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Nb 10.0 trend trading system

  • #841
  • Dec 14, 2011 9:32am Dec 14, 2011 9:32am
There have been some good H4 trades today in Dow and Gold. I very much like your method Bob of closing the trade out at the H4 S/R level and placing an entry the other side of the line hoping for the trend to continue. This satisfies the 'little people' or 'inner voice' and prevents selling back into retraces only to watch price reverse and continue in the original direction again. Thank you Bob.
Trade less and become more profitable!
  • #842
  • Dec 14, 2011 12:37pm Dec 14, 2011 12:37pm
Indeed there were alot of opportunities for pips yesterday. What time frames were you working on what were your entry criteria?

Quoting jucaorma
i close all

today +415 pips on one day jejejeje
  • #843
  • Edited 6:33pm Dec 14, 2011 6:17pm | Edited 6:33pm
Quoting nanningbob
Feels good doesnt it, hope you have many more.
only the 10.1 system

daily time

also i change the days back to 480
  • #844
  • Dec 14, 2011 11:06pm Dec 14, 2011 11:06pm
Johnny - I wanted to bounce some idea off of you, but am unable to PM you. Would you be able to PM me whenever you can ?

Quoting JohnnyBSmart
Hello ashinvest,

Are you basing your EA on a certain timeframe? The reason I ask is squalou's indicator is a revised indicator that I supplied Bob and that indicator is actually the base indicator. Squalou revised this indicator to extend the lines of support and resistance and limit the look back bars.

Johnny
  • #845
  • Edited 2:48am Dec 15, 2011 1:17am | Edited 2:48am
Thanks a lot JohnnyBSmart & Bob

I got the idea. Trade along with the trend .
  • #846
  • Dec 16, 2011 5:43am Dec 16, 2011 5:43am
Hi everyone,

I've just recently studied about the system, hopefully I can be as successful as you all here. Yesterday I tried to install the indicators/profile/EAs, etc. My current platform is not MT4 (I'm with FXCM) so I have trouble replicating the exact setup to follow the system.

I borrowed FXCM's MT4 on demo account so I can load up the setup.

I copied and pasted the file into its appropriate folder (please see attachment), hopefully I've done it correctly (Please see the red circle). However, when I load the profile, the screen stuck in "Waiting for update" mode so I can't see the screen (I assume will display the basic daily screen).

Anyone have an idea, what's wrong?

Also, I'm trying to replicate the setup in a non-MT4 platform, here's what I have so far,
- For the daily chart, I have 2 SMMA (Smoothed Moving Average) Shifted by 2. The problem is that I need to use two indicator to complete this. A shifting indicator which takes in 2 SMMA and input. For the shift, it ask for vertical/horizontal value. Should I put "2" in horizontal? Vertical? Or Both?

What else do I need for the daily chart? What about the 4H and 1H?

Thanks...
BC
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  • #847
  • Dec 16, 2011 6:03am Dec 16, 2011 6:03am
Bob

i have a idea

the basic idea is change the daysback looking the s/d nearest on the history

its possible the indicator change automatically the daysback from 60 to 180 or number of days looking the near s/d zone in the history ?

gracias
  • #848
  • Dec 16, 2011 6:14am Dec 16, 2011 6:14am
Quoting blackcat2
Anyone have an idea, what's wrong?
Just drag corresponding pair from market watch window to respective chart
for each air..
"Put all your efforts in becoming effortless"
  • #849
  • Dec 16, 2011 8:34am Dec 16, 2011 8:34am
Quoting IamTHAT
Just drag corresponding pair from market watch window to respective chart
for each air..

Hey long time no see, how is it going?
  • #850
  • Dec 16, 2011 2:21pm Dec 16, 2011 2:21pm
Quoting IamTHAT
Just drag corresponding pair from market watch window to respective chart
for each air..
Ahh.. thanks.. it works, sorry about that, I'm new to MT4..

BC
  • #851
  • Dec 17, 2011 8:14am Dec 17, 2011 8:14am
Quoting jucaorma
Bob

i have a idea

the basic idea is change the daysback looking the s/d nearest on the history

its possible the indicator change automatically the daysback from 60 to 180 or number of days looking the near s/d zone in the history ?

gracias
I'm not a MQL expert but I think you can do this. Open Navigator -> Custom indicators -> <nanningbob's indicator name here> -> right click -> modify.

In the window with code go to the DaysBack variable (see screenshot) and change it to whatever days number you want.
After that just click "Save" and "Compile".

