Nanningbob 4h trading system ver. 5.0 | Page 208 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Nanningbob 60x90 EA 3,920 replies

NanningBob's 4H Sellhigh BUYLOW 158 replies

Help regarding NanningBob EA 27 replies

Nanningbob 4H trading system 2,017 replies

Help to improve profitable EA - 1H NanningBob 40MA 200 BB 10 replies

Attachments: Nanningbob 4h trading system ver. 5.0
Exit Attachments

Nanningbob 4h trading system ver. 5.0

  • #4,141
  • Jun 20, 2011 5:31pm Jun 20, 2011 5:31pm
Quoting trustdom
...
Well in fact I am using 6ths indicator with 15M timeframe trying to scalp the market. I modified some of the EA's that you currently use to follow the following strategy:
1. Applied for 10 most ranging pairs
2. Manual entry when price is over/under yellow line plus three lines (red, blue and white) giving signal over/under 85/15. Very traditional.
3. Start EA (Buy or Sell accordingly)
4. TP for first trade=100
5...
Very interesting my friend. Bob gave a better reply than could ever give. I am curious as to how you have identified the 10 ranging pairs (what they are and your criteria). I use ADX to know what is ranging and what is trending with limited success (if you want some materials on the subject pm me your email and I will send them to you). Over the past 2 years I have learned to respect Bob`s opinion and not to go against his advice. That is why I am a bit suspect of the long term viability of using a variation of NB system and indicators using 15m TF. Having said that does not mean it can not be done and I sincerely wish you can prove me wrong. Please do keep us posted on your trading and how your system is getting along.

Kind regards
  • #4,142
  • Jun 20, 2011 11:36pm Jun 20, 2011 11:36pm
Quoting nanningbob
For my 10.0 system I am thinking of putting color into my charts. For example lets say you have a MA and a Line above it 100 Pips, 200 pips and 300 pips. The area inbetween the 2-300 pips I would want little dots or something to make it different than the other areas. Some indicators like Ichimoku do this and I think I could use it with one of my EAs. Let me know if anyone is up for that.
That might be good. We could get a quick read from chart. I am a fan of clean charts though.
  • #4,143
  • Jun 21, 2011 6:46am Jun 21, 2011 6:46am
Quoting Frodog
That might be good. We could get a quick read from chart. I am a fan of clean charts though.
10.0 is very clean. The daily chart is 2 lines and you make your read of what price is doing. The real key to 10.0 will be what price is no longer doing. That concept is the new idea I will be trying to teach. We rely less on indicators to try to tell us what the future is doing and rely more on them telling us price will no longer be doing what it has been doing for now. That is my new key to trading. So if it has been trending you read the key candle and you will say it is going to stop now and either reverse or range. Either way I have a trade method for that. If it has been ranging the key candle will tell you, range trading has quit, time to trend up or down. That is the foundation to 10.0. I then take all my trading systems and use them off of those keys. I will be readjusting my systems to fit the 10.0 reads. This should simplify the amount of EAs used. You can stay a trend trader, counter trader, range trader, or do all three. You can also use your favorite trading system but use 10.0 to read the market. Then use the trading system you are familar with to trade the signal when it meets its criteria. For example if you love the STO indicator you wait for 10.0 to tell you the trend has ended and you start range trading with it until 10.0 tells you it is trending again. You then go to a lower TF and trade until you see the signal to stop range trading. That is the problem with lower charts. You dont see these signals but you can see them on higher frames. That is the idea or theory behind 10.0.

The lower TF will have more indicators becuase some filters will be added to keep the basic read of the daily chart intact. My idea in the trend trading section is a colored band that shows a likely area to enter the continuation of the trend but if price goes below that mark, the trend may not be continuing. That is the basic idea. Trying to make a it a better read for newer traders or people not familar with my systems.
  • #4,144
  • Jun 21, 2011 7:29am Jun 21, 2011 7:29am
Hi Bob & my fellow traders,

Few months ago whilst BOB was busy working two jobs in his school I decided to publish my results with the aim of showing that anyone who sticks to the basic strategy of NB VER5 can make at LEAST 60% per year. The aim was to be very conseravtive by using 10 cent lots per $2000 balance (0.005% of balance per lot). The last six months have been as turbulent as the previous 2 years and the system has coped well with these events.

