Forex Factory (https://www.forexfactory.com/)
-   Trading Systems (https://www.forexfactory.com/forum/71-trading-systems)
-   -   Nanningbob 4h trading system ver. 5.0 (https://www.forexfactory.com/thread/246113-nanningbob-4h-trading-system-ver-50)

nanningbob Jul 17, 2010 11:22am | Post# 1

Nanningbob 4h trading system ver. 5.0
 
4 Attachment(s)
How are people doing with this system after over a year. P. 265 posts 3969 to 3971 are a couple of testimonies. It takes time to learn but they found it worth it. Over 30,000 downloads and you dont have to pay a penny but you do have to practice and learn.

PAGE 50 POST 744 I GIVE MY 1 YEAR REPORT TRADING VERSIONS 1-5 FROM AUG. 16, 2009 TO AUG. 16, 2010.
10 WINNING MONTHS AND HAD 2 LOSING MONTHS TOTAL PIPS WON IN ONE YEAR = 19,276
AND THAT WAS POSTING EVERY TRADE BEFORE I TOOK THEM.

JULY 2010
ONLY 2 WEEKS TRADING THIS METHOD +2121 p.21 post #304
AUG 2010 + 4602 p. 89 post 1332

OK The first 3 sections of version 5 are ready. I have tried to make sure everything works but please demo the different sections to make sure they work properly with your broker. There are so many people to thank for getting us this far. I really don't know where to begin. It has been a group effort.

This is a complete system which will give you a trading plan. You will know what to do no matter what the market may do to you. As I have done in my previous thread I will post my trades everyday so you can follow along and learn the system through both good times and bad. Here it is version 5.0 the first 3 sections. Sections 4 and 5 will take another week or so to finish up.

I have decided to color code my updates so they are easier to find in the future. Updates will be in Deep Purple and other comments will be other colors. This will help you spot them quicker.

1. Version 5.2 has been added with all the current updates. All previous updates and versions have been removed. If I didnt make any changes I kept the 5.0 in the name. If the name has 5.2 that means it was updated. All EAs and MPTMs are Steve Hopwoods and replaced all the previous versions. I made detailed comments about the changes in the read first booklet. There are two sections A and B. Discussion of 5.2 will start on P. 23
2. Weekly currency fact sheet is now ready. Shows the percentage a currency will move in one week for 28 currency pairs. I have color coded them into 5 major groups and showed them in groups of 300, 600, 900, and 1200 pip moves in a week. I think this will help you see the different types of volatility in a currency group.
3. When to take profit is discussed p. 5 post 64
4. One traders story p. 5 post 73
5. P7 post 91 currency pair volatility groupings, which ones I trade and which ones I dont.
6. Marshy has donated a Simple Forex risk calculator. Hopefully this will help in determining your lot levels. I use ten cents per thousand or one penny per hundred. If you want to trade one dollar lots you need 10,000 in the bank.
7. pg10 posts 136-140 nice compliment and usage of #3EA 5.1
8. pg 43 and 44 there are several compliments from traders about the system.
9. #4 EA is better explained pg. 44 posts 647 and 648.
10. Margin and Take Profit is discussed P. 46 posts 667 and 668.
11. 5.3 updates is now ready for download, improvements are explained inside the folder. If you have a #7 EA that says 25.2.2 the update is 25.2.3 The coding is not different for entering trades but the comment section was wrong in the Sell EA. I have corrected it and now it also has the 200 pip line added when a trade is entered. So the correct #7 is the 25.2.3 not the 25.2.2 Sorry for the mistake. 26 people have downloaded that version. But the EA coding section has not changed so the EAs will both do the same thing but 25.2.2 has one missing feature that is all.
12. P. 264 posts 3946 and 3947 I explain how to undo a hedge. P. 267 posts 3991 and 3992 I help someone live with their hedge trade.
13. Added range of pairs, excel worksheet. This will give you an idea of how many pips a pair ranges since Oct. 2008 and April, 2009. The more volatile the bigger the number.
14. I upgraded my recovery system to 10.0 pages 274 to 275, posts 4107 to 4111.


