Nanning Bob system

[rozario173]

Here is a link to a nanning bob system he just created. He's a well known creator of systems/Ea's on forexfactory

Within the zip file on first post contains the system. Also there is a document which is a very good read on how markets have changed and

why he's changing his trading strategy, very good read.

 

http://www.forexfactory.com/showthread.php?t=274194

 

rozario173

Edited January 2, 2011 by hermanhess
in future please enclose all links in code tags

[newbie111]

Thanx bro for the great share. I really like this system. I'm still learning to work with it effectively. Can someone please tell me if there is a way to duplicate the TMA with regular indicators? I want to create this exact template for my pocket pc, and Iphone apps, but there is no custom indis (specifically the TMA) for the apps on those 2 devices.

[Freddie]

Thanx bro for the great share. I really like this system. I'm still learning to work with it effectively. Can someone please tell me if there is a way to duplicate the TMA with regular indicators? I want to create this exact template for my pocket pc, and Iphone apps, but there is no custom indis (specifically the TMA) for the apps on those 2 devices.

 

It is a FF system the answers are there and if they are not ... ask there.

[newbie111]

OK thanx freddie

[newbie111]

It is a FF system the answers are there and if they are not ... ask there.

 

Hey Freddie, I consider you as on of the big brothers of this forum, and I value your opinion very much. Please give me your assessment of this system? Your opinion would be gratefully appreciated.

[Freddie]

Hey Freddie, I consider you as on of the big brothers of this forum, and I value your opinion very much. Please give me your assessment of this system? Your opinion would be gratefully appreciated.

 

Too complicated for me, I am afraid.

 

But... Naningbob and Steve the EA man are well respected. It really is something that you should look at yourself. It might just be your cup of tea.

 

Just had a look back...There is a whole argument/discussion about TMA.

 

I may be wrong but try using MAs offset by an amount. I am sure that there are paralell indies around which wood do the job.

Edited February 7, 2011 by Freddie

[newbie111]

Too complicated for me, I am afraid.

 

But... Naningbob and Steve the EA man are well respected. It really is something that you should look at yourself. It might just be your cup of tea.

 

Just had a look back...There is a whole argument/discussion about TMA.

 

I may be wrong but try using MAs offset by an amount. I am sure that there are paralell indies around which wood do the job.

 

Thank you Freddie, I'll stick with it as my system and if I feel that I have done something of interest, I'll post my demo account results to get your opinion.

[Freddie]

...if I feel that I have done something of interest, I'll post my demo account results ....

 

No need for the account, just tell us if it works reasonably well for you. I'll take your word for it. You are not an affiate seller so just your opinion is great.

[PipPip_Hurray]

Just a warning regarding Nanningbob and his trading style.

 

This is not a new system, he has been doing this for years. I have great respect for the guy, but he loves risk and his path is littered with followers who blew their accounts.

 

If you like semi-automatic babysitting of a Martingale and if you would like to learn to do it with as much skill as Nanningbob, then the system is for you. He is an expert in the art and you can learn a lot.

 

If you like an automated system that does not have the potential to seriously harm your account, look elsewhere.

[xtclove]

hi pippip,

 

this method is a new approach from nanning its a trend system instead of the usual CT style

[newbie111]

Thanks for the responses guys, I'll keep both opinions in mind, but I prefer to babysit my screen rite now, sort of a get a feel of the system thing for me. I don't use the partial trading ea's that he included. I basically just wait for the same setup on 4 hour and 1 hour, and make my trades from there. Sometimes, i'll use the 5 min chart to do quick scalps , but only in the same direction as my 2 higher time frames while waiting for my trade from the one hour to satisfy my take profit goal. But this is only on a demo account. I won't use it on a real money account until it has proven that it is the rite system for me after one more month.

[Edie]

I don't make many contributions to this forum, because until now

I haven't been profitable enough to have much worth saying about how to trade.

 

However, that has changed for me now, and I would like to share

with you all a completely free strategy from Nanningbob which you

will not find on FF. This strategy has helped me like no other system.

 

Bob still posts on FF but his strategy has been further developed

and is now 10.4 / 10.4 V5.02

 

As far as I know you can only find it here:

 

http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=38&t=1481

 

I have been a member here for a little while now, and recognise that the

attitude of the forum is to care and share.

 

The strategy and access to it are completely free.

There are a minimum number of MT4 Indicators to use.

Everything is downloadable from Page 1 of the thread.

There are many pages of charts and explanations.

