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Attachments: Nb 10.0 trend trading system
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Nb 10.0 trend trading system

Another thing to keep in mind is that there will be unavoidable instances where this system will signal a losing trade, i.e., daily price moves enough in favor with the weekly open, cross the pivot and the MA, and pushes slope over/below +0.4/-0.4, but then quickly pulls back for a loss. This looks to be the losing trade with this system that cannot be avoided. Various confirmation/validation filters could keep one out of these trades, but likely at the expense of either missing other profitable trades or decreasing overall return. I am curious what others think.

I closed losing trades on CADJPY and EURJPY last night. Exposure per trade was minimal, but one can see how correlated pairs could make a dent in your account.

Without regard for fundamentals, I put a buy on the NZDUSD retrace today according to my daily chart.
Does anyone have thoughts on trading groups of uncorrelated pairs on NB10.2? The following two sets of pairs were chosen by trader101 (Julius) a few years ago to hedge each other. Not considering how each pair might trade in 10.2, these might make a good starting point at identifying pairs not to trade simultaneously.

1. AUDUSD
2. NZDJPY
3. GBPCHF
4. EURUSD
5. EURCHF
6. CHFJPY
7. USDJPY


1. USDCHF
2. EURGBP
3. NZDUSD
4. GBPUSD
5. EURJPY
6. AUDJPY
7. GBPJPY
Hi Erebus,
Thanks for your prompt response to my request for the levels to show vividly on the TMA Slope indi Histogram, yes your Illustration in your last post was exactly what I was refferencing, a special thanks to your good self once again.
I will try to make the Adjustments soon and let you know what I deduce from my actions.

Many thanks,

xrismak.
Quoting nonlinear
Without regard for fundamentals, I put a buy on the NZDUSD retrace today according to my daily chart.
I have been wondering about this one for the last 3 days now and I put a pending buy order in, but then reviewed the chart and decided I didn't want to be in it. Yes the slope on daily is .85, but on H4 and H1 it is both .00 and if you look on the daily I think the Monthly R1 is very strong resistance, also H4 is struggling to break the Weekly pivot. Now I'm very new to all of this, but to me it looks as though it might start heading towards the monthly pivot, either that or it breaks the weekly pivot, but I don't believe that will be a very big move.
Pursuit of happiness
Quoting nanningbob
This is an updated version of the histograms. This should solve the Sunday bar issue that some brokers who dont have them. 6.26 update.
ok thanks Bob

i think i miss some thing
my question is

i have alpari broker i change the indicator weekly open for v 6.2 ok

but my indicator weekly pivot s1 r1 5.9 is different of the interbank demo

please give me instuctions

thanks in advance
The only problem with moving to Steve's sight is there are lots of subsights which can confuse you. I wrote a post earlier that I am taking a break but I still monitor this sight. If you have questions I will try to answer them.
__________________
It says press any key to start .................. WHERE IS THE ANY KEY??????????

Hi Nanningbob,
Thanks for the current Update on the TMA Slope Indi, we are well aware (at Least I am) of your intention to take a break in your earlier post, and thank you very much for being considerate enough to look in on us your Babies from time to time and answer our questions if need be, we will try as much as possible to keep the thread alive and help each other thus educating ourselves on the Pros and Cons of the NB 10.2 system, it is a very well thought of concept which hopefully will benefit a lot of traders out here while you are away, I hope I am speaking also for and on behalf of all the regular Visitors and members of this thread.

Warm Regards,

xrismak
Quoting Poh
I have been wondering about this one for the last 3 days now and I put a pending buy order in, but then reviewed the chart and decided I didn't want to be in it. Yes the slope on daily is .85, but on H4 and H1 it is both .00 and if you look on the daily I think the Monthly R1 is very strong resistance, also H4 is struggling to break the Weekly pivot. Now I'm very new to all of this, but to me it looks as though it might start heading towards the monthly pivot, either that or it breaks the weekly pivot, but I don't believe that will be a very big...
I appreciate your hestitation. I took the trade because I am forward testing the daily system to see how it pans out. I generally do not like pyramiding or adding additional positions, but I am testing adding one additonal position when slope is over .8 and price retraces below the slowest of the three MA on the daily. This trade will almost always look like a loser on a lower time frame (i.e, against the lower time frame direction), but if the daily slope is strong and the weekly is in your favor, odds are (we hope) that price will eventually follow the trend unless it is ending due to some strong fundamental. Right now, I will take a daily trade without regard to the lower chart.
Wow EURCHF is really tight. Scalpers must be having a field day picking off small moves. Tempting....
Short EURGBP....
Quoting nanningbob
The only problem with moving to Steve's sight is there are lots of subsights which can confuse you. I wrote a post earlier that I am taking a break but I still monitor this sight. If you have questions I will try to answer them.
This was posted at the other place; I am wondering about the answer also; maybe get a better / quicker reply here, thanks, E.

Hey Bob,

Been following your methods on FF for some time, on & off as many of us do. Getting back into it now; make it quick - got a question about the 5 MA's -

Exactly what are the settings for the Shifted MA's in MT4 - For MA Method the choices are Simple, Exponential, Smoothed & Linear Weighted and for Apply to there are even more choices - Open, Close, High, Low, Median & Typical.

I ask because I was using one of the EA's to enter and seems like it may not be programmed to the same MA settings as the MA's themselves, got me in way early. I have been looking at the code but can't really figure it all out.

Sorry if not the right place to ask this. Most of my research points to a setting of Smoothed & Open; can anyone confirm this?

