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Nb 1.0 trend trade system

  • #981
  • Mar 15, 2011 11:06pm Mar 15, 2011 11:06pm
Well, I know it may be getting old, but here I go again...

I did the '5 minute' research thing tonight.. and nothing new from earlier. So, for now I'm not in any trades. I think everyone around the world is doing that on purpose just to keep me from making money.

I'll be up in the morning for some more research.. cause somebody has to do it
  • #982
  • Mar 15, 2011 11:31pm Mar 15, 2011 11:31pm
Quoting SandFX
Well.. the point that NB made about the money management really hit home with me. If you stick to the amount that he specified, for me at least the system becomes a long term one. In the past when I found myself getting greedy is when I did the worst. This system has me on the right track.

Still testing and still finding out what it's capable of doing...
Personally, I think Bob's money management ideas are hyper-conservative. They are probably a good starting point. Unlike his counter-trend system, there is no recovery here, and the downside risk is very well defined. From a management perspective, the key danger with this system lies in taking a bunch of related trades at once.

You can protect against that by limiting the number of times you trade the same currency at once, and also by limiting your overall risk. For me, that would mean not getting into more than two trades at once involving the same currency, and never risking more than a certain % of the account at any time.

Overall I agree, especially at the beginning. There is simply no point in blowing much money while still testing the merits of a system.
  • #983
  • Mar 15, 2011 11:55pm Mar 15, 2011 11:55pm
Guys, I also been having the same problem on the manual EA re-opening trades after closing the previous one. I am now using 0.5 of the swing as SL and TP with TMA line on the auto trader. Will report on the progress.
Don't stop believing
  • #984
  • Mar 16, 2011 12:25am Mar 16, 2011 12:25am
Quoting duffypratt
I got hung up on some execution details, and that derailed me for a while.
Yeah, I know what you mean. I had someone convert the TMA to use it in Forex Tester so I can test back data in real time, and I still keep getting confused and frustrated. Like, if the 5ma crosses above TMA mid just as price is crossing down, do I take the trade? Or does it matter which direction the TMA is heading as in the TMA Trend indicator? Sometimes it seems more profitable trades happen when TMA is heading back toward the 240. Or in the case of a BE, what if the next bar price is still above mid TMA but below 5ma, do I re-enter?

I have an EA I coded that requires prices to break the low TMA and then cross over the 5ma below the mid TMA within 2 bars and have TMA pointing up (for buy). I used it on the H4 for 2 weeks and got zero trades. Just now I went back and modified it for the H1; maybe that will be better.
  • #985
  • Mar 16, 2011 12:30am Mar 16, 2011 12:30am
Quoting ericjschroed
Yeah, I know what you mean....
On your questions, I think I would look at the bigger picture and use my judgment. That wasn't really what was holding me back.

Instead, I hesitated mostly because you can't know how big your stop loss will be when you put on the EA. I ultimately want position sizes to be a percentage of my account. There was no way to figure that, and I got hung up on the difficulty.
  • #986
  • Mar 16, 2011 7:30am Mar 16, 2011 7:30am
I'm off to work..

I've set my EA on EUR/NZD and NZD/USD. Let's see what happens.

Good luck everyone..
  • #987
  • Mar 16, 2011 7:49am Mar 16, 2011 7:49am
possible setups today..

eurnzd, eurusd, eurgbp, nzdusd. i dont like eurusd coz looks like it forming a double top.
  • #988
  • Mar 16, 2011 9:29am Mar 16, 2011 9:29am
Quoting iezzzwan
possible setups today..

eurnzd, eurusd, eurgbp, nzdusd. i dont like eurusd coz looks like it forming a double top.
I remoted to home from work.. (shhh, my boss is in the next room) . I saw your post, jezzzwan, and agree with you on EUR/USD. To me it looks good for a possible set up, but that double top is something not to be ignored. Plus the Stoch/MACD on the H4.. the stochs are over the 90 and getting ready to come down. Not a good sign for a continued long. Good point.

The EUR/GBP I don't believe is ready. On H1 the 5MA is on the opposite side of the middle of the TMA. And if you look at the H4 the stochs have been coming down. Maybe a little later. I was thinking of setting it on the EA, but price has already crossed the middle of TMA and getting close to the 5MA on the wrong side. Maybe later it will retrace back down for a possible relook.

  • #989
  • Mar 16, 2011 9:39am Mar 16, 2011 9:39am
Quoting duffypratt
I hesitated mostly because you can't know how big your stop loss will be when you put on the EA. I ultimately want position sizes to be a percentage of my account. There was no way to figure that, and I got hung up on the difficulty.
Actually, the good news is, there is a way. With Steve's EA the actual stop is a trader-defined number of pips above/below the recent swing high/low using fractals. My method, unless I learn to understand fractals and trust it, is to use the highest high/lowest low of the last N bars (I'm using 10) +/- a number of pips, which is usually the same, and if it's further away, I probably don't want the trade. I found some code for percentage and modified the way it functions to allow either a percentage of either actual balance, or a trader-defined balance. Why would I use the latter? Because in my case I don't keep all of my trading funds in my account because I don't trust them, so I base my percentage on my total funds, both in the trading account and my savings. As long as I have the margin it works fine. I do this because a suggestion I read early in my Forex adventure recommended this because if you hit a run of losses you have to take the extra time and thought before adding more funds to your trading account.

I'm still tweaking the EA and currently it's not modified for an ECN broker but I will gladly share it when it's a little more refined.

