Nb 1.0 trend trade system | Page 41 | 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

  • #801
  • Jan 26, 2011 10:32pm Jan 26, 2011 10:32pm
Iv been a longtime reader and trader of Bob's systems ... this is a major departure from the previous systems.

Personally, I'm going to trade a combo of the earlier systems and the 1.0.

I think the counter trend trading of the 5.2 and older systems is excellent, and I intend to take those trades and use the old 2.4.2 recovery system to get out of trouble. This method is less risky than the "martingale" versions of the recovery used in later versions ... and suits my style better.

I'll also take a look at the 1.0 ... seems like it might be good. Bob knows his stuff, and I have no doubt that this system will be profitable. Whether it can be as profitable as the old counter trend systems ... only time will tell.
  • #802
  • Jan 26, 2011 10:40pm Jan 26, 2011 10:40pm
Quoting duffypratt
A few observations:

1) It looks to me like the steepness that matters most is the steepness of the 8 just before it drops below the 8....
TP is a b******** I have never found any rules to my satisfaction because TP is so discretionary. I like the ATR or the STO white and lblue lines because that is what it does give the Average Range of the pair at the moment. However, depending on certain factors what you take for profit can include:

1. The trading session you are in. USA session will hold bigger profits than the JPY session.
2. News stories, if there are a lot of them price can bounce all over the place, where do you want to take your profit then?
3. Nothing days: price will kind of just float in a direction for hours.
4. Time frame of chart used. Obviously the lower the time frame the less time you will hang onto a trade before you see negative signals. If you are a trader who likes to hang in there obviously you read the higher time frames. etc.

All the above factors (and there are more) can influence where you take a profit. My rules are simple, get into profit, secure your profit, then read the tea leaves and make a decision. I dont say much after that because there simply are too many variables that effect price action. I personally think the 2nd biggest discouragement in trading is to see a profit of 40-70 pips and then it hits your TS or SL, and you walk away with 3, 5 or 20 pips instead. Remember 70% of the time price action is going to range so your profit is only going to run 30% of the time. Of that 30% only a very small percentage will be a true home run running hundreds and hundreds of pips. My experience has been I do better taking lots of smaller profits 30-70 pips than trying to play for the home run. I guess that is just my personal mental makeup.
  • #803
  • Jan 26, 2011 11:16pm Jan 26, 2011 11:16pm
Is the recovery system really necessary for your systems, Mr. Nanningbob?

I thought if we followed your system we should be okay. I know the recovery system is to minimize the draw down but I dont see it a a necessity....i could be wrong (have been for the past 7 yrs. lol)
  • #804
  • Jan 26, 2011 11:43pm Jan 26, 2011 11:43pm
Quoting negima
Is the recovery system really necessary for your systems, Mr. Nanningbob?

I thought if we followed your system we should be okay. I know the recovery system is to minimize the draw down but I dont see it a a necessity....i could be wrong (have been for the past 7 yrs. lol)
The recovery system is an key component of the counter trend system (systems 3.0 to 5.0). I do not recommend ever using it with a trend following system like 1.0. The reason I dont recommend it with 1.0 is you may find yourself at the bottom of a trend reversal and it is only meant to be used when the trend is coming to an end. It is why martingale systems dont work. When a trend reverses and you are on the wrong side of a trade, you will run out of money before you get the reversal you need to make the margtingale system to work. Recovery is not martingaling because we will drop out after 2 or 3 attempts of recovery.
  • #805
  • Jan 27, 2011 12:15am Jan 27, 2011 12:15am
Quoting nanningbob
TP is a b******** I have never found any rules to my satisfaction because TP is so discretionary. I like the ATR or the STO white and lblue lines because that is what it does give the Average Range of the pair at the moment. However, depending on certain factors what you take for profit can include:

1. The trading session you are in. USA session will hold bigger profits than the JPY session.
2. News stories, if there are a lot of them price can bounce all over the place, where do you want to take your profit then?
3. Nothing days: price will kind...
That is my mental makeup as well. Crushing when I am in profit and I get very little out of it. Others can "let them run" and make 200 pips or so, but i don;t have the stomach for it I guess. I had 4 trades yesterday...+30, +30, +47, +67. Singles and doubles will win the game...no homeruns needed.
  • #806
  • Jan 27, 2011 9:37am Jan 27, 2011 9:37am
Quoting duffypratt
Slope is notoriously difficult to deal with in an EA. Even visually, it can be a real pain. The slope of an MA depends on the scale of the chart.

Yes, that's why I tried to use a specific distance in pips from bars 1-5 so it didn't matter the scale of the chart.

