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Nb 1.0 trend trade system

  • #1,301
  • Jun 23, 2011 2:35am Jun 23, 2011 2:35am
Thanks Greg

As you said, the concept of your strategy and NB1.0 system is the same. I think the best part of your system is LSMA indicator. This indicator works wonderful as a filter.
Trade with discipline and respect the market...
  • #1,302
  • Jul 4, 2011 6:51am Jul 4, 2011 6:51am
dear nanningbob,
thanks for every thing.your works are excellent.thank you for sharing.
  • #1,303
  • Edited 1:52pm Jul 4, 2011 12:43pm | Edited 1:52pm
I have had some free time lately and have noticed greglegrande pleading for a TMA take profit and a last swing high/low stoploss EA. You have been posting and keeping this thread alive so thought I'd do my bit as well and help out a bit. This might be useful for others as well.

Enjoy!
Attached File(s)
File Type: ex4 NB1.0 Trend Trade Manager (Manual) v1.0.ex4   11 KB | 499 downloads
  • #1,304
  • Jul 6, 2011 9:45pm Jul 6, 2011 9:45pm
I cannot tell how much I appreciate it. I will try it out this week. I am still trading bob's system but have gone to the 4-hour. BUT I still use the TMA profit taking method and I still use the swing l/h stop loss method. You sir just made my life a lot easier. I have not posted trades because no one seems to be here anymore but suffice it to say bob's method(s) still work! - - Greg
  • #1,305
  • Jul 7, 2011 7:03am Jul 7, 2011 7:03am
Quoting greglegrande
I cannot tell how much I appreciate it. I will try it out this week. I am still trading bob's system but have gone to the 4-hour. BUT I still use the TMA profit taking method and I still use the swing l/h stop loss method. You sir just made my life a lot easier. I have not posted trades because no one seems to be here anymore but suffice it to say bob's method(s) still work! - - Greg
Unless I post my trades every day, everyone just busy trading. Posting takes a lot of time and work and unfortunately I have not had a lot of time for posting. My live trades are being done in the 60x90 thread right now because I am using my range EA and testing it live. I also am working on the 10.0 trend section and have my first working EA. Needs some bugs worked out so will take some time yet. But I like it when others post trades because it shows people can learn and make money with this.
  • #1,306
  • Jul 7, 2011 7:14am Jul 7, 2011 7:14am
My pleasure, let me know if there are any bugs. I use it myself, and am thinking of adding the ability to open a buy order when it crosses the 5x5 for those set and forget moments.

Quoting greglegrande
I cannot tell how much I appreciate it. I will try it out this week. I am still trading bob's system but have gone to the 4-hour. BUT I still use the TMA profit taking method and I still use the swing l/h stop loss method. You sir just made my life a lot easier. I have not posted trades because no one seems to be here anymore but suffice it to say bob's method(s) still work! - - Greg
  • #1,307
  • Jul 7, 2011 10:52am Jul 7, 2011 10:52am
I can't find currencies to trade this week. Last week, I only found ERUCAD at sell,but hit the 40-pip stop loss. I have traded with this system in live account for 2 months. The earning performance is not good. Trading time is ~40, but earning pips is ~50. Greglegrande,would you like to post what you were trading in order to help me make sense how to use NB trend 1.0 system?Thanks



Quoting greglegrande
I cannot tell how much I appreciate it. I will try it out this week. I am still trading bob's system but have gone to the 4-hour. BUT I still use the TMA profit taking method and I still use the swing l/h stop loss method. You sir just made my life a lot easier. I have not posted trades because no one seems to be here anymore but suffice it to say bob's method(s) still work! - - Greg
  • #1,308
  • Jul 7, 2011 5:32pm Jul 7, 2011 5:32pm
Quoting bioinfor
Greglegrande,would you like to post what you were trading in order to help me make sense how to use NB trend 1.0 system?Thanks
Little bit of a reach since the TMA was sloping down and the 240MA was looming large as an obstacle but I really wanted to try out NONFICTION'S INCREDIBLE NB 1.0 TREND TRADER MANAGER so I did force it a little but it worked out and the best part of it was I entered and walked away...came back to a 68 pip profit 12 hours later. I highly recommend that you use nonfiction's trade manager. It takes all the emotion out of your trading. Enter...set it....and for heaven's sake...WALK AWAY!

