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Is This My Holy Grail EA :D

  • #1,601
  • Nov 6, 2008 4:57pm Nov 6, 2008 4:57pm
Quoting nanningbob
Here is the same setup I use on my live account. Put Both templates in the first template folder. I use the blank templates on currencies that are not between the white lines. I change this when they meet that qualification. Put close all in script folder. Put 100-40 EA in experts folder. Put PB autopivots in indicators folder. Put 100 40 folder in the profile folder and you should be ready to go. The profile includes the 8 currencies I trade with at this time. You will be using the same screen I use.
Hi Bob

More one time, thank you for all.
I got this message when the asset EA:
“ORDER TELAH DI TUTUP KERANA MASA TAMAT. UNTUNG: 0 EKUITI: 1604.03”
Sorry but what´s this?
Regards
  • #1,602
  • Nov 6, 2008 5:17pm Nov 6, 2008 5:17pm
Quoting PipFalcon
Hi Bob

More one time, thank you for all.
I got this message when the asset EA:
“ORDER TELAH DI TUTUP KERANA MASA TAMAT. UNTUNG: 0 EKUITI: 1604.03”
Sorry but what´s this?
Regards

"ORDER HAS IN CLOSE END AS TIME. PROFIT: 0 EQUITY: 1604.03"


Amy
  • #1,603
  • Nov 6, 2008 5:45pm Nov 6, 2008 5:45pm
Quoting alexw
"ORDER HAS IN CLOSE END AS TIME. PROFIT: 0 EQUITY: 1604.03"


Amy


Tks alexw
  • #1,604
  • Nov 6, 2008 9:14pm Nov 6, 2008 9:14pm
Remember not to carry your trades into the weekend. Big G8 meeting. I usually close before the USA session.
  • #1,605
  • Nov 7, 2008 7:30am Nov 7, 2008 7:30am
The 100x25 errrrrrrr x30 .05 lots had a bumpy week but it did increase the account by 500 dollars. I did not test the 100/40 this week. I know what it can do but it needs a quieter market.
Attached Image (click to enlarge)
Click to Enlarge Name: 100x25 .05.gif Size: 5 KB
  • #1,606
  • Nov 8, 2008 2:43pm Nov 8, 2008 2:43pm
Quoting nanningbob
The 100x25 errrrrrrr x30 .05 lots had a bumpy week but it did increase the account by 500 dollars. I did not test the 100/40 this week. I know what it can do but it needs a quieter market.
You mentioned the 100/40. I had another good week trading the 100/40 EUR/USD exclusively. I'm trading pennies with max. levels at 15. Have grown account by $237 in two weeks trading from Sunday night to Thursday with no shutdown through the week. Have gone a max. of 10 levels deep over that period. I'm planning on going live with this strategy in January.
  • #1,607
  • Nov 9, 2008 2:29am Nov 9, 2008 2:29am
Here are my 7 year currency facts update Nov. 9, 2008. I also sorted the information in to several groups so it is easier to study the information. There are 11 columns. This should help you better determine which pairs to use.

Column 1 has the currency pairs
Column 2 has the total days of information used. For instance the AUD/CAD has 1845 days. Divide that by 6 gives you 307.5 weeks, divide that by 52 gives you information for the last 8.6 years. The AUD/CHF has 93 days or 15 weeks. It is a new pair for IBFX so the data information is for a very small period of time.
Column 3 is the highest day recorded for that pair. The record holder is the eur/aud at 2117 2nd is NZD/USD at 2043 etc. yet the NZD/USD has only gone over 500 pips in one day only twice the other was 1700 something. YIKES try to determine if you want to use that one.

Columns 4-11 are how many times a pair went over 200, 250, 300 etc. in one day. If you look there are some empty boxes, that means there were no moves registered in that range. For instance the NZD/USD shows 4 times going over 400 and 2 over 700. What that means is of those 4 moves over 400, 2 went over 700 pips and the other two were between 4-500 pips in one day.

The USD/CAD shows 5 moves over 400, 2 were over 600, 1 was between 6-700 and the other more than 700. That would mean the remaning 3 were between 4-500. Hope that is understandable.

