Nb 1.0 trend trade system | Page 54 | 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

  • #1,061
  • Mar 23, 2011 10:55pm Mar 23, 2011 10:55pm
I think I'm gonna make a bumper sticker. Instead of 'I'd rather be fishing'

I'D RATHER BE TRADING!
  • #1,062
  • Mar 24, 2011 9:21am Mar 24, 2011 9:21am
Quoting swissforex
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=
Very interesting how the week is turning out..

Thanks, Swissforex
  • #1,063
  • Mar 24, 2011 5:08pm Mar 24, 2011 5:08pm
I put the robot on last night, and the trades took this morning about 7am, finishing up around 10am...

Long CHFJPY +28.2 Pips
Long EURCAD +12.5 Pips

  • #1,064
  • Mar 24, 2011 5:09pm Mar 24, 2011 5:09pm
Anyone here doing the 4hr. charts???
  • #1,065
  • Mar 24, 2011 9:41pm Mar 24, 2011 9:41pm
Quoting Raindrops
Anyone here doing the 4hr. charts???

I am doing the 4hr on about 20 pairs. Still trying to find out about the optimal SL and TP.
Don't stop believing
  • #1,066
  • Mar 25, 2011 2:33pm Mar 25, 2011 2:33pm
Quoting Raindrops
Anyone here doing the 4hr. charts???
Hey, Raindrops:

I've been using the 4H charts for reference. When using the EAs I've been having more problems than the EA on the 1H that I've been using. Maybe it's me, but I have to take more time to figure those out even though there's less settings to put in, but they have put me into many more trades that shouldn't have. Meaning I've pulled the EA over to have it ready and it gets me into the trade right away. Not sure why. Still working on it. If anyone has any input into these EAs it would be greatly appreciated

  • #1,067
  • Mar 25, 2011 10:43pm Mar 25, 2011 10:43pm
I wanna start testing with these settings..

NB V1 Trend Auto Trading Robot by Steve Hopwood
Long trades only: EU, GU, Audusd, USDCHF
Short trades only: EJ, GJ, Audjpy, CHFJPY
Trade hours: 3 am - 1pm EST (London open - middle of US session)
MPTM default 15+3

The idea is to prevent over leveraging on one particular currency. I dont know how much setup will occur per week i guess we will see. Comments?
  • #1,068
  • Mar 25, 2011 11:50pm Mar 25, 2011 11:50pm
Quoting iezzzwan
I wanna start testing with these settings..

NB V1 Trend Auto Trading Robot by Steve Hopwood
Long trades only: EU, GU, Audusd, USDCHF
Short trades only: EJ, GJ, Audjpy, CHFJPY
Trade hours: 3 am - 1pm EST (London open - middle of US session)
MPTM default 15+3

The idea is to prevent over leveraging on one particular currency. I dont know how much setup will occur per week i guess we will see. Comments?
I have a question about your long and short bias. Is this because of some longer term trend, or some feeling about the fundamentals of the dollar and the yen?

Also, what will you do if you get simultaneous signals on the AU and the AJ? Seems to me that that might be a time when you would look into really shorting the UJ, but its not on your list.
  • #1,069
  • Edited 1:12am Mar 26, 2011 12:59am | Edited 1:12am
Quoting duffypratt
I have a question about your long and short bias. Is this because of some longer term trend, or some feeling about the fundamentals of the dollar and the yen?

Also, what will you do if you get simultaneous signals on the AU and the AJ? Seems to me that that might be a time when you would look into really shorting the UJ, but its not on your list.
My idea is I dont want to take more than 1 position of a currency so as to lesser my risk on one particular currency.
eg. if EURJPY, EURCAD and EURUSD signal a short setup simultaneously. I am only looking to short EURJPY. If there is a long setup for Euro, i am only looking to long EURUSD. I dont want to have 2 or more position of the same currency at any given time. USDJPY is not on the list coz i use Yen and Dollar as the base currency. I hope this make sense.
  • #1,070
  • Mar 27, 2011 10:02am Mar 27, 2011 10:02am
Hello Traders, this is a very interesting and informative thread. I've seen some great ideas here. Does anyone know where I can find a Stochastic of an ATR? I've searched FF & have been able to find one.

Thank you in advance for your help.
  • #1,071
  • Mar 27, 2011 9:58pm Mar 27, 2011 9:58pm
Not so bad of a week. I was down 183 pips. Being that most of the time I've been trading this system I've been doing well, it was a matter of time for a bad week to come along.

Really excited about the upcoming week. Remember, everyone, it's the Non-Farm Payroll Friday this coming Friday. I call it the 'Non-Farm Egg-roll'. I don't think I'm gonna be trading on Friday.

I just got home from work. My weekend to work. I love being in management.. LOL! I'm exhausted!! So, I did my 5 min of research and I've set Steve's Auto EA on 5 markets. USD/CAD, GBP/CHF, EUR/GBP, EUR/USD, EUR/JPY. I'll look again in the wee-early morning before I'm off to work again.

