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Nb 10.0 trend trading system

  • #341
  • Sep 18, 2011 12:11am Sep 18, 2011 12:11am
Finally, I think that the end result of lending to the ECB will be to postpone the problem. The problem is not liquidity, it is insolvency and the use of too much leverage by banks and governments. This action only buys time. And maybe time is what they need to figure out how to go about orderly defaults, which banks and institutions to save and which to let go, which investors will lose, whether some countries must leave the euro, etc. Frankly, the world needs Europe to get its act together.

These are some of the thoughts of John Maudin from his last newsletter. The bottom line is stay on those sells for the euro and I would not get into any buys. If price rallies get ready to sell again.
  • #342
  • Sep 18, 2011 9:03am Sep 18, 2011 9:03am
What a great thread. Thanx to everyone for all your hard work.
.... laughing all the way to the bank
  • #343
  • Sep 18, 2011 10:50am Sep 18, 2011 10:50am
I would see Germany leaving the Euro sooner rather than later.

Scoobs.
  • #344
  • Sep 18, 2011 11:58am Sep 18, 2011 11:58am
Quoting scooby-doo
I would see Germany leaving the Euro sooner rather than later.

Scoobs.
It would save them a ton of money and a lot of grief.
  • #345
  • Sep 20, 2011 6:26pm Sep 20, 2011 6:26pm
I remember as a kid I used to have this wind up toy. You would wind and wind and wind it until it stopped then you set it down and it would just sit there for a moment and then go crazy. I see the market like that now, waiting and winding until .............................
  • #346
  • Sep 20, 2011 8:42pm Sep 20, 2011 8:42pm
Quoting nanningbob
Since started trading 10.0 Aug. 1 live I have increased my account 25.6% over 35 days. That averages out to 7/10% a day. I can live with that.
How much capital did you start off with in this account Bob?
  • #347
  • Sep 20, 2011 9:50pm Sep 20, 2011 9:50pm
Quoting Paperbark
How much capital did you start off with in this account Bob?
I started with a 1000, then I added 500, then I have taken 200 out. I am sitting at 1800 now. I am trading .03 to .05 cent lots.
  • #348
  • Sep 21, 2011 10:40am Sep 21, 2011 10:40am
Hi Bob,
Thank You for great system. I have a couple of questions:
0.03 Lot so you trade 1 pip = 3cents (0.03 $) ?
How many trades you open per day or per week ?
How many trades simultaneously you have opened at the same time ?
I understand if you are on loosing position you add up every 200 pips with bigger lot size to break even. So how many loosing trades you can handle and still open new ones ?

Can you say how your trading week looks like ? Do you plan trades in advance or you decide during the day if enter or not ?

Whats you maximal loosing trade you decided to close ?
When you are on loosing position and you have to close 1st one to open 4th one you take about 200 pips loss x 0.03 = 6$ ? And your average win 50 pips x 0.03 = 1.5 $ ? So in order to take 10% profit you took about 200 win trades to 20 loosing ? within 30 days ?
  • #349
  • Sep 21, 2011 11:01am Sep 21, 2011 11:01am
Hi Bob

Really enjoying using the 10 basic, quite busy so I just enter longs or shorts depending on above or below the lines. Just 10min in the morning and then in the evening.

Got hit bad with the big CHF moves earlier in the month, although only on demo having a great time.

Being in the UK I am hedging when things go bad suspending the loss until the chart looks good for a recovery as per the daily .


Trading with small lot sized reduces the tension ( I take demo seriously ) and not having stops has take some time to get used to.

Thanks for you great simple ideas, up 10% in a Month.
  • #350
  • Sep 21, 2011 5:53pm Sep 21, 2011 5:53pm
Hi Bob,
Thank You for great system. I have a couple of questions:
0.03 Lot so you trade 1 pip = 3cents (0.03 $) ? yes that is 3 pennies
How many trades you open per day or per week ? I try to keep total commitment between .50 and 1.00 at one time. That would be 10-30 trades.
How many trades simultaneously you have opened at the same time ?
I understand if you are on loosing position you add up every 200 pips with bigger lot size to break even. So how many loosing trades you can handle and still open new ones ? The winning trades are pocketed so most of the time I am waiting on the losing trades. My goal is to keep my DD under 10% but on occasion it will go as high as 20%. If I go over 20% of my account I will add funds or start closing positions and taking some losses. I dont use the 200 pip reentry now. I wait for the range signal on the daily chart and then reenter my 2nd level.