If you trade like me, you'll be homeless and broke within a week.
TEXAS-2-STEP All Time Return: 17.4%
Quoting xrismak
It says press any key to start .................. WHERE IS THE ANY KEY??????????
Ah! I love that : Press any key to start - or any other key to stop.
Please where do i copy the EA files to i tried copying it into this directory Crogram FilesFxPro - MetaTrader 4expertsindicators and it not working am sorry for being dump i need help with the installing of the EA and the Scripts thanks
Quoting zawad4u
Please where do i copy the EA files to i tried copying it into this directory Crogram FilesFxPro - MetaTrader 4expertsindicators and it not working am sorry for being dump i need help with the installing of the EA and the Scripts thanks
you are not dumb, just lazy. if you typed your question into google you would have your answer.

try this: "how to install ea into mt4". welcome to the internet.
Quoting Jemook
you are not dumb, just lazy. if you typed your question into google you would have your answer.

try this: "how to install ea into mt4". welcome to the internet.
I hate to say it but unless you are prepared to do your own research and do the time you have no chance - check Jemook's dedication/complex reasoning to this thread and SH's and you'll realise the dedication required just to make a start/BE in this business. Good Luck. :nerd:
It is better to die on your feet than to live on your knees. Zapata.
Quoting Erebus
This was posted at the other place; I am wondering about the answer also; maybe get a better / quicker reply here, thanks, E.

Hey Bob,

Been following your methods on FF for some time, on & off as many of us do. Getting back into it now; make it quick - got a question about the 5 MA's -

Exactly what are the settings for the Shifted MA's in MT4 - For MA Method the choices are Simple, Exponential, Smoothed & Linear Weighted and for Apply to there are even more choices - Open, Close, High, Low, Median & Typical.

I ask because I was using...
The EAs should be:

Var1 = iMA(NULL, 0, 5, 1, MODE_LWMA, PRICE_OPEN, 0);
NULL= any pair
0 = any time frame
5= moving average
1= shift the line 1 time period forward
the 5.3 is shifted 3 periods forward
the 5.5 is shifted 5 periods forward
LWMA= Linear Weighted MA which puts the most emphasis on the newest move of price action so it reacts to price the quickest of the 4 you can choose from
Price_Open= The MA is based on the average of the last 5 open bars
0= looking back, which is not used in this method

So your line on the screen should be when price hits or crosses the 5MA shifted 1 LWMA it should enter.

When buy it uses the ask price, when selling it uses the bid price.
Quoting jucaorma
ok thanks Bob

i think i miss some thing
my question is

i have alpari broker i change the indicator weekly open for v 6.2 ok

but my indicator weekly pivot s1 r1 5.9 is different of the interbank demo

please give me instuctions

thanks in advance
The problem with cross broker problems is I dont fully understand your problem because I developed these to work with IBFX. I understand that other brokers have different open, close times for during the week and even for candles so that is where the confusion comes in. I know guys have done work arounds in Steve's thread for such things but I my self would have to download your company's demo load all the indicators and then see where the problem lies. Now you multiply that by all the different brokers and you can see the many problems I would face. See if you can find a fellow trader who has done the work around for your broker to solve the problem.
Quoting zawad4u
Please where do i copy the EA files to i tried copying it into this directory Crogram FilesFxPro - MetaTrader 4expertsindicators and it not working am sorry for being dump i need help with the installing of the EA and the Scripts thanks
Do not put the EAs in the indicators folder but just the experts folder. You went 1 folder too far for the EAs. Feel free to ask again if this doesnt help or you dont understand.
Quoting nanningbob
The EAs should be:

Var1 = iMA(NULL, 0, 5, 1, MODE_LWMA, PRICE_OPEN, 0);
NULL= any pair
0 = any time frame
5= moving average
1= shift the line 1 time period forward
the 5.3 is shifted 3 periods forward
the 5.5 is shifted 5 periods forward
LWMA= Linear Weighted MA which puts the most emphasis on the newest move of price action so it reacts to price the quickest of the 4 you can choose from
Price_Open= The MA is based on the average of the last 5 open bars
0= looking back, which is not used in this method

So your line on the screen...
Fantastic BOB, thanks so much, way more information than I asked for or expected, just using the Shift 1 MA for entries now.

So I could go in and change the "0" to H4 if I wanted the EA to trade only on the cross of the 5 MA on the 4H chart?

It happened that I had it on the 4H, I changed to the Daily and triggered a trade, oops!

I would compile it and save with different name of course.

Regards, E.

If you trade like me, you'll be homeless and broke within a week.
TEXAS-2-STEP All Time Return: 17.4%
Quoting Erebus
Fantastic BOB, thanks so much, way more information than I asked for or expected, just using the Shift 1 MA for entries now.

So I could go in and change the "0" to H4 if I wanted the EA to trade only on the cross of the 5 MA on the 4H chart?

It happened that I had it on the 4H, I changed to the Daily and triggered a trade, oops!

I would compile it and save with different name of course.

Regards, E.

Yes if you change the 0 to the 4H TF. Then you can change charts and it will still only trade the 4H TF.
Quoting nanningbob
Yes if you change the 0 to the 4H TF. Then you can change charts and it will still only trade the 4H TF.
Actually, it gives me Error "Variable not defined" so I guess it needs programming skills beyond my basic ability to change a few colors here & there!
If you trade like me, you'll be homeless and broke within a week.
TEXAS-2-STEP All Time Return: 17.4%
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