Ask Bob Forex Questions-no banning allowed

[nanningbob]

This is the three step process I am trading now. Used 4h charts with 30M CSS last week trying 1H chart with 30M CSS this week.

I am trying one hour HGI with CSS 30 minute. I take trades based on three decisions.
1. Is it market time for this pair? In other words JPY AUD NZD crosses during JPY session. In other words GBP/JPY not gbp/usd even if I get a gbp/usd signal during JPY session.
2. Getting multiple signals for a currency. In other words sell arrows came down on gbp/AUD, Eur/Aud, and buy AUD/JPY. This confirms its on the move.
3. And/or CSS signals cross in the same direction as HGI 1H arrows or blue wavy lines along with the 30M CSS. I change the CSS to 30 M during this time. A CSS cross on a lower TF from HGI in the same direction as the arrow either before or after is dynamite.

You see these signals an hour before or after a session start are very profitable. 2-4 hours into the session close out or you get yellow/blue wavy or a recross CSS close out. Only three days doing this but looks really good and consistent. Sometimes a session is kind of dead and no price action but when it moves, hundreds of pops pile up fast.

[nanningbob]

Signals that do not meet those steps are ignored and you do get a lot of signals. Only use big arrows and wavy lines. No rads or continuation arrows unless long term trading is your goal.

[johnhr]

Hi Bob I have been trading for many years and I have found your story and system to be very inspiring indeed ! Thankyou. Would it be feasible to trade from a big arrow on the Daily chart and then wait for a big arrow on the 4hour chart to form in the same direction to enter or am I missing something?

[nanningbob]

Thank you. You can use this with anything if it makes your trading comfortable and profitable. I would imagine the 4h arrow would come first before a daily arrow unless you are playing to re-enter the trend. I admire guys who can place a trade and let it play out for weeks or months at a time. I can't stand seeing a trade go up a hundred pips or so and then let it run. Can't keep my hands off that TP button.

[johnhr]

Thanks Bob much appreciated. I look to reenter trend on retracements and the 4 hour big arrows give me such an easier visual than looking for stop triggering wicks etc.., The CSS is so valuable though also.

[mrithuns]

Hi Bob,

Would you be recommending ignorefuture=true for both CSS & HGI.
It makes a difference in the Readings of the Slope, when future set to false.
Thanks

[martinplatt]

Hi Bob,

Trying to follow everything you do, and all the EAs that are out there and related.

Wanted to strip things back to the basics, and build up an EA myself, as I understand the steps. I'm from a coding background, so I really like to understand what is happening, before I start to use it.

I'm a little confused with page 31 of your guide relating to multi-level trades.

Especially the trigger for doing these - it seems from your diagram, that the trigger is to have seen a RAD arrow of the same colour before seeing a Big trend arrow? I'm wondering how that works - is the rad arrow something that just precedes a pullback before continuing in the same direction, and this is why you would do it, as it is normal an expect behaviour in the market? Am I understanding that right? So in essence the RAD arrow is indicating that there will be a swing-low point following it, after which it is expected to rally once again, and break that RAD level?

If there is an expected swing low, for example that can be seen where two green rad arrow are formed, would you then add to your position on the break of the arrow, or try to take it at the point where a bullish candle breaks the high of the previous bearish candle (hopefully signifying a swing low, and nice place to take an additional position?)

Next, your xxx.000 lines, in your example between points 2 and four, it appears that you have two of them that you continue to load up for. Is this range taken from the next xxx.000 above the high point of where the RAD arrow was seen?

I assume once you get to a xxx.000 point, you then stop until you get another large trend arrow do you, or can you still keep adding to your position when you see a rad arrow in the same direction, but that you wouldn't add to the position every 20 pips once you've reached the xxx.000 (presumably to protect the profits)?

And now for 240MA and 60MA...


In addition - the 240MA, and 60MA. I assume these are simple moving averages? I added them my H4 chart, and I can see a place where a large red trend arrow is drawn above the 240MA (see above), so this confuses me, as I thought it was supposed to be below. Am I missing something? Also, what is the 60MA for, is that the same, so if it is below both then it's strongly trending down, and above both is strongly trending up - I assume totally above the line and not touching it would indicate that? And in between those two is where it is ranging? So if it was to 'pop up' above the 240MA, we definitely shouldn't be doing anything until we see the large arrow? In that case, I would expect that to be formed on a swing-low above both MAs, is that right? And I'm guessing that you'd also be looking for a pattern, like an outside or inside bar or something of that nature to give the arrow strength and hence 'largeness'?

I mustn't have done this right, as there are also large RED arrows in between the two lines, where my understanding is, they'd be ranging. Interested to know how that should actually work. What I did was added a simple moving average 240 period, and same but a 60 period to my H4 chart. Please tell me what I should have done.

Loving this stuff, not because I have an indicator that I can blindly follow, but because appears to have many aspects of things that I have previously learnt - I like agreement amongst experts

I have trading waves currently switched off - because in the EA it doesn't look to do it terribly well, and clutters the screen a little, so I couldn't see if the basics of the trade trigger are working as expected.

I'm thinking I will next go for the ranging arrow trades, and see if I can see how they work.

