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100 x 80 EA oh boy

  • #121
  • Nov 8, 2008 2:12am Nov 8, 2008 2:12am
Quoting shiva
Thanks Bob, just one question, if i delete the files under the testerhistory and testerfiles, will I lose my tick data?
I dont think so, the folder is blank and downloads whatever currency you want to test. The folder would be like a fresh download waiting for you to test.
  • #122
  • Nov 8, 2008 11:57am Nov 8, 2008 11:57am
thanx for your EA Bob, I've been following all along ..........
  • #123
  • Nov 8, 2008 1:10pm Nov 8, 2008 1:10pm
Quoting nanningbob
I dont think so, the folder is blank and downloads whatever currency you want to test. The folder would be like a fresh download waiting for you to test.
Yes you lose your tick data.
Barry
  • #124
  • Nov 8, 2008 4:51pm Nov 8, 2008 4:51pm
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...

On 08 Oct 2008, AUDNZD move about 1000 pips. Looks kind of scary.
  • #125
  • Edited 3:23am Nov 9, 2008 12:17am | Edited 3:23am
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.

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 | 593 downloads
  • #126
  • Nov 9, 2008 12:20am Nov 9, 2008 12:20am
Quoting forexisfx
On 08 Oct 2008, AUDNZD move about 1000 pips. Looks kind of scary.
Think thats scary read my 7 year currency facts. NZD/USD is really wild. I make money on the AUD/NZD. I use an EA I designed just for it.
  • #127
  • Edited 1:34am Nov 9, 2008 1:21am | Edited 1:34am
Quoting nanningbob
Think thats scary read my 7 year currency facts. NZD/USD is really wild. I make money on the AUD/NZD. I use an EA I designed just for it.
That EA u are using is similar to this system or a totally different trading logic ?


Quoting nanningbob
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.

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.
Which currency combo u will be using for the coming Monday onwards ?
  • #128
  • Edited 2:57am Nov 9, 2008 1:44am | Edited 2:57am
if there is a way to create currency fact which contain the information on currency going 200/300/400 pips without retract for 50/100/150/200 pips, it will be the most importance piece of information for this system.
  • #129
  • Nov 9, 2008 3:39am Nov 9, 2008 3:39am
Quoting forexisfx
That EA u are using is similar to this system or a totally different trading logic ?

Similar but different. Same philosophy but designed just for this currency. I am still making some alterations to it but it is working. I fine tuned it and will try the fine tuned product this week.


Which currency combo u will be using for the coming Monday onwards ?
I changed the range to 600 pips and am using the following currencies:
aud/nzd, chf/jpy, eur/chf, eur/usd, usd/jpy, usd/chf. I am also going to trade .05

My thinking is fewer pairs, less range but more lots. I used to have the USD/CHF rated as my 3rd most volatile currency 6 months ago but with all the action it has stayed steady and is one of the very few that have not set new records. Its previous high day is still its previous high day so I have added it to this system. Same thing with the USD/JPY, it has gone just a little higher than before but is staying within its range. I am going to put the Eur/usd back into play. It has stayed in the range of the EA. I almost decided to put the EUR/GBP in but its such a slow currency even in this market but it is setting new records almost every day. Three other currencies that could be put in are the USD/CAD, AUD/USD, and the NZD/USD but those that have followed my previous thread know how much I hate to put major currencies with minor ones. I also considered the EUR/CAD and the AUD/CAD but I am not as familiar with them. I want to test them for a period of time before using them.

This is what I am trading live with so I am being conservative, my risk is moving up with the lots from .01 to .05 which I started last Thursday with good results.
  • #130
  • Nov 9, 2008 3:47am Nov 9, 2008 3:47am
Quoting forexisfx
if there is a way to create currency fact which contain the information on currency going 200/300/400 pips without retract for 50/100/150/200 pips, it will be the most importance piece of information for this system.
You would have to go eyeball each big day to do that. For instance I looked at one currency which had a 600 pip run in one day over 5 hours. On a 1H chart it looked like it never retraced but if you look at the 5M chart during two of those hours it had a 163 pip retracement and a 122 pip retracement. Depending on your entrances they could have taken profit and definitely would have given you escape routes if you wanted out. To find that kind of information would take hours and hours of research on every currency. The GBP/JPY is great for retracements but the one time it doesnt it kills you. Of the 32 times its gone over 600 pips I can bet you the majority of times there will be 2-4 retracements. That is the most exciting currency to trade and dang if I cant get an EA to work on it all the time. It tantalizes you with weeks of profits but as soon as I go live that is the one time it doesnt retrace. It needs the 100 pips plus the 9 pip spread plus the 80 pip spread of the reentrance. So you could possibly need a 188 retracement to get a profit on it. When you got a currency that can go 1000 pips in one day. HMMMMMMM................. WELCOME TO THE WORLD OF FOREX
  • #131
  • Edited 4:44am Nov 9, 2008 4:27am | Edited 4:44am
Quoting nanningbob
I changed the range to 600 pips and am using the following currencies:
aud/nzd, chf/jpy, eur/chf, eur/usd, usd/jpy, usd/chf. I am also going to trade .05

My thinking is fewer pairs, less range but more lots. I used to have the USD/CHF rated as my 3rd most volatile currency 6 months ago but with all the action it has stayed steady and is one of the very few that have not set new records. Its previous high day is still its previous high day so I have added it to this system. Same thing with the USD/JPY, it has gone just a little higher than before but is staying within its range. I am going to put the Eur/usd back into play. It has stayed in the range of the EA. I almost decided to put the EUR/GBP...
Funny, I was just looking at your currency pair results and I decided to use the same pairs that you said you were using, I added in EURCAD though, but decided against eur/gbp. With a few different lot sizes though like with usd/chf I'm using more than eurcad due in part to it's movement. I'm live as well.

