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Nb 10.0 trend trading system

  • #2,261
  • May 21, 2012 11:53am May 21, 2012 11:53am
Quoting Jemook
Correct. So if the EA is set to run on EURUSD and you are looking at an GBPCHF chart when it triggers, it will still trigger the trade.
OK one other comment about the TF. The EA is titled "5.1 MA Buy any time frame"

So it seems the TF shouldn't matter. Is that right?
  • #2,262
  • May 21, 2012 11:56am May 21, 2012 11:56am
Quoting cmeade2
OK one other comment about the TF. The EA is titled "5.1 MA Buy any time frame"

So it seems the TF shouldn't matter. Is that right?
The time frame very much matters ...because the MA levels are different on each TF thus you need to know what time frame you want to enter on - "any time frame" means you can drop it on any time frame chart
  • #2,263
  • May 21, 2012 11:59am May 21, 2012 11:59am
Quoting fire580
The time frame very much matters ...because the MA levels are different on each TF thus you need to know what time frame you want to enter on - "any time frame" means you can drop it on any time frame chart
OK I get it. You might get a cross on the H4 but it will only execute if you have an H4 chart for that pair.
  • #2,264
  • May 21, 2012 12:05pm May 21, 2012 12:05pm
Quoting cmeade2
OK I get it. You might get a cross on the H4 but it will only execute if you have an H4 chart for that pair.
You not only need to have a chart open for that pair - but you need the desired MA buy or sell EA on the chart
  • #2,265
  • May 21, 2012 12:08pm May 21, 2012 12:08pm
cmeade, the 5.1 EA SELL will only trigger a sell when price goes down pass the 1st MA. Whichever TF u use, the MAs will change accordingly.
Attached Image (click to enlarge)
Click to Enlarge Name: SELL_EA_5.3.png Size: 109 KB
  • #2,266
  • May 21, 2012 12:11pm May 21, 2012 12:11pm
Quoting fire580
The time frame very much matters ...because the MA levels are different on each TF thus you need to know what time frame you want to enter on - "any time frame" means you can drop it on any time frame chart
correct.
  • #2,267
  • May 21, 2012 1:44pm May 21, 2012 1:44pm
Quoting Kelisa
au - range trade.
Went short this morning on AU & NZ. Both still open and approx 50 pips in the red. Also went long on CAD and also in the red.
Hope tomorrow brings better luck - none of them have hit stops yet (placed on pivot).

For the record, I made around 300 pips last week using this system, so I'm not knocking the system in any way - just updating on my position
  • #2,268
  • May 21, 2012 1:53pm May 21, 2012 1:53pm
Quoting cytek
Went short this morning on AU & NZ. Both still open and approx 50 pips in the red. Also went long on CAD and also in the red.
Hope tomorrow brings better luck - none of them have hit stops yet (placed on pivot).

For the record, I made around 300 pips last week using this system, so I'm not knocking the system in any way - just updating on my position
Same here. I made over 1500 pips so few losses are bound to come and I am not too worried. I am -87 at the moment but since I am long some stocks this is a perfect hedge and net I am up for the day around $900.
  • #2,269
  • May 21, 2012 1:54pm May 21, 2012 1:54pm
Quoting Jemook
I've got my USDCAD WR1 at 1.03?
Yep. Mine slightly higher at 1.04 but same ball park.
  • #2,270
  • May 21, 2012 2:04pm May 21, 2012 2:04pm
Looks like nzdchf bouncing off WP so I just put 5.3ma sell ea on H1 tf hoping it will fall back into the H4/D1 dt...
  • #2,271
  • May 21, 2012 3:16pm May 21, 2012 3:16pm
Looking at eu looks like big boys are back in town...
Are we seeing trend reversal on most of the pairs??
  • #2,272
  • May 21, 2012 4:52pm May 21, 2012 4:52pm
OK, thanks to all the expert advice, I tried install the EA and make it run.

As the MA cross occurred, I got the following error message

error(130) invalid stops

I installed it several times with several versions of stops: 0, measured in pips, measured as a price.

And it always gave the same error.

Any insights?
  • #2,273
  • May 21, 2012 5:03pm May 21, 2012 5:03pm
Quoting cmeade2
OK, thanks to all the expert advice, I tried install the EA and make it run.

As the MA cross occurred, I got the following error message

error(130) invalid stops

I installed it several times with several versions of stops: 0, measured in pips, measured as a price.

And it always gave the same error.

Any insights?
Hi,

set the input for "ECN" to "true". Error 130 means you are either not allowed to place the SL so near to your entry level OR you must place a market order without SL/TP (ECN type broker).

