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10.4 A Complete System
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Author:  lvdfx888 [ Sat Feb 16, 2013 4:01 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote: I am in Shenzhen airport waiting to go to HongKong airport in 30 minutes.

Yes there are several things you can do. In the update switch to the Sto 5 which gives basically the same reads as the RSI 2 but will use less ram than the slope indi that is used with the RSI2. Another thing is to reduce down from 200 to 10 bars or switch to Baluda's pivot S/R. His will only show todays levels. You cant back test with his but if you have developed confidence in the system you can switch to his. You can save the 2000 or 200 for backtesting and the 10 bar or Baluda's for live trading. Just make a separate template for each and you have them at your fingertips. I will save each kind to a different profile so I can easily switch back and forth if I need to. He also has the mid pivots done I just havent had time to set up and post it yet so that will also help. That should really help those who have a RAM isssue.
Hi Bob,

I found this indy is the same as NT indy.

Ron
Author:  bshoe24 [ Sat Feb 16, 2013 5:20 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote: Yes there are several things you can do.
Thank you. This should fix me up.
Author:  SteveHopwood [ Sat Feb 16, 2013 7:21 am ]
Post subject:  Re: 10.4 A Complete System
lvdfx888 wrote:
SteveHopwood wrote:
lhDT wrote:
bshoe24 wrote:Is there anything in the future that can be done to make the indicators in this system less cpu intensive?
No problem here with 21 charts opened. CPU usage is flat.
Are you sure? The NT indi thingy sending a billion subwindow errors a second slows my 6 month old machine to a crawl. The only way I can run the indi's is to have them going on one trading decision platform that I use to consult about sending the pendings. Then I have to shut it down to ensure my other demos will continue to do their testing thingies.

Once my trade manager is up and running, it will need its own platform separate to the trade-decision platform. Even on my fairly new machine, having multiple charts all sending the subwindow error umpteen times a second is a no-no.

:D
Hi all,

FYI: Set showInfo to false in NT indi will turn off the error messages.

Ron
Nice one Ron. Thanks.

:D
Author:  alex_forex [ Sat Feb 16, 2013 8:28 am ]
Post subject:  Re: 10.4 A Complete System
Bob, thanks a lot for this :)
I will be reading a second time the full booklet over this week-end.
Brilliant :D

Thanks again
Alex
Author:  WideEyed [ Sat Feb 16, 2013 11:00 am ]
Post subject:  Re: 10.4 A Complete System
Dewey McG wrote:
lhDT wrote:
Dewey McG wrote:An observation from a losing trade that could have been a winner:
Bob mentions using the AO as confirmation for an entry, which would have made a difference on my EURAUD trade. If I had waited for the AO to change color it would have been a winner instead of hitting SL.
Not sure if it's a good idea because I think the purpose of the RSI2 is to place pending orders only, whatever the AO is. (-> correct me if I'm wrong)
I think the AO is just there for manual entries ? (color change in a trend with MA240 as SL). (-> correct me if I'm wrong)
My EURAUD made +45 pips today. You notice how your H4 candles differs than mine due to broker server time ?
Top of page 14 in the new manual:

the RSI 2 signals to set your pending orders and the AO confirms your entrances and warns you to exit
My understanding is that you set the pending orders when RSI2 flattens and then you let those orders activate irrespective of the AO colour. That interpretation seems to be confirmed by Bob's B trade on page 15 which activates on an orange.

There are a few occasions where it appears you need to diverge from the rules and where Bob seems to use his discretion instead. I provided earlier what looked like one such case. I'm glad I'm not the only one who's a bit confused :)
Author:  WideEyed [ Sat Feb 16, 2013 11:08 am ]
Post subject:  Re: 10.4 A Complete System
fire580 wrote:I can't find this... I may have missed it, but are you guys entering current bar or close bar and does that histo repaint?

Thank You,
Fire580
I didn't find any mention either but from studying the example charts it appears that the entering is done after the close of the current bar.

