100 x 80 EA oh boy | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Need explanation on Good boy EA 0 replies

Lazy Boy Day Chart Strategy 35 replies

blue boy system 35 replies

new boy 10 replies

Attachments: 100 x 80 EA oh boy
Exit Attachments

100 x 80 EA oh boy

  • #41
  • Nov 3, 2008 10:51pm Nov 3, 2008 10:51pm
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.
Do we need to close all our positions whenever we stop trading? Does this EA open new set of trades whenever start afresh? It looks like that.. How to avoid it. Though my trades are at a loss now, performance is not bad considering present condition and it could have positive if I avoided certain trades. Certainly we need to select pairs carefully.
"Put all your efforts in becoming effortless"
  • #42
  • Nov 3, 2008 11:24pm Nov 3, 2008 11:24pm
Quoting IamTHAT
Do we need to close all our positions whenever we stop trading? Does this EA open new set of trades whenever start afresh? It looks like that.. How to avoid it. Though my trades are at a loss now, performance is not bad considering present condition and it could have positive if I avoided certain trades. Certainly we need to select pairs carefully.
Yes we are in a testing phase of this program. One thing in forex trading is you will have losing days. But I have found out if you minimized losses the EAs are profitable. Right now we want to avoid pairs that are too volatile so that limits us to maybe a dozen that will work consistently. I dont like trading the full USA session and I like to be out before noon or before the USA session starts. I decided to let it run today and ended up with a total loss or -77 dollars. I could have closed before noon with a small profit. But then if I could predict the future I would be a trillionaire. The vast majority of days the vast majority of currency pairs will go to a high and then to a low or visa versa. You catch that move and close out it is profitable. If you hang on too long or the market only does one direction without a retrace somewhere (very rare) you can have a losing day. I hung on because I didnt like the small profit so I tried the afternoon session and got burned. Last week I did an afternoon session and made over 150 today I lost 77. So you take the good with the bad.
  • #43
  • Nov 4, 2008 12:15am Nov 4, 2008 12:15am
Bob,
I just sent you a PM for a filter for the EAto buy only sell only please see the PM and see if you can code it and Ill test it out

thanks

Let me know
M4X
M4X............ Hedging My Way To Profits!
  • #44
  • Edited 1:40am Nov 4, 2008 1:27am | Edited 1:40am
Quoting forexisfx
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
Still in trade. Sum of all trades for today +100 pips so far. EURJPY and GBPUSD seems to be in good shape for trading using this system. Too bad i didn't include them. Could have easily earn more than 100 pips if i include them.

It looks like if you start the trade around Asia open should be able to profit around London open. I also found out that this system trade well when there is News because it might help you to clear some of your position very fast. I wonder if this system will be good for NFP this Friday.
  • #45
  • Nov 4, 2008 1:41am Nov 4, 2008 1:41am
+/- all position, +200 pips now

Should i close ? I guess not, i am greedy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Example1.jpg Size: 74 KB
Click to Enlarge Name: Example2.jpg Size: 25 KB
  • #46
  • Nov 4, 2008 1:45am Nov 4, 2008 1:45am
Pictures speak many words
Attached Image (click to enlarge)
Click to Enlarge Name: 100x80_nanningbob_tatement.gif Size: 6 KB
  • #47
  • Nov 4, 2008 1:50am Nov 4, 2008 1:50am
Quoting shiva
Pictures speak many words
Very nice. How long u have been using this system ? Which pair are you trading ? What time do u start/close for the day ?

Thnx
  • #48
  • Nov 4, 2008 2:17am Nov 4, 2008 2:17am
Quoting forexisfx
Very nice.
How long u have been using this system ?
One day, found this thread yesterday.

