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Nb 10.0 counter trading system

  • #161
  • Oct 19, 2011 12:04am Oct 19, 2011 12:04am
Attached statement was my trading fot Bob's H1 CTR and H4 CTR strategy that from 10/11 ~ today ,roughly about 7 days trading performance.
I am appreciate and satisfy these performance for me, thanks very mush to Bob!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: CTR-H1.jpg Size: 53 KB
  • #162
  • Oct 20, 2011 2:27am Oct 20, 2011 2:27am
Quoting Devonfgu
Attached statement was my trading fot Bob's H1 CTR and H4 CTR strategy that from 10/11 ~ today ,roughly about 7 days trading performance.
I am appreciate and satisfy these performance for me, thanks very mush to Bob!
This is my statement:

Running the system (CTR+I.O.+O.I.) since 3/10, 95% of the trades are made with 0.01 lot.

I have a -83.47€ of open positios, but 2 positions were opened by an error: -23.70 -13.46, both on gbpchf.

Impressive system, results speaks, keep it up Bob!
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement_3.10_20.10.PNG Size: 34 KB
  • #163
  • Oct 21, 2011 6:07pm Oct 21, 2011 6:07pm
Ok I have now successfully countertraded all the Range pairs except for nzd/jpy. It is the only one left and all my profits will go to cleaning that one out. So dug my self out of hole and looking forward to getting back. Here is my 3 months of trading 10.0. My win ratio is right at 79%, my DD is almost gone and I am still up 30% on my entire account since Aug. 1. So I followed my rules and took a 7% hit to keep my DD under 20%, then I did something I had not taught before but starting last week whenever my DD went above 15% I used all my profit to take out DD instead of trying to Countertrade each individual currency. This resulted in my DD erasing much faster so for now I am going to make that a rule in my system also. I will try to CT each individual currency pair using each pairs profits to eliminate its own DD but if I go over 15% then I will use all profits to attack DD. (I may consider 10% in the future) This worked out very well because what happened is I never increased my lot sizes to reduce DD. I stayed at the .03 all the way through. So if I had a trade with DD I would reduce it to .02 with some of my profits and then .01 later and my CT trade was at .03 on that pair. This would cause the elimination of the DD much quicker. You will see where I took my 7% hit and then you will see my equity line go flat while I used my profit to eliminate DD. The DD lot sizes got smaller and I didnt need to increase trade lot size to eliminate DD. This actually worked beautifully in protecting my equity and also prevented my DD from getting bigger if price went against me on some pairs. So now I can go back to making profit again and I successfully survived this DD attack.
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  • #164
  • Oct 21, 2011 9:11pm Oct 21, 2011 9:11pm
Hi Bob, That's a great idea. I think you should add in post #1 of you ctr and range threads the closing of trades using the %DD rule and also just as important, the lot size of 1cent per $500.
  • #165
  • Oct 21, 2011 9:33pm Oct 21, 2011 9:33pm
Quoting Frodog
Hi Bob, That's a great idea. I think you should add in post #1 of you ctr and range threads the closing of trades using the %DD rule and also just as important, the lot size of 1cent per $500.
Actually I want to have an entire booklet that covers the entire subject. I think this last piece will make it all work now and even a new person trying recovery trading will have everything they need. My debates in the SL thread allowed me to see where people will misunderstand the concept and what areas need to be explained better. This will be one of the most valuable trading skills for CT or Range traders. Just curious. If you could have knocked down some of your trades earlier. How do you think it would have worked. It is impossible to trade and not take losses but knowing this is where you should have started helped?? I know you cant take a .10 and knock it to .05 like I can here in the USA but you probably had some .20 trades going.
  • #166
  • Oct 21, 2011 10:22pm Oct 21, 2011 10:22pm
Because so many pairs are correlated, I found when the trend started 10 of my 12 range pairs went into DD. I was trading 20cent lots on a 3800 account. It would of been much better if I had not tried to recover all 10 pairs, but rather shut some down using profits and the %DD rule. I like the idea you had of closing part of the L1 trades, so that L2 doesn't have to be as large ie.

