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Nb 10.0 trend trading system

  • #2,621
  • May 29, 2012 4:44am May 29, 2012 4:44am
Quoting futurespeter
Same situation as yesterday.

May I ask where you placed your SL (if you use one)?
1.5743 above a pivot prize zone(PPZ) or swing low from 2012/5/18 4:00 GMT.

Update: SL moved to break even and I took 26 pips at half my position. It is currently at a H1 PPZ. So I might get stopped out if there is not enough momentum down
Riding the order flow
  • #2,622
  • May 29, 2012 5:13am May 29, 2012 5:13am
Quoting Binyamin
1.5743 above a pivot prize zone(PPZ) or swing low from 2012/5/18 4:00 GMT.

Update: SL moved to break even and I took 26 pips at half my position. It is currently at a H1 PPZ. So I might get stopped out if there is not enough momentum down
thanks.
  • #2,623
  • May 29, 2012 6:37am May 29, 2012 6:37am
Bob, does the final version not come out? Very busy?
  • #2,624
  • May 29, 2012 6:40am May 29, 2012 6:40am
Quoting hamdon146
Nanningbob, thank you for the fantastic running commentary. It really helps to confirm proper understanding of your system.
Your welcome so far very slow day, hope it picks up some in the USA session
  • #2,625
  • May 29, 2012 7:07am May 29, 2012 7:07am
Quoting cwench
Bob, does the final version not come out? Very busy?
Yeah, the final version is basically the same as the test version but has some neat bells and whistles. What you are using is basically the same that I am using. Some of the things we are working on is making the indis use less computer usage, putting all the EAs into one ea. You drag the one EA onto the screen and check which one you want to use, lot size, magic number. So we will only have one EA instead of six like now. A strength indicator based on slope and some kind of dashboard. We are running into some snags on some of these. However, everything in page 1 post 1 is what I am using but one or two maybe newer updates. Anyway tomorrow is my last day of teaching and then I will have more free time. I will post what updates I do have and then wait for the rest. I definitely will post what I do have this weekend.
  • #2,626
  • May 29, 2012 7:13am May 29, 2012 7:13am
Quoting nanningbob
Your welcome so far very slow day, hope it picks up some in the USA session
Sort of like watching paint dry.
  • #2,627
  • May 29, 2012 7:26am May 29, 2012 7:26am
Out of GBPUSD with my 2nd position for 40 pips near the last swing low. My TP for the 2nd position was originally 50 pips
Riding the order flow
  • #2,628
  • May 29, 2012 7:50am May 29, 2012 7:50am
Quoting nanningbob
Yeah, the final version is basically the same as the test version but has some neat bells and whistles. What you are using is basically the same that I am using. Some of the things we are working on is making the indis use less computer usage, putting all the EAs into one ea. You drag the one EA onto the screen and check which one you want to use, lot size, magic number. So we will only have one EA instead of six like now. A strength indicator based on slope and some kind of dashboard. We are running into some snags on some of these. However, everything...
My wife is also a teacher, but she was a holiday next month.Hee hee!
  • #2,629
  • Edited 8:57am May 29, 2012 8:07am | Edited 8:57am
Hi,

First, thanks to Bob and all who worked on this system. Great system indeed!

If anyone knows the solution to the issue below, please share.

It seems that the weekly histograms do not align as they should, only for the week.

eg. the weekly open price histogram shows previous weeks' bars compared to this weeks' open price (that's why they are all red). The other histogram shows similar symptoms.

I use Alpari, MT4 Build 409. The original and the new indicators (posted by Bob few pages back) do the same thing.

Thank you,
Rewand
Attached Image (click to enlarge)
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functionaltrader.com
  • #2,630
  • May 29, 2012 8:58am May 29, 2012 8:58am
Quoting rewand
Hi,

First, thanks to Bob and all who worked on this system. Great system indeed!

If anyone knows the solution to the issue below, please share.

It seems that the weekly histograms do not align as they should, only for the week.

eg. the weekly open price histogram shows previous weeks' bars compared to this weeks' open price (that's why they are all red). The other histogram shows similar symptoms.

I use Alpari, MT4 Build 409. The original and the new indicators (posted by Bob few pages back) do the same thing.

Thank you,
Rewand

Try these modified histograms at Steve's forum. You will have to sign up before you can download them, but that only takes a few minutes.

http://www.stevehopwoodforex.com/php...p=13486#p13486
  • #2,631
  • May 29, 2012 9:10am May 29, 2012 9:10am
Quoting geoffm
Try these modified histograms at Steve's forum. You will have to sign up before you can download them, but that only takes a few minutes.

http://www.stevehopwoodforex.com/php...p=13486#p13486
What is the difference between the two?

