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Nb 1.0 trend trade system

  • #941
  • Mar 11, 2011 2:38pm Mar 11, 2011 2:38pm
Quote
GBP/JPY dropped over 240 pips.. I call that currency the.. Widowmaker

that's funny
and you are right
I used to LOVE GBPJPY on M5 TF so much...maybe it was a bad love
anyway,I'm glad that I posted something useful
Account deleted
  • #942
  • Edited 9:20pm Mar 11, 2011 9:06pm | Edited 9:20pm
Quoting swissforex
that's funny
and you are right
I used to LOVE GBPJPY on M5 TF so much...maybe it was a bad love
anyway,I'm glad that I posted something useful
I know what you mean... I used to love killing myself... Now that I can look back on all the pain and agony I went through it's laughable. Seriously. I can't believe how long I would sit in front of my computer waiting for something to happen!! I even at one point decided to change my sleeping pattern so I could stay up later because I was loving the London session, which opens up at 1:00 a.m. my time.. That's ridiculous with trying to work a full time job.

I traded Commodities years ago and did ok at it. Funny thing was I was trading on the daily charts with the Commodities.. much longer time frames compared to the 5M charts that I was using with Forex. I should have learned something from those days. But it was the excitement of making even faster money on the 5M or even the 1M that got me going. And I didn't have to call up a broker to put my orders in. After blowing a lot of money I finally decided that wasn't working and had to look at the longer TFs.

Snowman showed me the H4 charts really well. NB used to trade on the H4 and then came out with this system on the H1. I longed for the days of the Daily chart, but finally decided on how I was gonna be able to check on the markets more often by remoting home from work. Now Things are much better. And I love being able to take just "5 Minutes" to decide what to do. That's is just fine in my book
  • #943
  • Mar 12, 2011 8:42am Mar 12, 2011 8:42am
Hey Sand ... for some reason, this all sounds strangely familiar

Re. the short tf's: To the novice trader, scalping these mkts seems like a no-brainer. They start calculating the possible rewards of taking several trades/day using a standard lot, or worse, multiples, and then compound the problem using skewed R:R. They'll risk 20p, and grab 5 for a quick profit. But then when the mkt doesn't cooperate, they figure they can average down/up their less than perfect entry, only to see the mkt continue to race in the wrong direction. It doesn't take too many months for the small acct (5K) to be rubbed out. Over leveraged, under capitalized, and normally not a clue as to how the mkts function, and they finally leave the arena cursing about how its all rigged.

This is not to imply that scalping or 'averaging in' can't be employed by an experienced trader. More, just my belief that so many noobs get the cart before the horse, not to mention being blinded by the dollar signs. Only through serious commitment and experience does the idea of actually waiting for the ideal setups finally come home to roost. And NB has certainly provided a great tool with which to pursue these intentions.

Good trading ... meph
  • #944
  • Mar 12, 2011 9:18am Mar 12, 2011 9:18am
Quoting MephistoII
Hey Sand ... for some reason, this all sounds strangely familiar

Re. the short tf's: To the novice trader, scalping these mkts seems like a no-brainer. They start calculating the possible rewards of taking several trades/day using a standard lot, or worse, multiples, and then compound the problem using skewed R:R. They'll risk 20p, and grab 5 for a quick profit. But then when the mkt doesn't cooperate, they figure they can average down/up their less than perfect entry, only to see the mkt continue to race in the wrong direction. It doesn't...
I totally, totally agree, meph. With experience, comes wisdom.

As the "Despicable Me" Character says... "Light Bulb"
  • #945
  • Mar 12, 2011 4:40pm Mar 12, 2011 4:40pm
Quoting SandFX
I'm using the info from page 1 with a couple modifications that NB has offered. He started the system on the H1 chart and missed using the H4 from what I could understand. So, he gave this link: http://www.forexfactory.com/showpost.php?p=4316327 of what he is using to include the H4. It still has everything on the H1 and he's made the H4 to be read for a bigger picture. He even describes how to trade on the H4 if you want to use it. I'm using the H1.. more entries from what I can see so far.

