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Nb 10.0 trend trading system

  • #1,661
  • May 10, 2012 8:03am May 10, 2012 8:03am
Quoting spyderman
So the choice here is do we want all of our charts to match for the purpose of thread continuity or do we want to match "real world" as you mention for trade integrity.

But if we opt for "trade integrity", don't we still have the same problem. If each of our broker's show a different pivot due to the weekly candle differences, then there is no way to "match" what the rest of the world is doing, as everyone uses different brokers. ?
I agree with you. I think Bob's strategy is very clear and we all must adapt to the strategy and don't the strategy to each Broker. I think if we want the same pivots, the only option is that we all use the same Broker, which is the decision of each.

Trying to change the indicators to suit all Brokers only thing that can get to affect the strategy.

Thanks Bob for all your help.
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  • #1,662
  • May 10, 2012 8:06am May 10, 2012 8:06am
Bob,

I want you please tell us what time to get used every day to make the analysis of the different pairs. At the opening of the day? At the opening of London? Or at different times?

Thank you very much.
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  • #1,663
  • May 10, 2012 9:24am May 10, 2012 9:24am
Quoting maudur
Bob,

I want you please tell us what time to get used every day to make the analysis of the different pairs. At the opening of the day? At the opening of London? Or at different times?

Thank you very much.
Well the nice thing about trading higher TF is once you make an analysis it stays until the indicators tell you it has changed. I have played aud nzd sells all week and now I see the slope indicator has slowed down on all pairs except the aud/jpy. They are now all show ranging on the 4H chart. So the run looks like it is over and look for ranging or reversal. The dailies show there could be some life left so we will see. I have my trades set that if they show one more run south I will enter off of MA cross.

On all Aud pairs I picked up 530 pips and 194 on NZD pairs so 724 pips on just those alone this week. Not a bad start for a test
  • #1,664
  • May 10, 2012 9:24am May 10, 2012 9:24am
I may not write anything in the morning. My daughter graduates tonight with an AA degree and i will be watching it online at 1am my time. She will then go to a University for her 4 year degree so I may be sleeping in late.
  • #1,665
  • May 10, 2012 9:27am May 10, 2012 9:27am
Quoting maudur
Bob,

I want you please tell us what time to get used every day to make the analysis of the different pairs. At the opening of the day? At the opening of London? Or at different times?

Thank you very much.
For me I get up 2 hours before the JPY open and read my charts. I set my trades and review them through out the day. So that is how my day goes. I go to bed between 10 and 11 and by then most of the USA run is over. Close my trades or plan my next move and go to bed. Get up and see if there are any pips there. My trading plan is set by the open of the JPY
  • #1,666
  • May 10, 2012 9:38am May 10, 2012 9:38am
Quoting maudur
I agree with you. I think Bob's strategy is very clear and we all must adapt to the strategy and don't the strategy to each Broker. I think if we want the same pivots, the only option is that we all use the same Broker, which is the decision of each.

Trying to change the indicators to suit all Brokers only thing that can get to affect the strategy.

Thanks Bob for all your help.
I guess I can say one thing about this issue. The strategy was built around IBFX and their reads. I can try to universalize it but those that understand the issue are telling me it may not be possible. We can fix a time for when it starts and ends and make that universal but will it work once we do that?? I dont know. The histograms are to tell me one thing. Which direction is price going from the weekly open and which direction is it going from the weekly trend. It was put there to help you not to enter in the wrong direction unless you have a very good reason to do so. SRF trades are one and crossing both pivot lines Monthly and weekly is the other. Maybe those will be different from broker to broker but it still will be close enough for you not to make a serious mistake. We will work on these issues but next we will finish up the cosmetic changes. Dont worry there are some real professional programmers out there who are working on the problem and if there is a true fix they will come up with it. Meanwhile for me anyway, the indicators are working just fine.
  • #1,667
  • May 10, 2012 9:52am May 10, 2012 9:52am
Quoting nanningbob
For me I get up 2 hours before the JPY open and read my charts. I set my trades and review them through out the day. So that is how my day goes. I go to bed between 10 and 11 and by then most of the USA run is over. Close my trades or plan my next move and go to bed. Get up and see if there are any pips there. My trading plan is set by the open of the JPY
Bob, Tank you very much by all your replies, they help us a lot and congratulations for the degree of your daughter and for the excellent results that you always have.
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  • #1,668
  • May 10, 2012 10:13am May 10, 2012 10:13am
Bob,

This week, my first week with your strategies, I've gained 394 pips, but today I opened 3 orders, sell in usdjpy, chfjpy and cadjpy. All in daily time frame. FOr example in usdjpy opened to open candle because it was at Monthly Mid Sup 1, and Slope was less than -0.4, and WHO was golden, but the price was returned. My SL is at 80.22. There is still a possibility that the tendency to resume and for closing.