5.2B.zip
5.2A.zip
5.3 UPDATES.zip
RANGES OF PAIRS.xls

nanningbob Jul 17, 2010 11:48am | Post# 2

1 Attachment(s)
aud/cad secondary trade for Monday. Showed where it was a primary trade last week.
Click to Enlarge

Name: aud cad secondary trade.gif
Size: 38 KB

nanningbob Jul 17, 2010 11:52am | Post# 3

1 Attachment(s)
EUR/AUD HUGGY trade. wait for separation from BB band before turning on #2 EA. A gap Monday could do it.
Click to Enlarge

Name: eur aud snuggy trade.gif
Size: 30 KB

nanningbob Jul 17, 2010 11:54am | Post# 4

1 Attachment(s)
Eur/GBP has separation from the BB so turned on the #2 EA
Click to Enlarge

Name: eur gbp #2 trade.gif
Size: 25 KB

nanningbob Jul 17, 2010 11:58am | Post# 5

1 Attachment(s)
Eur/usd bulge trade turned on #3 EA
Click to Enlarge

Name: eur usd bulge trade.gif
Size: 32 KB

nanningbob Jul 17, 2010 12:00pm | Post# 6

1 Attachment(s)
USD JPY bulge buy trade. Almost there or could use the #2 EA and enter now. I will see what the gaps do first.
Click to Enlarge

Name: usd jpy bulge buy.gif
Size: 29 KB

fx13 Jul 17, 2010 5:25pm | Post# 7

Looks intersting will digg this more.

13

nanningbob Jul 17, 2010 11:09pm | Post# 8

1 Attachment(s)
Here is a live NZD/USD recovery trade which I will close when the market opens. I was in HK so I left the trade run. You may ask how could i leave a trade run like this but I trade small enough lots that my account would never be in danger. Here is the first trade entrance. Price had pulled away from the upper BB band so I turned the EA on and it entered. This is my L1 trade. It is a secondary trade playing off of the primary trade of two weeks ago. Kind of a stretch but I took it. Looked good at the time especially with the spike. Price spikes often show price reversal but not all the time. This was one of those not all the time.
Click to Enlarge

Name: nzd usd #1.gif
Size: 40 KB

nanningbob Jul 17, 2010 11:16pm | Post# 9

1 Attachment(s)
Well the trade never did get into profit so I let it run and I have a 2nd entrance which the MPTM took a +10 on. Later it entered again and this time price had a nice run. My third trade is now +176 and my first trade is -51 pips for a total of +125 add the +10 from the 2nd trade for a total pip profit on this series of trades of +135. If you think in series of trades rather than the one in, one out of most systems you can turn a negative trade that went -252 pips in the hole into profitable or break evens. When a trade gets 150-250 in the hole I look for that 2nd entrance to get back to break even. Here is how this one panned out over a week's period of time. The whole trade sequence was actually a week and a half. Not a bad deal.

Each trade used a different EA. Each trade had its own Magic number and each trade had its own MPTM managing the trade. Both the blue and white lines are on the bottom so its a good time to close the trade. When the blue runs tight with the white line that indicates a strong move so you stay with the trade. If the white goes to the bottom but the blue does not then close when the white hits the bottom. The MPTM correctly closed the #2 trade because there was not strong move there.

To get the #1 EA to work again off of the BB bands I went into the EA and changed its magic number to 5. So the same EA can be used again if you change the Magic number. I did not use the MPTM because I wanted it to run. It did so I am happy. I did not look for my 2nd level reentry until that first trade is over 150 pips in the hole on slower currencies 2-250 on more volatile ones.
Click to Enlarge

Name: nzd usd recovery trade.gif
Size: 37 KB

BlackStack Jul 18, 2010 1:59am | Post# 10

Will you be doing hedging when you have a trade in the hole?

