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Nb 1.0 trend trade system

  • #1,021
  • Edited 6:25pm Mar 18, 2011 6:24pm | Edited 6:25pm
Hi there

log off from my Platform all the day

I'll restart testing Ea on Monday

3 comments:

1-I'm with you SandFx,I'll change the settings on the MPTM on Steve's Auto EA to 25-3.I noticed too many homeruns closed too much early..And I'm thinkin' about Duffy backtests, cut the losses and let the winners run for this NB TrendTrading system

2-
Quote
I guess that .2 of a pip was just too much for those SL hunters... ON THE DEMO SERVER EVEN ..
this could be a suggestion for Steve,maybe a stealth code is needed?I know Steve will HATE me for this

3-
Quote
Trading like this kinda, with this system, makes me think of how Kirk beat the Kobayashi Maru test.
No comment about it,you are my brother SandFx.

ok,that's enough
cya on Monday,have a nice weekend

Maybe we could ask Lieutenant Commander Data to trade our Accounts

Account deleted
  • #1,022
  • Mar 19, 2011 1:14am Mar 19, 2011 1:14am
Quoting Freddyfx
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?
This is an easy theory to prove or disprove. Just check the weekly charts and if you see lots of tails from sell offs on Fridays then you know it is true. If the candle remains full bodied then it is not. You can check this out for yourself. Good point. I usually like to finish my positions off on Fridays if I can but I basically dont enter any more trades after the USA open on Fridays.
  • #1,023
  • Mar 19, 2011 4:55am Mar 19, 2011 4:55am
Quoting nanningbob
This is an easy theory to prove or disprove. Just check the weekly charts and if you see lots of tails from sell offs on Fridays then you know it is true. If the candle remains full bodied then it is not. You can check this out for yourself. Good point. I usually like to finish my positions off on Fridays if I can but I basically dont enter any more trades after the USA open on Fridays.
That is amazing bob, are you now trading the H4 exclusively live?
Don't stop believing
  • #1,024
  • Mar 19, 2011 9:18pm Mar 19, 2011 9:18pm
Quoting makemillions
That is amazing bob, are you now trading the H4 exclusively live?
Yeah I am a 4H guy. It fits my schedule perfectly at 8 am I can set my trades before going to school. At 12 I am at lunch. At 4 school is out and I can check my trades. At 8 I am done eating and relaxing for the evening most nights and if I stay up late I can catch the 12 midnight candle. It just fits my schedule perfectly. I can set my EAs every 4H and walk away and know I can be there 4 hours later to check on them. I use the MPTM to protect my trades also.

