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Nb 10.0 trend trading system

  • #181
  • Aug 22, 2011 7:44am Aug 22, 2011 7:44am
Quoting yaniv_av
But, according to 10.0 definition, "range" is defined only when price/high/low is between the MA's, doesn't it?
So you actually range trade using O.I also when price is in clear UT/DT but seems to be consolidated? For example, euraud which yesterday you said you O.I it? What about the RWB? in this case it seems very bullish. Does it affect your decision? Or only fundamentals?

You cannot get me to do a buy on any Euro except the eur/gbp right now. Simply not going to take the chance. One word from any important German official and that thing will crash like crazy. I will do sells but no buys. The possible fundamentals on that one are just way too strong.
  • #182
  • Aug 22, 2011 7:55am Aug 22, 2011 7:55am
Quoting nanningbob
The new EAs posted pg 1 post 1 update #2 made by Steve Hopwood have a true false set up for ECNs. Just change it to true when you take it to the screen and save the template for future trades. Then use Steve's MPTM to set up your TP, SL, TS, etc. if you desire those things.

Bob,

Is there a way to identify on these updates exactly what may have been changed so that we don't reinstall ea's that are not revised or read through the manuals that have not changed?

Thanks,
  • #183
  • Aug 22, 2011 8:19am Aug 22, 2011 8:19am
Quoting spyderman
Bob,

Is there a way to identify on these updates exactly what may have been changed so that we don't reinstall ea's that are not revised or read through the manuals that have not changed?

Thanks,

The only real update was on the 4H on update #1. Update #2 is for those who want Steve's EAs that also are ECN compatible and have no TP in them. They enter exactly the same as the other EAs. Any official changes are on page 1 post 1 and the explanations are there. I still use all the EAs in post 1 with the 4H update
  • #184
  • Aug 22, 2011 8:34am Aug 22, 2011 8:34am
Quoting nanningbob
You cannot get me to do a buy on any Euro except the eur/gbp right now. Simply not going to take the chance. One word from any important German official and that thing will crash like crazy. I will do sells but no buys. The possible fundamentals on that one are just way too strong.
Thanks man!

Can you refer to my selected EA's in post #179? Let's say I don't know anything about the fundamentals - are my selections make sense?
I want to know if I'm on the right way with this system...
  • #185
  • Aug 22, 2011 5:44pm Aug 22, 2011 5:44pm
[quote=yaniv_av;4889320]Ok, this morning I've started 10.0 on demo.

I would like to get your opinion on my first decisions:
EURNZD: 4H CTR Buy - this pair is in UT, and I want to reenter the trend.
I am not doing buys on the Euro right now and this is a very volatile pair but it is the proper choice and read.
EURCAD: Daily O.I recovery - this pair is in UT, but the price seems to have a strong resistance + RWB shows weakness.
To me that would be a very good trade
GBPCHF: 4H CTR Both - this pair is in range (between MA's) with large spacing and I don't know the future direction.
The BB are very narrow right now I have no read on the gbp but it is ranging well. gbp could be a good buy this fall but I am hoping for a downward retrace for the near future. gbp/usd is making me look good with the 1H CTR right now.
USDCHF: 4H CTR Both - same as GBPCHF.
Of all currency pairs the CHF always gives me the most trouble. Since the Greek thing last year it just wont retrace very well. Now the Swiss Bank is trying to get things under control so maybe some volatility will come back to it.
USDJPY: 4H CTR Sell - this pair is in range, and I believe the direction is down.

I have been taking 20-30 pip profits on this thing. I mean price is running really tight.

Thanks!
  • #186
  • Aug 22, 2011 8:47pm Aug 22, 2011 8:47pm
I PM'd Nanningbob and he suggested I post on the forum to see if someone else has experience to share to aid in a fix. Just skip to the next message if you have no interest. I apologize for specific broker information relayed, but it is pertinent to the error I am receiving on the NB EAs.

