Nb 1.0 trend trade system | Page 51 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Are you a trend trader or a counter-trend trader? 29 replies

What does it mean to trade with the trend - Define trend? 47 replies

Trading System - Trade with the Trend 5 replies

Multis-trend trade EA for scalp on short trend 27 replies

Would you trade this system? New system #2. 10 replies

Attachments: Nb 1.0 trend trade system
Exit Attachments

Nb 1.0 trend trade system

  • #1,001
  • Mar 16, 2011 9:04pm Mar 16, 2011 9:04pm
Quoting SandFX
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.

Thanks Sandfx, yes I am on IBFX also and had set the criminal to true, I just do not know why sometimes the manual trader opens trade even when suspended. I am on the auto trader now.
Don't stop believing
  • #1,002
  • Mar 16, 2011 9:47pm Mar 16, 2011 9:47pm
BTW anyone traded the yen and swiss pairs yesterday? nasty 300 pip candles on UJ, GJ, UC, EJ etc which I think auto trader would had caught. What a roller coaster ride.
Don't stop believing
  • #1,003
  • Mar 16, 2011 11:53pm Mar 16, 2011 11:53pm
Quoting makemillions
BTW anyone traded the yen and swiss pairs yesterday? nasty 300 pip candles on UJ, GJ, UC, EJ etc which I think auto trader would had caught. What a roller coaster ride.
I think only 1 would have made profit but none would have caught the whole 300. With this system you have to accept smaller, hopefully consistent profits, not home runs.
  • #1,004
  • Mar 17, 2011 3:37am Mar 17, 2011 3:37am
Quoting ericjschroed
I think only 1 would have made profit but none would have caught the whole 300. With this system you have to accept smaller, hopefully consistent profits, not home runs.

Yes very true especially in these turbulent times for forex
Don't stop believing
  • #1,005
  • Mar 17, 2011 7:03am Mar 17, 2011 7:03am
Quoting makemillions
Yes very true especially in these turbulent times for forex
The EUR/USD trade worked out well for me while I slept. 78 pips on that. makes the total for the week 190. Could have been 366 if those 2 trades had kicked in.

I've set my EA on GBP/USD and USD/CAD. Lets see how this works out. I may end up adjusting the MPTM settings.

Have a good day. Off to my JOB
  • #1,006
  • Mar 17, 2011 8:40am Mar 17, 2011 8:40am
Quoting Raindrops
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...
My understanding of the TMA True is that it works well with backtesting, but not well with actual trading. I tried the TMA True for a short while and wasn't liking the results, so I switched to the TMA. I noticed that when I was using the True I wouoldn't be in any trades for quite a while, but the very same markets would have me in if I was using the TMA. Try it both ways and see how it works.

I'm thinking of changing the settings on the MPTM on Steve's Auto EA to 25-3. I've had quite a few markets stop me out on the SL with 3 pips profit and loose out on large amounts of pips. I love that I haven't gotten stopped out with neg.. but with the MM I can withstand a pull back for a while. None of those trades were substancial pullbacks. I could have stayed in and got the rest of the profit. But positive pips are better than negative pips.
  • #1,007
  • Mar 17, 2011 11:34am Mar 17, 2011 11:34am
Quoting SandFX


My understanding of the TMA True is that it works well with backtesting, but not well with actual trading. I tried the TMA True for a short while and wasn't liking the results, so I switched to the TMA. I noticed that when I was using the True I wouoldn't be in any trades for quite a while, but the very same markets would have me in if I was using the TMA. Try it both ways and see how it works.
The reading for the bands and the centerline should be the same for both TMA and TMA True at the close of any individual bar in real time. The TMA True keeps the lines in place as the chart moves forward in time. The TMA indicator smooths them out.

There are a couple of ways that this difference could have an impact on trading. If you make a decision to get into the trade before price crosses the bands, then that decision could be different, because the shape of the bands differ. Also, if you are making a judgment on the relation of the 5 to the center band, then that too might vary. I would think that the differences should be pretty minor. The best way to check, I think, would be to put the other one on when you decide to get into a trade, and see if it would make any difference.
  • #1,008
  • Mar 17, 2011 12:28pm Mar 17, 2011 12:28pm
Hi SandFX!

