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Nb 10.0 trend trading system

  • #1,421
  • May 3, 2012 7:20pm May 3, 2012 7:20pm
Quoting cwench
Red circle price ranges and comes back inside the blue MA line,and then it crosses back up over the blue line.But the Slope indicator comes back below .4.So how i can catch it？Thank you！
The bars when they come back inside are pink and show range or change of direction. However, there is nothing stopping price from bouncing off something and continuing back up. The only way you will know this will happen is if you know the fundamentals of a currency. The fundamentals of the Euro right now is this: big money like SNB and others are defending certain price range for the Euro. When it hits a certain spot they are going to force the Euro back up in value. This makes sense because they are loaning boat loads of money to Euro countries right now and dont want the Euro to depreciate more than the interest their money is earning. Govt. want these loans and cant afford interest rates to rise because the currency is depreciating so quickly. So even though fundamentally right now news in euro is mostly bad, behind the scene forces are preventing it from going down. The best trades are not buys but selling these rallies. So wait for the rallies and sell them. Take advantage of big boys money for a change. I dont know how long they can keep this up but JPY has been sitting on crash for over a decade so enjoy making money off of them. Look to sell Euro all through this crisis. Be happy when you see a rally because you are going to sell. Just my thoughts.
  • #1,422
  • May 3, 2012 7:45pm May 3, 2012 7:45pm
Hi Bob,

Do you have martingale system for 10.2?
Attach is the martingale EA that you gave me earlier.
It is working great until I upgrade my IBFX AU MT4 to version 4.419
After upgrade I don't see the EA opening any trade in this week.
What is the problem?
Can you help me please?
Thank you

Attached File(s)
File Type: mq4 10.6 BOTH 45x90.mq4   24 KB | 612 downloads
  • #1,423
  • May 3, 2012 8:15pm May 3, 2012 8:15pm
Quoting nanningbob
This is the read only section of 10.2 I will post the templates indis etc. later. I am going for a walk, happy reading. Please make suggestions on grammar, explanations readability etc. I will make a final draft and post it on pg. 1 later in the week. I still have to make sure the templates and indis all match up before posting them. Remember this is only a test version.
Thankyou NB, I'm another grateful follower Your final system is very impressive. I'm not quite clear about the blue, green & red MA's (Blue MA line changed from 2 to 5 MA shift 1LWMA)? I can follow the blue MA but not sure how to setup the green & red. Does this come installed with the Template?
Aussie Brian
  • #1,424
  • May 3, 2012 8:33pm May 3, 2012 8:33pm
Quoting Noosaville
Thankyou NB, I'm another grateful follower Your final system is very impressive. I'm not quite clear about the blue, green & red MA's (Blue MA line changed from 2 to 5 MA shift 1LWMA)? I can follow the blue MA but not sure how to setup the green & red. Does this come installed with the Template?
Aussie Brian
The 3 lines match the 3 different EAs. depending on price action and location will determine which one you use. I am using pending orders around S/R lines more than the EAs but I am using the EAs on these euro rallies. I dont know how far they will push the price of the Euro up but when it comes down that is where these EAs are valuable. Which line I use depends on price action. If it is steep use the blue, if it is shallow you may use the others. MA lines wait for price reversal before entering that is why I like them. I use them most for reentries back into the trend. Sometimes that point is not clear but it is on the other side of the line and when it crosses I want in.

The templates should have the MA lines in them, if you dont have them post a pic so I can see what the problem is.
  • #1,425
  • May 3, 2012 8:38pm May 3, 2012 8:38pm
Quoting Sh1n1ch1
Hi Bob,

Do you have martingale system for 10.2?
Attach is the martingale EA that you gave me earlier.
It is working great until I upgrade my IBFX AU MT4 to version 4.419
After upgrade I don't see the EA opening any trade in this week.
What is the problem?
Can you help me please?
Thank you

Attachment
I have no idea why a change of version would change the EA. You will need to ask your broker what the changes are and why they would affect and EA. The 60x90 is made from a martingale style EA but I only use 3 levels, if price goes outside those 3 it wont reenter anymore. My experience has been once you go beyond 3 levels the risk to reward goes down. In other words you can suffer more damage from loss than you can receive from adding 4 or more levels. In recovery trades I eliminate the first level for a loss before adding another level so I never have more than 3 levels going on at anytime. Using this method I have never lost an account and I dont suffer non-recoverable losses.
  • #1,426
  • May 3, 2012 9:35pm May 3, 2012 9:35pm
Hello NB!