.03 L1 - Goes into a run
Close .01 using %DD rule so L1 is now .02
Enter L2 using OI at .03

This allows a larger L1 trade and instead of increasing lot size on each recovery trade, you would just make L1/L2 smaller using the %DD rule. If I had done this I would be laughing. Oh well...
  • #167
  • Oct 22, 2011 12:42am Oct 22, 2011 12:42am
Quoting Frodog
Because so many pairs are correlated, I found when the trend started 10 of my 12 range pairs went into DD. I was trading 20cent lots on a 3800 account. It would of been much better if I had not tried to recover all 10 pairs, but rather shut some down using profits and the %DD rule. I like the idea you had of closing part of the L1 trades, so that L2 doesn't have to be as large ie.

.03 L1 - Goes into a run
Close .01 using %DD rule so L1 is now .02
Enter L2 using OI at .03

This allows a larger L1 trade and instead of increasing lot size on each...
When the market moves everything moves. It is all connected, Euro has debt trouble, imports and exports go down, China doesnt export so much and then isnt buying as much from Australia and New Zealand, etc etc. So range trading fewer pairs seem to be the best route to go, with follow the market in trend trading and catching some counter trends allowed the variety of systems to help counter act each other.
  • #168
  • Oct 22, 2011 8:25pm Oct 22, 2011 8:25pm
If this story is true get ready to sell the Euro again:

http://www.creditwritedowns.com/2011...n-failure.html

I will again take the position of only doing sells on the Euro. It will be interesting to see if SNB will be able to hold the line on the euro/chf. My guess it wont but I wouldnt trust my guess. In my 10.0 trend I posted a BO system I think would work very well in the upcoming market so I would seriously look at that or any other breakout system you are comfortable with.


I do not recommend range trading or CT trading during this upcoming possible super news story. If you find yourself on the wrong end of a trade you would be better off closing it than trying to ride it out. I have no idea how a 50% or greater loss on Greek debt will play out. I do have my guesses and they would be. Sell the euro, probably also the gbp. Chf I wouldn't touch them with a ten foot pole, SNB could do anything. USD probably be the currency of choice to appreciate and probably also the JPY. Commodity currencies Cad, NZD, AUD, I dont know but whatever direction they start to run they probably will run in that direction for a while. For those of you who know more about fundamentals please post your thoughts. Thank you.
  • #169
  • Oct 30, 2011 6:23am Oct 30, 2011 6:23am
Hello Bob

First of all, I must say thanks. Thank you for your powerful and fantastic system. I read all your threads in FF and always your strategies are profitable for me.

I have a question. I read every 3 trend, counter and range trading system thread. In this thread you explain a new template with sixths indicator for 4hr CT. I use 10.0 basic screen template for 4hr counter trading.

Which template do you prefer for 4hr CT?
Trade with discipline and respect the market...
  • #170
  • Oct 30, 2011 10:09am Oct 30, 2011 10:09am
Quoting ashkan_no9
Hello Bob

First of all, I must say thanks. Thank you for your powerful and fantastic system. I read all your threads in FF and always your strategies are profitable for me.

I have a question. I read every 3 trend, counter and range trading system thread. In this thread you explain a new template with sixths indicator for 4hr CT. I use 10.0 basic screen template for 4hr counter trading.

Which template do you prefer for 4hr CT?
I like the 4H high/low using the 3MA. I have them posted PG 1 Post 1. I have been using them for several weeks now and they have constantly pulled in pips. Right now they are my #1 choice for EA usage. I also have a template in there with the old 6ths indicator in it but I am playing with a new template and if it does as well this week as it did last week I will post it.
  • #171
  • Nov 11, 2011 7:48pm Nov 11, 2011 7:48pm
Anyone who is practicing NB recovery or thinking of trading NB recovery trades, must read this post by Scooby a professional (recently retired) trader who has proven his status to many of us time and time again.
http://www.forexfactory.com/showthre...34#post5126934

Bob, I hope you do not mind me posting this on a number of your threads.