I am having some settings problems I hope you can help me with.

The auto EA entered the very same EURUSD trade that you made 78 pips on, but I only closed out with 1.7 pips. The EA entered at 1.40034, and the TP, colored green, was 1.40051. With my 5 digit crim, how do I rectify this? Do I add a "0" on to each number that I enter in the settings?

From reading the thread, I can see that this system has significant potential, however, if you don't have the right settings, you get the results I am getting... 1.7 pips is nice, but I like 78 pips a lot better!

I decided that maybe I needed to do the manual trading with NB's EAs instead to see if maybe those will work better. I entered the same 2 trades that you did this morning, so we'll see what happens with those.

I am determined to make this work!
PS: I am on demo.
  • #1,009
  • Mar 17, 2011 3:10pm Mar 17, 2011 3:10pm
Quoting SandFX
I tried the TMA True for a short while and wasn't liking the results, so I switched to the TMA. I noticed that when I was using the True I wouoldn't be in any trades for quite a while, but the very same markets would have me in if I was using the TMA.
Also note that Steve's EA uses LWMA, not TMA for the calculation so it doesn't matter which one you're using unless you're entering trades manually.

My soapbox here: lose, losing, and loser(s) only have one 'o', not 2. Maybe we should just focus on the winners
  • #1,010
  • Mar 17, 2011 3:20pm Mar 17, 2011 3:20pm
Quoting Raindrops
The EA entered at 1.40034, and the TP, colored green, was 1.40051. With my 5 digit crim, how do I rectify this? Do I add a "0" on to each number that I enter in the settings?

maybe I needed to do the manual trading with NB's EAs instead to see if maybe those will work better.
Steve's EA is quite complicated and usually he covers the different digit brokers but you may have to add the '0' for that. I just checked his EA and it should correct for 5 or 6 digit brokers. Not sure why your stop is wrong. NB's also make the correction.
  • #1,011
  • Mar 17, 2011 4:58pm Mar 17, 2011 4:58pm
Just reloaded all my charts again, taking off the TMA True and TMA template, and just using the TMA along with the 1.0 Trend template. Hopefully this will make some kind of difference.

Loaded one MT4 with the NB's manual ea, and another with Steve's ea... I missed some trades yesterday that I thought Steve's ea should have taken, so we'll see what happens. I'll post my results tomorrow afternoon.

I just checked the USACAD, and I'm sure, SandFX, that you'll be happy with your pip results! Since I reloaded my charts, I took off all of the trades.

Eric, I forgot about Steve's LWMA instead of the TMA, thanks for reminding me...
  • #1,012
  • Mar 17, 2011 5:23pm Mar 17, 2011 5:23pm
I posted the beginning of a hedge strategy in case your interested. Pg. 264 of my 5.0 system. If you hedged some trades to get out of trouble for now you maybe interested about when to get out and undo the hedge.
  • #1,013
  • Mar 17, 2011 9:34pm Mar 17, 2011 9:34pm
Quoting SandFX
I like the idea of 1/3..
I'm still testing but realize that the TMA is 2ATR so 1/3 ATR is only 1/6 the distance. It seems maybe 1/2 ATR or 1/3 of the 2ATR (67%ATR) might be better because price rarely gets that close to the TMA in real time. (sorry for the math class.) Obviously, I'm trying to automate it and maybe that's why Steve's EA didn't trigger for you because it was more than 10 pips from price to TMA outer.
  • #1,014
  • Mar 17, 2011 10:51pm Mar 17, 2011 10:51pm
Quoting SandFX
I'm thinking of changing the settings on the MPTM on Steve's Auto EA to 25-3. I've had quite a few markets stop me out on the SL with 3 pips profit and loose out on large amounts of pips.
On this same note, I'm thinking about using a percentage for the BE not a fixed amount since so many pairs have different ranges. Let me know what you think.
  • #1,015
  • Edited 11:41pm Mar 17, 2011 10:53pm | Edited 11:41pm
Quoting ericjschroed
I'm still testing but realize that the TMA is 2ATR so 1/3 ATR is only 1/6 the distance. It seems maybe 1/2 ATR or 1/3 of the 2ATR (67%ATR) might be better because price rarely gets that close to the TMA in real time. (sorry for the math class.) Obviously, I'm trying to automate it and maybe that's why Steve's EA didn't trigger for you because it was more than 10 pips from price to TMA outer.
Hey, Eric:

