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Nb 10.0 trend trading system

  • #1,281
  • Apr 4, 2012 8:57am Apr 4, 2012 8:57am
Quoting nanningbob
I want to update my 10.1 and 10.0 systems. I will be refining some of my definitions and adding some refinements. It will make most trades much more specific as to when to enter, exit and add to existing positions. What I need is someone who is a decent coder and take existing indicators and adding some bells and whistles to fit the system better. For example adding colors to lines so different lines on the screen are different colors. Taking an indicator which was updated but I want it to use the old color schemes. I also need a pivot indicator...
I'd like to help but I'm not sure about the coding. I am a real beginner in mql.
  • #1,282
  • Apr 4, 2012 9:05am Apr 4, 2012 9:05am
Quoting nanningbob
Which EA do you have. I use several and some have that ability.
I am download all your EA files from page 1.
And currently using the EA from zip filename '10.0 #2'.
I don't know what the different between EA '10.0 #2' and '10.0 #3', so I don't use the EA from zip '10.0 #3'.
Can you tell me which is the best one?
And please give me the EA that can act as martingale
Thank you
  • #1,283
  • Apr 4, 2012 9:06am Apr 4, 2012 9:06am
And where to get concise rules for the system?

because I also heard its now a daily system and not 4hr
  • #1,284
  • Apr 4, 2012 10:22am Apr 4, 2012 10:22am
Quoting moneydeep
And where to get concise rules for the system?

because I also heard its now a daily system and not 4hr
You should read doc files from the first page. I think for feeling the system, comprehensive information is required. It is necessary to understand the inputs for H4 (or H1) and understand D1. Then by monitoring the market to understand the individual pairs.

It's not hard as it may seem. Very shortly - the base graph is D1 and entries are from the lower TF. I think at this point, there is space for self-creativity-entries, according to your style (conservative, aggressive) - everyone sees the chart little bit differently. Personally, I learned entries on D1 and according to the curves in stoch indicator. I use H4 (or H1) only to check actual situation.
  • #1,285
  • Apr 4, 2012 11:46am Apr 4, 2012 11:46am
Quoting Sh1n1ch1
I am download all your EA files from page 1.
And currently using the EA from zip filename '10.0 #2'.
I don't know what the different between EA '10.0 #2' and '10.0 #3', so I don't use the EA from zip '10.0 #3'.
Can you tell me which is the best one?
And please give me the EA that can act as martingale
Thank you
This was an experiment of mine. This EA is set to reenter every 90 pips and goes 2 levels. You can adjust it to whatever way you want to use it. It is a martingale style EA. Just remember all Martingale systems have a range limit and if price every goes outside the range limit, your screwed unless you limit it somehow. I have learned never to trade more than 3 levels and then exit. After three levels it just gets too risky on the account balance. Good luck.
Attached File(s)
File Type: mq4 10.6 BOTH 45x90.mq4   24 KB | 403 downloads
  • #1,286
  • Apr 4, 2012 11:51am Apr 4, 2012 11:51am
Quoting moneydeep
And where to get concise rules for the system?

