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Nb 10.0 trend trading system

  • #501
  • Nov 2, 2011 9:10pm Nov 2, 2011 9:10pm
Quoting Jpklouw
Hi Bob.

I had a look at your website today. So glad to see that you're blessed so abundandly. Just shows you what an amazing attitude can do! I will be infront of the computer tomorrow, will most definately try that indicator. I know that one of my weaknesses are money management, any advice on systems or something to study?

Best regards, live with passion,

Kobus :-D
To keep from blowing an account and being able to learn without reinvesting money constantly. I would trade 1 penny per 500 dollars invested. I have found I can increase my account 10% a month trading like this and if things go really bad against me I wont lose my account but just take a loss my account can handle. If you can keep it that way until you become good and have the patience to grow your account slowly then you are on your way to becoming a good trader. Becoming a good trader takes years, doesnt mean you cant make money before that, just means it takes time for all the nuances to sink in. Good luck.

Just a personal note about my school. I am facing some real difficult decisions and Chinese regulations right now so I may not be able to trade as much as I would like or respond to all your questions. Thank you for your understanding.
  • #502
  • Nov 3, 2011 1:03am Nov 3, 2011 1:03am
I will try your system thanks Bob. Good luck with the school. I hope you get it sorted.
--We are products of our own decisions--
  • #503
  • Nov 3, 2011 3:22am Nov 3, 2011 3:22am
Hi mr Bob man. How are you today brother?
Bob, I was thinking of the following, please advise me what you think.

Lets say your balance is $1000.
1000 devide by 20 = 50 pips to be lost per trade for 20 trades right. ( Is it really possible to loose 20 trades continiously?)

So, lets work on the day chart only, on your system, what i found was if it is a strong trend, 100 pips sl will be sufficient. For this reason I will trade 50cent per pip.

So the aim is: 400 pips tp ( Seems possible with a strong trend) and 100 pips sl, so,

Lets say for 20 trades with 15 being sl and 5 being tp

15 x 100 =1500
5 x 400 = 2000

So, that is 500 pips profit @ 50cent gives us $250. (Hehe, sure you could do the math without me)

Would that be toooo risky?
--We are products of our own decisions--
  • #504
  • Nov 3, 2011 3:31am Nov 3, 2011 3:31am
Quoting nanningbob
.... Attached is Squalou's indicator but it only uses the Daily S/R lines and does 3 above PA and 3 below PA. They make good spots to enter or exit trades. What I have been doing is if the daily tells me DT I put a pending sell under the nearest S line. If the DT continues, I am in, if not I am not in...
Hi Bob

So the indicators of your template are:

  1. 1.1SQ S_R DAILY 3
  2. 10.0 NB Daily 4hr S&R
  3. 10.0 MTF 8 MA
  4. 10.0 MTF 2 MA


And the rules of reading Daily chart are:

UP Trend: Price > MTF 8 MA & MTF 2 MA & 10.0 NB Daily 4hr S&R lines
DOWN Trend: Price < MTF 8 MA & MTF 2 MA & 10.0 NB Daily 4hr S&R lines

Am I right?

Trade with discipline and respect the market...
  • #505
  • Nov 3, 2011 7:21am Nov 3, 2011 7:21am
Quoting ashkan_no9
Hi Bob

So the indicators of your template are:

  1. 1.1SQ S_R DAILY 3
  2. 10.0 NB Daily 4hr S&R
  3. 10.0 MTF 8 MA
  4. 10.0 MTF 2 MA


And the rules of reading Daily chart are:

UP Trend: Price > MTF 8 MA & MTF 2 MA & 10.0 NB Daily 4hr S&R lines
DOWN Trend: Price < MTF 8 MA & MTF 2 MA & 10.0 NB Daily 4hr S&R lines

Am I right?

Yes except I am only using daily lines in my live trading now. If you use Squalou you dont need the 10.0 SR. They are the same indicator but Squalou added recent S/R lines to it. I have not been using 4H lines. I use Squalou's indicator set with daily lines 3 above and 3 below. If they are bunched I put my trade above or below the furthest one. If they are spread apart I put my pending trade just beyond the lines and let it ride. Having a very good week so far but Monday was such a killer day. The S/R llines were perfect on a day price just ran and ran. I am also learning some other kinds of trades also but these are the best so far. If price doesnt go in that direction I am not in at all and then wait for the next S/R line. Take away my big Monday and I have gotten 230 pips for 2 days trading. Not too bad for very quiet days.
  • #506
  • Nov 3, 2011 7:29am Nov 3, 2011 7:29am
Quoting Jpklouw
Hi mr Bob man. How are you today brother?
Bob, I was thinking of the following, please advise me what you think.