I like the 1H but I was missing too many trades and TP because I am not around the computer enough to trade the 1H candles. Funny I would develop a system and then not use it much. I do refer to it some but its every 4 or 8 hours.
  • #1,025
  • Mar 19, 2011 9:34pm Mar 19, 2011 9:34pm
I used the MPTM set at 15 +3 for four weeks straight on a demo account. I used a 4H chart and did trades as they crossed the 8MA smoothed and 60 MA smoothed. There were around 120 trades taken. 90% closed for profit. 2/3 of them were the +3 of the MPTM. 1/3 were for more than 20 pips with the largest being over 200. All negative trades, 12 of them, I used a 2nd level and broke back to even by recrossing the 8 or 60 MA. I dropped the JPY pairs after the earthquake because I knew the would skew my results. I still have 8 open trades running in the negative, only 1 has a 2nd level. So testing the 15+3 MPTM resulted in 2/3 of the trades being closed at +3. Tradeing one or two pennies on a 3000 dollar demo account resulted in almost a 1% increase of the account. If I had traded dimes it would have been closer to 10%. Draw down was very light since many of the trades were not allowed to go into the negative. That is my test of MPTM 15+3. Little DD but also many potential profitable trades closed too early. Choose your poison.
  • #1,026
  • Mar 19, 2011 9:58pm Mar 19, 2011 9:58pm
Quoting nanningbob
I used the MPTM set at 15 +3 for four weeks straight on a demo account. I used a 4H chart and did trades as they crossed the 8MA smoothed and 60 MA smoothed. There were around 120 trades taken. 90% closed for profit. 2/3 of them were the +3 of the MPTM. 1/3 were for more than 20 pips with the largest being over 200. All negative trades, 12 of them, I used a 2nd level and broke back to even by recrossing the 8 or 60 MA. I dropped the JPY pairs after the earthquake because I knew the would skew my results. I still have 8 open trades running in the...
Thanks for the test results that is fantastic results, when you said 2nd level for the negative trade are you talking about recovery trade? I search through the posts and could not find what it meant.
Don't stop believing
  • #1,027
  • Mar 19, 2011 10:21pm Mar 19, 2011 10:21pm
Quoting makemillions
Thanks for the test results that is fantastic results, when you said 2nd level for the negative trade are you talking about recovery trade? I search through the posts and could not find what it meant.
The recovery trade is taught in my 5.0 countertrade system. I posted these results in both threads.
  • #1,028
  • Mar 19, 2011 10:50pm Mar 19, 2011 10:50pm
Quoting nanningbob
I used the MPTM set at 15 +3 for four weeks straight on a demo account. I used a 4H chart and did trades as they crossed the 8MA smoothed and 60 MA smoothed. There were around 120 trades taken. 90% closed for profit. 2/3 of them were the +3 of the MPTM. 1/3 were for more than 20 pips with the largest being over 200. All negative trades, 12 of them, I used a 2nd level and broke back to even by recrossing the 8 or 60 MA. I dropped the JPY pairs after the earthquake because I knew the would skew my results. I still have 8 open trades running in...
NB.. I love your system. In all my years of trading I have never experienced such consistent positive results. I am so thankful that you have shared all your hard research and testing with us. I've decided that I'm gonna trade the H1 and H4 to compare the two. Your results have really inspired me and I'm putting forth a great effort on this system. You have re-invigorated me and I'm not letting this pass.

I've been enjoying my weekend a lot!! I am sad there's no trading right now, but it will be here soon enough. I'll let everyone know how my trades went from yesterday when I get back into town. Hope everyone did well

  • #1,029
  • Mar 20, 2011 6:27am Mar 20, 2011 6:27am
Hi

just read this important Post from DailyMarkets.com
It's a good advice,I'll post it here for you and on 2 other threads
sorry for posting the same advice on 3 different threads,I will not do this anymore,but I wanna just keep all my friends updated.
The next week will be tricky !!

so be prudent=

Quote
The G-7 Forex Intervention Is A Perfect Example Of How Manipulated The Global Currency Market Really Is

By Michael Snyder on March 20, 2011


What do governments and central banks do when they don’t like what is happening in the financial markets?...
Account deleted
  • #1,030
  • Edited 1:39pm Mar 20, 2011 1:05pm | Edited 1:39pm
Here are the results from my trading after I set up NB's Manual system, and using it with the MPTM 15+2, using a jump stop loss of +20:

Currency / # Pips:
AUSJPY +20
EURCAD +2
GBPUSD +2
GPBCHF +20
USDCAD +2
GBPAUD +2
GBPCHF +2
AUDCHF +2
USDJPY +2.2
NZDJPY +2
AUDJYN +2
CHFJPY +2
GPBCAD +2

2 of my trades were still open at the close of the market on Friday, NZDJPY and GBPAUD.

SandFX, I thought we both would have made money on the USDCAD, but I see later that it got stopped out, and we only made 2 pips... I like the idea of changing the BEP to 25 (my husband suggested that, too), and I'll test with you and the others and report my results. That would have been a nice 56 pip trade if it had closed at the red TMA.

What are people using for a stop loss, if anything?