because I also heard its now a daily system and not 4hr
10.0 is a daily read system that allows you to read what the market is doing and then using whatever trade system you want to trade with. I have suggested some systems to go with it involving range trading, trend trading and counter trend trading. I use my 10.1 trading system for most of my trading at this time. I plan to work on an update this weekend and have people working on indicators that match the system. Either way study the 10.0 manuals until you understand the basics of what is a trend and what is a range market. Once you grasp those concepts you can trade with an advantage.
  • #1,287
  • Apr 4, 2012 10:55pm Apr 4, 2012 10:55pm
Quoting nanningbob
This was an experiment of mine. This EA is set to reenter every 90 pips and goes 2 levels. You can adjust it to whatever way you want to use it. It is a martingale style EA. Just remember all Martingale systems have a range limit and if price every goes outside the range limit, your screwed unless you limit it somehow. I have learned never to trade more than 3 levels and then exit. After three levels it just gets too risky on the account balance. Good luck.
Thank you for the martingale EA.
I will try it first before going live.
Looking forward to your new system, because I am your fan.
  • #1,288
  • Apr 5, 2012 2:25pm Apr 5, 2012 2:25pm
And I don't mean bob. Trades from everyone. Experience is the best teacher. So lets learn from everyones experiences.
  • #1,289
  • Apr 5, 2012 6:28pm Apr 5, 2012 6:28pm
This is what I am working on now. Looking for breaks through the weekly pivots, going in the direction of MACD. Next pivot is TP. Every week, every currency will always travel at least from one line to the next. Better weeks it will travel several lines. If you use Squalou lines with the pivot lines the ones that are almost equal are very powerful. Set pending orders around these lines and let price action come to you. SL settings give a minimum SL and profit runs are pushed to the near maximum. Anyways a peak at what I have been testing. Enter off the break of the weekly pivot lines on a 4H chart after at 10.0 read on the daily. The mid point between the pivot lines also give you very good SL areas. What I am looking for is better definitions on our entrances. The pivot indicator will be going through some small changes in its math formula so this one is not the final version but close enough for now.
Attached Image (click to enlarge)
Click to Enlarge Name: pivot pic 2.gif Size: 31 KB
Attached File(s)
File Type: mq4 1.2 NB WeeklyPivots.mq4   31 KB | 439 downloads
  • #1,290
  • Apr 8, 2012 8:05pm Apr 8, 2012 8:05pm
I am going to give some trades based on my 10.0 upgrade:

AUD/CAD sell below 1.0250
aud/jpy sell below 83.990
aud/usd sell below 101.650
chf/jpy sell below 88.750
eur/jpy sell below 106.790
eur/usd sell below 1.30200
gbp/chf buy above 1.46000
usd/chf buy above .92400


These are experimental based on the strength meter, and 10.0 reads. Still may have refining to do but thought I would post some trades. Good luck.

I am hesitant on CHF trades because you never know what SNB will do though.
  • #1,291
  • Apr 8, 2012 9:21pm Apr 8, 2012 9:21pm
Hello Nanningbob,

I have been unable to locate the template '1.2 4HR TMA' in any of your threads. Could you either suggest where I should look for it or repost it?

I want to apply the two indicators that you have just released to a chart to try evaluating their significance.

I been reading your 1.0, 10.0 and 10.1 threads for the past few weeks. I am impressed with your work!

Regards,
-Frank
  • #1,292
  • Edited 1:34am Apr 9, 2012 1:24am | Edited 1:34am
Quoting fmuir
Hello Nanningbob,

I have been unable to locate the template '1.2 4HR TMA' in any of your threads. Could you either suggest where I should look for it or repost it?

I want to apply the two indicators that you have just released to a chart to try evaluating their significance.

I been reading your 1.0, 10.0 and 10.1 threads for the past few weeks. I am impressed with your work!

Regards,
-Frank
I will be returning from BeiHai today and will post them at a later date. I am waiting on two indicators to be adjusted so the math formula are the same. Right now I am testing it and feel comfortable enough to post a couple of trades. However, I want all the indicators adjusted to the system first before posting the template. I want to post some trades live just to test myself. This keeps me in the rules, if I have one big weakness as a trader it is over trading. : ) When I upgrade I will start a new thread because I realize now try to keep up with 3 threads and 3 forms of trading is not possible. I will drop range, hi/lo trading and will do Counter and Trend trades. I just think range trading, except on just a couple of pairs is difficult. I will start here though and then move when I think everything is ready.
  • #1,293
  • Apr 9, 2012 1:57am Apr 9, 2012 1:57am
Nanningbob,

Thanks for your very informative reply! I had thought that I might of missed something!

I'll continue tracking this thread.

-Frank
  • #1,294
  • Apr 9, 2012 11:09am Apr 9, 2012 11:09am
Just some fundamentals.

Look to sell the AUD across the board.
Lookout for JPY intervention from BOJ making the JPY weaker.

The craziest pair maybe the CHF/JPY as each bank fights to weaken its currency more than the other.
  • #1,295
  • Apr 9, 2012 1:29pm Apr 9, 2012 1:29pm
Quoting nanningbob
Just some fundamentals.

Look to sell the AUD across the board.
Lookout for JPY intervention from BOJ making the JPY weaker.