I was under the impression that only one EA could run on one chart at a time. Can more than one EA run at a time? How do you know if the first one is running if you add a second one? When I tried this once I see the first smiley face disappear and replaced with the name of the second EA installed.

nanningbob Jul 18, 2010 4:56am | Post# 11

Will you be doing hedging when you have a trade in the hole?

I was under the impression that only one EA could run on one chart at a time. Can more than one EA run at a time? How do you know if the first one is running if you add a second one? When I tried this once I see the first smiley face disappear and replaced with the name of the second EA installed.
You dont use a second EA until the first one is entered or you wish to change EAs because trade conditions have changed. Once the EA enters the trade it is done with its job. You manage the trade after that. I only use one EA at a time. Positions 2 and 3 new EAs were attached to the screen because the first EA didnt profit as expected.

nanningbob Jul 18, 2010 4:57am | Post# 12

At the present I do not hedge except in emergencies or I just found out a news story is going to go badly against me. Hedging is a tricky thing to undo.

nanningbob Jul 18, 2010 6:21am | Post# 13

I will use my previous format for trades and adjust over time with what will work best. I put possible trades and what EA I plan to use with them. You can pick and choose which ones you think you like best. Good luck.
RESULTS

Sells
aud/cad #1
eur/aud #2 when there is separation
eur/cad #2
eur/gbp #2
eur/nzd #2
eur/usd #3
usd/cad #2

Buys
gbp/jpy #1
usd/chf #1
usd/jpy #1
STILL IN OR REENTERD

TOTALS
total for day
for the week
for the month
Carry over

CURRENCIES AND OTHER INFO.

I am going to divide currencies into 4 groupings. Slow, medium, moderate volitility, extreme volitility. 2nd level reentry numbers are suggestions.

SLOW CURRENCY GROUP: 150 reentry

AUD/NZD, CHF/JPY, EUR/GBP, EUR/CHF, NZD/USD, USD/JPY, USD/SGD, USD/HKD

MEDIUM GROUP: 150-200 reentry

AUD/CAD, AUD/USD, EUR/CAD, EUR/USD, NZD/JPY, NZD/CHF, USD/CAD,

MODERATE VOLATILE GROUP. 200 reentry

AUD/CHF, AUD/JPY, EUR/AUD, EUR/JPY, GBP/USD, USD/CHF

VOLATILE (USE WITH CAUTION OR GO 250 OR 300 ON THE REENTRIES. 200+ reentry

GBP/CHF, GBP/JPY, EUR/NZD

DO NOT RECOMMEND LIST 300+ reentry

If you want practice with the 2.4.2 recovery system use the GBP/NZD. I have been using 300 pip reentries with the gbp/nzd successfully

GBP/NZD, GBP/AUD, GBP/CAD


__________________

Domanic Jul 18, 2010 9:28am | Post# 14

re: EA
 
Please pardon this new guy here. Does EA means robots? I've been trying to find the definition online just can't quite match with the search engine.

astral77 Jul 18, 2010 5:49pm | Post# 15

Please pardon this new guy here. Does EA means robots? I've been trying to find the definition online just can't quite match with the search engine.
Maybe for the sake of keeping this thread nice and tidy especially for new comers you should put a 1 vouch rule (Steve Hopwood style) to stop frivolous and silly questions. This person can not do a simple search and he wants to use this system!!!!!! searching for EA forex produces plenty of results, I just do not think Domanic is ready for this system, thread, forum and forex in general.

