the 5MA but dosen't cross it, and then bound back---like au, nu behave today.

thanks~
I did indeed use Bob's ea's. Looking at the code, I don't think they are supposed to trigger trades without a 5MA cross.

This is how my auto-trader will work.

Hey bob,

I'm wondering if there's a case for maybe closing non-moving / small loss trades early, i.e within 1-4 hours ala NB6.xx style

Just a though I might have a play :-)
Quoting morgb74
Hey bob,

I'm wondering if there's a case for maybe closing non-moving / small loss trades early, i.e within 1-4 hours ala NB6.xx style

Just a though I might have a play :-)
That might be good strategy if the blue TMA is moving back up towards the 240 but not when it is angling down. One of the reasons I moved it out shift 5 was to get less of that. In reality I havent traded this enough to answer that question fully yet.
Quoting duffypratt
For gathering the data, I'm simply scrolling through the MT4 chart and measuring the trades with the cursor....
Cool... I agree... the hardest part for some is the most fun for others (getting used to a system)...

Once you become a pro at anything (any type of work) you have the edge and that's all it takes along with patience.

I think its the greed and unpatience in us humans that makes us forget an idea after a few losses and jump to the next diamond in the rough.

With some good tests we can see that the system gives you a good expectancy... and will help you learn when the times get rough.. those rules you can apply to your trading. Each one of us has our own system even following the same rules.
Quoting duffypratt
I checked this on the same EURUSD since May 2009....
WOW that is a real eye opener. Cut your losses short and let the winners run. Interesting info. Good job.
Quoting wobstix
Just something I noticed. Please accept my appologies and correct me if I am wrong.
The 5X5 Sell and Buy Experts, If I change the Lots from the default 0.01, still trades at 0.01 Lots.
Upon further investigation I found that the Lots are not used in the order sending.
lotsize is used.
I edited it in my copy and it seems to works now.
I noticed this also. Didn't take any trades on a 0.1 ECN broker, even when changed the lot in the EA's to 0.1 and compiled it.
So I looked at the code in both EA's and in the beginning you have
Quote
extern double Lot=0.01;
but in the rest of the EA you use Lotsize (except somewhere at the end)
So I changed all of them into "Lotsize" and it seems to solve the problem of not opening any trades.

And of course a big thank you for working out and sharing your system!
Attached File(s)
File Type: mq4 1.0 5x5 buy.mq4   7 KB | 438 downloads
File Type: mq4 1.0 5x5 SELL.mq4   7 KB | 410 downloads
Bob Ive missed a couple trades this week already because the H1 moves so fast and Ive been occupied. Can I ask why you designed the system for H1 instead of H4 like the last one? I remember you mentioned that you work full time... can you give an example of how your trading day goes with this system? I find I'm checking quite often for signals and when to turn the EA's on.
Quoting duffypratt
I checked this on the same EURUSD since May 2009...
Hi Duffy,

Newbie question here.
I assume that you need to have a profit target to be able to calculate the expectancy of the system. Did you use a fixed pip target or something different like ATR, trailing stop, etc...?

Thank you for your input!
Quoting trader-f1
Hi Duffy,

Newbie question here.
I assume that you need to have a profit target to be able to calculate the expectancy of the system. Did you use a fixed pip target or something different like ATR, trailing stop, etc...?

Thank you for your input!
For the testing, the target was the opposite TMA band. A test trade closes either when that band gets hit, or when stop loss is hit. No breakeven, no other trade management. If I can keep the rules simple, I can test very fast.

I'm not suggesting that that is the best place for take profit. Figuring out how to exit is the hardest part for me. Human nature almost compels people to take profit quickly, and then to hope for a rebound when price moves against them. Both instincts are deadly for a trader.

The best traders are able to let their winners run and cut off their losers very quickly. I'm trying to learn how to do that, and it sounds much easier that it is.
Quoting stevegee58
I don't know how to make it a separate window. If anyone wants to make cosmetic changes, have at it.

The dashboard has to be added as an indicator to a chart dedicated to it. I use EURUSD but it doesn't really matter. Also the timeframe doesn't matter.

To make the information more visible, I change the chart to line type and set the line color to "none". I also turn off the grid.

I've also attached version 1.1 of the dashboard. It filters out pairs that have already triggered so it only shows pairs that are truly ripe for entry.