Quoting duffypratt
I doubt your statement that cutting profit off at 100 pips gives better results than letting winners run. Instead, I wonder if you would consider moving break even up very slowly, and having some other parameter to close out really long runs.
In that previous result, I made up more 100s that quickly reversed for a small win, and only lost a few big runners that went over 200. I have been considering something with the SL such as, start at 100 and move up 25 every bar. I'll see how that goes.

Quoting nanningbob
TP is a b******** I have never found any rules to my satisfaction because TP is so discretionary. I like the ATR or the STO white and lblue lines because that is what it does give the Average Range of the pair at the moment.


Hey! Thought you were on a plane! Yes, I am still trying to determine my TP level, which if tied to ATR would give me something, depending on the # of periods used.

Quoting nanningbob
My experience has been I do better taking lots of smaller profits 30-70 pips than trying to play for the home run. I guess that is just my personal mental makeup.
Yes, that's why I tried the "take 100 instead of trailing stop" method to see what would happen.

P.S. I'm still getting those TMA alerts! Maybe when you're settled you can whack me upside the head and show me what I'm overlooking. I removed all indicators from the 1H including TMA.

Below is my testing for EURUSD from 1 Jan 2010 to Sep (cause I ran out of data and got tired). The first few months match my previous results but then it just craps out and goes sideways. Partly because of missing a number of large runs which NEVER pulled back across the 8MA.
Attached Image (click to enlarge)
Click to Enlarge Name: PLgraph2.JPG Size: 30 KB
  • #807
  • Jan 27, 2011 10:58am Jan 27, 2011 10:58am
radio nice job are you only trading the trend system
  • #808
  • Jan 27, 2011 12:51pm Jan 27, 2011 12:51pm
Quoting ericjschroed

Yes, that's why I tried to use a specific distance in pips from bars 1-5 so it didn't matter the scale of the chart.



In that previous result, I made up more 100s that quickly reversed for a small win, and only lost a few big runners that went over 200. I have been considering something with the SL such as, start at 100 and move up 25 every bar. I'll see how that goes.

...
I'm attaching two charts to illustrate what I mean about the slope that I think matters. I hope this helps. Right now, I'm not sure I could say everything that should go into a decision on the slope. The factors include, the length of the preceding slope. How steep it was. The number of bars between the price crossing and then re-crossing the 8. What happened during those bars.

But as I said, I'm just trying to get a general impression of Steep with trend, flat, or steep away from trend. There may be a gray area. If the gray area is between flat and steep away from the trend, it means stay out of the trade entirely. Otherwise, I think there is a signal one way or the other: With trend if either steep with trend or flat. Countertrend if very steep away from trend.

Edit: I apologize for the green text. I won't use it again, it looks really annoying.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 11508143_ MBT MetaTrader 4 - NZDUSD,H4.jpg Size: 77 KB
Click to Enlarge Name: 11508143_ MBT MetaTrader 4 - NZDUSD,H4-1.jpg Size: 49 KB
  • #809
  • Jan 27, 2011 1:06pm Jan 27, 2011 1:06pm
Quoting artfuls
Hello
I have finaly read through this thread and am current would like to say their is alot of great help here and seems to be a very good group I noticed that the tma angle indicator seems to work with the tma true indicator and is off when you use the tma current not to question how we use them this is just an observation i noticed thanks
also can someone tell me the easiest way to post a chart in here thanks again
Hello artfuls,

To sync the TMA Angle indicator w/ the cross of the TMA Median/ 240MA, do the following:

Right click chart -> Select Indicators List -> Highlight TMA Angle ->

Select Edit -> Set 'UseTMATrue to false. (Similarly, if you are using the 'w/ TMA True' template, then you will have this set to true)


To post a chart:
Create a screen capture of the chart, and save the file to your desktop

Scroll below the window in which you are entering text, and you will see 'Attach Files', and then click on 'Manage Attachments'

Click the 'Browse' button, and locate the file from your directory, and double click this file ... then click 'Upload', and complete your posting w/ 'Submit Reply'

Not sure about FF, but some sites will drop the attachment if you preview the post after doing the above, so I just preview any text first, before adding the attachment.
  • #810
  • Jan 27, 2011 4:17pm Jan 27, 2011 4:17pm
Quoting nanningbob
TP is a b******** I have never found any rules to my satisfaction ... I personally think the 2nd biggest discouragement in trading is to see a profit of 40-70 pips and then it hits your TS or SL, and you walk away with 3, 5 or 20 pips instead. Remember 70% of the time price action is going to range so your profit is only going to...
This reminds of of your favourite article "Trade Like a Dealer: (And Avoid Death by a Thousand Stops) by: Boris Schlossberg (which can be viewed here http://www.thinkagain.cn/archives/95.html). Everyone should read this article at least once. Some people think it is crazy to trade in 4H Tf and go more than 100 pips for a gain of 30-50 pips. This would mean there has to be more winners than losers and it does work as demonstrated in previous NB threads and Steve has done a fantastic job of adapting it to automated trading in the BEAST and other BOTS.