I then arranged the information according to alphabetical order, highest days ever, according to 250 pips, 400 pips, and 600 pips. For this EA you want to know how many times a currency will go over 600 pips in the last 7 years. You want to stay away from ones that go over the 600 pip range and try to trade ones that dont. Tough decisions are made on NZD/USD which is perfect except for 2 days. The problem with NZD, AUD pairs are those aren't price movements they are sudden spikes. The brokers blame the banks and the banks are silent. GBP/JPY are price movements. So have fun and good luck.

The information I gleamed from these sheets is what I use to determine my ranges and philosophy of range trading. It was a nice simple system until the last 3 weeks. Most pairs had never moved more than 3-500 pips until recently, now its a nightmare. The gbp/usd used to be perfect for this systetm with its biggest move being under 500 pips in one day. Now its highest day is 986 and has gone over 500 9 times. Times have changed.
Attached File(s)
File Type: zip 7 YEAR CURRENCY FACTS 11-09-2008 ver2.zip   16 KB | 526 downloads
  • #1,608
  • Nov 9, 2008 2:39am Nov 9, 2008 2:39am
Quoting Toothman
You mentioned the 100/40. I had another good week trading the 100/40 EUR/USD exclusively. I'm trading pennies with max. levels at 15. Have grown account by $237 in two weeks trading from Sunday night to Thursday with no shutdown through the week. Have gone a max. of 10 levels deep over that period. I'm planning on going live with this strategy in January.
Yes it still works but I cant do 15 levels with 500 dollars and I dont want to go 2000 and 15 levels. I am comfortable with the loss ratio of 8 levels. I know I can increase levels and lessen my chances of a death trade but if you ever have one, the damage will be severe. I also am gone all day so I cant monitor the trades. It would be different if I could pop in and watch the trades every hour or so but I am gone 10-12 hours some days and have to rely on currencies that wont go out of range. Good luck.

According to my 7 year currency facts, the EUR/USD, USD/CHF, EUR/CHF, CHF/JPY, NZD/USD (EXCEPT FOR THE 1 SPIKE), AUD/NZD and the USD/JPY have all seemed to behave themselves and may make a good list to work from. Those 7 maybe the best to use right now.
  • #1,609
  • Nov 9, 2008 2:44am Nov 9, 2008 2:44am
I am having a lot of success not trading the major move areas of a currency. For instance I stay out of the AUD NZD open sessions 18 GMT to 23 GMT with AUD/NZD pair and am doing very well all the other times. The EUR/CAD does well if I stay out of the entire USA session. The USD/JPY I stay out of the USA session. I have been profitable all week doing that. I am beginning to carve out a profitable niche trading these areas. I will look at the EUR/USD more closely. I got burned badly on the GBP/USD Monday so I dropped the Eur/Usd since it acts like its twin sister. You know you study and understand the markets and eventually you can come up with some winning combos. Thanks.
  • #1,610
  • Nov 9, 2008 6:33am Nov 9, 2008 6:33am
Quoting nanningbob
Yes it still works but I cant do 15 levels with 500 dollars and I dont want to go 2000 and 15 levels. I am comfortable with the loss ratio of 8 levels. I know I can increase levels and lessen my chances of a death trade but if you ever have one, the damage will be severe. I also am gone all day so I cant monitor the trades. It would be different if I could pop in and watch the trades every hour or so but I am gone 10-12 hours some days and have to rely on currencies that wont go out of range. Good luck.

