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Nb 10.0 range trading system

  • #181
  • Sep 6, 2011 10:00am Sep 6, 2011 10:00am
Quoting dryclean
http://www.myfxbook.com/members/dryc...-w-mptm/160394

Here is CTR BOTH running with MPTM untouchd since Fri

not bad if DD shrinks
Grats on those results!

what MPTM settings are you using?
  • #182
  • Sep 9, 2011 11:55am Sep 9, 2011 11:55am
Here are my results with the CTR 1H Both EA. I sorted them by pair to show the huge differences between them. I have MPTM set to go to breakeven at 45 +30 and also a jumping stop after breakeven.

I take profit when I think a move has stalled but perhaps I should let trades run for longer since my overall results aren't great.

Any suggestions are welcome!
Attached File(s)
File Type: xls fxevalNB10.xls   2.3 MB | 731 downloads
  • #183
  • Sep 9, 2011 12:29pm Sep 9, 2011 12:29pm
I am still chugging along here. The problem with my results now is it includes some trades from trend trading so that helps my over all total. Trend trades are done at .02 and CTR trades are done at .04. From Sept. 1 until today my account has increase 6.8% which is very solid my DD is low with chf/jpy and nzd/chf providing most of it. It just keeps bouncing up and down and collecting pips. If I take out my trend trades my increase would be around 3% for one week which is very acceptable. I will continue to pick and choose my trend trades and keep the CTR going full tilt. I am not using an MPTM at this time.
  • #184
  • Sep 10, 2011 6:43pm Sep 10, 2011 6:43pm
Hi Bob, say you have a trade that goes 100 against you and then retraces 50 and hits the opposite bb, will you allow the ea to close the trade for a loss of 50 odd pips when it hits opposite bb, or will you shut the ea down and set a manual tp at be?
  • #185
  • Sep 11, 2011 2:54am Sep 11, 2011 2:54am
Quoting Frodog
Hi Bob, say you have a trade that goes 100 against you and then retraces 50 and hits the opposite bb, will you allow the ea to close the trade for a loss of 50 odd pips when it hits opposite bb, or will you shut the ea down and set a manual tp at be?
The 1 Hour needs to be manually closed and I only use the BB close on the 4H first level. I will close a 2nd or 3rd level trade for profit and keep the 1 L loser to play with at a later date. I especially do this when I think price will range instead of giving a full retrace. So often my recovery trades are multiples instead of singles. On the other hand if I know I am just on the wrong end of a trade I will take anything close to a BE. So if I am 300 down at .2 lots and my .4 lot retraces 75 pips (other side of BB band) I will just take the acceptable loss especially if other trades that day make it even.
  • #186
  • Sep 12, 2011 1:20am Sep 12, 2011 1:20am
Bob, When in recovery do you use 10.0 recovery for L2,L3 trades off the daily chart 100% of the time. I know you don't always go for full recovery on first attempt, but do you always re-enter l2,3 off the daily 2ma?
  • #187
  • Sep 12, 2011 3:33am Sep 12, 2011 3:33am
Quoting Frodog
Bob, When in recovery do you use 10.0 recovery for L2,L3 trades off the daily chart 100% of the time. I know you don't always go for full recovery on first attempt, but do you always re-enter l2,3 off the daily 2ma?
I will also use the 4H CTR or reset the 1H CTR with new magic number to play the bounce off the highs when price action warrants it. But most of my reentries are OI EA on the daily.
  • #188
  • Sep 13, 2011 2:06am Sep 13, 2011 2:06am
Bob, would you recommend this course of action as per attached ea? I have this hedged and would need a 50 pip retrace to BE. Or I could just close the buy trade and enter a new sell off the ctr ea.
Attached Image (click to enlarge)
Click to Enlarge Name: eu recovery.gif Size: 21 KB
  • #189
  • Sep 13, 2011 2:39am Sep 13, 2011 2:39am
Quoting Frodog
Bob, would you recommend this course of action as per attached ea? I have this hedged and would need a 50 pip retrace to BE. Or I could just close the buy trade and enter a new sell off the ctr ea.
For me to even think I could get a 50 pip retrace on a EURO pair would be tough. A 50 pip loss is very acceptable with any Euro buy trade right now. You can sit on it until the Greek thing resolves itself or just take the loss. I would be hesitant to try to recover. At any moment Germany could say NO MORE and watch that thing drop like a rock, or Greece say NO MORE or France credit downgrade or ................... I think you get the picture. Anyone of those scenarios could drop the EURO very quickly. However, if I were to try such a thing I would do it during the jpy session where I have a very good chance that price would not run on me if it didn't succeed. If you had a BB bottom on a lower chart like 1H, 30M, etc and try to run it to the top during off hours would be the best bet.
  • #190
  • Sep 16, 2011 6:21pm Sep 16, 2011 6:21pm
Despite sitting on 4 recovery trades for now NZD/CHF, CHF/JPY, GBP/USD and AUD/CAD I have been plugging along all month. It was definitely a slower week but still managed some profit. The problem with reporting is I trade all forms of my 10.0 system on one account. So I will report two numbers. All trades I increased my account since Sept. 1 11.1% The pairs just using the 1H CTR is 5.5%. My win to loss ratio since Aug. 1 when I started using 10.0 for all my trading is 80.2% which is over a 10% increase over my previous trading experience with my other systems from a 1 year period. So so far I am very pleased with the results both increase in my account and win to loss ratio. I also would note that I decreased my lot sizes a penny or two on trades with the breakout of the Greek/Euro stories last week. I wanted to be prepared for anything that could happen. So my results would have been higher if I had kept my same sizes but my DD would also have been bigger. dropping my lot sizes a tad allows me to keep my DD around the 10% figure. Almost all of that is involved in the 4 currencies mentioned above. I have done well shorting the EURO but my old habits of grabbing profit when it appears is limiting making a killing there but cant complain. 10.0 is working out very well. The big jump around the 70th trade was the gbp/chf trade I caught luckily. Cleared out some DD towards the end of the week by taking profit to clean out losses. I accidentally closed a trade I did not want to close for a loss. I accidentally closed the loss instead of the profit trade so I have that dip there.