Cheers,
Olarion
  • #2,274
  • May 21, 2012 5:05pm May 21, 2012 5:05pm
Quoting Olarion1975
Hi,

set the input for "ECN" to "true". Error 130 means you are either not allowed to place the SL so near to your entry level OR you must place a market order without SL/TP (ECN type broker).

Cheers,
Olarion
Is that the "CriminalisECN" variable?
  • #2,275
  • May 21, 2012 5:27pm May 21, 2012 5:27pm
OK looks like we are getting our retracements or reversals. Euro likes to confuse me here. I am not surprised that it is going up again but why would the eur/nzd go up last week when the rest are going down but the bigger question is why would it go down when the others go up. Now that doesnt make sense to me?? So the eur/nzd and eur/aud are going south of their weekly pivot while the rest are going north????

The aud pairs all had SRF failures, so does this mean they are not in their new range and we can trade them like I originally thought we could?

Cad/jpy and chf/jpy have reached their pivot points, will they break through or will they bounce and keep going south.


GBP all are below their weekly pivots, are we no longer going schizo?

nzd are all at their pivot lines............ hmmmmmmmm

usd/cad is still above but heading to its pivot line, usd/cad and usd/jpy are both south of the weekly pivot. Looks like the runs we enjoyed are now done. The question now is are we going to range this week or are we seeing trend reversals????????? Are these dips in rallies/rallies in DT???? Gonna hate these times when price is between the monthly pivot and weekly pivot. One weekly open is showing buy and the other is showing sell because price is between the 1MA and the 2MA on the weekly. Oh boy. I think I will watch, maybe take a trade or two here and there and see what happens next.
  • #2,276
  • May 21, 2012 5:29pm May 21, 2012 5:29pm
The only real definite I see maybe the euro going buy. If the euro bulls smell a rally I think they will enter big time and it will shoot up at the first good news story. I like to call it happy news time.
  • #2,277
  • May 21, 2012 5:31pm May 21, 2012 5:31pm
EU
are monthly S2

and h4

break the pivot
slope 0.4 and 0.8

no time to trade

please confirm

thanks
  • #2,278
  • Edited 6:27pm May 21, 2012 6:10pm | Edited 6:27pm
I think the key is if the monthly support 2 will act as resistance now. I think it will. So far this PM that seems to be true. I still think the Bears will sell any rally. The large Speculator in this last weeks cot report are as negative as they have ever been with net short positions of -173,869 which is a record for the EUR. These large traders are not going to unwind these positions unless there is some really miraculous news out of Greece and the EUR zone.

One negative of my conclusion here could be when every one is already short that leaves the possibility open for a Short Squeeze. You might say we had a mild squeeze today.
  • #2,279
  • May 21, 2012 7:16pm May 21, 2012 7:16pm
Quoting slowkey
I think the key is if the monthly support 2 will act as resistance now. I think it will. So far this PM that seems to be true. I still think the Bears will sell any rally. The large Speculator in this last weeks cot report are as negative as they have ever been with net short positions of -173,869 which is a record for the EUR. These large traders are not going to unwind these positions unless there is some really miraculous news out of Greece and the EUR zone.

One negative of my conclusion here could be when every one is already short that leaves...
Medium and long term I agree, however traders are only a small portion of Forex. At some point banks have sold off so much of their euro that they have to rebuy so they have more to sell to their customers. Their sell spreads are much bigger than ours and is one of their most profitable products. So I do expect a short term uptick but then I am no fundamental master. To me the key is the weekly pivot, as long as price moves above it you can handle some short term buy trades but when it goes below then sell away. I have just seen the real big boys (banks, etc.) and that is not the COT traders, cause bull fever and then crush them. There are also those who are going to make the euro work one way or another. They cant afford to have it drop out of the sky. I expect that to happen, doesnt mean it will, but that is what I am expecting.

I hate fundamentals, no one is ever right until after the fact.
  • #2,280
  • May 21, 2012 8:37pm May 21, 2012 8:37pm
Quoting cytek
Went short this morning on AU & NZ. Both still open and approx 50 pips in the red. Also went long on CAD and also in the red.
Hope tomorrow brings better luck - none of them have hit stops yet (placed on pivot).

For the record, I made around 300 pips last week using this system, so I'm not knocking the system in any way - just updating on my position
I made smoe 30pips from AU only to give it back later, oh well. Prices at this moment, i guess, its best to scalp towards its direction. If time permits me.
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