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Nb 10.0 trend trading system

  • #2,741
  • Jun 2, 2012 9:20am Jun 2, 2012 9:20am
Quoting cmeade2
Why is it 5.22 and not 10.22?
10.2 is the system and 5.22 is the latest date update. 5.22 = May 22. This allows us to know when was the last date the indicator, EA, etc. was updated. Everyone then knows whether or not they have the latest update.
  • #2,742
  • Jun 2, 2012 9:27am Jun 2, 2012 9:27am
Quoting pt49
Only got up to this page so far, but am replying to this in case I miss further along that you solved this.

I use brokers charts with NY close because they give 5 true daily candles.

A broker using London close will display a small Sunday candle, which is not logical, because the market only trades Forex for 5 complete days.

As for lower timeframes, where a broker's server is located will affect the 4 hour charts but will not affect any other of the timeframes lower than daily (in Metatrader).
The bottom line is I cannot make an indicator that will do the same thing with all brokers and MT4 systems. We tried working with a Friday close but that didnt help us traders who had Sunday candles. In other words if I have some indicators that work off of a Friday close and some work on a Sunday open and some work on the Monday market open and people and brokers around the world are starting and ending at different times and their candles start at different times. ....................... I went back to the original system as designed at IBFX USA. If your broker is different then you will need to adjust somehow, but that is how its been working anyway for you before this.
Still the basics dont change. Angle up buy angle down sell. Use your S/R/Pivot lines or MA lines to enter and exit. That will work no matter what broker you use or time of candle. It will just look different than mine thats all.
  • #2,743
  • Jun 2, 2012 9:29am Jun 2, 2012 9:29am
thank you so much for sharing your exp
  • #2,744
  • Jun 2, 2012 9:44am Jun 2, 2012 9:44am
Quoting fxaus
thank you so much for sharing your exp
You are welcome.
  • #2,745
  • Jun 2, 2012 11:13am Jun 2, 2012 11:13am
What to look for starting Monday is your new monthly pivot line. Here is the nzd/chf and its new monthly pivot line (black#2) compared with the old monthly pivot (red#1). price which had been below the line last month (yellow area) is now right there at the line. If price breaks this line then we stay will sell(grey area), HOWEVER if price bounces here and starts going up we will also go with the new UT (green area). Also compare with the new weekly line when it comes out on Monday. This will be the key to your new trading week and month.
We will know very quickly if nzd/chf will continue into its DT or is this an UT change. This is what you will be looking for this trading week. You also see the slope is non commital. So which way will it go............ which way will it go?? Follow your crossing across the pivot lines both weekly and monthly. It will tell you the story. Then the slope will tell you how strong so you will know how long to stay in.
Attached Image (click to enlarge)
Click to Enlarge Name: nzd chf monthly.gif Size: 41 KB
  • #2,746
  • Jun 2, 2012 5:25pm Jun 2, 2012 5:25pm
A test version of a dashboard has been posted here: http://www.stevehopwoodforex.com/php...2d73343f5dada6 Go ahead and take a look and see if you like it.
  • #2,747
  • Jun 2, 2012 8:42pm Jun 2, 2012 8:42pm
If you are smart you will keep a sell on the eur/chf below the 1.20 mark. It is just a matter of time.

Switzerland actually sold outright this week bonds that have a negative coupon. Again, not a sign of deflation but another call option, betting that the Swiss Central Bank will have to give up on its peg to the euro. That peg has got to be one of the biggest losing trades in central banking history, and the Swiss seem determined to lose even more money. If the euro goes to $1.15 or lower, that trade becomes an even more massive loser. At what point in the next year will the Swiss Central Bank decide it has endured all the pleasure it can stand in fighting the fall of the euro? If they abandoned the peg, the move in the Swissie (as traders call the Swiss franc) would be large and almost instantaneous. And the reward for investors outside of Switzerland buying Swiss bonds with a negative yield will be large.
  • #2,748
  • Jun 2, 2012 9:10pm Jun 2, 2012 9:10pm
Quoting nanningbob
If you are smart you will keep a sell on the eur/chf below the 1.20 mark. It is just a matter of time.
Very interesting comment Bob. A number of services currently have the pair at a "buy" because it is at the floor and their idea is it can only go up....like the spike last week.

