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  • #421
  • Jul 21, 2008 4:33am Jul 21, 2008 4:33am
I have only posted the buy and sell EA. It was originally just one EA that did both. This works better so it is the one I am posting. Most of this thread is about developing this EA so it can get quite confusing for those who have not been following for a long time. So I have been talking about 2 different EA systems in this thread. The last 5 pages have been about the buy EA and the sell EA which solved that last problem we had been facing in Modified Martingale trading. Before that I was testing an EA that did both buy and sell. This works better because it doesnt use as much margin as the other EA did. The other EA worked also but it uses a lot more margin to trade with. I hope this clears up some of the confusion to the new people.
  • #422
  • Jul 21, 2008 4:48am Jul 21, 2008 4:48am
I don't undertsnd nanningbob...

the Buy & Sell EAs in your file are workable or not...I beleive they start the trade when the Stock crosses the MACD? thanks to confirm.

I'm on the juicy EURJPY..I was at +33 Pips...as I'm used to be a 30M or H1 trader, I'm not used to H4...now we are facing a large retracement -28 i.e. 61 PIPs...is it normal with H4?

dohemi


Quoting nanningbob
I have only posted the buy and sell EA. It was originally just one EA that did both. This works better so it is the one I am posting. Most of this thread is about developing this EA so it can get quite confusing for those who have not been following for a long time. So I have been talking about 2 different EA systems in this thread. The last 5 pages have been about the buy EA and the sell EA which solved that last problem we had been facing in Modified Martingale trading. Before that I was testing an EA that did both buy and sell. This works better because it doesnt use as much margin as the other EA did. The other EA worked also but it uses a lot more margin to trade with. I hope this clears up some of the confusion to the new people.
  • #423
  • Edited 11:54am Jul 21, 2008 5:16am | Edited 11:54am
Yes it is normal, to have a backup on price on a 4H chart. This EA can go almost 400 pips in reverse but it is not likely when in such extreme overbought/oversold area. It reenters every 40 pips for up to 8 levels or 320 pips. That is enough to handle almost any currency pair with this system.

Yes you have the right EAs in the post for the 4H system. The other EA which has never been posted follows the Daily trend. It has been talked about for a long time. You have to think of this thread as a 6 month discussion of how to use a martingale EA. The last 5 pages being the final solution to the many problems we have faced and tried to solve. However, I will refer to the other one since most of the posts before these involved that EA. The ones who have been following this thread understand what I am talking about. Ones who have just gotten on board can be confused when I talk about it.

The EA does not enter off a Sto cross but the MA cross on the main screen. The Sto/Mac is your decision maker on when to turn the EA on and when to take your final profit or loss. Then you need to turn the EA off until you are ready for the next trade signal.

4H trading is medium term trading. Some trades may profit the first day but many will take 1-3 days. The GBP/JPY was entered last thurs. but did not take profit until today. The GBP/CHF trade did a profit last Friday and again today. I have had two 100 pip profits on it on this run. I think there is more .

Yes I work in Nanning China. I have a school here.

I change the numbers posted here because the EA I posted in 414 uses 8 levels and I originally posted 6 levels. So I changed the numbers to reflect the EA. Someone quoted this post using the oldnumbers and I needed to correct it.
  • #424
  • Jul 21, 2008 7:01am Jul 21, 2008 7:01am
Ni hao ma from Aomen Bob...

I read all the thread since page ONE and recognized + appreciate all the work you did. For this main reason I'm strongly interrested by your additive work regarding the death trade.

I'm a 30 M trader since 5 years and want to jump to another category specially H4.

so, I will try to summarize...can you please confirm if I'm in correct or not.

1) The STOCHs are above 80. crossing down in the South in direction of the MACF histo. do I have to wait that the two STOCHs cross the MACD to put in action the EA sell or I put in action the EA Sell after STOCH crossing and the EA will put itself in action when the two STOCHs will cross the MACD?

2) today in the GBPJPY, Short conditions were correct regarding the STOCHs crossing and the MACD Histo, however fronting this important retracement..or Long continuation, do we need a SL?

3) do we need that 2 STOCHs (red+white) cross the MACD Hist (yellow)?

4) why in your new template the levels changed...it was 80 and 20, it's not 90 and 10?

Thanks again

dohemi



Quoting nanningbob
Yes it is normal, to have a backup on price on a 4H chart. This EA can go almost 300 pips in reverse but it is not likely when in such extreme overbought/oversold area. It reenters every 40 pips for up to 6 levels or 240 pips. That is enough to handle almost any currency pair with this system.