Thanks!
  • #1,031
  • Edited 4:35pm Mar 20, 2011 3:57pm | Edited 4:35pm
Quoting Raindrops
Here are the results from my trading after I set up NB's Manual system, and using it with the MPTM 15+2, using a jump stop loss of +20:

Currency / # Pips:
AUSJPY +20
EURCAD +2
GBPUSD +2
GPBCHF +20
USDCAD +2
GBPAUD +2
GBPCHF +2
AUDCHF +2
USDJPY +2.2
NZDJPY +2
AUDJYN +2
CHFJPY +2
GPBCAD +2

2 of my trades were still open at the close of the market on Friday, NZDJPY and GBPAUD.

SandFX, I thought we both would have made money on the USDCAD, but I see later that it got stopped out, and we only made 2 pips... I like the idea of...
WOW, Raindrops!!.. Nice job. You did better then me. I was in another market that did neg, but I came out positive overall. Just about 20 pips less then you.

One trade hit me hard but after looking at the H1 and the H4 I can see it was just the risk you take when trading. At 7:00 on the H1 price crossed the 5MA on the correct side of the TMA and the EA took me out at the TP on the other side of the TMA for a nice 68 pip profit. BEAUTIFUL!! BUT.... later when price retraced back and then crossed down over the 5MA again, it got me in and then didn't go in my direction. The EA got me out at my SL for a neg -74 pips. Well, when I look at the H4 price did the same thing. If I had been using the EA for the H4 it would have put me in the market going short as well, but later on that same bar it crossed both MAs going long. Interesting... Maybe I should have been looking at how close price was to the 240... AND HOW PRICE AND TMA WAS MOVING TOWARDS THE 240!!.. That's one of the STUPID MISTAKES.. I guess I'll learn someday. I still need to determine how close is too close.

Also... I have six trades still open from Friday. One is neg for -23 pips. The rest are all positive for a +159 pips. Now, I can't wait for the usual big, huge gaps that usually happen at the opening of the markets!! Hope those still stay positive.

Well... I'm gonna go do some Yoga to calm my mind and get ready for tonight. There's a lot of concentration to do.. A WHOLE 5 MINUTES WORTH!!! I need to be ready for it.
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  • #1,032
  • Edited 7:01pm Mar 20, 2011 5:25pm | Edited 7:01pm
NB:

Figuring out your Stoch/MACD on your H4 chart. How would you rate this, Long or Short or hold. Should you wait for the the stoch lines and the MACD line to be above the 90 before considering a trade? The 8MA is below the 60MA, so I know I'm looking for shorts, but that darn MACD is confusing me...

I can tell from hours before that it was in an optimal position with the Stoch lines below the 10 and the MACD close to the 10, but that would be a counter trend. Just wondering how you would treat this current configuration?
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  • #1,033
  • Mar 20, 2011 10:57pm Mar 20, 2011 10:57pm
Well, I've done my research... 6 minutes this time.. I know.. I'm a little disappointed too . Looking at the H4 a little more intently.

I've set the auto EA on CAD/JPY, EUR/AUD, EUR/NZD, GBP/CHF, GBP/NZD

I'll post my results in the morning... good or bad. I've increased the MPTM to 25-3. Trying to see if that's a good idea or not. So, Raindrop.. let me know how you fair as well..

I'm off to dreamland..

Nite, Good luck with the trades
  • #1,034
  • Mar 21, 2011 3:36am Mar 21, 2011 3:36am
Quoting SandFX
Well, I've done my research... 6 minutes this time.. I know.. I'm a little disappointed too . Looking at the H4 a little more intently.

I've set the auto EA on CAD/JPY, EUR/AUD, EUR/NZD, GBP/CHF, GBP/NZD

I'll post my results in the morning... good or bad. I've increased the MPTM to 25-3. Trying to see if that's a good idea or not. So, Raindrop.. let me know how you fair as well..

I'm off to dreamland..

Nite, Good luck with the trades
If you increase your risk you should increase your reward. I would put a +10 or +15 tp to help make up for the increased risk.
  • #1,035
  • Mar 21, 2011 11:12am Mar 21, 2011 11:12am
Here are the results of the Sunday night trades using MPTM 20BE +5BEP, JSL 25, NB's EA on 1HR TF:

AUSJPY -6
GBPJPY +5
NZDJPY -2.4
AUSCHF -29.5
EURNZD -31
EURJPY +4.1
EURGPB -2.8
GPBNZD -107
GBPCAD +5
EURCAD +70
AUSNZD 0
EURUSD -33

Total -135.6 pips

I'll wait to see results from others...