Thanks so much stevegee58
I'm not a programmer and i don't like ! , but only I try to catch my view !
Quoting nanningbob
The most simple answer I can give is it is a super smoothed median using several different indicators, Like the ATR, to make a smooth line on the screen. Then like bollinger bands it draws a top ......
Hi Bob et al,

After reading the TMA code I feel I need to confirm and correct you. The TMA is a double smoothed moving average. Technically, it is called Triangular Moving Average which can use other indicators to smooth the SMA's.

In this case only price and MA's are used to calculate the TMA middle line. The ATR is only used to to create the outer bands. The outer bands are [ATR(ATRPeriod) x ATRMultiplier] from the middle line. You should notice that the outer bands increase in distance from the middle bands in times of higher volitility and visa versa.

I don't really want to get hung up on this as it works for you, but considering the sensitivity around the TMA in your thread, I thought I'd help defuse it a bit.

Regards,

JC
Quoting stevegee58
I don't know how to make it a separate window. If anyone wants to make cosmetic changes, have at it.

.
Dashboard seems to work well. Go in and take out the 'm' at the end of the pairs, then compile for it to work with most brokers
Quoting dryclean
Dashboard seems to work well. Go in and take out the 'm' at the end of the pairs, then compile for it to work with most brokers
Thanks for the feedback. Funny you mentioned the "m" since I just fixed that too. Version 1.2 is attached. I *think* it will work with other brokers now.
Attached File(s)
File Type: mq4 NB Dashboard 1.2.mq4   7 KB | 808 downloads
You are in a maze of twisty little passages, all alike.
Had pretty good luck last night made about 80 pips with only 4 pairs running. They all had a 75 pip stop loss and then the MPTM 15 + 3 managing all the pairs. Not bad for the first run at it. I need to set up the take profit templates today to see how it works with those on and see what happens.

Really like this system so far looks like it will be a winner.
Just a small note. I have the EA on various pairs on IBFX and testing it on both live and demo accounts. On the AUD/USD, the buy was taken by the Demo EA but not the live EA. This proves that Demo and live trades will never match because even on the same broker, the EA activated on on the Demo, but not on the live account. The EA works on the live account because it did activate a buy about 15 minutes at a different entry price. Had the price kept going down, the live EA wouldn't have made the trade at all. The best anyone can do in testing a system either visually or on a demo account is to estimate what the result might be. Viusal and demo EA testing tend to give optimal results. I know that brokers also take out stops on live accounts that they don't on demo accounts.
Quoting paradoxical
Just a small note. I have the EA on various pairs on IBFX and testing it on both live and demo accounts. On the AUD/USD, the buy was taken by the Demo EA but not the live EA. This proves that Demo and live trades will never match because even on the same broker, the EA activated on on the Demo, but not on the live account. The EA works on the live account because it did activate a buy about 15 minutes at a different entry price. Had the price kept going down, the live EA wouldn't have made the trade at all. The best anyone can do in testing a system...
That is why I like penny brokers. I trade one or two pennies during testing time live so I get a good idea what reality is. My testing over 4 weeks of crossing the 5x5 MA without the TMA was about 65% not good enough for counter trend trading because the losses were bigger than the gainers but in a trend trading system where your profit runs should be bigger than your losing runs it should do well. The key then became defining a trend and the pullbacks. Hopefully I have done that.
For some reason the top left of my charts on the buy and sell screens say robot suspended is this an issue?
Quoting Flava
Bob Ive missed a couple trades this week already because the H1 moves so fast and Ive been occupied. Can I ask why you designed the system for H1 instead of H4 like the last one? I remember you mentioned that you work full time... can you give an example of how your trading day goes with this system? I find I'm checking quite often for signals and when to turn the EA's on.
It seemed to give the most trades so you would have some everyday. I will look at the 4H and see if I can adjust it some. I thought of an idea of using BB instead of the TMA there and using dev. 1 this way you turn on the ea in some retracement or pullback area. I have gotten several peeker trades and sometimes I wonder if there is intelligent software that picks up what MA your using and drops price right to that mark. But I doubt it. THe odds are its going to happen.

I have 3 breaks during the day that allow me to look at trades, before the jpy session, before the euro session and just before the usa session. So that is an ideal schedule. Possibly when it is perfected the dashboard will help and a more definite TP will help. I am thinking of an MPTM for slow pairs and one for volatile pairs but only testing will do that. I have to get a feel for trading with the trend after years of countertrend trading. That will be an adjustment for me. I expect some of these experienced trend traders will do better with this than I will.
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