I have one piece of 10.0 left and that is the 4H system. I have been testing a different version of it and the results are far better than the one posted. One more week of testing a tweek I did yesterday on it and it will be ready to post. At that point the complete 10.0 series will be available. To my fellow 4H traders, I think it will be a killer system and is testing out to be the most profitable of the 10.0 trading systems. I will be calling it counter-trading back into the trend. It is mixing the sell high buy low system with 10.0 and CTR, so far it rocks. I am finding out that I am still a 4H counter trader at heart. It is still where I am most experienced at trading.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
  • #191
  • Sep 16, 2011 6:31pm Sep 16, 2011 6:31pm
I am really appreciate you
  • #192
  • Sep 16, 2011 9:25pm Sep 16, 2011 9:25pm
Quoting nanningbob
Despite sitting on 4 recovery trades for now NZD/CHF, CHF/JPY, GBP/USD and AUD/CAD I have been plugging along all month. It was definitely a slower week but still managed some profit. The problem with reporting is I trade all forms of my 10.0 system on one account. So I will report two numbers. All trades I increased my account since Sept. 1 11.1% The pairs just using the 1H CTR is 5.5%. My win to loss ratio since Aug. 1 when I started using 10.0 for all my trading is 80.2% which is over a 10% increase over my previous trading...
Bob,YOU rock! Your enthusiasm never wanes!! Congrats on your latest systems...
Vincit qui se vincit.
  • #193
  • Sep 17, 2011 3:03pm Sep 17, 2011 3:03pm
1st of all: thank you for this wonderful trading guide. I won't call it system or EA, because its more to my than just a list of a few steps to follow.

2nd: might by stupid - i'm not very experienced with mt4 for now, but could you please explain (or post a set file to play with) how to do you set up a strategy tester? I would like to play with small changes and see how they work, but i really cant work out a starting point...

Today ive been trying to play with Steves BigBob EA - with no results (exlicitly now trades fires) which is probably due to a bad configuration i made.

Thank you very much Bob.
I read the 10.0 posts and i'm really impressed with your attitude toward sharing knowledge.