Nite

  • #1,072
  • Mar 27, 2011 10:42pm Mar 27, 2011 10:42pm
Quoting SandFX
Hey, Raindrops:

I've been using the 4H charts for reference. When using the EAs I've been having more problems than the EA on the 1H that I've been using. Maybe it's me, but I have to take more time to figure those out even though there's less settings to put in, but they have put me into many more trades that shouldn't have. Meaning I've pulled the EA over to have it ready and it gets me into the trade right away. Not sure why. Still working on it. If anyone has any input into these EAs it would be greatly appreciated

Hi SandFX. So in your trading you are using the 1.0 system and checking your pairs at the beginning of each major session... (hoPe I got that correct). Which pairs are you trading?
  • #1,073
  • Mar 27, 2011 10:51pm Mar 27, 2011 10:51pm
Quoting elvadod
Hello Traders, this is a very interesting and informative thread. I've seen some great ideas here. Does anyone know where I can find a Stochastic of an ATR? I've searched FF & have been able to find one.

Thank you in advance for your help.
How about, apply ATR to chart, apply Stochastic to ATR?

Is that what you mean?
Attached Image (click to enlarge)
Click to Enlarge Name: atr_stoch.jpg Size: 72 KB
Canadian by birth Australian by choice
  • #1,074
  • Edited 7:57pm Mar 28, 2011 7:41pm | Edited 7:57pm
Quoting maestrodforex
Hi SandFX. So in your trading you are using the 1.0 system and checking your pairs at the beginning of each major session... (hoPe I got that correct). Which pairs are you trading?
Yep.. basically, that's what I'm doing. That's mainly because I have to work & I refuse to sit in front of a computer screen on the lower TFs for hours at a time waiting for some kind of exciting move in the market that will make me lots of money!! This system allows me to take literally '5 minutes' at the beginning of each session and make my decisions. Then just wait for what happens. When you have a good system in place, there's no worries. I peak in a few times from work to see how things are going and thats about it. I will never go back to trading like I used to. This is it, baby!!

ok.. here's the list of markets I'm looking at currently. You can download the list from NB as well. He explains the volatility of each market. This list could change, but this is it for now...

AUD/USD, AUD/JPY, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/JPY, EUR/NZD, EUR/USD, EUR/GBP, GBP/CAD, GBP/CHF, GBP/NZD, GBP/USD, NZD/JPY, NZD/USD, USD/CHF, USD/CAD, USD/JPY
  • #1,075
  • Mar 28, 2011 8:14pm Mar 28, 2011 8:14pm
Well.. Good news.. I've made 86 pips today! Just a little bit more and I'll be caught up.

I love this system!!

  • #1,076
  • Mar 28, 2011 11:44pm Mar 28, 2011 11:44pm
It's about 9:30 pm my time and I did my grueling '5 minutes' of research again. Wow!! I think I'm gonna have a heart attack from all the research I have to do with this system! LOL..

Anyway.. Here's what I've set the EA on...

NZD/USD
USD/CAD
NZD/JPY
NZD/CHF
GBP/NZD
GBP/JPY
GBP/CHF
EUR/GBP
EUR/NZD
EUR/JPY
EUR/CHF
EUR/AUD
AUD/USD

That's 13 markets. Let's see how things go and I'll post pics. Clean ones of course..

  • #1,077
  • Mar 29, 2011 10:58am Mar 29, 2011 10:58am
My day off of work today because I worked the weekend. If I have a chance to sleep in a little I do. And it's even better when I know I have such a good system working the trades for me while I sleep. No worries!!

Over night I did 91 pips. Very nice, thank you very much. I took myself out of the EUR/AUD early this morning and I don't remember why. I should have left it alone because as I found out later that it would have been a good trade.

I've made some changes to my .set file that I've been testing that I like very much. I have a lot to do today so I'll post more later.

Attached Image (click to enlarge)
Click to Enlarge Name: 3-29-11.jpg Size: 503 KB
  • #1,078
  • Mar 29, 2011 1:03pm Mar 29, 2011 1:03pm
Hey Bob and other Forex traders. Loving the new system from what I can see. Havent made any trades as of yet but will very soon. Does anybody else think GBP/JPY is getting close. Would you guys take this trade if PA falls back through the MA5? Not too sure because the TMA is starting to curve back up like it may cross. Opinions?
Attached Image (click to enlarge)
Click to Enlarge Name: beast.gif Size: 28 KB
  • #1,079
  • Mar 29, 2011 1:19pm Mar 29, 2011 1:19pm
Quoting ninreznor
Hey Bob and other Forex traders. Loving the new system from what I can see. Havent made any trades as of yet but will very soon. Does anybody else think GBP/JPY is getting close. Would you guys take this trade if PA falls back through the MA5? Not too sure because the TMA is starting to curve back up like it may cross. Opinions?
I call this market the 'Widowmaker' because I've had a few whipsaws with it. If you look back at it's history you can see how it moves back and forth over and under the 240. It doesn't stay very long in one direction lately. Also, if you look at the H4 with NBs 1.0 template you can see the Stochs both above the 90 looking like they are ready for coming down.

For me it's so close to the 240 that I don't want to consider it for a while till it makes up it's mind. I set my EA for it yesterday to go short. It got me in but the MPTM took over and price retraced and locked me in for a profit of 3 pips. So, that means it started to go south, but then reversed. To me it's been making lower lows and lower highs recently for a downward trend. But who knows. I'm staying away for a while on that one.
  • #1,080
  • Mar 29, 2011 1:48pm Mar 29, 2011 1:48pm
The Snowman,

Thanks for your help. I've already tried that. That just overlays one indicator on top of the other. I'm actually looking for a way to actually have the Stochastic "Applied To" the ATR. This is similar to the choice you get when applying an MA to the chart.

Again, thanks for your help.
0 traders viewing now