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Nb 10.0 trend trading system

  • #361
  • Sep 23, 2011 9:46pm Sep 23, 2011 9:46pm
Hi Bob,

Maybe I missed it, but is it layed out somewhere the exact entry and exit criteria for the EA's?

Also I can't quite get my head around the daily buy and sell EA's. I know the BO EA will enter when price moves outside the lines, but the BUY/SELL EAs seem to do the same thing? Or if price is outside the lines already, what is the benefit of using the EA as opposed to just buying at market?

Thanks and kind regards
  • #362
  • Sep 24, 2011 3:31am Sep 24, 2011 3:31am
Quoting Iknowboats
...but is it layed out somewhere the exact entry and exit criteria for the EA's?
Also I can't quite get my head around the daily buy and sell EA's...


This is something ive been wondering myself. Especially when i noticed that daily buy/sell places immediate order when put onto charts
  • #363
  • Sep 24, 2011 5:15am Sep 24, 2011 5:15am
Quoting Iknowboats
Hi Bob,

Maybe I missed it, but is it layed out somewhere the exact entry and exit criteria for the EA's?

Also I can't quite get my head around the daily buy and sell EA's. I know the BO EA will enter when price moves outside the lines, but the BUY/SELL EAs seem to do the same thing? Or if price is outside the lines already, what is the benefit of using the EA as opposed to just buying at market?

Thanks and kind regards
There are basically 2 daily EAs. If price is between the lines the IO will enter when price breaks outside the lines in either direction. If Bid> both MA lines buy; If Bid < both lines sell. The OI is the opposite If price is outside both lines It will enter when price comes inside the blue line. So they are pretty simple. The Daily sell and buy EA are both IO EAs but they only do one function Sell or Buy. So your IO EA can do both, while SELL EA only sell BUY EA only BUY. Its purpose is like right now using with the EURO and you dont want to do any buys. You use just the SELL EA. If you want to reenter the market when price is in a long trend you use the 4H or 1H EAs.
  • #364
  • Sep 24, 2011 5:30am Sep 24, 2011 5:30am
I found this quote funny:

It's times like these that you really need someone like Lee Hang Chai, who has just set a new world record for the number of teleportation illusions performed in one minute. Maybe someone should put him in charge.

another quote:

Colombia's economy is now safer than France's and it's recording a 5.5% annual GDP growth rate. They have great exports down there.
  • #365
  • Sep 25, 2011 12:33pm Sep 25, 2011 12:33pm
Quoting nanningbob
There are basically 2 daily EAs. If price is between the lines the IO will enter when price breaks outside the lines in either direction. If Bid> both MA lines buy; If Bid < both lines sell. The OI is the opposite If price is outside both lines It will enter when price comes inside the blue line. So they are pretty simple. The Daily sell and buy EA are both IO EAs but they only do one function Sell or Buy. So your IO EA can do both, while SELL EA only sell BUY EA only BUY. Its purpose is like right now using with the EURO and you dont want to do...
nanningbob@ Thanks for your EA. I just downloaded the EAs in zip. I will start demo trading it tommorrow as this is weekend. Please out of the EAs, which should i use?
Forex is my Love! Forex is my Life!!
  • #366
  • Sep 25, 2011 3:24pm Sep 25, 2011 3:24pm
Paul,

it seems you need to read the instructions that come with the ea's. These are not just fire and forget. You need to check the daily chart and depending on what you see you but a suitable ea on, while also keeping some fundies in mind.
  • #367
  • Oct 4, 2011 4:45am Oct 4, 2011 4:45am
Hi Bob,

I've been trying on demo your system since sept 27th, having a great time and trying to learn more. Thanks for teaching us how to fish =)
  • #368
  • Oct 6, 2011 4:27pm Oct 6, 2011 4:27pm
Hi guys. Ive been away. Just come back.

are you guys still trading this system? Are all the files in the first post the latest and valid?
  • #369
  • Oct 6, 2011 5:48pm Oct 6, 2011 5:48pm
Quoting Viv108
Hi guys. Ive been away. Just come back.

