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Nb 10.0 trend trading system

  • #2,981
  • Jun 19, 2012 10:27pm Jun 19, 2012 10:27pm
Quoting Blaiserboy
Sorta too bad all these indicators are being added to the system. As you will find, they do not add anything to the system and instead detract from what has proven to be a very profitable approach to forex trading and a great thread.
I think Bob understands how an experience traders might adapt to his system. He even early on stated that as one of his goals was to define trend range and counter-trend in a way that could be adapted to ones own system. You might say that this is what I have done. I have somethings I am not willing to give up in my own trading. However, I have made Bob System the very core of how I trade. His contributions to my trading are more than considerable.

I agree that Nothing needs added to his system and it is very profitable for a new trader to master Bobs techniques and strategy. And I originally posted the indicator for Bob to see because I think it is complimentary on the lower time periods. However a new trader has enough to do to just learning Bobs system. Read, study trade and repeat. You know like the shampoo bottle. Till your successful. There will come a time for new knowledge. I cannot think of a better system to master as is.

Experienced and profitable traders will understand what I am saying here is to them and they are well equipped to decide if it has any value.
  • #2,982
  • Jun 19, 2012 11:25pm Jun 19, 2012 11:25pm
Here you go Jemook.

Be advised that a projection gets hit or not hit based a lot on the pair and strength of trend with that said I love these trend lines. After all trend lines are just a tool and can be used in any system. In that sense they are just part of my tool box.
Attached File(s)
File Type: mq4 DeMark Trendline Trader.mq4   22 KB | 449 downloads
  • #2,983
  • Jun 20, 2012 12:48am Jun 20, 2012 12:48am
Quoting slowkey
I think Bob understands how an experience traders might adapt to his system. He even early on stated that as one of his goals was to define trend range and counter-trend in a way that could be adapted to ones own system. You might say that this is what I have done. I have somethings I am not willing to give up in my own trading. However, I have made Bob System the very core of how I trade. His contributions to my trading are more than considerable.

I agree that Nothing needs added to his system and it is very profitable for a new trader to master...
I just want to say that I have tried very hard to keep my system simple basic and easily understood, especially for less experienced traders. I tried to get too complicated with 10.0 and that was a mistake on my part. 10.2 was designed to make up for that mistake. KISS system. Having said that my system is easily adaptable to work alongside other systems. In other words there are things that work for other traders and they know the ins and outs of another indicator. Added with mine it probably makes it even more dynamic. I dont show how I use parts of my previous systems in certain situations because I dont want to confuse the heck out of other people but I will on occasions use some of my EAs from the past. So adapting is part of the design of the system. I would caution other traders that I dont have a problem with you showing how you trade and set ups and why but I would prefer you teaching how it fits within the base system. That way traders can gain from your experience without relying on the new hot indicator of the week.

For example I am not a FIB guy but alot of traders are successful with it. I dont think I have ever argued against or ever stated why I dont use them but they are free to talk about it here. I know some traders have replace my S/R levels with Fib lines. I believe the system will still work very well using FIB lines over S/R pivot lines. I however, was taught pivot lines very early so I am very comfortable with them.

I was taught Demark trendlines also but I found them hard to use with an EA. MA lines are easy to code and use as trendlines but the MA lines I use are meant to imitate Demark lines and I try to use the ones that are closest to them. That is why there are three MA lines depending on the angle of price action. I use the one that best fits the DeMark line. I dont make a big deal about it but that is why they are there. So I dont mind at all a person talking about DeMark or trendlines because that is what the MA lines are there for. So Yes I like experienced traders teaching.

Right now in my life I have just gone through a very difficult ordeal and just want to Vegetate for a while. I am doing some trading but I really appreciate the experienced traders kind of doing the talking for me. I just am not in the mood to do so. I am looking forward to my vacation and just getting away from everything. So I just thought I would write all of this just in case some of you thought I might be disappearing. I am for a short time. Listen to the good traders, they are worth listening too and sharing their experiences is what I would like. Just make sure when you explain things you try to keep it within the system so the newer guys can catch on. I want you to know I appreciate not having to do daily commentary right now.
  • #2,984
  • Jun 20, 2012 1:17am Jun 20, 2012 1:17am
Quoting mchlpetrikov
Hi
Please, what are the indicator arrows?
Thanks
Michaela
That's the NB Meter_Signals indi, from Bob's earlier 4H system created by Swingman. Actually I have one problem with it. I still like it but do not use it due to fact that price is either at the high or low of the screen when it shows up and therefore it is usually out of the screen. By the time I notice it its meaning is gone. There is a lines to show instead of arrows option but that covers the candles that is equally disturbing. The code can not be edited. If anyone can make make the arrow's position flexible or put it under the candles (when price is at the top of the screen), it would make this indi more comfortable to use.

Others: the dots issue for the daily S&R indi has been solved by NeoTrader few posts ago. Looks really great now. I post a picture on how it looks like.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 49 KB
functionaltrader.com
  • #2,985
  • Jun 20, 2012 1:57am Jun 20, 2012 1:57am
Quoting nanningbob
Right now in my life I have just gone through a very difficult ordeal and just want to Vegetate for a while. I am doing some trading but I really appreciate the experienced traders kind of doing the talking for me. I just am not in the mood to do so. I am looking forward to my vacation and just getting away from everything. So I just thought I would write all of this just in case some of you thought I might be disappearing. I am for a short time. Listen to the good traders, they are worth listening too and sharing their experiences is what I would...
Thanks for all the sharing. I hope you will be alright. I am sure some of us including myself will be with you prayer.
Riding the order flow
  • #2,986
  • Jun 20, 2012 2:00am Jun 20, 2012 2:00am
Quoting nonlinear
Bin, As you noted not all pairs will move the same in a trend. If one is willing to risk 6% on all open trades, for example, then trading six different closely correlated pairs at 1% per trade might make sense, or 2% per trade on three highly uncorrelated pairs, or perhaps .5% on a mix of 12 correlated and uncorrelated. Bob hit on a good entry, but the exit, pair selection, and money management are key.
I agree with the need to trade multiple pairs. But for correlated pairs I will be limiting my risk %. Say 4 pairs are correlated and giving signals simultaneously. I will make sure the total risk for the 4 pairs is less than 2% for example.

