Nanningbob 4H trading system (Nanningbob 4H trading system) - MT4/MT5 resources
I want to close this thread, the new thread is: http://www.forexfactory.com/showthread.php?p=3896189#post3896189
The final result from August 2009 to June 2010 was a gain of 14,195 points. The final vote was 90 votes in favor and 78 votes against. What's ridiculous is that before a single transaction was made, 15 people voted against the system, and after we got to version 5, 3 more people voted against the system. Version 5 earned over 1100 points in the first week. April 2010 was our best month with gains of nearly 5000 points, but people were still voting against the system. Now you are wondering why people lose money in Forex. Anyway, thanks for the support, I'm making money, and for the 70 people who voted against it, I challenged them multiple times to come up with something more efficient, but they never did. I only remember one person posting about why he voted no, I guess the others are cowards. Regardless, I still challenge each and every one of them to release a better system. I don't think any of them would do that. to version 5.
Note from a trader p. 83 #1242 : After a long time of reading different posts and trying many different systems (paid and free), I finally made some profits by following the posts of two people in FF. One is your good self and the other is Steve Hopwood. Interestingly, both of you are career educators.
I have published the fourth edition of the page. 93 posts 1394. 977 people downloaded the second edition. In fact, we never released version 3 because version 4 came out very quickly, so we just released version 3.
I have released a second edition which replaces all downloads of the first edition. The second version folder contains all files and folders required by the system. I would like to thank the 3057 people who downloaded the first version.
The second edition includes: why countertrend trading is better than trend trading, (the trend is not your friend), using S/R, 40 MA BB bands, the 2.4.2 recovery system and its variants, new definitions of secondary trading, margin usage rules, volatility groupings for different currency pairs, margin usage and bankroll amounts, and is available in 4D and 5D versions.
Please come back to post #1 sometimes as I will be adding important information to this post as it grows.
I have used this system on and off for the past two years. However, I have improved it to the point where others can trade it and profit from it. It is primarily a manual trading system but uses EA as the entry point. This can help you avoid premature entry and avoid sprains. Instructions and all parts of the system are located within this folder. Discussion of this system begins on page 14. 33rd post #491. Since it contains changes I've added over the past 6 months, it won't change my daily reports too much. I've been adding to this over time and am now posting my improvements. The annotations below are still valid annotations for the second edition, but the images will not be identical.
Starting from article #237 on page 16 on August 16, I started calling every day to check on the status of my trades. I'll try to post them before the yen session, for better or worse, and see what happens. This gives traders the opportunity to understand how daily trading is done, with all the mistakes, trials, and tribulations. You see the good times and the bad times. It's real, I post them every morning so you can see exactly how I approach my trades every day. Once I post a transaction, the system cannot hide it. .
August 2009 total +1020 points
Total September 2009 +2651 points 27 Post #396
Total October 2009 + 1335 Month P.39 Post #579
November 2009 +1628 Page 3. 48 after 709
December 2009-1006 Our first negative month. p. 57 after 841
Total points for 2009 +5597 p. 57 Postcode 8412
I think I'd be happy with that.
Total monthly trading points in 2010
+1757 pages in January 2010. 65#963
February 2010 1595 points 77 after 1146
March 2010 +2575 points PG 83 after 1233
April 2010 +4951 Page 100 #1491 Two people voted against my system SHEEESH during my best month ever.
May 2010 - 3386 European news reports had us panicking, but we have corrected ourselves and are back.
June 2010 +1116 was a difficult month for trading, but we were profitable.
Here are some great posts to review and study.
Article 104 on page 7 provides a good explanation of how to minimize losing trades and turn them into winners in the long run.
Page 10 Page 136 I outline a trading strategy that zeroes out almost all losses. I hope you can understand the logic.
Article 178 on page 12 discusses the departures from using this system in trading. Very powerful when used on 4H charts.
Page 15 post #214 I posted some impressive results from using this system in 1 month. I only use $7.00 as starting capital for live trading. After 1 month I increased it to $61. Cool.
Post #367 Page. 25 I give some rationale for why this system works.
The discussions on pages 27, 28, 400, 405 and 411, pages 29-30 are also very important. I started to explain my I think I've improved it a lot, making it a more clear and accurate transaction. Well done. I added S/R with double top/double bottom to the definition. Trading is very solid right now.
P. 27 posts 408-409 I explain in more detail how the 3x3 Cross EA works using the S/R line and also discuss when to take profits.
P 32 Post #478 Look at the weekly bar chart and what it tells us about trading on the 4 hour chart.
I also added two indicators that I think are valuable, one is the daily S/R on any TF and the other is the daily and 4H S/R on any TF. The one I included in the system will perform S/R for any TF on your chart.
P.36 post #530 I give the 11 best pairs or alternatives for this system.
Page 37 #551 gives why the system is so likely to work in 5 months with EUR/JPY.
p. 40 post #599 Why rate stories are so hard to trade and why I don’t like trading them.
Some people are having problems with NBMACD, so I added a folder containing True MACD. Place the template into the templates folder and True MACD into the indicators folder.
p45 and 46 posts 671-679. I posted about preparing to trade with 100:1 leverage and answered a few questions about the system. After 679 I gave a picture and philosophy behind the system as well as examples of secondary transactions. Why they work so well. I also have a major trading signal that I didn't take and why.