Edit: What kind of settings do you use for your 600 range on your live account?
  • #132
  • Nov 9, 2008 4:50am Nov 9, 2008 4:50am
Quoting nanningbob
I changed the range to 600 pips and am using the following currencies:
aud/nzd, chf/jpy, eur/chf, eur/usd, usd/jpy, usd/chf. I am also going to trade .05

My thinking is fewer pairs, less range but more lots. I used to have the USD/CHF rated as my 3rd most volatile currency 6 months ago but with all the action it has stayed steady and is one of the very few that have not set new records. Its previous high day is still its previous high day so I have added it to this system. Same thing with the USD/JPY, it has gone just a little higher than before but is staying within its range. I am going to put the Eur/usd back into play. It has stayed in the range of the EA. I almost decided to put the EUR/GBP...
To confirm with you, the setting will be TP 100 Pips 60 ? I think the TP might have to change becoz those exact pairs (without AUDNZD and CHFJPY) u have given, I already tried it last week and the TP doesn't hit often. Most of the time it's only 1 currency hit the TP

I wonder why u would choose AUDNZD. Firstly it has 14 pip spread and there is chance of sudden spike again in the future which will easily hit the SL.

Btw, what's ur SL setting ?
  • #133
  • Nov 9, 2008 5:10am Nov 9, 2008 5:10am
Quoting forexisfx
To confirm with you, the setting will be TP 100 Pips 60 ? I think the TP might have to change becoz those exact pairs (without AUDNZD and CHFJPY) u have given, I already tried it last week and the TP doesn't hit often. Most of the time it's only 1 currency hit the TP

I wonder why u would choose AUDNZD. Firstly it has 14 pip spread and there is chance of sudden spike again in the future which will easily hit the SL.

Btw, what's ur SL setting ?
It has only done it once in 8 years so that is an acceptable risk besides that was not caused by price movement it was a bank induced spike. My EA does not pick up all the levels on those things so any loss is usually very small. The last one that did that was the CHF/JPY and I made 256 bucks on the spike. When the spike hit my EA entered the trade and then it was profit all the way.

600 SL, in my system SL are only for emergencies, I almost never hit them, I will stop a trade long before they get there. I still use my support/resistance levels when trading. If S2 or R2 is touched I will close on the retrace. If they are broken, I am out. That usually is long before my stop loss. If I break S1/R1 I will sometimes close out the trade going the wrong direction, depends on the currency and reading of the market.

I still use my trading smarts with the EA but I dont over guess the system either.
  • #134
  • Edited 5:41am Nov 9, 2008 5:13am | Edited 5:41am
Quoting nanningbob
It has only done it once in 8 years so that is an acceptable risk besides that was not caused by price movement it was a bank induced spike. My EA does not pick up all the levels on those things so any loss is usually very small. The last one that did that was the CHF/JPY and I made 256 bucks on the spike. When the spike hit my EA entered the trade and then it was profit all the way.

600 SL, in my system SL are only for emergencies, I almost never hit them, I will stop a trade long before they get there. I still use my support/resistance levels when trading. If S2 or R2 is touched I will close on the retrace. If they are broken, I am out. That usually is long before my stop loss. If I break...
The setting will be Tp100 Pips 60 SL 600. Correct me If i am wrong.

Thnx.

Let's Rock & Roll tomorrow.
  • #135
  • Nov 9, 2008 2:27pm Nov 9, 2008 2:27pm
Just thinking,
I wonder how many of the "Monster" moves had big movement during the U.S. sessions??

As some of us are following Bob's lead and not trading for the most part in that time of day might some of those moves be somewhat negated.

Maybe there are some pairs that would be better off not being traded at certain times of the day.
  • #136
  • Nov 9, 2008 3:51pm Nov 9, 2008 3:51pm
Personally, if i made my target money before US open, i will close it. If i don't, i will keep it open for first 2 hours of US open Max.
  • #137
  • Nov 9, 2008 5:13pm Nov 9, 2008 5:13pm
Quoting shiva
Thanks Bob, just one question, if i delete the files under the testerhistory and testerfiles, will I lose my tick data?
Originally Posted by nanningbob http://www.forexfactory.com/images/buttons/viewpost.gif
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.

Go to your charts and remove all of the indicators that you do not need and then go to the indicators that you keep, in the properties box change the number bars to 50 or 100. I think that will do the trick.
Barry
  • #138
  • Nov 9, 2008 7:41pm Nov 9, 2008 7:41pm
Quoting bvincent
Originally Posted by nanningbob http://www.forexfactory.com/images/buttons/viewpost.gif
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.

[i]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,...
I have never had trouble getting the tick chart to come back after deleting these files. However, I use IBFX dowloads and that could change from company to company. Companies are allowed to make changes in the basic programming of MT4 to fit their trading philosophies. So sometimes I will say you can do things with an IBFX MT4 you cant do with other companies MT4.
  • #139
  • Nov 10, 2008 12:50am Nov 10, 2008 12:50am
nanningbob Thanks so much for your wonderfull system... I demo it today and the results are impressive I started this AM and waiting for the NY to close it out and see the result of this BABY....

so far it has locked in 700 pips and still counting.....

One question, why cant the EA close all the trades before the begining of the NY as per your exit rules.... or once it reaches a % of profit and close all the trades, it would be awesome if this could be addded into the EA....

CHEERS
Fxseer
  • #140
  • Nov 10, 2008 12:56am Nov 10, 2008 12:56am
Ok nanningbob.
Good work....

Thanks
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