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Nanningbob 4h trading system ver. 5.0

  • #4,341
  • Aug 5, 2011 6:21pm Aug 5, 2011 6:21pm
I think I have solved the BB run problem to some extent in most cases. This will be going into the 10.0 4H section. I am just so tickled with myself right now. Here is a series of runners and how the delayed entrance kept trades away from getting in too early. Notice the second pic of the USD/JPY and how it waited until the run was done before entering. Gotta love it. Attached is the template so you can study it early. Gold above blue sell, gold below red buy. The light grey lines are TP lines if you choose to use them. The lines should be crossing at the open of the candle. That is how it is designed to work.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4h gbp usd.gif Size: 44 KB
Click to Enlarge Name: 4h usd jpy.gif Size: 34 KB
Attached File(s)
File Type: tpl 10.0 4h ctr.tpl   3 KB | 722 downloads
  • #4,342
  • Aug 5, 2011 7:26pm Aug 5, 2011 7:26pm
Quoting nanningbob
I think I have solved the BB run problem to some extent in most cases. This will be going into the 10.0 4H section. I am just so tickled with myself right now. Here is a series of runners and how the delayed entrance kept trades away from getting in too early. Notice the second pic of the USD/JPY and how it waited until the run was done before entering. Gotta love it. Attached is the template so you can study it early. Gold above blue sell, gold below red buy. The light grey lines are TP lines if you choose to use them. The lines should be crossing...
Ever thought about/tried using buy and sell stops to enter at the BREAK of the low or high of the signal candle? Of course if there is no retracement simply move the stop order under the next candle once it completes. Works great with BB runners.
  • #4,343
  • Aug 5, 2011 9:25pm Aug 5, 2011 9:25pm
Quoting Flava
Ever thought about/tried using buy and sell stops to enter at the BREAK of the low or high of the signal candle? Of course if there is no retracement simply move the stop order under the next candle once it completes. Works great with BB runners.
That is what Steve Hopwood has done with my systems he has his own threads with that.
  • #4,344
  • Aug 6, 2011 12:12am Aug 6, 2011 12:12am
Quoting nanningbob
I think I have solved the BB run problem to some extent in most cases. This will be going into the 10.0 4H section. I am just so tickled with myself right now. Here is a series of runners and how the delayed entrance kept trades away from getting in too early. Notice the second pic of the USD/JPY and how it waited until the run was done before entering. Gotta love it. Attached is the template so you can study it early. Gold above blue sell, gold below red buy. The light grey lines are TP lines if you choose to use them. The lines should be crossing...
whats the values for the blue and red MA's on the 4hr chart?
rat
  • #4,345
  • Aug 6, 2011 12:55am Aug 6, 2011 12:55am
Quoting rattyo
whats the values for the blue and red MA's on the 4hr chart?
You can look up the values in side the template but the red and blue are the standard BB however set at dev. 1.0. MA is 3 median LWMA shift 1. This allows price action to determine the entrance rather than the upper/lower band. Hopefully, it will eliminate most of the run in the runners and get us a better trade entrance. Using 1.0 gives enough room for the MA to cross the band line. Actually it is the other way around the MA will cross first in front of the band because it is shifted 1 and then when the new candle opens the BB will cross the MA. So the idea was to get price action as far away from the band as possible.
  • #4,346
  • Edited 3:06am Aug 6, 2011 1:54am | Edited 3:06am
Quoting nanningbob
I think I have solved the BB run problem to some extent in most cases. This will be going into the 10.0 4H section. I am just so tickled with myself right now. Here is a series of runners and how the delayed entrance kept trades away from getting in too early. Notice the second pic of the USD/JPY and how it waited until the run was done before entering. Gotta love it. Attached is the template so you can study it early. Gold above blue sell, gold below red buy. The light grey lines are TP lines if you choose to use them. The lines should be crossing...
hi Bob just a question: in the first picture u trade up and down and every entrance seems perfect, ok...but look at the second picture u just took one trade (sweet one indeed) but if u apply the same method of the first picture look at how many buy i'd have had, all in recovery though....
can u explain me that please?
  • #4,347
  • Aug 6, 2011 6:35am Aug 6, 2011 6:35am
Quoting The flame
hi Bob just a question: in the first picture u trade up and down and every entrance seems perfect, ok...but look at the second picture u just took one trade (sweet one indeed) but if u apply the same method of the first picture look at how many buy i'd have had, all in recovery though....
can u explain me that please?
According to the rules of 10.0 you would not be buying there but trying to enter into the trend so throw those buys out. I know you dont have the ability from these pics to compare with the daily, these are 4H charts. I think you will like 10.0 because you do keep out of trades like those. The example wasnt meant to show we would have taken trades there but to show what happens when there is a big spike. The EA would then delay the entrance (hopefully) until it had taken its course.

