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100 x 80 EA oh boy

  • #101
  • Nov 6, 2008 5:13pm Nov 6, 2008 5:13pm
This is the first friday of the month and end of the week. It is not good to hang onto trades over the weekend and putting your self in a hole. I have all my trades closed out by the start of the USA session every Friday.
  • #102
  • Nov 6, 2008 6:26pm Nov 6, 2008 6:26pm
Hi Bob
I'm using an Alpari account and it won't load charts with an "m" at the end i.e.EURUSDm.
Is there any way I can remove the "m" from the chart name or do you have a profiles folder without them please?
Many thanks
John
  • #103
  • Nov 6, 2008 6:52pm Nov 6, 2008 6:52pm
Hi Bob
Don't worry I found the answer in one of the other posts. Sorry I should have read them all first.
System now up and running OK.
I'll keep you informed.
many thanks
John
  • #104
  • Nov 6, 2008 10:31pm Nov 6, 2008 10:31pm
Quoting forexisfx
According to my own experience, i pick the following pair for $500 dollars account.

1. EURUSD
2. EURCHF
3. USDCHF
4. USDCAD
5. USDJPY
6. AUDUSD

What's the max mini lot i can go ? I was thinking of 0.05 lot. What's in ur mind when u come out with the number ? Maybe can make it into a formula and calculate the lot.
nanningbob, I wanted to add 2 more currency pair to my trades but I don't know which one to add. Please advice which 2 pairs should I add in order to make my list more balance. I'm more of a less risky person. My account size will be 500

Thnx.
  • #105
  • Nov 7, 2008 3:17am Nov 7, 2008 3:17am
Pairs: audjpy, gbpusd, usdchf, audusd, eurjpy, usdjpy, eurusd, usdcad.
Rest all defaults.

Closing everything before NFP typhoon hits me
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #106
  • Nov 7, 2008 3:24am Nov 7, 2008 3:24am
Quoting shiva
Pairs: audjpy, gbpusd, usdchf, audusd, eurjpy, usdjpy, eurusd, usdcad.
Rest all defaults.

Closing everything before NFP typhoon hits me
Hi Shiva,

if you test this system, you will notice that it will profit most from highly volatile hours. The only exception was last Tuesday, the 4th, when most currencies went straight up.

Test it in demo during the NFP. You might easily double your account if you start as little as 0.04-0.05 lots!

Personally I am using almost 15 pairs and the results are excellent
  • #107
  • Nov 7, 2008 3:32am Nov 7, 2008 3:32am
Quoting Hermes69
Hi Shiva,

if you test this system, you will notice that it will profit most from highly volatile hours. The only exception was last Tuesday, the 4th, when most currencies went straight up.

Test it in demo during the NFP. You might easily double your account if you start as little as 0.04-0.05 lots!

Personally I am using almost 15 pairs and the results are excellent
....quote: on an account I am testing 19 pairs...on another 24 pairs: Excellent results!
  • #108
  • Nov 7, 2008 3:34am Nov 7, 2008 3:34am
Quoting forexisfx
nanningbob, I wanted to add 2 more currency pair to my trades but I don't know which one to add. Please advice which 2 pairs should I add in order to make my list more balance. I'm more of a less risky person. My account size will be 500

Thnx.
I dont like the USD/CAD because it really only trades in one session. Also when USA Fundamentals are strong it will squash the CAD and it wont retrace. The Aud sometimes will have the same problem but because it has its own session outside the USA session it has a better chance of retracing.

When I publish my 7 year currency facts you will be able to determine better currency pair combos.
  • #109
  • Nov 7, 2008 4:43am Nov 7, 2008 4:43am
Quoting Hermes69
....quote: on an account I am testing 19 pairs...on another 24 pairs: Excellent results!
Hey Hermes, its good that you want to test the limits of this EA, but why test conditions that will probably never be used in live?

Average non-fulltime traders' accoutns will never be able to handle drawdowns with 24 pairs.
YET, what you are doing with 19/24 pairs is of some merit as this will demostrate the EA's resilience.

Also, when I had initially used the 12 paits presets attached by NanningBob, my platform froze, I think I may need a pc from alienware for this lol

Good luck!
  • #110
  • Nov 7, 2008 4:54am Nov 7, 2008 4:54am
Quoting shiva
Hey Hermes, its good that you want to test the limits of this EA, but why test conditions that will probably never be used in live?

Average non-fulltime traders' accoutns will never be able to handle drawdowns with 24 pairs.
YET, what you are doing with 19/24 pairs is of some merit as this will demostrate the EA's resilience.

Also, when I had initially used the 12 paits presets attached by NanningBob, my platform froze, I think I may need a pc from alienware for this lol

Good luck!

Hi Shiva,

actually, I run almost 3 Meta platforms with this system and my system does not freeze at all.