Can you say how your trading week looks like ? Do you plan trades in advance or you decide during the day if enter or not ? I turn on my EA when I see a trade signal I like. I usually do that at the JPY session and beginning of the Euro and USA session.

Whats you maximal loosing trade you decided to close ? Depending on the fundamentals happening I will close a losing trade between 400-800 pips however, last month I waited on a aud/chf trade that went over 1400 pips in the hole and also a gbp/cad that went 800 pips in the hole. I successfully recovered both of them. On the other hand I started closing gbp/usd trades in the hole because I think it is not going to retrace anytime soon. I used my last 3 days profits to close about half of the gbp/usd DD. I will close the rest as soon as I get some more profit.
When you are on loosing position and you have to close 1st one to open 4th one you take about 200 pips loss x 0.03 = 6$ ? And your average win 50 pips x 0.03 = 1.5 $ ? So in order to take 10% profit you took about 200 win trades to 20 loosing ? within 30 days ? So far with 10.0 I have not had a 4th level. Recovery can last as long as 2 months but I have no recovery trades left from August. All my DD is from Sept. so far.

Remember I have changed my recovery system to the 10.0 recovery. I wait until it ranges whether that be 200, 500 or in the case of the chf/jpy 1000 pips before I start my 2nd level.
  • #351
  • Sep 21, 2011 5:55pm Sep 21, 2011 5:55pm
I am trading such small lots that if price goes against me 1000 pips I still have plenty of room to maneuver and counter trade. If the CHF/JPY goes crazy I could handle another 1000 pips easily even though I dont want to. I still think the BOJ will intervene at some point because they dont want their currency to appreciate too much either. SO I am waiting for that to happen.
  • #352
  • Sep 21, 2011 8:41pm Sep 21, 2011 8:41pm
Quoting nanningbob
I am trading such small lots that if price goes against me 1000 pips I still have plenty of room to maneuver and counter trade. If the CHF/JPY goes crazy I could handle another 1000 pips easily even though I dont want to. I still think the BOJ will intervene at some point because they dont want their currency to appreciate too much either. SO I am waiting for that to happen.
so by trading pennies, if you started off with a $1000 account (with a broker that allows hedging), is it possible to average a +$10 daily increase using NB 10.0, or am I dreaming.
  • #353
  • Sep 21, 2011 10:20pm Sep 21, 2011 10:20pm
Quoting Paperbark
so by trading pennies, if you started off with a $1000 account (with a broker that allows hedging), is it possible to average a +$10 daily increase using NB 10.0, or am I dreaming.
I am averaging almost 9 bucks a day. woo hooooooooo but I think I am ready to put some serious money into this soon. Just reluctant with the euro thing going on now. We dont have hedging here in the USA so I am not hedging either. From my original 1000 I have increased my account around 35% but I added funds so it is closer to 28%. I would like to say 20% a month maybe a good goal but I think that would be unrealistic. 10%+ though I think is doable with a decent comfort zone. I would be very happy if I could keep up the 10%+ of my account every month. I think that would be a very solid reasonable return. Projected out over 5 years and that is a nice chunk of change.
  • #354
  • Sep 21, 2011 10:30pm Sep 21, 2011 10:30pm
Quoting nanningbob
I am averaging almost 9 bucks a day. woo hooooooooo but I think I am ready to put some serious money into this soon. Just reluctant with the euro thing going on now. We dont have hedging here in the USA so I am not hedging either. From my original 1000 I have increased my account around 35% but I added funds so it is closer to 28%. I would like to say 20% a month maybe a good goal but I think that would be unrealistic. 10%+ though I think is doable with a decent comfort zone. I would be very happy if I could keep up the 10%+ of my account every...
yes Bob, 10% a month would be very nice