On another note bioinfor...you're correct there have not been a lot of trades as the market has been rather choppy. But you can almost always find one or two setups per week. And if you can't.... THEN DON'T TRADE.

I'm happy to answer any questions but remember....Bob is the master of this thread and Steve Hopwood is his crazy genius uncle who spends every waking moment in his garage working on inventions to conquer the forex world! (evil laugh inserted here).
Attached Image (click to enlarge)
Click to Enlarge Name: nb.gif Size: 35 KB
  • #1,309
  • Jul 7, 2011 6:23pm Jul 7, 2011 6:23pm
greglegrande,

thank you so much. I will test nonfiction's trade manager right after I go home. And I will try to find why I miss EURJPY posted by you. How did you setup stoploss and profit-taking? Some of my trades lost money because of just hitting stop loss.

Quoting greglegrande
Little bit of a reach since the TMA was sloping down and the 240MA was looming large as an obstacle but I really wanted to try out NONFICTION'S INCREDIBLE NB 1.0 TREND TRADER MANAGER so I did force it a little but it worked out and the best part of it was I entered and walked away...came back to a 68 pip profit 12 hours later. I highly recommend that you use nonfiction's trade manager. It takes all the emotion out of your trading. Enter...set it....and for heaven's sake...WALK AWAY!

On another note bioinfor...you're correct there have...
  • #1,310
  • Jul 8, 2011 1:38am Jul 8, 2011 1:38am
Quoting bioinfor
greglegrande,

thank you so much. I will test nonfiction's trade manager right after I go home. And I will try to find why I miss EURJPY posted by you. How did you setup stoploss and profit-taking? Some of my trades lost money because of just hitting stop loss.
I used nonfictions default settings. TP is always the same...far TMA line. Stop loss should be at least 50 pips which is default for NF trade manager... but h/l plus 20 is probably better...also default. Id leave everything default. I think its perfect just the way it is.

e/j trade was 1 hour by the way.
  • #1,311
  • Jul 11, 2011 7:53am Jul 11, 2011 7:53am
Just to let you guys know that I have been working on 10.0 I am stuck on a programming problem for now so am spending time trying to make it work. So just checking in and letting you know.
  • #1,312
  • Jul 16, 2011 11:53pm Jul 16, 2011 11:53pm
OK here is the bare bones of 10.0 trending system. I have more coming in the future but before I get too deep I wanted the basic part posted and tested. Good luck and I will try to post some trades and examples during the week.
Attached File(s)
File Type: zip 10.0 NB TREND TRADE.zip   617 KB | 1,211 downloads
  • #1,313
  • Jul 17, 2011 2:20am Jul 17, 2011 2:20am
What a fantastic read.
Will definitely be using this
Thank you
  • #1,314
  • Jul 17, 2011 9:28am Jul 17, 2011 9:28am
Very well done! Thanks
  • #1,315
  • Jul 18, 2011 8:04pm Jul 18, 2011 8:04pm
I marvel at your forex intellect sir. I have been gone for over a week in a place without internet access so I have not traded and perhaps that's a good thing. I now will trade ONLY after I have taken by daily read from the 10.0.... starting tomorrow! Thank you so much for taking the time to educate us on this. I have never met anyone that delighted in the sharing of information as much as you do. It truly speaks to your character. I am scheduled to go to china in 2012 and hope that I can arrange a meeting with you. - - Greg
  • #1,316
  • Jul 18, 2011 9:05pm Jul 18, 2011 9:05pm
Quoting greglegrande
I marvel at your forex intellect sir. I have been gone for over a week in a place without internet access so I have not traded and perhaps that's a good thing. I now will trade ONLY after I have taken by daily read from the 10.0.... starting tomorrow! Thank you so much for taking the time to educate us on this. I have never met anyone that delighted in the sharing of information as much as you do. It truly speaks to your character. I am scheduled to go to china in 2012 and hope that I can arrange a meeting with you. - - Greg
Well, come to Nanning (about an hours flight from HK just north of the Vietnamese border) be happy to have you. We rent a 5 bedroom apt. so we have plenty of space to stay. Hey free accommodations. Come visit my little school and see what is happening in this quiet part of the world. Almost all the food is fresh from the local farmers so you can get away from all that processed American food. LOL. Anyway welcome.
  • #1,317
  • Jul 23, 2011 3:34am Jul 23, 2011 3:34am
Hello Bob,

thank you for your hard work and the experiences you share for us for free.