are you guys still trading this system? Are all the files in the first post the latest and valid?
Yes and yes. I have been dealing with other threads. My advice is to use the IO EA on all eur pairs that are between the two lines. Eur/nzd and eur/usd are there now. Also do sells only on the Aud. The Chinese economy is slowing down and the Aud is way overbought. Probably the same with NZD but not as sure. That does not include the aud/nzd though or the eur/aud. Dont know who will sink faster. Beware of any CHF pairs. Their bank is kind of nutso right now. Use the IO EA when you see opportunities to stay with the trend.
  • #370
  • Oct 6, 2011 5:51pm Oct 6, 2011 5:51pm
Quoting Iknowboats
Hi Bob,

Maybe I missed it, but is it layed out somewhere the exact entry and exit criteria for the EA's?

Also I can't quite get my head around the daily buy and sell EA's. I know the BO EA will enter when price moves outside the lines, but the BUY/SELL EAs seem to do the same thing? Or if price is outside the lines already, what is the benefit of using the EA as opposed to just buying at market?

Thanks and kind regards
Yes but only in one direction. For example I do not recommend doing buys on any EUR cross. I am only using sell EAs on that one. I also went to sell EAs on the AUD pairs. I am not touching the eur/aud however. That should give you enough pairs to trade profitably. There is nothing to stop you from buying at market but the 4H EA I published in the CT thread is really good at getting a nice position for your sells or buys. It enters when price hits the high or low of the 3MA. It is designed to catch the highest or lowest part of a retrace or rally. Same thing with the 1H buy or sells. They try to enter off of a high or low on the BB. Gives you an excellent position to be in. If I manual trade then I would use S/R lines.
  • #371
  • Oct 6, 2011 5:56pm Oct 6, 2011 5:56pm
Quoting Viv108
Hi guys. Ive been away. Just come back.

are you guys still trading this system? Are all the files in the first post the latest and valid?
You may find the 4H EAs from the counter trade section will give more trades than the ones here but all EAs are valid.
  • #372
  • Oct 12, 2011 5:53am Oct 12, 2011 5:53am
All the conditions met: PA above Red/Blue line, Red/Blue crossing, MACD at bottom swinging up scenario, Blue/Black line strong/close UP direction.

I ve put SL above BE, but I shudnt be too greedy since PA touched outside of BB now. Shud TP now and wait for retracement for another Long entry.

Same for most AUS pairs. EU also have same setup.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au121011.gif Size: 23 KB
Click to Enlarge Name: eu121011.gif Size: 27 KB
  • #373
  • Edited 6:49am Oct 12, 2011 6:34am | Edited 6:49am
Quoting Kelisa
All the conditions met: PA above Red/Blue line, Red/Blue crossing, MACD at bottom swinging up scenario, Blue/Black line strong/close UP direction.

I ve put SL above BE, but I shudnt be too greedy since PA touched outside of BB now. Shud TP now and wait for retracement for another Long entry.

Same for most AUS pairs. EU also have same setup.
Yup that is the ideal trade. Now do you ride or TP that is the question. Hate trend trading LOL. What I would do is go to a lower time frame like 4H -- RWB are now at the top (above 85) and you are hitting a R line so I would pocket it and then look for a new reentry back into the trend.
  • #374
  • Oct 12, 2011 6:51am Oct 12, 2011 6:51am
I still am some what nervous with the EURO but it seems happy news is what is going out so it will do some recovery. To where, have no idea.
  • #375
  • Oct 12, 2011 9:06am Oct 12, 2011 9:06am
Quoting nanningbob
Yup that is the ideal trade. Now do you ride or TP that is the question. Hate trend trading LOL. What I would do is go to a lower time frame like 4H -- RWB are now at the top (above 85) and you are hitting a R line so I would pocket it and then look for a new reentry back into the trend.

eu: +137pips
au: +205pips,
aujpy: +213pips.