But my question is, Is good opened several orders for the same currency, as in this case the jpy? Or you prefer to just open only one order to a specific currency?

Do you think it was OK to opened the order on these pairs or I committed an error?

Thanks.
Attached Image
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  • #1,669
  • May 10, 2012 12:57pm May 10, 2012 12:57pm
Hi all esp NanningBob,

So to know if I understood the strategy, please confirm the following:

1) GU on daily is showing UT (slope green and above 0.4) so one more leg up before anything else. Monthly pivot sits at 1.6113.
So I should go to H4 (I do not trade daily charts) and look for slope green and above 0.4 to trade. Also, look at close to be above MA and / or weekly pivot. TP to be slope is below 0.4.

I have not considered Weekly Open 1x1 and 2x1. Should I? Is it that without them being in the same direction I am wrong in calling this UT.

If CT on H4 then looking for slope Redish and TP to be next weekly support level or close to it.

EU on the other hand is Ranging on daily. So H4 trade with slope colour change and TP to be S1 or R1.

Please help in confirming this.
  • #1,670
  • May 10, 2012 1:13pm May 10, 2012 1:13pm
Quoting forexripper
Hi all esp NanningBob,

So to know if I understood the strategy, please confirm the following:

1) GU on daily is showing UT (slope green and above 0.4) so one more leg up before anything else. Monthly pivot sits at 1.6113.
So I should go to H4 (I do not trade daily charts) and look for slope green and above 0.4 to trade. Also, look at close to be above MA and / or weekly pivot. TP to be slope is below 0.4.

I have not considered Weekly Open 1x1 and 2x1. Should I? Is it that without them being in the same direction I am wrong in calling...
Hi,

I think you should attach a chart to your comments, so we can better analyze what you say.

In my chart, GU Day, the Slope is 0.3 and pink. In H4 the Slope is -0.13. Are you sure you're talking about GBPUSD?

Thanks
Attached Image
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  • #1,671
  • May 10, 2012 1:23pm May 10, 2012 1:23pm
Hey Bob

I've been a follower of you and your Ideas for a number of years now on FF and trade older strategies (learnt from you and your threads) successfully and consistently. I love that you are not one to rest on your laurels. The innovation you bring to each new launch is brilliant.

I'm a big fan of the TMA true ind and use it in most trade decisions. Now however you have introduced the TMAslope ind, I so love what you have done with it and how you use it. I was wondering though if anyone had considered basing the TMAslope on the TMA true ind. My guess is that it would solve the repaint issue.

Thanks Big Time Bob
  • #1,672
  • May 10, 2012 1:32pm May 10, 2012 1:32pm
Quoting nanningbob
I guess I can say one thing about this issue. The strategy was built around IBFX and their reads. I can try to universalize it but those that understand the issue are telling me it may not be possible. We can fix a time for when it starts and ends and make that universal but will it work once we do that?? I dont know. The histograms are to tell me one thing. Which direction is price going from the weekly open and which direction is it going from the weekly trend. It was put there to help you not to enter in the wrong direction unless you have...
The way I get around this issue is to load the 10.2 indis and templates on a demo IBFX account. I installed the free MT4i Personal Trade Copier - Sender EA on this platform. I then open another MT4 platform with my brokers account (+3 GMT) on it and load the MT4i Personal Trade Copier - Receiver EA on that and wallah! all trades entered on the IBFX account are copied near instantly to the other MT4 platform that has my brokers account on it. I run this setup on my VPS and it works fine.

Get the copier here: http://www.mt4i.com/appstore/app.aspx?id=2
  • #1,673
  • May 10, 2012 1:55pm May 10, 2012 1:55pm
Quoting El Salon
Hey Bob

I've been a follower of you and your Ideas for a number of years now on FF and trade older strategies (learnt from you and your threads) successfully and consistently. I love that you are not one to rest on your laurels. The innovation you bring to each new launch is brilliant.

I'm a big fan of the TMA true ind and use it in most trade decisions. Now however you have introduced the TMAslope ind, I so love what you have done with it and how you use it. I was wondering though if anyone had considered basing the TMAslope on the TMA true...
The TMA slope is based on TMA true numbers so that is what you are getting. I explained how I did that in my booklet. However attempts to make a slope true has not worked out very well.
  • #1,674
  • May 10, 2012 2:35pm May 10, 2012 2:35pm
Quoting maudur
Hi,

I think you should attach a chart to your comments, so we can better analyze what you say.

