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Nb 1.0 trend trade system

  • #1,181
  • Apr 27, 2011 7:21pm Apr 27, 2011 7:21pm
Quoting bookstore
I currently using this with 15+3 protection system for 4 weeks.
However, I'm struggling should I stop using 15+3. As I get high win rate. But lose in terms of $$$
Well this is just my opinion and I certainly don't mean to be negative about whoever wrote that program when I say that I would like something better. I don't like any arbitrary take profit or stop loss program that's just based on a certain number of pips. I think you have to let the chart tell you when to to enter AND exit. I have had a lot of winning trades that went positive by more than 15 then negative then positive by 40 or 50 pips....so I don't like it. Having said all that I might start using when I absolutely have to walk away for a few hours just because I don't see anything else worth using.
  • #1,182
  • Apr 27, 2011 7:32pm Apr 27, 2011 7:32pm
Tired...needed to go to bed. Closed the trade. Soon as I did it went in my favor another 20 pips. I really need to find a TP & SL program if I'm going to continue to trade the 1-hour chart.
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  • #1,183
  • Apr 27, 2011 7:42pm Apr 27, 2011 7:42pm
Positives...

High on the sixths.
Mashki has already turned red.
Resistance of the 240.
Top line of TMA penetrated.
5x5 is high above the middle TMA.
Separation from the BB.
CCI moving down on the slow and the zero line.
Swiss army histo's red on both weekly's.

Negatives...

TMA sloping up


Can't stay up for this...good night.
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  • #1,184
  • Apr 27, 2011 7:43pm Apr 27, 2011 7:43pm
Quoting bookstore
I currently using this with 15+3 protection system for 4 weeks.
However, I'm struggling should I stop using 15+3. As I get high win rate. But lose in terms of $$$
There are lots of ways to manage your trades. This system trades with the trend and that means that it will likely do best if you cut your losers off quickly and let your winners run. The 15+3 system is almost guaranteed to choke off potential winners.

I tested this system in two ways that both seemed profitable. The first was to take profit when price hit the opposite TMA band. In those tests, there was no middle path: it was either a full stop loss or a full take profit. That did pretty well.

The other variation I tested would move to break even when price hit the opposite band. Then the trade would close when price came back to the first band. (On a long that means that the trade would close when price came back to the lowest TMA band.) That method guarantees giving up a bunch of pips at the end of the trade, but ends up being more profitable overall.

Human nature tempts us to hold on to losing trades in the hope that they will come back to break even or better. And it makes us dump trades that are profitable because we fear that they might turn into losers. Both instincts are simply wrong, and they lead to failure for many traders. The trick is to learn to be afraid of a losing trade getting worse, and to become hopeful that a winning trade will turn into a home run. That's much easier to say that it is to do.
  • #1,185
  • Apr 27, 2011 10:19pm Apr 27, 2011 10:19pm
In my tests the conclusion was pretty simple. I would not recommend using the 15 +3 in a trend following system. It is really more useful in a counter trend system. The banks (I know the brokers get the blame) love to spike price to get the best spot for their trades in when they think price is going to move. This will take out SL and Moving SL and forces everyone to jump in after them. Just good business for them.
  • #1,186
  • Apr 27, 2011 11:53pm Apr 27, 2011 11:53pm
Quoting greglegrande
I'm having trouble with the take profit blank. I'm running it as a template but it doesn't seem to be working. Also, entered the Usd/Chf trade. Up about 10 pips so far.
I personally dont think there is such a thing. Profit is really based on the strength of the market move. If the market is just bouncing around you take one kind of profit if the market is moving strong you take another. Fundamentals determine your TP unless you are just taking daily TPs. No EA can design in the market move based on fundamentals. The only thing that would come close is a simple MA cross or some other indicator that measures strength. When the market stops or slows down on a move, you take the profit. I dont believe you can program that, an EA does not do independent thinking. Just too many variables to make hard rules. Wish I could answer that question better.
  • #1,187
  • Apr 28, 2011 5:25am Apr 28, 2011 5:25am
"Human nature tempts us to hold on to losing trades in the hope that they will come back to break even or better. And it makes us dump trades that are profitable because we fear that they might turn into losers. Both instincts are simply wrong, and they lead to failure for many traders. The trick is to learn to be afraid of a losing trade getting worse, and to become hopeful that a winning trade will turn into a home run. That's much easier to say that it is to do."

