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10.4 A Complete System
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Author:  nanningbob [ Mon Oct 28, 2013 7:14 am ]
Post subject:  Re: 10.4 A Complete System
rostaus wrote:
Hi Bob,

It helps when you define where you are going, you must be close to answering all the questions because 10.6 is making pips for me. thankyou. You mention an EA, I've been running the TCO EA based on NB and its been making 3% per week on demo, Early days but I'm impressed. You cant tell it to wait for the 15ma though which is a drawback. I've never been a fan of EA's but based on your system its very interesting.
Grimweasel asked a great question and it deserved a thorough answer. Even though he didnt ask it directly he was wondering where are you really going with this. The whole thing was I asked the question about 4 years ago, what is a trend? I couldnt find a straight answer. Then I began to understand why traders were failing. They didnt know what they were trading. The trend is only your friend if you know what it is. If you dont know what it is then it cant be your friend. Each definition then was followed by the next question. If this is a trend then what is a reversal? 240 line :) If you have a trend and reversal, what is a ranging market? and so on. Each discovery lead to a new question. Sometimes the answer was close but not close enough. So the quest goes on. 10.6 answers a lot of these questions that previous versions leave out. I am close to beginning to write the book on it and I think it will be definitive on most trading issues facing a trader. Of course it wont be infallible but if it is 75% or better in accuracy then you should be successful if you keep your losses under control. That is the goal, not the Holy Grail but a sound trading system that covers almost all the bases. Hopefully my 4 year quest of finding clear cut definitions to terms used by traders will bear fruit.
Author:  nanningbob [ Mon Oct 28, 2013 1:24 pm ]
Post subject:  Re: 10.4 A Complete System
Elixe wrote:Hi Bob,

I've modified the dummy lights, find attached the indi. Anyone downloading it wait for Bob to confirm it's working as intended before basing decisions on it please :)

To make the rules clear, please correct me if I misunderstood them :

H4 GREEN BAR : Bid above MA240H4 and MA60H4
H4 OLIVE BAR : Bid is between the two MA but above MA240H4
H4 GOLDENROD BAR : Bid is between the two MA but below MA240H4
H4 RED BAR : Bid is below MA240H4 and MA60H4

H1 GREEN BAR : Bid is above MA240H1 and MA60H1 but below MA15H1
H1 RED BAR : Bid is below MA240H1 and MA60H1 but above MA15H1

All MAs are LWMA / PRICE OPEN
You can now right click / refresh to force redraw if there are no ticks incoming

You can send me your request on Excel, I'm using it regularly in job and might give some help
I am getting a 3 bar signal. looks like this and like this with an empty box. Is there a reason for that??
Author:  Elixe [ Mon Oct 28, 2013 2:01 pm ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote: I am getting a 3 bar signal. looks like this and like this with an empty box. Is there a reason for that??
This is only two bars, but my parameters might be confusing as I wanted the H4 bars to be bigger than the H1 bar :
you have, on the first capture, the Green H4 bar, an empty separator, empty H1 bar (this means no signal, I wanted to make it clear that the H1 box was there but without any signal to display)
On the second capture, Green H4 bar, empty separator, Green H1 bar.

If you don't want the H4 bar to be bigger than the H1 bar, you can change its width with numBarsRight, default is 7, H1 width is always 2

If you want both bars to be similar in size, put 4 or 5 in numBarsRight.
Author:  zentauro67 [ Mon Oct 28, 2013 9:34 pm ]
Post subject:  Re: 10.4 A Complete System
Bob, have you also tested the 30MA?

It seems 15 works fine in trendy markets and 30 is a little more accurate for smooth trends and ranging. Maybe It could be interesting to test an average between 15 and 30 (22 or 23MA) and compare the results.

10.6 is getting hot!
Author:  nanningbob [ Mon Oct 28, 2013 10:36 pm ]
Post subject:  Re: 10.4 A Complete System
zentauro67 wrote:Bob, have you also tested the 30MA?

It seems 15 works fine in trendy markets and 30 is a little more accurate for smooth trends and ranging. Maybe It could be interesting to test an average between 15 and 30 (22 or 23MA) and compare the results.

