Nanningbob 10.2 auto-trading EA

[nanningbob]

I have completed the Trade Types and Management for Trend and Ranging NB10.2.

I extrapolated additional trade types for all ranging situations. Just a note, ranging trade entry is probably best on completed close as the bands widen on a tick by tick basis. Thus using the Waiting To Buy/Sell BB EA's are probably not suited since the logic is not built for candle close inside the band from a candle close beyond it.

Please see attached, let's review it here. If there are any questions or mistakes please let me know here first and then perhaps we can circulate wider.

Hope it helps.

Good job. I will have to go study my own system now.

[verb]

I have completed the Trade Types and Management for Trend and Ranging NB10.2.

I extrapolated additional trade types for all ranging situations. Just a note, ranging trade entry is probably best on completed close as the bands widen on a tick by tick basis. Thus using the Waiting To Buy/Sell BB EA's are probably not suited since the logic is not built for candle close inside the band from a candle close beyond it.

Please see attached, let's review it here. If there are any questions or mistakes please let me know here first and then perhaps we can circulate wider.

Hope it helps.

Updated to v1.4, found some typos:
V1.3
- Fixed typo in ranging short basic trade from “Price is below monthly pivot and below weekly pivot” to “Price is below monthly pivot and above weekly pivot“
V1.4
Fixed typo on Weekly Pivot Retrace, “Enter short ~5.0 pips above the Weekly Pivot” to “Enter short ~5.0 pips below the Weekly Pivot”

[NeoTrader]

@Verb

Thanks for all your efforts.

This is a great compilation and Summary of NB's System and will help that the EA and maybe a potential Dashboards stay at a common base.

It would be great if NB would comment on this CODEX so that we have one document to specify the rules of this system as far as they can be specified.

This is a real great community that you put here together steve and i love to be a part of it.
I hope to contribute more in the near future.

May the Pips be with you..

[Jemook]

Cheers Verb. Great work. I would like to create a flowchart for the different ways to trade the system. As soon as Nanningbob confirms that the codex is as his specifications I'll go for it. Looks good to me!

[spotdespot]

Hey verb - good work - thank you.

I am reasonably sure that there is a slight error in your logic though that applies to H4 trend trade "A trades" and H1 Trend Range Trade Types "A Trades". You have said that (for long bias):

- H4 Weekly Open Histogram 1x0 is < 0 orange-red
- H4 Weekly Open Histogram 2x0 is > 0 dark-green

In Bob's booklet - "Nanningbob 10.2 Update Weekly Open Indicator April 2012" he states under "Comparing the 2 histograms. Oh my!":

".....First when the green and blue match strong trend and good moves. Look to buy/sell into the trend"

On the next page he states:

"When the colors are opposites you look for 3 things.

1. Run is over.....
2. Reenter the run. These show up better on lower TF chart.
3. Price is ranging

Maybe you are considering #2 above when thinking of the main rule, being both "matching", go with the trend (essentially buying in a dip and vice versa)?

The same applies to the H1 "A trades" I think and also the reverse for shorts?

Cheers,
Dave.

[verb]

Hey verb - good work - thank you.

I am reasonably sure that there is a slight error in your logic though that applies to H4 trend trade "A trades" and H1 Trend Range Trade Types "A Trades". You have said that (for long bias):

- H4 Weekly Open Histogram 1x0 is < 0 orange-red
- H4 Weekly Open Histogram 2x0 is > 0 dark-green

In Bob's booklet - "Nanningbob 10.2 Update Weekly Open Indicator April 2012" he states under "Comparing the 2 histograms. Oh my!":

".....First when the green and blue match strong trend and good moves. Look to buy/sell into the trend"

On the next page he states:

"When the colors are opposites you look for 3 things.

1. Run is over.....
2. Reenter the run. These show up better on lower TF chart.
3. Price is ranging

Maybe you are considering #2 above when thinking of the main rule, being both "matching", go with the trend (essentially buying in a dip and vice versa)?

The same applies to the H1 "A trades" I think and also the reverse for shorts?

Cheers,
Dave.

I'm thinking of #2. Let me contemplate what you've pointed out and update tomorrow. I've banked over 300.0 pips on NB10.2 manual trading today and it's time for me to take a break.

Good input.

[faze]

Does the risk portion work for anyone? I can't seem to get it to work, it always defaults to the fixed lot value I set.(Cowboy IBFX .01)

[Panamamike]

I have had the bot running for two days without a trade. ECN is on etc, and no errors in the journal. I will set up another broker and see what happens. Meanwhile manually trading this system has been fantastic.

[spotdespot]

I have had the bot running for two days without a trade. ECN is on etc, and no errors in the journal. I will set up another criminal and see what happens. Meanwhile manually trading this system has been fantastic.

I am in exactly the same position - almost default settings and no trades. Cowboy IBFX au, ECN on, a few changes to trade management etc but no trades. Indi in place, trade panel appears fine, no errors in the journal or experts.... Probably something dumb but it has me stumped!

[michaelhryu]

I have had the bot running for two days without a trade. ECN is on etc, and no errors in the journal. I will set up another criminal and see what happens. Meanwhile manually trading this system has been fantastic.

I am in exactly the same position - almost default settings and no trades. Cowboy IBFX au, ECN on, a few changes to trade management etc but no trades. Indi in place, trade panel appears fine, no errors in the journal or experts.... Probably something dumb but it has me stumped!

I am with Cowboy IBFX US mini. Should ECN be ture or false? Any other adjustment necessary, Lot size. etc?