Nb 1.0 trend trade system | Page 18 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Are you a trend trader or a counter-trend trader? 29 replies

What does it mean to trade with the trend - Define trend? 47 replies

Trading System - Trade with the Trend 5 replies

Multis-trend trade EA for scalp on short trend 27 replies

Would you trade this system? New system #2. 10 replies

Attachments: Nb 1.0 trend trade system
Exit Attachments

Nb 1.0 trend trade system

  • #341
  • Jan 5, 2011 1:10am Jan 5, 2011 1:10am
Hi Folks,

great system, I am really enjoying playing with on my demo.

What I am confused about is the "no trade" rules, or even if there are any. I have seen a few posts on here that suggest that there are but I cannot fathom them.

Please could someone bullet the "no trade" rules for me or point me to where they are? I am not being lazy, I have read this thread and the downloads several times and cannot discover these for myself.

Many thanks
  • #342
  • Jan 5, 2011 1:18am Jan 5, 2011 1:18am
Quoting boomslang
short gu has reached the tp---50pips
Good for you! I guess I need to jump in and test the waters!

BC2
  • #343
  • Jan 5, 2011 2:09am Jan 5, 2011 2:09am
Quoting MephistoII
Hi nanningbob,

I'll spare you and the others the details of my varied and sordid attempts to conquer this beast we call trading. Imagine my surprise when, with the single click on a link, that I would become privy to such a simplistic, yet eloquent approach for trading w/ the trend. I have studied all of your component parts over the years, but apparently always lacked the logical reasoning powers on how to assemble. So please accept my heartiest thank you for this most generous offering to the trading community! I'm pleased to report 4/4 winners...
OK One thing about price action and the big moves is they will happen most of the time during the euro/usa session. So when you see price stagnate it will be during the time from the middle end of the USA session to the beginning of the Euro session. Now on your chart that will be 4-6 bars before the daily break (the dotted line running vertical on your screen every 24 hours) and 5-7 bars after. So the vast majority of your big moves will start almost halfway between the dotted vertical lines. So when I see price above or near the TMA lines and the MA 5 starting to cross to meet it, I know I have a good chance the 5MA will be there when price action will really begin. However, if price does not go in my direction at that time then there is enough distance between the two at that moment to keep an entrance from happening most of the time. So on the crosses they will happen most of the time during the Euro session retrace some before the USA session and then continue during the USA session to create a nice move for the day. You can confirm this analysis by looking at daily charts and seeing most candles are full bodied. Which means once direction gets going during a day it will keep going in that direction. The 5x5 was created to try to match all of that. Maybe with testing over time we may find a 5x6 or a 5x4 may work better but 5x5 seems to be the best way to catch the move during that time period. That is the thought behind the choice of using the 5x5 and how it is envisioned to work.
I wonder if I said this so people can understand it.
  • #344
  • Jan 5, 2011 2:36am Jan 5, 2011 2:36am
Quoting boomslang
short gu has reached the tp---50pips
Can you post a chart with your entry and tp please ..... I must be using different charts to everyone else !
  • #345
  • Jan 5, 2011 2:44am Jan 5, 2011 2:44am
short ej(re-entry) hits the tp--- +45pips
  • #346
  • Jan 5, 2011 2:48am Jan 5, 2011 2:48am
Quoting boomslang
short ej(re-entry) hits the tp--- +45pips
Hmmmm ..... dont see how you can be following the entry rules here
  • #347
  • Jan 5, 2011 3:03am Jan 5, 2011 3:03am
Hello guys, I found an useful way to eliminate the fake singals(price kissed 5 MA) by using TMA angle. Its provided by kumars4x in post #119. Thank you, Kumars!

I use 1.0 main screen tpl with TMA line, but set the TMA angle into "true".
In one side trading(only long above 240): dont long if the TMA angle is dark green.
In two side trading: go long when TMA angle is light green or dark red. Go short if the TMA angle is light red or dark green---- NOTICE: i didnt change the trend definition here, but take some retracement trading. So please tight your sl when trading against trend!

By using this indi, it may decrease ur profit sometime. However, it reduces the fake signals a lot--- its worthy for me.


Theres an example of AU today(coz i saw pete said he lost in this pair). Actually I've checked bunches of pairs beforing writing this post. Some of them r my losing trades today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: t5.png Size: 67 KB
Click to Enlarge Name: t5 - Copy.png Size: 63 KB
  • #348
  • Jan 5, 2011 3:15am Jan 5, 2011 3:15am
The first version of the auto-trader is available from
http://www.forexfactory.com/showthre...29#post4288129

Please ask questions about it in the thread dedicated to it, not here. All our best interests will be served by not confusing the two issues of manual and automated trading.

  • #349
  • Jan 5, 2011 3:28am Jan 5, 2011 3:28am
Quoting SteveHopwood
The first version of the auto-trader is available from
http://www.forexfactory.com/showthre...29#post4288129

Please ask questions about it in the thread dedicated to it, not here. All our best interests will be served by not confusing the two issues of manual and automated trading.