There are heaps of other supporting threads dealing with this strategy.

 

I hope this information will help many of you to move

from struggling traders to seriously successful.

 

Bless you all.

[indo37]

Yes, its a good system - but don`t forget its mainly H4 and has considerable DDs. There are other threads on steve`s board that show addons - like NB10.4 Dashboards, NB10.4 EAs and NB10.4 Multitraders.

 

The problem over there is the difficulty to find the information.

 

Regards

[Guest FloridaTrader]

I don't make many contributions to this forum, because until now

I haven't been profitable enough to have much worth saying about how to trade.

 

However, that has changed for me now, and I would like to share

with you all a completely free strategy from Nanningbob which you

will not find on FF. This strategy has helped me like no other system.

 

Bob still posts on FF but his strategy has been further developed

and is now 10.4 / 10.4 V5.02

 

As far as I know you can only find it here:

 

http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=38&t=1481

 

I have been a member here for a little while now, and recognise that the

attitude of the forum is to care and share.

 

The strategy and access to it are completely free.

There are a minimum number of MT4 Indicators to use.

Everything is downloadable from Page 1 of the thread.

There are many pages of charts and explanations.

There are heaps of other supporting threads dealing with this strategy.

 

I hope this information will help many of you to move

from struggling traders to seriously successful.

 

Bless you all.

 

Keep in mind that one needs a membership in order to get the files. Can you share them directly with this forum?

[Edie]

Keep in mind that one needs a membership in order to get the files. Can you share them directly with this forum?

 

Two things:

 

1) The name of the latest version of the strategy is 10.4 / 10.5 V5.02 not "10.4 / 10.4 V5.02"

2) Membership of that forum is free, so everyone can freely access ALL of the files.

 

If I start posting the files here, I will miss some for sure.

 

One other thing is that there are dedicated threads for the strategy

development (main thread) as well as strictly charts and actual trades.

 

http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=38&t=1481

 

http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=38&t=2137

 

I hope no one thinks I am attempting to entice our forum members here

to join up over there, and not come back here.

 

Please do not do that. You will need to join (free) yes, but I hope you

get the strategy on board for yourself firstly, and then teach what you

find to our friends here. There are thousands of deserving people here

who have been looking for what works. This needs to be shared.

 

If someone starts a thread here, I will contribute. But I could not be the

main poster, because of my busy life ... much like most of you here too.

 

But I encourage you ... if you really do want to begin to make serious profits, learn this strategy.

 

This is what I have found:

 

The setups are based on the monthly trend, and you trade ONLY to the long side

if the monthly trend is up, and vice versa if the trend is down.

 

It is a game of patience - you wait until the setups appear, and then 2 things can happen:

 

1) You take your setups as per the strategy on the 4H TF

2) You drop to the 1H TF and trade from there ... keeping in mind at

all times what is happening on the 4H chart.

 

This is NOT how Nanningbob trades it.

 

Bob takes his trades by setting pending orders AHEAD of price (leaving pips

on the table ... but avoiding hurtful draw-down)

 

or ... he trades the 1H TF ONLY for counter-trend trades when the market

is slow, or if the market is taking time to set up another 4H trade.

 

You do have a lot of choice about the way you choose your personal

application of it. I suggest you trade it to the letter the way it is presented.

 

Bob is increasing his own account from 1% to 7% some days.

He has 1000 pip days ... and a member has had a 3500 pip day

using a micro account plus multiple entries. It's all there, and there

is no trickery.

 

I am proof that it works. I would not lead you astray about this.

Too many of us have sweated blood over losing money to the brokers.

We deserve better.

 

Here is the chance to help ourselves ... and it is free.

I took the chance and it is because I have experienced the sheer relief

of finally stopping losing, and making some money, that I wanted to give

you all the heads up to finally begin to improve your trading, and get some profits at last.

 

Out of all the system vendors in the world, I doubt there is a strategy like this ... for FREE.

[Guest FloridaTrader]

Great posting Edie, very much appreciated my friend :) btw, no one will assume you are trying to get us to move to another forum. You are in great standing here and a great member too!

 

Thanks for your postings.

[Edie]

I would like to acknowledge and thank Rozario173 for having the insight

to recognise the value of the Nanningbob trading approach. Your sharing

this with our friends on this forum is going to be the catalyst that releases

years of frustration in any trader who chooses to truly trade the way

Bob teaches. Thank you Rozario173.

 

I said earlier that we all deserve success in this.

