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Nanningbob 4h trading system ver. 5.0

  • #4,381
  • Apr 28, 2012 8:39pm Apr 28, 2012 8:39pm
Quoting nanningbob
HUH? What did he say? Anybody understand this one??
He has us baffled. It seems like google translate but his profile says he is here in the UK. Just visited his blog and definitely someone whose first language is not English (e.g. words like "teached").
Kind Regards
  • #4,382
  • Apr 29, 2012 11:01am Apr 29, 2012 11:01am
nanningbob
I did this with Photoshop but if you or anyone with skills could modify "SIXTHS SCREEN" something like this, it would be grateful.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.jpg Size: 130 KB
  • #4,383
  • Jun 21, 2012 5:57am Jun 21, 2012 5:57am
Hi

Ive just found this strategy and it looks like its been going for a while. Is it still profitable?

Also I saw on another thread that Bob had made an ea for it. Anyone have a link for that?

Thanks
  • #4,384
  • Sep 2, 2012 10:37am Sep 2, 2012 10:37am
Hello, I have downloaded Nanningbob 4H trading system and I have 2 questions:

1. The sixths indicator is canceled on last version of system? If yes, how to respect the rule:
"DON’T TRADE BETWEEN THE GREEN LINES"
2. Why NB 4H system has many templates like: 5.2 #1 sell, 5.2 #2 buy .etc
What template is best to use?

Sorry for my english.
Attached Image (click to enlarge)
Click to Enlarge Name: 1lap.gif Size: 34 KB
  • #4,385
  • Sep 4, 2012 4:03am Sep 4, 2012 4:03am
Quoting rony2006
Hello, I have downloaded Nanningbob 4H trading system and I have 2 questions:

1. The sixths indicator is canceled on last version of system? If yes, how to respect the rule:
"DON’T TRADE BETWEEN THE GREEN LINES"
2. Why NB 4H system has many templates like: 5.2 #1 sell, 5.2 #2 buy .etc
What template is best to use?

Sorry for my english.
There is a difference between a trend trading system and a counter trading system. 5.0 is a counter trading system in that you many times are trading retracements with in a trend. 10.0 system follows the trend so we dont use the 6th indicator in a trend trading system just a counter trading system.

You will have to read the booklets to know which EA to use but each one is used is different situations. It is like learning to use different golf clubs while golfing.
  • #4,386
  • Sep 22, 2012 7:14pm Sep 22, 2012 7:14pm
So. Umm. Anyway, this is somewhat a silly problem, nonetheless...

The platform that I used doesn't support MT4 Template, so I use MT4 to help determine signal before making decision. The problem is, this system using EA, which of course not available to the platform I used. Is there someway to make this more... manual? I mean, what does the EA seek to buy/sell stuff in the first place?

Also, do I need to adjust, since my preferred TM is Daily? As far as I can read, there doesn't seem any need, but... just want to make sure.
It is quite Zen, when you think about it.
  • #4,387
  • Sep 23, 2012 11:35pm Sep 23, 2012 11:35pm
Quoting WeepingMan
So. Umm. Anyway, this is somewhat a silly problem, nonetheless...

The platform that I used doesn't support MT4 Template, so I use MT4 to help determine signal before making decision. The problem is, this system using EA, which of course not available to the platform I used. Is there someway to make this more... manual? I mean, what does the EA seek to buy/sell stuff in the first place?

Also, do I need to adjust, since my preferred TM is Daily? As far as I can read, there doesn't seem any need, but... just want to make sure.
You can use pending orders where you want to buy or sell a trade. A little more work that way but it is doable. I use pending orders a lot in my trading now but that is because I use S/R levels more than I　did in the past.
  • #4,388
  • Sep 23, 2012 11:42pm Sep 23, 2012 11:42pm
Thanks for answering! For clarification, the order should be put somewhere near Gold band, right?
It is quite Zen, when you think about it.
  • #4,389
  • Sep 25, 2012 2:32am Sep 25, 2012 2:32am
Quoting WeepingMan
Thanks for answering! For clarification, the order should be put somewhere near Gold band, right?
Yes unless there is a strong fundamental acting on the currency pair price usually will retrace some where at that point.
  • #4,390
  • Sep 27, 2012 1:04am Sep 27, 2012 1:04am
Hmmm... About the biggest difference this system is it is quite newbie-friendly. I've never get loss, so far, though the pips I gained not much, either. I think I only get slightly lower than 100 this past days. Incidentally, what would be the best TP? Do I follow what the indicator state, or perhaps just stop at the band?
It is quite Zen, when you think about it.
  • #4,391
  • Sep 28, 2012 2:09am Sep 28, 2012 2:09am
Quoting WeepingMan
Hmmm... About the biggest difference this system is it is quite newbie-friendly. I've never get loss, so far, though the pips I gained not much, either. I think I only get slightly lower than 100 this past days. Incidentally, what would be the best TP? Do I follow what the indicator state, or perhaps just stop at the band?
I　found the best times to take profit are 1/2 way of euro and 1/2 way of USD sessions. If you want a trade to go longer then look for the weekly support and resistance lines.
  • #4,392
  • Oct 2, 2012 3:16pm Oct 2, 2012 3:16pm
Firstly, thanks to Nanningbob, and everyone else who contributed, for developing such a succinct and useful trading approach.

