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Nb 10.0 counter trading system

  • #41
  • Sep 25, 2011 5:59pm Sep 25, 2011 5:59pm
To start for Monday I put OI EA on the following pairs:

aud/cad aud/jpy aud/usd
cad/jpy chf/jpy
gbp/usd nzd/jpy
usd/cad usd chf

I am using the sell high EA on nzd/chf

Other pairs I am using my 1H CTR

Happy Trading.
  • #42
  • Sep 25, 2011 11:48pm Sep 25, 2011 11:48pm
Thanks for your hard work Bob. I am in the same recoveries as you. I currently have the same OI ea's on my charts, but i'm still deciding whether to hedge some or not. I have to make the right decision because this will either make or break me (55%DD)
  • #43
  • Sep 26, 2011 1:05am Sep 26, 2011 1:05am
Quoting nanningbob
To start for Monday I put OI EA on the following pairs:

aud/cad aud/jpy aud/usd
cad/jpy chf/jpy
gbp/usd nzd/jpy
usd/cad usd chf

I am using the sell high EA on nzd/chf

Other pairs I am using my 1H CTR

Happy Trading.

Dear bob,

thanks your update strategy!

the last release 4H high low EA that should belongs to range or counter trend strategy? You released in counter trend thread but it seems a range strategy.

how to judge which market criteria should using 1H CTR or 10.0 4H high low EA ?


Are you trading Trend/Range/Counter Trend strategy in three account?
  • #44
  • Sep 26, 2011 1:26am Sep 26, 2011 1:26am
Dear bob,

what is difference for 10.0 4H BUY LOW RECOVERY NOTP with 10.0 4H BUY LOW ?
  • #45
  • Sep 26, 2011 2:14am Sep 26, 2011 2:14am
Quoting Devonfgu
Dear bob,

what is difference for 10.0 4H BUY LOW RECOVERY NOTP with 10.0 4H BUY LOW ?
as i get it
it's a version with no Take Profit programmed inside: see Bob post
  • #46
  • Sep 26, 2011 2:34am Sep 26, 2011 2:34am
Quoting Devonfgu
the last release 4H high low EA that should belongs to range or counter trend strategy? You released in counter trend thread but it seems a range strategy.
I quote this.

Also i see from the zip that SELL HIGH and BUY LOW exists, both with tp and not, but it doesnt exist a BOTH EA!

I mean a SELL HIGH + BUY LOW tp, to turn on in ranging periods.. am i wrong with something?

As usual Bob, great work!
  • #47
  • Sep 26, 2011 8:12am Sep 26, 2011 8:12am
Quoting SteMag
I quote this.

Also i see from the zip that SELL HIGH and BUY LOW exists, both with tp and not, but it doesnt exist a BOTH EA!

I mean a SELL HIGH + BUY LOW tp, to turn on in ranging periods.. am i wrong with something?

As usual Bob, great work!
I did not do that even though it would be easy. Because I plan on trading towards the median and then on into the trend, I didnt see a need for it. If you want one it is built into the EA just need to undo two lines of code.
  • #48
  • Sep 26, 2011 8:26am Sep 26, 2011 8:26am
Quoting Devonfgu
Dear bob,

thanks your update strategy!

the last release 4H high low EA that should belongs to range or counter trend strategy? You released in counter trend thread but it seems a range strategy.

how to judge which market criteria should using 1H CTR or 10.0 4H high low EA ?


Are you trading Trend/Range/Counter Trend strategy in three account?
There are 3 strategies to trade, range, trend and CT. This was developed especially for those that like to trade the 4H charts. I kind of neglected these guys but I wanted to get it right with a really good system. This is specifically a counter trade back into the trend strategy. The difference between this and my 5.0 is we are going to hang in there longer with our reads off of the daily chart. The idea is we ride the change of direction profitably and then try to hit the big one into the trend. Range trading we trade both ways all the time but only with the low volatility pairs. This one we can trade any pair we want. I am hoping to have fewer levels going and more trades entered. It is almost like scalping the 4H chart for 30-70 pips trades and hope we walk into a 100+ pip one once in a while.