In the image on page 15, for example, the RSI2 hits the floor, the second green box starts with a red price bar that crosses the WP. If you set your B trade during this four hour period it could get triggered during that 4 hour period itself. I suspect Bob placed the trade during the second 4 hour period (which was also a red bar) and the trade got triggered on the third bar when the price rose. That interpretation seems to correspond with other examples trades in the doc. I'm happy to be corrected.
Author:  Mike [ Sat Feb 16, 2013 11:40 am ]
Post subject:  Re: 10.4 A Complete System
WideEyed wrote:
Dewey McG wrote:
lhDT wrote:
Dewey McG wrote:...Bob mentions using the AO as confirmation for an entry ....
... the purpose of the RSI2 is to place pending orders only, whatever the AO is. (-> correct me if I'm wrong)
I think the AO is just there for manual entries ? (color change in a trend with MA240 as SL). (-> correct me if I'm wrong)...
Top of page 14 in the new manual:
the RSI 2 signals to set your pending orders and the AO confirms your entrances and warns you to exit
My understanding is that you set the pending orders when RSI2 flattens and then you let those orders activate irrespective of the AO colour. That interpretation seems to be confirmed by Bob's B trade on page 15 which activates on an orange.
Yes, that's how I understood the rules: RSI2 flattens, I set pending orders and leave. While waiting for the pending trades to enter, price still going in the oposite direction sometimes crosses a Pivot-S/R-Line and I modify the entry price of my pending trade accordingly (if I happen to be around). The order fires when price gets hit. When an AO color-change confirms I feel better about the trade otherwise I start to doubt whether to stay in or get out ;) Mike
Author:  nanningbob [ Sat Feb 16, 2013 12:23 pm ]
Post subject:  Re: 10.4 A Complete System
Mike wrote:
WideEyed wrote:
Dewey McG wrote:
lhDT wrote:
Dewey McG wrote:...Bob mentions using the AO as confirmation for an entry ....
... the purpose of the RSI2 is to place pending orders only, whatever the AO is. (-> correct me if I'm wrong)
I think the AO is just there for manual entries ? (color change in a trend with MA240 as SL). (-> correct me if I'm wrong)...
Top of page 14 in the new manual:
the RSI 2 signals to set your pending orders and the AO confirms your entrances and warns you to exit
My understanding is that you set the pending orders when RSI2 flattens and then you let those orders activate irrespective of the AO colour. That interpretation seems to be confirmed by Bob's B trade on page 15 which activates on an orange.
Yes, that's how I understood the rules: RSI2 flattens, I set pending orders and leave. While waiting for the pending trades to enter, price still going in the oposite direction sometimes crosses a Pivot-S/R-Line and I modify the entry price of my pending trade accordingly (if I happen to be around). The order fires when price gets hit. When an AO color-change confirms I feel better about the trade otherwise I start to doubt whether to stay in or get out ;) Mike
I am sitting in HK airport waiting for my flight out tonight. Went down to the pier and had a subway sub sitting on the docks with the wind blowing through my hair. A nice spicy Italian sub. hmmmmmmm.

Any way you have it right. You are not waiting for the AO to change colors to enter. You have set pending trades while price is going in the wrong direction or is ranging. When price breaks back into the trend it will trigger those trades and also make the AO change color. Your setting of the pending trades had nothing to do with the color of the AO but the RSI 2 or STO 5 being flattened and whether you are above or below the 240 line. Those are the two key reads back into the trend.

The AO only confirms the direction when you are already in the trade. The trade is triggered by your pending trade not the color of the AO. The AO plays its most important role in deciding to close a trade or keeping it going. When the AO changes color the run is usually done, however the RSI 2 or STO 5 can also play a role. If they clear the opposite side of the AO historgram even if the AO color has not changed that is a clear indication the trade is not going in your direction and you can close or plan a 2nd trade. This is a warning especially when a news story hits that price direction has changed and you dont need to wait 4H later for the AO color to change. So closing out a trade series can be dependent on AO color change or RSI 2/STO 5 breaking below the AO histogram bars. You can even close when the RSI 2/STO 5 breaks back off from flatlining especially if you got a nice haul going and you want to finally rake it all in.

The most difficult call will be the AO changing color but the RSI2/STO5 not breaking through the histograms showing the move still has strength. That will be the hardest interpretation in the system. I hate to see profits disappear so I tend to pocket profits and restart the setting of pending orders but that is me. I hope this helps. Anyway back to HK and waiting on for my flight.
Author:  WideEyed [ Sat Feb 16, 2013 1:01 pm ]
Post subject:  Re: 10.4 A Complete System
Have a safe trip, Bob (and thanks for the clarification).
Author:  Gertje [ Sat Feb 16, 2013 3:39 pm ]
Post subject:  Re: 10.4 A Complete System
xrismak wrote:
Gertje wrote:
nicoacademia wrote:yea. look at $EURJPY. :)
hence why i say.
probably.
better.
than.
*erm*. :) :lol:


edit:130 pips in 34mins? the heads up was there since last night.
Even if this is better than..... I'll keep doing both.... :D

Currently up 6% for today with 10.4, gotta love this!

Gertje,

I thought I was the Only One who Loves this System....... it make's sense trading on a smaller level with it one can go on and on and on and on minting Money Confidently Basket-trading. I have really never Been a Fan of Using SL but this is Just Cool, now I can use Stop losses and Move them at Random for Locking up the Pips...... Nanningbob thank you once a AGAIN for this 10.4 System and this is Also to Thank you Steve for that Pending Order Script, it also does the Stop Losses for me and then I can move them as I please..
It will be Hard for me to Make REGULAR LOSSES from NOW on. I just Look Set and Forget, Go to Bed and Wake up and I am in the Moneyyyyyyyyyyyy :lol:

Happy Trading Y'all

xrismak ;)
Following the MM rules I made appr. 10% yesterday, closed out everything 19h00 local time (13h00 - 14h00 US). Could have made the same on monday, if I hadn't been greedy.

All in all, a perfect outcome that if continued will be a career changer......
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