But a standing sell at 1.1990 might be a good idea.
  • #2,749
  • Jun 2, 2012 9:15pm Jun 2, 2012 9:15pm
Here's a little something you might find useful. I see someone else ended up doing the dashboard. This is a TMA Strength dashboard. If people find it useful, I'll have to prepare the source. It's currently pulling in source from a bunch of my library routines and I'll have to massage it a bit to turn it into a one-source file.

Attached Image (click to enlarge)
Click to Enlarge Name: strength.jpg Size: 95 KB


Quick rundown:

- 'Headers' allows you to name the columns
- 'Periods' allows you to specify the period for each column (space separated)
- For a period, you can also build you own unique currency index by specifying a list of period separated by plus signs (see the example)
- Obviously using the TMA slope for each period
- You can tell is which column to sort by (zero's index)
- If ShowPairs is true, it will display which pairs the currency strength was build from
- RefreshSeconds so it doesn't bog down the CPU (WHOOPS, made it a boolean instead of an integer). Have to fix that on Monday - it will still work, though
- The Esthetics are pretty self explanatory.

Enjoy....
Attached File(s)
File Type: ex4 TMA_Strength.ex4   24 KB | 463 downloads
  • #2,750
  • Jun 2, 2012 9:18pm Jun 2, 2012 9:18pm
Crap! Forgot one more thing - you have to put this file in the experts/files directory and is a list of all the pairs.
Attached File(s)
File Type: csv HB_Pairs.csv   < 1 KB | 367 downloads
  • #2,751
  • Jun 2, 2012 9:25pm Jun 2, 2012 9:25pm
Quoting cmeade2
Very interesting comment Bob. A number of services currently have the pair at a "buy" because it is at the floor and their idea is it can only go up....like the spike last week.

But a standing sell at 1.1990 might be a good idea.
1.1900 would be better
  • #2,752
  • Jun 3, 2012 3:25am Jun 3, 2012 3:25am
Hi NB,
Thanks for your continuous efforts and brilliant system, you are a truly gifted teacher with the patience of a saint.
Will you ever adapt your system for us itchy finger types to use on ltf's like 5m, or is it readily applicable.
Thank you again.
Vandag is die dag.....
  • #2,753
  • Jun 3, 2012 3:29am Jun 3, 2012 3:29am
Quoting Leokira
Hi NB,
Thanks for your continuous efforts and brilliant system, you are a truly gifted teacher with the patience of a saint.
Will you ever adapt your system for us itchy finger types to use on ltf's like 5m, or is it readily applicable.
Thank you again.
I'm also wondering if we can use the system on 5M Chart for example and also to other markets.

So have anyone tried to use 10.2 on indices like FDAX, ES, YM?
  • #2,754
  • Jun 3, 2012 4:32am Jun 3, 2012 4:32am
Quoting roger-write
Here's a little something you might find useful. I see someone else ended up doing the dashboard. This is a TMA Strength dashboard. If people find it useful, I'll have to prepare the source. It's currently pulling in source from a bunch of my library routines and I'll have to massage it a bit to turn it into a one-source file.

Attachment

Quick rundown:

- 'Headers' allows you to name the columns
- 'Periods' allows you to specify the period for each column (space separated)
- For a period, you can also build you own unique currency...
Thanks for the effort you've put into this!

The strength indi in post #2683 that shows the relative strength of ea. pair in a single TF (daily) is similar.

Could an indi be developed that combines your multi TF with the format of #2683 (strength of ea. pair and cumulative strength at top of column) on the same page?