SandFX - are you using NB's EA or Steve Hopwood's EA? Or both?
  • #1,036
  • Mar 21, 2011 12:59pm Mar 21, 2011 12:59pm
Quoting Raindrops
Here are the results of the Sunday night trades using MPTM 20BE +5BEP, JSL 25, NB's EA on 1HR TF:
Hi Raindrops - thanks for sharing. But I have a small favor to ask - would you mind noting whether your entries were L or S in the future? Just looking at your first three trades ... A/J, G/J, and N/J, I couldn't determine whether you were taking counter trend shorts, or very questionable longs, per the methods.

Thanks, and please take no offense - I'm just trying to benefit from the efforts of others

Regards ... meph
  • #1,037
  • Mar 21, 2011 1:45pm Mar 21, 2011 1:45pm
Quoting SandFX
I've set the auto EA on CAD/JPY, EUR/AUD, EUR/NZD, GBP/CHF, GBP/NZD

I'll post my results in the morning... good or bad. I've increased the MPTM to 25-3. Trying to see if that's a good idea or not.
Looks like you got a few good entries. I told you I am using a percent of the ATR for entry trigger and I think I'll do the same for the BE, such as, 1/2 the ATR which varies between 15 and 30 something for most pairs except the EurGbp would be 7! And maybe 1/5 of that for the profit, that is, 15/3, 25/5, 30/6, like that. I just think it makes more sense. And I'm going to have to allow for converging TMA since I didn't get any of your trades today with my EA.
  • #1,038
  • Edited 11:04pm Mar 21, 2011 2:47pm | Edited 11:04pm
Quoting Raindrops
Here are the results of the Sunday night trades using MPTM 20BE +5BEP, JSL 25, NB's EA on 1HR TF:


I'll wait to see results from others...

SandFX - are you using NB's EA or Steve Hopwood's EA? Or both?
Raindrops..

I'm using Steve's EA (auto). I was gonna set up my other computer to use NBs H4 EA but I don't have that working yet.

Internet has been down at my work all morning till just now. So, I remoted to home and found the EA had put me in EUR/AUD long.. I'm at 16 pips profit right now. It also put me into CAD/JPY and it's at 3 pips profit now.

We'll see how it turns out..

  • #1,039
  • Edited 5:13pm Mar 21, 2011 5:13pm | Edited 5:13pm
Ok

not a good trading day for NB V1 trend

But as I said in my previous post, I would not take this week results seriously.
Market is driven by sentiment <>fundamentals in this period,and it is absolutely unpredictable

In this period would be better to stop the EA,and trade manually only the perfect setups.

I closed all Jpy pairs ,but I forgot to remove EA from GBPJPY chart

WARNING FOR THE NEWBIES: DO NOT JUDGE NB V1EA FROM THIS RESULT

My trades are for testing purposes for this week

DEMO Results:

http://img543.imageshack.us/img543/8638/snapshot.gif
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  • #1,040
  • Mar 21, 2011 7:25pm Mar 21, 2011 7:25pm
Quoting swissforex
Ok

not a good trading day for NB V1 trend

But as I said in my previous post, I would not take this week results seriously.
Market is driven by sentiment <>fundamentals in this period,and it is absolutely unpredictable

In this period would be better to stop the EA,and trade manually only the perfect setups.

I closed all Jpy pairs ,but I forgot to remove EA from GBPJPY chart

WARNING FOR THE NEWBIES: DO NOT JUDGE NB V1EA FROM THIS RESULT

My trades are for testing purposes for this week

DEMO Results:
I think I would have to agree with you Swissforex. And take a look at this. I've never had this happen on an EA..

But, I need to seriously double think about this week and even the changes to the MPTM that I made. I may be switching back to the 15-3.

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