Look back at how hard all of us have worked to become profitable.

Some of us have learned something, and have then been eager to

teach others and pass on what we have discovered.

 

But many times, all we are doing is teaching failure, because over many

years, all of this kind of teaching has come to what?

 

Yet is has all been done with the very best intentions. I seriously doubt

that there is a single member of this caring and sharing forum , who

would not help a brother or a sister in need, because we have all been

through the pain, and we want to lift each other above it all.

 

Yes - we all have differences ... we are not even friendly towards some

of our fellow members. That's ok ... and it is normal. It doesn't mean we

have nothing to learn from them - because even in their own seemingly

disagreeable way, you'd have to acknowledge that people we may not

be on the best of terms with, have been trying to help us with something.

 

The reason I bother to post here, is because I have recognised that at

last here is something that is free, open, acccessible and truthful in its

teaching and approach to how markets work, and how we have profit

from understanding that.

 

I am Australian, and born into a privileged part of the world.

It was nothing I did - I just am here. What a miserable soul I would

be, if I simply used the privilege of birth to enrich and spoil myself

through life.

 

Contrast this position with the situation concerning many of my Indonesian

brothers and sisters, who can not, and do not participate in a fraction

of the wonderful things available to me. And not only in Indonesia, but

in any part of the world that is a victim of the colonial economic

oppression that still exists today, keeping developing and emerging

nations in a state of poverty that prevents them from also enjoying

something of the abundance of the earth.

 

If you understand that, then you understand the extreme seriousness

of my posting. The brokers and the banks have been running the retail

forex market for more than a dozen years. They have robbed traders

like you and like me.

 

Robbed us blind.

 

Stolen our funds and sent us into even more difficult financial

circumstances than we were in before we started this.

 

I am posting because I want to tell you that this can change.

 

You need to believe that this can and WILL change for YOU.

[Edie]

Sorry for my long posts - I get a bit passionate at times, and have too much to say.

 

This morning (my time) I was reading the latest page of Nanningbob thread,

and this is something I want to share:

 

http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=38&t=1481&start=5440

 

Here, a trader called Pips400, had this to say:

 

In my limited experience trading is about having the ability to trade with an edge over the long term.

 

This calls for nerves of steel especially in high DD scenarios or a run of losses, but you play the odds

over many many trades with tight MM and trade the plan. Tight MM keeps us in the game long

enough to get the long term profitability.

 

The edge with 104 is great and I am using it myself (and based on classic price action, buy the dips,

sell the rallies), but there are other edges, many in fact, lots of different ways to trade in forex all

with an edge.

 

It seems to this noob, that even more important than the edge is the personal discipline and

mentality to put that edge to work and succeed. I am trying to keep forex purely mechanical/business

and not personal, not to feel the pressure to trade or not to trade, but simply follow rules which were

carefully thought through well in advance, this calls for a cool head and discipline, without these it

doesn't matter what edge you trade you won't succeed in the long term.

 

I was talking to someone a few months ago about my trading journey to date and told them, I realise

that in the final analysis the weak chain in the link is me.

 

If I'm losing then before I throw out the strategy and look for the next, I need to recognise am I the problem here?

 

There's no room for pride or being defensive but I have to be brutally honest with myself all the time,

otherwise I know that I can deceive myself or blame the strategy, this is not the case. That's why

I'm placing more emphasis on the ability to trade the edge rather than the edge itself.

 

Pips400 has defined much of the problem. The problem is me.

It is in the way I think and behave towards my trading account.

 

This has been overcome in the 10.4/10.5 V.5.01 because Bob

sets down rules to follow. And they are not hard rules.

 

You need to be patient, and not greedy.

Get the strategy right.

Trade it right.

 

And the money will follow.

 

Bless you all.

[Edie]

Too complicated for me, I am afraid.

 

But... Nanningbob and Steve the EA man are well respected.

It really is something that you should look at yourself.

It might just be your cup of tea.

 

Just had a look back...There is a whole argument/discussion about TMA.

 

I may be wrong but try using MAs offset by an amount.

I am sure that there are parallel indies around which wood do the job.

 

Freddie - I have seen how much your work on this forum is respected.

I agree with your assessment of the strategy as posted on FF.

 

But it has evolved far differently today from what it was 2 years ago.

It is simpler, and more complicated at the same time.

 

More complicated because there are some EA's that place trades,

set SL and TP ... and quite frankly I have not been able to master

these. But then I have not really tried to use them either, and that

is because not enough has been posted (as far as I have seen)

about how to set up and use the EA's.

