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Nb 10.0 trend trading system

  • #1,481
  • May 5, 2012 3:56pm May 5, 2012 3:56pm
Nan,
You are the Man ! I takes a Very clued up Intelligent Human being to trade like you do, I always thought I was very Stupid and did not like Money by Trading 2 cent and 3 cent on the Dollar lots with No SL but a TP only in my mind not set on the MT4 platform as in how far I want to go before I close my Trade and take my Profits but now I know better..... it's Greed that Kills a lot of Traders out there nothing else.

9ice one man, keep up the good work...
  • #1,482
  • May 5, 2012 4:13pm May 5, 2012 4:13pm
Quoting jjasper7
bob, congrats on an incredible win/loss ratio this week.
(ibfx now has a 419 build available, but you need to request it)

do i understand, this (10.2) is not a set & forget system, but one that defines and accomodates both breakout and ranging markets, but the user must decide whether to buy or sell, and then load and activate the buy or sell ea, then either use mptm or choose his own exit? so the ea's help pick good logical points to enter/exit, but it is still the traders responsibility to correctly decide market direction? i will read thru...
Yes the a key to successful trading and having a high win percentage is understanding whether a market is ranging or trending and trading accordingly. It was like the USD/CAD trade last Friday recognizing the USD/CAD was ranging and playing the bounce off the bottom of the range was a solid trade. The strong part is being able to back test with that pivot program. It opens up your eyes on characteristics of a currency pair. SRF trades maybe something you could make a living off of. I will try to concentrate on those this week and learning to spot them.
  • #1,483
  • May 5, 2012 4:40pm May 5, 2012 4:40pm
Here is a good example of wanting to get back into a trend. GBP/NZD has had a nice run up. This is the daily. Bars are above the .8 mark, strong UT shown very clearly. The angle is starting to slow down but looks strong enough for more. What you want to look for is the dip in the rally and then reenter on the 4H or 1H chart.
1. Yellow shows price above the .8
2A Price retraced inside the MA lines for a rest to range a bit.
2B Dip in the weekly open bars show the retracement, also slope angle stays strong
3. We look or another dip and reentry point
Attached Image (click to enlarge)
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  • #1,484
  • May 5, 2012 4:48pm May 5, 2012 4:48pm
4H chart shows price came back under weekly pivot and ranged for a while. Price began to regain strength as predicted by the daily chart.
2A and 2B show strong upward strength rebuilding.
At the weekly pivot price explodes for a 300 plus pip move.
What we want to look for on this pair is price coming back inside the MA lines and possibly weekly pivot again. The daily is predicting another solid upward move later. When this setup happens you have a high probability trade for hundreds of pips. NZD fundamentals are downward right now.
Attached Image (click to enlarge)
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  • #1,485
  • May 5, 2012 4:53pm May 5, 2012 4:53pm
Eur/nzd sister pair shows the same set up. It went twice in the last week. Highly probable it will do it again this week at least one more time. Daily chart first then 4H chart. At the 4H chart notice how important the main pivot line played. First time as a break through and the 2nd time as a place to bounce off of.
Attached Image(s) (click to enlarge)
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  • #1,486
  • May 5, 2012 4:57pm May 5, 2012 4:57pm
Nanningbob:
I studied the program code of the two weekly open histograms, and found a thing (I'm not an experienced MQ4 programmer myself, but I have some programming knowledge). So both of the histogram indicators have these lines:

...
if(TimeDayOfWeek(iTime(NULL,0,i))==0)
...
if(TimeDayOfWeek(iTime(NULL,0,i))!= 0) Trigger=true;
...

This means that it's hard coded that there should be a Sunday candle, so if there is no Sunday candle, then the indicator doesn't resets itself. The '0' on the end of these lines means Sunday (0=Sunday, 1=Monday, 2=Tuesday ...etc).
I changed it to 1 since the start of the week on my broker is on Monday, and it's almost working Maybe a parameter in the indicators setting should be used for this. Something like "Are there Sunday candle?" if true, then this value is 0 if false then it's 1. Or if you want to do it automatically then maybe there could be a function to check the lowest possible value for the day number and use that in the 'if' expression above.

I said that is almost working for me now, this is why I said that: there is a small issue with the calculation of the histogram's value, that I can't figure out.

Here is this line:
wo = iMA(NULL,PERIOD_W1,1,0,MODE_SMA,PRICE_OPEN,j);

This is the weekly open value, the 'j' at the end is the shift value (shift relative to the current bar the given amount of periods ago). So when it's '0' that means current week, when it's '1' that means previous week and so on.

