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Nb 10.0 trend trading system

  • #21
  • Aug 8, 2011 7:07pm Aug 8, 2011 7:07pm
[quote=Mediator;4851217]Hello Traders,

i made a Dashboard for a quick Signal overview of all Pairs available (except DKK, SGD, ZAR crosses)

Mediator, this is a very cool feature.

Many thanks.

George
  • #22
  • Aug 8, 2011 7:24pm Aug 8, 2011 7:24pm
Quoting Mediator
Hello Traders,

i made a Dashboard for a quick Signal overview of all Pairs available (except DKK, SGD, ZAR crosses)

Settings:

Corner = 0 (default) Set the Displaycorner (0=TOP_LEFT, 1=TOP_RIGHT, 2=BOTTOM_LEFT & 3=BOTTOM_RIGHT)
PairColor = DodgerBlue (default) Is the Color of the displayed Pair
SignalColor = Red (Default) Is the Color of the displayed signal;

Signals which shown are: UT, DT, CTR & BO (Breakout);

Nice trading and good business

Mediator
Cool. Why is the Aud collapsing all across the board. Chinese quit buying??
  • #23
  • Aug 8, 2011 9:35pm Aug 8, 2011 9:35pm
Commodities and equity markets were due for a pull back, but fear has really taken over. Almost capitulation with AUD, which seems to be taking the majority of the hit. Wow, just broke parity with ease. Glad I have been able to work out of some of my CHF trades. Looks like the AUD is next on the list to recover out of...
  • #24
  • Aug 9, 2011 1:23am Aug 9, 2011 1:23am
Quoting George Adams
Commodities and equity markets were due for a pull back, but fear has really taken over. Almost capitulation with AUD, which seems to be taking the majority of the hit. Wow, just broke parity with ease. Glad I have been able to work out of some of my CHF trades. Looks like the AUD is next on the list to recover out of...
I was expecting the AUD to come down but this is like Oct. 2008. These are huge especially the aud/chf. took 2 days profit to clean some of it out. Oh well I am looking forward to when it would hit support again. These are the kind of moves I expect from the gbp/nzd not the aud/chf.
  • #25
  • Edited 7:18am Aug 9, 2011 6:42am | Edited 7:18am
Quoting Mediator
Hello Traders,

i made a Dashboard for a quick Signal overview of all Pairs available (except DKK, SGD, ZAR crosses)

Settings:

Corner = 0 (default) Set the Displaycorner (0=TOP_LEFT, 1=TOP_RIGHT, 2=BOTTOM_LEFT & 3=BOTTOM_RIGHT)
PairColor = DodgerBlue (default) Is the Color of the displayed Pair
SignalColor = Red (Default) Is the Color of the displayed signal;

Signals which shown are: UT, DT, CTR & BO (Breakout);

Nice trading and good business

Mediator
why didn't u look for the previous candle to decide whether we're in an up trend etc?
should be this the procedure, shouldn't it?
otherwise we don't acually know what to do in the morning: if i look at today's candle say at london open, how can i decide if it will retrace or follow the trend? i would look at the previous and see if it touched the MA2 then i'l set a ctr, if it was a trend candle i'll set the h1 re-entry to follow it...
the problem will be when i prepare e re-entry and that candle end up as a trend reversal (like u buy and it just drops and drops....) then i should take the loss if the candle close on the opposite side af the MA8, right?
question again would be: and if i buy an uptrend that is very far from the ma2 and ma8 i would have to loose a lot before getting a "as per rules" ctr moment where i'll have to accept the loss and prepare the 4hr ea to trade towards the ma8 (then sell).
please anyone correct me if i didn't understand correctly...thanks!
  • #26
  • Aug 9, 2011 9:24am Aug 9, 2011 9:24am
After studying my charts for a while I have decided to go live with the following pairs and to just trend trade the most volatile pairs based on my excel volatility report. This way I don't need two live accounts. I will trade the lowest volatile pairs with my range EA and the most volatile pairs with my Daily trend EAs. These are the #5 and #6 on my volatility sheet. I also chose one #4 because it might as well be a #5.