What value are you gonna put there??

Cheers.

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  • #852
  • Dec 18, 2011 9:26am Dec 18, 2011 9:26am
Quoting nanningbob
Just to give and idea how taking profit and and catching the retracement works. The eur/usd from Oct. 31 to now has gone down about 1159 pips. However, I close and reopen on the retracements which lead me to 31 winning trades at 43 pip average win. That totals 1333 pips. So I feel I get more pips pocketing profits once or twice a day versus a hold and wait. This gains me more pips profit. It also allows me to enter more than one trade at a time on a pair since I will add trades at the different levels or S/R. So in a 1159 pip move I gained 1333....
I like this quote. Its like more fine tuning to follow the market price, PA. If PA decides to swing the other direction, u can take loss for that trade and follow north then. Just beautiful.
  • #853
  • Dec 22, 2011 3:59am Dec 22, 2011 3:59am
Market is pretty thin. I will be on holiday too, soon.
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  • #854
  • Dec 22, 2011 4:00am Dec 22, 2011 4:00am
AU in the green now..
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  • #855
  • Dec 22, 2011 4:22am Dec 22, 2011 4:22am
Market started off slow, but got some momentum, closed all trades @ total of 124 pips. This system is great, thanks for the update on the 18th mr Bob man :-)
--We are products of our own decisions--
  • #856
  • Dec 22, 2011 5:28am Dec 22, 2011 5:28am
Three questions were asked of me today and I thought I would answer them publicly.

1. How many pips above/below S/R do you place your order?
It actually varies for me. I have been using below/aboe 00 endings. For example (5 digit broker) if the S/R line is near 1.44000 I will put my Pending Sell (PS) at 1.43990 to 1.43900 there seems to be something about waiting for it to cross those kind of numbers. If it is a buy situation then 1.44010 to 1.44100

If it is elsewhere then I also use the halfway mark 1.44500.

The other method I have used is the previous swing low/high for that price area. So I will look for either a daily, 4H, or sometimes even a 1H swing high or low that is just across that S/R line I wish to trade. I then set it ac couple of pips beyond that swing high/low. These seem to give me real solid trades with the minimum of backup afterwards.

2. As well in the S/R indictor why 60 days?

You want recent data and 60 (approximately 2 months) seemed good. If there are not lines nearby I will then use a weekly line. Those really are doing well when they get broken. I have only expanded beyond the 60 days one time but that was before I started using the weekly lines also.

3. What pairs do you trade with 10.1 system? the majors? some minors...

I trade all pairs so I use over 20. What I mean by that is the jpy, aud, nzd, chf, cad, usd, eur, gbp crosses. Beware of chf pairs right now and if you are not familiar with eur/nzd, gbp/nzd, or gbp/aud do not try learning on them. They are quite exciting at times.
  • #857
  • Dec 22, 2011 6:45am Dec 22, 2011 6:45am
Kelisa

When did you enter this trade?

Quoting Kelisa
AU in the green now..
  • #858
  • Dec 22, 2011 9:10am Dec 22, 2011 9:10am
Does someone trade EURCAD? I am helding and trying to recover buy possition from end of November but it becomes horor...
  • #859
  • Dec 22, 2011 11:19am Dec 22, 2011 11:19am
Quoting peje
Does someone trade EURCAD? I am helding and trying to recover buy possition from end of November but it becomes horor...

There is no reason right now for a recovery on any euro currency. I have not been buying any euro for several months now. I checked my stats and have only taken 4 buy trades in the last 3 months on any euro currency. All have been losers. I mean do you read the news??? .......... how anyone would dare do a buy on any euro pair is beyond me right now. Just sell the dang thing until the Europeans get serious about containing debt. As long as they continue to try to secure more and more debt to solve their problem that thing is just going to go down. I have taken 217 sell trades during the last 3 months and almost every single one has been profitable. Every currency pair has been profitable except the eur/chf which I have quit trading. Just eat your loss because it just crashed through a major weekly support line so its going down some more. Dont fight a major news story. It just is not worth it. Technical analysis is a good way to trade

EXCEPT


when there is an overriding fundamental move on the currency. Countries and major banks teetering on bankruptcy is an over riding fundamental move you simply cant ignore. These type of fundamentals over ride any type of technical analysis.

Dont try buying the euro right now.

  • #860
  • Dec 22, 2011 10:14pm Dec 22, 2011 10:14pm
AU
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