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100 x 80 EA oh boy

  • #21
  • Oct 31, 2008 4:34am Oct 31, 2008 4:34am
I closed down for the week. I never like being in the USA session on Friday, I dont want to be forced into the weekend holding onto trades. Two reasons:
1. If you have a bad USA session it kind of puts a damper on a good week.
2. Gaps in prices over the weekend are uncontrollable and can mess up the reentrance matrix of the EA.

I closed my two day test on my EA and it has done very well. Increased my account 5.7%. That is a two day profit of trading pennies of $170.43. Not bad. I also think at this point I could trade .02-.03 on 3000 or trade .01 on 1000 to 1500 but it really takes several weeks of testing to see that. Anyway here is my chart.

You may ask why the sudden jump in the chart. Well it works like this as the market goes in one direction it keeps making these 1 level profits so you get this nice smooth line going up at a steady angle. Then when the market reverses and the 2-5 level trades hit profit the account takes a big leap. At that point you close your trades for the day and that is where you see the slow slope back down. I restarted the EA and it started its slow slope back up again and when I saw a small profit for Friday I took it and was done for the week. This is the type of account action you will see with this EA.
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  • #22
  • Oct 31, 2008 8:11am Oct 31, 2008 8:11am
Hi Nanningbob,

Many thanks for sharing. There are not a huge amount of posts but that is because we are watching and learning.
  • #23
  • Oct 31, 2008 11:30am Oct 31, 2008 11:30am
Hi all.

Just thought I'd post a graph of my last 2 days using this EA. I have dropped the Eur/jpy just after the last little jump. I would rather have less in the bank than be constantly worrying that it might have gone berserk while I wasn't watching.

Using this demo account you have to trade 10 cents per pip so I just drop one place to get the figures as they would be live on 1 cent per pip trades. The results for the 2 days. First day 10 hours only. Second day right through the Asian session, reset near the start of the Euro session and closed out all a couple of hours into the US session. $221.00 trading 1cent per pip. This is an encouraging start.

The other interesting thing is that given the 10 cents per pip on this demo account the account deposit is effectively 300 dollars not 3000.

Have a good weekend

Rest up some

James
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  • #24
  • Oct 31, 2008 12:28pm Oct 31, 2008 12:28pm
Here's my first days results running this expert and trade strategy. +$144 with $28 margin required using default .01 lots on an IBFX mini demo account. There was no drawdown. Trades were opened a bit early at 23:00 GMT and closed about 14:00 GMT.

As a red-blooded male I usually find curves the most beautiful(!) but that straight, 30 degree line certainly puts a smile on my face. We'll have to wait for another shoe to drop in the financial markets to see how well this boat floats.

The small drop at the end of the day was closing out all trades with a small negative equity P/L.

Thanks for the new strategy Bob.
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  • #25
  • Nov 1, 2008 12:02am Nov 1, 2008 12:02am
Hi Bob
Firstly, thanks for all your hard work - and more to the point, for sharing it!
Also you make it so easy with templates and profiles all ready to go..... it's very much appreciated.

Attached is my graph - I opened around 8.00 GMT 30/10 and closed 18.30 GMT 31/10
The dip around order 53 was when I found my laptop had been hung for 2 hrs and had to restart..... I had to close all the trades as terminal wouldn't re-engage the EA - I probably had too many instances of terminal running at the same time.
The bobble around order 193 was when I manually closed AUDJPY it was at level 5 and had just failed to reach it's take profit by 2 pips and was heading back south fast, (I've seen the AJ make major one way traffic recently), so decided to close that down and also just to get the feel of taking manual control.

I had some largish drawdown with -140 open positions at one time and -60 at another (these were when I was monitoring the PC - there may have been others that I didn't see) - the graph doesn't show them....... is it only in backtesting that the equity line is also shown? I would like to be able to get a more accurate picture of what the position was throughout the run.

All the best
Jim

PS This demo was run on IBFX mini account - My live account is with Alpari UK and uses the 5th digit and each pip is approx £0.05 ($0.08) so I need to find a UK broker that offers mini's - any suggestions?
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #26
  • Nov 1, 2008 12:04am Nov 1, 2008 12:04am
here we go
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He has the right to criticize who has the heart to help. Abraham Lincoln
  • #27
  • Nov 1, 2008 1:24am Nov 1, 2008 1:24am
Thanks nanningbob for this EA.
My setup is ready I will start demo trading from Monday. Mine is not a IBFX platform and I want to know whether it will work alright because I see 'm' added to all pairs. Do I need to change anything?
"Put all your efforts in becoming effortless"
  • #28
  • Nov 1, 2008 1:54am Nov 1, 2008 1:54am
Bob,

Thank you, the EA & automated setup provided worked like a charm!!

Herewith my results for 30-31 Oct, IBFX mini, Open bal = $2000, closed all open trades at about 13h00 (GMT) yesterday manually, net profit $213. I will add the CloseAll script today. Setup ran uninterrupted, except for about 1.5 hrs on Thursday afternoon when my internet connection was down.

Suzette

P.S. This is my first attempt at attaching a file, hope I got it right.
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  • #29
  • Nov 1, 2008 7:51am Nov 1, 2008 7:51am
Quoting IamTHAT
Thanks nanningbob for this EA.
My setup is ready I will start demo trading from Monday. Mine is not a IBFX platform and I want to know whether it will work alright because I see 'm' added to all pairs. Do I need to change anything?
My profiles is set to an IBFX mini account. I dont know if that changes anything on other types or not since I have never tried on any other account. The only thing to do is run it on a demo and see what happens. You may have to make some adjustments or set up your own templates.
  • #30
  • Nov 1, 2008 9:45am Nov 1, 2008 9:45am
Hi Nanningbob,

Watching your posts with interest. Traded this type of method before; it always ended in tears--wiped account. Maybe you have solved how to make it work?

