Nb 10.0 counter trading system

OK That was a very ugly start for the week. We definitely have another OCT. 2008 on our hands. I started out by clearing out several 1L trades. I am somewhat surprised that the AUD is dropping so quickly but I guess the Chinese economy is slowing down worse that we are being told. I decided to bring my DD back under 20% so closed out aud/usd, chf/jpy, usd/chf, eur/gbp. I did some 1L and 2L closeouts. I will continue to take out these pairs if price doesnt show some restraint soon. That took about 7% of my account size and used half of my Sept. profit to do it. But things are where I want them to be now account wise. If things go bad I stay within my rules. I will continue to monitor the market but I may do what I did last year. Just close out my trades and sit for a couple of months or just do euro sells. If I do that now I will still keep some of my summer profit. I did have 11 trades do 300 pips in profit yesterday. I will see if the BOJ or someone will try to intervene. If that doesnt happen soon that is what I will do. I stay with my philosophy of using profit to close out losers but if it gets close to my original amount of funds I will close out. I wish I could just hedge everything and come back in two months dang regulators.

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

(TO 4H) stands for turned on 4H EA
Recovery trade report
Monday Easier to descibe as percentage loss of 7%
Tuesday
Wednesday
Thursday
Friday

Total for the week -7%

Also by 10.0 definitions I have to stop CT because most of the pairs have broken into a trend so now I wait until they come back into ranging again.

I have kept 1L aud/usd, aud/cad, aud/jpy, aud/nzd.
2L cad/jpy, chf/jpy, gbp/cad, gbp/usd, nzd pairs, and usd/cad.

eur/gbp not trading.

Those are my positions for now. The one bright spot is my euro sells.

Thanks for your input Bob.
The ones listed above are all your pairs for 4H EA - buy or sell according to daily trend?

regards

Actually I was trading them with the 1H CTR but they all went into recovery so I am using 4H as a recovery with them but they would make a good list to use with this system.

I have gone ahead and changed the 4H entry. I guess the CTR system does not work as well with two MAs as it does with with a MA using a bollinger band. So what I did is I changed them all to the high low system. In the folder are 4 buy EAs and 4 Sell EAs. 3 of the EAs use the opposite high/low MA for the TP point. The other one marked no TP means you will have to setup a TP or close it manually.

The template was changed also in that I added the old 6ths indicator from the 5.0 system. When price is above/ below or near the blue top/bottom line you then confirm the trade with the touch of the 2MA line on the Daily chart. When that happens you start your CT trade with the appropriate EA. The new template has the 10.0 Daily system on the daily chart, the 5.0 on the 4H chart, and the 1H CTR on the 1H chart. This has been done not to confuse you but to have all 3 systems in one template for easy use.

The key to using these EAs is the use of the 4H chart. There are 3 key area changes to this chart.

1. The high low lines also post a line 20 pips above and below the EA. When you see price consistently breaking the 3MA high/low line you can use an EA with a higher/lower entrance point. I will show some pics later to explain.

2. The 6ths indicator needs to go into your indicator folder. Basically this was added to help traders that used to use the 5.0 system. You can read that system in the 5.0 thread.

3. The 12 red MA line on the 4H mimics the 2MA line from the daily chart so you have a warning that price maybe change direction.

The rules stay the same as stated earlier but the EAs and TP should give you more pips per trade and give those that have been having trouble with entrances a better entrance. Please let me know if this is working better. Most of my trades are adding 5-15 pips per trade with these changes. I will post some pics soon.

Below is the new 4H page. Similar with the first one but the first big change is the 3MA High (GREEN) and 3MA Low (BLACK). The actual line is the thin line. The bolder line is actually 20 pips higher/lower than the 3MA. This is so you can adjust your entrances based on the volatility of each pair.

The second thing is the red MA line which lets you now you are going away or closing in on the 2MA line on the Daily chart.

Then the sixths indicator which now has the 10.0 Daily as a filter. With this I think I finally solved some of the DD. If price has not hit the 2MA on the Daily you still will not turn on the EA like we used to in 5.0 but wait for the signal of 10.0 to start the high low run.

Here are 5 trades I have taken with this EA +15 on the aud/usd. Each trade has won me 25-40 pips. #3 was a loser I closed at -8. Normally you would be trading the other way but I am trying to reduce my DD on the aud/usd. So you can see price going against me but because I am getting deep below the MA line with my entrances I am getting profit trades. On one candle I actually picked up two trades for profit. Now to know which EA I use I see that price is often touching the 20 pip line so I choose the -15 distance to get a deeper entrance off of the 3MA line.

