Nb 10.0 trend trading system | Page 68 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

HYBRID: trading system within a trading system 31 replies

Trend Manager Trading System 153 replies

Is Grid Trading (combined trend following and counter trend) Profitable? 3 replies

trading system opposite to trend 1 reply

hksweeper's Trading Journal - Reaction Trend System 20 replies

Attachments: Nb 10.0 trend trading system
Exit Attachments

Nb 10.0 trend trading system

  • #1,341
  • Apr 23, 2012 4:15pm Apr 23, 2012 4:15pm
Quoting nanningbob
All trades based on 4H weekly pivot lines using weekly indicator...
.
Hi Bob,

I know you said you are busy working on the 10.2 system update.
Does that mean that 10.1 is going to become obsolete?
Only reason I am asking is as a newbie, I am still learning and testing 10.1 and was wondering whether I should still persevere with 10.1 or wait until 10.2?

Many thanks.

Btw - wish you a speedy recovery and you get well soon.
  • #1,342
  • Apr 23, 2012 4:52pm Apr 23, 2012 4:52pm
Quoting nanningbob
1. You wrote, “You cant hedge with them but if you set up two accounts their transfer between the two is almost instantaneous so you can do it that way.” Can you elaborate on this, please? Do you mean, if I were to open two accounts with IBFX, I could open a long position on one account and a short position another, almost instantly?

Yes and if you need to transfer from one account to the other it is very quick.

2.......
Thank you very much again for your prompt replies!

Your recommendations and “weekly currency facts summary” will be invaluable resource to any trader who is interested in trying your strategies.

As you recommended, I managed to open a live account with IBFX, and will open a second account to be funded from the first one. Hopefully, I should be able to start trading on IBFX platform by the time you publish the 10.2 update. I will stick to your recommended “blues and greens”, of course.

By the way, what is the best way to install multiple instances of IBFX MT4 platforms on a single computer, please? The default installation of IBFX platforms, “InterbankFX_1-Click”, looks a little different form that of others, doesn’t it?
  • #1,343
  • Apr 23, 2012 9:14pm Apr 23, 2012 9:14pm
Quoting lonto
Hi Bob,

I know you said you are busy working on the 10.2 system update.
Does that mean that 10.1 is going to become obsolete?
Only reason I am asking is as a newbie, I am still learning and testing 10.1 and was wondering whether I should still persevere with 10.1 or wait until 10.2?

Many thanks.

Btw - wish you a speedy recovery and you get well soon.
10.1 uses Squalou S/R indicator. I will use the pivot indicator mainly because the lines are fixed and it is easier to back test previous weeks. It is still determine the trend and trade. What I hope 10.2 will do is make the trading decisions easier to read. We are developing a cool indicator that will help make the daily read easy to see on the 4H or any chart. One look and you know what to do. That one is going through bug testing now. I have some people proof reading my texts, system and indicators now. Because I work in China schools are closed Mon-Wed. next week and so hope to finish this up during that time. As you noticed I changed the name from 1.2 to 10.2 so I dont have to start a new thread.
  • #1,344
  • Apr 23, 2012 9:17pm Apr 23, 2012 9:17pm
I hope to have 10.2 update ready by beginning of next week. I will then take down all the other systems. I think you will like how I melded CT, range, and trend into one smooth system. I will not need the other threads unless the range thread wants to keep going using the older system. I also hope to publish trades and pics again since the entrance and exits will be much better defined, along with runner trades. That is the goal.
  • #1,345
  • Apr 23, 2012 9:21pm Apr 23, 2012 9:21pm
Quoting michaelhryu
Thank you very much again for your prompt replies!

Your recommendations and “weekly currency facts summary” will be invaluable resource to any trader who is interested in trying your strategies.

[size=3][font=Calibri]As you recommended, I managed to open a live account with IBFX, and will open a second account to be funded from the first one. Hopefully, I should be able to start trading on IBFX platform by the time you publish the 10.2 update. I will stick...
Just change the name before installing. It gives you a choice of where to put it in a folder, that is when you change the name. I use dates so I can keep up with my folders. for example today if I installed a MT4 would name it IBFX 0412 or IBFX 10.2 after the system I am using on it.
  • #1,346
  • Apr 23, 2012 11:07pm Apr 23, 2012 11:07pm
Quoting nanningbob
All trades based on 4H weekly pivot lines using weekly indicator.