The other modification that I'm using...

Hi SandFx

would you please be so kind to share your .set file for Steve' s EA and or explain briefly your setups?

please don't answer me to try all the inputs by myself
and do not think I'm lazy

I read this thread (63 pages-very interesting reading )and all the thread about that EA (21 pages !) but with all that inputs it's driving me crazy
I absolutely need a starting - setup file

thank you in advance

p.s.

about timeframes..I did my own search and find out that H1 gives much more good setups,and I like very much the last template (1.2 1H 4H tpl) shared by NB ,not for trading but for spotting Price Action.
Account deleted
  • #946
  • Mar 12, 2011 5:44pm Mar 12, 2011 5:44pm
Quoting SandFX
I ended up missing most of the trades because of work. Maybe I should just stop working... lol maybe I should make it so I don't have to work.. eventually
Yeah, I agree. I definitely want to quit my job for good.
Quoting SandFX
NB:
Is there an EA that will manage the trade after entering without having to load another EA?
I know you can use the MPTM but I have also been doing some coding and will eventually add them to the entry EA, including Automatic Position Sizing! (Whoo-Hoo!) Actually, I've already got that part coded.
Quoting SandFX
I agree Snowman. I'm sticking with the H1 charts. I have been comparing the H4 and H1 charts and I'm liking the amount of entry opportunities on the H1. I've just had to be checking in more often and it's been working well. I love the '1.2 1h 4h trend' template NB shared with us. It allows me to check in on the H4 and see the longer term bigger picture.
I'm also remoting into my computer from work (don't tell my boss) so that allows me to keep track of them more often. It's literally taking less then 5 min to check on more than 20 markets, set up...
See next comment...

Quoting SandFX
I mainly look at the markets a few hours before the London open and also before the U.S. open. Everyone has their own preferences. That's what I've been doing. I haven't looked too much during the Asian time period because that's when I'm getting home from work and getting things done around the house. I'm on the west coast in the U.S. and thats the times I'm working with.
I'm watching your posts because I too live on the West Coast (and if you tell me you're in San Diego, I'll be really jealous cause that's where I want to move as soon as I can!).
Quoting SandFX
Right now the time is 5:15 in the afternoon and I'm just getting home from work and for me the Asian market is trading now. London won't open for another 7 hours from now. So just before I go to bed around 9 or 10 pm I check the markets for about 5 minutes and see how things are. Then I get up around 5 am and check on things again... for another 5 minutes.. Then after a while at work I remote in to home and check on things again for another 5 minutes or so.
You know.. this 5 minute stuff is really blowing me away. After making over 230 pips in...
I understand checking several times a day but don't really want to get up at 5am, although that's probably the best time to check.
Not sure why you say you're tired if you only have to check 5 minutes 3 or 4 times a day. Are you stressing over the trades?
Quoting SandFX
I'm using the info from page 1 with a couple modifications that NB has offered. He started the system on the H1 chart and missed using the H4 from what I could understand. I'm using the H1.. more entries from what I can see so far.
I'm lovin this because like I said.. It just takes me about 5 minutes to go through a little over 20 currencies and set the EA and I'm good to go. I have to keep a close eye on them, but that's better than what I was doing before.. trading for hours at a time on the lower TFs.. INSANITY!!
Again what do you mean by "having to keep an eye on them"? Don't you set the EA, come back later to see it there's a trade and set the MPTM? I'm trying to figure this out for me since I don't want to get up during the night to check the London session.
Could you perhaps post a few screenshots explaining your setups and trade management? Thanks.
Eric
  • #947
  • Edited 9:09pm Mar 12, 2011 5:57pm | Edited 9:09pm
Quoting swissforex
Hi SandFx

would you please be so kind to share your...
I've attached the .set files as .txt files because FF doesn't allow .set files to be attached. After you download them just change the extension on the files to .set and they will work fine.

The biggest change on the .set files for me is setting the Criminals to 'true'. I trade with IBFX which is 5 digit and the EA only works correctly when that is set to 'true'. So, if your broker is 5 digit, the it will work fine. If not, then make that 'false'.