The blue arrows show my entrances and the numbers show the number of trades. All of a sudden I have picked up almost 150 pips on a negative dd trade I really need to zero out. So if price is touching the outside line use the + - 15 EA.

Here is a usd/jpy in which price is just touching the MA lines so I use the 0 EA you can see I had one nice trade but it didnt quite make it to the top MA line to profit so I closed later for a small win.

Here is a nzd chf where I used the 0 EA and got two trades today for 15-20 pips. Since price is pushing above the lines I changed it to a +10 to try to get better entrances on the trade. I closed this just before posting.

USD CAD I used a +10 and picked up 15 pips on this trade. Tough fighting these trends but I am trying to get my DD reduced and this is giving a bunch of scalping trades. I will probably put a MPTM on all trades to protect them once they move 20 pips.

I posted 5digit and 4digit versions. Since I dont have a 4 digit broker please test to see if they work properly on a 4 digit broker. I hope this solves some of the entrance and exit issue. Anyways doing this I have reduced my losses I took yesterday and today by 10% so I hope this works.

My wife and I are going out to lunch. Check in later.

You Sir, are a gentleman and a scholar. Thanks for sharing all your hard work with us Bob

Well I am hoping this is the final piece of the puzzle. Same thoughts and system but better entrances. Since cleaning out my account of the dead weight starting last night these EAs have taken 19 profitable trades which then I used to clean out 4 more unhealthy trades. The most exciting element has been the aud/usd which dropped another 108 pips today but I garnered 94 pips using the -15 EA buy, in other words I got almost as many pips buying it even though it dropped 108 pips so far. I have never seen anything like this in all my trading days. So I made almost as many pips buying as a person who was selling the aud/usd. If I get one more trade like that I would have made more pips than someone who sold it and it was a big sell day. I have never seen or heard that ever being done before done before. Dang, that is absolutely incredible. Wonder what happens if price was going in my favor????

Trades 3,4,5 above in the aud/usd made 29 31 and 34 pips for 94 total. #3 I took out as a loss at -8. The difference between the high and low at this time is 108 pips. I am just tickled pink about this one. Sheeesh.

http://www.forexfactory.com/attachme...7&d=1317719909 1. Are these all BUY trades (From 1 to 5)?....and why not sell at some points?
as on daily chart aud/usd is actually " Trending"..

2. The "2nd" Trade u have shown in this pic
i dont think so it would have gave u more than 10 pips????
am i right??

For now only 2 Questions.....
thank you NB

And By the way....Great work again.....

Hey
NB...


Need more examples....for better understanding..

Thanks

Dear Bob,

As your mean that you had abandon these serials EA strategy to do recovery:10.0 4H CTR BUY/SELL , 10.0 4H CTR BOTH B ?

As your mean: "When you see price consistently breaking the 3MA high/low line you can use an EA with a higher/lower entrance point." , the criteria whether need to confirm daily trend condition ?

THANKS.

I have not used them very much. They do not generate many trades but are usually good ones when you do. They were put in the trend section to use to go back into the trend. This is the counter trade section. I divided the different trading threads for the different trading styles specifically to keep the confusion to a minimum. The CTR MA mix didnt seem to work as well as I hoped. It seemed to do well in testing but last week there were too many trades coming up between the lines. So I developed EAs that will get price closer or outside the lines for a better entry. After two days of testing I was convinced these did the job better than the ones I originally posted.

I did not change the rules as when to use them as explained earlier in the thread. I am trying to CT the AUD/USD so I can eliminate these buys I have. In the process of doing that I got an unexpected surprise today with the AUD/USD. I never planned the EAs to do what they did today so that was a learning experience.

Yes by the rules you should be using these to do sells but in my testing I got this result. I should have made that more clear. I decided to see if I could catch a good retrace on the aud/usd and ended up with a bunch while is was going down. Remember I have DD, a negative trade from my range trading system so that is why I am CT. It was not planned or even thought of until it just happened while testing. Again yes you are right I used it in a way that violated the rules but what an unexpected surprise. I think I reported one trade to be profitable when it was not, I cut it short as a 8 pip loss and turned the EA on again. I am sorry for that oversight. The aud/usd just produced another winning trade of 36 pips just now. This is kind of funny that I could produce more pips than following the down candle. Dont think it is a good trading style but dang I will take it. LOL Anyway the aud/usd from high to low is 152 pips and my CT buys are now up to 130. This is just crazy.