Cheers from Poland.
  • #194
  • Sep 17, 2011 8:00pm Sep 17, 2011 8:00pm
Here is my current g/c recovery. As you can see ctr took the 1st level right at the start of the DT. I then hedged at 100 pips. After PA steadied, I thought I would close the hedge and counter off the 1h ctr. As you can see PA decided to go downhill again...PA then touched the 2ma which indicated reversal or range time. At this point I decided to counter off the 4h ctr. PA then decided to go downhill again...So this is where I'm currently at. This got me thinking, maybe it would be better to just stick to 10.0 recovery instead of trying different methods of recovery ie. ctr 1 or 4h.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpcad recovery 1.gif Size: 20 KB
Click to Enlarge Name: gbpcad recovery 2.gif Size: 22 KB
  • #195
  • Sep 17, 2011 8:57pm Sep 17, 2011 8:57pm
Quoting Frodog
Here is my current g/c recovery. As you can see ctr took the 1st level right at the start of the DT. I then hedged at 100 pips. After PA steadied, I thought I would close the hedge and counter off the 1h ctr. As you can see PA decided to go downhill again...PA then touched the 2ma which indicated reversal or range time. At this point I decided to counter off the 4h ctr. PA then decided to go downhill again...So this is where I'm currently at. This got me thinking, maybe it would be better to just stick to 10.0 recovery instead of trying different...
I use 10.0 exclusively for recovery now. When I post my 4H system for counter trading it will be an excellent recovery tool also. So you will then have 2 tools for recovery. I will try to post it as soon as my tweaks show they are working properly. It will help you in this trade. Dont feel bad I am 900+ down on chf/jpy but only 1 level. waiting for the daily to give me that counter trend signal which is did two days ago. PA has been very thin though so my new 4H counter trade system will get its best test there. If I can counter trade 1000 pips down the trading world is at my finger tips. Will try to post that soon. To encourage you go to the weekly G/C chart and you will see it travels from its high to its low and back all the time. It is a very range bound pair so be patient. My trade last month that went almost 800 pips down, eventually the first level came back and profited but I had to wait it out a month. So take a look at the weekly and plan your trade around it with 10.0. I think you will like what you see.
Attached Image (click to enlarge)
Click to Enlarge Name: cad gbp.gif Size: 30 KB
  • #196
  • Sep 17, 2011 10:14pm Sep 17, 2011 10:14pm
Bob,

About the Nb 10.0 trading system EA, I brief summary like following table, please help to confirm my concept definition was right!
and I found following another EA that I confused when time to adopt, please give me a guide.

10.0 4H CTR BOTH B
10.0 4H CTR BUY B
10.0 4H CTR BUY B

these EA logic major specific difference on :
//+----------------------------------------------------+
//| Signal Begin(Entry) |
//+----------------------------------------------------+
if ( Var5 < Var3 && Bid < Var3 ) Order = SIGNAL_BUY;
if ( Var5 > Var1 && Bid > Var1 ) Order = SIGNAL_SELL;



Attached Image(s) (click to enlarge)
Click to Enlarge Name: table-1.GIF Size: 112 KB
Click to Enlarge Name: table-2.GIF Size: 131 KB
  • #197
  • Sep 17, 2011 11:10pm Sep 17, 2011 11:10pm
Quoting Devonfgu
Bob,

About the Nb 10.0 trading system EA, I brief summary like following table, please help to confirm my concept definition was right!
and I found following another EA that I confused when time to adopt, please give me a guide.

10.0 4H CTR BOTH B
10.0 4H CTR BUY B
10.0 4H CTR BUY B

these EA logic major specific difference on :
//+----------------------------------------------------+
//| Signal Begin(Entry) |
//+----------------------------------------------------+
if ( Var5 < Var3 && Bid <...
You got it except use the 4H B on the 4H chart. It solves entry problems that were happening with the first 4H EA. I do not use the 4H but the 4H B. You will get some bad entrances with the first 4H ea so always use 4H B. Nice organized summary of the system. Good job and good explanation.
  • #198
  • Sep 17, 2011 11:11pm Sep 17, 2011 11:11pm
Change the all the 4H ea to 4H B and post on the trend thread, I think they will like it. I will probably use this in my next update if you dont mind.
  • #199
  • Sep 17, 2011 11:57pm Sep 17, 2011 11:57pm
Quoting nanningbob
Change the all the 4H ea to 4H B and post on the trend thread, I think they will like it. I will probably use this in my next update if you dont mind.
Dear Bob,

I just study your booklet and brief summary the EA, so please re use as you need or want, I upload the source file if you need to do any modification.

Attached File(s)
File Type: rar Nb 10.0 trading system EA.rar   45 KB | 1,190 downloads
  • #200
  • Sep 18, 2011 8:52am Sep 18, 2011 8:52am
Would just like to subscribe to it
.... laughing all the way to the bank
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