Yes you have the right EAs in the post for the 4H system. The other EA which has never been posted follows the Daily trend. It has been talked about for a long time. You have to think of this thread as a 6 month discussion of how to use a martingale EA. The last 5 pages being the final solution to the many problems we have faced and tried to solve. However, I will refer to the other one since most of the posts before these involved that EA. The ones who have been following this thread understand what I am talking about. Ones who have just gotten on board can be confused when I talk about it.

The EA does not enter off a Sto cross but the MA cross on the main screen. The Sto/Mac is your decision maker on when to turn the EA on and when to take your final profit or loss. Then you need to turn the EA off until you are ready for the next trade signal.

4H trading is medium term trading. Some trades may profit the first day but many will take 1-3 days. The GBP/JPY was entered last thurs. but did not take profit until today. The GBP/CHF trade did a profit last Friday and again today. I have had two 100 pip profits on it on this run. I think there is more .

Yes I work in Nanning China. I have a school here.
  • #425
  • Jul 21, 2008 7:45am Jul 21, 2008 7:45am
Hi Bob:
Do you use the same account for all the pairs that you trade?If you use diferents account how much have to have every account ? ($500 or $ 1000 etc)

Do you trade the 15 pairs that have choose frome IBFX?

Always use 100-40 in all the pairs?

Thank you

Ricardo
  • #426
  • Jul 21, 2008 7:47am Jul 21, 2008 7:47am
Do you know the Laguerre ? I'm pretty sure that it can avoid this kind of accident that we had to day. which was not a change in the trend but a retracement.

thanks to post me back your feeling

see attachment

dohemi


Quoting nanningbob
Yes it is normal, to have a backup on price on a 4H chart. This EA can go almost 300 pips in reverse but it is not likely when in such extreme overbought/oversold area. It reenters every 40 pips for up to 6 levels or 240 pips. That is enough to handle almost any currency pair with this system.

Yes you have the right EAs in the post for the 4H system. The other EA which has never been posted follows the Daily trend. It has been talked about for a long time. You have to think of this thread as a 6 month discussion of how to use a martingale EA. The last 5 pages being the final solution to the many problems we have faced and tried to solve. However, I will refer to the other one since most of the posts before these involved that EA. The ones who have been following this thread understand what I am talking about. Ones who have just gotten on board can be confused when I talk about it.

The EA does not enter off a Sto cross but the MA cross on the main screen. The Sto/Mac is your decision maker on when to turn the EA on and when to take your final profit or loss. Then you need to turn the EA off until you are ready for the next trade signal.

4H trading is medium term trading. Some trades may profit the first day but many will take 1-3 days. The GBP/JPY was entered last thurs. but did not take profit until today. The GBP/CHF trade did a profit last Friday and again today. I have had two 100 pip profits on it on this run. I think there is more .

Yes I work in Nanning China. I have a school here.
Attached Image (click to enlarge)
Click to Enlarge Name: 2008-07-21_204451.png Size: 67 KB
  • #427
  • Jul 21, 2008 8:00am Jul 21, 2008 8:00am
A good exemple of signal contradiction today on the GBPJPY which was Short with STOCHs + MACD Histo and was still Long with Laguerre 0.8 + 0.6

what is your feeling

dohemi

Quoting nanningbob
Yes it is normal, to have a backup on price on a 4H chart. This EA can go almost 300 pips in reverse but it is not likely when in such extreme overbought/oversold area. It reenters every 40 pips for up to 6 levels or 240 pips. That is enough to handle almost any currency pair with this system.

Yes you have the right EAs in the post for the 4H system. The other EA which has never been posted follows the Daily trend. It has been talked about for a long time. You have to think of this thread as a 6 month discussion of how to use a martingale EA. The last 5 pages being the final solution to the many problems we have faced and tried to solve. However, I will refer to the other one since most of the posts before these involved that EA. The ones who have been following this thread understand what I am talking about. Ones who have just gotten on board can be confused when I talk about it.

The EA does not enter off a Sto cross but the MA cross on the main screen. The Sto/Mac is your decision maker on when to turn the EA on and when to take your final profit or loss. Then you need to turn the EA off until you are ready for the next trade signal.

4H trading is medium term trading. Some trades may profit the first day but many will take 1-3 days. The GBP/JPY was entered last thurs. but did not take profit until today. The GBP/CHF trade did a profit last Friday and again today. I have had two 100 pip profits on it on this run. I think there is more .

Yes I work in Nanning China. I have a school here.
Attached Image (click to enlarge)
Click to Enlarge Name: 2008-07-21_205737.png Size: 58 KB
  • #428
  • Jul 21, 2008 9:53am Jul 21, 2008 9:53am
Hi Nanning Bob,

I was looking at your "7 year currency facts" excel sheet and had 2 questions.

