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Nb 10.0 range trading system

  • #21
  • Aug 14, 2011 4:48pm Aug 14, 2011 4:48pm
Hi Bob,

I ran CTR on H1 and H4 on 2 seperate platforms ,the remarkable thing is 10.0 made around 320 pips on both !!

I didnt have much time last week so more or less I let it do its own thing !!

I also closed out all positions at the end of the week .

This is looking great , thanks Bob.
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  • #22
  • Aug 14, 2011 8:01pm Aug 14, 2011 8:01pm
ianp,

are you willing to share your setting file?
  • #23
  • Aug 14, 2011 8:53pm Aug 14, 2011 8:53pm
Quoting lotabulstool
ianp,

are you willing to share your setting file?
It is OOTB , I have not changed any settings .
  • #24
  • Aug 15, 2011 3:59am Aug 15, 2011 3:59am
Can someone help clarify for me - I used the NB 5.0 counter trend system so maybe that is making me a bit confused.

Rules
If a candle high/low moves inbetween the daily MA's then we are in a pause of trend or start of renage trading and looking to use CTR system.

Now with 4hr system are we now looking to ctr back into the prevailing trend ie if trend is down price action has now retraced back inbetween MA's on daily then we drill down to 4hr and look to sell using perhaps RWB multi indicator to show over brought

Or as we are now in range we just trade like the old NB5.0 and trade up and down as dictated by RBW indicators

In 1 hr CTR do the same but on low volitile pairs (trade both ways ) or again are we looking to get back in on trend ?
  • #25
  • Aug 15, 2011 5:04am Aug 15, 2011 5:04am
For Nanningbob
I had followed your threads about your exploits in range trading. I do like most of it the original idea, how it is executed, overall wonderful strategies and could be executed even for the ppl with the iq that is less than genius. I loved most range trading strategies as that has given the best profit and has stood the test of time.

Im not sure if someone has pointed before, i just wondering why so many pairs? Or did i making a mistake that your strategy can be executed for 1 -2 pairs only.Im only am comfortable trading 2 - 3 pairs max as it can daunting to monitor 10 pairs at once ,especially using small account. The potential drawdown can be disastrous if played wrong.Thats what keeping me from trying your strategies..or is there a hidden reason trading so many pairs at once?Forgive me if im wrong ,i only had few years trading forex at thats only limited to a few pairs,compared to your vast experience.
I'd care to hear your thoughts about this.Thank You
  • #26
  • Aug 15, 2011 5:19am Aug 15, 2011 5:19am
Quoting censura
Can someone help clarify for me - I used the NB 5.0 counter trend system so maybe that is making me a bit confused.

Rules
If a candle high/low moves inbetween the daily MA's then we are in a pause of trend or start of renage trading and looking to use CTR system.

Now with 4hr system are we now looking to ctr back into the prevailing trend ie if trend is down price action has now retraced back inbetween MA's on daily then we drill down to 4hr and look to sell using perhaps RWB multi indicator to show over brought

Or as we are now in range we...
This is a range trading system using low volatility pairs. We really dont read the 1 Day chart unless we need to recover a trade. We just take a handful of pairs and let the EA run and then counter trade the runners. That is why we are using low volatility pairs.
  • #27
  • Aug 15, 2011 7:01am Aug 15, 2011 7:01am
With the big moves of late, very wise advice from Bob to remember to trade the right lot size ie. .01 per $2000. I bet a lot of accounts were wiped out this month that were previously trading lot sizes too large for account.

PS: I have been out of market all month, might dip my feet in again.
  • #28
  • Aug 15, 2011 8:43am Aug 15, 2011 8:43am
So it is just set up profile of pairs (low volitiliy) 1hr attach the CTR1hr both ea and let it do its thing and manage the runners as you say as per previous nb5.0 ie use recovery or hedge as appropriate.