I'll be back with more questions

Thanks so much for your help,

Martin.

[nanningbob]

Hi Bob,

Would you be recommending ignorefuture=true for both CSS & HGI.
It makes a difference in the Readings of the Slope, when future set to false.
Thanks

I use true. This freezes the lines at where they were when they were drawn. When changed to false previous lines will update and you can't study the past. In other words the averages that draw the lines will change for the past. Setting it to true freezes the lines to their position at that point in time. This allows you to backtest the system.

[nanningbob]

Hi Bob,

Trying to follow everything you do, and all the EAs that are out there and related.

Wanted to strip things back to the basics, and build up an EA myself, as I understand the steps. I'm from a coding background, so I really like to understand what is happening, before I start to use it.

I'm a little confused with page 31 of your guide relating to multi-level trades.

Especially the trigger for doing these - it seems from your diagram, that the trigger is to have seen a RAD arrow of the same colour before seeing a Big trend arrow? I'm wondering how that works - is the rad arrow something that just precedes a pullback before continuing in the same direction, and this is why you would do it, as it is normal an expect behaviour in the market? Am I understanding that right? So in essence the RAD arrow is indicating that there will be a swing-low point following it, after which it is expected to rally once again, and break that RAD level?

Rad arrows simply tell you that the CSS is saying there is enough strength in the move for it to continue in its trend direction. This helps you in deciding to keeping the trade and/or adding positions to the trade. When the move loses its strength then you get yellow wavy lines showing the move has exhausted itself for now.

If there is an expected swing low, for example that can be seen where two green rad arrow are formed, would you then add to your position on the break of the arrow, or try to take it at the point where a bullish candle breaks the high of the previous bearish candle (hopefully signifying a swing low, and nice place to take an additional position?)

yes you could add to your position.

Next, your xxx.000 lines, in your example between points 2 and four, it appears that you have two of them that you continue to load up for. Is this range taken from the next xxx.000 above the high point of where the RAD arrow was seen?

price action reacts at xxx.000 lines. It can hesitate and bounce before continuing or be rejected at these lines. I will often TP in this area.

I assume once you get to a xxx.000 point, you then stop until you get another large trend arrow do you, or can you still keep adding to your position when you see a rad arrow in the same direction, but that you wouldn't add to the position every 20 pips once you've reached the xxx.000 (presumably to protect the profits)?

And now for 240MA and 60MA...


In addition - the 240MA, and 60MA. I assume these are simple moving averages? I added them my H4 chart, and I can see a place where a large red trend arrow is drawn above the 240MA (see above), so this confuses me, as I thought it was supposed to be below. Am I missing something? Also, what is the 60MA for, is that the same, so if it is below both then it's strongly trending down, and above both is strongly trending up - I assume totally above the line and not touching it would indicate that? And in between those two is where it is ranging? So if it was to 'pop up' above the 240MA, we definitely shouldn't be doing anything until we see the large arrow? In that case, I would expect that to be formed on a swing-low above both MAs, is that right? And I'm guessing that you'd also be looking for a pattern, like an outside or inside bar or something of that nature to give the arrow strength and hence 'largeness'?

Please go back and read the manual for HGI or 10.4. Those issues are explained there.

I mustn't have done this right, as there are also large RED arrows in between the two lines, where my understanding is, they'd be ranging. Interested to know how that should actually work. What I did was added a simple moving average 240 period, and same but a 60 period to my H4 chart. Please tell me what I should have done.

No confusion, you either take the trade or you don't. HGI is letting you know CSS is showing strength. 60, 240 lines aren't able to do that.

Loving this stuff, not because I have an indicator that I can blindly follow, but because appears to have many aspects of things that I have previously learnt - I like agreement amongst experts

I have trading waves currently switched off - because in the EA it doesn't look to do it terribly well, and clutters the screen a little, so I couldn't see if the basics of the trade trigger are working as expected.

I'm thinking I will next go for the ranging arrow trades, and see if I can see how they work.

I'll be back with more questions

Thanks so much for your help,

Martin.

See answers above.

[martinplatt]

Thanks Bob,

That's awesome - you're awesome - thanks for the answers.

Starting to get to grips with this. It is very cool.

So with each of the shapes (buffers on the HGI, named values in the data window) - the values at which the arrow / wavy lines are drawn - is there significance to the value? I mean with a RAD arrow is this the point at which the trend will confidently go to, or just some arbitrary value so that it looks nice on the chart, since they do seem to vary.

With the range buy and sell - do these values have significance? For a stop as with the wavy lines?

Also the positioning of the wavy lines - is there significance to the wavy lines being above or below the candle at all? This could definitely make sense for the ranged wave - especially if it is an estimate of the range in the location? (upper or lower bound of range, wherever the wavy lines are seen).

And another question - with for example, something at a lower timeframe, does that lower timeframe do the math to work out the MA values for weekly and monthly, of just the two timeframes above it?

So if the trading TF is M30, then use weekly and monthly, or H1, and H4? The latter seems most plausible. I tried this with the latter, and it appeared that the signals given were less accurate. I know that that is generally the case, just wondered what you expectation would be with this at lower TFs, and if there's something I should be doing to try it, or do you just stay away from this?

Cheers,

Martin.