The results speak for itself with 50% net profit in six months. If I can do it so can every single person who is a member or visitor in FF. I do not know how to code and my experience and knowledge is very limited, however, I stick to the rules and ensure that I do not overextend myself. On average I have spent 30 minutes a day on this account. I think 6 months result is more than adequate to prove my point and I will not be posting my results on a regular basis as I had done during the past few months. The goal for the rest of the year is to increase the account by at least 30% (again conservative target).

My main aim for the next six months is to ensure the floating DD is kept below 1000 pips by utilizing the rules of NB VER 10.0. IMHO since 95% of traders lose in forex the main aim is to survive and be part of the 5% crowd. NanningBOB system would help you to be in the minority 5%. BEST OF LUCK.

Kind Regards
Attached File(s)
File Type: xls NB VER 5.3 six month result.xls   459 KB | 532 downloads
  • #4,145
  • Jun 21, 2011 7:45am Jun 21, 2011 7:45am
Great job Astral. I hope to emulate your success in the next 6 months. I am looking forward to v10.0, especially the less DD aspect.
  • #4,146
  • Jun 21, 2011 8:03am Jun 21, 2011 8:03am
Astral thanks a lot for your ongoing efforts.... and a question:

What was your max DD and additional margin requirement at any time?

Thank you

Forex37
  • #4,147
  • Edited 9:57am Jun 21, 2011 9:42am | Edited 9:57am
The margin required is less than 50:1 (maximum lots open at any one time was 0.28 lots so needed $560 to cover that). The absolute maximum DD touched $900 for couple of days and for those weeks the floating DD was around $600, however the average DD for the period was around $300 mark. Even with $900 DD there was plenty of margin left. IMHO our aim should be floating DD of less than 10% a/c balance.

kind regards
  • #4,148
  • Jun 21, 2011 10:16am Jun 21, 2011 10:16am
Quoting astral77
Very interesting my friend. Bob gave a better reply than could ever give. I am curious as to how you have identified the 10 ranging pairs (what they are and your criteria). I use ADX to know what is ranging and what is trending with limited success (if you want some materials on the subject pm me your email and I will send them to you). Over the past 2 years I have learned to respect Bob`s opinion and not to go against his advice. That is why I am a bit suspect of the long term viability of using a variation of NB system and indicators using 15m...
Hi Astral,
Well, you addressed a very critical issue for my current strategy and it would be nice if you can enlightenment on this subject. Currently I am using a similar fact that is volatility thanks to Bob that sent me his studies about this. From that study, I try to prioritize the less volatile pairs. The ideal situation for this strategy is to identify those pairs that are in a tendency (or mini tendency) that have a saw behavior, I mean price running in a channel between two tendency lines doing higher highs and higher lows in that channel. In this scenario the modified EA run beautifully harvesting lots of 15-pips each time and the nice thing is that you can do it with several pairs running simultaneous (that manually it is impossible to manage)
  • #4,149
  • Jun 21, 2011 11:27am Jun 21, 2011 11:27am
Quoting nanningbob
Here is the first peak at version 10.0 It will be my first complete system and when it is done it will define a trend, a range, and countertrend areas. It will also include rules on unhedging trades and a hedge trading system. This part is the simplest and will be the easiest to implement. This is my new counter trend system recovery. You will reenter most of the time once and occasionally twice to recover. Right now this version is for the slower and medium volatility currency pairs. I am working on numbers for the more volatile pairs but wont...
Hi Bob,
In the chart attached to this post, could you please clarify me if the circle draw in your chart by me could be a false re-entry spot?.
Currently running NB 10.0 Recovery and as soon as I have some results I will feedback.
Attached Image (click to enlarge)
Click to Enlarge Name: Bob chart.png Size: 98 KB
  • #4,150
  • Jun 21, 2011 12:08pm Jun 21, 2011 12:08pm
Quoting trustdom
Hi Bob,
In the chart attached to this post, could you please clarify me if the circle draw in your chart by me could be a false re-entry spot?.
Currently running NB 10.0 Recovery and as soon as I have some results I will feedback.
What I will be teaching is when price breaks the line the latest run is either over or is ranging and taking a break. In your pic example the Euro ranged for about 4 days and then continued. Most of the time however, it will do a retrace. Obviously nothing is 100% but my observations are most of the time you will get a retracement of some kind or it will happen on the next cross after one more spurt in price, which it did. Obviously nothing is 100% but the majority of time you will get it. In my range trading system we will go only two levels and then have a 3rd for recovery and a 4 th if necessary in case we get a scenario like you just showed. However, my thoughts on this is you will have far fewer peaker trades using a daily chart as compared to the 4H chart.