NNBob please confirm is this is what we should be using.

Thanks
  • #2,632
  • May 29, 2012 9:18am May 29, 2012 9:18am
Quoting forexripper
What is the difference between the two?

NNBob please confirm is this is what we should be using.

Thanks

No you shouldn't be using these at all, the official ones are still the ones in post 1.

It is just that rewand asked for a solution to the particular problem of brokers without Sunday candles not paining the historical part of the histogram correctly. The indicators pointed to are an unofficial solution to that specific problem, but they are not the official indicators.
  • #2,633
  • May 29, 2012 9:22am May 29, 2012 9:22am
Quoting geoffm
No you shouldn't be using these at all, the official ones are still the ones in post 1.

It is just that rewand asked for a solution to the particular problem of brokers without Sunday candles not paining the historical part of the histogram correctly. The indicators pointed to are an unofficial solution to that specific problem, but they are not the official indicators.
Thanks but my criminal is GMT+3 and looking at the unofficial version it seems like it shows correct trend now. Is it because this one also repaints?
Why do you say should not be using it? Pls help.
  • #2,634
  • May 29, 2012 9:34am May 29, 2012 9:34am
Quoting forexripper
Thanks but my criminal is GMT+3 and looking at the unofficial version it seems like it shows correct trend now. Is it because this one also repaints?
Why do you say should not be using it? Pls help.
The one Gary amended in Steve's forum works fine and is the only one I know of that will work with non-GMT brokers (ie. it works with GMT+1,+2, +3 or +x brokers) - it works fine with GMT brokers too but if you have a GMT broker then you may as well use the official one.
  • #2,635
  • May 29, 2012 9:36am May 29, 2012 9:36am
Quoting spotdespot
The one Gary amended in Steve's forum works fine and is the only one I know of that will work with non-GMT brokers (ie. it works with GMT+1,+2, +3 or +x brokers) - it works fine with GMT brokers too but if you have a GMT broker then you may as well use the official one.

Thanks for confirmation. I am now using Gary's version of OWH 2x1 and 1x1 as I am GMT+3
  • #2,636
  • May 29, 2012 9:41am May 29, 2012 9:41am
Quoting forexripper
Thanks but my criminal is GMT+3 and looking at the unofficial version it seems like it shows correct trend now. Is it because this one also repaints?
Why do you say should not be using it? Pls help.
No it is not a repainting issue, it is to do with the way that the indicator determines the start of the week. The original indicator tested for a Sunday bar, whereas this one checks for the first day in the week. My explanations tend to complicate matters rather than enlighten, so see the pointed to post for a full explanation.

I only said you should not be using this in the sense that it is not the official indicator at the moment. If it works for you, then it is up to you if you want to use it or not.
  • #2,637
  • May 29, 2012 9:47am May 29, 2012 9:47am
Many thanks! For the explanation, too!
functionaltrader.com
  • #2,638
  • May 29, 2012 10:48am May 29, 2012 10:48am
Bob

Did you have your sell order at 1.2490. If so, you have been hit!
  • #2,639
  • May 29, 2012 5:35pm May 29, 2012 5:35pm
Well that was a dud day. My biggest profit was 33 pips on a eur/cad move only 75 pips for the day. Yes I got that 3 pip profit on the eur/usd LOL

Looks like the AUD and NZD runs maybe over. AUD/CHF has actually swung to a buy bias. I still am going to see if aud/usd and aud/jpy have one last sell in them. Daily charts are still greater than -4. Market is definitely consolidating after some nice runs and most charts are now showing mixed signals.

Some Euros and some GBP broke their previous swing lows but didnt go anywhere.

I will not try to take any trades during the JPY session. Will see what things look like at the eur session. Aud/chf and Nzd/chf are showing lots of life but ..................... I dont know if I want to jump on yet. Other CHF pairs are not going anywhere and neither are other aud and nzd pairs so dont know what to think. Gonna sit on my hands for now.
  • #2,640
  • May 29, 2012 5:47pm May 29, 2012 5:47pm
Quoting nanningbob
Well that was a dud day. ..... profit on the eur/usd LOL
Hi nanningbob,

Could you tell me how many pairs do you open simultaneously on your Metatrader, and how could you follow them to check if there's an entry or not? Do you switch screen from one pair to another frequently ?
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