 

For myself, I still trade 100% manually, except for ONE EA

I use to "close all trades" at once. I use it occasionally.

 

As for the rest of it, that is the simple part.

 

The files are simple to download and install/use.

 

The setups are very plain.

 

But if there is any doubt, I simple leave the trade alone.

There are other pairs to trade, and sometimes a day or two goes by

with NO trade.

 

"No trade" means the trend is building energy for a large move,

so we miss nothing. AND ... it gives time to prepare trades to take advantage

of the setups that are happening.

 

Part of a trader's downfall is that he thinks he can find a trade all the time.

Most of us know this is unlikely, and verging on overtrading to think we

should be always able to find something tradable.

 

Bob teaches us how to overcome this, and he teaches how to

manage the 4H TF with minimum draw-down. It is not necessary to have

huge draw-down to trade the 4H TF.

 

Bob also teaches good money management.

 

The strategy is quite complete, and many chart examples are posted

to explain what is going on.

 

It might be worth taking a look to see what is happening recently.

I mentioned earlier that "Bob still posts on FF." He doesn't, according

to his own statement, so I was incorrect in saying that.

 

I wish I was able to understand and speak Indonesian languages,

so I could put this in the language of the people.

 

I hope someone who is bilingual can understand the opportunity here, and share

with all our brothers and sisters. We all deserve it. Maybe start the thread in

the Indonesian language that many members speak, so that no one is disadvantaged.

[hermanhess]

Edie thanx for letting us know ... Bob used to post at ff but doesn't any more, I thought the method had failed but good to know its alive and kicking :)

 

What about days when the market shoots off in one direction, I think he used to call it "runners" like when the BOJ intervened last year and the markets moves in one direction literally for hundreds of pips without retracing ... couldn't that one odd trade once in a blue moon decimate the account?

[Edie]

Edie thanx for letting us know ... Bob used to post at ff but

doesn't any more, I thought the method had failed but good to know its alive and kicking :)

 

What about days when the market shoots off in one direction, I think he used to call

it "runners" like when the BOJ intervened last year and the markets moves in one direction

literally for hundreds of pips without retracing ... couldn't that one odd trade once in a

blue moon decimate the account?

 

Good point Hermanhess.

 

You need to place stops of course, but rarely need them. It will become clear later.

 

Bob has designed the strategy to place pending trades, not "at market" orders.

 

This means you don't enter until the price meets the conditions, and because

you placed a pending order, your entry will occur only if all conditions are met.

 

I can see the best way to explain this is to begin a thread for the purpose.

 

I will also try to upload the .rar files. They are free for everyone over at page

one of Bob's thread, but you simply need to join up to access them.

 

Having a thread here, plus access to charts, indicators and members already

online here, seems to me to be the best way to bring this to you all.

 

I will begin a thread here later today, and upload what I can, as well as

give explanations etc of what the indicators are telling us.

 

I want as many people as possible to benefit from this.

I have been 9 years at this, and know the quality of what has come to me.

It must be shared, and quickly. We need to open the eyes of traders, and

get them profitable as soon as possible.

 

When I start the thread, I will post a link to it from here.

 

In the mean time I suggest traders stop trading and wait - save up

your money. Be prepared to spend a couple of weeks learning.

Get your mind free of the frustration and anger that has been your

companion for so long. Become optimistic and excited about the future.

Edited June 12, 2013 by Edie

[Edie]

By the way - can someone tell me how I can gain permission to upload attachments?

Will this come automatically once I have made enough posts?

 

Will it be enabled if I start that new thread?

 

Thank you in advance.

[Skygod]

Hi Edie, you have to use an external file hosting site. One option is to use a multi upload site that will host your files with a few different file sharing sites. This option works well on this forum as some members can't access particular file hosters for various reasons. One multi upload site I have used successfully is:

 

http://www.mirrorcreator.com/

 

There are many others. Hope this helps.

[tryitagainmf]

By the way - can someone tell me how I can gain permission to upload attachments?

Will this come automatically once I have made enough posts?

 

Will it be enabled if I start that new thread?

 

Thank you in advance.

 

www.sendspace.com

 

www.mediafire.com

 

www.limelinx.com

 

www.4shared.com

 

...are some of the other "easier to use" sites that members use, among others.

 

Cheers!

 

Mick

[Sesshoumaru]

i think

www.sendspace.com

is the best