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Nanningbob 4h trading system ver. 5.0

  • #3,901
  • Mar 7, 2011 7:37am Mar 7, 2011 7:37am
Quoting Radio
I started this method of adjusting the outer TMA to fit each pair last month prior to that I had the outer TMA set at 3.0 on all pairs since maybe November of last year....but I was getting into some serious DD. I put in an outer TMA because I felt that 2.5 was too tight and gave too many signals and had too much DD...for me anyway

latest method So for the outer TMA I do not go lower than 3.0 (bob's original setting is 2.5). What I do is fit the outer band to price extremes for each pair that I can see on the chart that would equal a month's worth...

It is good to share our inovations and experiences. Almost everything I post is someone else's ideas which I then adapt or put into a system. We keep refining and improving by sharing. What I like about this suggestion the person tested and proved the idea before posting it. I can really respect that. I dont like just throwing ideas that have not been tested or used on live trading. Proven ideas are great to share. Thank you.
  • #3,902
  • Mar 7, 2011 7:44am Mar 7, 2011 7:44am
There were two or three guys really interested in a hedging strategy. I have an idea I would like to share and have some people test it. Please send me a private message and maybe we can Skype each other and share. I dont have time to fully test the system but some of you understand my methodology and would comprehend it quickly to test.

Since all the USA brokers dont offer hedging I need to know a decent broker I can test my hedging idea on. Does someone know a foreign broker I can test this idea on that will accept a USA client.
  • #3,903
  • Mar 7, 2011 9:13am Mar 7, 2011 9:13am
Quoting nanningbob
There were two or three guys really interested in a hedging strategy. I have an idea I would like to share and have some people test it. Please send me a private message and maybe we can Skype each other and share. I dont have time to fully test the system but some of you understand my methodology and would comprehend it quickly to test.

Since all the USA brokers dont offer hedging I need to know a decent broker I can test my hedging idea on. Does someone know a foreign broker I can test this idea on that will accept a USA client.
I read somewhere that ATC, FXDD and maybe MB Trading? do allow hedging and FIFO in mt4 platform and just implement the new hedging and FIFO rules in their backend systems. This would suit your purpose wouldn't it?

I may be wrong but worth a look.

I'm not in the US so never had to check it out.

Regards,

murray
  • #3,904
  • Mar 7, 2011 10:49am Mar 7, 2011 10:49am
Quoting Radio
I started this method of adjusting the outer TMA to fit each pair last month prior to that I had the outer TMA set at 3.0 on all pairs since maybe November of last year.....
Radio,
Many thanks for your complete answer, very informative and educational. By the way happily EJ is coming back...our problem with Bob's countertrading system and the use of recovery instead of SL is that we have to learn to live with a certain amount of DD all the time. You have to have resilience, discipline and patience to manage DD in the day to day. Fortunately, tools like this help us to manage the DD level and very very specific entries for L2, L3 to erase them (patience and discipline apply).
Please continue being so supportive and generous with your posts.
  • #3,905
  • Mar 7, 2011 9:18pm Mar 7, 2011 9:18pm
Quoting trustdom
Radio,
Many thanks for your complete answer, very informative and educational. By the way happily EJ is coming back...our problem with Bob's countertrading system and the use of recovery instead of SL is that we have to learn to live with a certain amount of DD all the time. You have to have resilience, discipline and patience to manage DD in the day to day. Fortunately, tools like this help us to manage the DD level and very very specific entries for L2, L3 to erase them (patience and discipline apply).
Please continue being so supportive and generous...
the first time I went into major DD I thought my heart would explode, it gets easier each time. the key for me is not to get greedy and try to make too much. The greedy part of my mind can play tricks on me sometimes. I never thought myself as greedy, but I guess I am.

Here is a EurChf #2 trade that worked perfectly I made 30 pips on with the 40/30 mptm...

http://i688.photobucket.com/albums/v...ronaut/3-2.gif
  • #3,906
  • Mar 7, 2011 9:19pm Mar 7, 2011 9:19pm
Quoting nanningbob
It is good to share our inovations and experiences. Almost everything I post is someone else's ideas which I then adapt or put into a system. We keep refining and improving by sharing. What I like about this suggestion the person tested and proved the idea before posting it. I can really respect that. I dont like just throwing ideas that have not been tested or used on live trading. Proven ideas are great to share. Thank you.
Thanks Bob, I had a great place to start with your system!!!
  • #3,907
  • Mar 7, 2011 10:34pm Mar 7, 2011 10:34pm
http://i688.photobucket.com/albums/v...ronaut/3-3.gif
  • #3,908
  • Mar 8, 2011 7:45am Mar 8, 2011 7:45am
Quoting muzza
I read somewhere that ATC, FXDD and maybe MB Trading? do allow hedging and FIFO in mt4 platform and just implement the new hedging and FIFO rules in their backend systems. This would suit your purpose wouldn't it?

