Nasdin's Trading System

Trading Systems Free Forex Trading Systems
42

What the WPR period stands for would be the number of bars that the WPR mathematical formula calculate with.
3 would mean that it calculate 3 bars away.
21 would mean that it would calculate 21 bars away.
In my chart, the blue one is 3, the red one is 21.

A comparison between a 3 and 21 in a single indicator(like what I did in the system) basically is trying to mean that market volatility and momentum, was increasing more rapidly 3 bars away from the current price as compared to 21 bars away from current price if there is a deviation between the 2 values, that is. More like saying, price bars are Accelerating


It’s my genius way of interpreting that the shorter term Eliott waves(read up about that) have reached a wave 5, cause the market usually accelerates quickly before finally changing trend direction.
So it’s a pretty smart way of looking at the market in an organic way ( eliott wave) but through using an indicator to summaries it all up in a single glance.

Now, what is an EMA.
an EMA stands for Exponential moving average.

Now firstly, what is a moving average?

A moving average is calculated through a period which you have to input into the computer.
If let’s say, you put 25 moving average, so it would calculate the average Close price. Now remember the word close.
It would calculate the average close price for 25 bars before it, and then give you a tiny little dot in the screen, over time, it forms a line, and since it calculates after every bar, its called a moving average.

An exponential moving average differs from a simple moving average as an exponential moving average has a bit more difference in calculation as compared to a simple moving average. The exponential moving average has a bit more weight to the nearest bars, therefore it is more faster as compared to a simple moving average.

Now, I told you to remember close, moving averages can also be input to calculate on Open, the High, The Low, median, typical, weighted, Do correct me someone, if I miss out one.

In the system, I use a combination of High, Close and Low, Then it forms a channel or band. So I named it, EMA channel, another one of my inventions.
The advantage is that people are always trading in different timeframes and different timezones around the world and so bars tend to have different closes at different points of time for different people, so everyone would have different moving averages, if they were from different time zones or just trading different timeframes.

Now, I included the High and Low as High and Lows remain constant throughout, so it adds a bit of edge.
An edge is a slight probability that you are more likely to win, an edge is the most important fundamental in trading to have, to be a profitable trader.

-10 to -90 levels
The -10 and -90 levels are ranges where we are NOT trading, when the market is in trending mode.

43

Some trades I got on at the 8pm 4hr bar, I didn’t traded at any other time of the day, I went to play some video games after placing the orders.
I didn’t manage to scan properly all 13 pairs that I have, only a handful, my friend was pestering me to start the game.

Eurusd trade and nzdusd trade, respectively. I attached H1 charts each, so its easier to see.
I can close these 2 trades now, but I’ll let them run and hit tp or breakeven.
If I close them 2 manually now(which is bad), I would be at 3.5% increase today

eurusd9112012.jpg700×445 62.3 KB


nzdusd9112012.jpg700×461 56.5 KB

44

For an 18 year old you already know a lot of stuff. :slight_smile:

Do you explain The SL and TP placing in your manual? Sorry for asking but haven’t had time to read it with full atention.

Onde again, thanks for sharing your ideas.

45

Yep, I do share the SL and TP methods in the manual.
They also depend based on the market situation, which is also taught how in the manual.
A different market situation would use a different method, each one is taught in the guide/manual.

Nasdin

46

Thank you for sharing your nice system.
My question is, on page 12 of the pdf manual. After drawing the vertical line, one must add 3:45 to the parameters. Can you please develop more on that? Why you specifically add 3:45. I presume the vertical line is to go down from H4 to H1 and so on
to look for time frame agreement. Is that right?
As I read the manual I will be asking you more questions if you don’t mind. :slight_smile:
Thank You Much!!

47

Hi nasdin94 thanks for sharing your system, I know you said you have been trading for 4 years, but how long have you been making 2% daily?
And please change your settings so you can activate private message

48

Got a nice surprise today, from the AudUsd long rally
I traded at the 4hr bar today, then I spent the rest of the day playing skyrim.

Audusd.jpg700×481 47.7 KB


I got out 6 % from this trade.
I’ve already shifted my SL up, perhaps I should close the trade now, it’s at the TP location.