i have a couple of questions:

we define an downtrend if open & high & low is below the blue line and blue line is below red line in the daily chart.
from this time we trade only short.

if now the high touches DURING the day the blue line, did we stop trading short signals, closing open short positions and take CTR signals to trade? or did we wait until the new candle form? what i mean is: is the setup-candle the actual day- or the previous closed daycandle?

the same question is for CTR trading. the definition is: if the high is on one side of blue line and the low is on the other side of blue line, right?
what is, if high and low are between blue and red line? is it also a CTR-Time?

thanks for advice

regards


Mediator
  • #1,318
  • Jul 23, 2011 9:19am Jul 23, 2011 9:19am
Quoting Mediator
Hello Bob,

thank you for your hard work and the experiences you share for us for free.

i have a couple of questions:

we define an downtrend if open & high & low is below the blue line and blue line is below red line in the daily chart.
from this time we trade only short.

if now the high touches DURING the day the blue line, did we stop trading short signals, closing open short positions and take CTR signals to trade? or did we wait until the new candle form? what i mean is: is the setup-candle the actual day- or the previous closed daycandle?

the...
As far as range trading for some reason when that line is broken price seems to range for a while or reverse. Yes when price is between the lines it is also ranging but I have a breakout EA also for that scenario. (Havent published it yet) In other words when price is between the red or blue line it enters if price goes up or down past a line. Can use it to reenter a trend or start with the new one. So in that case you have two options to use CTR or Breakout (testing now to make sure it works).

There is one candle #2 but it never breaks the previous low even though it didnt touch the line. I would not trend trade at that point but wait for the break.

The #1 candle is a Sunday candle and you dont bother with those.

When it touches a line you will want to close out your sell positions but you want to try to find your best exit. Since this is a signal that price may range you may have several days to find your best exit. However, if it is a reversal you will want to definitely be out by the time it crosses the red line. Reversals are rarely V shaped, in other words just reverse and go up without any retracements. If price does that it is usually caused by an unexpected news story or a major interference from a major bank or government. Either way I have practiced trying to counter trade trend but found it futile and dangerous once price took off past the red line. For example the GBP/CAD if you have a sell and it is at the pink line. If you stay with the trade after the pink line you could face some really major DD.

See pic below. As you can see price has just broken above the line Friday so Monday I would play the CTR or look for price to break the previous high candle. If it does break the previous high then go with the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp cad.gif Size: 39 KB
  • #1,319
  • Jul 23, 2011 1:12pm Jul 23, 2011 1:12pm
Quoting nanningbob
OK here is the bare bones of 10.0 trending system. I have more coming in the future but before I get too deep I wanted the basic part posted and tested. Good luck and I will try to post some trades and examples during the week.
Thanks a lot, can't wait to go through it!!!
  • #1,320
  • Jul 23, 2011 2:01pm Jul 23, 2011 2:01pm
Thanks for answering my question, but from your picture you posted i'm not clever than before. Sorry.

i attached a picture of the same pair and TF with the definitions i understood it in comparison with your documents.

my main question is, if a trend ends when the high touches/breaks the blue line at the day while the candle forms.

1. At the open of the candle marked with '1.CTR' i trade only CTR because the Upcandle the day before has high above and low below blue line. In the 4h TF it will trigger a sell trade and later at the next day a long trade. both are perfect trades.

2. At the marked white Upcandle i'm in Trendmode because the day before the downcandle did not touching the blue line wether with High nor with the Open above blue line. But it think this leads to a loss and a very late entry.

3. This are also perfect CTR trades inside and at 4. a very nice trendtrade.

6. A very hugh nice Trendtrade.

Did i understand this like it should be?

Another thing i recognize while switching between the timeframes forth and back with hindsight to the daily TF is, that for example at No. 3 where a SHORT-CTR occur at the 4h TF, later it developed to a SHORT-Trendtrade.
I think if this scenario happens it could be better to not close the SHORT-CTR because of continuation with trend. this could lead to a Always-In-The-Market-Strategy. But time will tell with more experience in the future.

Thanks for that

Kind Regards

Mediator
Attached Image (click to enlarge)
Click to Enlarge Name: ctrexplain.jpg Size: 362 KB
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