Lets say your balance is $1000.
1000 devide by 20 = 50 pips to be lost per trade for 20 trades right. ( Is it really possible to loose 20 trades continiously?)

So, lets work on the day chart only, on your system, what i found was if it is a strong trend, 100 pips sl will be sufficient. For this reason I will trade 50cent per pip.

So the aim is: 400 pips tp ( Seems possible with a strong trend) and 100 pips sl, so,

Lets...
If you are learning a system you shouldnt trade .50 I would practice at dimes or lower. I trade all 22 pairs at one time so I use .03. If you wanted to trade 5 or less you could go with dimes. Just take the time to patiently trade. My SL is the other side of the black line so my SL changes with the volatility of the currency pair. Trading is so much easier if you know you wont blow an account. In the USA .50 a trade would use 25-50% of your margin usage and that is awfully high and risky trading. So good luck.
  • #507
  • Nov 3, 2011 7:34am Nov 3, 2011 7:34am
Quoting nanningbob
Yes except I am only using daily lines in my live trading now...
Hi BOB
I think it will be a good idea for you to upload your 1.0b template plus indicators so more people can try it out. I have been demoing it and I agree with you when you say "WOW". Planning to go live from Monday.

Kind regards
  • #508
  • Nov 3, 2011 9:45pm Nov 3, 2011 9:45pm
Hi Bob. Maybe the breakout system using s/r could be turned into a fully automated ea. Instead of placing pendings, the ea would just enter when PA moves to the trigger point. It could automatically set the SL at the opposite s/r line and either use mptm to manage TP or incorporate mptm into the ea. That way we could just run the ea on whatever charts we want and it would do the rest.
  • #509
  • Nov 3, 2011 10:43pm Nov 3, 2011 10:43pm
Quoting astral77
Hi BOB
I think it will be a good idea for you to upload your 1.0b template plus indicators so more people can try it out. I have been demoing it and I agree with you when you say "WOW". Planning to go live from Monday.

Kind regards
Squalou's indicator really makes it come alive. I am up 4.5% of my account for the week and still have a day left. That is using 3 penny trades on 1800 dollar account. So I have been playing this real conservatively. I usually try for 10% a month so it is a wow. I got both the eur/nzd and gbp/nzd moves last night both 100+ pips. You need to get SKYPE to talk and I will show you a bubble trade. Those are cool. We could talk late Friday morning USA time.

As far as posting I am trying to simplify the screen to make it look neater and easier to trade key points. Right now I think it has too many lines. I have an idea on how to solve that by using an indicator but it will be a homemade thing.
  • #510
  • Nov 3, 2011 10:49pm Nov 3, 2011 10:49pm
Quoting Frodog
Hi Bob. Maybe the breakout system using s/r could be turned into a fully automated ea. Instead of placing pendings, the ea would just enter when PA moves to the trigger point. It could automatically set the SL at the opposite s/r line and either use mptm to manage TP or incorporate mptm into the ea. That way we could just run the ea on whatever charts we want and it would do the rest.
You know once we get the basics set up Steve will put something to gether. I am still playing with using 10.0 and 1.0 numbers. Both work well but at different times. We will see.
  • #511
  • Nov 3, 2011 11:32pm Nov 3, 2011 11:32pm
You're right like usually, thanks, you're making total sence. Let me rather stick with you're advice. I just think its better to have a mentor, but i guess the trick is to follow the advice. Thanks mr Bob man

Quoting nanningbob
If you are learning a system you shouldnt trade .50 I would practice at dimes or lower. I trade all 22 pairs at one time so I use .03. If you wanted to trade 5 or less you could go with dimes. Just take the time to patiently trade. My SL is the other side of the black line so my SL changes with the volatility of the currency pair. Trading is so much easier if you know you wont blow an account. In the USA .50 a trade would use 25-50% of your margin usage and that is awfully high and risky trading. So good luck.
--We are products of our own decisions--
  • #512
  • Nov 4, 2011 12:09am Nov 4, 2011 12:09am
Hi mr. Bob.... Again hehehe.

Bob, i see you're touching the subject of hedging. Do you have a system on this yet, or is it part of your system yet? I currently trade through finexo, and they allow hedging. So was thinking, instead of a stop loss, why not just hedge. Your no1 rule is what goes up, must co.e down, the market always corrects itself. So why loose the position if you could long and short lets say eurusd? Any comments brother?
--We are products of our own decisions--
  • #513
  • Nov 4, 2011 4:00am Nov 4, 2011 4:00am
Quoting Jpklouw
Hi mr. Bob.... Again hehehe.