I have set up 10.0 NB EAs on IBFX (Interbank FX) in US (non-ECN and standard lots) and the EAs are triggering just fine.

My live account is with MB Trading in US (ECN and mini lots). I have tried demo trading the 10.0 1H CTR BOTH EA modifed per 10.0 loading instructions for ECN and mini lots. The other settings are default as used for IBFX. The trade attempts to trigger and the server gets the request per the experts journal. Then I get an error saying buy 0.1 "pairname" opening at 0.000 sl:0.000 tp:0.000 [Off quotes]. Obviously the off quotes error is due to the price being 0 and far different from the price trading currently, but I don't understand why it is saying opening at 0.000 and not indicating the current price.

I don't think this is due to high traffic or spike in price, as it has happened with every trigger. Sometimes the error continues until the demo account is disabled. I shut down the platform, re-open it, create a new demo account and it happens again on the next pair to trigger.

If anyone is using MB Trading successfully, please advise, or if you have suggestion for fixing the issue. I have attempted to research the error, but have not found the right information yet. Perhaps it is something really simple. I do know that MB Trading is a non-deal desk and they have a slightly modified version of the MT4 platform that might contribute to the error. However the MBT insists the difficulty lies with the EA. I suspect it may be a combination of specific code in the EA being incompatible with this version of MT4 platform, but don't know how to fix.

Thanks to NB and all involved for a great system.
  • #187
  • Aug 22, 2011 11:32pm Aug 22, 2011 11:32pm
Quoting PaulaC
My live account is with MB Trading in US (ECN and mini lots).
Then I get an error saying buy 0.1 "pairname" opening at 0.000 sl:0.000 tp:0.000 [Off quotes]. Obviously the off quotes error is due to the price being 0 and far different from the price trading currently, but I don't understand why it is saying opening at 0.000 and not indicating the current price.
there are many complaints regarding slippage, and other issues with MB; just read the reviews: http://www.forexpeacearmy.com/public....mbtrading.com
soo much restrictions with US brokers.
.1 >>> minimum lot size for MB is .1 (dime); the default lot size in the Bob's EAs are .01 (pennie)
I think your MT4(EA) trying to send a trade with a lot size that's below minimum requirement of .1
some Brokers has increment restriction also, hotforex is straight forward for offshore , and has good review.
Attached Image (click to enlarge)
Click to Enlarge Name: mb.GIF Size: 66 KB
  • #188
  • Aug 23, 2011 4:21am Aug 23, 2011 4:21am
[quote=nanningbob;4891555]
Quoting yaniv_av
EURCAD: Daily O.I recovery - this pair is in UT, but the price seems to have a strong resistance + RWB shows weakness.
To me that would be a very good trade
Ok, now I need to understand what to do when things go wrong
I'm (-110) pips on this trade, with Daily O.I.
What should I do now?
Wait? Close? Recover? If recover - with what EA?

Thanks
Attached Image (click to enlarge)
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  • #189
  • Aug 23, 2011 5:14am Aug 23, 2011 5:14am
[quote=yaniv_av;4893062]
Quoting nanningbob

Ok, now I need to understand what to do when things go wrong
I'm (-110) pips on this trade, with Daily O.I.
What should I do now?
Wait? Close? Recover? If recover - with what EA?

Thanks
Wait patiently for price to retrace or wait for recovery. When trading the Daily chart you can wait days for a trade to do something. I am have waited two weeks now for the gbp/cad to retrace. Have picked off some nice tops but not much retracement yet.
  • #190
  • Aug 23, 2011 6:15am Aug 23, 2011 6:15am
Hi.