and please check your email/PM
  • #355
  • Sep 22, 2011 4:00am Sep 22, 2011 4:00am
Quoting nanningbob
I am averaging almost 9 bucks a day. woo hooooooooo but I think I am ready to put some serious money into this soon. Just reluctant with the euro thing going on now. We dont have hedging here in the USA so I am not hedging either. From my original 1000 I have increased my account around 35% but I added funds so it is closer to 28%. I would like to say 20% a month maybe a good goal but I think that would be unrealistic. 10%+ though I think is doable with a decent comfort zone. I would be very happy if I could keep up the 10%+ of my account every...
10% every month is definitely worth playing. Thank You for explanations i will follow your technique ...
  • #356
  • Sep 22, 2011 10:40am Sep 22, 2011 10:40am
Quoting nanningbob
Hi Bob,
Thank You for great system. I have a couple of questions:
0.03 Lot so you trade 1 pip = 3cents (0.03 $) ? yes that is 3 pennies
How many trades you open per day or per week ? I try to keep total commitment between .50 and 1.00 at one time. That would be 10-30 trades.
How many trades simultaneously you have opened at the same time ?
I understand if you are on loosing position you add up every 200 pips with bigger lot size to break even. So how many loosing trades you can handle and still open new ones ? [b]The winning...


Dear Bob,

I am thinking the scenario how do you handling these...

1.If you open order using Trend EA and the price against your direction, you will wait the signal for "10.0 DAILY O.I. RECOVERY" to do recovery , or some time using 10.0 4H CTR EA to do reentry for recovery purpose?

2.if your open order using Range EA(10.0 1H CTR BOTH),then the price go against your direction, you will using 10.0 4H CTR EA to do reentry for recovery purpose ?

sorry ...I confused how do you overall integrate using these strategy(Trend,Range,Counter Trend,Recovery) and EAs.

and have the Hedge strategy in 10.0?

In stev Bigbob EA, the trend strategy have join the Hedge strategy and range trading join the recovery strategy, these order recovery and hedge management strategy is same as your manual trading style?

As your term, the "recovery" would open the order direction like initial order type, and the "hedge" would be open on opposite side?

  • #357
  • Sep 22, 2011 12:14pm Sep 22, 2011 12:14pm
Hi Bob,
I try to keep total commitment between .50 and 1.00 at one time. That would be 10-30 trades. - Which means 0,05% to 0,1% right ? So if you have account with 10K your total commitment should be 5 - 10 so you can have 30 cents per trade right ? So you would have to be down 30000 pips to be close to margin call right ?

The winning trades are pocketed so most of the time I am waiting on the losing trades. My goal is to keep my DD under 10% but on occasion it will go as high as 20%. If I go over 20% of my account I will add funds or start closing positions and taking some losses. I dont use the 200 pip reentry now. I wait for the range signal on the daily chart and then reenter my 2nd level. Steve was mentioning something about volatility indicator for this purpose. To evaluate that market is ranging you use only 1D MAs or it has to also close inside previous candle (inside bar) - no strong break out ?


Remember I have changed my recovery system to the 10.0 recovery. I wait until it ranges whether that be 200, 500 or in the case of the chf/jpy 1000 pips before I start my 2nd level. - is it described in the doc or forum i missed that update...

SO you prefer ranging market - do you use 1H EAs or 4H EAs ? Do you use 1D EAs ?

If market is ranging you use Both ways EAs or in the direction of the previous trend (eg. only buy ) or only in the direction of red MA ?
  • #358
  • Sep 22, 2011 9:22pm Sep 22, 2011 9:22pm
Quoting Devonfgu
Dear Bob,

I am thinking the scenario how do you handling these...

1.If you open order using Trend EA and the price against your direction, you will wait the signal for "10.0 DAILY O.I. RECOVERY" to do recovery , or some time using 10.0 4H CTR EA to do reentry for recovery purpose?

2.if your open order using Range EA(10.0 1H CTR BOTH),then the price go against your direction, you will using 10.0 4H CTR EA to do reentry for recovery purpose ?

sorry ...I confused how do you overall integrate using these strategy(Trend,Range,Counter Trend,Recovery)...
Hedge is a system of recovery which we cant use in the USA but would be a good way to recover with the big stories floating around. I cant use the hedge but if you do you undo the hedge when the high/low touches the blue line.

The 4H system is a first level entry system not a recovery system but it can be used for recovery. The key to recovery is waiting for price to exhaust itself (seen by the high/low touching the blue line. Then you can start your recovery. Recovery is a trading skill and takes time to master. The number 1 recovery tool is the OI EA. The second best will be posted this weekend when I post my 4H CTR high/low EA. It is also a great recovery tool.