1. The highest pip for lets say EUR/USD was 319, does that mean the pair moved 319 pips in one direction without retracement, or that the pair moved 319 pips for the day, but could of retraced 20, 30 pips?

2. What are the times you are calculating for a day that each pair moves the highest? From 0:00 GMT to 23:59 GMT?

Thanks again and great job on the thread.
  • #429
  • Jul 21, 2008 10:02am Jul 21, 2008 10:02am
Hi Bob:

Sometime the expert don´t work, inmediatly o take a long time to work. The expert have some indicator that don´t let work at any time?

How i can active the expert for work inmediatly?

Thank you Bob

Ricardo
  • #430
  • Jul 21, 2008 10:09am Jul 21, 2008 10:09am
Nanningbob,

Thanks for your work on this EA project. I noticed the templates you posted are requesting an indicator named 4H 1X2 cross which I don't have. Is it a relevant indicator or no longer used?
  • #431
  • Jul 21, 2008 10:57am Jul 21, 2008 10:57am
Quoting dohemi
Do you know the Laguerre ? I'm pretty sure that it can avoid this kind of accident that we had to day. which was not a change in the trend but a retracement.

thanks to post me back your feeling

see attachment

dohemi
I am just vaguely familiar with Laguerre. I followed a post for a while that used it on a five minute chart and was not too impressed. I had never studied it on a 4H chart. It looks like it gives a similiar signal. My system has a third line the white. My red and gold give a similiar viewpoint of your red and blue but not always.

When the white goes down and the red does not go with it, that is a signal that price is not changing direction but will continue with the trend. I can then decide to close for a loss or continue reentering trades and catching a retracement later. So that is a key to using my 3 line system. Also how closely the red and white run together gives you an idea of the strength of the move. The farther apart they are the weaker the run. From this information, I determine whether I stay in a trade or cut it short. Maybe your indicator can do that too but at first glance I dont see that. As long as price does not break the resistance line I will stay in. If it breaks the line then I will see how much room is left with my EA and make a choice.

The one thing you did not notice though is I took the 100 point profit when it retraced and am poised to do it again. When a currency double or triple tops or does a head and shoulders especially on the GBP/JPY and GBP/CHF I am banking the profits and reentering the trade. So far I have gotten one profit run and am set for the second on the GBP/JPY. On the GBP/CHF I got one on Friday, and so far one today and it is heading for a third. It is forming a triple top. So I like my odds. It is also at a major resistance point on both charts. If price goes above resistance then the resistance line will become support and I will profit when it comes back to support because of the reentry feature of a Modified Martingale. Does it look like the Laguerre would work with this. Without a deep study into it, it seems it would. If using this indicator gives you better understanding and you are comfortable with it and know how to read it better than what I show, that is great. Get a demo account and practice it. That is what I have done and am showing my results to whoever wants to see. I am glad you are contributing to this method. Remember these are test results and why I am using .01 trades. We are still proving the system but I am ready to go to bigger amounts and trades. This has been successful for quite a while now.
  • #432
  • Jul 21, 2008 11:02am Jul 21, 2008 11:02am
Quoting nvwine
Nanningbob,

Thanks for your work on this EA project. I noticed the templates you posted are requesting an indicator named 4H 1X2 cross which I don't have. Is it a relevant indicator or no longer used?
It is the one that posts the arrows. If you are not getting it on your screen, you may have posted it into the wrong folder. The 4H 1x2 cross should be in the indicator folder. You go to the experts folder and then the indicator folder and put it there. Double check and see if it is in the right folder. It is an indicator not an EA.
  • #433
  • Jul 21, 2008 11:08am Jul 21, 2008 11:08am
Quoting fotoposter1
Hi Bob:

Sometime the expert don´t work, inmediatly o take a long time to work. The expert have some indicator that don´t let work at any time?

How i can active the expert for work inmediatly?

Thank you Bob

Ricardo
When you drag the EA onto the screen you should check allow live trading. When you turn on the EA you will see a happy face in the upper right hand corner. If you see a sad face you did not check allow live trading. If you see an x in the upper right hand corner the EA is not on and you have to click the expert advisor button on the top. It will show a small green arrow on the button when it is on. It shows a small red button when it is off.