Bob, i see you're touching the subject of hedging. Do you have a system on this yet, or is it part of your system yet? I currently trade through finexo, and they allow hedging. So was thinking, instead of a stop loss, why not just hedge. Your no1 rule is what goes up, must co.e down, the market always corrects itself. So why loose the position if you could long and short lets say eurusd? Any comments brother?
If you hedge you would release the hedge and counter trade with the OI EA. If it went against you again rehedge and wait for the next OI. OI EA gives you the best bet to undo the hedge and eliminate the deficit.
  • #514
  • Nov 5, 2011 12:58am Nov 5, 2011 12:58am
Hello guys

Here is the link to my 2 weeks demo account statement.

Last night I closed all open positions.

First day my account equity was 1000$ and now it is 1638.15$. 638.15$ profit for 2 weeks.

Thank you BoB. Your systems and your strategies are very wonderful.

http://www.fxstat.com/performances/view/Ashkan-8084
Trade with discipline and respect the market...
  • #515
  • Nov 5, 2011 3:38am Nov 5, 2011 3:38am
Quoting ashkan_no9
Hello guys

Here is the link to my 2 weeks demo account statement.

Last night I closed all open positions.

First day my account equity was 1000$ and now it is 1638.15$. 638.15$ profit for 2 weeks.

Thank you BoB. Your systems and your strategies are very wonderful.

http://www.fxstat.com/performances/view/Ashkan-8084
looks like u're waaaaayyyyy overleveraged! (3x)
  • #516
  • Nov 5, 2011 9:01am Nov 5, 2011 9:01am
Quoting The flame
looks like u're waaaaayyyyy overleveraged! (3x)
The trends have been good and if he is running stops he can trade higher leverage. Any way I had a very good 2 weeks at 6.6% of my account and he did 10x that or over 60% so that puts him in the 20 to 40 cents per lot bracket. Could be done with tight stops and a lot good fortune. My question would be did you use the BO system, I could see how you could do that the last 2 weeks with trading 20 to 40 cent lots? My win ratio the last two weeks was almost 81% and he hit 89% so that is pretty astounding. I also noticed his average loss is 20 dollars which would be 100 pips at 20 cent lots or 50 pips at 40 cent lots. His average win at 20 cent lots would be 31 pips and at 40 cents about 16 pips. So with using that tight of a stop loss he may not be being as risky as it may seem. Dang good trading. My average win during that time would be around 33 pips a trade on 121 trades for 3993 pips. My average loss of pips per trade was around 68 so percentage and pip wise we are about the same area. Difference is I trade much smaller lot size. So you are doing better than me.
  • #517
  • Nov 5, 2011 9:22am Nov 5, 2011 9:22am
Hi Bob.

Its pretty obvious that you're system works better than most think. The current results are asrounding, the real question is why give the bank iur mo ey for a roi of 5% an year.

Was sick this week, did not have the time to try your system, but will trade 5 and 15min charts.
Will keep you updated. You're system became my trading bible.

So excited.....

Thanks once again mr. Bob man
--We are products of our own decisions--
  • #518
  • Nov 5, 2011 1:58pm Nov 5, 2011 1:58pm
Quoting nanningbob
The trends have been good and if he is running stops he can trade higher leverage. Any way I had a very good 2 weeks at 6.6% of my account and he did 10x that or over 60% so that puts him in the 20 to 40 cents per lot bracket...
Hello Dear BoB

The last 2 weeks I didn’t use BO system except maybe 2 or 3 trades. I used your CTR system most of the time.

Now I want to try your BO system with new 1.1SQ S_R DAILY 3 indicator. Unfortunately this week I have a lot of work to do and I’ll be very busy. But next week I’m going to try this system.

Thank you Big BoB. Thank you Teacher.
Trade with discipline and respect the market...
  • #519
  • Nov 5, 2011 10:58pm Nov 5, 2011 10:58pm
hi The Flame
I'm in china. I meet problem insalling NH4. The software can't download the framework windev itself. Can you give me a link ?
  • #520
  • Nov 6, 2011 8:56am Nov 6, 2011 8:56am
Quoting erawa
hi The Flame
I'm in china. I meet problem insalling NH4. The software can't download the framework windev itself. Can you give me a link ?
next week...i've them at work...
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