My most intersting recovery is going on now with the chf/jpy. It went a 1000 pips before I could even think of starting recovery. That one is going to take a while to get rid of and may take me a month or two to do it. I am looking forward to the challenge.
  • #359
  • Sep 22, 2011 10:00pm Sep 22, 2011 10:00pm
Hi Bob,
I try to keep total commitment between .50 and 1.00 at one time. That would be 10-30 trades. - Which means 0,05% to 0,1% right ? So if you have account with 10K your total commitment should be 5 - 10 so you can have 30 cents per trade right ? So you would have to be down 30000 pips to be close to margin call right ?

Sounds about right without using a calculator. Doing 10X what I am doing would give you 1000 to 2000 a month in money made as an average. DD at this time would be around 15%. The markets are having their biggest moves since Oct. 2008. So if you can survive this market right now the rest will seem easy.


The winning trades are pocketed so most of the time I am waiting on the losing trades. My goal is to keep my DD under 10% but on occasion it will go as high as 20%. If I go over 20% of my account I will add funds or start closing positions and taking some losses. I dont use the 200 pip reentry now. I wait for the range signal on the daily chart and then reenter my 2nd level. Steve was mentioning something about volatility indicator for this purpose. To evaluate that market is ranging you use only 1D MAs or it has to also close inside previous candle (inside bar) - no strong break out ?

The problem with volatility indicators are they are after the fact. In other words they would tell you the CHF is very volatile right now but that is after the bank intervention. Now if you had one that would tell you tomorrow the market is going to be volatile and the CHF bank will interfere that would be valuable. I already know the market is volatile, I have DD. Get me an indicator that predicts news stories and bank interventions and I can make a billion dollars in a year.


Remember I have changed my recovery system to the 10.0 recovery. I wait until it ranges whether that be 200, 500 or in the case of the chf/jpy 1000 pips before I start my 2nd level. - is it described in the doc or forum i missed that update...

SO you prefer ranging market - do you use 1H EAs or 4H EAs ? Do you use 1D EAs ?

I have a thread for ranging that talks about those pairs for ranging. I have a 4H thread for counter trading which will have a major update this weekend. Markets range 70-80% of the time so that is where the money is made. Waiting for these large trend moves is futility to me unless you are a real expert in the fundamentals. I mean last month the USA gets a credit downgrade and the AUD/CHF moves 1400 pips. I dont understand that, do you?? I admire fundamental guys who are successful but they are a truly rare lot.

If market is ranging you use Both ways EAs or in the direction of the previous trend (eg. only buy ) or only in the direction of red MA ?

Yes I use both ways but only with certain pairs. See the range thread for that. For example the aud/nzd just keeps making pips week after week range trading that baby both ways. I have taken 40 trades the last two months with that thing and only 7 were losing trades which I counter traded back to profit. That and the aud/cad are great range trading pairs. Sometimes I think I should just play quarter lots and trade those two.
  • #360
  • Sep 22, 2011 10:25pm Sep 22, 2011 10:25pm
Dear Bob,

I am thinking the scenario how do you handling these...

1.If you open order using Trend EA and the price against your direction, you will wait the signal for "10.0 DAILY O.I. RECOVERY" to do recovery , or some time using 10.0 4H CTR EA to do reentry for recovery purpose?
Yes that is a good place to start but I also will manually enter off of a strong S/R point instead of waiting for the cross. That has a lot to do with what I think the fundamentals are. Will the story run and run or is it just a spike and will retrace later in the day or the JPY session.
2.if your open order using Range EA(10.0 1H CTR BOTH),then the price go against your direction, you will using 10.0 4H CTR EA to do reentry for recovery purpose ?

I only have used the 4H CTR on a few occasions. I wll use OI most of the time.

sorry ...I confused how do you overall integrate using these strategy(Trend,Range,Counter Trend,Recovery) and EAs.

Each of these has their own threads to keep from confusion.

and have the Hedge strategy in 10.0?

We cant hedge in the USA but i wish I could.

In stev Bigbob EA, the trend strategy have join the Hedge strategy and range trading join the recovery strategy, these order recovery and hedge management strategy is same as your manual trading style?

As your term, the "recovery" would open the order direction like initial order type, and the "hedge" would be open on opposite side?

YES
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