Right now I am trading all three types in one account but I am using two programs running at the same time. On one I use the range trading and the other I have the other pairs I am not range trading with. When I see price range I will put this 4H system on going towards the red line. Once inside the lines I can stay with this or go IO EA. I will use the OI and these for recovery. Your recovery trades will recover faster with this because once price ranges you can pick up 2-3 trades a day in recovery. In my demo practice I sometimes knocked out a 3-500 pip DD in 2-3 days landing 2 trades at day at 50 pips a trade. With the retrace off of its highest part of DD I loved how DD went much quicker. It is because playing off the high when price is stagnant I was still getting profitable trades. Instead of waiting days for a strong counter move, I was getting many trades in the stagnant area that was cleaning out my DD. Then when price moved in its retrace (the old way of CT or recovery) I started making profit again. Really nice.
  • #49
  • Sep 26, 2011 8:30am Sep 26, 2011 8:30am
Quoting Devonfgu
Dear bob,

what is difference for 10.0 4H BUY LOW RECOVERY NOTP with 10.0 4H BUY LOW ?
BUY low will TP profit automatically when it hits the high MA. NOTP stands for no take profit. You will have to close those trades manually or set a TP point.
  • #50
  • Sep 26, 2011 11:21am Sep 26, 2011 11:21am
My dear Bob,

About my PM, here are the 2 charts on NzdUsd, which correlate with my explanations.....

hope you get everything
Attached Image (click to enlarge)
Click to Enlarge Name: exemple.jpg Size: 255 KB
Non licet omnibus adire Corinthum
  • #51
  • Sep 26, 2011 4:47pm Sep 26, 2011 4:47pm
Concerning the nzd/usd, I am not trading it live right now, I have just chosen to trade other pairs. It seems to be going into ranging mode at this point. I would call it officially ranging if the high hits the blue line today. At that point I would start countertrading it. If you wish to start CT now you would use the OI EA. I know you stated you manual trade but if I had DD that is what I would do. If I didnt have DD the fundamentals are strong for USD so I would probably wait for price to come inside the blue line and then use the IO EA to see if I could continue on the trend. Pic 1 below is the daily Pic 2 is the 4H.

The 4H chart the blue sto is now above the red MACD so I would now consider the DT over based on the RWB system but based on 10.0 not quite yet. 10.0 makes me wait just a bit longer before calling a DT over. If you emphasize the 4H chart you are right the DT is over for now. If you emphasize the Daily it is not quite over yet. So choose the chart you wish to trade from. I hope this analysis helps with your system. 10.0 is designed to work with other systems to confirm or not confirm what you are seeing.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzd usd.gif Size: 31 KB
Click to Enlarge Name: nzd usd 4h.gif Size: 30 KB
  • #52
  • Sep 26, 2011 4:59pm Sep 26, 2011 4:59pm
Thanks for your reply. Yes I emphasize H4....
My goal was to draw your attention on the different use I made from Ma(3) with Bollinger Bands.....to get out from a trending trade (usually positive....)monitored on daily.....and H4
Thanks again for all your sharing and good luck with your trading
Non licet omnibus adire Corinthum
  • #53
  • Sep 26, 2011 5:03pm Sep 26, 2011 5:03pm
To start for Monday I put OI EA on the following pairs:

aud/cad TO 4H BUY OI EA at -26
aud/jpy
aud/usd
cad/jpy
chf/jpy TO 4H BUY
gbp/usd TO 4H BUY close OI trade at+41
nzd/jpy
usd/cad
usd chf entered OI EA -9 TO 4H BUY

I am using the sell high EA on nzd/chf Took +41 TO 4H BUY

(TO 4H) stands for turned on 4H EA

I grabbed my profits quickly and then turned on the 4H EA for +82 pips to start my CT comebacks. If reversals are coming more pairs will enter today.
  • #54
  • Sep 26, 2011 5:41pm Sep 26, 2011 5:41pm
Some guy challenged me that the EUR/CHF was a perfect example of not trading with SL is why you never should. I took his challenge and will CT live a pretended 1300 pip deficit. If you want to follow along go to this thread p. 27 post 402. I will try to show how I would have CT the eur/chf if I was in it. My trades however will be live and not pretended. I love a good challenge.