kind regards

nanningbob Jul 18, 2010 6:49pm | Post# 16

Please pardon this new guy here. Does EA means robots? I've been trying to find the definition online just can't quite match with the search engine.
EA stands for Expert Advisor sometimes referred to in slang as a robot. However, my system is not fully automated. You choose when to start the trade the EA only enters when certain conditions exist. You will need to demo for several months to understand the basics. Welcome to FOREX where everyone loses money until you learn how it works and then we still lose money. So demo and then get a penny account until you learn to trade. I know a guy who thought 13,000 dollars was enough to learn with. He is doing good and is now only 8000 in the hole. If he did pennies like I told him too he would only be 80 dollars in the hole. There are no shortcuts in learning this business. Lose with pennies win with dimes. If you trade with dollars or more you dont need FF.

laharjaya Jul 19, 2010 4:46am | Post# 17

sorry , i'm new here

Can we assume this symbol # refer to number EA

did u just running 1 EA per pair ?

nanningbob Jul 19, 2010 5:04am | Post# 18

sorry , i'm new here

Can we assume this symbol # refer to number EA

did u just running 1 EA per pair ?
To run more than one EA at one time you have to use more than one screen. So you would need two Eur/usd screens to have #1 EA on one and #2 EA on the other. I see no reason why anyone would want to do that though. My system is not designed to be having two trades close together like that.

astral77 Jul 19, 2010 11:53am | Post# 19

USING MPTM
 
HI BOB

I notice that you have kept refrences to MPTM (Multi Purpose Trade Manager) in Version 5 but you have not elaborated on its usage. For sake of new readers it may be agood idea to include a document in the use of MPTM with your system.

I notice that with the new EAs (Expert Advisers) for version 5, the previous feature of automatic trade reentry after closure is no longer in force. The reentry only happens if the conditions are satisfied once more.


Kind Regards

nanningbob Jul 19, 2010 7:17pm | Post# 20

HI BOB

I notice that you have kept refrences to MPTM (Multi Purpose Trade Manager) in Version 5 but you have not elaborated on its usage. For sake of new readers it may be agood idea to include a document in the use of MPTM with your system.

I notice that with the new EAs (Expert Advisers) for version 5, the previous feature of automatic trade reentry after closure is no longer in force. The reentry only happens if the conditions are satisfied once more.


Kind Regards
Reentry section is section 5 which I am working on since the rules will be different but you are correct the conditions must be met again and you need a certain amount of spread between positions based on volatility of the currency.

MPTM is going to become optional. Since I have switched to FXSol UK the minute I turn on the MPTM they will automatically hit the new SL/TP every time. I am guaranteed that if I set the +10 it will almost 100% of the time go get it. So for me I may decide not to use it. I am trying some new numbers, like 40/25 and ............. yup you got it they hit the +25. So I may go without it with this broker. I am better off letting hit a TP +40 rather than going with a +25. I dont want to miss the big moves when they happen so that is my dilemma with FXSol.

nanningbob Jul 19, 2010 7:33pm | Post# 21

OK lets play enter and play in the mud. Slow day. Per previous post thinking about the MPTM usage. USD/CAD interest rate change. I expect the CAD to increase in value with the planned change so want to play the CAD currencies that way.
RESULTS
eur/cad +25
usd/cad +25 twice
Sells
aud/cad #1 did not enter
eur/jpy #1

Buys
gbp/jpy #1 Did not enter switched to #3 EA
nzd/jpy #1
usd/chf #1 Did not enter switched EA off
usd/jpy #1 Did not enter switched to #3 EA
STILL IN OR REENTERD
eur/aud #2 -84
eur/cad #2 -8
eur/gbp #2 -60
eur/nzd #2 -160
eur/usd #3 -3
usd/cad #2 -37 (after hitting the mptm twice I manually entered this trade and turned the MPTM off.
TOTALS
total for day +75
for the week +75
for the month +75
Carry over -352

The info below is going to be changed but I still post this as a guide. Currency info is going to be based on the weekly instead of daily volatility. So it will change. Weekly volatility was added to post 1

CURRENCIES AND OTHER INFO.

I am going to divide currencies into 4 groupings. Slow, medium, moderate volitility, extreme volitility. 2nd level reentry numbers are suggestions.

