Nb 10.0 range trading system

[quote=hansnl;5486254]Hi George, I like your ATR approach but I'm a lousy programmer would you mind share a piece of code or PM me with some details.
I suppose you set up a 7e variable with takes care of the ATR and implement that in the buy and sell condition.

Hans,

My apologies about missing your post. I went on holiday and did not go back far enough to see your post. Happy to share the details with you and will PM you some info. I am no coder either and used an EA builder to help formulate the criteria. Works just how I planned on entry, so happy with areas it takes entry.

In my next post, I will share my thoughts on this last test and you have some good ideas for evaluating the effectiveness of the original CTR H1 and the one which uses an ATR.

Best of trading to you.

George

Friends, first let me apologize for what I would consider to be a poor test from an execution perspective. I made a number of errors, which really skewed my feeling of the effectiveness. Some of those were letting a couple trades hit the BB on the other side and exiting (most on the losses, which I did not want) and opening multiple positions, when I did not want to. The other issue I ran into was time to allocate to managing the test. As traders, I am sure you all have a few systems you are evaluating or improving upon, with each taking time. As you succeed in some of those projects, those of course warrant more time. As you will see from the results, we would have been profitable, however, in the spirit of finding an improvement over the last test, I don't believe that has been accomplished.

Here are my thoughts on the ATR test:

1. The entry point was spot on with the EA, which would take entry when the price broke thru the BB, the 3MA was above/below the BB, price came back and broke back through the BB and 75% or more of the ATR was reached. As you can see, a number of criteria is required for entry and that limited the number of trades it would take. The original CTR H1 would almost take trades daily, but this was maybe 1-2/week. I do know, there were a number of trades missed due to the ATR function, which would have done well.

2. Out of the trades taken, there were 2-3 which required a second entry. So, in this test many more recovery trades required on average. This leads me to the effectiveness of the ATR criteria. Logically, it makes sense to take a ranging trade when it is at it's daily range. However, in this case when the range is being met, perhaps that is when support/resistance is being broken and the pair begins ranging again above/below your entry.

One thought is perhaps the opposite would work better where we want to avoid those times of reaching ATR due to breaking of SR? Probably in those cases there has been a significant news event driving the higher ATR and do we really want to be ranging that movement. Second thought is I like the entry point better (minus the ATR requirement) of this test vs. the original CTR H1. The CTR H1 takes entry when the price and 3MA have broken the BB. This last test I coded the entry when price comes back below/above the BB.

If I were going to test again, that might be the approach I would take and see if I can achieve better results. As Hans, pointed out, perhaps demo accounts be set up for all 3 options (original CTR H1, with ATR greater than 75%, and ATR less than 75%) to view results for more conclusions.

I hope this is helpful to those of you range trading.

Good trading to you all.

George

Thanks George for all your help and study in this area.

hi, well this system looks promising but i have one prob. Is this system written for professionals? Because i downloaded the 10.2 booklets 5.12 (zip files). Read all of them .... yet when i download the indicators, nothing is like what the books say!!! Scattering info in as many as 7 books isnt good, You explain the indicators well, but almost give no examples of how to use all these to make a trade. I read the thread & i find Bolinger Bands, which if i remember correctly is mentioned in passing in the booklet i am reading!!! There's no info that explains the system & how to use it properly, when to enter, when to get out, how to read the indicator. Info about these is so scattered to make a coherent reading. The indicators i have dont even correspond to the booklets versions esp the WOH. The TMA slope v1.4b works ok ..... can you please make this a little easier? Explanations of the indicators in different booklets is ok, but the system and all its indicators and how they come together to make a trade possible should be in book. This is not the case as such ..this system just confuses yet looks very promising ...

That is because I have combined all my systems into 10.2, Because of the extreme volatility of the markets I am not recommending range trading right now. Most currencies are moving in long trends rather than ranging and the ones that are ranging can breakout at any time on some big news story. 10.2 works fairly simple.

hi nan could i get an update on your ranging pairs

hi nanningbob - just a quick question. recently came across your threads for the first time, and plan to spend a bit of time going through all the great materials. thanks for sharing the great materials.

out of all the variations of your system, i assume the best version to focus on is 10.2?

is this time system you yourself are currently trading in todays markets?

many thanks.

FX-sniper

I would go ahead a check out all the work being put in over at Steves forum where Bob and many others are focusing heavily on the 10.2 system and coming out with great variations.

http://www.stevehopwoodforex.com/php...forum.php?f=37

10.2a is the easiest and simplest version of the 10.0 series. Easy to follow and understand. Go to page 1 post 1:

http://www.stevehopwoodforex.com/php...p=26340#p26340