The expert comes on when the 1MA median crosses the MA 2 shift 1 open and the MA 2 shift 1 close. That is the entrance point. Median is the average of the high/low of that candle.
  • #434
  • Jul 21, 2008 11:17am Jul 21, 2008 11:17am
Quoting nanningbob
It is the one that posts the arrows. If you are not getting it on your screen, you may have posted it into the wrong folder. The 4H 1x2 cross should be in the indicator folder. You go to the experts folder and then the indicator folder and put it there. Double check and see if it is in the right folder. It is an indicator not an EA.
I do not see this indicator in either of the recent zip files. The file in post #414 only contains one indicator.
  • #435
  • Jul 21, 2008 11:32am Jul 21, 2008 11:32am
Quoting dohemi
Ni hao ma from Aomen Bob...

Wo hen hao, nin ne

I read all the thread since page ONE and recognized + appreciate all the work you did. For this main reason I'm strongly interrested by your additive work regarding the death trade.

I'm a 30 M trader since 5 years and want to jump to another category specially H4.

so, I will try to summarize...can you please confirm if I'm in correct or not.

1) The STOCHs are above 80. crossing down in the South in direction of the MACF histo. do I have to wait that the two STOCHs cross the MACD to put in action the EA sell or I put in action the EA Sell after STOCH crossing and the EA will put itself in action when the two STOCHs will cross the MACD?

THE EA IS BASED ON WHAT I CALL A MODIFIED MARTINGALE, SO YOU JUST WANT TO GET CLOSE TO THE CROSS. I LET THE EA ENTER AND CATCH THE BEST ENTRANCE POINT, SO WHEN I SEE ALL THESE LINES CONVERGING ABOVE THE 90 OR 10 LINES I AM READY TO TURN ON THE EA. THE EA ENTERS WHEN THE 1MA CROSSES THE 2MA. THE MACD LINE IS THE SIGNAL LINE AND NOT THE MAIN LINE. THIS ALLOWS THE STO TO RUN LONGER NORTH OR SOUTH OF IT. I ALSO WILL TURN IT ON WHEN IT APPROACHES MAJOR RESISTANCE OR SUPPORT LINES ON THE DAILY OR WEEKLY CHARTS. BUT I DONT TALK ABOUT THAT SO AS NOT TO CONFUSE NEWER TRADERS. IF YOU ARE AN EXPERIENCED TRADER I THINK YOU CAN UNDERSTAND WHY. SO YOU TURN ON THE EA BUT IT DOESNT ENTER UNTIL THE MA LINES CROSS. THIS KEEPS YOU FROM ENTERING TOO EARLY. YOU ALSO DONT HAVE TO BE AROUND TO TRADE.

2) today in the GBPJPY, Short conditions were correct regarding the STOCHs crossing and the MACD Histo, however fronting this important retracement..or Long continuation, do we need a SL?

I USE MANUAL STOP LOSSES. MY EA GOES 8 LEVELS DEEP OR 8X40=320 PIPS. IF PRICE GOES MORE THAN 360 PIPS AGAINST ME THEN I LOOK FOR AN EXIT. HOWEVER SINCE WE ARE ENTERING IN VERY EXTREME OVERBOUGHT/OVERSOLD TERRITORIES THE CHANCES OF IT DOING THAT WITHOUT A RETRACEMENT WOULD BE VERY RARE. ACCORDING TO MY STUDIES IT WOULD BE LESS THAN ONCE A YEAR. I FACED MY LAST DEATH TRADE LAST MAY. I CUT MY LOSS AT ABOUT 80 DOLLARS ON A PENNY TRADE AND MADE IT UP IN ABOUT 3 DAYS.

3) do we need that 2 STOCHs (red+white) cross the MACD Hist (yellow)? I TURN ON THE EA WHEN THEY GET CLOSE. I LET THE EA ENTER THE TRADE FOR ME. WHEN I MANUALLY TRADED THIS SYSTEM THOSE WERE MY RULES BUT NOW THE EA DOES IT FOR ME. SO WHEN THEY GET CLOSE I LET THE EA DETERMINE THE ENTRANCE.

4) why in your new template the levels changed...it was 80 and 20, it's not 90 and 10?

I AM USED TO USING 90 10 MORE THAN 80 20. JUST AN OLD HABIT OF MINE. DIDNT MEAN TO CONFUSE ANYONE. THE SAFEST TRADES ARE WHEN THEY ALL ARE ABOVE THE 90 OR BELOW 10 BUT THAT CUTS DOWN ON THE NUMBER OF TRADES EVERY WEEK.

AGAIN IF I SEE MAJOR RESISTANCE OR SUPPORT I WILL TRADE OFF OF THEM. THE GBP/JPY IS AT A MAJOR RESISTANCE LEVEL THAT HAS HELD FOR 2 YEARS NOW. GREAT TIME FOR A SELL TRADE AND HOLD ONTO IT FOR LONG TERM IF YOU ARE THAT TYPE OF TRADER.