SLOW CURRENCY GROUP: 150 reentry

AUD/NZD, CHF/JPY, EUR/GBP, EUR/CHF, NZD/USD, USD/JPY, USD/SGD, USD/HKD

MEDIUM GROUP: 150-200 reentry

AUD/CAD, AUD/USD, EUR/CAD, EUR/USD, NZD/JPY, NZD/CHF, USD/CAD,

MODERATE VOLATILE GROUP. 200 reentry

AUD/CHF, AUD/JPY, EUR/AUD, EUR/JPY, GBP/USD, USD/CHF

VOLATILE (USE WITH CAUTION OR GO 250 OR 300 ON THE REENTRIES. 200+ reentry

GBP/CHF, GBP/JPY, EUR/NZD

DO NOT RECOMMEND LIST 300+ reentry

If you want practice with the 2.4.2 recovery system use the GBP/NZD. I have been using 300 pip reentries with the gbp/nzd successfully

GBP/NZD, GBP/AUD, GBP/CAD


__________________
[/quote]

astral77 Jul 19, 2010 7:52pm | Post# 22

Reentry section is section 5 which I am working on... FXSol UK the minute I turn on the MPTM they will automatically hit the new SL/TP every time. I am guaranteed that if I set the +10 it will almost 100% of the time go get it...
As STEVE says CRIMINALS. There is consenous regarding SL hunting by criminal brokers. I used to love the way mptm used to harvest the pips especially in a ranging market (eg range of 40 pips, around 12 to 15 trades of 10 pip profit each). Look forward to your new ideas regarding reentry.

Kind regards

P.s. Does the SL hunting take place regardless of having set the "Hide Break Even Stop" feature of mptm to TRUE?

nanningbob Jul 19, 2010 7:55pm | Post# 23

ADD chf/jpy #1 buy I missed that one.

earthca Jul 20, 2010 10:45am | Post# 24

question on #3 EA
 
1 Attachment(s)
Bob, could you help to explain about and #3 inidicator and EA? I am wondering how the NBBulge Sell inidicator is derived. Is it just another BB with faster parameters?

I dont understand the entry of this #EA in attached chart. It does not seem like a entry near resistent level.

Click to Enlarge

Name: ea#3.gif
Size: 21 KB

astral77 Jul 20, 2010 11:18am | Post# 25

Bob, could you help to explain about and #3 inidicator and EA? I am wondering how the NBBulge Sell inidicator is derived. Is it just another BB with faster parameters?

I dont understand the entry of this #EA in attached chart. It does not seem like a entry near resistent level.

Attachment
Well spotted, We were just discussing this on the 4H thread. there seems to be a problem with the logic of the Bulge EA .

Kind Regards

nanningbob Jul 20, 2010 6:05pm | Post# 26

Discontinue using the Bulge EA. It is going to need a rewrite and reworking of the logic. I worked on it for about 2 hours last night and I have a working alternative. Want to test it for the day before posting it.

nanningbob Jul 20, 2010 6:32pm | Post# 27

Good day nice results. Closed a couple of trades too early could have hung in there on some of those CAD trades. I will fix the Bulge EA today, putting in carpet in my school this morning then have the afternoon free. I will take a 500 pip day any day.
RESULTS
gbp/jpy +26 Got a bad entrance off of the #3 EA but made a profit see previous post on the #3 EA
usd/jpy +23 (see note on gbp/jpy)
eur/aud #2 +121
eur/cad #2 +159
eur/gbp #2 +4
eur/nzd #2 +73
eur/usd #3 +72
usd/cad #2 +73
Sells
aud/jpy #1 (SEE PIC BELOW)
AUD/USD #1
eur/jpy #1
eur/usd #1

Buys
usd/chf #1


STILL IN OR NOT ENTERD

aud/cad #1 -18
chf/jpy did not enter
eur/jpy #1 did not enter
nzd/jpy #1 did not enter, turned off for now
usd/chf #1 Did not enter


TOTALS
total for day +551
for the week +626
for the month +626
Carry over -18

The info below is going to be changed but I still post this as a guide. Currency info is going to be based on the weekly instead of daily volatility. So it will change. Weekly volatility was added to post 1

CURRENCIES AND OTHER INFO.