49

Hello bcarbon, yes we’re adding 3:45
3 hours and 45 minutes

The purpose of this is so that we can look at the last candlestick before the 4hr close.
Okay, let me give you an example.

The 4pm 4hr candlestick closes and a new one opens(its 8pm now)
So, in the 1hr chart, the last bar before the 8pm candle is the 7pm candlestick.
In the 30 min chart, the last bar before the 8pm candle is the 7.30 pm candlestick
In 15 min chart, the last bar before the 8pm is the 7:45pm candlestick

So now we have 7:45pm - 4pm = 3Hours 45 minutes, which is why we add 3hours and 45 minutes

Here’s an example, in this case, we would have missed the trade on this pair at this current candle, but you can still trade the next candle after it, which tells you to buy.

Candlestick 1.jpg700×487 53.8 KB

Candlestick 2.jpg700×474 49.9 KB

Candlestick 3.jpg700×483 54.4 KB

H1 chart
Candlestick 4.jpg700×476 49.7 KB

M15 chart
Candlestick 5.jpg700×665 63.4 KB


I can’t upload the 30min chart cause babypips doesnt allow me to, maximum 5 attachments only.
However, the 30 chart has the vertical line at the correct place.

It’s just an easy way of finding the candlesticks and saving a lot of time as you’ve already had the vertical line drawn at the candlestick that you need to look at.

Now, if only theres a nice programmer out there who could program a custom indicator to check the candlesticks for us, whether its bull or bear, or whether it has wicks as the majority.

Cheers,
Nasdin

50

2%?
Hmm, probably during the periods where I finally stopped losing money?
A year? Maybe.
I remembered being stuck in breakeven for quite awhile. So I’m still quite new into the profitable zone, probably around a year into being profitable.

If I were to put myself into the 5 stages of a profitable trader,
Read about it here: The 5 Stages of a Trader
I’m in between stage 4 and stage 5, I’m not really fully automated yet, sometimes I might bend some rules around, which always leads to disaster, but I think I’m getting a bit more control into my emotions now.

Nasdin.

53

Thanks. Wonderful explanation. :57:

54

Hi Nasdin - Looks most interesting and I like the quoted returns.
On page 3 of your pdf summary of the system and just above the word “criteria” you show what some may call a form of “heatmap” which seems to be indicating the strongest pairs. What is it ? On what basis does it work and can I get a copy ?
Thanks and regards,
AltosT

55

Hey nasdin I didn’t mean anything by that first post lol u didn’t have to change your avatar. Are u using a live account? I’m guessing your dads?

56

Oh no, It’s okay, I figured out that I would look arrogant having a troll face and 300k cash spread out on a bed as my avatar . I mean, other people are struggling into this, and it wasn’t morally right to smack people on their face and say “Hey! I’m earning more than you!”

I recently moved to my own live account, no longer using my dads cum relatives. The former had 700k in it. Now I’m just using my own savings to trade, which is pretty minute as compared to the former, since I don’t have a job and I’m just a student, but still beats working in McDonalds.

Nasdin

57

It’s just to show the pairs that I trade this strategy with.
You can trade other pairs too, but I’m not sure whether they will work just as well.
But price action can be applied to other markets as well, so it should be fine.

Nasdin

EURUSD
USDJPY
AUDJPY
AUDUSD
CADJPY
CHFJPY
EURAUD
EURGBP
EURJPY
GBPUSD
NZDUSD
USDCAD
USDCHF

58

Hey mate,
Thanks for all the info so far! I must admit I’m still a bit confused reading the document… I keep going back to it as a reference for help.
Here are my questions…

TRENDING
1 - For trending: you take trades in direction of the trend. I assume it must be bouncing off an EMA (is that on either 1 and 4 hr charts?) UNLESS there is a CCI pattern? - Do you need BOTH Divergence/Hidden divergence in our favor PLUS oversold/undersold PLUS compression?

2 - Do the 4H, 1H, 30m, 15m all have to have the same bullish/bearish pattern with all the WPR’s in the safe zone for a trade or is it just the candle action?