I will start 10.0 with the less volatile pairs and reissue new guidelines on what pairs are volatile. The EUR/USD now has become one of the most volatile currencies on the market and should be placed in the same category as gbp/jpy. My new research shows of the top 9 currencies that are volatile 6 of them involve the EURO. Back in 2008 there were only 3 in the top 9 and two of them were the EUR/AUD and EUR/NZD which few people traded. I would really back off of trying to trade Euro pairs right now, that is becoming one volatile currency. However, the eur/gbp still holds the title of least volatile currency among the 8 base trading currencies.
  • #4,151
  • Jun 21, 2011 12:48pm Jun 21, 2011 12:48pm
Quoting astral77
Hi Bob & my fellow traders,

The results speak for itself with 50% net profit in six months. If I can do it so can every single person who is a member or visitor in FF. I do not know how to code and my experience and knowledge is very limited, however, I stick to the rules and ensure that I do not overextend myself. On average I have spent 30 minutes a day on this account. I think 6 months result is more than adequate to prove my point and I will not be posting my results on a regular basis as I had done during the past few months. The goal for...
astral - EXCELLENT results! Keep the amazing work and continue!
  • #4,152
  • Jun 21, 2011 3:42pm Jun 21, 2011 3:42pm
When I check the previous purple or blue vertical lines which indicate better entry of short or long, sometimes these vertical lines are not consistent. For example, 4 continuous purple vertical lines decreased to 2 lines when I move the bar to left in H4 time frame. In other words, today, there appears 4 continuous purple vertical lines, then I short the currency. some days later, these 4 continuous purple vertical lines do not show again,that means the signal for short is wrong. Right? Do you have this problem? Which of posts explain these? What is minimal vertical lines show much solid signal of entry?
Does EA ensure the correct recognition of entry? But the EAs are too many? I am still confusing to launch specific EA in corresponding situation.
  • #4,153
  • Jun 21, 2011 4:25pm Jun 21, 2011 4:25pm
Quoting bioinfor
When I check the previous purple or blue vertical lines which indicate better entry of short or long, sometimes these vertical lines are not consistent. For example, 4 continuous purple vertical lines decreased to 2 lines when I move the bar to left in H4 time frame. In other words, today, there appears 4 continuous purple vertical lines, then I short the currency. some days later, these 4 continuous purple vertical lines do not show again,that means the signal for short is wrong. Right? Do you have this problem? Which of posts explain these?...
Purple or blue lines?? What in the world are you talking about???
  • #4,154
  • Jun 22, 2011 8:08pm Jun 22, 2011 8:08pm
However, my thoughts on this is you will have far fewer peaker trades using a daily chart as compared to the 4H chart.

I will start 10.0 with the less volatile pairs and reissue new guidelines on what pairs are volatile.

Bob,
Many thanks for your complete answer, you are very generous with all of us.
Have a nice time in your son's wedding.
  • #4,155
  • Edited 10:23pm Jun 22, 2011 9:57pm | Edited 10:23pm
When I check the previous purple or blue vertical lines which indicate better entry of short or long, sometimes these vertical lines are not consistent. For example, 4 continuous purple vertical lines decreased to 2 lines when I move the bar to left in H4 time frame. In other words, today, there appears 4 continuous purple vertical lines, then I short the currency. some days later, these 4 continuous purple vertical lines do not show again,that means the signal for short is wrong. Right? Do you have this problem? Which of posts explain these? What is minimal vertical lines show much solid signal of entry?
Does EA ensure the correct recognition of entry? But the EAs are too many? I am still confusing to launch specific EA in corresponding situation.


A good example happened 2 hours ago,there are 3 purple vertical lines in the 2011.06.23 03:00,but now , there is only one left when USDJPY jumped up by 40 pips. The vertical lines tend to change if pips change,right?

Is NB contra-trend version 5.0 also works in H1 timeframe?

Quoting nanningbob
Purple or blue lines?? What in the world are you talking about???
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.JPG Size: 76 KB
  • #4,156
  • Jun 22, 2011 10:20pm Jun 22, 2011 10:20pm
there are two blue vertical lines in gbpaud, 5 blue lines in GBPCAD, one blue line in USDCAD. Seems if vertical lines get more, trading would improve accuracy,right? If I need choose one of them for live trading, I need choose gbpcad for long? If I wait for your suggestion till tomorrow, at that moment , if there are only 20-pip fluctuation, but no more vertical lines show ,MACD,etc are beyond 15, can I still trade GBPCAD? I am waiting for your suggestion online. Thanks a lot.