In other words, it looks like the indi in post #2683 has room below it to put a couple of other TF's in the same format.
The mind thinks, the heart knows...
  • #2,755
  • Jun 3, 2012 5:32am Jun 3, 2012 5:32am
Quoting Leokira
Hi NB,
Thanks for your continuous efforts and brilliant system, you are a truly gifted teacher with the patience of a saint.
Will you ever adapt your system for us itchy finger types to use on ltf's like 5m, or is it readily applicable.
Thank you again.
The reads would not change. If you see sell on the daily charts you just go to 5M and find a good place to sell. I have not designed a 5M system but I would imagine any MA cross or BB type would work. Once you get direction and strength right the rest is just finding a good place to enter. This is called "Top Down Trading" You study the higher end charts to determine what you should do on a lower end chart. Just a matter of finding something you like to work with. Good luck.
  • #2,756
  • Jun 3, 2012 5:50am Jun 3, 2012 5:50am
@roger-write: how to read the results in your dashboard ? ... for instance I see some pairs are twice in the dashboard, that means they are in different strenghs at one time ? example: GBPJPY - week or strong ?
  • #2,757
  • Edited 6:58am Jun 3, 2012 6:33am | Edited 6:58am
Quoting DerBerliner
@roger-write: how to read the results in your dashboard ? ... for instance I see some pairs are twice in the dashboard, that means they are in different strenghs at one time ? example: GBPJPY - week or strong ?
Sorry, I was in a hurry when I posted it (as you can tell from all the typos).

The intent was this: for some time I wanted something that could show me the strength/weakness of a given individual currency, based of correlated information. In the past I had tried various MA's, etc. But as I read through this thread and really took the time to understand NB10.2, it quickly became obvious that the TMA slope was exactly the right tool for this.

So....the Indi basically goes through all the pairs for a given individual currency and averages the TMA slope for that time frame. So for example, when calculating the strength of the USD for H1, it visits each pair that contains USD and accumulates the TMA slope values. If USD is on the left, it adds the slope, whereas if it's on the right (like EURUSD) then it subtracts the slope. Finally, it divides by the number of pairs it accumulated to gain the average. This will theoretically tell you how strong the USD is during that time frame.

The cool feature is that you can build you own custom currency index using the above methodology. For Example, for a column, you can say something like, 1440+240+240+60

What this means is it will use the strength from the daily, 2 X the H4 and the H1 to average and generate your own index (obviously this index gives more importance to the H4 strength).

The idea, in general here is to buy strength and sell weakness. When the list is sorted, look at the top and bottom of the list to find good candidate pairs. As an example, JPY is at the top and GBP is at the bottom. So GBPJPY might be a good pair to watch for any trend following strategy.

I have a theory that if you create a custom index like 60+15+15+5 and find short term strength and weakness, then filter through something like a stochastic it "might" be a usefull scalping too as well. In forex, you never know until to test it.
  • #2,758
  • Jun 3, 2012 6:37am Jun 3, 2012 6:37am
Quoting Ever E. Man
Thanks for the effort you've put into this!

The strength indi in post #2683 that shows the relative strength of ea. pair in a single TF (daily) is similar.

Could an indi be developed that combines your multi TF with the format of #2683 (strength of ea. pair and cumulative strength at top of column) on the same page?

In other words, it looks like the indi in post #2683 has room below it to put a couple of other TF's in the same format.
Yes, it looks like this indi is similar to the right side of the one posted on 2683, but the adds the ability to choose your timeframes. But obviously this one doesn't show the TMA values for each pair like the other one.
  • #2,759
  • Jun 3, 2012 7:49am Jun 3, 2012 7:49am
Quoting nanningbob
1.1900 would be better
Notably the Oanda order book shows a lot of orders in a range below 1.20
  • #2,760
  • Edited 10:40am Jun 3, 2012 10:25am | Edited 10:40am
The backtest was conducted from the beginning of 2012 to June 1st 2012.

I find it near impossible to keep an eye on 2 simulator, one running H4 and one running D1. So to tell the daily trend I used Scooby-Doo's method.(As seen on Steve Hopwood's forum) and ran the H4 chart with the simulator. (I hope it is not too much of a compromise...)

D1 RSI(20)>55 Up trend
D1 RSI(20)<45 Down trend

Test Rules

The rest is according to the rules in the manual. I enter buy when daily is in a UT, H4 slope is green AND either price cross pivot(S1,R1,S2... etc) OR cross the MA and close at the other end towards the trend.

SL is at the nearest pivot(S1,R1,S2... etc), TP1 is at the nearest pivot, TP2 is when the H4 slope is not green, between 0.4 and -0.4. When TP1 hits I move SL to break even that is why you see 0 values in TP2.

The results is presented in RR form which is profit divide by initial risk. The plot is the results in RR assuming 1% risk per trade. So the final result 5.01 means that if you took all the trade with a risk of 1% for every trade you will get 5.01% within the test period.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD TEST.jpg Size: 93 KB
Riding the order flow
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