Pocketed the above pairs. Just a mere 2days of patience. Thanks NB.

As for EurAud, I will still hold my shorts as the MACD still hv room to decend -imo. SL moved below BE already.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud121011.gif Size: 25 KB
  • #376
  • Oct 12, 2011 9:09am Oct 12, 2011 9:09am
Quoting nanningbob
I still am some what nervous with the EURO but it seems happy news is what is going out so it will do some recovery. To where, have no idea.
Yeah, happy talks/plans for the Greeks.
  • #377
  • Oct 12, 2011 6:11pm Oct 12, 2011 6:11pm
If you want a good overall assessment of the market, read this post. I think this guys does a good job of summarizing what has happened and what will happen. Post #2299

http://www.forexfactory.com/showthre...68#post5035368
  • #378
  • Oct 13, 2011 5:18am Oct 13, 2011 5:18am
I need someone to help me with an indicator. I need a couple of changes done to this one.

1. Turning on and off support and resistance lines to true and false. In other words if I want 1H lines I put true if I dont put false. This is to test some ideas.

2. This is the tricky part. Whenever price is on the screen the last two nearest Resistance lines above price and the last two nearest support lines below price will go across the screen instead of one. The S/R lines shown here are Daily S/R. I would also like to see what 4H S/R lines would look like also. These are decision areas for entering and profit taking. Also for placing of SL. A guy in another thread has given me a nifty idea of entering/reentering the trend using a breakout. I believe it will give us more trade opportunities to get back into the trend using a lower time frame with lower risk. With S/R spots being broke back into the direction of the trend we have a good chance of getting into the trend earlier and faster and also spots to bail out better if it doesnt work. Attached is the S/R indicator in case someone wants to take a stab at it. Plus a pic showing what i mean. I also show what it would look like on a 15M chart. Trading back into the trend. If price doesnt break S/R lines you are not in. Lower TF for scalping Higher TF for longer term trades. I think this would work and have a high rate of return.

3. This is an idea for break out trading with 10.0 JohnnyBSmart gave the idea to me and I did some adjustments to his idea.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp aud.gif Size: 30 KB
Attached File(s)
File Type: mq4 10.0 Daily S&R.mq4   6 KB | 379 downloads
  • #379
  • Edited 11:21am Oct 14, 2011 7:50am | Edited 11:21am
Quoting nanningbob
I need someone to help me with an indicator. I need a couple of changes done to this one.
Hi Bob,

I got your PM.

Here is step 1 of the mods.
I added a true/false input for each of the 4 timeframes that the original provides (M15,H1,H4,D1).

For step 2, i took GBPAUD and put the indi on it, and i can see that the 2 S and 2 R lines you are drawing are the D1 S/R lines (correct me if i'm wrong) that are the nearest in price, although not the most recent D1 S/R.

That will be for the next release.

If you have remarks/suggestions, PM me or post them here.


EDIT: i found an issue with the indi not updating the SR lines once loaded... uploaded a new release.
Anyone who downloaded the indi before this EDIT timestamp should re-download it.

Sq.
Attached File(s)
File Type: mq4 10.0 Daily S&R.mq4   6 KB | 643 downloads
  • #380
  • Oct 14, 2011 4:19pm Oct 14, 2011 4:19pm
Quoting squalou
Hi Bob,

I got your PM.

Here is step 1 of the mods.
I added a true/false input for each of the 4 timeframes that the original provides (M15,H1,H4,D1).

For step 2, i took GBPAUD and put the indi on it, and i can see that the 2 S and 2 R lines you are drawing are the D1 S/R lines (correct me if i'm wrong) that are the nearest in price, although not the most recent D1 S/R.

That will be for the next release.

If you have remarks/suggestions, PM me or post them here.


EDIT: i found an issue with the indi not updating the SR...
Thanks Squalou, I am finding out using S/R points to reenter is superior to the MA systems I have posted in the past. I will post a preliminary system this week end so people can begin practicing with it and then finish it off with this indicator.
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