10.6 is getting hot!
I looked at the 30 and i think in the first original post it was there. The 15 works good on the 1H as a reentry signal so that is why I ended up with it but it was a toss up between the two. The 15 matched with the DO line very well on the 4H chart so that was the deciding point but the 30 is an excellent tool. Some how a decision has to be made to keep the screen clean.
Author:  nanningbob [ Mon Oct 28, 2013 10:45 pm ]
Post subject:  Re: 10.4 A Complete System
aud, cad, nzd angling down eur, chf, gbp angling up. jpy, usd flat. have fun.
Author:  nanningbob [ Tue Oct 29, 2013 6:39 am ]
Post subject:  Re: 10.4 A Complete System
Elixe wrote:
nanningbob wrote: I am getting a 3 bar signal. looks like this and like this with an empty box. Is there a reason for that??
This is only two bars, but my parameters might be confusing as I wanted the H4 bars to be bigger than the H1 bar :
you have, on the first capture, the Green H4 bar, an empty separator, empty H1 bar (this means no signal, I wanted to make it clear that the H1 box was there but without any signal to display)
On the second capture, Green H4 bar, empty separator, Green H1 bar.

If you don't want the H4 bar to be bigger than the H1 bar, you can change its width with numBarsRight, default is 7, H1 width is always 2

If you want both bars to be similar in size, put 4 or 5 in numBarsRight.
Seems to work good, will have to think about that third bar or double sized bar.

Now the 2nd part is when we have an olive bar and a goldenrod bar or range/reversal time signals. I would like to have a signal of 4H olive/green and goldenrod/green when the Sto is below 20 on the 1H and below 15MA on 1H showing a potential buy during the range area.

And an olive/red or goldenrod/red when STO7 is above 80 and above 15 showing a sell during a range time. We then would have goldenrod/red or Olive/red for sells during range times. Then goldenrod/green and olive/green for buys during range times. These will be alternative trades during range times is you want to take a look at them.

So the determining factors for Green/Red bars on the 4H to enter a trade would be different from the Goldenrod/Olive bars on the 4H to look for a trade. Simple but effective in what to look for.
Author:  krooza [ Tue Oct 29, 2013 6:54 am ]
Post subject:  Re: 10.4 A Complete System
Hi Bob

First time contributor, long time reader.

I'm really liking 10.6 but I'm finding it very hard to let go of the 10.2 TMASlope indicator. I have found that it is very helpful when determining whether to take profit at the first #.000 or let it run further until the next #.000. The rule I am trying at the moment is (for a buy) if the TMA is above 0.8 when the price approaches the first #.000 then move the TP to the next #.000. If it is below 0.8 then take the profit at the first #.000.

Anywa, keep up the great work.

Chris
Author:  nanningbob [ Tue Oct 29, 2013 7:14 am ]
Post subject:  Re: 10.4 A Complete System
Elixe wrote:
nanningbob wrote: I am getting a 3 bar signal. looks like this and like this with an empty box. Is there a reason for that??
This is only two bars, but my parameters might be confusing as I wanted the H4 bars to be bigger than the H1 bar :
you have, on the first capture, the Green H4 bar, an empty separator, empty H1 bar (this means no signal, I wanted to make it clear that the H1 box was there but without any signal to display)
On the second capture, Green H4 bar, empty separator, Green H1 bar.

If you don't want the H4 bar to be bigger than the H1 bar, you can change its width with numBarsRight, default is 7, H1 width is always 2

If you want both bars to be similar in size, put 4 or 5 in numBarsRight.
Seems to work good, will have to think about that third bar or double sized bar.

Now the 2nd part is when we have an olive bar and a goldenrod bar or range/reversal time signals. I would like to have a signal of 4H olive/green and goldenrod/green when the Sto is below 20 on the 1H and below 15MA on 1H showing a potential buy during the range area.

And an olive/red or goldenrod/red when STO7 is above 80 and above 15 showing a sell during a range time. We then would have goldenrod/red or Olive/red for sells during range times. Then goldenrod/green and olive/green for buys during range times. These will be alternative trades during range times is you want to take a look at them.

So the determining factors for Green/Red bars on the 4H to enter a trade would be different from the Goldenrod/Olive bars on the 4H to look for a trade. Simple but effective in what to look for.
Author:  nanningbob [ Tue Oct 29, 2013 11:45 am ]
Post subject:  Re: 10.4 A Complete System
krooza wrote:Hi Bob

First time contributor, long time reader.

I'm really liking 10.6 but I'm finding it very hard to let go of the 10.2 TMASlope indicator. I have found that it is very helpful when determining whether to take profit at the first #.000 or let it run further until the next #.000. The rule I am trying at the moment is (for a buy) if the TMA is above 0.8 when the price approaches the first #.000 then move the TP to the next #.000. If it is below 0.8 then take the profit at the first #.000.

Anywa, keep up the great work.

Chris
The 10.xxx series will compliment each other. In other words the different indicators will work with each other. So to mix and match is not a bad thing if you find something useful. I cant tell you how many times I will flip back to a 10.5 or 10.4 screen to compare how the reads are with 10.6. I find they compliment each other very well. So dont give up something that is working for you.
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