According to my 7 year currency facts, the EUR/USD, USD/CHF, EUR/CHF, CHF/JPY, NZD/USD (EXCEPT FOR THE 1 SPIKE), AUD/NZD and the USD/JPY have all seemed to behave themselves and may make a good...
I'm still trying to figure out whether the EUR/USD has ever moved more than 600 pips (15 levels) without a 100 pip retrace. I know there is a first time for everything. Your 7 year currency facts show it's never moved that far in one day (and I appreciate the work you've done with that) but there may have been a time when it moved 600+ over a period of several days. I realize this strategy of not shutting down during the week may be inviting a death trade eventually. But I'm thinking with this pair, odds are you could double your money in an account ,set that money aside and trade with free money from that point on. As you build additional $3000 accounts, set aside more accounts than you have at risk. Example, you build to (3) $3000 accounts, you reserve 2 and only trade 1. I'm not advising anyone to try this. Your strategy of multi-pairs and freqent shutdown is probably less risky.
  • #1,611
  • Nov 9, 2008 6:53am Nov 9, 2008 6:53am
Quoting Toothman
I'm still trying to figure out whether the EUR/USD has ever moved more than 600 pips (15 levels) without a 100 pip retrace. I know there is a first time for everything. Your 7 year currency facts show it's never moved that far in one day (and I appreciate the work you've done with that) but there may have been a time when it moved 600+ over a period of several days. I realize this strategy of not shutting down during the week may be inviting a death trade eventually. But I'm thinking with this pair, odds are you could double your money in an account ,set that money aside and trade with free money from that point on. As you build additional $3000 accounts, set aside more accounts than you have...
Until recently I would say you had an excellent chance of a 100 every 600 but in todays market, I am not sure of anything being true anymore. It used to be the Euro traded 75-150 pips a day. Which means you had 4 days or more to get a retracement. That was almost a given, a very sure thing. But now .................. I mean the GBP/USD doubled its previous high so you can assume if conditions are right any currency can. Trading 1 currency is doable but philosophically I like seeing other currencies covering up another currency's bad day. Sooner or later the Eur/usd will have a bad day and it will take several days to recover. Also if other currencies are doing good you are more liking to click out of a bad trade rather than hanging on hoping it turns around. That is why I dont like trading one currency with a system like this but there are guys who report every once in a while they are doing good with a currency. I have another EA I designed to work with the AUD/NZD. It works great and keeps making 25-50 bucks every day. Nothing spectacular but its nice. So I do trade one currency at times.
  • #1,612
  • Nov 9, 2008 7:02am Nov 9, 2008 7:02am
Well, I am in 164 place of 754 in the IBFX contest. Got clobbered out of the box by the GBP/USD and then traded too long one day when I was up 200 bucks, greed got me again. I let the Eur/Cad clobber me. I would have been in the top 20 if I had not done that. Still am up 70 bucks for the week, not that exciting. So week 2 see what happens.
  • #1,613
  • Edited 7:20am Nov 9, 2008 7:07am | Edited 7:20am
Quoting nanningbob
Yes it still works but I cant do 15 levels with 500 dollars and I dont want to go 2000 and 15 levels. I am comfortable with the loss ratio of 8 levels. I know I can increase levels and lessen my chances of a death trade but if you ever have one, the damage will be severe. I also am gone all day so I cant monitor the trades. It would be different if I could pop in and watch the trades every hour or so but I am gone 10-12 hours some days and have to rely on currencies that wont go out of range. Good luck.

According to my 7 year currency facts, the EUR/USD, USD/CHF, EUR/CHF, CHF/JPY, NZD/USD (EXCEPT FOR THE 1 SPIKE), AUD/NZD and the USD/JPY have all seemed to behave themselves and may make a...
What kind of things would you look for/look out for if you were able to sit at the computer and babysit the trades? I'm just curious as what sort of things you look out for that might be pre-death trade situations or times where you decide it is better to just stay out?

Edit: You kind of answered my question in the 100x80 thread, but if there is anything else you would like to add I'm all ears.
  • #1,614
  • Nov 9, 2008 7:33am Nov 9, 2008 7:33am
Quoting Verto
What kind of things would you look for/look out for if you were able to sit at the computer and babysit the trades? I'm just curious as what sort of things you look out for that might be pre-death trade situations or times where you decide it is better to just stay out?

Edit: You kind of answered my question in the 100x80 thread, but if there is anything else you would like to add I'm all ears.