Frankly I haven't done enough backtest with this system to determine what will be my max open risk but for now I won't let my total risk be more than 4% at any time.
Riding the order flow
  • #2,987
  • Jun 20, 2012 2:51am Jun 20, 2012 2:51am
Quoting nanningbob
I just want to say that I have tried very hard to keep my system simple basic and easily understood, especially for less experienced traders...
Have a good rest Bob, well deserved. I believe that trading well and not posting well is the point here (I do post on very few occasions). The system is complete and it is a well-defined framework for trading, all the rest, additions etc. is up to the individuals. Trading takes a lot of time, so education has really been a sacrifice from you. I do thank you for your work and offer my assistance if you feel any work shared would progress faster compared to when it is done by one single individual.
functionaltrader.com
  • #2,988
  • Jun 20, 2012 2:55am Jun 20, 2012 2:55am
"Right now in my life I have just gone through a very difficult ordeal and just want to Vegetate for a while. I am doing some trading but I really appreciate the experienced traders kind of doing the talking for me. I just am not in the mood to do so. I am looking forward to my vacation and just getting away from everything. So I just thought I would write all of this just in case some of you thought I might be disappearing. I am for a short time. Listen to the good traders, they are worth listening too and sharing their experiences is what I would like. Just make sure when you explain things you try to keep it within the system so the newer guys can catch on. I want you to know I appreciate not having to do daily commentary right now"

You have given of your self so much Bob ... God Bless
Time has a way of working things out .... My thoughts go with you ...
  • #2,989
  • Jun 20, 2012 4:03am Jun 20, 2012 4:03am
Anyone else watching the last 14 trading days decline of the USD-CAD to the Monthly Pivot, and the current assault of said Pivot that is now happening?

And on the 4H chart, price below the Weekly Open and currently ready to attack the Weekly Support.

Slope Indicator says Ranging on both NB charts, but these trades have to start somewhere, right?

It takes a lot for me to IGNORE you, but you can try.
  • #2,990
  • Edited 6:11am Jun 20, 2012 5:49am | Edited 6:11am
Quoting Bob
"Right now in my life I ..............................commentary right now"

..

Have a good vacation.. Take care and be chilled.
  • #2,991
  • Jun 20, 2012 5:52am Jun 20, 2012 5:52am
EU is practically flat. Everyone is waiting for FOMC data in 7 hrs. That will then set a trend direction going.

Keep an eye on GOLD too.
  • #2,992
  • Jun 20, 2012 6:35am Jun 20, 2012 6:35am
USDCHF and USDCAD: Short. Below MP, and WP.
  • #2,993
  • Jun 20, 2012 7:48am Jun 20, 2012 7:48am
Quoting Erebus
Anyone else watching the last 14 trading days decline of the USD-CAD to the Monthly Pivot, and the current assault of said Pivot that is now happening?

And on the 4H chart, price below the Weekly Open and currently ready to attack the Weekly Support.

Slope Indicator says Ranging on both NB charts, but these trades have to start somewhere, right?



Looks a v.good call to me
  • #2,994
  • Jun 20, 2012 8:11am Jun 20, 2012 8:11am
Quoting Kelisa
USDCHF and USDCAD: Short. Below MP, and WP.
is there any reason for weakness in USD?
  • #2,995
  • Jun 20, 2012 8:14am Jun 20, 2012 8:14am
AUDJPY trade since monday hit my TP1 at R1. Moved the 1snd trade's stoploss to break even and entered a second pair of trades there. This week is turning out pretty well.
Riding the order flow
  • #2,996
  • Jun 20, 2012 8:15am Jun 20, 2012 8:15am
Quoting orionhan
is there any reason for weakness in USD?


I think it wants me to loose even more money
Vandag is die dag.....
  • #2,997
  • Jun 20, 2012 8:15am Jun 20, 2012 8:15am
Quoting Binyamin
AUDJPY trade since monday hit my TP1 at R1. Moved the 1snd trade's stoploss to break even and entered a second pair of trades there. This week is turning out pretty well.
you mean R2?
  • #2,998
  • Jun 20, 2012 8:23am Jun 20, 2012 8:23am
Quoting cmeade2
you mean R2?
No R1 at 80.67.

and it is taking off, for now. I have set another pair of buy limit at R2.

I am still in NZDUSD, AUDUSD and NZDJPY trade since monday. I am pretty tempted to exit now......
Riding the order flow
  • #2,999
  • Jun 20, 2012 8:29am Jun 20, 2012 8:29am
Quoting Binyamin
No R1 at 80.67.

and it is taking off, for now. I have set another pair of buy limit at R2.
On my chart the R2 is at 80.64
the R1 is at 79.98
and the WP is 79.02
  • #3,000
  • Jun 20, 2012 8:48am Jun 20, 2012 8:48am
Quoting cmeade2
On my chart the R2 is at 80.64
the R1 is at 79.98
and the WP is 79.02
Each broker will have different values. I am using IBFX US feed.
Riding the order flow
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