My first example is when you would be using this EA while a pair is ranging which the gbp/usd was doing at that time.
  • #4,348
  • Aug 6, 2011 6:39am Aug 6, 2011 6:39am
Just for fun here is the Daily and it is showing DT with it hitting the blue a couple of times. Maybe you would turn on the CTR here. Let me show you the daily pic first. The green lines show the area I was showing the 4H chart.
Attached Image (click to enlarge)
Click to Enlarge Name: daily usd jpy.gif Size: 32 KB
  • #4,349
  • Aug 6, 2011 6:43am Aug 6, 2011 6:43am
Now here is the 4H chart and depending on the entrance and spread every trade went into profit if not for just a brief moment. I agree some of them would have sucked but you know we are buying against the trend. However, if you have a quick trigger every trade would have made something. That is something we never had before with BB runs. At least we have a chance of getting something. It would mean a very tight MPTM though. So if you are a dedicated counter trader you know that with this EA entrance you have a very good chance of jumping into profit the vast majority of times. Have no idea how to tell whether it will be a big winner or not. But It is better than the past with the BB runs.

What really sucked on that trade is I did have a buy going and I closed it at the blue line because that was what price had been doing. I missed a biggie there. I was counter trading a losing trade there and the jump helped a great deal. I did take a profit every day counter trading that but I was using the 1H version.
Attached Image (click to enlarge)
Click to Enlarge Name: 4h usd jpy.gif Size: 37 KB
  • #4,350
  • Aug 6, 2011 7:48am Aug 6, 2011 7:48am
Hi Bob

If you look at the AUDUSD last 20 odd 4hr candles this would have failed in a big way..
Attached Image (click to enlarge)
Click to Enlarge Name: 4.jpg Size: 112 KB
rat
  • #4,351
  • Aug 6, 2011 7:59am Aug 6, 2011 7:59am
Quoting rattyo
Hi Bob

If you look at the AUDUSD last 20 odd 4hr candles this would have failed in a big way..
AGAIN, ready your daily chart. You would not be trying to do buys
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd daily.gif Size: 37 KB
  • #4,352
  • Aug 6, 2011 8:08am Aug 6, 2011 8:08am
BUT lets say you did. You would have had two trades.

1. Would be at -370
2. would be at -60

Life goes on and you look for recovery. This is how 10.0 should work. The warning was given with the candle that had the high and low below the lines. It is the warning go into sell mode. That is what 10.0 would tell you.
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd 4h.gif Size: 36 KB
  • #4,353
  • Aug 6, 2011 8:11am Aug 6, 2011 8:11am
Here are the 10.0 rules done strictly.
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd 4h 2.gif Size: 34 KB
  • #4,354
  • Aug 6, 2011 8:21am Aug 6, 2011 8:21am
Using the CTR 1H version this week on my live account I have closed 4 trades on the AUD/USD of 42,43, 52, and 41 pips. I have a dumb buy because I expected the news to be bad for the dollar Friday and it was better than it was suppose to be. So I have one trade at -195. I put a buy at support just before the news and ........................ well now you know the rest of the story. Trading Fundamental news sucks. LOL If I had followed my own rules I would have made a very nice profit.
  • #4,355
  • Aug 6, 2011 8:35am Aug 6, 2011 8:35am
Bob, from the daily recovery template and the basic daily template I have, there are 2 different settings for the 2MA. I just wanted to confirm those were supposed to be different. The 2MA I have on the recovery template has the linear weighted setting and the basic daily read template has a smoothed setting.

Thanks for all your work on the new 10.0 system. Looking forward to it.

George
  • #4,356
  • Aug 6, 2011 8:54am Aug 6, 2011 8:54am
Quoting nanningbob
Using the CTR 1H version this week on my live account I have closed 4 trades on the AUD/USD of 42,43, 52, and 41 pips. I have a dumb buy because I expected the news to be bad for the dollar Friday and it was better than it was suppose to be. So I have one trade at -195. I put a buy at support just before the news and ........................ well now you know the rest of the story. Trading Fundamental news sucks. LOL If I had followed my own rules I would have made a very nice profit.

I'm getting stripped to ribbons on EURUSD of late using 1hr.
Looking at the 4hr looks better. This pair is starting to get on my
nerves friday I have a trade running at -150 short stupid trade looking at the chart but I was getting sucked into the news looking all bad . 200 point rally more or less
all day. hopeully it comes back down a bit from here.
rat
  • #4,357
  • Aug 6, 2011 8:59am Aug 6, 2011 8:59am
I am going to open my new thread sometime tomorrow and I will use eur/usd for my opening examples. But you can see it is ranging with spurts in it.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.gif Size: 36 KB
  • #4,358
  • Aug 6, 2011 9:02am Aug 6, 2011 9:02am
Here is the 4H CTR. You can see some nice trades and nothing over 2 levels in recovery using 10.0.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd ctr.gif Size: 48 KB
  • #4,359
  • Aug 6, 2011 9:10am Aug 6, 2011 9:10am
Quoting nanningbob
I am going to open my new thread sometime tomorrow and I will use eur/usd for my opening examples. But you can see it is ranging with spurts in it.
Thanks very much Bob
rat
  • #4,360
  • Aug 6, 2011 1:06pm Aug 6, 2011 1:06pm
Bob,

I am new to your threads the last couple of days and have been bouncing around from ver. 5.3 to 1.0 to 10.0 trying to catch up and make some sense.

Sheesh! I'm dizzy... 1000's of posts, revisions, screen shots...

That being said, to expend my energies in the right direction should I jump straight to your new 10.0 thread (when you start it) and dig into that. (I've already read the main book). Will that system be well suited to a USA based trader without hedging capabilities, etc.

I appreciate your guidance and your great work on these topics.

Thanks
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