Is it not the purpose of the daily charts you produced to identify ranging opportunities as oppossed to trending opportunities or is it that this is not necessary (as you seem to suggest) as they will all range at some point and the low volitility means you are not going to get into too much do do if it goes against you and with exp and skill you should be able to manage the recovery out of these situationsabout

4hr ctr is this to be used on volitile pairs and like old 5.0

Finally on 1hr ctr what is a suitable dd in pips to look at recovery it used to be 200 in 4hr nb5.0 so is it 50 in 1hr??
  • #29
  • Aug 15, 2011 10:16am Aug 15, 2011 10:16am
Quoting censura
So it is just set up profile of pairs (low volitiliy) 1hr attach the CTR1hr both ea and let it do its thing and manage the runners as you say as per previous nb5.0 ie use recovery or hedge as appropriate.

Is it not the purpose of the daily charts you produced to identify ranging opportunities as oppossed to trending opportunities or is it that this is not necessary (as you seem to suggest) as they will all range at some point and the low volitility means you are not going to get into too much do do if it goes against you and with exp and skill...
So far I am only using 4H CTR in recovery. I have some things I think it can be used for but I need to do more testing with that one. My theory is to use medium volatility pairs with the 4H but have not tested that yet.

The 1H I am just letting it fly 24/7 and counter trading the runners. So far so good. Got caught with my pants down some last week but what normally would have been massive DD ended up staying under 20% of my account. There was a time I went over 20% but I added funds to bring it under and closed a couple of aud/chf trades. I have now banished the aud/chf to another level so I wont deal with that one again but recuperating from a -1400 pip DD on that pair has kind of got me pumped. Normally that would have been a disaster.
  • #30
  • Aug 15, 2011 10:23am Aug 15, 2011 10:23am
And

Finally on 1hr ctr what is a suitable dd in pips to look at recovery it used to be 200 in 4hr nb5.0 so is it 50 in 1hr??

http://www.forexfactory.com/images/m...ading_dark.gif

  • #31
  • Aug 15, 2011 10:33am Aug 15, 2011 10:33am
Quoting nanningbob
This is kind of funny. I posted 3 systems and this is the one I am trading live and it has the least amount of attention...
As you know trend trading gets all the good press and the glory but counter trend / range trading is considered to be more risky and needing much more skill.
I find range trading to be much more predictable and profitable than trend trading.
Kind Regards
  • #32
  • Aug 15, 2011 10:44am Aug 15, 2011 10:44am
This is the strength of 1H CTR. It knocks down a lot of trades on low volatility pairs. Since Aug. 1, and this is a live account, it has taken161 closed trades. 133 are winners 28 losers for a win percentage of 82.6% During that time I suffered some of the biggest moves in Forex since Oct. 2008. aud/chf -1400, gbp/cad -780, nzd/chf -800, were some of my DD. Despite that 10.0 kept me from entering too often and having too many levels. I waited patiently for my reentry and tried not to guess at it. Each one, except for the gbp/cad so far, came back and broke even or even made a nice profit. I have an incredible 13% increase of my original amount profit through today. Yet I am trading 3 penny or 5 penny trades. Why is this working. With 3 penny trades I only need 35 pips to make a dollar, 70 pips to make two dollars, and 100 pips to make 3 dollars on most currencies. Multiply that times 133 winners and you can see the money add up fast but the DD are comparatively small. I cant tell you how tickled I am at these numbers. If I can knock that down in what is really a horrible month for range trading, just imagine what will happen if prices do range. I mean I invented a trend system and a counter trend system to go with 10.0 but if this keeps up, why bother. I have my money maker.

Lets do the math. aud/chf -1400 x .03 = 42.00 dollars down at one point. With 1000 in the bank that is easy to handle. 133 winners at 1.69 average win = 224.77 then subtract a small handful of losers and you can see where this is going. The DD breathes in and out, in and out, but the winners just keep adding to the pile. This is really exciting to me. This is like comparing compound interest to simple interest. The winners keep compounding, the losers are a one time event.

Well time for bed. Oh that is why I use 10-15 currencies to trade. While a couple are running away from you the rest are piling on the profit.
  • #33
  • Aug 15, 2011 10:53am Aug 15, 2011 10:53am
Hi Nanning - been following your thread with interest. I am glad it is working.