I may be wrong but worth a look.

I'm not in the US so never had to check it out.

Regards,

murray
If Ｉcould find a decent foreign broker with low swap rates and hedging with trading dimes. I could live with that. Ｉam really interested and putting trend and counter trading together with hedging. I also really interested in meeting online with Skype with several traders and bounce this idea off of some heads to see what they think. When to undo the hedge is the key component and I need some guys who have the understanding of my trading style to really look at this. I dont have the free time like I used to have and need a couple of people to really look at this idea. It kind of combos the 5.0 and 1.0 system and blends in into one complete thing. It maybe a bit complicated but if a couple of us put our heads together I　think it could work. Then we can leave Steve to write up the EAs for it and ....................... well see what happens. I am working two full time jobs and just dont have the time to refine the idea but I think it has merit. A skype call thurs fri morning USA EST or Fri or Sat night would work. Need some people who can adjust the EAs to fit the system and/or a dashboard I think would work. My idea would just do a hedge trade and then close the winning trade at a certain signal and then reduce the losing trade to earn your profit. While the trade runs you have no chance of losing and the only critical point would be un hedging the trade. I think I have found that point of unhedging that would work. Then protect the profit once it is set. Anyway, need help with this one. Anyone game???
  • #3,909
  • Mar 8, 2011 8:09am Mar 8, 2011 8:09am
Quoting Radio
http://i688.photobucket.com/albums/v...ronaut/3-3.gif
Made 30 on the EG #3 sell
Made 27 on the EJ and adjusted the outer TMA to 4.0 from 4.75
Made 59 on EU short

Total 118 pips today...best day in a while
  • #3,910
  • Mar 8, 2011 8:14am Mar 8, 2011 8:14am
Quoting Radio
Made 30 on the EG #3 sell
Made 27 on the EJ and adjusted the outer TMA to 4.0 from 4.75
Made 59 on EU short

Total 118 pips today...best day in a while
great results. congrats!
how do you use the tma?
do you wait for confluence, that means price is below/above the gold-line AND the tma OR
only the tma without checking the sixths?
i am still having good results with the original setup, but always interested in improvements....
thanks
meine augen sind die sterne
  • #3,911
  • Mar 8, 2011 8:50am Mar 8, 2011 8:50am
Quoting nanningbob
If Ｉcould find a decent foreign broker with low swap rates and hedging with trading dimes. I could live with that. Ｉam really interested and putting trend and counter trading together with hedging. . Anyone game???
Nanninbob,
I have two accounts based in London with FXCM and Forex Capital Gain, both with fairly spreads. Until now both have shown a good service with a strong user oriented service providing support and tools for free. By the way I live in Chile.
Regarding your next big project I am praying that the most seasoned traders and programmers, (that we have in abundance in this successful forum), will promptly respond to your call. I would be delightful to participate but my first barrier is English (I speak Spanish as a mother tongue), besides I am just a normal Trader trying to improve everyday.

!!!Nanninbob 4H Trading System Ver. 5.3 WILL NEVER DIE!!!
  • #3,912
  • Mar 8, 2011 3:57pm Mar 8, 2011 3:57pm
hey so I am also going to start testing this method will reread most of the thread and see what exactly this is about since I have not looked over this thread in a while.

So if I am correct you use the regular EA provided in the folder but that doesn't close trades right? You need to use the MTMP program to manage the trades right?
  • #3,913
  • Mar 8, 2011 5:00pm Mar 8, 2011 5:00pm
Quoting gustav213
hey so I am also going to start testing this method will reread most of the thread and see what exactly this is about since I have not looked over this thread in a while.