I've changed the lot value to .1 or $1 per pip. I'm trading demo according to the advice NB gave for money management. Set that to what you want.

I don't care for only trading at certain times so I've changed the Trade_Hours_M and Trade_Hours_E to start_hourm 0; end_hourm 12; start_houre 12; end_houre 24. This allows for trading 24 hours a day. So at any time I see a good setup I can drag the EA over and not have to worry about it not taking the trade because it's set to not trade at that time. Good for me..

The other thing I've changed is setting the ShowManagementAlerts (second to the bottom) to false. I just didn't want any alert showing up. Kinda irritating to me. But you decide. Everything else I've left to default. Oh, and one other thing.. the 15-3 MPTM is in both EAs, so no worries there. I left that alone as well. Works just great.

Steve Hopwood explains the difference between the two EAs as:

Attached are two robots. They are identical. Their code is identical; their inputs are identical. The only difference between the two attached versions is that the manual trader is dragged onto your chart once you have identified a setup and looks for the trade trigger. The auto-trader attempts to identify the setup for you, then looks for the trade trigger.

You drag the manual trading version onto your chart once you have identified the setup. You do not have to worry about a buy or sell ea. If the trend is up, the bot will look for a buy trigger. If down, it will look for a sell trigger.

You can use either bot for both purposes but setting the appropriate input to true - as described further down. I am simply trying to make life easy for those who are either confirmed manual or robot traders.

Once a trade is sent, both versions of the bot manage it in the same way.

Once a trade is closed for whatever reason, the manual version should shut itself down. I have included the safety feature from the original buy/sell bots, so users should receive warnings that they are familiar with.

That's all on the first page of his post. I like both EAs and I use them both.. These are not "set and forget" EAs. You have to keep an eye on them. But when I notice a currency in a good setup, I throw one of these on the let it roll

Hope this helps
Attached File(s)
File Type: txt lot-1-dollar-auto.txt   2 KB | 343 downloads
File Type: txt lot-1-dollar-manual.txt   2 KB | 339 downloads
  • #948
  • Edited 9:13pm Mar 12, 2011 6:17pm | Edited 9:13pm
Quoting ericjschroed
I'm watching your posts because I too live on the West Coast (and if you tell me you're in San Diego, I'll be really jealous cause that's where I want to move as soon as I can!).
No.. I'm not in San Diego, but I have a brother that lives there and I go there a few times out of the year.. BEAUTIFUL. I want to buy one of those condos in the towers by Hotel Coronado on Coronado Island. Of course it needs to be a corner one where I can see San Diego and the ocean.

Quoting ericjschroed
I understand checking several times a day but don't really want to get up at 5am, although that's probably the best time to check.
Not sure why you say you're tired if you only have to check 5 minutes 3 or 4 times a day. Are you stressing over the trades?
No, I'm not stressing over the trades at all. That's how nice it is and what a relief it is. I check at 5 am because that's when I get up for work. And I was making a joke about having to take a full '5 minutes' to check all the currencies. I used to set hours aside just to trade.. WOW! Now that really made me tired!!

Quoting ericjschroed
Again what do you mean by "having to keep an eye on them"? Don't you set the EA, come back later to see it there's a trade and set the MPTM? I'm trying to figure this out for me since I don't want to get up during the night to check the London session.
Could you perhaps post a few screenshots explaining your setups and trade management? Thanks.
Eric
What I meant by 'having to keep an eye on them' is that using the EAs doesn't mean it's a 'set it and forget it' type system. This is your money that you are dealing with and my money means a lot to me. I just don't want something to go wrong and have a lot of loosing trades on my hands. Like what recently happened in New Zealand and now in Japan with those earthquakes. You never know when something like that will happen and you don't hear about it till well after the markets take a dive. I'll post some charts when I have a little more time. And.. the 15-3 MPTM is already in both EAs. That's the beauty of them. Modern technology.. Isn't it wonderful? :nerd:

Hope that helps. I'm lovin it.. Wow.. sounds like I should start working for McDonalds
  • #949
  • Mar 12, 2011 7:02pm Mar 12, 2011 7:02pm
Thanks, amigo.