I've found the Support and Resistance indicator to be really useful, but I was hoping someone could tell me a little bit about it. Firstly, when do the support and resistance lines draw? Since it is based of fractals, does it draw after the close of the third bar? Secondly, does the indicator repaint? I mean are the lines constantly changing as price changes?

Thanks!
  • #4,393
  • Oct 3, 2012 9:24pm Oct 3, 2012 9:24pm
Quoting jman1012
Firstly, thanks to Nanningbob, and everyone else who contributed, for developing such a succinct and useful trading approach.

I've found the Support and Resistance indicator to be really useful, but I was hoping someone could tell me a little bit about it. Firstly, when do the support and resistance lines draw? Since it is based of fractals, does it draw after the close of the third bar? Secondly, does the indicator repaint? I mean are the lines constantly changing as price changes?

Thanks!
Well S/R lines are based on past points so once set they dont change. Once a new area is set then new lines are drawn. So price actions determines where the lines are drawn.
  • #4,394
  • Feb 9, 2013 7:22am Feb 9, 2013 7:22am
Sorry Bob but can you please upload an S/R indicator here. Thanks.
  • #4,395
  • Feb 9, 2013 9:59pm Feb 9, 2013 9:59pm
You won't find him here. Not much, he's in a different forum where people have more open minds
  • #4,396
  • Feb 12, 2013 8:58am Feb 12, 2013 8:58am
These are the ones I use the most.
Attached File(s)
File Type: mq4 10.4 WeeklyMidPivots.mq4   15 KB | 1,073 downloads
File Type: mq4 10.4 WeeklyPivots.mq4   15 KB | 1,096 downloads
  • #4,397
  • Feb 20, 2013 6:02pm Feb 20, 2013 6:02pm
Hi Nanningbob,
I like you work. Just trying to combine my 5/15min plays with longer TF
I liked your 10.2 system and if you could recommend the newest/best of your work.(before i go through this 5.0)
I am looking for 4h/d/w sys.

thanks
  • #4,398
  • Feb 23, 2013 1:52am Feb 23, 2013 1:52am
Quoting Eru
Hi Nanningbob,
I like you work. Just trying to combine my 5/15min plays with longer TF
I liked your 10.2 system and if you could recommend the newest/best of your work.(before i go through this 5.0)
I am looking for 4h/d/w sys.

thanks
My 10.4 system is my best and most complete work based on following long term trends knowing when they start and when they end. I doubt very much I will ever need to change from it. It finishes my quest to define the different terms in Forex into a practical system to trade. Money management, trends, what is a dip in UT and a rally in a DT, how to successfully renter the markets with multiple positions, stop losses positioning and making profitable low/no risk trades. etc.
  • #4,399
  • Feb 23, 2013 3:27am Feb 23, 2013 3:27am
Quoting nanningbob
My 10.4 system is my best and most complete work based on following long term trends knowing when they start and when they end. I doubt very much I will ever need to change from it. It finishes my quest to define the different terms in Forex into a practical system to trade. Money management, trends, what is a dip in UT and a rally in a DT, how to successfully renter the markets with multiple positions, stop losses positioning and making profitable low/no risk trades. etc.
Hi Bob, where can I find the 10.4 download links?

Thanks a lot for sharing.
  • #4,400
  • Feb 28, 2013 5:55am Feb 28, 2013 5:55am
Quoting nanningbob
My 10.4 system is my best and most complete work based on following long term trends knowing when they start and when they end. I doubt very much I will ever need to change from it. It finishes my quest to define the different terms in Forex into a practical system to trade. Money management, trends, what is a dip in UT and a rally in a DT, how to successfully renter the markets with multiple positions, stop losses positioning and making profitable low/no risk trades. etc.

hello nanningbob

first of all thanks for your great work.
where can i find download links for 10.4 system?

i just downloaded 10.2 and then found your post. whts the difference between 10.2 and 10.4?

many thanks
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