As I told you earlier, I am testing thys system and, in my humble opinion, the more pairs you trade, the safer and quicker money you earn.

You have only to be careful about the Money Management. With a 0.05 max initial lot, I've had so far only a margin of max 2,000 USD on one platform and of max 1,000 USD on another platform.

Be aware: only a major and very unpredictable event can destroy your account with this system. But if this happens, any trading method will be jeopardized. So I try the safe play, and this one is the best method I have ever used so far.

Enjoy your trade!
  • #111
  • Edited 5:11am Nov 7, 2008 4:54am | Edited 5:11am
Quoting shiva
Pairs: audjpy, gbpusd, usdchf, audusd, eurjpy, usdjpy, eurusd, usdcad.
Rest all defaults.

Closing everything before NFP typhoon hits me
Nice. I don't do so well with my pairs. Now only at break even. My pair just move too slow for good profit. Ur list is high risk high profit i guess.

I gonna keep my trades for NFP, since my pairs are slow, what could possibly happen ?
Quoting nanningbob

When I publish my 7 year currency facts you will be able to determine better currency pair combos.
Thank you. Hope to read it soon.
  • #112
  • Nov 7, 2008 6:19am Nov 7, 2008 6:19am
I'm sorry I have come in on this thread a bit late but I am tiring to set the 100 x 80EA but I can not find the TP.
Regards
  • #113
  • Nov 7, 2008 6:41am Nov 7, 2008 6:41am
Quoting shiva
Hey Hermes, its good that you want to test the limits of this EA, but why test conditions that will probably never be used in live?

Average non-fulltime traders' accoutns will never be able to handle drawdowns with 24 pairs.
YET, what you are doing with 19/24 pairs is of some merit as this will demostrate the EA's resilience.

Also, when I had initially used the 12 paits presets attached by NanningBob, my platform froze, I think I may need a pc from alienware for this lol

Good luck!
If you have trouble with MT4 freezing or slow startups and closes you need to go to your first Log folder and delete all the logs. MT4 logs all your actions every day and after awhile it clogs up the program. So every month or so I go in and delete them all out. Again it is your logs folder.

If you have done a lot of backtesting this also clogs up the program. Go to the Tester folder and delete the inside of the history folder and inside the log folder. You will notice your MT4 work much faster, quicker and smoother after you do this.
  • #114
  • Nov 7, 2008 7:00am Nov 7, 2008 7:00am
I will post two pics. The first is my demo of the 100x80, I tended to let this run to see what happens. It was pretty much a wash because I hung in too long most days. I traded these pairs aud/jpy, aud/usd, AUD/CAD, AUD/NZD, CHF/JPY, EUR/CHF, NZD/JPY, USD/CHF, USD/JPY, and the eur/usd and gbp/usd. I used .01 lots. You will see in my next pic better results. I used less volatile pairs and a higher lot size. The currencies in caps I also used in my live account.

The second is the same system and currencies but I traded live with 500 dollars. I increased it $169.31 a 34% increase. I will take that % any time even though that may not seem like much money. I was conservative with my approach. I took my profits and closed down for the day or closed and reentered the market if I didnt see major news stories.

I traded the AUD/CAD, AUD/NZD, CHF/JPY, EUR/CHF, NZD/JPY, USD/CHF, USD/JPY

I started the week also using the gbp/usd and eur/usd but because of volatility and interest rate change news I dropped them after Tuesday. With the above pairs on Thursday I switched to .05 a trade from .01 I have noticed over the years that the day or two before the NFP report they are very quiet so I felt the risk was worth it. You can see where I took the GBP/USD loss on Monday and then you can see the jump in profits when I switched to .05 for thurs and friday.

Of this group of pairs, only the Eur/usd and gbp/usd went beyond 4 levels deep during the week. The other pairs were well within the safe zone. So instead of increasing risk by using more volatile pairs I decide to up the ante with the lots. I will use .05 or more this next week and change the program to go only 4 or 5 levels deep. This way I can reduce my risk and maybe increase my profits. I will be able to make better decisions after I study the data and update my 7 year currency report.

The first pic is my demo account the second pic is my live account using the 100/80.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 100x80.gif Size: 5 KB
Click to Enlarge Name: 100x80 LIVE.gif Size: 5 KB
  • #115
  • Nov 7, 2008 7:16am Nov 7, 2008 7:16am
Quoting nanningbob
I will post two pics. The first is my demo of the 100x80, I tended to let this run to see what happens. It was pretty much a wash because I hung in too long most days. I traded these pairs aud/jpy, aud/usd, AUD/CAD, AUD/NZD, CHF/JPY, EUR/CHF, NZD/JPY, USD/CHF, USD/JPY, and the eur/usd and gbp/usd. I used .01 lots. You will see in my next pic better results. I used less volatile pairs and a higher lot size. The currencies in caps I also used in my live account.