Kind Regards
  • #172
  • Nov 13, 2011 12:57pm Nov 13, 2011 12:57pm
It really is stupid that these guys just keep trolling these threads with no real input, but hopefully we will get rid of them all soon.

On a better note, I have been running the 4h CTR live on IBFX and it has been very promising, still only using four pairs GBP/CAD, EUR/GBP, USD/JPY, AUD/NZM. Since Oct.18 which is the day I went live I am up 747 pips, not bad for not touching it at all. I am running Steves MPTM 40+30, just as a precaution for now, until I get more familiar with the system.

I also have the 1H CTR running on a small live account as of last week, so I will report on how that runs.

I will be trying out the 10.1 hopefully starting tomorrow, if my schedule permits.
  • #173
  • Nov 15, 2011 6:55am Nov 15, 2011 6:55am
I just came up with the most amazing stat in my trading system. It would be hard to believe but it goes something like this. The trade analyzer with IBFX breaks down all my trades. Since Aug. 1 to now I have sucked doing long trades (buys) I have lost -2784 pips in 3 1/2 months. However, I still made a profit on long trades and it accounted for over 14% of my profit during that time. That is why CT works. You dont have to win the most pips just win smart. Dang. You zero out your losers and keep your winners. The total maybe negative pips but money wise your in the black. I like that.
  • #174
  • Nov 15, 2011 9:42am Nov 15, 2011 9:42am
Just wanted to let you know, that I'm continue using NB concepts from his original system (4H), with a few adaptations to my trading style & beloved indicators, with gr8 success so far (3 months of trading on 4H charts - only counter trend trades).

You can see my journal @ http://www.forexfactory.com/showthread.php?p=5135114.

I've just assign ForexFactory gr8 tool - "Trade Explorer" to my account, so you can see all trades and deep analysis on the beginning of the thread.

Cheers NB!!!
  • #175
  • Nov 15, 2011 2:08pm Nov 15, 2011 2:08pm
So the 4H CTR opened a trade yesterday on the AUDNZD sell order at 1.30655

I am about 145 pips negative and by looking at the daily and 4h charts just dont see it retracing anytime soon, any one else have this trade open?
  • #176
  • Nov 18, 2011 9:57pm Nov 18, 2011 9:57pm
Quoting gustav213
So the 4H CTR opened a trade yesterday on the AUDNZD sell order at 1.30655

I am about 145 pips negative and by looking at the daily and 4h charts just dont see it retracing anytime soon, any one else have this trade open?
I took this trade at 1.3148 using the daily O/I EA when it hit the 2MA. I have been eyeing this one since the daily chart is extended out so far. I was looking for it to break 1.3146 daily support. The weekly resistance was 1.3232 and it broke it today, but was unable to hold above that level at the close. It would be great to get another test of the 1.3146 support, then begin a nice retracement.

Good trading to you...

George
  • #177
  • Nov 21, 2011 8:53am Nov 21, 2011 8:53am
Hello NanningBob, may I ask, the color (to mark the counter trading period) is made by you, or by an indicator of your template? Can we have an indicator do that?
  • #178
  • Jan 17, 2012 9:28am Jan 17, 2012 9:28am
Hi Bob,

how does the MAs come into play for range trading using the sixth?
  • #179
  • Jan 17, 2012 4:43pm Jan 17, 2012 4:43pm
Quoting orionhan
Hi Bob,

how does the MAs come into play for range trading using the sixth?
When price is above a sixth line you look for the reversal when it crosses a MA line. The sixth signals you are getting ready to trade, the MA line is your entrance point.
  • #180
  • Feb 9, 2012 3:01am Feb 9, 2012 3:01am
Quoting nanningbob
When price is above a sixth line you look for the reversal when it crosses a MA line. The sixth signals you are getting ready to trade, the MA line is your entrance point.
Hi Bob,

do you mind posting some guide on some of the recent trades you have taken? Would greatly help me in understanding the strategy better. Thanks.

Warmest Regards,
orionhan
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