In my chart, GU Day, the Slope is 0.3 and pink. In H4 the Slope is -0.13. Are you sure you're talking about GBPUSD?

Thanks
Here is my chart. Why does it look very different from yours. I use Alpari.
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily NanningBob.GIF Size: 84 KB
  • #1,675
  • May 10, 2012 3:02pm May 10, 2012 3:02pm
Quoting zznbrm
No, your TMA Slope is based upon the regular TMA.

If you based the TMA Slope on TMA true numbers, it would simply be the slope of the underlying LWMA. Which it is not.

For a "TMA Slope True" indicator (one that gives you the slope of the TMA mid line as it was when each bar closed), you must base it off of the regular TMA, but alter the code to not recalculate the past values:
But, regular TMA's last bar (active bar) does coincide with LWMA (given which ever einit that your are using for regular TMA has to match LWMA value); therefore, wouldn't nonrepainting LWMA slope indicator represent TMA slope ture.
  • #1,676
  • May 10, 2012 4:47pm May 10, 2012 4:47pm
I see your point. Although the current bar does justice with LWMA the one previous is (corrupt).
  • #1,677
  • May 10, 2012 5:47pm May 10, 2012 5:47pm
Does anyone familiar with the TMA Slope find value in using it as a divergence indicator?

For instance right now on GBP/AUD H4, price is close to making a double top and there is a very large discrepancy in the Slope values of the two peaks. Though it's still in "Buy Only", should this start getting our attention for a reversal?

Thanks,
Randy
  • #1,678
  • Edited 6:17pm May 10, 2012 6:00pm | Edited 6:17pm
Quoting zznbrm
No, your TMA Slope is based upon the regular TMA (with period set to 20 instead of 56).

If you based the TMA Slope on TMA true numbers, it would simply be the slope of the underlying LWMA. Which it is not.

For a "TMA Slope True" indicator (one that gives you the slope of the TMA mid line as it was when each bar closed), you must base it off of the regular TMA, but alter the code to not recalculate the past values:

http://www.forexfactory.com/showthre...83#post5657283
Just a slight correction here. The numbers are based on the findings of the TMA true. They were then plugged into the TMA slope which then gives a very close approximation to the TMA true. The past history shows some deviation updating (repaint the more common term) but they are very close to each other. Close enough on a 4H and daily chart that they can be used both in real time and for past testing. The combo works as advertised. Check out the pic below. The repainting issue has been dealt with with weeks of live testing to substantiate what you see on the screen right now.

The LWMA failed very badly in live testing and I threw it out as a valuable indicator.

The bottom line conclusion is this, the slope indicator can be accurately used as a correct visualization of the angle of price action and picks up something we usually cant see and that is directional bias in a ranging situation. I hope this clears this up. The indicator is in and I will not be removing it because it is accurate for what we are using it for, ie. directional bias and strength of move. See the pic below showing TMA True with the new numbers and compare how closely it is represented by the slope indicator.

Notice when bars are green it overshoots the upper line and when bars are red it overshoot the bottom line down. Also notice when it is in DT it does not reach the upper line and in an UT price action does not make the bottom line. Very useful indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: tma and slope.gif Size: 30 KB
  • #1,679
  • May 10, 2012 6:02pm May 10, 2012 6:02pm
Quoting RandyG67
Does anyone familiar with the TMA Slope find value in using it as a divergence indicator?

For instance right now on GBP/AUD H4, price is close to making a double top and there is a very large discrepancy in the Slope values of the two peaks. Though it's still in "Buy Only", should this start getting our attention for a reversal?

Thanks,
Randy
See my morning comments.
  • #1,680
  • Edited 9:13pm May 10, 2012 6:08pm | Edited 9:13pm
Morning comments. Well it is morning here in China.

Almost every currency pair is showing range mode right now. Look for price action to do the 3 main reversal patterns. Look for double tops; 1,2,3 swing trades; and head and shoulder moves on just about every pair. After you see these you will then go into a range period or reversal. I can do this with just about every pair on the board.

My plays for today is aud and nzd sells which I think may already have happened. They will go to support line or come up short and complete pattern 2 or 3 above.

gbp I will start looking for sell opportunities.

Euro egads what a mixed bag, are major players interference coming soon??

USD probably range but may also start an UT.

JPY ?????

OK I have to go to work. My daughter graduated with a 4.0 average and got to wear all sorts of neat extras on her graduation gown. For her final two years of college she gets an almost free ride with scholarships and grants. I am very proud of Daddy's girl.
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