Duffy or Sand or anyone else using Steve's EA: he has the auto EA set to look for a trade if price gets within 10 pips of the upper/lower TMA, however with an ATR range of 13 to 49 for different pairs, I'm thinking of using a percentage, maybe 1/3. Any suggestions with justification would be welcome.
  • #990
  • Mar 16, 2011 10:03am Mar 16, 2011 10:03am
Quoting ericjschroed
Duffy or Sand or anyone else using Steve's EA: he has the auto EA set to look for a trade if price gets within 10 pips of the upper/lower TMA, however with an ATR range of 13 to 49 for different pairs, I'm thinking of using a percentage, maybe 1/3. Any suggestions with justification would be welcome.
I like the idea of 1/3.. I've seen some good moves happen when price hasn't gone down or up to the TMA upper/lower. But then again testing would prove this out.

I've been letting the SL user defined points be default for now. I need to look at drawdown more and see how that's been affecting my account. But again, I'm using the MM that NB set. It's been good, but what about when there's many trades going bad at one time. Something to think about

  • #991
  • Mar 16, 2011 11:11am Mar 16, 2011 11:11am
Quoting makemillions
Guys, I also been having the same problem on the manual EA re-opening trades after closing the previous one. I am now using 0.5 of the swing as SL and TP with TMA line on the auto trader. Will report on the progress.
Hey, makemillions:

check the settings for the Criminals.. if you are on a 5 digit broker that needs to be set to 'true'. I'm on IBFX and have it set to true. The EA will not work correctly if that isn't set right.

But for right now I'm exclusively using the auto EA to see how that works out. So far so good.
  • #992
  • Mar 16, 2011 12:41pm Mar 16, 2011 12:41pm
Quoting ericjschroed
Actually, the good news is, there is a way....
I haven't looked at Steve's EA in a while. He started to code something that calculated lot sizes based on stop setting and percentage of account balance. But then he abandoned it. Are you saying that that functionality is now in Steve's EA? Or is it just something that you have built into the EA you are working on? (Yeah, maybe I should just check out his thread again and see if its there.)
  • #993
  • Mar 16, 2011 1:54pm Mar 16, 2011 1:54pm
As far as I know he never coded it. The options I use can easily be incorporated into Steve's EA and I may do that if mine doesn't give me the results I want.
  • #994
  • Mar 16, 2011 3:50pm Mar 16, 2011 3:50pm
Did you all stop trading during that japan crisis?
Or do you see some opportunities out of that.
  • #995
  • Edited 6:37pm Mar 16, 2011 6:00pm | Edited 6:37pm
Quoting Free99
Did you all stop trading during that japan crisis?
Or do you see some opportunities out of that.
I've been trading all along. I tended to avoid the JPY markets because of the quake, but things might be getting better. The past couple of days not a lot has been in a good setup according to this system.

I'd like to know why my EA didn't get me into ether trade of EUR/NZD or NZD/USD. I seemed to have missed out on around 157 pips.. mmm


Another one that wasn't good this morning so I didn't even consider setting the EA for was EUR/GBP. A little over 5 hours ago the 5MA moved down crossing the middle TMA. That's about when I was in my meetings.. I really hate meetings.. but that's something else my boss shouldn't know. LOL.

Any way.. at least I'm not out any money for today, so that's good.

  • #996
  • Edited 6:36pm Mar 16, 2011 6:35pm | Edited 6:36pm
Quoting duffypratt
I haven't looked at Steve's EA in a while. He started to code something that calculated lot sizes based on stop setting and percentage of account balance. But then he abandoned it. Are you saying that that functionality is now in Steve's EA? Or is it just something that you have built into the EA you are working on? (Yeah, maybe I should just check out his thread again and see if its there.)
Duffy,you gave so much to NB threads and now it's time to give you back something good

this is a piece of cake,an EA that calculates lots size accordingly to your risk %
simply move your stop line and you'll see
it's perfect

I'd like to send this to SteveHopwood but I ain't got any VOUCHER
maybe Steve will allow me to post in his threads if you send this EA for me

Quote
http://rapidshare.com/files/45291643...Calculator.ex4
Account deleted
  • #997
  • Mar 16, 2011 6:43pm Mar 16, 2011 6:43pm
Quoting SandFX
I've been trading all along. I tended to avoid the JPY markets because of the quake, but things might be getting better. The past couple of days not a lot has been in a good setup according to this system.

I'd like to know why my EA didn't get me into ether trade of EUR/NZD or NZD/USD. I seemed to have missed out on around 157 pips.....
yes
and my EA was sleeping here...USDCAD , perfect setup = NO TRADE

http://img196.imageshack.us/img196/7...easleeping.gif
Account deleted
  • #998
  • Mar 16, 2011 6:57pm Mar 16, 2011 6:57pm
EURUSD trade touched 5MA on a buy and then reversed, stopping me out. SandFX, I am using your set file. Is it better to have the TMA set to True on this instead of false? I just set up all charts my broker offers on demo, and I've got 2 trades already going south...
  • #999
  • Mar 16, 2011 7:34pm Mar 16, 2011 7:34pm
Quoting swissforex
yes
and my EA was sleeping here...USDCAD , perfect setup = NO TRADE

http://img196.imageshack.us/img196/7...easleeping.gif
Well, mine wasn't sleeping.. it was working, but at the beginning of the set up it wasn't quite right. The 5MA was right in the center or something like that and the trades weren't taken. I agree.. a little frustrating. I need to dig in and figure out why
  • #1,000
  • Mar 16, 2011 8:13pm Mar 16, 2011 8:13pm
Quoting SandFX
Well, mine wasn't sleeping.. it was working, but at the beginning of the set up it wasn't quite right. The 5MA was right in the center or something like that and the trades weren't taken. I agree.. a little frustrating. I need to dig in and figure out why
Yep.. It's definitely not asleep. The auto EA just got me into EUR/USD going long. Still looking at the reasons why it didn't get me in the others.
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