I am going to divide currencies into 4 groupings. Slow, medium, moderate volitility, extreme volitility. 2nd level reentry numbers are suggestions.

SLOW CURRENCY GROUP: 150 reentry

AUD/NZD, CHF/JPY, EUR/GBP, EUR/CHF, NZD/USD, USD/JPY, USD/SGD, USD/HKD

MEDIUM GROUP: 150-200 reentry

AUD/CAD, AUD/USD, EUR/CAD, EUR/USD, NZD/JPY, NZD/CHF, USD/CAD,

MODERATE VOLATILE GROUP. 200 reentry

AUD/CHF, AUD/JPY, EUR/AUD, EUR/JPY, GBP/USD, USD/CHF

VOLATILE (USE WITH CAUTION OR GO 250 OR 300 ON THE REENTRIES. 200+ reentry

GBP/CHF, GBP/JPY, EUR/NZD

DO NOT RECOMMEND LIST 300+ reentry

If you want practice with the 2.4.2 recovery system use the GBP/NZD. I have been using 300 pip reentries with the gbp/nzd successfully

GBP/NZD, GBP/AUD, GBP/CAD


__________________

nanningbob Jul 20, 2010 6:34pm | Post# 28

1 Attachment(s)
Here is a pic of a secondary trade using the #1 EA. AUD/JPY trade.
Click to Enlarge

Name: aud jpy.gif
Size: 29 KB

nanningbob Jul 20, 2010 6:36pm | Post# 29

1 Attachment(s)
Here is pic showing a GBP/CHF trade. I am not taking it because the RWB lines are not matching up with the 6ths indicator and BB. They show sell and BB shows buy. Dont like these kind of mixed signals. This does show a breakout potential of some kind. Anyone want to guess which way, the BB bands are very narrow ?????
Click to Enlarge

Name: gbp chf.gif
Size: 26 KB

nanningbob Jul 20, 2010 6:45pm | Post# 30

1 Attachment(s)
This is kind of crazy but I put the #1 EA Sell on the gbp/usd just in case it does a spike to the BB. One chance in a million but someone has to win the lottery. Did I really make over 600 pips in two days with this system? I bet if I put a poll up I would get negative votes. LOL
Click to Enlarge

Name: gbp usd.gif
Size: 21 KB

nanningbob Jul 20, 2010 8:22pm | Post# 31

Scooby Doo gave this heads up:

Nothing todo with this system but.....be very carefull trading any system with real money going into Friday as Eurozone bank stress test data will be published. What the fcuk does that mean I here some asking....

It means everyone will find out how good/bad the levels of European bank debt is.

Every day we gamble (to some extent) but I think on Friday I will place some HUGE....HUGE....HUGE....HUGE....NO BIG....NO BIGGER trades.

Scoobs.

nanningbob Jul 20, 2010 8:26pm | Post# 32

Scooby Doo gave this heads up:

Nothing todo with this system but.....be very carefull trading any system with real money going into Friday as Eurozone bank stress test data will be published. What the fcuk does that mean I here some asking....

It means everyone will find out how good/bad the levels of European bank debt is.

Every day we gamble (to some extent) but I think on Friday I will place some HUGE....HUGE....HUGE....HUGE....NO BIG....NO BIGGER trades.