i am very impressed on your systems before and always using them and looking for your new stuff and information you give/say

but this one 10.2 is just a Big WOW!

thanks to everyone who helped for such great thing and the most important
sharing it!

i want to say if its possible to have an alert if the slope goes over the .04.-04?

thanks a lot again.
A Ship in Harbor Is Safe, But that Is Not What Ships Are Built For.
  • #1,427
  • May 3, 2012 10:34pm May 3, 2012 10:34pm
Quoting Nice
Hello NB!

i am very impressed on your systems before and always using them and looking for your new stuff and information you give/say

but this one 10.2 is just a Big WOW!

thanks to everyone who helped for such great thing and the most important
sharing it!

i want to say if its possible to have an alert if the slope goes over the .04.-04?

thanks a lot again.
I maybe wrong but version 1.5 may have that but it is set to .5. You can go to AL's thread and get it there. I didnt use 1.5 because it used more memory and I am trying to keep the memory usage down.
  • #1,428
  • Edited 11:04pm May 3, 2012 10:49pm | Edited 11:04pm
Eur/usd shows a very good reenter into the trend trade. Bars are red, both WOH show DT. Price has moved back above 3 MA Lines (1) and you see S1 (1). Put a pending order below S1 (1) and see if you catch a re-entrance back into the trend. The weekly open price went just above the line showing a good retrace back to the open on the weekly (2). This has all the makings of selling back into the trend trade. Dont be surprised if price goes up after the Euro open but explodes back down later in the USA session. So place a pending sell below the S1 line and profit target S2 would be 100 pips away at S2 (3). The green areas are the main things to look for on a 4H chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.gif Size: 41 KB
  • #1,429
  • May 3, 2012 11:26pm May 3, 2012 11:26pm
If you look at the EURO charts, eur/jpy, eur/gbp are showing almost identical charts. Eur/Cad could be played as a bounce off the weekly pivot. If tonights move makes the euro go up. You would not be in eur/jpy eur/gbp or eur/usd but a pending buy above the weekly pivot on the eur/cad could have you going buy. You have yourself covered going both directions on tonight's story with the euro. Eur/usd, eur/jpy, eur/gbp sells, eur/cad buy. The other euros are overbought and look to come down but that may not happen. So that is how you can read these charts and prepare for a news story in either direction. I know the eur/cad signals are for a sell but it is in the best position to go up of any of the euro currencies. Break the pivot and run north. I like trades crossing the pivot line.
Attached Image (click to enlarge)
Click to Enlarge Name: eur cad.gif Size: 44 KB
  • #1,430
  • May 3, 2012 11:29pm May 3, 2012 11:29pm
Quoting nanningbob
Eur/usd shows a very good reenter into the trend trade. Bars are red, both WOH show DT. Price has moved back above 3 MA Lines (1) and you see S1 (1). Put a pending order below S1 (1) and see if you catch a re-entrance back into the trend. The weekly open price went just above the line showing a good retrace back to the open on the weekly (2). This has all the makings of selling back into the trend trade. Dont be surprised if price goes up after the Euro open but explodes...
question is about stp loss on re-rentering trades: do u place fixed pips stp or use stp above/below last S/R line?
all is eternal - this is good news for people who loves bad news
  • #1,431
  • May 3, 2012 11:31pm May 3, 2012 11:31pm
Quoting Noosaville
Thankyou NB, I'm another grateful follower Your final system is very impressive. I'm not quite clear about the blue, green & red MA's (Blue MA line changed from 2 to 5 MA shift 1LWMA)? I can follow the blue MA but not sure how to setup the green & red. Does this come installed with the Template?
Aussie Brian
I put pics in the folder to show what the screens should look like. Does your screen match the pictures??
  • #1,432
  • Edited 12:15am May 4, 2012 12:05am | Edited 12:15am
Hi Nanningbob,

Yes, my graph match with those of eur/usd template. I just have a quick question, in your Read This First 10.2.doc, it mentions you have to copy 15 indicators into experts indicators folder, but there seems to be 29 of them in indicators folder. I copied all of them across. Did I do it correctly or have I made a big blunder. I am using metatrader from REXFO.

Thanks for the wonderful system.