3- As i check other pairs after say another 30 min, can I still take trades? If so do I just look at the most current candles and see if they all line up as above? So do you keep waiting until all of this lines up AFTER the 4 hr close?

4- Is it only the Doji’s etc that make you take the CCI into account when taking a trade or do you check with it for all candles before a trade (ie oversold/undersold)

5- For the advanced entry, you show the fib line over the bear candle. I assume at this point in time (but possible 15 min after the 4hr candle?) all the charts lined up, WPR was good but CCI was diverging against you so you draw fib from low of candle to high of candle. You then entered the trade at the high of the bull doji? (page 16 of word doc)

6- Are the Take profit and stop loss fib lines all done from the 1hr chart? This includes drawing fibs during the trailing stop phase.

7- When you say “trailing stop” do you set it to auto, or are you “trailing” via the original TP fib levels and manually moving it?

RANGING MARKET
8- Stop loss : can you elaborate

CONSOLIDATION
Entry: “use the candlestick method in trending” - is that the 3 pips above / below the high / low on 1H candle?

MOST IMPORTANT
Check the R:R ratio. I assume you have a spreadsheet for this? What do you do if the R:R ratio is not good? Can you wait around on the 30m/15m chart and wait for them the line up for a better entry? or do you just wait for another 4 hrs?

At the end you say “criteria has to be met on both 1H, 4H charts”. Is that for all strategies? I thought for trending we needed to check the 30m and 15m?

Sorry for the noobness… I’m going to try and give it a real hot go but these questions seem to be confusing me.

Thanks heaps,
Mudbloodz

59

Hi Mudbloodz,

I will answer [B]all[/B] your questions as best as I can and will also do some partitioning on those questions.
Each question I will try to answer individually with detailed elaborations and explanations as best as possible on separate posts.

Stay tuned
Nasdin94

60

Direction of Trades in Trending

TrenddownusdjpyH4.jpg700×640 71.1 KB

When the trend is down, it doesn’t matter whether they have to be bouncing off an EMA, you can trade regardless whether its bouncing off an EMA or not.
In this case, you can make a sell just because the trend is down( but do watch out for WPR filters)

However, you cannot take buy candlestick signals UNLESS the green part of the CCI is more oversold than the red part of the CCI, in which I have labeled a hidden divergence with the CCI pattern.

Not only do you need the green CCI to be more oversold than the red, but you also need EITHER divergence AND/OR CCI compressing at the -90 to -150 region, just any part of it compressing and within that area is fine, even if it is a slight touch.

Divergence includes hidden and normal divergence

However, the CCI green more oversold than the red pattern is a compulsory pattern. It helps to judge that the trend has became significantly weaker and is towards bullish and hence you can take counter trend signals.

Here’s another example of a downtrend.

CCI compressing buy.jpg700×501 53.9 KB

If it is an uptrend, the signals would just be reversed, it would be green CCI more overbought than the red, and it would be 90 to 150 region.

Hope this helps,
Nasdin

I will make another reply in 6pm +8gmt

61

18 years old controlling 700k :jawdrop: lol way to go man. Is ur dad as successful as you? You have a great story lol.

62

Oh no, I dont have 700k.

I only have a small account now, but at least what I’m earning is mine now.

63

Yes, all the timeframes need to have the same candlestick signals, meaning that each timeframe must say bull, before there is a bull signal.
Each timeframe must say bear for a bear signal.

Also, there are also such things as inverse candlesticks, it is where you get a doji, an almost-pin bar or a spinning top.
Basically, they are bars where the wick size are much greater than the candle body size.
In this case, sometimes they candle might be a bullish, but it is actually a bearish signal, the trick is to look at volumes and if there is nothing much on volumes, then you have to look at the CCI bias.


This is an image of the possible bullish pin bars and almost pin bar
The almost pin bars are bearish ( but they are actually a bullish signal), you can verify whether it was a valid bullish signal through volumes and/or CCI, however, if not present, then its a bearish signal.

As for WPR being in the safezone, we are only concerned at looking at H1 and H4, the rest not included.
i.e If WPR is not in the safezone for buy in H1, and we received a buy signal, then, we are not able to take the buy trade then

Nasdin