How are you guys doing. I have opened my first trades using this strategy and have so far not been doing so good. I have only been taking daily trades in the direction of the trend of the pairs that i choose. Well, closed profit is 195 pips and loss is 427 pips. Im probably doing something wrong.
I will give you more details later so you can review my trades or tell me what im doing wrong.
Best of luck..
Doroteo
  • #191
  • Aug 23, 2011 6:24am Aug 23, 2011 6:24am
Quoting nanningbob

Wait patiently for price to retrace or wait for recovery. When trading the Daily chart you can wait days for a trade to do something. I am have waited two weeks now for the gbp/cad to retrace. Have picked off some nice tops but not much retracement yet.
Talking about this trade, when (theoretically) will you decide that this trade is wrong and you should close/recover?
  • #192
  • Aug 23, 2011 9:19am Aug 23, 2011 9:19am
Quoting yaniv_av
Talking about this trade, when (theoretically) will you decide that this trade is wrong and you should close/recover?
I read the candles like I always do and decide every day what my actions are. Let price do its thing and wait. If you cant wait then trading daily candles is not for you. Like I said sometimes that can be for weeks. If you entered the trade today, go fishing relax and wait to see what price does. I am not trading the Eur/cad right now but I did decide to turn on my EA and see if it goes south. I also see it has come back to its open for the day so it is playing dead right now. I dont know what your lots sizes are but if I have 10 trades going and they all go -1000 pips in the hole (thats a negative 10,000 pips). I am not even 10% down on my account. So these little 100 pip jumps which is one penny in real money dont bother me in fact I dont even look at them. The trades I am working on are the ones in profit or when they get 3-500 pips in the hole then I see if I want to set a 2nd level trade or not. So go to bed and enjoy the day, unless you over leveraged your account and you are trading too big of lots, well then I can see why you maybe bothered. I go to bed during the USA session when most of the action happens. I get up in the morning here in China and see what happened and then plan my next move. So when the Japanese get up out of bed I will see what price has done and then decide what I want to do next. So I am going to bed now.
  • #193
  • Edited 10:29am Aug 23, 2011 10:15am | Edited 10:29am
Quoting nanningbob
I read the candles like I always do and decide every day what my actions are. Let price do its thing and wait. If you cant wait then trading daily candles is not for you. Like I said sometimes that can be for weeks. If you entered the trade today, go fishing relax and wait to see what price does. I am not trading the Eur/cad right now but I did decide to turn on my EA and see if it goes south. I also see it has come back to its open for the day so it is playing dead right now. I dont know what your lots sizes are but if I have 10 trades going and...
First, I really want to thank you on your detailed answers, and in general on your hard work on this great thread. Well done!

To the point - I trade on demo with 2000$ balance on mini account, with 0.01 lots per trade. So I'm not bothered at all even if it will go -1000 pips against me As I'm new to that system, I just wanted to know its limits, and when I should change my mind and close a loosing position.
From your answer I thing I got it on general, but still will need to practice once it will really happen.

And another 2 unrelated questions, once you'll wake up and have time to answer
1. Suppose you want to trade CTR - how do you decide whether to use the 4H CTR or the 1H CTR?
2. Suppose you decide to CTR down during an UT (like I did with eurcad) or up during a DT - how do you decide whether to use one of the CTR EA's (4H/1H) or the daily O.I EA?

Thanks and good night!
  • #194
  • Aug 23, 2011 5:03pm Aug 23, 2011 5:03pm
Quoting yaniv_av
First, I really want to thank you on your detailed answers, and in general on your hard work on this great thread. Well done!

To the point - I trade on demo with 2000$ balance on mini account, with 0.01 lots per trade. So I'm not bothered at all even if it will go -1000 pips against me As I'm new to that system, I just wanted to know its limits, and when I should change my mind and close a loosing position.
From your answer I thing I got it on general, but still will need to practice once it will really happen.