Regards,

Kainreaver
  • #1,433
  • May 4, 2012 12:09am May 4, 2012 12:09am
Quoting meshka
question is about stp loss on re-rentering trades: do u place fixed pips stp or use stp above/below last S/R line?
If I play the bounce off of a line you put your SL on the other side and make it tight. If I play to break a line the mid level or nearest level or MA line. Those are close in SL. If I think fundamentals are strong on my side I rarely use a SL. Then I will use the pivot line. What I dont want is to trade a sell and have price go on the other side of the pivot line on currency pairs 3-5. 1 and 2 are easier to trade and seldom use SL with them. If they go against me they dont go far. I am going to write a paper on MM and compare using small lots to account size and large lots to account size. My rule of thumb is going to be 1% of the account risked on a trade. What that means is if I have 2000 dollars in my account I dont want to risk more than 20 dollars on a trade. If you use 1.00 dollar per pip then your SL should be about 20 pips. If you trade .10 or ten cents then you can go 200 pips. If you play .01 or one penny per pip you can go 2000 pips. So to me SL are proportional to your lot size. The bigger your lot size the smaller your SL and the bigger your winners are. Higher risk, greater risk of SL being hit. Smaller lot size, more trades you can handle, bigger your SL the fewer times it will get hit. So those that know me know I use big SL and small lot sizes. Keeps my win ratio very high, near 80%, but my risk is very low. So to really answer that question you can choose several options. Last swing high or low, S/R levels, Pivot line, or percent of account. To me SL really should be based on the type of trader you are. I choose never to get spiked out of a trade so I use small lots and large SL. I am not afraid of using multiple positions on one pair but I limit them to 3 max. For example tonight if the euro crosses S1 and enters a sell and then goes to explode across the pivot line I will just take the loss. If it crosses the S1 enters and then goes back to the pivot I might enter a second position there and play for a bounce off of the pivot for a BE trade. It just depends on how you want to trade.
  • #1,434
  • May 4, 2012 1:17am May 4, 2012 1:17am
Quoting nanningbob
If I play the bounce off of a line you put your SL on the other side and make it tight. If I play to break a line the mid level or nearest level or MA line. Those are close in SL. If I think fundamentals are strong on my side I rarely use a SL. Then I will use the pivot line. What I dont want is to trade a sell and have price go on the other side of the pivot line on currency pairs 3-5. 1 and 2 are easier to trade and seldom use SL with them. If they go against me they dont go far. I am going to write a paper on MM and compare using small lots...
well yes ... your thoughts fit my style. I trade similarly - use small risk percentage - normaly its between 1-2%: higher probability trade, more I risk, but it never goes beyond 2%. mostly my risk is 50-70 pips, so with 10K account I can indulge to sell/buy 2-3 minilots (1 pip = 1 USD) per trade.

One more question: why You chose only those pairs You made research in excel file? what was Your criteria? correlation? volatility? backtesting results?
all is eternal - this is good news for people who loves bad news
  • #1,435
  • May 4, 2012 2:10am May 4, 2012 2:10am
Quoting meshka
well yes ... your thoughts fit my style. I trade similarly - use small risk percentage - normaly its between 1-2%: higher probability trade, more I risk, but it never goes beyond 2%. mostly my risk is 50-70 pips, so with 10K account I can indulge to sell/buy 2-3 minilots (1 pip = 1 USD) per trade.

One more question: why You chose only those pairs You made research in excel file? what was Your criteria? correlation? volatility? backtesting results?
Not sure about your question but I think I understand it, let me know if I dont. I trade around 25 pairs on my charts, seldom trade gbp/nzd, eur/nzd, and eur/chf but the info is there. These are also the major currency pairs, which I will divide into two groups. Majors USD, EUR, GBP, and JPY and the minors NZD, CAD, and the AUD with the CHF in the middle somewhere. That is the 8 major world currencies. Someday we will have to add the RMB to that group. So I have plenty to trade and choose from. From that group I look for the best trades of the day or week and that is what I will trade. I can be in 8-15 different pairs at any one time. All other currencies have never been worth the trouble except the SGD/USD which is a great ranging pair. As I pointed out earlier I can be in the EUR sells tonight or buys depending on what happens. It is what my charts are telling me. The research is not that difficult to do using the 'save as' feature of MT4 and putting the info into an excel worksheet. Let it do the math and sorting and bingo in less than a half a day I can have the info. classified and usable.

