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Nb 1.0 trend trade system

  • #881
  • Feb 24, 2011 11:12am Feb 24, 2011 11:12am
Hi Bob - hope your vacation was relaxing and thoroughly enjoyed

In regards to jaymuurs' previous post concerning EA's, I also have a question. It seems my EA's only trigger intermittently = not real reliable.

I'll take you through the latest occurrence - perhaps you can point out something I am doing incorrectly:

I have a profile created for each pair on my platform, w/ the usual M, W, D, H4 and H1 charts.

Any time I arrive at the desk, I toggle through all the profiles and load any applicable EA's ( I am still using the 1.0 H1 Trend System). Today included loading the 1.0 5X5 Buy for the Eur/Jpy sometime around 10 a.m. CST. (16:00 GMT)

I returned to the screens around 12:25 CST (18:25 GMT) to check on any EA fills, and when I switched to the Eur/Jpy H1 chart, price was definitely above the 5X5, but the trade had not triggered. Also, when selecting this chart within the profile (I am using 3 screens, so there are always several charts minimized), I received the 'question window' asking: "Eur/Jpy: Do you wish to continue to use this robot?". I responded 'yes', and then the trade was triggered on the next tick.

I've also just noticed that any time I switch profiles, and then return to one holding an active EA, I will receive this same question window. Does this mean the EA goes 'dormant' when you leave the profile in which the EA resides? Seems to me that would kind of negate the purpose of the EA if that is the case.

Hope you can make some sense of this, and thanks for any suggestions or comments if I am doing something wrong. Your system is performing quite well, provided one can be present for the setup, or the EA does indeed function as intended

I should add, I do not load the EA w/ a SL or TP (both set to zero), and the only change I will make will be to the Lot size.

Regards ... mephisto
  • #882
  • Feb 24, 2011 2:00pm Feb 24, 2011 2:00pm
Quoting MephistoII
...I've also just noticed that any time I switch profiles, and then return to one holding an active EA, I will receive this same question window. Does this mean the EA goes 'dormant' when you leave the profile in which the EA resides? Seems to me that would kind of negate the purpose of the EA if that is the case..
Hi

What do you think profile does? It is almost like a template. The only difference being it holds charts rather than set up within a chart. When you change your profile, MT4 closes all the charts which includes the charts holding the EAs and opens new charts which are defined within the loaded profile. Therefore, it is not surprising for the EA not to function since you have closed the chart by switching profiles even if you have reloaded the profile with the loaded EA.

This is basic MT4 know how my friend. You are an old member of FF (2006) I am surprised you did not know this, maybe you were using different platforms before. One solution for you is to note the set ups you like and afterwards opening charts and loading EAs accordingly. I hope this helps.

Kind regards
  • #883
  • Edited 4:28pm Feb 24, 2011 3:39pm | Edited 4:28pm
Quoting MephistoII

I've also just noticed that any time I switch profiles, and then return to one holding an active EA, I will receive this same question window. Does this mean the EA goes 'dormant' when you leave the profile in which the EA resides? Seems to me that would kind of negate the purpose of the EA if that is the case.

Regards ... mephisto
Just to add to the advice given by astral77, did you know that you can do a copy and paste of the complete MT4 folder, find the "terminal.exe" and run multiple copies of MT4? Doesn't even have to be in the "Programs" folders, put it anywhere you want (MT4 must not use any registry setting to start up)

Doing it that way, you can have a different profile open in each of the open programs; no need to switch profiles and have your EA closed.

And also, for your general knowledge, you can drag & drop the complete MT4 program to a USB and run it from there; I do that on a work computer daily - and even works with the proxy & password

http://www.forexfactory.com/showthread.php?t=67529
Canadian by birth Australian by choice
  • #884
  • Feb 24, 2011 3:58pm Feb 24, 2011 3:58pm
Quoting TheSnowman
Just to add to the advice given by astral77, did you know that you can do a copy and paste of the complete MT4 folder, find the "terminal.exe" and run multiple copies of MT4? Doesn't even have to be in the "Programs" folders, put it anywhere you want (MT4 must not use any registry setting to start up)

Doing it that way, you can have a different profile open in each of the open programs; no need to switch profiles and have your EA closed.

And also, for your general knowledge, you can drag & drop the complete MT4 program to a USB...
I hadn't thought about putting the MT4 onto a thumb drive, but it sounds like an excellent idea, especially if I ever need to travel without my laptop. Thanks for the tip.
  • #885
  • Feb 24, 2011 4:41pm Feb 24, 2011 4:41pm
Quoting astral77
Hi

... What do you think profile does?
Beats the hell outta' me (but I guess that is obvious at this point - LOL). And you also got the 'old' member correct ... i.o.w., I arrived long before the technology revolution, and computers are simply a necessary evil of modern trading in my world. I started my trading experience driving 40 miles to a R.J. O'Brien field office, and watching the ticker.