http://www.forexfactory.com/showthre...297516&page=26
  • #55
  • Sep 26, 2011 9:47pm Sep 26, 2011 9:47pm
lol It's good to see you rising to the challenge. What made you close the gbp/usd?
  • #56
  • Sep 27, 2011 1:13am Sep 27, 2011 1:13am
Quoting nanningbob
An explanation of the 4H EAs. There are 4 EAs but the sells are the same and the buys are the same. One buy and one sell EA have take profits and the other two do not have take profits (TP) These can be used interchangeably depending on how you want to use them. See chart below.

All 4 of the 4H EAs enter the same spot. If the 2MA high is higher than the 3MA high and price is above both then Sell. The opposite for buys. If the 2MA low is lower than the 3MA low and price is below both buy. The TP 4H will TP at the opposite line. You can see however,...
Hey...
NB Thanx for posting such a good system..
i have read everything about your system NB 10
but....
as you have posted "10.0 4H high low system"......i was bi confused about it...
as you have said that, "If the 2MA high is higher than the 3MA high and price is above both then Sell. The opposite for buys. If the 2MA low is lower than the 3MA low and price is below both buy".

I didnt find 2MA ON MY CHART..(after installing tamplate).....only 3MA BB is there....

(Do i have to apply it manually??)
  • #57
  • Sep 27, 2011 3:13am Sep 27, 2011 3:13am
For some reason I just had a usdjpy buy placed??? Entry criteria wasn't met yet it still entered
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 22 KB
  • #58
  • Sep 27, 2011 3:46am Sep 27, 2011 3:46am
Quoting pankaj_baw
Hey...
NB Thanx for posting such a good system..
i have read everything about your system NB 10
but....
as you have posted "10.0 4H high low system"......i was bi confused about it...
as you have said that, "If the 2MA high is higher than the 3MA high and price is above both then Sell. The opposite for buys. If the 2MA low is lower than the 3MA low and price is below both buy".

I didnt find 2MA ON MY CHART..(after installing tamplate).....only 3MA BB is there....

(Do i have to apply it manually??)
I thought it just cluttered the screen so I didnt put it there. Basically it makes sure that price enters above the line.
  • #59
  • Sep 27, 2011 3:53am Sep 27, 2011 3:53am
Quoting Frodog
For some reason I just had a usdjpy buy placed??? Entry criteria wasn't met yet it still entered
I have had this happen once yesterday and it happened when I was putting it on the screen. I compiled the EA and it didnt happen again, at least not so far. So compile the EAs I sent and then they worked. I will repost recompiled EAs and see if that doesnt solve the problem or turn off the MT4 and turn it back on and that should automatically recompile all the EAs. Then make your own templates. Other than that I have no idea why it should do that because the code says below on both MAs before entering. Maybe some programming whiz can explain this one. I had it happen on the gbp/jpy last night one time but on nothing else and they are working fine on a bunch of pairs today. SO recompile the EAs before using them.
  • #60
  • Sep 27, 2011 4:37am Sep 27, 2011 4:37am
Quoting nanningbob
I thought it just cluttered the screen so I didnt put it there. Basically it makes sure that price enters above the line.
Still i didnt got your 10.0 "4H high low system"
i understood everything about your system "NB 10" except "4H high low system"...

I am attaching 2 charts
one from your post and 2nd one from my side...

please explain with these charts....
according to your definition....
"If the 2MA high is higher than the 3MA high and price is above both then Sell. The opposite for buys. If the 2MA low is lower than the 3MA low and price is below both buy."
[as only 3 MA BB is there on my charts....what about 2MA BB??]


Please show some entries on these charts...
(If u don't find any entries on these charts..... please choose your own charts)..
so that i will be cleared with my doubts...

And finally this will finish my complete understanding of "NB 10".

Thanks
(in advance)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: doubt 1.gif Size: 63 KB
Click to Enlarge Name: doubt 2.gif Size: 58 KB
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