Another suggestion: NB and other friends in this thread,would you like to show us your real time trading pairs, then we,as freshmans ,could follow yours. That is a shortcut way to improve our recognition of NB system.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpaud.JPG Size: 69 KB
Click to Enlarge Name: gbpcad.JPG Size: 76 KB
Click to Enlarge Name: usdcad.JPG Size: 68 KB
  • #4,157
  • Jun 23, 2011 1:43am Jun 23, 2011 1:43am
Quoting bioinfor
there are two blue vertical lines in gbpaud, 5 blue lines in GBPCAD, one blue line in USDCAD. Seems if vertical lines get more, trading would improve accuracy,right? If I need choose one of them for live trading, I need choose gbpcad for long? If I wait for your suggestion till tomorrow, at that moment , if there are only 20-pip fluctuation, but no more vertical lines show ,MACD,etc are beyond 15, can I still trade GBPCAD? I am waiting for your suggestion online. Thanks a lot.

Another suggestion: NB and other friends in this thread,would you like...
Your screen is a bit different then mine, I somehow seem to miss the BBands. I use the 5.3 system with Steve's eas to enter trades. So for your GBPCAD I would but the nr1 buy ea on the chart if price is within the BBands or nr2 buy if it's outside. The trade is triggered when the price crosses the BBand.

In the end it's up to you to decide if you want to enter a trade since you're the one putting your money on the line. If you don't like the fundementals or if you feel you're over exposed in one of the currencies or overtrading in general then don't enter.

About the pairs I trade: I trade any pair I can trade with a reasonable spread. When conditions are met (sixth, stochs and MACD) I slap an ea on the chart and then wait. When a trade is entered I put a tp in. I also have Steve's MPTM to set a stop at +10 when a trade moves 30 pips in my favor.

Most important is to keep your lotsize small. Personally I keep it so that a trade can go 10,000 pips against me before I am in trouble. This way I have room to use the recovery system even when things like the Japan earthquake happen.
  • #4,158
  • Jun 24, 2011 10:05pm Jun 24, 2011 10:05pm
Quoting trustdom
Hi Bob,
In the chart attached to this post, could you please clarify me if the circle draw in your chart by me could be a false re-entry spot?.
Currently running NB 10.0 Recovery and as soon as I have some results I will feedback.

Just a further note, attached is my currency evaluations for volatility. This is my newest update and it may surprise you to find out the 6 of the top 9 volatile pairs involve the EURO. I was surprised at how volatile the EUR/CHF had become so volatile currencies will need a different set of numbers giving more room for the entry. I now am going to rate currencies by volatility from numbers 1-6. I hope this info will give you insight into what pairs you may want to countertrade now. See attachment.
Attached File(s)
File Type: xls RANGES OF PAIRS.xls   35 KB | 475 downloads
  • #4,159
  • Jun 25, 2011 1:31pm Jun 25, 2011 1:31pm
Hi everyone,
I am very new for this forum. thanks bob and your teammate.
I have a few questions?

perhaps answers are in previous pages. But we have many versions. I confused many things.

Is there anyoone can show me that any trade example. Which ea sould I use when price come to any level?
where should I put the SL and TP? (or perhaps ea's determine them I do not know.
  • #4,160
  • Jun 25, 2011 8:22pm Jun 25, 2011 8:22pm
Quoting emremerey
Hi everyone,
I am very new for this forum. thanks bob and your teammate.
I have a few questions?

perhaps answers are in previous pages. But we have many versions. I confused many things.

Is there anyoone can show me that any trade example. Which ea sould I use when price come to any level?
where should I put the SL and TP? (or perhaps ea's determine them I do not know.
The official version is page one post one. The variations suggested do not change the official version. It does work as Astral has shown by keeping records for the last 6 months. One thing about my systems is they can be adapted to what a trader is already comfortable with. The only thing I will be changing for now is to post the 10.0 recovery system as an add on. I am still testing it and the results are looking good on the lower to mid volatile currencies. I need to make an adjustment to it for the volatile currencies but am still working on that.

Please read all the books in page 1 post 1. They answer questions about TP and SL, etc. We dont use SL but a recovery system instead. You need to understand that before trading this kind of system.
4 traders viewing now