Is This My Holy Grail EA :D

Quoting nanningbob

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Very good question. Because of the volatility of the week I was closing twice a day and keeping the Euro, jpy sessions separate from the USA session. Basically dividing the trading day in half. I feel my EA can safely handle 350-400 pip range before i am in real trouble. So if I divide really volatile days in half I can cover safely some of these 5-600 pip moves that happened during the week. That strategy seemed to work real well.

Ok honesty here. In reality this was the first week I have ever had to handle volatility on this level. It took a quick adjustment on my part and i took my best guess. My best guess seemed to work and that was to divide the trading day in half and keep the two major sessions traded separately. I think this would have solved the problem you presented and it was how i handled all these steep currency moves. I think practically every currency had moves that put them in the top five moves for the last 7 years. So if you could safely trade this week successfully you could trade any market.

So I hope you understand that this was my first experience in dealing with the market like this and that was my solution. I obviously would admit that the idea I presented is not a time tested solution but one that did work this week. It does mean there were several sessions i took losses but the over all the effect was always I kept my account intact and over the week I made a nice profit. That is always the goal of trading my system to survive the big moves with minimum loss and then when things go well keep the profits. Preservation of your original capital is the key. So if that meant Wednesday you needed to take a loss before it got bigger that is what you should do. Definitely if you are deep in the hole by the USA session you need to find that bounce that gets you out. For me other currencies made enough profit to negate most if not all the loss from that trade.

Excellent question.

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Quoting masa

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.................................................................................
Hi Bob:
Thank you for your reply and explanations of new strategy in high volatility day.
I agree that divided trade into two sessions decrease risk. The shorter the Ea runs, the less the Ea gets trouble.
I hope that the new strategy become applicable in general by further experiments.
Concerning new strategy, I have some request and question.
1. The upper picture you attached in the #906 is the result of two session’s trade, new strategy. The bottom picture is that of no dividing session’s trade. I guess you have the third picture, which is the result of your normal trade style, closing all currencies before 11 pm. I would like to see the picture of result.

I dont know if I ended up doing my regular. The two close per day was doing so well I dropped the USA vs jpy eur comparison and I had trouble getting the USA only session working. The demo on that account wont take the update and wont work without it.
2. Could you attach the “Detailed Statements” of the upper picture? That will help to understand the new strategy.

OK I will try, get to that later.
3. When you trade in the second session, US session, do you watch the monitor and close currencies manually? Or you let the Ea run free when you are sleeping?

No I am sleeping, if the strategy worked during this last weeks wild ride I figure it could survive anything. That is my thinking as I go live. I was suppose to go live this week but my deposit got sent to banking never never land. I hope to make that deposit this week now.

Thank you in advance

Good Trade Winds
Masa

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Quoting dmitry_dos

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Bob, what does "nanning" mean? Is it part of your name or something in Chinese? If you don't mind sharing, that is...

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Quoting FrostCall

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nanningbob: Great shot of a death trade. I would post the one that made me freak out last week, but I had wipe my virtual machine and start fresh. Luckily, my broker kept all of my stats, but the trade points on the charts are gone. Anyway, I had a trade in the EURUSD that went WAY outside the red line. That's what happens when you leave an EA running as you go to work for 10 hours. When I got home, my first reaction was to attempt to make up the difference manually. I then zoomed out a bit and took a look at my fib lines on the 15min, 1h and 4h charts and realized that it was actually testing a boundary, so I let the EA continue. Once it reached that boundary, it bounced back up with a vengeance and the EA did it's thing and covered all of my losses. Again, a danger of letting an EA run unattended. This is how I will continue to play, it's my own slight mod of your system (and a dangerous one at that). I like to play with a bit of fire at the risk of getting burned (but I still watch my fibo's )

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Quoting dmitry_dos

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Bob, what does "nanning" mean? Is it part of your name or something in Chinese? If you don't mind sharing, that is...

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Quoting xirtam

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Hi Everyone,

Firstly I'd just like to Thank Bob for sharing and developing his sytem. I've been following this thread for a short amount of time, 3 weeks or so, but I've tried to read every post in these 60 pages before I posted anything here.

I've been trying to demo the EA's developed by Bob but I've got an issue running one.
The EA in question is ''1D 1H 1W 100-40.ex4'' It seems to freeze my MT4 platform when I load it. My belief is that it maybe something connected with the recent MT4 Build 218 update. I've seen these updates have effects on EA's and indicators like this before.

Bob could you post the ''mq4'' source code file of the ''1D 1H 1W 100-40'' EA, so I can try to compile it on my platform, with the new Build to see if this helps. I've searched the thread but can only find the ''.ex4'' file. Any help would be appriecated, and thanks once again for sharing this with us

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Quoting dawveed

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Hi there traders.
First of all i have to say thank you to nanningbob for sharing his EA.

Well, although i've been reviewing you posts and backtesting your EA until now I post to ask you a question.
I am trying the 1w 1d 1h EA on EURUSD H1, it shows me good results but and the end of the backtest the balances gets in a huge drawdown remaining almost 0. I can see also that these isnt a Stop Loss in any of the operations
Is there some recommended settings to adjust the parameters of the EA to make it more relatively stable?
I am tryng this:
1w 1d 1h EA
100+40 1D .01
100+40 1D .05
100+40 1D .10

Thanks..

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Quoting dmitry_dos

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Quick question guys,

the EAs with 100+40 1D are for 1 day time frames?

What about the EAs like 100+40 1W 1d 1h? What time frames are best for those?

Thanks guys

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Quoting dawveed

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Hi there traders.
First of all i have to say thank you to nanningbob for sharing his EA.

Well, although i've been reviewing you posts and backtesting your EA until now I post to ask you a question.
I am trying the 1w 1d 1h EA on EURUSD H1, it shows me good results but and the end of the backtest the balances gets in a huge drawdown remaining almost 0. I can see also that these isnt a Stop Loss in any of the operations
Is there some recommended settings to adjust the parameters of the EA to make it more relatively stable?
I am tryng this:
1w 1d 1h EA
100+40 1D .01
100+40 1D .05
100+40 1D .10

Thanks..

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Quoting dmitry_dos

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Quick question guys,

the EAs with 100+40 1D are for 1 day time frames?

What about the EAs like 100+40 1W 1d 1h? What time frames are best for those?

Thanks guys

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Quoting joeTrue

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hi bob,

I only started the EA last wed.
Was in the situation as you stated in post 918.
Did not take note of the timing but I think I started the EA at a later time
It went 8 levels deep, but i keep it there and it ride out near the end of the day.

2nd though, if I am on live, don't think i will let it run so deep.
Most likely i will get out at B as you have stated and take the loss

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Quoting FrostCall

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I have not looked over the code yet, but I'm pretty sure that it's also hard coded on the 1D chart. It doesn't matter which chart you put the EA on, it will always use the 1D. The 100/40 1W 1D 1H just waits until all of the stoch signals on those 3 charts are good until it makes a trade versus just waiting for the 1 like the 1D. From my testing, it makes fewer trades but seems to make just slightly 'smarter' trades.

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Quoting dmitry_dos

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Thank you Frost.

Regards,

Dmitry

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