Quoting forexisfx
Which pair are you trading ?
all 12 pairs as mentioned in post 1

Quoting forexisfx
What time do u start/close for the day ?
I start at 1 GMT close before end of trading day

Thnx[/quote]
  • #49
  • Nov 4, 2008 2:23am Nov 4, 2008 2:23am
your Performance report has more than 200 trades. Does it include other trades u are doing or only this sytem for today ? How many lot are u trading ?
  • #50
  • Nov 4, 2008 4:10am Nov 4, 2008 4:10am
Quoting forexisfx
your Performance report has more than 200 trades. Does it include other trades u are doing or only this sytem for today ? How many lot are u trading ?
I suggest you read the first few posts.
  • #51
  • Nov 4, 2008 4:12am Nov 4, 2008 4:12am
Quoting shiva
I suggest you read the first few posts.
So u just use the default of everything i guess. I though u would have change things a bit here and there to suit ur needs
  • #52
  • Edited 4:25am Nov 4, 2008 4:15am | Edited 4:25am
Close all my trade. +300 pips for today. I am using IBFXmini. Only trading 6 pairs. Started all my trade on GMT+0 0:00

EURUSD
EURCHF
USDCHF
USDJPY
USDCAD
AUDUSD

Using micro lot.

Position size 0.01 lot for 1 pip = 1 cent.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
Click to Enlarge Name: Example1.jpg Size: 121 KB
  • #53
  • Nov 4, 2008 4:28am Nov 4, 2008 4:28am
Changed nothing as this is the first time i am testing this, may be after a week of testing I will see if a change is required

Quoting forexisfx
So u just use the default of everything i guess. I though u would have change things a bit here and there to suit ur needs
  • #54
  • Nov 4, 2008 5:51am Nov 4, 2008 5:51am
Quoting forexisfx
So u just use the default of everything i guess. I though u would have change things a bit here and there to suit ur needs
What needs to be changed or monitored ? How are you managing money management setting?
"Put all your efforts in becoming effortless"
  • #55
  • Nov 4, 2008 6:56am Nov 4, 2008 6:56am
Quoting IamTHAT
What needs to be changed or monitored ? How are you managing money management setting?
All the setting i am using is default setting.

The thing i look out for is the pair to trade and the time to start the trade. I think it's importance that you start your trade around Asia open. Becoz it's rare that all the session will travel in a straight line without 100 pips retrenchment.
  • #56
  • Nov 4, 2008 2:19pm Nov 4, 2008 2:19pm
Quoting TakeItEasy
Bob,

I don't agree with the 825 S/L, because if the EA can trade till 10 levels, this means it will cover 100x9=900 pips range, so, a S/L less than 900 pips don't make sense, it should be, even if it's an \\"emergency\\" S/L, at least, let me say, 950 pips.

[font=Times New Roman][size=3]If you set an emergenxy S/L of 825 pips, what is the sense to have an EA that can trade 10 levels (=900 pips range)?! The last 10th level, if you leave this 825 pips S/L unchanged, could be quietly cut off, because the price will hit the S/L at 825 pips BEFORE that 10th level at 900, or, better, the price will NEVER trade...
Are these the ones to change , Look at the picture
Barry
Attached Image
  • #57
  • Nov 4, 2008 4:07pm Nov 4, 2008 4:07pm
Quoting bvincent
Are these the ones to change , Look at the picture
Barry
Yes, those are the ones to change.

And don't forget to also change the s/l from 825 to 900.

Take
  • #58
  • Nov 4, 2008 9:25pm Nov 4, 2008 9:25pm
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.
Ok it took me less than 24 hours to recover from the Gbp/usd trade, then the eur/usd decided to test my patience but it retraced for a profit so I am up for the week. I am trying this live with 500 dollars and using the 10 slowest pairs. I dropped gbp/usd because of only using 500. So will get back with you all later.
  • #59
  • Nov 5, 2008 12:19am Nov 5, 2008 12:19am
Quoting nanningbob
Ok it took me less than 24 hours to recover from the Gbp/usd trade, then the eur/usd decided to test my patience but it retraced for a profit so I am up for the week. I am trying this live with 500 dollars and using the 10 slowest pairs. I dropped gbp/usd because of only using 500. So will get back with you all later.
Have you tried any other settings for TP and using a trailing SL. Is there any basis for TP of 100?
"Put all your efforts in becoming effortless"
  • #60
  • Nov 5, 2008 1:28am Nov 5, 2008 1:28am
i think the current configuration is good. I'm up 600 pips about an hour ago. Yesterday was up 300 pips.
0 traders viewing now