I will have two MT4 on my screen on which trades the range EA and the second MT4 which trades the trend. This way I can keep myself from going crazy. I will only need one live account however. I am not sure how I can report my returns this way. But I will try to come up with something. I hope to have this all set up by the end of the week.

EURO pairs
eur/aud
eur/jpy
eur/nzd
eur/usd
GBP-4 Pairs
gbp/aud
gbp/chf
gbp/jpy
gbp/nzd
USD 1 Pair
usd/chf

This will give me 4 gbp, 4 euro, and two each of aud, chf, nzd, jpy, usd. Obviously the eur and gbp are the two most volatile pairs of the last 3 years. So I hope to get it all set up.
  • #27
  • Aug 9, 2011 11:13am Aug 9, 2011 11:13am
Quoting nanningbob
This will give me 4 gbp, 4 euro, and two each of aud, chf, nzd, jpy, usd. Obviously the eur and gbp are the two most volatile pairs of the last 3 years. So I hope to get it all set up.
hi NB, nice knowing, your sharing your selection with us, hopefully, this newer method will be more fool proof from the market...

the last 2 weeks market movement was crazy... was a BAD BAD week for me, but then

what a better way to start then to start a new account with a new system
  • #28
  • Aug 9, 2011 11:59am Aug 9, 2011 11:59am
Hello Bob

i am new to this business and thinking to learn more while i know some enough but still newbie

my goal is to learn like pro`s knowing when price will reverse

but going hard each day...

but with your 10.0 i dont know what to tell u and how happy i am

after just testing it for half a day i can see everything in clear/easy picture

because of your system now i am going live, while trading using your system still wants to learn more about VSA and finishing babypips...

what i want to say

THANKS very very much
A Ship in Harbor Is Safe, But that Is Not What Ships Are Built For.
  • #29
  • Aug 9, 2011 12:49pm Aug 9, 2011 12:49pm
Quoting The flame
why didn't u look for the previous candle to decide whether we're in an up trend etc?
this i asked Bob for about 2 weeks in the 4h thread too. and with my question i explained my confusing in some pictures.

i take the signals from the actual candle because in the document there is a rule where is written that, if the OPEN of a candle is below/above the two lines an DT/UT is given as long as not the HIGH/LOW is touching the lines.

this would be exactly the rules for the exits after a trend trade.

most of the time a reversal seldom happens with V-pattern and we use a MA2. this line is very tight to priceaction. it is definatly not a good decision to reentry if price is far away from the lines. the best entries you get when a new trend is starting or after the first pullback into retrace.

but Bob could give more answers to your questions for sure.

Mediator
  • #30
  • Aug 9, 2011 4:55pm Aug 9, 2011 4:55pm
Quoting Mediator
Hello Traders,

i made a Dashboard for a quick Signal overview of all Pairs available (except DKK, SGD, ZAR crosses)
...

Mediator
I'm new to Forex and after I spend the last 5 month reading thousands of Posts and threads and learning MQL4 - I feel the start of this new great system (thanks a lot Bob!) is a good moment to start contributing back.

So I took your cool Dashboard Mediator and tried to enhance it a bit:

- The last 5 Days are displayed - so the change of the trend is visible
- Spread, Stoplevel, SwapLong & SwapShort of each pair

Thank a lot to all of you out there !

osthafen


There is a template-file to make it look better:
Attached File(s)
File Type: mq4 NB 10.0 Dashboard.mq4   7 KB | 1,443 downloads
File Type: tpl nb 10.0 dashboard.tpl   < 1 KB | 1,427 downloads
  • #31
  • Aug 9, 2011 7:19pm Aug 9, 2011 7:19pm
Thanks for sharing this!!!
But what does means swaplong ans swapshort???
  • #32
  • Aug 9, 2011 7:21pm Aug 9, 2011 7:21pm
Quoting Mediator
this i asked Bob for about 2 weeks in the 4h thread too. and with my question i explained my confusing in some pictures.

i take the signals from the actual candle because in the document there is a rule where is written that, if the OPEN of a candle is below/above the two lines an DT/UT is given as long as not the HIGH/LOW is touching the lines.

this would be exactly the rules for the exits after a trend trade.

most of the time a reversal seldom happens with V-pattern and we use a MA2. this line is very tight to priceaction. it is definatly not...
Ok lets see if I can explain this more clearly. Let us say the last candle the high and low are above the line. We are in an UT. We have a new open candle above the line, if it retraces at any moment back into a line we immediately think we are moving into a period of range trading. The dashboard can reflect that quite easily.

