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Nb 1.0 trend trade system

  • #741
  • Jan 19, 2011 1:58pm Jan 19, 2011 1:58pm
I like this two setups with about 40 to 50 pips stop loss. I see room to move down to re-test the level. Using .01 (pennies) on each.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: audjpy 4h.gif Size: 45 KB
  • #742
  • Edited 4:15pm Jan 19, 2011 3:58pm | Edited 4:15pm
http://screencast.com/t/pjNW6BFJsPT


yesterday usdchf...shorting.


usdchf spikes alot I know as does usdcad as its very correlated with crude which of course spikes around like crazy!
Attached Image (click to enlarge)
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rat
  • #743
  • Jan 19, 2011 3:59pm Jan 19, 2011 3:59pm
http://screencast.com/t/50e7OQT1

http://screencast.com/t/kTApokp1w


http://screencast.com/t/l4tYJVCujC3g


usdcad my 240 is blue dashed 48 is yellow dashed tma is below and its spiked up quite viciously today and yesterdays session.

does anyone think this is a potential short.
rat
  • #744
  • Jan 19, 2011 4:00pm Jan 19, 2011 4:00pm
Quoting Javas
Lets take that example: 8 is above 60, price is above both lines, so WHEN to put on buy EA, is it to late already?

2. And HOW the EA enters the trade? ( on 1h TF enters when price crosses 5x5 line, how eneters on 4h TF?)

Thank you guys.
This is what demo accounts are for. Go to demo and put on the EA on a couple of charts, and look what it actually does.

I opened up the Buy EA, and here's what it says it does. For a buy, when the price is above the 60 and also above the 8, it enters a trade. I assume the opposite is true for a sell.

That means that if you put the buy EA on when the chart meets both conditions, it will enter the trade on the next tick. So I went to my demo to test out whether that's true. And yes, it is.

This means that, unless you want to enter the trade immediately, you should put on the EA when price is on the opposite side of at least one of the MAs.

Given the general theory of this approach, you do the following:

1) See where the trend is. If the 8 is above the 60, you look for longs. If the 8 is below the 60, you look for shorts.

2) Wait until price is between the 8 and the 60. Preferably, wait until it has moved between the two, and then is headed back toward the 8. (The reason for this preference is because it gives you a swing high/low for placing your stop loss.)

3) Put on the appropriate EA (buy in uptrend, sell in downtrend). It will enter when price crosses the 8 in the direction of the trend.

Places for stop loss: previous swing high low, the 60, arbitrary, other support or resistance.

Take profit: I don't know. Have not studied it yet. I suppose you could drop to the H1 after entry and use the TMA bands. Or use Steve's robot for managing the trade.

Hope this helps.
  • #745
  • Jan 19, 2011 4:11pm Jan 19, 2011 4:11pm
Here looks a trade on the 1 hr . GBPUSD its crossing the moving average 5 again but.........http://screencast.com/t/zahOijSz

switch over to the 4hr and its very over bought the mac and stochs are saying possible reversal is coming sometime soon..

http://screencast.com/t/av3g6y01g

I'd like to take the long but its the overbought situation thats off putting now.


what do you think NannigB of EURUSD and cable.
rat
  • #746
  • Jan 19, 2011 4:16pm Jan 19, 2011 4:16pm
Definitely a nice set up...just waiting for price to cross the 5x5 and then Im looking for my entry

Quoting rattyo
http://screencast.com/t/50e7OQT1

http://screencast.com/t/kTApokp1w


http://screencast.com/t/l4tYJVCujC3g


usdcad my 240 is blue dashed 48 is yellow dashed tma is below and its spiked up quite viciously today and yesterdays session.

does anyone think this is a potential short.
  • #747
  • Jan 19, 2011 4:19pm Jan 19, 2011 4:19pm
Quoting Zuke
Definitely a nice set up...just waiting for price to cross the 5x5 and then Im looking for my entry