USD/JPY
USD/CAD
USD/CHF

I am putting buys on all of these as they pass the weekly pivot

SELLS
Anything connected to the euro, be sensible about your entrances though.
Doing sells on EUR/CAD, EUR/JPY, AND EUR/USD as they cross the pivot line.

AUDs are good sells also. AUD/CAD, AUD/JPY, AND AUD/USD are all around S1 on the 4H chart. I am entering at the break of S1 on those pairs. Beware of happy news coming out of China which would make the AUD bounce back up again.

Happy trading.

Also...
Hope some of you enjoyed those aud and euro calls during the jpy session. Nice profits. In 10.2 we would take half profit or wait until hit moves to S2 and let the others run looking for a reentrance later. Bring SL up to 0 or +5 and see what happens.
  • #1,347
  • Apr 24, 2012 1:54am Apr 24, 2012 1:54am
Quoting nanningbob
I hope to have 10.2 update ready by beginning of next week. I will then take down all the other systems. I think you will like how I melded CT, range, and trend into one smooth system. I will not need the other threads unless the range thread wants to keep going using the older system. I also hope to publish trades and pics again since the entrance and exits will be much better defined, along with runner trades. That is the goal.
Hi NB, I look forward to your new version next week, we appreciate you sharing your valueable experience. Hope you are feeling better. Noosaville,
Australia
  • #1,348
  • Edited 6:09am Apr 24, 2012 5:33am | Edited 6:09am
Quoting nanningbob
In a debate over trading methods a guy proposed arbitrage as being important. I consider it worthless data. Here was his formula. In reality they try to trade anomalies in the market but because of super computers, anomilies that pop in the market are so quickly recovered and corrected I consider it a waste of time to try and trade. It is kind of a way of mocking his position. My position was every currency pair has its own movement and are independent of each other. Yes it is true EURO pairs can move in conjunction with each other but that is because...
"Just because the math/accounting formula always has them in balance does not mean you would get the same results trading the two pairs versus the one." -- In my opinion it should be always true, with a few and very short exceptions the position should be equal to zero minus a spread.. However, it is important to correctly determine the sizes of positions on the U / J and E / U.

Good luck with the new 10.2 system, I am very curious about the use of pivot lines.
  • #1,349
  • Apr 24, 2012 7:20am Apr 24, 2012 7:20am
Quoting figgi
"Just because the math/accounting formula always has them in balance does not mean you would get the same results trading the two pairs versus the one." -- In my opinion it should be always true, with a few and very short exceptions the position should be equal to zero minus a spread.. However, it is important to correctly determine the sizes of positions on the U / J and E / U.

Good luck with the new 10.2 system, I am very curious about the use of pivot lines.
First thank you for posting and welcome. I think I will have some nice quirks to trading. Bottom line, it is topdown trading on my favorite chart the 4H chart. Trying to keep it simple though.

We are not going to have this debate here and I really dont wish to sound gruff, but I will explain this one time as I understand it. In accounting for every tick usd/jpy goes up, the usd goes up one tick and the jpy tick goes down one tick, so no matter how you mix or match them with other currency pairs they will always balance. That is accounting. What you do to one side you must do the opposite to the other side of the accounting worksheet. So the formula will always balance unless there is an anomaly. I have balanced my books for decades and successfully survived two IRS audits without fines or penalties. YEAH. Dont ever want to go through that again.