Good luck and thank you for your hard work and generosity.

gtrade.
  • #31
  • Nov 1, 2008 9:37pm Nov 1, 2008 9:37pm
Quoting gtrade
Hi Nanningbob,

Watching your posts with interest. Traded this type of method before; it always ended in tears--wiped account. Maybe you have solved how to make it work?

Good luck and thank you for your hard work and generosity.

gtrade.
As long as you stay in the range of the EA the system willwork. The other systems never had a big enough range or traded too large sums of money to work. Stick with pennies and dont let greed take over and it can work. If you treat it as a non get rich quick system, it is possible.
  • #32
  • Nov 3, 2008 12:52am Nov 3, 2008 12:52am
Quoting nanningbob
My profiles is set to an IBFX mini account. I dont know if that changes anything on other types or not since I have never tried on any other account. The only thing to do is run it on a demo and see what happens. You may have to make some adjustments or set up your own templates.
It won't run on other platforms. Profile did not open any chart. How do I alter the Profile?
"Put all your efforts in becoming effortless"
  • #33
  • Nov 3, 2008 2:15am Nov 3, 2008 2:15am
Quoting IamTHAT
It won't run on other platforms. Profile did not open any chart. How do I alter the Profile?
Actually it is set for Micro accounts. So if you have a standard or mini account it probably doesnt work. I will post new ones when I get home.
  • #34
  • Nov 3, 2008 3:32am Nov 3, 2008 3:32am
Quoting nanningbob
Actually it is set for Micro accounts. So if you have a standard or mini account it probably doesnt work. I will post new ones when I get home.
My problem is that charts do not open. Micro account problems comes after that I think, once EA starts. It has to do with 'm' at the end of each pair. I need to remove that in my Profile.

Thank you.
"Put all your efforts in becoming effortless"
  • #35
  • Nov 3, 2008 4:28am Nov 3, 2008 4:28am
Quoting IamTHAT
My problem is that charts do not open. Micro account problems comes after that I think, once EA starts. It has to do with 'm' at the end of each pair. I need to remove that in my Profile.

Thank you.
OK go to market watch, third button from left in the upper left, has a green up arrow and a red down arrow. This brings up all the currencies, (if it doesnt show all the curencies right click on it and click show all) drag the currency pair you want to the screen and that should open the chart for that pair. This is something that happens occasionally with MT4, dont know why but that is how they told me to handle a currency pair screen that would not show. I hope this solves the problem you are facing.
  • #36
  • Edited 11:12am Nov 3, 2008 5:13am | Edited 11:12am
Quoting nanningbob
OK go to market watch, third button from left in the upper left, has a green up arrow and a red down arrow. This brings up all the currencies, (if it doesnt show all the curencies right click on it and click show all) drag the currency pair you want to the screen and that should open the chart for that pair. This is something that happens occasionally with MT4, dont know why but that is how they told me to handle a currency pair screen that would not show. I hope this solves the problem you are facing.
That solved my problem actually! I have saved this profile now. Let us see how this EA performs now...But this microlot has to be entered individually for every pair? Doesn't matter, EA is up and working..

So far 1400 pips netted with a floating loss of -1200 pips. I could not keep system running for more than few hours due to power interruption. Using hedging pairs as you mentioned in other thread ( trader101 pairs) is an interesting possibility.
"Put all your efforts in becoming effortless"
  • #37
  • Nov 3, 2008 3:42pm Nov 3, 2008 3:42pm
Hi Nanningbob,

Did you trade Monday? I started a demo and I noticed on a $1,000 account it got up to about $1,007 but is now down to about $980.

I was wondering if you traded yesterday and how you went.
  • #38
  • Nov 3, 2008 4:40pm Nov 3, 2008 4:40pm
Quoting waltini1
Hi Nanningbob,

Did you trade Monday? I started a demo and I noticed on a $1,000 account it got up to about $1,007 but is now down to about $980.

I was wondering if you traded yesterday and how you went.
I took a beating on the GBP/USD but with my other ones being profitable I closed with a 70 dollar loss. So got out with some scratches. Will restart later today and see what happens. I am trading this live with a 500 dollar account. The GBP/USD is sitting at S2 and normally I would play that bounce but I cant be home to watch it so I closed and went to work.

I just saw GBP/USD break S2 so I am glad I got out, saved an extra 50 bucks.
  • #39
  • Edited 5:59pm Nov 3, 2008 5:40pm | Edited 5:59pm
Quoting nanningbob
I took a beating on the GBP/USD but with my other ones being profitable I closed with a 70 dollar loss. So got out with some scratches. Will restart later today and see what happens. I am trading this live with a 500 dollar account. The GBP/USD is sitting at S2 and normally I would play that bounce but I cant be home to watch it so I closed and went to work.

I just saw GBP/USD break S2 so I am glad I got out, saved an extra 50 bucks.

When did u start ur trade ? If u start @ GMT 0:00 , ur money will be positive. I think we should test this from the start of Asia session and end the trades whenever our target profit is reached. Also, only pick those pairs which has less spread and those which have average daily range of about 200 to 450 pips. For IBFX, maybe only trade those which has less than 6 pips spread.

nanningbob, did u take part in IBFX contest for this month ?
  • #40
  • Edited 6:17pm Nov 3, 2008 6:07pm | Edited 6:17pm
Let's see how it goes. Btw, GBPUSD gone out of control yesterday. It moves more than EURJPY. I excluded EURJPY and GBPUSD due to US president election today (Both have bad record of going out of control). AUD has interest rate decision today but i guess it will stay in 800 pips range so it's in my list
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