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- ericjschroed replied Jan 12, 2011
Bob, you and Steve have both suggested not taking a trend trade if the 240MA and TMA are converging and indicating possible trend change, but not if they're miles apart. How close is too close? Should be different for each pair based on ATR or TMA ...
Nb 1.0 trend trade system
- ericjschroed replied Jan 12, 2011
Wrong thread. Post this in Steve's thread. Only questions about Bob's EAs should be asked here.
Nb 1.0 trend trade system
- ericjschroed replied Jan 11, 2011
First, I had a EURUSD trade entered with the Manual bot and when I checked later it was suspended with an open trade so I had to click on it to reactivate. Add: I was short the EURNZD (manual bot), price moved 15 pips, BE moved to 3, got stopped out ...
NanningBob V1 Trend auto trading robot by Steve Hopwood
- ericjschroed replied Jan 10, 2011
Yes, without digging through all the logic, which I will try today, it would appear that the global variable may be the key. I just had a perfect setup on the GBPUSD and the autotrader is still "not looking". Hopefully I can find it or we'll wait ...
NanningBob V1 Trend auto trading robot by Steve Hopwood
- ericjschroed replied Jan 9, 2011
Trade Status is... — Hi, Steve. I'm a little confused with the EA. I put the auto trader on the USDJPY several hours ago and when I checked back the trading status was "not looking for a trade trigger" although it seems it should have been. ...
NanningBob V1 Trend auto trading robot by Steve Hopwood
- ericjschroed replied Jan 9, 2011
If you're referring to my post, then ignore it please. Just learn the system as Bob explains it. I just saw someone comparing the 2 over in Steve's autotrader and they may use it because of the greatly reduced impact on the CPU when running Steve's ...
Nb 1.0 trend trade system
- ericjschroed replied Jan 9, 2011
DANGER, WILL ROBINSON!! Did you intend to use the H4 for GBPJPY? On the H1 it's in an UT.
Nb 1.0 trend trade system
- ericjschroed replied Jan 9, 2011
Hey, Bob. Before your answer, my response would have been... none. I have been attempting to learn Forex for a year or so and have realized that backtests mean sh!t. Only forward testing really matters. And the markets continue to change. And every ...
Nb 1.0 trend trade system
- ericjschroed replied Jan 7, 2011
Unless Steve has changed something, I believe the bot is only supposed to take buys if TMA/LWMA is Above the 240 AND going up; the reverse for sells. In my audjpy (all brokers will be different) the Midline is barely above 240 but pointing down, ...
NanningBob V1 Trend auto trading robot by Steve Hopwood
- ericjschroed replied Jan 7, 2011
Thanks but check with Bob first to see if I got it right. I like the idea of restricting the trading hours if that proves profitable, especially since I'm asleep during the most active hours and awake during the slowest. As long as I am comfortable ...
NanningBob V1 Trend auto trading robot by Steve Hopwood
- ericjschroed replied Jan 6, 2011
Hi, when I told Bob that I was using a 10 pip SL above/below Hi/Lo, he said that 30 would be better not to get stopped out too often, although that does lower my R/R if I shoot for the TMA exit. It would be nice to have a smaller SL like the halfway ...
NanningBob V1 Trend auto trading robot by Steve Hopwood
- ericjschroed replied Jan 5, 2011
Yes, I too had nearly all of my trades hit SL. Only one hit TP. Still have 2 open with 1 close to SL and the other hovering around BE. Every one of those trades was taken contrary to the TMA angle, that is, buying while pointed down, etc. Certainly ...
Nb 1.0 trend trade system
- ericjschroed replied Jan 3, 2011
Thanks, Bob. I did ask earlier what distance you placed your SL but must have been overlooked. Have you been profitable with a 30-over-last-high SL in your testing? Or do you vary the distance per currency based on your experience? If you suggest a ...
Nb 1.0 trend trade system
- ericjschroed replied Jan 3, 2011
Thoughts on SL — Thought Steve was gone fishing; hadn't heard from him for a while! So about SLs... I placed my CADJPY trade which never went into profit and chose 10 pips above last high for my stop, and the market reversed and just hit my SL ...
Nb 1.0 trend trade system
- ericjschroed replied Jan 3, 2011
Art, not science — I may be wrong (have been at least once in my life), but it sounds like you are trying to force Forex trading into the Science category where everything is precise and measured, but the hardest, and longest, lesson for me to ...
Nb 1.0 trend trade system
- ericjschroed replied Jan 2, 2011
Break-even? — Bob, (when) do you move your SL to BE?
Nb 1.0 trend trade system
- ericjschroed replied Jan 2, 2011
Yes, Bob, THANKS! My feedback is: Since I know your schedule, hopefully this will be an equally low maintenance trading system, since I can't and don't want to be in front of the PC any more than necessary. However, I'll need to see when the trades ...
Nb 1.0 trend trade system
- ericjschroed replied Dec 28, 2010
First, I am not an expert Forex trader or an expert in Bob's system. I, too am looking for something that fits in with my lifestyle, timezone and trading tolerance. I think this is it. You're right about the sixths. you can get them to show about 4 ...
Nanningbob 4h trading system ver. 5.0
- ericjschroed replied Dec 28, 2010
Norok, maybe Bob will respond differently (while I eagerly await his post-holiday enlightenments regarding the new guidelines to combat the stupid US restrictions), but based on your comments, it seems you may need to re-read some or all of this ...
Nanningbob 4h trading system ver. 5.0