Kind regards
  • #811
  • Jan 27, 2011 6:06pm Jan 27, 2011 6:06pm
the TP on this system is going to take some getting used to i think ... esp after trading the counter trend system for so long.

I had a couple good trades last night but i did not take the 40 pip wins, thus they turned into losses. This is something i need to organise ...

The system works well when picking buys ... no doubt ... just need to work out TP.
  • #812
  • Jan 27, 2011 10:12pm Jan 27, 2011 10:12pm
Quoting artfuls
radio nice job are you only trading the trend system
I am trading a combination of the 2.
  • #813
  • Jan 27, 2011 11:25pm Jan 27, 2011 11:25pm
Quoting Radio
I am trading a combination of the 2.
I am trying that as well now. It helps me keep my sanity since I perfer a SL...lol.
  • #814
  • Jan 27, 2011 11:56pm Jan 27, 2011 11:56pm
Hey! Thought you were on a plane!

Actually I am in the Beijing airport now. Was in Hong Kong yesterday. San Fran tomorrow.
  • #815
  • Jan 28, 2011 12:44am Jan 28, 2011 12:44am
Quoting negima
I am trying that as well now. It helps me keep my sanity since I perfer a SL...lol.
I hate stop losses
  • #816
  • Jan 28, 2011 1:17am Jan 28, 2011 1:17am
Quoting duffypratt
I'm attaching two charts to illustrate what I mean about the slope that I think matters. I hope this helps. Right now, I'm not sure I could say everything that should go into a decision on the slope. The factors include, the length of the preceding slope. How steep it was. The number of bars between the price crossing and then re-crossing the 8. What happened during those bars.

But as I said, I'm just trying to get a general impression of Steep with trend, flat, or steep away from trend. There may be a gray area. If the gray area is between flat...
Yes, it's the "Art vs. Science" aspect that makes trading so difficult. The human brain's ability to make instinctual leaps is still not able to be duplicated by computers, which is why there are so few people who are successful at speculative trading (forex, stocks, commodities). Do I sound like the "science" speaking? Hence, my challenge; always trying to quantify something that is based on mostly emotion, greed, etc.
  • #817
  • Jan 28, 2011 11:10am Jan 28, 2011 11:10am
I have to say there is something magical when combining the 1.0 trend system with the 5.0 system. cant really explain it yyet since I am testing but I feel really happy. I have not felt this way for 7 years.

I will start posting my charts and results to get better.
  • #818
  • Jan 28, 2011 11:25am Jan 28, 2011 11:25am
Quoting ericjschroed
Yes, it's the "Art vs. Science" aspect that makes trading so difficult. The human brain's ability to make instinctual leaps is still not able to be duplicated by computers, which is why there are so few people who are successful at speculative trading (forex, stocks, commodities). Do I sound like the "science" speaking? Hence, my challenge; always trying to quantify something that is based on mostly emotion, greed, etc.
Fortunately, your EA doesn't have to be the best trader in the world. It merely has to be good enough to let you make money when you can't actively trade. I like Bob's approach to EAs because it takes advantage of something that computer's are really good at (being patient), while leaving room for the element of judgment in the system.

The reason my approach to slope is not quantifiable is not because it displays any level of art that a computer can't capture. I think it's more because I really haven't precisely articulated/formulated the rules yet. (And to a certain extent, they may not even be rules at this point.) If I could make them precise enough, then I'm also sure that they could be programmed.
  • #819
  • Jan 28, 2011 11:49am Jan 28, 2011 11:49am
Quoting negima
I have to say there is something magical when combining the 1.0 trend system with the 5.0 system. cant really explain it yyet since I am testing but I feel really happy. I have not felt this way for 7 years.

I will start posting my charts and results to get better.

The 5 system. where can I find that.
rat
  • #820
  • Jan 28, 2011 12:07pm Jan 28, 2011 12:07pm
Quoting rattyo
The 5 system. where can I find that.
http://www.forexfactory.com/showthread.php?t=246113
1 trader viewing now