Thanks Bob and Steve for your work !

eTrader,
  • #350
  • Jan 5, 2011 3:40am Jan 5, 2011 3:40am
Quoting nanningbob
The 5x5 was created to try to match all of that. Maybe with testing over time we may find a 5x6 or a 5x4 may work better but 5x5 seems to be the best way to catch the move during that time period. That is the thought behind the choice of using the 5x5 and how it is envisioned to work.
Bob,

Gann Hilo activator also looks like it'll work here, see attached.
Attached Image (click to enlarge)
Click to Enlarge Name: gann.JPG Size: 89 KB
Aspice, officio fungeris sine spe honoris amplioris
  • #351
  • Jan 5, 2011 3:51am Jan 5, 2011 3:51am
Quoting jcs
Can you post a chart with your entry and tp please ..... I must be using different charts to everyone else !
Hey Jcs, when i opened these trades, I haven't found the use of TMA angle yet, otherwise I woundn't take them due to the risk. The reward ratio and safety r important to me.

Im stilling search the proper tp, so far my tp:middle line of TMA; second tp: bottom/up line of TMA. I'll estimate the expect return bf open a trade(by observing the wide of TMA). If the TMA is too narrow, i wont put my trigger coz i know there r plenty of chances coming soon.

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: t6.png Size: 73 KB
  • #352
  • Jan 5, 2011 4:00am Jan 5, 2011 4:00am
That GBPUSD entry a little easier to see with Gann.
Attached Image (click to enlarge)
Click to Enlarge Name: GannGU.JPG Size: 102 KB
Aspice, officio fungeris sine spe honoris amplioris
  • #353
  • Jan 5, 2011 6:10am Jan 5, 2011 6:10am
On all my "5x5 Buy " EA´s I have today "this robot has suspended". Restarting Metatrader or restarting the EA or switching of an on the EA does not help. Sell EA still working fine, but the buy EA immediately goes into suspended mode.

Anyone any idea?
  • #354
  • Jan 5, 2011 6:36am Jan 5, 2011 6:36am
Quoting Bambo0
On all my "5x5 Buy " EA´s I have today "this robot has suspended". Restarting Metatrader or restarting the EA or switching of an on the EA does not help. Sell EA still working fine, but the buy EA immediately goes into suspended mode.

Anyone any idea?
Once the bot places the trade it suspense itself all it does is place the order put the SL and TP to what you hvae set and that's it you can actually remove it from the chart at that point
http://www.forexfactory.com/showpost.php?p=4278942
read number 4 here what to do next
  • #355
  • Jan 5, 2011 6:38am Jan 5, 2011 6:38am
Thought I had this figuered out Mon night went 4-1 last night 1-4

ChJp Ucad AU hit sl actually EG still going but down

back to the drawing board LOL
  • #356
  • Jan 5, 2011 7:41am Jan 5, 2011 7:41am
tough first day on the demo.... got hosed by the GBP pairs. (Took all of them). Would never take that many on a real account though.....

NB, do you intend to take into account fundamental

Just a thought on exits, Im guessing most people are starting this on minimum size (myself included) so this may prove difficult, but it could be possible to see an increase in profits by taking off half the position at the middle TMA line, and then trailing stop the rest. A lot of trend follow systems make their money in those big one way (albeit rare) moves.

I think that capping losses with a hard stop is a big improvement over v5.3 in regards to risk management, but by uncapping potential profits, you have the potential to take performance one step further.
  • #357
  • Jan 5, 2011 8:57am Jan 5, 2011 8:57am
Got my butt handed to me overnight also.

2wins for +61pips
7 losses - 470pips

ouch!

Every time I took a trade from this method and then switched over and looked at my other 4hr method, I was continually trading against the 4hr trend on this method. Something to think about.
  • #358
  • Jan 5, 2011 9:03am Jan 5, 2011 9:03am
Looks like a Good Idea....!!


Quoting Knoxy
That GBPUSD entry a little easier to see with Gann.
  • #359
  • Jan 5, 2011 9:05am Jan 5, 2011 9:05am
Possibly another point to consider before each trade, in regards to Risk management.
NB touched on this in the manual, about not entering if the 5x5 MA is too far away then dont take the trade. You could take this a step further, before you enter each trade you can figure out roughly what your RR ratio would be and not taking trades below a certain ratio.

As I said, Im taking every possible trade on the demo to get a feeling for this, bit there were a couple of trades that had bigger losses than I would usually be comfortable with, and would have skipped these in a real trade.
  • #360
  • Jan 5, 2011 9:15am Jan 5, 2011 9:15am
Woke up to lots of losses this morning.

So I think with a little discretion, instead of following indicators blindly, we can filter a lot of bad entries.

I think a lot of these pairs are going into a major trend change, which seems pretty obvious on these charts with the TMA closing in on the 240. A good time to sit tight and get ready to trade in the new direction.

Also, from now on, I'll be watching the angle of the TMA to be sloping in the direction I want to trade before I turn the EA on.
"Be the change that you wish to see in the world." --Gandhi
1 trader viewing now