Am ALWAYS struggling with getting the settings correct.

A step closer again.
  • #950
  • Mar 12, 2011 8:53pm Mar 12, 2011 8:53pm
Quoting Freddyfx
Thanks, amigo.

Am ALWAYS struggling with getting the settings correct.

A step closer again.
What ever I can do to help. I've picked up a lot from everyone on this post. They all have been great.

Hope the weekend ends soon. I get a little depressed on the weekends till trading starts back up again.. LOL.. Just kidding. I enjoy every minute of my weekend. I guess I'll have to get ready for the dreaded.. '5 minutes' of research Sunday night. But somebody has to do it.
  • #951
  • Mar 12, 2011 10:02pm Mar 12, 2011 10:02pm
Sorry I havent posted much lately but had a friend who suffered a stroke and been trying to help him get to the Consulate so they could facilitate his exit back to the USA. Finally back and love all the comments and guys sharing their back grounds in trading. These really enrich the trading experience. It is so nice that I can just sit back and watch other guys teach and watching others learn. Posting questions and suggestions. I really appreciate all the help and postive suggestions. Now that guys are using the system people are seeing that it can work, just takes time to process and learn. Well back to doing lesson plans. Once again thanks for all the help with using the system along with your experiences. Each person contributes and that helps me also.
  • #952
  • Mar 13, 2011 12:15pm Mar 13, 2011 12:15pm
Quoting SandFX
I like both EAs and I use them both.. These are not "set and forget" EAs. You have to keep an eye on them. But when I notice a currency in a good setup, I throw one of these on the let it roll
So you actually use the Auto EA and the Manual both? When do you use the Auto EA?

And you mentioned before about looking at the H4 but trading on the H1. What do you look for in H4?

tx
  • #953
  • Mar 13, 2011 12:37pm Mar 13, 2011 12:37pm
Quoting ericjschroed
So you actually use the Auto EA and the Manual both? When do you use the Auto EA?

And you mentioned before about looking at the H4 but trading on the H1. What do you look for in H4?

tx
I'm using both to decide which I like better. The auto one doesn't shut off after a trade is complete, which could be good or bad. The 15-3 MPTM could kick in, get you out on the SL for 3 pips and then get you back in. However, if it gets you back in and it doesn't continue in your direction you could go into negative territory. However, the manual EA will shut itself off after a trade is complete. I've used both and had success with both.

NB mentioned that on the H4 he looks for the price to go above or below both MAs. That's a good sign that the trend is in that direction. It helps to confirm my decisions. If price isn't above or below both MAs then I'm more hesitant, but it helps a lot. It gives me the 'Bigger' picture even though I'm getting pretty much the same information on the H1.

