NH4 Dashboard v2

Welcome back....I'm looking forward the next extreme version...

Good to hear from you. You have probably noticed Bob has drifted back to the 4H time frame on his new system and I like it too, since I have no time or desire to sit in front of the computer any more than I do! Hopefully you'll be able to allow for that.

Cheers.

As you will be aware - the new nb1.0v is being traded and duffy and others have put in great work to establish what set ups work best - It looks like 4hrs again seems favourable - EG

Duffypratt - test results
This is basically the same test as before, with one slightly new wrinkle.

Stop: below last swing high/low.
BE + 10 set when Gain = Stop size.
TP close of first bar to cross back over the 8.

I kept track of three kinds of trades: 1) With trend with strong slope on 8. 2) With trend but 8 is flat. and 3) Against the trend but with strong counter slope to 8 (strongly converging).

One problem in live trading, which we are already discussing, is figuring out how to enter when price pierce the 8, and then heads back in the other direction strongly in the same bar. These are often the best trades, but you would have to be watching constantly to catch them all.

Results:

275 Trades
82 Wins 30%
112 Break Even (+10) - 40%
81 Losses 30%

Expectancy -- .94
Pips/trade --24.5
Average Stop Loss -35

Assuming 3.9 spread (which is about what I get on my broker), and 2%/ trade, 10,000 grows to $495K. Deepest Drawdown -- 11% (from 400K to 357K)

With 1%/trade - 10K grows to 78K. Deepest Drawdown - 9.4% $69.2K to $65.4K.

Of the three types of trades, the with the trend trades with strong slope also with the trend did the best, with an expectancy of 1.56 over 85 trades. The flat sloping trades did the worst, with an expectancy of .67 over 182 trades. Countertrend trades with a stong slope away from the trend did very well, but there were only a few of them. Expectancy of 1.25 over only 28 trades.

Ericjschroed

In my test the profitable 4H bars (GMT) were trades opened:
1200 - 660 pips (when I'm asleep! Need to code my EA)
0800 - 499
1600 - 470
0400 - 181
2000 - 103
0000 - (81) loss

I'd like to share my test results from just this month. I know that's not a good comprehensive sampling but I'm tired of looking at the charts just now. I went through all 27 or 28 currencies that I have in my list and applied these rules gathered from Duffy and Bob:

In an uptrend with 8MA above 60MA, wait for price to break below the 8MA and then Buy on a cross above, sometimes on the same bar. I do not wait for a close. However, I did filter out trades where the 8MA was too steep an angle counter to the trend. Right now that's a visual thing but I hope to code it into my own personalized EA or at least the indicator panel. I did not use the RWB (sorry Bob) because I don't understand how to use it in this new system.

For SL I used 20 pips below the recent swing, which sometimes is the entry bar. Move to BE after price moves in profit equal to the SL, or if it lingers around 20 or 30 pips for 3 or 4 bars. Also close the trade per Bob's 2 bar/8 hour rule if it's not going anywhere.

For TP I wait until price has moved 100 pips from entry and then trail the SL 10 pips below the lower of the last 2 bars, not counting the current one. This means you don't get "all the money", but if it's profitable, I don't care. Some of the JPY pairs rarely moved 100 pips so I may want to adjust them to 50 or 75.

The reverse for Sells.

I logged 97 trades (shown in the spreadsheet), 7 are still open, there were only 7 full losses and quite a few BEs. Total pips using the same lot size for every currency (which I would always adjust to my risk level) is 1832 pips after paying the spread. Of course on all the BEs, you wouldn't be paying the spread.

Hope someone else finds this helpful.

Update: I just calculated the P/L using 1% risk on my account and that would have produced nearly USD$3500 since Jan 6! Unfortunately with an average of 30+ trades per week, my account isn't large enough to cover the margins, thanks to the stupid new US rules! I'm attaching a graph starting with $5000 which should be enough to cover the margins for all open trades at 1/2% risk.

so it would be fantastic if your new dashboard could incorporate the ability to adopt these strategies -


I continue to use your great work - i did fantastic for a while on the old nb5 system but lost the plot with recovery lot sizes and blew my account after 4 mths went from 500 - 3500 with a 80% win rate but then in 2nd week of nov when there was a big drop i had too many positions loaded against me (greed) anyway i keep trying and i am a great fan of your dashboard

Hi guys,

Still need some time to read all the threads I'm interested in.
Incredible in 2 months how much stuffs are written in this forum!

Later,

Martin

Martin you are back from the abyss! Hallelujah

the link of the .exe doesn't work anymore
In the first page and in the pdf neither.

Can someone upload it again? Thank you

Phover,

May I ask, what software are you using to create the dashboard?

Phover,
I am using your dashboard everyday and I find it fantastic (many thanks). Could you please give me a hint how to link my own versions of Nanninbob EA's to the dashboard replacing the current ones?
I will appreciate your help.
Regards from Chile

HI TRUSTDOM

I am using it every day as well and I keep saying GOD Bless Phover. Trading is so easy with this dashboard. I check it 3 or 4 times a day and each time not more than 5 minutes, all done.

He does not seem to be around the FF much these days. We are very grateful to him.

Kind regards

Does anyone have a copy of NH4PANELv200.zip which is no longer valid in post 1? I had to format my computer and lost it.

Thanks

All I have is the v2.3 but here it is.

bump

anybody has the exe or zipfile?

+1 on this.. does anyone have the file installer and upload it to fileserve or elsewhere? thanks.

Hi

Following a request by a trader in the NB main thread I posted the files I have (and using) so please go to http://www.forexfactory.com/showpost...postcount=4052 to download.

At present USD pairs are trending so tread with caution for the time being. Good Luck.

Kind regards

Hi astral,

Thanks for the help, but the ones you posted may be the same as the other files that we downloaded in the first page of this thread. But there's one thing that we are missing, the setup file that I guess you have to install in the system other than those ea and indis that you will just put to specific folders of MT4 program.

The broken link given points to this:

I just installed the dashboard using the install file in the NH4PANELv23_update.zip and it seems to be working fine

Just noticed that due to the 13meg size of this file Phover had uploaded on a different server which is no longer available. If anyone needs this file please email me and I will email you the setup files.
Kind regards

Dear all
looks like I missed something. Either you have moved to another thread, talking about Dasboard 3, or something has happened to phover, which I do not hope. I am not sure the discussion has finished. For me there are still the questions of reentering trades and BE/TP-Options or some formal closure of this thread. Can you help?

Hi!
I’m looking for a multicurrency dashboard that will alert me, when the price is near a certain level.
The " Ibuk's Bread'nButter Dashboard.mq4 " from this thread it's very good for this idea. But i'm not a programmer.
Exemple EURUSD. I identify this level 1.3200 and I need an alert when PA is near at 30 pips from that level.
The dashboard will alert me. That's it, simple.
If someone knows another dashboard please send the link here.

Thank you

Hi, I've just started to use the dashboard and initial impressions are that this is a very useful piece of equipment. However, I notice that the information varies depending on whether a particular pair is the "active" pair or not - 3 green LEDs showing when a pair is not active suddenly become blank when that pair is activated. And of course the "active" information is accurate whereas the "inactive" information is not. Compare Screenshot1 where CADCHF is not the active pair with Screenshot2 where it is. Is this a bug? Or is it something to do with data coming through from the broker? I've tried a couple of different brokers and the bug persists. This certainly diminishes the usefulness of the dashboard as a scanner. [/attach]