Very well said...especially that last sentence. Successful trading hinges on moving from the saying to the doing. But there must be a point and click program out there that allows you, the trader, to evaluate the chart and then choose your own SL lines that chase PA and several TP lines based on High/Low's, Sixths lines, prior S/R, S/R lines, TMA lines, etc., that the market maker cannot see. Is there? Or is this just wishful thinking on my part?
  • #1,188
  • Edited Apr 29, 2011 1:31am Apr 28, 2011 10:20am | Edited Apr 29, 2011 1:31am
Hi,
It is a great system and I was testing a similar system. I need help with a simple MQL script. It is probably going to take only 3 lines of coding, but since I do not have much experience with Metatrader programming I cannot do it myself.

If someone please code a simple EA where script will generate an e-mail alert when center TMA line is above 240 EMA and price has crossed below the lower TMA band.

And it would generate an -email alert when 240 EMA is above center center TMA line and price has crossed above the upper TMA band.

I'd appreciate any hints or line of codes to achieve this.

Raindrop
  • #1,189
  • Apr 28, 2011 7:17pm Apr 28, 2011 7:17pm
This was a really good setup...everything was where it should with the exception that the TMA had a slight slope downward.When it closed beneath the 5x5 I was out for a 9 pip loss and the 7 pip spread for a total of a negative 16 pips.
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  • #1,190
  • Apr 29, 2011 1:17am Apr 29, 2011 1:17am
The Swiss Army indicate have the same color ,the color don't change !
who can help!
sorry for my poor English.
  • #1,191
  • Edited 1:31am Apr 29, 2011 1:24am | Edited 1:31am
Hi Bob, hi everybody!

To Bob: I use a system really similar to yours, the main concept is the same, the only things that change are the tools (TMA True seems to be a good "band indicator").. and i never used EA for autotrading.

Yesterday evening (GMT+1) i saw two trades "by the rules": sh EURCHF and long NZDUSD.. i'm actually in, picture below.

Could you rate this trades?

In the night the mid TMA line on EURCHF went above the 240ma, in this case you close the trade or..?
As i say, i'm still in.

Last question: to open the trades yesterday i used your "bots" (what a confort ), you confirm that they won't place the stop loss even if i set it in the "input tab"?

Thanks for your time, sorry for the typos, english is not my mother language!

Saluti from Italy
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  • #1,192
  • Apr 29, 2011 1:48am Apr 29, 2011 1:48am
ciao caro, non bisogna chiudere per forza...seguilo e basta...perņ ricordati che entrare in trade con il tma che converge verso la 240 non č mai sano!

in english for everyboy:
hi mate, u don't really have to close it just for this, just trail it and that's all, but remember to be carefull when the tma converge so rapidly to the 240ma!

ps di dove sei?
  • #1,193
  • Apr 29, 2011 1:54am Apr 29, 2011 1:54am
Quoting The flame
ciao caro, non bisogna chiudere per forza...seguilo e basta...perņ ricordati che entrare in trade con il tma che converge verso la 240 non č mai sano!

in english for everyboy:
hi mate, u don't really have to close it just for this, just trail it and that's all, but remember to be carefull when the tma converge so rapidly to the 240ma!

ps di dove sei?
Grazie mille!
  • #1,194
  • Apr 29, 2011 2:13am Apr 29, 2011 2:13am
Closed the EURCHF@+22 (news coming, round number broken, last 30'hi passed).