Now to the point - thanks very much astral and snowman - very clear and helpful info! Would I be correct to now believe that I can also create a profile for holding all charts which are loaded w/ an EA, and when away from the desk, simply ensure that it is open?

Thanks again, guys - I appreciate the help.

Regards ... mephisto
  • #886
  • Feb 24, 2011 4:54pm Feb 24, 2011 4:54pm
Quoting MephistoII
Beats the hell outta' me (but I guess that is obvious at this point - LOL). And you also got the 'old' member correct ... i.o.w., I arrived long before the technology revolution, and computers are simply a necessary evil of modern trading in my world. I started my trading experience driving 40 miles to a R.J. O'Brien field office, and watching the ticker...Thanks again, guys - I appreciate the help.
Regards ... mephisto
You are welcome. We are here to help and learn from each other. Very good to have such senior traders around. The profile will have the EAs on charts the way you saved them, however, when you change profiles sometimes the EAs are not active. You have to click the "EXPERT ADVISORS" button on the top bar of mt4 to activate the EAs.

THANKS SNOWMAN, did not know the bit about the USB Flash drive. Will try it.

Kind regards
  • #887
  • Feb 24, 2011 6:12pm Feb 24, 2011 6:12pm
Or you just uncheck the box in this image and keep doing as you were doing. no reason a saved profile with ea's attached to charts shouldn't work imo.

http://my.jetscreenshot.com/3462/m_2...-ovfv-32kb.jpg
  • #888
  • Feb 24, 2011 8:11pm Feb 24, 2011 8:11pm
Thanks, tazmaan. Just to note, neither of the 'disable' boxes were checked.

I think I will touch base w/ the folks at IBFX to arrive at a better understanding w r t EAs.

Regards ... mephisto
  • #889
  • Feb 25, 2011 1:04am Feb 25, 2011 1:04am
Quoting TheSnowman
Just to add to the advice given by astral77, did you know that you can do a copy and paste of the complete MT4 folder, find the "terminal.exe" and run multiple copies of MT4? Doesn't even have to be in the "Programs" folders, put it anywhere you want (MT4 must not use any registry setting to start up)

Doing it that way, you can have a different profile open in each of the open programs; no need to switch profiles and have your EA closed.

And also, for your general knowledge, you can drag & drop the complete MT4 program to a USB and...
Here is another useful tip.

Did you know you can copy and duplicate profiles between MT4's?

After creating your new profile, go to the MT4 profile directory and copy the folder with the name you gave to your new profile.

You can now paste this folder into any other MT4 profile directory and after a restart the profile will be available.

In fact, when I have made a profile I want to keep, I copy the profile folder to a separate directory. Now, if I ever mess up my profile, I always have a copy of the original
  • #890
  • Feb 25, 2011 8:23am Feb 25, 2011 8:23am
Good day to all subscribers, I'm just new to this thread and method. I was excited after reading it all, and now it seems nobody is posting any analysis or watched trades........... so here is my obligatory chart and "is this a trade set up?" Sorry about the crude chart editing, at work right now!
Actually, I'm not seeing many valid set ups myself, if I'm reading the rules correctly that is. Seems like the USD-JPY crossed the 5x5 a few times today but didn't move much, and the GBP-JPY was pretty good sell entry, right, even though it didn't retrace to the other side of the TMA?
EUR-JPY has nice drop, although the blue lines not yet crossed over, could be a great long term trade set up next week on the retracement, anyone?
Thanks, and hope to learn a lot from you all, have a great weekend, John
Attached Image (click to enlarge)
Click to Enlarge Name: aud-setup.gif Size: 56 KB
Canadian by birth Australian by choice
  • #891
  • Feb 25, 2011 9:55am Feb 25, 2011 9:55am
Hi John,

I've attached the AU H1 chart in hope of alerting you to the idea of the position of the 5X5 in relation to the TMA bands. I'm sure you understand Bob's definition of trend: if the light blue TMA middle is above the blue 240ma, then we are in an uptrend, and looking for long entries. And likewise for downtrend ... light blue below blue, etc.

So, if in an uptrend as our examples here, we wish to enter after a pullback, which Bob has stipulated will be satisfied once price has returned to the lower green TMA band. It is then that we would like to enter long, but we want the 5X5 to also be in a 'lowered' position. Close to the green lower band is best, but we will also accept when the cross would occur somewhere between the green lower band and the light blue TMA middle. I've circled two examples on my chart, the one on the left considered the best entry per the rules. Notice the difference in relation to where you see the 5X5 on your chart.