It is but its the tma has crossed the 48ema which is a mixed sign the 240 acted as resistance and if you look each time it has hit there its come down like a ton of bricks.

despite crude coming down today it still looks bullish for the coming weeks and months.
rat
  • #748
  • Jan 19, 2011 4:27pm Jan 19, 2011 4:27pm
Quoting rattyo
Here looks a trade on the 1 hr . GBPUSD its crossing the moving average 5 again but.........http://screencast.com/t/zahOijSz

switch over to the 4hr and its very over bought the mac and stochs are saying possible reversal is coming sometime soon..

http://screencast.com/t/av3g6y01g

I'd like to take the long but its the overbought situation thats off putting now.


what do you think NannigB of EURUSD and cable.
I don't see a set-up on my H1 chart. Price hasn't gotten near the lower TMA band, and the 5 is above the middle TMA band.

Oscillators do very badly in strongly trending markets. The idea of being overbought or oversold relies on there being some mean reversion in the first place. But trends tend to distort the mean, so you will often see these indicators showing overbought or oversold positions for almost the duration of a trend. That doesn't mean the indicator is wrong now; just that it can't be trusted.
Attached Image
  • #749
  • Jan 19, 2011 5:13pm Jan 19, 2011 5:13pm
Quoting duffypratt
I don't see a set-up on my H1 chart. Price hasn't gotten near the lower TMA band, and the 5 is above the middle TMA band.

Oscillators do very badly in strongly trending markets. The idea of being overbought or oversold relies on there being some mean reversion in the first place. But trends tend to distort the mean, so you will often see these indicators showing overbought or oversold positions for almost the duration of a trend. That doesn't mean the indicator is wrong now; just that it can't be trusted.

The price doesnt need to hit that lower TMA band. as long as the MA's are in the correct order theres a pullback and then a cross over the 5ma trades tend to run.
rat
  • #750
  • Jan 19, 2011 5:21pm Jan 19, 2011 5:21pm
where Ive circled yellow go long EU. price hasnt pulled back as far as that lower tma line.

sure a pull back to there and then a stab through the 5ma gives the trade more venom Ive found but using a few other tricks etc. ive found when those MA's are in order and the price starts to go through that 5ma you get some nice moves.

dollar pairs now seem to be stalling . cable euro etc are of my menu for longs. but yesterday there were very god opportunities
Attached Image (click to enlarge)
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rat
  • #751
  • Edited 6:15pm Jan 19, 2011 5:43pm | Edited 6:15pm
Quoting rattyo
The price doesnt need to hit that lower TMA band. as long as the MA's are in the correct order theres a pullback and then a cross over the 5ma trades tend to run.
The price always supost to reach lower TMA band for buy orders, or be close, around to it, thats one of Bobs rules.
  • #752
  • Jan 19, 2011 6:14pm Jan 19, 2011 6:14pm
Quoting duffypratt
This is what demo accounts are for. Go to demo and put on the EA on a couple of charts, and look what it actually does.

I opened up the Buy EA, and here's what it says it does. For a buy, when the price is above the 60 and also above the 8, it enters a trade. I assume the opposite is true for a sell.

That means that if you put the buy EA on when the chart meets both conditions, it will enter the trade on the next tick. So I went to my demo to test out whether that's true. And yes, it is.