Still on the NZDUSD, at +17 now by now.
  • #1,195
  • Apr 29, 2011 2:41am Apr 29, 2011 2:41am
Quoting greglegrande
The TMA angle indicator, too me, is not as good as just evaluating the angle (or slope) of the actual TMA yourself. But I did find this indicator. The key seems to be the cross of the slow line and/or the zero line. When the fast crosses the slow right at the zero line this seems to be a very strong indicator. Also the fast line can also act as a filter if it doesn't cross. See the examples.
Hi Greglegrande, which indicator is it exactly, doubleCCI? Can you perhaps post the version (with inputs) that you are using?

Thanks!
  • #1,196
  • Apr 29, 2011 4:40am Apr 29, 2011 4:40am
Quoting SteMag
Closed the EURCHF@+22 (news coming, round number broken, last 30'hi passed).

Still on the NZDUSD, at +17 now by now.
Too bad i didn't take profit "by the rules" on the EURCHF, TP taken at the lower band, +60pips

Btw NZD still up, +27 now
  • #1,197
  • Edited 9:23am Apr 29, 2011 6:30am | Edited 9:23am
Quoting SteMag
Too bad i didn't take profit "by the rules" on the EURCHF, TP taken at the lower band, +60pips

Btw NZD still up, +27 now
NZD out at +50pips

Maybe a setup on USDCAD?
How do you manage it, with the risk of overweek gap?

[EDIT]

I fear form Monday gap.. did a little scalp from UC: 20 pips taken

The 5x5 Ma really works fine, i use to use a more aggressive approach, with 200ma as trend, Bollinger or Keltner as "band indicators" and CCI, with a 3x3 ema (but this was more of an indication, not a proper trigger), and i use to trade on only 5-6 pairs i like (mainly EU GU EJ)..
I traded this way with consistent results, but i am fairly new to forex markets.

This 5x5ma seems a more conservative approach, far far less trades, but good ones.. guess that is a must to setup a screen with a lot of pairs on, to keep up with the reduced trade number.
This will be weekend work

Goodbye and good weekend everyone!

[EDIT]

Just to say, +92 pips of profit (live) today, should be 130 if traded by the rules.
Seems that my method was right, but Nannigbob's tools are better
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  • #1,198
  • Apr 29, 2011 6:08pm Apr 29, 2011 6:08pm
Quoting SteMag
Hi Bob, hi everybody!

To Bob: I use a system really similar to yours, the main concept is the same, the only things that change are the tools (TMA True seems to be a good "band indicator").. and i never used EA for autotrading.

Yesterday evening (GMT+1) i saw two trades "by the rules": sh EURCHF and long NZDUSD.. i'm actually in, picture below.

Could you rate this trades?

In the night the mid TMA line on EURCHF went above the 240ma, in this case you close the trade or..?
As i say, i'm still in.

Last question: to open the trades...
Some brokers dont allow you to set a TP and SL at the time of the trade so you can use the MPTM to do that for you after the trade. Good luck
  • #1,199
  • Apr 30, 2011 8:35am Apr 30, 2011 8:35am
Quoting chye
The Swiss Army indicate have the same color ,the color don't change !
who can help!
sorry for my poor English.
Hello chye - I initially experienced the same problem. Go to my previous post, follow the provided link, and load the additional indicators as found at the bottom of her post. I hope that helps.

http://www.forexfactory.com/showpost...postcount=1159

Note: I would have hoped to provide some trade examples by now, but personal matters have necessitated moving my trading to the back burner for a bit. This system works - for me its only a matter of being at the screen at the right times, as I'm not comfortable using EA's as of yet. All things in time.

cheers ... meph
  • #1,200
  • Apr 30, 2011 5:32pm Apr 30, 2011 5:32pm
Here of late my schedule has mandated that I set some trades and then walk away for hours. I would much rather monitor and execute my own exits but if I were to do that it would mean not trading for days at a time. My last four trades I have used an EA (Mauro Trailing EA) that allows me to set a SL & TP as well as a trail. I set the SL at 25 pips. The EA stopped me out at a loss every time. And then every time the trade went on to score at least 50+ pips with one going 80+.

This is my question....what is an appropriate SL on 1-hour chart trade? Apparently 25 pips is way too little. Please help.
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