P. 48 post 713: Some reasons why price may retrace, and it is almost guaranteed that it will.
P. 52 post 779 I showed a picture of the 4H MACD divergence in live trading.
The final result from August 2009 to June 2010 was a gain of 14,195 points. The final vote was 90 votes in favor and 78 votes against. What's ridiculous is that before a single transaction was made, 15 people voted against the system, and after we got to version 5, 3 more people voted against the system. Version 5 earned over 1100 points in the first week. April 2010 was our best month with gains of nearly 5000 points, but people were still voting against the system. Now you are wondering why people lose money in Forex. Anyway, thanks for the support, I'm making money, and for the 70 people who voted against it, I challenged them multiple times to come up with something more efficient, but they never did. I only remember one person posting about why he voted no, I guess the others are cowards. Regardless, I still challenge each and every one of them to release a better system. I don't think any of them would do that. to version 5.
Note from a trader p. 83 #1242 : After a long time of reading different posts and trying many different systems (paid and free), I finally made some profits by following the posts of two people in FF. One is your good self and the other is Steve Hopwood. Interestingly, both of you are career educators.
I have published the fourth edition of the page. 93 posts 1394. 977 people downloaded the second edition. In fact, we never released version 3 because version 4 came out very quickly, so we just released version 3.
I have released a second edition which replaces all downloads of the first edition. The second version folder contains all files and folders required by the system. I would like to thank the 3057 people who downloaded the first version.
The second edition includes: why countertrend trading is better than trend trading, (the trend is not your friend), using S/R, 40 MA BB bands, the 2.4.2 recovery system and its variants, new definitions of secondary trading, margin usage rules, volatility groupings for different currency pairs, margin usage and bankroll amounts, and is available in 4D and 5D versions.
Please come back to post #1 sometimes as I will be adding important information to this post as it grows.
I have used this system on and off for the past two years. However, I have improved it to the point where others can trade it and profit from it. It is primarily a manual trading system but uses EA as the entry point. This can help you avoid premature entry and avoid sprains. Instructions and all parts of the system are located within this folder. Discussion of this system begins on page 14. 33rd post #491. Since it contains changes I've added over the past 6 months, it won't change my daily reports too much. I've been adding to this over time and am now posting my improvements. The annotations below are still valid annotations for the second edition, but the images will not be identical.
Starting from article #237 on page 16 on August 16, I started calling every day to check on the status of my trades. I'll try to post them before the yen session, for better or worse, and see what happens. This gives traders the opportunity to understand how daily trading is done, with all the mistakes, trials, and tribulations. You see the good times and the bad times. It's real, I post them every morning so you can see exactly how I approach my trades every day. Once I post a transaction, the system cannot hide it. .
August 2009 total +1020 points
Total September 2009 +2651 points 27 Post #396
Total October 2009 + 1335 Month P.39 Post #579
November 2009 +1628 Page 3. 48 after 709
December 2009-1006 Our first negative month. p. 57 after 841
Total points for 2009 +5597 p. 57 Postcode 8412
I think I'd be happy with that.
Total monthly trading points in 2010
+1757 pages in January 2010. 65#963
February 2010 1595 points 77 after 1146
March 2010 +2575 points PG 83 after 1233
April 2010 +4951 Page 100 #1491 Two people voted against my system SHEEESH during my best month ever.
May 2010 - 3386 European news reports had us panicking, but we have corrected ourselves and are back.
June 2010 +1116 was a difficult month for trading, but we were profitable.
Here are some great posts to review and study.
Article 104 on page 7 provides a good explanation of how to minimize losing trades and turn them into winners in the long run.
Page 10 Page 136 I outline a trading strategy that zeroes out almost all losses. I hope you can understand the logic.
Article 178 on page 12 discusses the departures from using this system in trading. Very powerful when used on 4H charts.
Page 15 post #214 I posted some impressive results from using this system in 1 month. I only use $7.00 as starting capital for live trading. After 1 month I increased it to $61. Cool.
Post #367 Page. 25 I give some rationale for why this system works.
The discussions on pages 27, 28, 400, 405 and 411, pages 29-30 are also very important. I started to explain my I think I've improved it a lot, making it a more clear and accurate transaction. Well done. I added S/R with double top/double bottom to the definition. Trading is very solid right now.
P. 27 posts 408-409 I explain in more detail how the 3x3 Cross EA works using the S/R line and also discuss when to take profits.
P 32 Post #478 Look at the weekly bar chart and what it tells us about trading on the 4 hour chart.
I also added two indicators that I think are valuable, one is the daily S/R on any TF and the other is the daily and 4H S/R on any TF. The one I included in the system will perform S/R for any TF on your chart.
P.36 post #530 I give the 11 best pairs or alternatives for this system.
Page 37 #551 gives why the system is so likely to work in 5 months with EUR/JPY.
p. 40 post #599 Why rate stories are so hard to trade and why I don’t like trading them.
Some people are having problems with NBMACD, so I added a folder containing True MACD. Place the template into the templates folder and True MACD into the indicators folder.
p45 and 46 posts 671-679. I posted about preparing to trade with 100:1 leverage and answered a few questions about the system. After 679 I gave a picture and philosophy behind the system as well as examples of secondary transactions. Why they work so well. I also have a major trading signal that I didn't take and why.
P. 48 post 713: Some reasons why price may retrace, and it is almost guaranteed that it will.
P. 52 post 779 I showed a picture of the 4H MACD divergence in live trading.
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