I am surprised Mr Hepwood hasnt got involved yet, to create a single super dooper EA yet. Should we gently drop him or some of the other talents on FF a hint?
  • #34
  • Aug 15, 2011 10:59am Aug 15, 2011 10:59am
Quoting superbandam3
For Nanningbob
I had followed your threads about your exploits in range trading. I do like most of it the original idea, how it is executed, overall wonderful strategies and could be executed even for the ppl with the iq that is less than genius. I loved most range trading strategies as that has given the best profit and has stood the test of time.

Im not sure if someone has pointed before, i just wondering why so many pairs? Or did i making a mistake that your strategy can be executed for 1 -2 pairs only.Im only am comfortable trading 2 - 3 pairs...
Thank you for your note. I dont know why but FOREX seems to be a different animal when it comes to trading rules. I finally believed them to be mostly garbage.

1. For example, you are told to trade one currency and get to know it, yet almost all investor advice I have heard, read, or seen tells you to diversify your portfolio. Trading many currencies, if you choose a good mix, allows for that.

2. You are told to have tight SL yet I have never heard of a broker advise a client to put in a trade with 1/8 of a penny stop on a stock trade. Yet that is what is done in Forex. 30 pip stop is 3/10 of a penny. I dont know anyone who trades like this with stocks, futures, bonds, commodities, on and on.

3. You are told to never do multiple levels or trades, (I don't mean martingale either) Yet it is common practice in stocks, etc. to add to your position over time and increase your holdings. Buy and hold is the watchword of the stock market. The big boys who trade with millions on the line buy and hold and add to their positions over time.

I really didnt become profitable in Forex until I threw out practically every piece of advice I ever got from so called Forex gurus. I think they just try to sell the rehashed garbage of everyone else. If you think about it, a lot of what I teach is based on Non Forex investment strategy. Start small, add to your position over time, diversify, and give your trade space and time to move in your direction. That is basic stock strategy 101. What is a stock purchase plan at almost every company in the world? Set aside part of your paycheck every month and buy their stock and hold until your retire. What do I do? I buy at a price. If it works I close and make profit, if it doesnt at some point I buy again, and sometimes I buy again and then I follow the rule that is 100% true all the time in FOREX. What goes down must come up and what goes up must come down. Time is always on your side if you trade with some smarts and patience.
  • #35
  • Aug 15, 2011 11:00am Aug 15, 2011 11:00am
Quoting Viv108
Hi Nanning - been following your thread with interest. I am glad it is working.

I am surprised Mr Hepwood hasnt got involved yet, to create a single super dooper EA yet. Should we gently drop him or some of the other talents on FF a hint?
He will notice at some time. Once word gets around that Bob is making money in a bad FOREX market, he will stop by.
  • #36
  • Aug 15, 2011 11:03am Aug 15, 2011 11:03am
Bob your using the 1hr CTR with only the trend.

4hr CTR with ranging ?
rat
  • #37
  • Aug 15, 2011 11:11am Aug 15, 2011 11:11am
Quoting astral77
As you know trend trading gets all the good press and the glory but counter trend / range trading is considered to be more risky and needing much more skill.
I find range trading to be much more predictable and profitable than trend trading.
Kind Regards
YUP me too.
  • #38
  • Aug 15, 2011 11:12am Aug 15, 2011 11:12am
Quoting rattyo
Bob your using the 1hr CTR with only the trend.

4hr CTR with ranging ?
Page 1 Post 1 first sentence:

In this thread we will talk about range trading with the 1H CTR BOTH EA. We will use the 4H CTR and Daily recovery EA for 2nd and 3rd level trades. I traded this system through the first week of August and the results were stunning. These are live trades using .03 and .05 cents lots. Here are my results:
  • #39
  • Aug 15, 2011 4:15pm Aug 15, 2011 4:15pm
hope phover will code the things i talked to him about...i'd like an automatic "volatility level" recognition in the manager, so that as soon as i look at the chart i see the "volatility class" of that pair, so no need to have notes or so....and when the classification changes we..change it either in the code!
  • #40
  • Aug 16, 2011 1:48am Aug 16, 2011 1:48am
Hi Flame bob uses the 1hr counter trade both as one of his strategies is this the same as your ea1 automatic buy/sell detection ea and will it continue to look for opportunities after each trade closes
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