This system by far is the best I've worked. It has been the most consistant with profit. I've been around the block a few times and getting beat up by the bullies on the block doesn't feel good.. LOL.. Meaning, getting burned by all the other systems out there. I expect the success to continue, but we'll see. Still testing and lovin the '5 minutes' of hard work & research it takes for this system to work.
  • #954
  • Mar 13, 2011 12:53pm Mar 13, 2011 12:53pm
I found some code while working on my personlized EA that only allows 1 trade per bar, which might be helpful if you see that happening. Not sure if Steve's has that protection. When I first started using it a month or 2 ago, I had an issue where it would close the trade and reopen another and close and reopen multiple times because the spread on some currencies would allow the Bid and Ask to be above and below the triggers at the same time. I'll check and then maybe add it as an option as well as auto lot sizing.
  • #955
  • Mar 13, 2011 1:23pm Mar 13, 2011 1:23pm
Quoting SandFX
I guess I'll have to get ready for the dreaded.. '5 minutes' of research Sunday night. But somebody has to do it.
Hey, would you mind posting a quick note here tonight after you look at the charts, and say which ones you're watching? Just to see if I'm seeing the same things. tx
  • #956
  • Mar 13, 2011 1:50pm Mar 13, 2011 1:50pm
Quoting ericjschroed
Hey, would you mind posting a quick note here tonight after you look at the charts, and say which ones you're watching? Just to see if I'm seeing the same things. tx
Sure.. I'll be looking around 9 or 10 pm my time. As of this posting my time is 1:50 pm. That would be great to see if we're seeing the same things. And check how the EAs are doing. If you're working on one I'd love to try it on real time. I'm liking Steve's work, but I'm open to others.
  • #957
  • Mar 13, 2011 2:25pm Mar 13, 2011 2:25pm
Quoting ericjschroed
Hey, would you mind posting a quick note here tonight after you look at the charts, and say which ones you're watching? Just to see if I'm seeing the same things. tx
this is what Steve H's indicator is showing, most of the 6 I am watching are out of position due the big swing at the close Friday..........
Attached Image (click to enlarge)
Click to Enlarge Name: set.3.14.2011.gif Size: 26 KB
Canadian by birth Australian by choice
  • #958
  • Mar 13, 2011 3:26pm Mar 13, 2011 3:26pm
SandFx,thx very much for NB V1 set files

NanningBob , really happy to see you back ( I feel more safe when Daddy at home )

I wish I could trade this Gap !!!!!!!!!!!

http://img694.imageshack.us/img694/2654/eurusdgap.gif
Account deleted
  • #959
  • Mar 13, 2011 5:13pm Mar 13, 2011 5:13pm
Hey, SandFX. I used the Manual EA from Steve and got into a NZDUSD trade earlier and was up 30 pips but the SL never moved and when I checked back later I was down -3 pips! So I closed the trade manually and it immediately opened a new trade, which I didn't think it was supposed to do. I thought I had all the settings right. Maybe I'll just have to combine the parts I want to keep into an EA I understand, you know, simpler.

About the part "criminal = true" is to handle ECN brokers and I remember Steve saying that IBFX was an ECN but didn't admit it, which is why that works for you.
  • #960
  • Mar 13, 2011 9:51pm Mar 13, 2011 9:51pm
Quoting ericjschroed
Hey, SandFX....
You might want to check that Criminals setting. I had trouble with that as well till I found out I needed it set to 'true'. Before then it was acting funny like that and wouldn't set a SL properly. After I set it, it worked fine.

I have learned to never trade at the opening of the markets. Whoa! Quite a few of them opened with gaps. Gaps nearly always get filled, but not necessarily. Wow.. I'm scaring myself talking like I'm an expert or something. I'm not. Just going off experience. The Tokyo market is open here where I'm at on Sunday night. I just enjoy my evening and wait till later to find out about how the markets made everyone's jaws drop.

Now that it's around 9:30 pm my time and I'm getting ready for bed, I'm just beginning to look at things. Wow.. quite a few gaps indeed. And the calendar show every JPY market at red and 'Pending'. Guess they are going through a lot over there. I don't know how that affected the actual Tokyo floor.. and the building that holds all the traders.

I took my '5 minutes' and looked at all 22 markets and only found 2 that I got into and 1 that I set the EA on and maybe it will get me in while I'm asleep.

I entered AUD/USD. I entered myself on that one and letting the EA manage it for a short. It's still in a good position on this side of the TMA. The H4 shows price just coming out of both MAs for a good spot..

I also entered NZD/USD on my own because it already happened earlier and is still in a good spot. I don't like the H4 too much.. too close the the lower MA. But what the heck..

The other one is EUR/CHF. I set the EA on that one and just waiting. The H1 is in a good position. I like it. So this is one I had to 'Hurry up and WAIT!'

Anyway.. I'm getting up at 5 am my time to check things out and see how they did.. We'll see. Maybe more to get into in the morning. I think I'm gonna wait on the JPY markets till I know more.. but thats a situation that fortunes are made on... sometime... at least that's what the 'experts' want you to think.

Night... Sleep Tight.. and don't let the bed bugs bite!! or rather your nightmares
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