Thanks again

dohemi
I MIXED MY ANSWERS IN WITH YOUR QUOTE
  • #436
  • Jul 21, 2008 11:42am Jul 21, 2008 11:42am
Quoting nvwine
I do not see this indicator in either of the recent zip files. The file in post #414 only contains one indicator.
It is called 1x2 no warning and belongs in your indicator folder. It is the only indicator. In post 414 there are 3 templates (goes into the first template folder) and the two EAs (goes in the experts folder). The indicator folder is inside the experts folder so the 1x2 goes there.
  • #437
  • Jul 21, 2008 11:52am Jul 21, 2008 11:52am
Quoting fotoposter1
Hi Bob:
Do you use the same account for all the pairs that you trade?If you use diferents account how much have to have every account ? ($500 or $ 1000 etc)

Do you trade the 15 pairs that have choose frome IBFX?

Always use 100-40 in all the pairs?

Thank you

Ricardo
I trade using IBFX. They have 19 pairs. I have tried trading all 19 but as I have said earlier. AUD/NZD has such a big spread and moves slowly. USD/CAD has periods it doesnt retrace, and the EUR/GBP is so slow and almost never hits the 100 TP so has to be manually closed.

I use the 100/40 on all pairs because these are the safest numbers. It was my only EA that survived the interest rate craziness from Feb to April on all pairs except the USD/CAD. I have successfully used a 25/10 on the CHF/JPY, EUR/CHF, EUR/GBP, but that would be more EAs to use and make mistakes with. The slower currencies I manually close and turn off the EA until the next signal. My last eur/gbp netted me 14 pips after 20 hours, so you may or may not think it is worth trading.
  • #438
  • Jul 21, 2008 12:09pm Jul 21, 2008 12:09pm
Quoting simple4x
Hi Nanning Bob,

I was looking at your "7 year currency facts" excel sheet and had 2 questions.

1. The highest pip for lets say EUR/USD was 319, does that mean the pair moved 319 pips in one direction without retracement, or that the pair moved 319 pips for the day, but could of retraced 20, 30 pips?

2. What are the times you are calculating for a day that each pair moves the highest? From 0:00 GMT to 23:59 GMT?

Thanks again and great job on the thread.
It means that the distance from the high to the low is 319 pips, there would have been retracements through out the day.

I use IBFX and I believe it is from 0000 gmt to 2359.

I got my calculations from using a daily chart and using the save as feature. It will save as an Excel spreadsheet. You can subtract the high from the low and put the results in order. Then study the results, how many days were above 300, 350 100 etc. I compiled the information and came up with my theory behind an EA range for martingale trading. If my EA can handle a 400 pip move in any one day. I can avoid the death trade. If I spot one forming, reaching levels 6,7, or 8. I need to pay close attention to the trade and see if I should take a loss before it gets out of hand. Only the Eur/aud, NZD/JPY, AUD/JPY, EUR/JPY have a chance of doing it once a year. The GBP/CHF maybe averages 3 or 4 times a year and the GBP/JPY 10 times a year. However, if you start in the over bought or over sold area with your trade that should take your chances to near 0%. That is the theory behind this.

I need to update the results because they do not contain the moves from this spring which were quite large at times.
  • #439
  • Jul 21, 2008 12:12pm Jul 21, 2008 12:12pm
Quoting nanningbob
It is called 1x2 no warning and belongs in your indicator folder. It is the only indicator. In post 414 there are 3 templates (goes into the first template folder) and the two EAs (goes in the experts folder). The indicator folder is inside the experts folder so the 1x2 goes there.
After your explanation it now works fine for me.
I don't think I ever properly conveyed my original point.
Your templates call for the indicator file 4H 1X2 cross and the zip file contains the indicator 1x2 no warning alert. So the indicator has to be re-named to work with the templates. Sorry for not clearly explaining my point.
  • #440
  • Jul 21, 2008 12:18pm Jul 21, 2008 12:18pm
Quoting fotoposter1
Hi Bob:
Do you use the same account for all the pairs that you trade?If you use diferents account how much have to have every account ? ($500 or $ 1000 etc)

Do you trade the 15 pairs that have choose frome IBFX?

Always use 100-40 in all the pairs?

Thank you

Ricardo
You may really find this hard to believe but I am trading 17 pairs on less than 100 dollars. I will post the results in the next day or two. I would not recommend it though because I can see things that someone starting out would not. I had originally figured you needed 1000 dollars to trade pennies and 3000 dollars to use .10. With this I dont know yet, havent been using it long enough. I will tell my story in a day or two after this last round of trades close and I will give a full report of trading live with this system.
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