From Bob's 1.0 Trend Trading System doc. :
"Obviously you take profit when price moves from one end of the TMA to the other. So when the sell enters near the red line you take your profit when it reaches the green line."
******************************************

Of course, we'd be doing the opposite here - 'when the buy enters near the green line you take your profit when it reaches the red line.'

I would suggest looking at all the examples shown in Bob's original doc - I think that would help with a better understanding for both long and short scenarios. Hopefully, I am not pointing out stuff here that you already fully understand. My apologies if that is the case.

Please note that this market seems to be in more of a consolidation phase these days, as evidenced by the back and forth crossings of the blue lines. It's a good idea to consider overall context of the market before committing to a trade based solely on Bob's template. The more things you can bring to the table, the better all this works, imho.

Regards ... mephisto

Attached Image (click to enlarge)
Click to Enlarge Name: AU H1.png Size: 39 KB
  • #892
  • Feb 25, 2011 10:24am Feb 25, 2011 10:24am
John - here's a trade I took yesterday. I was eventually stopped out, but still managed to gain 45p. I would 'grade' this entry as a C, or B- at best, due to the weakening state of our trend conditions.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ H1.png Size: 55 KB
  • #893
  • Feb 25, 2011 10:59am Feb 25, 2011 10:59am
@ MephistoII,

Thanks for reply and some great examples; I will be following your suggestion and study as much as I can on the weekend.

Why is it when finding a new method, the best trades were 2 days ago?

Guess you can't force these trades, only sit and wait like a vulture! which reminds of the cartoon of 2 vultures sitting, waiting for something to die, and one says "bugger this, I'm going to kill something"


A technical question, and maybe too picky here but, as I understand the research and definition of trend, that is the 2MA + 2MA Shifted 2 on Weekly chart, but why is there still a 2 MA in the template? I see it displayed on your chart, it has no bearing to trade decisions any longer does it?

Thanks, John
Canadian by birth Australian by choice
  • #894
  • Feb 25, 2011 11:23am Feb 25, 2011 11:23am
Quoting TheSnowman
@ MephistoII,
...
A technical question, and maybe too picky here but, as I understand the research and definition of trend, that is the 2MA + 2MA Shifted 2 on Weekly chart, but why is there still a 2 MA in the template? I see it displayed on your chart, it has no bearing to trade decisions any longer does it?

Thanks, John
John - I'm not exactly sure what you are referencing here w/ the 2X2. If you are questioning the purple ma, that is a 48X4, which I believe Bob introduced as a proxy for the daily trend direction.

Take a look at the current H1 EUR/NZD - it is setting up for a long entry. However, as Bob mentioned previously, it's quite the volatile pair, and I'm not interested in entering trades on a Fri. afternoon But it gives another example of what we are normally looking for.

Have a good weekend ... meph
  • #895
  • Edited 12:11pm Feb 25, 2011 11:55am | Edited 12:11pm
Quoting MephistoII
John - I'm not exactly sure what you are referencing here w/ the 2X2. If you are questioning the purple ma, that is a 48X4, which I believe Bob introduced as a proxy for the daily trend direction.

Take a look at the current H1 EUR/NZD - it is setting up for a long entry. However, as Bob mentioned previously, it's quite the volatile pair, and I'm not interested in entering trades on a Fri. afternoon But it gives another example of what we are normally looking for.

Have a good weekend ... meph
Check your Indicators, 1 by 1, you will find a MA that is 2 - it is the White line I can see on your posted charts, this is what I am referring to, I know about the 48 MA representing Daily Trend, I have it on my chart also, thanks, John

PS - I got the 2 MA information direct from nanningbob document, his theory on TREND - Quote

"4.THE ONE HOUR CHART SETUP: Let us go to a one hour chart and make a simple easy to read trade setup.
a.First after some study I decided a 2MA crossing a 2MA shift on the weekly chart transferred for better trades on a 1 hour chart. So the math went like this. A 2MA on a weekly is approximately a 10 MA on a daily (2MA x 5 trading days). A 10 MA is approximately a 60MA on a 4H chart (6-4H periods = 1 day so 6x10= 60). A 60 MA on a 4H = a 240 MA on a 1H chart. So a 240 MA Median Smoothed gives us a nice smooth arching line on a 1H chart. Looks like this. This gives us an approximation of what is happening on a weekly chart. "
Canadian by birth Australian by choice
  • #896
  • Feb 25, 2011 1:41pm Feb 25, 2011 1:41pm
watch out for this system. with some success dont rely on that see the overall trend