The tricky part is interpreting a new trend. The candles have been touching the lines for a while and now you have an open which is above a line. The problem being we dont know if it will go back down and touch the line again OR if it will break a previous high and start a new UT. The only way to tell is when it breaks a previous high the UT is continuing or restarting again back into the UT. Getting a dashboard to recognize and change during a candle to me is the tricky part. I can see it on a chart but writing that into code to me is more difficult. The 2nd difficulty is the candles with huge wicks, then we may use the body of the candle to determine its break into a new run. So how to do the dashboard on a present candle? The only way I can think of is the dashboard gives us the previous candle and changes on the present if it breaks the previous swing high/low or the line. For example you may want two columns that indicate previous candle = UT,DT, RT and a present candle Bid is = UT DT RT. So lets say we see the Dash board telling us previous candle RT present bid above the line. We can look to see if a new UT is happening. OR Previous candle UT bid is below the line and give a warning. We then can choose an EA that reenters the trends or the BO EA or CTR. That maybe the best way to do it. Any thoughts??
  • #33
  • Aug 9, 2011 7:31pm Aug 9, 2011 7:31pm
Quoting Balazs227
Thanks for your fast answer Bob!

I put up EAs on every pair avileable to me on your profile. I took some pictures of the charts and EAs I put up on them. Could you take a look at them and tell me if I grasped the core of your system?

 

  1. AUD/CAD EA put up 1H reentry Sell


http://kepfeltoltes.hu/110808/AUD.CA...toltes.hu_.jpg

 

  1. Daily EUR/CHF 4H CTR Both (Should it enter instantly after put up on chart?)


http://kepfeltoltes.hu/110808/EC.4Hb...toltes.hu_.jpg
http://kepfeltoltes.hu/110808/EUR.CH...toltes.hu_.jpg

[list][*]EUR/AUD...

Make sure you have the 4HB and then both price and MA are below the lines on the 4H chart for the entry. Right now I would only try buying the CHF. It is not going to follow any indicator because people are buying into it as a safe haven from the USD and EURO. When you have super news stories indicators cant indicate that. I mean this is August for crying out loud and the markets are all over the place. It is beginning to look like Oct. 2008 all over again. For example the Aud/Chf has moved as big of candles as it did back then. August is usually very quiet that is why I timed 10.0 to release now so we wouldnt be trying to learn it in a whacky market but that is what we have. Oh well. Welcome to Forex guys and gals.
  • #34
  • Aug 10, 2011 4:15am Aug 10, 2011 4:15am
hi guys check this template out and tell me what u think....switch from d1 to h4 to h1 to explore all the features!
the images are an example...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: temp1.jpg Size: 219 KB
Click to Enlarge Name: temp2.jpg Size: 224 KB
Attached File(s)
File Type: zip 10.0 BOB stuff.zip   57 KB | 1,172 downloads
  • #35
  • Aug 10, 2011 4:34am Aug 10, 2011 4:34am
Hi Bob,

thank you for coming up with this system. I've been going through your booklets and I got a few questions hopefully you can help me with.

1) Do we trade from the daily chart? Because you mentioned in booklet 10.0a that we are only using daily chart to get a general direction of where the market is moving and then proceed to trade on the lower chart. If so, how will we be using the EAs for the daily chart?

2) How are the EAs be triggered? For eg if the candlestick is already trading below the blue/red line will it immediately enter a trade? I'm facing some problems using the EAs since it doesn't seems to execute any trade for me even though the trade criteria has been reached.
  • #36
  • Aug 10, 2011 7:45am Aug 10, 2011 7:45am
Quoting orionhan
Hi Bob,

thank you for coming up with this system. I've been going through your booklets and I got a few questions hopefully you can help me with.

1) Do we trade from the daily chart? Because you mentioned in booklet 10.0a that we are only using daily chart to get a general direction of where the market is moving and then proceed to trade on the lower chart. If so, how will we be using the EAs for the daily chart?