Scoobs.
Thanks for the heads up. I definitely wont be going long Euro thats for sure. I have read many articles of how some people are expecting the dollar and Euro to become equal 1:1 but then again I never trade those guys comments because it is usually the opposite and they are just trying to set up the rookies for a fall. Anyway will keep a wary eye out. Appreciate it very much when people bring up potential news that can really alter the markets.

astral77 Jul 20, 2010 9:00pm | Post# 33

OVER 500 pips in less than 48 hours, way to go version 5
 
1 Attachment(s)
Please find attached reults of my IBFX account for the last 2 days using version 5. for some reason with IBFX SWitch over to 5 digits everything has gone haywire with them. I could not get mt4 to produce a report so I just copied the screen and pasted it to a word document. As you can see, made just over $100 using between 10 to 20 cents per lot. Therefore, over 500 pips profit. The combination of BB and sixths indicator is just pure genius and if these results are not a one off, but a preview of things to come then we have very profitable days and months ahead of us.

I still have not adapted fully to the H4 trading mentality and as you can see by constantly moving the SL I use it as a method of TP. If some of these trades were allowed t run the profit would have been even larger.

We all owe a big thank you to BOB for all his hard work, his genius, his industry and his love of teaching. Please ensure you give this system 5 STAR rating if you agree with my analysis.

kind regards
results NB H4 Ver5 19 to 20 jul 2010.doc

laharjaya Jul 20, 2010 10:12pm | Post# 34

can we turn on ea before we get any signal ?

scottyds Jul 20, 2010 11:08pm | Post# 35

Thanks Nanningbob
 
1 Attachment(s)
Hi Nanningbob.

Thank you for the marvelous work in creating this system.

I studied forex trading for 4 Months, Demo traded for 2 Months with Moderate success, Paid $300.00 for a flaky system, Went live with a $300.00 in a US cents account and promptly lost a 3rd of my account in a day.

I stumbled on your system from Steve's MPTM thread and in 1 week of conservatively nervous trading I have recovered my account. The only loss was a 30c loss when I accidentally closed the trade. (too much whisky after a South African Braai (Barbecue))

You kind Sir are a true genius.

Attached is an excerpt from my trade log.
V5 Success.xls

nanningbob Jul 20, 2010 11:11pm | Post# 36

can we turn on ea before we get any signal ?
Yes, I did with the GBP/USD pic a couple of posts back and stated why I did it. The #1 EA will not enter a trade until price hits the line so the EA is safe until then, or should be (knock on wood). Sometimes you know a news story is going to go a certain way (or you think it will) so you turn on the EA to catch the move. If it doenst go the way you planned you are not in the trade. If it does BINGO.

laharjaya Jul 21, 2010 12:18am | Post# 37

nan

could we running #1ea sell and #1ea buy in one acc. for one pair in different chart.

nanningbob Jul 21, 2010 12:33am | Post# 38

nan

could we running #1ea sell and #1ea buy in one acc. for one pair in different chart.
Yes you can put the #1 buy and the #1 sell on one pair using two charts but if you want them both to work you must change the magic number on one of them to another number. For example one magic number could be 1 and the other be 11. If you dont have different Magic numbers the first one that enters will trade and the other EA wont work. This idea would work in ranging markets very well but in todays market of high volatility and news it would be difficult. If you just plan on using SL then you would be safe but you would have a problem with the EA reentering after a stop loss because it probably would still qualify as a trade. If you plan on multi level trading you are going to be on the wrong end of a long run sooner or later. If you added a MA cross off of the BB the idea probably would work better. I did this with the AUD/NZD pair successfully for a long time but after the OCT. 2008 the market has been just too news jumpy and made that type of trading difficult. You could read about this strategy on 'Trading the aud/nzd successfully' if you want to know more of this kind of trading.

laharjaya Jul 21, 2010 4:34am | Post# 39

sorry bob

i just want to clear about ur ea

from what u state above

that mean #ea2 and #ea3 also can running at same time with #ea1 in one acc. for 1 pair.

mistersimple Jul 21, 2010 4:45am | Post# 40

Yes you can .
u re incredible man!


coudl u pls explain in weekly facts the last column ..what is 2000-5 .... ?


© Forex Factory