And another 2 unrelated questions,...
As long as the high/low are playing opposite of the lines you can use the CTR. You look at the charts and see which one looks like a better trade for you. The 4H CTR may enter only once or twice a week. The 1H CTR can enter almost every day. The usage of them depends on how you want to use it. Recovery or a main trade. Both CTR are doing great right now because the entire market is ranging. This is August so they are doing very well. When prices start trending this fall they will have a more difficult time and trending will do better. Your education in Forex will take years as you go through these different seasons and see how it affects prices. One of these days an IO EA will hit the jackpot and a news story will start pushing prices into a trend and we will be able to use the trend system. The problem I have with these know it all trading gurus is they only teach trend and breakouts but the market ranges 70-80% of the time. So I will spend most of my time counter trading and range trading because, to me anyway, that is where the money is really at and you try to recover trades that just go bad. With 10.0 though at least now I know when I am in a trend so I will take the ride if I can catch it.
  • #195
  • Aug 23, 2011 10:00pm Aug 23, 2011 10:00pm
[quote=yaniv_av;4893062]
Quoting nanningbob

Ok, now I need to understand what to do when things go wrong
I'm (-110) pips on this trade, with Daily O.I.
What should I do now?
Wait? Close? Recover? If recover - with what EA?

Thanks
Yaniv_av, I have a detailed explanation of this recovery in the range trading thread, post #107. I am 18 days into the recovery and patiently waiting for the retracement. If this retraces soon, you might not need to take an L2 trade only being -110 pips down...

George
  • #196
  • Aug 24, 2011 5:04am Aug 24, 2011 5:04am
[quote=George Adams;4896053]
Quoting yaniv_av

Yaniv_av, I have a detailed explanation of this recovery in the range trading thread, post #107. I am 18 days into the recovery and patiently waiting for the retracement. If this retraces soon, you might not need to take an L2 trade only being -110 pips down...

George
Thanks George. Can you please refer to my follow-up question on the range trading thread? post 117.
Nanningbob, as it's a very basic question on the heart of 10.0, can you please refer also?

Thanks my friends!

http://www.forexfactory.com/showthre...84#post4897184
  • #197
  • Aug 24, 2011 5:43am Aug 24, 2011 5:43am
I am learning NB10. Thanks for a terrific and comprehensive system!

Is it possible for when ECN=true, to code the EAs that normally have a set TP and SL to allow non-zero TP and SL by sending a two-stage order whereby the initial order is sent with TP and SL set to zero, but as soon as that order is accepted, an immediate modify order for the designated TP and SL is sent automatically? You likely have no need of this in China, so maybe no interest, but it would be a nice feature for US users. I know I can set MPTM to take over, but not always in front of computer when initial order triggers.
  • #198
  • Aug 24, 2011 9:09am Aug 24, 2011 9:09am
Quoting Culb912
I am learning NB10. Thanks for a terrific and comprehensive system!

Is it possible for when ECN=true, to code the EAs that normally have a set TP and SL to allow non-zero TP and SL by sending a two-stage order whereby the initial order is sent with TP and SL set to zero, but as soon as that order is accepted, an immediate modify order for the designated TP and SL is sent automatically? You likely have no need of this in China, so maybe no interest, but it would be a nice feature for US users. I know I can set MPTM to take over, but not always...
That is what the mptm is for, with two EAs operating one can enter trades and the other set TP, SL, TS etc for you. Most companies wont take one step EAs anymore. Steve may have an EA that does that now but I am happy with his MPTM.
  • #199
  • Aug 24, 2011 11:21am Aug 24, 2011 11:21am
Once again - thanks for the hard work and the teaching! You've got the heart of a teacher and I really appreciate that for everyone here.

Quick question: still using the same pairs as identified on the beginning posts of the threads?

I'm with ibFX as well and I have 12 pairs on the 1H CTR Both and 7 pairs on the 4H CTR. This overlaps the AUDNZD, EURGBP and GBPUSD (one on each 1H and 4H)...

Just wanted to see what you are currently trading live!

mDf
  • #200
  • Aug 24, 2011 12:58pm Aug 24, 2011 12:58pm
Hi nanningbob, i've this problem in demo with 4h ctr both, it sends multiple order on usdjpy. i've attached statement.
thank you for your job.
Attached File(s)
File Type: zip statement.zip   10 KB | 383 downloads
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