I did a study of what currencies were doing before Oct. 2008 and what they are doing after 2008. This lead to some conclusions that changed my trading habits. I used to be a CT trader exclusively but the information I gleaned from the excel sheet led me to 1.0 then to 10.0, 10.1 and now 10.2. I changed how I range trade from that info. The type of range trading I did before 2008 just doesnt work very well post 2008. I have had to adjust. This info allowed me to adjust to the present market conditions.
  • #1,436
  • May 4, 2012 2:20am May 4, 2012 2:20am
Quoting kainreaver
Hi Nanningbob,

Yes, my graph match with those of eur/usd template. I just have a quick question, in your Read This First 10.2.doc, it mentions you have to copy 15 indicators into experts indicators folder, but there seems to be 29 of them in indicators folder. I copied all of them across. Did I do it correctly or have I made a big blunder. I am using metatrader from REXFO.

Thanks for the wonderful system.

Regards,

Kainreaver
Indicators in MT4 come to two to one. One is the executable file and the other is the program. The yellow ones are the programs which you can go into and change if you know some basic programming. When you are done you compile the program and you get a duplicate or executable file. The computer then runs the executable file. So you have two files for each indicator, the program and the file which runs the program. In some cases the program has not been made public and all you have is the executable file. You cannot change that program, it is what it is because the program part is not included. So that is how you can have 15 programs and 29 files. One of the indicators is an executable file only and the program is not included.

OK for you experts out there I tried to put this in easy to understand layman terms. So be kind to me and my explanation. OK?
  • #1,437
  • May 4, 2012 2:32am May 4, 2012 2:32am
Hi Nanningbob,

Thanks for the fast reply, it shows that I do not know anything about mt4. I have a steep learning curve on mt4.

Once again thank you.

Regards

Kainreaver
  • #1,438
  • May 4, 2012 2:59am May 4, 2012 2:59am
Nanningbob: thanks for looking onto the pivot line label problem

There is another thing I found: none of the the WOHs looking the same as on your screenshots here in the forum and in the 10.2 documents. It seems that the 1MA histogram doesn't resets itself at the begining of the week, and it compares the previous weeks' candles to the current week's open. The 2ma shift1 histogram looks completly different too, but I don't know why

Please take a look at my screenshot about the EURCAD chart and compare it to your screenshot you posted here a few hours ago. Both WOH are different to yours, the pivot lines, slope histogram and ma's are looking good to me (apart from the fact that your broker use different timezone than mine).
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad_nb102.gif Size: 38 KB
  • #1,439
  • May 4, 2012 3:32am May 4, 2012 3:32am
Quoting Zool
Nanningbob: thanks for looking onto the pivot line label problem

There is another thing I found: none of the the WOHs looking the same as on your screenshots here in the forum and in the 10.2 documents. It seems that the 1MA histogram doesn't resets itself at the begining of the week, and it compares the previous weeks' candles to the current week's open. The 2ma shift1 histogram looks completly different too, but I don't know why

Please take a look at my screenshot about the EURCAD chart and compare it to your screenshot...
I downloaded the indicators from page 1 post 1 and compared them with the ones i am using and they were identical. The only possible guess answer would be the open times of the markets would be different from broker to broker. This would make the place of the original open line different for the different indicators. In other words the open time of the market by the broker is the determining factor of what the indicator will tell you. So both the 1MA open and 2 MA open would be affected by that. Solving that problem, oh boy that would be a wild one. I can see where that would be a problem especially with the gaps on the Sunday open. Lets say your broker opens two hours earlier than mine and your gap is 100 pips and when my broker opens two hours later there is a 150 pips gap. That would really screw things up. We are working on a Friday close indicator which would lessen the problem because the markets are basically dead the last couple of hours on Friday. Anyone else have a solution????

Now you know why I said this is a test version. Have to work some of these bugs out.
  • #1,440
  • May 4, 2012 3:42am May 4, 2012 3:42am
Quoting Zool
Nanningbob: thanks for looking onto the pivot line label problem

There is another thing I found: none of the the WOHs looking the same as on your screenshots here in the forum and in the 10.2 documents. It seems that the 1MA histogram doesn't resets itself at the begining of the week, and it compares the previous weeks' candles to the current week's open. The 2ma shift1 histogram looks completly different too, but I don't know why

Please take a look at my screenshot about the EURCAD chart and compare it to your screenshot...
I see by your trade entrance you pick the highs of the recent candles as your entrance. Good spot. Another suggestion would be to use one of the EAs so if price shoots up tonight you would never be in the trade and not take that loss. I have my eur/cad set up that way with a buy above the pivot line so I can go either way with my trade tonight. Just a trading idea before a possible big news story.
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