The second is the same system and currencies but I traded live with 500 dollars. I increased it $169.31 a 34% increase. I will take that % any time even though that may not seem like much money. I was conservative with my approach. I...
I think if the system were to take the less risky pairs, instead of 100/80 it should change to something smaller since they don't move 100 pips as often. I think EURGBP could be included as well if the system change to trade less risky pairs.

I like the idea of trading the less risky pair and increasing the lot size. Hope to see the changes and the 7 years currency facts really soon.
  • #116
  • Nov 7, 2008 7:18am Nov 7, 2008 7:18am
Quoting Hermes69
....quote: on an account I am testing 19 pairs...on another 24 pairs: Excellent results!
Actually I like trading this way also, but there is so much volatility right now it can be dangerous. However, I really learned how forex really worked by watching price action and results by using 15-19 pairs at once. It is where I got my theories from. Every currency will make a certain move just like any other currency; it just may do it once a year where another will do it once a week or month. After seeing all the possible moves I came up with my theories of trading currency ranges rather than indicators, news, or whatever. I recommend everyone who is serious about trading currency ranges do this and blow up a bunch of demo accounts. You will learn more about forex trading and price action than any book or system. You also will learn more about my 100x80 and its pitfalls and weaknesses this way. What can it really do and what can it take? I once had a currency do a death trade and went over 2500 pips beyond the range of the EA. The other 18 currencies were making so much profit that they actually offset the loss of the one trade. I had a demo account of 3000 and the bad trade went over 8000 in the hole but the other currencies made over 7000 in profit. After 3 weeks I gave up and closed for an 800 dollars loss, but it was fun following it. It proved to me that my theories worked. If I close out a bad trade the other currencies will make up for the loss. Those 3 weeks taught me the value of taking the hit and going on. Try trading 19 currencies and have fun with it. I guarantee you will learn a lot.
  • #117
  • Nov 7, 2008 7:54am Nov 7, 2008 7:54am
Another good night.

Showed a gross of just under 1200 pips with a net after close out of 685 pips profit for the session.
Ran the ea from 0000 gmt to 1151 gmt.

True to form the gbpusd was giving me a hard time (just as Bob mentioned it might) and I closed out when I got the chance on a retracement of the pair.

I am looking forward Bob to your report and to fine tuning which pairs will be best suited to this approach.

So far over 3 nights (I'm in U.S. central time zone) I have had good returns each night. Basically each evening I have started the EA then gone to bed shortly thereafter. I get up sometime around 5 a.m. (cst) and look things over and so far have been able to close out each session at a nice profit.

I have at times manually closed trades that are in profit. If I see a trade with +100's that is nearing its TP area and running out of gas I will look at the chart & decide if I think the trade has probability of hitting TP or if reversal is likely and might close out a trade early. So far about 2 or 3 trades a session have been closed this way.

I'm wondering has anyone had a losing session?
I do remember Bob saying he ran into a bad session with the GBP , anyone else?

here is info from last night.
NZDCHF / EURJPY / EURUSD / GBPUSD / USDJPY / USDCHF / AUDCAD / AUDCHF /
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
  • #118
  • Nov 7, 2008 3:37pm Nov 7, 2008 3:37pm
Quoting forexisfx
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.
Qusestion When at the London open do I close all postions and turn off the expert and wait untail GMT 0 to turn back on the expert?
Attached is my 3 day running 24 hours a day, I had computer outages for the missing trades.
Barry
Attached Image (click to enlarge)
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  • #119
  • Nov 7, 2008 4:08pm Nov 7, 2008 4:08pm
Quoting bvincent
Qusestion When at the London open do I close all postions and turn off the expert and wait untail GMT 0 to turn back on the expert?
Attached is my 3 day running 24 hours a day, I had computer outages for the missing trades.
Barry
Barry , I think things are in the testing phase at the moment. Bob the originator suggest opening around the Asian open and closing out before U.S. open or at least by noon (1200 EST ) . However the EA has only been in operation for the past week so no one has enough trading days with it to set down many verifiable parameters yet.
If you could read all of nanningbobs post and then share what you are doing and results, that would probably be to everyones benefit.

Bob does explain why he prefers to close out everything daily so you might want to check it out.
But hey as it is a demo (for most) might as well try what you think will work.
  • #120
  • Nov 8, 2008 3:15am Nov 8, 2008 3:15am
Thanks Bob, just one question, if i delete the files under the testerhistory and testerfiles, will I lose my tick data?

Quoting nanningbob
If you have trouble with MT4 freezing or slow startups and closes you need to go to your first Log folder and delete all the logs. MT4 logs all your actions every day and after awhile it clogs up the program. So every month or so I go in and delete them all out. Again it is your logs folder.

If you have done a lot of backtesting this also clogs up the program. Go to the Tester folder and delete the inside of the history folder and inside the log folder. You will notice your MT4 work much faster, quicker and smoother after you do this.
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