However, when Toyota sells a car in France they get paid in Euros. When they cash the check and convert it back to jpy (Yen) it will have nothing to do with usd/jpy nor eur/usd but it will affect eur/jpy. However, the usd/jpy, eur/usd, and eur/jpy will always be balanced because in accounting that is how it has to be. That is the difference. They are independent of each other yet work in conjunction with each other. So when the check is cashed the euro ticks one way and the jpy ticks the other way. The usd/jpy and eur/usd do not tick on that transaction and the balance is never broken. I really dont know how to explain this any differently. I personally dont think there is an advantage to try to trade these anomalies, computers update and correct too fast to take advantage of them, sorry. Yes I know I run against the grain on this issue much like I do in some other areas. You will just have to forgive me.
  • #1,350
  • Apr 24, 2012 7:56am Apr 24, 2012 7:56am
Quoting Noosaville
Hi NB, I look forward to your new version next week, we appreciate you sharing your valueable experience. Hope you are feeling better. Noosaville,
Australia
It is the combined sharing that makes us better. I really would like to visit your country some day. There are a lot of Aussies here in China and have made good friends with several of them.
  • #1,351
  • Apr 24, 2012 2:49pm Apr 24, 2012 2:49pm
Quoting nanningbob
I hope to have 10.2 update ready by beginning of next week. I will then take down all the other systems. I think you will like how I melded CT, range, and trend into one smooth system. I will not need the other threads unless the range thread wants to keep going using the older system. I also hope to publish trades and pics again since the entrance and exits will be much better defined, along with runner trades. That is the goal.
Thank you Bob and very much looking forward to next week.
I really appreciate your time and effort to reply to the posts in this thread promptly especially as you have a day job too. If you need help to finish 10.2 (e.g. proof reading etc) please shout - I am sure a lot of members (myself included) will be more than happy to help.

Best regards,
George
  • #1,352
  • Apr 27, 2012 2:08am Apr 27, 2012 2:08am
In order to better communication,you can create QQ exchange group
  • #1,353
  • Apr 27, 2012 10:48pm Apr 27, 2012 10:48pm
Hi there!

I've been reading all the documentation you so kindly have put together, and man, no disrespect for all the other kind people who shared their knowledge with which I learned so much with about forex, but this almost brought a tear to my eye... I'm not joking, this is so amazing I think I will make a song in your honor (for real)! And when I get some profit, you can bet I will make that donation man, it's easy to dream of spending money on pretty things, but it's good to remember how some dollars can change a life in danger so easily...

I'm following 2 other threads here on FF at the moment (Stair Step Break Outs and Motherfibber) and learning stuff from them, but I will make time to also study 10.0 and 10.1 .

Possibly stupid question (I've only read the documents, not the 10.0 threads per se, gonna start just right now, so sorry if it is in fact a dumb question): Is the 10.1 to be used at the same time as the 10.0? From what I understood, 10.1 is a Trend trading strategy, and 10.0 is a system that consists of 1 pair analysis methodology and 3 trading strategies Trend, Counter Trend and Range, so I've got this question hovering over my head at the moment...

Thanks again, I will now start reading the thread. Have a nice day everyone!
  • #1,354
  • Edited 4:27am Apr 29, 2012 4:03am | Edited 4:27am
Quoting drgdrg
Hi there!

I've been reading all the documentation you so kindly have put together, and man, no disrespect for all the other kind people who shared their knowledge with which I learned so much with about forex, but this almost brought a tear to my eye... I'm not joking, this is so amazing I think I will make a song in your honor (for real)! And when I get some profit, you can bet I will make that donation man, it's easy to dream of spending money on pretty things, but it's good to remember how some dollars can change a life in danger so easily......
Yes 10.1 was an upgrade to the trend trading strategy. 10.2, which should be posted this week sometime will upgrade all three and keep them in one thread. It will be simplified and easier to follow. However, 10.0 will give you a fell for 10.2 if you study it.
  • #1,355
  • Apr 29, 2012 4:04am Apr 29, 2012 4:04am
Quoting cwench
In order to better communication,you can create QQ exchange group
Not a bad idea but because I work FT I really would not have time to be the main person of the group. I wouldnt mind stopping in once in a while to chat though.
  • #1,356
  • Apr 29, 2012 4:23am Apr 29, 2012 4:23am
All trades based on 4H weekly pivot lines using weekly indicator.