This means that, unless you want to enter the trade...
Duffypratt thanks a lot for your time to explane all that, it was really helpful, everything became so clear after your expalantion. I am really aprreciate your work. Nice to be around with smart people.
  • #753
  • Jan 19, 2011 6:15pm Jan 19, 2011 6:15pm
Quoting rattyo
The price doesnt need to hit that lower TMA band. as long as the MA's are in the correct order theres a pullback and then a cross over the 5ma trades tend to run.
Of course, you can trade any way you like. However, I suggest you look again at the examples in Bob's document on page 1. There are 32 examples. Of those, only a couple fail to reach the TMA, and they are very close. There are also a few points on those charts where it looks like what you now say is a set-up, but Bob did not identify it as a possible trade. So, based on my understanding of Bob's examples, I don't think this one qualifies yet as a set-up.
  • #754
  • Jan 20, 2011 1:02am Jan 20, 2011 1:02am
my first successful trend trade!
http://i688.photobucket.com/albums/v...ronaut/1-3.gif
  • #755
  • Edited 12:45pm Jan 20, 2011 9:10am | Edited 12:45pm
Quoting maestrodforex
Hey guys,

Nice read - took a while - now trying the system!

Okay - so - couple of things:

  1. On IBFX - I have 27 pairs when SHOW ALL is selected. I've read NB is trading 20 pairs. Which one shall be left out?
  2. NB Dashboard 1.2 - it starts doing so many things on my screen that it turns my computer really slow. I like the idea of having this and showing me which pairs are possible for entries. Anyone having this problem of slowing down the computer?


Thank you - that's it for now!
Maestro

hello maestrodforex,

here is the NB Dashboard 1.2 which is away more faster and CPU friendly

regards

Mediator
Attached File(s)
File Type: mq4 NB Dashboard FAST 1.2.mq4   7 KB | 645 downloads
  • #756
  • Jan 20, 2011 9:14am Jan 20, 2011 9:14am
Quoting Mediator
hello maestrodforex,

here is the NB Dashboard 1.2 which is away more faster and CPU friendly

regards

Mediator
Downloading and INSTALLING - quick question #1: do I need to have all the pairs going and with the template while also having this on? Or can I just use this and it will tell me which pairs are ready to go?

In other words - can I be on another profile and have THIS indicator on one chart and then once I know which charts to go - just go there and apply the correct EA's...

Quick question #2: is there such a Dashboard for the new 4H system? Can it be coded if it's not? I have no clue how to do it - but will more than happy help test it if someone works out the indicator!

==
Maestro
  • #757
  • Jan 20, 2011 12:39pm Jan 20, 2011 12:39pm
Quoting Mediator
hello maestrodforex,

here is the NB Dashboard 1.2 which is away more faster and CPU friendly

regards

Mediator

hi there's an error in the line of the 5x5... u put a 3 shift 2 instead of it!
  • #758
  • Edited 1:29pm Jan 20, 2011 12:49pm | Edited 1:29pm
oh, yes. sorry for this. i use a 3x2 MA instead of 5x5 because i'm earlier in the market. and my backtests made more profit and less losses. but i didn't want to publish this too early. because it is confusing with settings 'xy', system AB and Timerframe hinz&kunz.

i edited my post with the 5x5 NB Dashboard.

link to this post is HERE
  • #759
  • Jan 20, 2011 1:24pm Jan 20, 2011 1:24pm
Quoting maestrodforex
Downloading and INSTALLING - quick question #1: do I need to have all the pairs going and with the template while also having this on?...
Hello Maestro,

you can use this in one chart for all Pairs listed without having them open in a seperated window and without template on. the dashboard has all indicators hardcoded inside.

#2: i did not look into the rules for now and could not tell that this system is a simple 2 MA system.
  • #760
  • Jan 20, 2011 3:59pm Jan 20, 2011 3:59pm
hello
I am new to this thread and think it seems very promising alot of good ideas here I have downloaded the files on page 1 and instaled them but the 1.0 5x5 buy and 1.0 5x5 sell do not work I tried to compile an get a message 'WinUser32.mqh' - cannot open the program file Crogram Files (x86)FXDD - MetaTrader 4experts1.0 5x5 SELL.mq4 (9, 1)
'stdlib.mqh' - cannot open the program file Crogram Files (x86)FXDD - MetaTrader 4experts1.0 5x5 SELL.mq4 (10, 1)
not sure why all the other things are working fine
thanks for any input
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