If I enter numerical values, then the histogram showing up good on the week I put it's number into the code, but when I'm using the 'j' value something is going wrong and showing something completly different (I can't replicate it by entering numbers manually). There is an expression that increments this j value, but I can't figure out why it's not working.

Can someone who is more experienced coder please look into the code of the '10.2 WeeklyOpenHistogram 1x0 4.29' and '10.2 WeeklyOpenHistogram 2x1 4.29' indicators?
  • #1,487
  • May 5, 2012 5:12pm May 5, 2012 5:12pm
There are 3 eur pairs being defended by the big boys in europe. Eur/chf openly defended by SNB. However, its moves are so small I dont consider it worth trading. The eur/usd and eur/cad are and the moves can be nice. Here is the defend line on the eur/cad and it just bounced off of that mark again. Look to find buys in this area at the bottom red line. However, if that line is ever broke watch out, it means they are not defending it anymore. So Eur/cad and eur/usd maybe defended again and they will be pushed up. So this is what I see. Eur/cad has already been defended but will hang near this line until eur/usd get there. At that point the powers that be will either support the Euro or they wont. So 50-100 pips more down on the eur/usd and then decision time. As a trader you want to be prepared to go in either direction depending on what the big boys decide.
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  • #1,488
  • May 5, 2012 5:23pm May 5, 2012 5:23pm
GBP has been gaining on all currencies but looks downward against USD and JPY. Here is gbp/cad. If the eur defends its position on the eur/cad then look for the gbp/cad to break this R line and go up to the next R line marked on the screen. If the eur wont defend itself then the gbp/cad will reverse with it and play the bounce off of the red line. These key areas are decision places we can watch and then know how to trade. To place a pending above these lines is not a bad trade possibility. You play with a tight SL here and dont try recovery trades because if they go against you they will run for a while.
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  • #1,489
  • May 5, 2012 7:28pm May 5, 2012 7:28pm
Quoting nanningbob
GBP has been gaining on all currencies but looks downward against USD and JPY...
Please bear in mind that Monday is a public holiday in the UK, so things may be slow for GBP pairs. We have couple of more holidays in the next few weeks as well.

Kind Regards
  • #1,490
  • May 6, 2012 2:48am May 6, 2012 2:48am
Quoting nanningbob
Ok we have found two issues regarding different brokers and indis.

1. Is price feeds can be different from bank to bank and from broker to broker. This includes opening and close times. We can try to find a time that will match but no matter what we do there are going to be differences.
A. difference one is the opening prices are different which leads to problem B
B. the second part of the formula is based on the median of the candle so if the candles start at different times their medians are going to be different also. Have to think these...
Hi Bob

Thoughts on 1A and B.

1A, not much can be done the brokers open prices are what you get. You could get a few demo accounts with a few brokers write the prices to files and then have a windows app average the prices and provide them to your live broker's MT4. This is probably a lot of work for not much benefit (the prices should be similar if you can solve 1 B).

1 B, the H4 and D1 candles start at different times, but the H1 candles start at the same time, on the hour (not that I've checked every broker, but this makes sense to me anyway).
So, if you define a common datum, e.g. GMT ( see my post above ;-), then the median of the previous H4 candle can be determined by using the 4 previous H1 candles price information. Same idea for the D1 candle median. Unfortunatly this would require work on the indi's, but I think would get you closer to the 'correct' answer.

I hope this helps!

Paul
  • #1,491
  • May 6, 2012 5:57am May 6, 2012 5:57am
Quoting Zool
Nanningbob:
I studied the program code of the two weekly open histograms, and found a thing (I'm not an experienced MQ4 programmer myself, but I have some programming knowledge). So both of the histogram indicators have these lines:

...
if(TimeDayOfWeek(iTime(NULL,0,i))==0)
...
if(TimeDayOfWeek(iTime(NULL,0,i))!= 0) Trigger=true;
...

This means that it's hard coded that there should be a Sunday candle, so if there is no Sunday candle, then the indicator doesn't resets itself. The '0' on the end of these lines means Sunday (0=Sunday, 1=Monday,...
I will send this to FMuir. I am sure he can do it, he has been handling practically all the updates now. Thanks.
  • #1,492
  • May 6, 2012 5:58am May 6, 2012 5:58am
Quoting batemap
Hi Bob

Thoughts on 1A and B.

1A, not much can be done the brokers open prices are what you get. You could get a few demo accounts with a few brokers write the prices to files and then have a windows app average the prices and provide them to your live broker's MT4. This is probably a lot of work for not much benefit (the prices should be similar if you can solve 1 B).