download and see the setup
Attached File(s)
File Type: ex4 Forex Ultimate Pro Trader.ex4   22 KB | 583 downloads
  • #897
  • Feb 25, 2011 5:31pm Feb 25, 2011 5:31pm
Quoting TheSnowman
Good day to all subscribers, I'm just new to this thread and method. I was excited after reading it all, and now it seems nobody is posting any analysis or watched trades........... so here is my obligatory chart and "is this a trade set up?" Sorry about the crude chart editing, at work right now!
Actually, I'm not seeing many valid set ups myself, if I'm reading the rules correctly that is. Seems like the USD-JPY crossed the 5x5 a few times today but didn't move much, and the GBP-JPY was pretty good sell entry, right, even though...
Thanks for posting. Since I am working two jobs again I simply dont have time to do this so I appreciate it that some will do this. It is a great teaching tool when you understand the basics of the system.
  • #898
  • Feb 25, 2011 5:34pm Feb 25, 2011 5:34pm
Quoting TheSnowman
Check your Indicators, 1 by 1, you will find a MA that is 2 - it is the White line I can see on your posted charts, this is what I am referring to, I know about the 48 MA representing Daily Trend, I have it on my chart also, thanks, John

PS - I got the 2 MA information direct from nanningbob document, his theory on TREND - Quote

"4....
John - the white line on the chart comes straight from the box of the original template, and is simply a 1 period smoothed mov.avg. based on the median price w/ zero shift. I do not know why it was included - my original thought was maybe it was tied to the EAs in some manner, and I let it go at that. In fact, I never even notice it - your eyes are better than mine

With regards to Bob's discussion on the 2X2, I believe he was just conveying how he originally considered it as a good trend delineator for the weekly chart. He then showed the simple math conversion to make it applicable to the H1 time frame, resulting in our blue 240 smoothed ma. As he states, we use it for an approximation of the weekly trend.

On the surface, this is a simple and straightforward system, which quickly allows us to asses the trend(s), and guides us to where we have a higher probability of successfully entering the trend after a pullback/retrace. If you are wanting to dig deeper into the conceptualization, you'll have to ask the man himself

Regards ... meph
  • #899
  • Feb 26, 2011 3:36pm Feb 26, 2011 3:36pm
Quoting sam2vt
Hi Bob,
Would you enter this trade?
From my understanding, Dark blue is getting close to Light blue, this may be a signal of trend changing or retracement. In order to play save should avoid this?
I am yet finish the whole thread, sorry if my question is repeated.
Hey Sam,

Did you continue to follow that pair, AUD-CAD, after your posting? Seems to me there was a SELL signal shortly after that would have got 100's of pips!

And you recognized the blue lines were about to cross, so just wondering, still with this method or have you moved on?

Thanks, John
Canadian by birth Australian by choice
  • #900
  • Feb 26, 2011 9:45pm Feb 26, 2011 9:45pm
Quoting MephistoII
Hi Bob - hope your vacation was relaxing and thoroughly enjoyed

In regards to jaymuurs' previous post concerning EA's, I also have a question. It seems my EA's only trigger intermittently = not real reliable.

I'll take you through the latest occurrence - perhaps you can point out something I am doing incorrectly:

I have a profile created for each pair on my platform, w/ the usual M, W, D, H4 and H1 charts.

Any time I arrive at the desk, I toggle through all the profiles and load any applicable EA's ( I am still using the 1.0 H1 Trend System)....
First I want to apologize for taking so long to answer. I missed your post. My best guess would be this. Steve's EAs are use once and done. In other words they wont enter again until you reset them. This is a safety feature of the EAs. If you dont want this feature you can turn it off by changing the safety feature from true to false. After I enter a trade I usually take the EA off the screen and set up my TP, SL etc. or I let the MPTM EA set them for me. I dont trade that pair again until I see another set in which I turn the EA on so I dont run into the no trade scenario that often. Almost all my EAs are set for when price enters at a 1 MA Median crossing a MA line or the Bid price crossing a MA line or Bollinger Band line.

Now your questions:

Does this mean the EA goes 'dormant' when you leave the profile in which the EA resides? If you are running several screens of the same pair are EAs on each one? If that is the case they may all be sending signals and then you arent getting any entrances. Make sure you have only one EA on per pair.

If you leave your profile then you are turning off the EA and going to another profile setting. So yes that would turn it off, unless on the new profile you are running the EA. I hope you understand the difference between running multiple screens and time frames on one pair and going to another profile. A profile will save the settings of that profile and if you switch that changes the screen to the new format. So lets say you have a profile of JIM with an EA running and you switch to the SUSAN profile. Well unless you have that same EA running on that SUSAN profile you have turned the JIM EA off when you switched. When you switched back you turned the EA back on and it will ask you do you want me to run?

I hope I have understood your question.
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