USD/JPY went up about 45 pips but hit my SL at +20
USD/CAD went up about 30 pips and hit my SL at +5
USD/CHF went up about 25 pips and hit my SL at +5

I am putting buys on all of these as they pass the weekly pivot

SELLS
Anything connected to the euro, be sensible about your entrances though.
Doing sells on as they cross the pivot line.
EUR/CAD, went to next pivot line for +62
EUR/JPY, two trades both went +5 hit trailing SL
EUR/USD, went about 45 went back to my SL of +20

AUDs are good sells also.
AUD/CAD, Went for over 150 but I bailed at first S1 for +67 pips
AUD/JPY, Went for 120 but I bailed at S1 for + 63
AUD/USD hit my +20

Also sell gbp/usd -- no trade, where are you going GBP?? I have adjusted my indicators because of you. Next time I hope to catch that move.

Totals for the week--no losing trades thanks to Steve's MPTM.

+267 pips no DD, carrying no losing trades at the moment. Will post some trades after open pivot points are set. I hope to start having some pics of trade setups also.
  • #1,357
  • Apr 29, 2012 8:32am Apr 29, 2012 8:32am
Thanks for the reply Mr. Bob (or should I say, sensei Bob? : ) lol )!

I've read the documentation of V 5.0, then clicked your profile and saw this pearl of a thread and began my reading. I'm still on page 50 of this thread but I have another window with the last page open so I can catch the tread most recent uptades.

Can't wait for the markets to open so I can test 10.1, seems like the most simple and logical thing ever. Also, I love how you interpret the fundies, after I'm finished catching up with this thread I'm going to read End Game like you advised.

Also eager to read the 10.2!

Thanks again for everything, oh great market man!

Have a nice one everyone : )
  • #1,358
  • Apr 29, 2012 8:55am Apr 29, 2012 8:55am
Excellent results as usual NB. Been following you for a while now and been using the 10.1 and recovery system to keep myself out of trouble and on the right side of the trade. I have also been following the Alorente thread to find a scalping technique to increase my trades for daily returns. I PM'd you before on my personal status and reason for that need a while back. Still the same status...still searching. I'm anxious to get a look at 10.2 to add to my trading tools to produce better results and less DD.

thanks as always for your willingness to teach and share with others.


Quoting nanningbob
All trades based on 4H weekly pivot lines using weekly indicator.

USD/JPY went up about 45 pips but hit my SL at +20
USD/CAD went up about 30 pips and hit my SL at +5
USD/CHF went up about 25 pips and hit my SL at +5

I am putting buys on all of these as they pass the weekly pivot

SELLS
Anything connected to the euro, be sensible about your entrances though.
Doing sells on as they cross the pivot line.
EUR/CAD, went to next pivot line for +62
EUR/JPY, two trades both went +5 hit trailing SL
EUR/USD, went about 45 went back to my SL of +20

AUDs...
  • #1,359
  • Apr 29, 2012 10:35am Apr 29, 2012 10:35am
Quoting nanningbob
Not a bad idea but because I work FT I really would not have time to be the main person of the group. I wouldnt mind stopping in once in a while to chat though.

Hello nanningbob,I know you are an English teacher in Nanning China,I come from Guangzhou of China.I am very interested in your trading system.So I would like to talk to you through the Chinese.My QQ number is 18594388.Can we communicate by QQ?Thank you!
  • #1,360
  • Edited Apr 30, 2012 9:18am Apr 29, 2012 5:51pm | Edited Apr 30, 2012 9:18am
Hi Bob, Your contribution to us all just continues to grow. Thank YOU!!! The attached charts show a method I am using to determine position size. I hope it is found to be useful, or at least interesting. Since I enter on H/L of H4 candle, Candle Length is also a factor for me in determining position size. I reduce position by 1/3 on long candles, and by 1/2 on very long candles. I am not recommending the 3%,4%.5% schedule. That is how I trade. I trade one pair only, G/J.
Attached Image (click to enlarge)
Click to Enlarge Name: 1nbexamplechart.gif Size: 36 KB
Attached File(s)
File Type: ex4 Copy of _MM_Lines.ex4   24 KB | 268 downloads
File Type: mq4 Copy of _MM_Lines.mq4   19 KB | 389 downloads
File Type: ex4 Atr&CandleLength.ex4   4 KB | 266 downloads
File Type: mq4 Atr&CandleLength.mq4   4 KB | 306 downloads
Vincit qui se vincit.
0 traders viewing now