So if I am correct you use the regular EA provided in the folder but that doesn't close trades right? You need to use the MTMP program to manage the trades right?
Yes if your broker wont take SL or TP then you set the EAs to zero and let the MPTM handle the SL and TP at the settings you want.
  • #3,914
  • Mar 8, 2011 8:52pm Mar 8, 2011 8:52pm
Quoting aserbfx
great results. congrats!
how do you use the tma?
do you wait for confluence, that means price is below/above the gold-line AND the tma OR
only the tma without checking the sixths?
i am still having good results with the original setup, but always interested in improvements....
thanks
the confluence I look for is when price, BB and TMA are in the same area. The EG chart has the 6ths indicator but it had no bearing on me taking that trade. All other charts I trade do not have the 6ths and I do NOT wait for price to get into that area. For instance, the attached UJ chart with a #4 sell EA is in the middle of the chart, but look where the outer TMA, BB and price are...they are at an extreme and unless there is some major issue with the markets the chance of major DD are lower than if price were closer to the center of the TMA. we will see how it turns out...
http://i688.photobucket.com/albums/v...ronaut/3-4.gif
  • #3,915
  • Mar 9, 2011 12:21pm Mar 9, 2011 12:21pm
Quoting nanningbob
If Ｉcould find a decent foreign broker with low swap rates and hedging with trading dimes. I could live with that. Ｉam really interested and putting trend and counter trading together with hedging. I also really interested in meeting online with Skype with several traders and bounce this idea off of some heads to see what they think. When to undo the hedge is the key component and I need some guys who have the understanding of my trading style to really look at this. I dont have the free time like I used to have and need a couple of...
I'd like to help if I can. At least as a ginny pig by beta testing your ideas, writing tutorials or whatever else. I'm using this system fore few months now and if I can be of any assistance, just say the word ;o)
Dreaming in Charts...
  • #3,916
  • Mar 9, 2011 5:11pm Mar 9, 2011 5:11pm
Hi all -

Radio - nice trades, esp with that Bulge sell. I saw that one but was already too exposed to the Euro and didnt want to take another.

DD is something you just have to live with when using this system, it definately gets easier with time, especially when you see the recovery work.

With regards to the EA's, a lot of Bob's EA's havn't worked for me in the past, I use an ECN broker, so I guess that's the issue. Are there ECN EA's available for this system ??
  • #3,917
  • Mar 9, 2011 11:29pm Mar 9, 2011 11:29pm
Quoting scottik187
Hi all -

Radio - nice trades, esp with that Bulge sell. I saw that one but was already too exposed to the Euro and didnt want to take another.

DD is something you just have to live with when using this system, it definately gets easier with time, especially when you see the recovery work.

With regards to the EA's, a lot of Bob's EA's havn't worked for me in the past, I use an ECN broker, so I guess that's the issue. Are there ECN EA's available for this system ??
Thank you,

I would advise you to not think too much in terms of being "too exposed". the key to this system is to be able to hold onto you profitable trades. If you stop taking the profitable trades on other pairs while in DD then that defeats the purpose. Trade with more caution..yes, close out trades earlier...like me maybe. Trade pairs that dont trend as much...maybe. If I thought like that and that I was over exposed on the Euro and I am 3 levels deep in DD on the EU then why would I short the EG? well I did and made 30 pips, what if I had skipped that trade?

I use an ECN...MB Trading and have no issues. What you have to do is open a demo account with your broker and load the EA's and see how they work. Remember that spreads someing play and the EA will not always enter you right on the line. There is a field in the properties that asks if u are using an ECN criminal? answer is yes
  • #3,918
  • Mar 10, 2011 3:58pm Mar 10, 2011 3:58pm
Thanks Radio, I'll test out the EA's but they didn't work in the past, perhaps ill just have to have a better.

Perhaps I trade the system a little to cautiously, I don't like to expose myself too the one currency too much. This definately reduces my risk, however it also reduces my return.

I made a 10% return last year trading Bob's systems, not too bad. I did avoid the massive drawdowns that he had as I didn't trade it in the same way, I was and am more cautious. Sure it means I miss some, but I dont wanna have a 1000 point DD!
  • #3,919
  • Mar 10, 2011 7:03pm Mar 10, 2011 7:03pm
Quoting scottik187
Thanks Radio, I'll test out the EA's but they didn't work in the past, perhaps ill just have to have a better.

Perhaps I trade the system a little to cautiously, I don't like to expose myself too the one currency too much. This definately reduces my risk, however it also reduces my return.

I made a 10% return last year trading Bob's systems, not too bad. I did avoid the massive drawdowns that he had as I didn't trade it in the same way, I was and am more cautious. Sure it means I miss some, but I dont wanna have a 1000 point DD!
I am aggressive...very aggressive, but that is the beauty of this system imho. you can trade the way u like
  • #3,920
  • Mar 10, 2011 10:00pm Mar 10, 2011 10:00pm
#1 buy...could have used a #2 but I think I still prefer the #1 because price seems to come back the BB after it moves inside and gives a better entry price.
http://i688.photobucket.com/albums/v...ronaut/3-5.gif
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