2) How are the EAs be triggered? For eg if the candlestick is already trading below the blue/red line will it immediately...
The daily chart gives you your reads. From it you decide how you want to trade that day. Then you decide what system you want to trade or wait. Daily chart EAs are used for 3 reasons. A. Out side in or recovery, B. inside out to reenter the trend or C. go with change of trend. Those are the Daily EAs. The 1H or 4H EAs are to trade the range or reenter the trend. CTR stands for counter trade or range.

If the EAs are not entering it may be your broker, for example the lots are set at .01 but your broker's minimum is .10 lot. You will have to change the EA for that. To help you we need more information with that question. For example you need to show a pic of the supposed missed trade and your broker.
  • #37
  • Aug 10, 2011 7:52am Aug 10, 2011 7:52am
Quoting The flame
hi guys check this template out and tell me what u think....switch from d1 to h4 to h1 to explore all the features!
the images are an example...
Ouch. too many lines. 6ths Indicator and pivots are variations on the same theme. Use one or the other but not both. Good traders use one or two indicators and an ear on fundamentals. Some favor one more than the other. Keep your trading simple My win ratio is above 70 % almost all the time. I use basically two MA lines and read the candles reaction to them. That is all I need. I use a MACD. 2Line STO at the bottom to help sense the strength of the move and TP. That is it. I make my decision and most of the time it works. If you like pivots, S&R, or the 6ths. Choose one because they all do the same thing. Take my system and add maybe one indicator you are familiar with and know and you should do well. I would get a headache staring at that many lines.
  • #38
  • Aug 10, 2011 7:59am Aug 10, 2011 7:59am
Quoting nanningbob
Ouch. too many lines... I would get a headache staring at that many lines.
AGree totally. Too many lines lead to confusion and indecision. I only have BOBs Indicators plus the NB S&R (which is fractal based) that is all.

Kind regards
P.s. I am very happy to see master PHOVER reading the thread. I hope is well with you and it is good to have you back.
  • #39
  • Edited 8:46am Aug 10, 2011 8:15am | Edited 8:46am
i think no one got what's in that screenshot! did you at least watch it??

so lets say it!
4hr timeframe
rwb: part of you system
ma8 and ma2 daily but u can watch them even in the 4hr timeframe to check without changing anything: part of you system (i just put them in 4hr timeframe)
max and min of the previous day: part of what u tell in the booklet
no pivot at all: where the eck did u see them???
sixth: forgot it actually, (it was also in YOUR zip file..........anyway....)
bb: your system
ma3: you system
daily division: it's not actually an indi but when u're under 4h time frame is useful to catch in a sec where exactly is the day before and the previous one..
resume of 4hr: your setup!! i just add sixsth ad the two daily ma that of course have a step shape in the 4hr timeframe.....

1hr timeframe:
bb: your system
mahigh malow: your system
rwb: your system
mtf daily ma8 and ma2: you system, just added in a mtf shape to keep an eye on them even when you're in a different timeframe...so that when i get a trend signal i can check the shape and the position of the daily ma without changing chart or mt4!
4hr bb: useful to undertand that if u're opening a position 20 pips far from the 4hr bb it could be smart to wait and see if the price goes there!

guys no offence but at least i thought that before saying anything you would have tried to understand what's in there! that's why i created a zip with all the indi i used, in order to let anyone understand that there's no pivot, no new indicators no other stuff at all except the one described in the system....i just found a way to keep them together, trading the 4hr or the h1 without switching to D1 to see where the heck are the two ma! it's not a problem of being a professionist (i actually am but who can say that he knows everuthing??we kust learn new things everyday...)

i've modified phover dashboard(actually just the manager) (please come back we need u so much!!!) to trade this system properly with trend and ctr signal, but u know, if no one watch.....
...how could he gets new things?
  • #40
  • Aug 10, 2011 8:33am Aug 10, 2011 8:33am
this would have been the next release...
new eas hardcoded in the manager
new understanding of primary and secondary signals...

my bad...i thought that could be useful...!
Attached Image (click to enlarge)
Click to Enlarge Name: dash.png Size: 180 KB
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