I think its just experience. I have been playing with this idea of trading ranges for 10 months now and I will look at a chart and say ahhhhhhhh that doesnt look right. The 100x80 is really designed though so you dont have to think much. I mean it will really take a lot for a currency to move over 800 pips. We are talking Major, Major story here. So if you hear of major interest rate changes, bailout plans, or GM files bankruptcy, you should know enough about trading the market to just stay out that day. If you are reading charts the only thing I use is support and resistance lines. I have attached my PB autopivots. I think I have this in my original package. Put this in your indicators folder and use it. I use a very simple method of entering between the white lines and really watching it when it goes outside the green lines. When it gets to the pink lines R2/S2 I begin planning an exit strategy. However, I use this with my other trading EAs and not much with this. Maybe I will think up some lines that would work with this based on my experience and see what I come up with. The 100/80 was not designed around these lines but I am sure you could use them if a trade dont look good.
Attached File(s)
File Type: mq4 PB_autopivots ver. 4.0.mq4   21 KB | 494 downloads
  • #1,615
  • Nov 9, 2008 7:43am Nov 9, 2008 7:43am
Quoting nanningbob
I think its just experience. I have been playing with this idea of trading ranges for 10 months now and I will look at a chart and say ahhhhhhhh that doesnt look right. The 100x80 is really designed though so you dont have to think much. I mean it will really take a lot for a currency to move over 800 pips. We are talking Major, Major story here. So if you hear of major interest rate changes, bailout plans, or GM files bankruptcy, you should know enough about trading the market to just stay out that day. If you are reading charts the only thing I use is support and resistance lines. I have attached my PB autopivots. I think I have this in my original package. Put this in your indicators folder...
Thanks much for your response
  • #1,616
  • Nov 9, 2008 7:51am Nov 9, 2008 7:51am
Quoting nanningbob
Until recently I would say you had an excellent chance of a 100 every 600 but in todays market, I am not sure of anything being true anymore. It used to be the Euro traded 75-150 pips a day. Which means you had 4 days or more to get a retracement. That was almost a given, a very sure thing. But now .................. I mean the GBP/USD doubled its previous high so you can assume if conditions are right any currency can. Trading 1 currency is doable but philosophically I like seeing other currencies covering up another currency's bad day. Sooner or later the Eur/usd will have a bad day and it will take several days to recover. Also if other currencies are doing good you are more liking to click...
Just wondering what draws you to the AUD/NZD (with it's high spread) when trading a single pair over the EUR/USD? I know A/N is a little less volatile.
  • #1,617
  • Nov 9, 2008 8:02am Nov 9, 2008 8:02am
Quoting Toothman
Just wondering what draws you to the AUD/NZD (with it's high spread) when trading a single pair over the EUR/USD? I know A/N is a little less volatile.
Actually it is a very volatile currency but doesnt do long runs. Just watch the 5 min. chart for a while and you will see what I mean. That thing will move up 60 pips down 70 up 40 down 90 up 85 every 5 minutes. No other currency does that stuff. I put a 50x20 on there going both ways and it will just bang bang bang all day long. You cant manually trade that action but a computer program like mine, its a little gold mine. Awwwwwww........ I just let out one of the best kept secrets in Forex. The lines on the screen are 50 pips apart and this is a 5M screen. Each bar is 5M. Trade this both ways.
Attached Image (click to enlarge)
Click to Enlarge Name: aud nzd.gif Size: 21 KB
  • #1,618
  • Nov 9, 2008 9:31am Nov 9, 2008 9:31am
Hi Guy's i think this thread title should have to change lol... wht u think... i dont know about new title but this title ''Is this my holy garil E.A Didnt suit's it at all''
  • #1,619
  • Nov 9, 2008 10:21am Nov 9, 2008 10:21am
Quoting nanningbob
Actually it is a very volatile currency but doesnt do long runs. Just watch the 5 min. chart for a while and you will see what I mean. That thing will move up 60 pips down 70 up 40 down 90 up 85 every 5 minutes. No other currency does that stuff. I put a 50x20 on there going both ways and it will just bang bang bang all day long. You cant manually trade that action but a computer program like mine, its a little gold mine. Awwwwwww........ I just let out one of the best kept secrets in Forex. The lines on the screen are 50 pips apart and this is a 5M screen. Each bar is 5M. Trade this both ways.
Thanks for your hardwork Bob! Please how many levels do you go with the 50X20.Is your multiplication factor 1.2?

Charles.
  • #1,620
  • Nov 9, 2008 10:28am Nov 9, 2008 10:28am
Quoting Charlyeze
Thanks for your hardwork Bob! Please how many levels do you go with the 50X20.Is your multiplication factor 1.2?

Charles.
.10 x 1.2
200SL
9 levels

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