1 B, the H4 and D1 candles start at different times, but the H1 candles start at the same time, on the hour (not that I've checked every broker, but this makes sense to me anyway).
So,...
Another good idea. Will look into it.
  • #1,493
  • May 6, 2012 1:05pm May 6, 2012 1:05pm
Quoting nanningbob
Eur/nzd sister pair shows the same set up. It went twice in the last week. Highly probable it will do it again this week at least one more time. Daily chart first then 4H chart. At the 4H chart notice how important the main pivot line played. First time as a break through and the 2nd time as a place to bounce off of.
Bob, should we not have S/R2 on this chart as it is group5 pair?
  • #1,494
  • May 6, 2012 2:45pm May 6, 2012 2:45pm
Bob - looks like great system in principal. As we discussed some months back, trading in concert with the weekly trend is vital and hopefully, the rules of this system will allow for some great trades that will endure. The system allows you to stay with the trade longer too.

I guess, reading the doc. the system is much the same as 10., it's just the 2 and 8 Mas on the chart have been replaced with the indicators showing the same info at the bottom of the charts and we are now using the dynamic pivot points as support and resistance? What success have you had in back testing and the live environment?

Some great work - I guess the EA master Steve Hopwood will at some point be able to code an EA that will autotrade the system as you intended?
Trade less and become more profitable!
  • #1,495
  • May 6, 2012 4:42pm May 6, 2012 4:42pm
Hi Bob, I have a doubt regarding the "10.2 TMA SLOPE INDICATOR 1.4.docx" document.

I've followed your instructions to adjust the histrogram (TMA Slope Indicator 1.4), but I'm not sure which TMA settings you meant that need to be adjusted.

Please, check the screenshot below, where I've adjusted both TMAs (original and TRUE). The only setting I've changed is the ATR multiplier for both cases.

For the original one, the ATR multiplier is now set to 3.0, and for the TRUE one, it is set to 2.0, so price could be inside of them most of the time.

So, is the ATR multiplier the only setting you adjusted ? Because both histogram indicators do not have this setting, the ATR multiplier, therefore, I can not adjust it according to your suggestion.

I downloaded your indicators (post 1), to make sure I was using the correct ones.

Thanks in advance for your clarification. Your adjustment idea is brilliant, so we can check the strenght of the move.
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  • #1,496
  • May 6, 2012 5:25pm May 6, 2012 5:25pm
Quoting fxbarwise
Bob, should we not have S/R2 on this chart as it is group5 pair?
Yes that would be normal.
  • #1,497
  • May 6, 2012 5:25pm May 6, 2012 5:25pm
Quoting Grimweasel
Bob - looks like great system in principal. As we discussed some months back, trading in concert with the weekly trend is vital and hopefully, the rules of this system will allow for some great trades that will endure. The system allows you to stay with the trade longer too.

I guess, reading the doc. the system is much the same as 10., it's just the 2 and 8 Mas on the chart have been replaced with the indicators showing the same info at the bottom of the charts and we are now using the dynamic pivot points as support and resistance? What success...
He is thinking
  • #1,498
  • Edited 5:41pm May 6, 2012 5:28pm | Edited 5:41pm
Quoting beto21_cwb
Hi Bob, I have a doubt regarding the "10.2 TMA SLOPE INDICATOR 1.4.docx" document.

I've followed your instructions to adjust the histrogram (TMA Slope Indicator 1.4), but I'm not sure which TMA settings you meant that need to be adjusted.

Please, check the screenshot below, where I've adjusted both TMAs (original and TRUE). The only setting I've changed is the ATR multiplier for both cases.

For the original one, the ATR multiplier is now set to 3.0, and for the TRUE one, it is set to 2.0, so price could be inside of them most of the time.

So,...

I will look into it but the ATR probably is not needed since we are only concerned with the center line slope direction and angle. The ATR setting only deals with how far from the center line the outside lines are and we dont use them in the indicator. If you are thinking of adding the TMA outer lines I have them on the lower TF and you could check that out there.
  • #1,499
  • May 6, 2012 5:29pm May 6, 2012 5:29pm
For some of you newer guys welcome to Sunday night open gaps. Dang havent seen these in a while. Will sit on the sidelines this morning and see how things shake out. I wouldnt try trading these things.
  • #1,500
  • May 6, 2012 5:38pm May 6, 2012 5:38pm
I will be doing SAT testing all week so my free time during the day maybe limited. We will see how it goes.
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