I'm glad to know you and duffy and Swissforex and everyone else are here with good brains to help us out. I guess you have to go into the code to set that ATR. I couldn't find any setting for it on the GUI. I'll look harder.

I decided to try moving the MPTM to 25-3.. mmm... The EA got me in on GBP/USD.. went to 24.8 and then retraced.. I HAVE A LOSS!!! I also moved the SL to give some more room, but that didn't help any ether.. LOL. -51.3. I guess that .2 of a pip was just too much for those SL hunters... ON THE DEMO SERVER EVEN .. LOL I just find it so funny I was trying to give some room for profit and it misses the mark by that much. I should do some more testing on it, but maybe I'll just go back to the 15-3.

Anyway.. I set the USD/CAD with the EA hoping that some time while I was away that the proper setup would happen. It never did. Looking for long on that one because the TMA is above the 240. Would have been a nice counter trend though.

I'm liking the setups that are happening now. I have my EA set on 14 markets right now. I'm still seeing how the 25-3 will work out. Not sure if that's a good move or not. We'll see

Night--
  • #1,016
  • Edited 11:39pm Mar 17, 2011 11:04pm | Edited 11:39pm
Quoting Raindrops
Just reloaded all my charts again, taking off the TMA True and TMA template, and just using the TMA along with the 1.0 Trend template....
Sorry, guys.. just finished watching Star Trek with my son. I know, I'm wierd, but I really liked that last movie. Trading like this kinda, with this system, makes me think of how Kirk beat the Kobayashi Maru test. .. Illogical

Raindrops.. I'm interested in seeing your results tomorrow. Hope it all goes well.

Good Trading
  • #1,017
  • Mar 18, 2011 12:17am Mar 18, 2011 12:17am
Quoting ericjschroed
On this same note, I'm thinking about using a percentage for the BE not a fixed amount since so many pairs have different ranges. Let me know what you think.
Using percentages.. mmm.. I think that would be interesting to see. Would you have a different percentage per market and therefore a different .set file for each market? Since, like you said so many pairs have different ranges. It just might help in getting in the markets that are missing right now.
  • #1,018
  • Mar 18, 2011 9:53am Mar 18, 2011 9:53am
Not different .set files, just another option whether to use fixed BE or percent like my equity options shown below.

WOW! Are the markets crazy or what? I get up this morning and nearly every market is set up. As it goes, I got into 2 BEs and 1 loss with 2 losing trades on now and the trades that would be profitable, I'm not in.

I know one trader who doesn't even trade on Fridays...
Attached Image
  • #1,019
  • Mar 18, 2011 11:57am Mar 18, 2011 11:57am
Then now you know another one,

A Dutch banker once told me that on Fridays his traders are not allowed to take on any new positions. Experience has taught him that profits made during the week are very often given back on Fridays.

Who am I to correct one of the Big Boys?
  • #1,020
  • Mar 18, 2011 6:07pm Mar 18, 2011 6:07pm
Hi all,

I want to add my two cents worth to this excellent thread, that I just
happened upon some days ago. I really like what NB, and Steve, have come
up with here.
I've added a modified bands indi to the chart, to signal when short term bands
start to expand, indicating distribution on the move. In this case 16 period / 1.25 std. dev. When it comes on, I check for confluence with 4h chart, and if
there is, I trade . Input 1 instead of 2 in "Signal" option, and you have a place to put your stop as well.

Have a great weekend guys!
Attached Image (click to enlarge)
Click to Enlarge Name: e-u.jpg Size: 102 KB
Attached File(s)
File Type: mq4 BBTrendManager.mq4   6 KB | 568 downloads
0 traders viewing now