The craziest pair maybe the CHF/JPY as each bank fights to weaken its currency more than the other.
Exactly .. I'm watching this pair with interest, and see how traders try to find a safe heaven. Otherwise, seeking the difference between counter trading and trading range. Trying find it in the manual of 10..(eh, my English language barrier). Is there a main difference in the pairs used?
  • #1,296
  • Apr 10, 2012 9:08am Apr 10, 2012 9:08am
Do not get yourselves involved in CHF buys only sells. The SNB has enforced itself on the market several times this year. If you are interested look for a pending buy above 1.20400 on the EUR/CHF. This is the area SNB likes to enter strongly. Could be a nice ride again. CHF/JPY sell I am already in. The other CHF currencies have not fallen that much so I dont expect intervention in those areas. I wonder how long the SNB can keep buying euros to weaken the CHF and keep away those who are looking for security.
  • #1,297
  • Apr 10, 2012 12:34pm Apr 10, 2012 12:34pm
Quoting nanningbob
Do not get yourselves involved in CHF buys only sells. The SNB has enforced itself on the market several times this year. If you are interested look for a pending buy above 1.20400 on the EUR/CHF. This is the area SNB likes to enter strongly. Could be a nice ride again. CHF/JPY sell I am already in. The other CHF currencies have not fallen that much so I dont expect intervention in those areas. I wonder how long the SNB can keep buying euros to weaken the CHF and keep away those who are looking for security.
You're right about the sales only. However, for the market will be difficult to overcome the E/CH line 1.20. If so, the market will be around this line volatile by itself. I do not expect immediate action by the SNB. Of course, the market and the players behind are changing. Big players can cause the SNB action. Well, we'll see.
  • #1,298
  • Apr 10, 2012 2:49pm Apr 10, 2012 2:49pm
Quoting nanningbob
I will drop range, hi/lo trading and will do Counter and Trend trades. I just think range trading, except on just a couple of pairs is difficult.
Hey bob, which pairs still look good to you to range trade?
  • #1,299
  • Apr 10, 2012 5:50pm Apr 10, 2012 5:50pm
Quoting greglegrande
Hey bob, which pairs still look good to you to range trade?

All the minor to minor pairs like aud/cad aud/nzd but the aud will be going down. It is one of the most oversold currencies out there. The pound has been ranging a lot for almost 3 years now. Gbp/cad and gbp/usd have been the best. The problem with USD however, is at anytime it could go strong because of what may happen in Spain. As you know I have quit range trading because Europe could go big news at anytime and you could have another Fall 2008 all over again. Study the weekly charts from 2008 and see which pairs were least affected back then by a rush to the dollar and those will be your best bets. You also have major interventions by the CHF and JPY banks over the last year so it becomes such a guessing game. The USD is looking good to strengthen in the future because it is the only major economy that has reduced its overall debt the last 4 years. If you take all personal, corp., state and Fed debt load, the USA is the only country that has reduced that figure. It is now over 11% reduction despite the Fed. govt. increasing its debt load by a trillion a year, other areas have been reducing theirs faster. Amazing huh. All other world areas, Europe, China, Japan have increased their debt load. Now that China is slowing down buying everything in sight from the commodity countries you should see the AUD and NZD come down. Cad no prediction. That leaves gbp as the big mystery in the middle and probably the best range trading currency. However, if the EURO goes down it historically follows. The Brits have been fighting hard to reduce their debt load also. SOOOOOOOOOOOOOOO ............................. I hate fundamentals, but you cant ignore them also. But I see market swing volitility at any time which makes range trading very difficult. Sorry, but I wish I was wrong, range trading is where I used to make most of my money.
  • #1,300
  • Apr 11, 2012 3:59am Apr 11, 2012 3:59am
Quoting nanningbob
Could be a nice ride again. CHF/JPY sell I am already in. The other CHF currencies have not fallen that much so I dont expect intervention in those areas.
Hi bob

can you elaborate on how you are okay with a short CHFJPY with imminent BoJ intervention? Do you expect on this reaction of this pair to be minor compared to a EJ or UJ effect?

billdoor
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