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Is This My Holy Grail EA :D

  • #1,621
  • Nov 9, 2008 10:40am Nov 9, 2008 10:40am
Quoting nanningbob
.10 x 1.2
200SL
9 levels

thing of beauty
Thank you so much for opening my eyes. AUD/NZD just had a not hot turn into supermodel hot moment in my eyes. Kind of like that decent looking girl on the other side of the bar after a couple beers...



edit: I never thought I would ever look at a ranging market and actually think it was tradeable.
  • #1,622
  • Nov 10, 2008 9:24am Nov 10, 2008 9:24am
Anybody else experience platform freezing problems with this EA? The strange thing, it occurs on some days, mostly on VPS restarts (but not all), then none at all? This is for Metatrader 218 and 220.
Any ideas on what to do about this?? (I did adjust SL etc for 5-decimal.)
  • #1,623
  • Nov 10, 2008 12:22pm Nov 10, 2008 12:22pm
Hi
Is the 50/20 a different ea or the same as 100/40 with different parameters?. I run the 100/40 with some success, usually 7pm - 9am (GMT) on Monday thru Thursday. Seems to keep me out of most 'death' trades.
John
  • #1,624
  • Nov 10, 2008 4:01pm Nov 10, 2008 4:01pm
Quoting JohnBa
Hi
Is the 50/20 a different ea or the same as 100/40 with different parameters?. I run the 100/40 with some success, usually 7pm - 9am (GMT) on Monday thru Thursday. Seems to keep me out of most 'death' trades.
John
John,
It's the same EA with different parameters. Remember, you're trading in both directions with the 50/20.
  • #1,625
  • Nov 10, 2008 5:39pm Nov 10, 2008 5:39pm
Quoting Toothman
John,
It's the same EA with different parameters. Remember, you're trading in both directions with the 50/20.
If you are going to use the 50/20 both ways: the best pairs to use it with are:
AUD/NZD, EUR/CAD, USD/JPY, EUR/GBP

I have been very successful trading with .05 lots and a 250 SL

Do NOT trade the following times:
AUD/NZD 16 GMT-24GMT
EUR/CAD & USD/JPY- NEVER DURING THE USA SESSION I will close 1-3 hours before the USA session
EUR/GBP anytime but I trade it the same times as AUD/NZD
Do not start trading if outside S1/R1.
NEVER TRADE DURING A Trichit or Bernanke speech or a major news story dealing with interest rates. Also any other super major news ie. 800B bailouts, GM going bankrupt, banks going under, etc. Just close out and restart the next day. Close early on Fridays and dont start until a couple hours after the Monday gaps and price is between R1/S1. Follow these rules and you will make some decent money with the 50/20
  • #1,626
  • Edited 7:02pm Nov 10, 2008 6:54pm | Edited 7:02pm
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...
I see what you're talking about. Several 50+ pip moves within 5min. since last night. I'm really liking you're 50/20 Buy/Sell EA's on this pair so far. $75 since market opening last night. Thanks Bob.
  • #1,627
  • Nov 10, 2008 7:20pm Nov 10, 2008 7:20pm
Many thanks Toothman.
One further question if I may. I've been thru this site and seen many settings, but is there a document somewhere that explains the parameters all in one place?
Regards, John
  • #1,628
  • Nov 10, 2008 9:11pm Nov 10, 2008 9:11pm
Quoting JohnBa
Many thanks Toothman.
One further question if I may. I've been thru this site and seen many settings, but is there a document somewhere that explains the parameters all in one place?
Regards, John
On Aug. 10 I explained MM theory in this thread, there is a download there. Page 37 post 547. I think post 542 has a complete 100x40 setup and explanation. If not maybe I need to post one again. I know there is one out there.
  • #1,629
  • Nov 10, 2008 10:16pm Nov 10, 2008 10:16pm
nanningbob, it looks like when opening a position got "context is busy" message, it doesn't retry to open the position.
  • #1,630
  • Nov 10, 2008 11:29pm Nov 10, 2008 11:29pm
Thanks Bob
  • #1,631
  • Nov 11, 2008 2:41am Nov 11, 2008 2:41am
This isn't really the right place to ask this, but does anyone know if backtesting accounts for the cost of spread in it's tests?
  • #1,632
  • Nov 11, 2008 2:50am Nov 11, 2008 2:50am
anyone has each script for close all buy / close all sell ? Sometimes i wanna close all buy without closing the sell when the level is too high and it nearly hit TP.
  • #1,633
  • Edited 6:24am Nov 11, 2008 3:54am | Edited 6:24am
Quoting nanningbob
.10 x 1.2
200SL
9 levels

thing of beauty
Hi Bob
I started running this pair last night and it went 9 levels before TP was hit.
As you can see from the ss the profit is far outweighed by the loss..... one also sees that the orders weren't always 25 pips apart as there were many requotes - some gaps are as low as 17 some as high as 35!
This was run on IBFX.
Any thoughts?
Cheers
Jim
PS this isn't a complaint in any way!! :-)
Attached Image (click to enlarge)
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He has the right to criticize who has the heart to help. Abraham Lincoln
  • #1,634
  • Nov 11, 2008 6:26am Nov 11, 2008 6:26am
Quoting Jim4x
Hi Bob
I started running this pair last night and it went 9 levels before TP was hit.
As you can see from the ss the profit is far outweighed by the loss..... one also sees that the orders weren't always 25 pips apart as there were many requotes - some gaps are as low as 17 some as high as 35!
This was run on IBFX.
Any thoughts?
Cheers
Jim
Yes I designed it to do that because most of the profit its made in the first 5-6 levels. I made over 60 dollars today using it but yes the deep ones lose money. However the lower level trades make a bunch. You may do 1 or 2 -9 level trades a week but dozens and dozens of profitable ones. Run it for a while and you will see. Cant control the reentries though, so far the reentries are wide enough it doesnt affect the profit that much. Maybe IBFX or companies will try to defeat these programs by doing that. ??????
  • #1,635
  • Nov 11, 2008 6:32am Nov 11, 2008 6:32am
Quoting nanningbob
Yes I designed it to do that because most of the profit its made in the first 2 or 3 levels. I made over 60 dollars today using it but yes the deep ones lose money. However the lower level trades make a bunch. You may do 1 or 2 -9 level trades a week but dozens and dozens of profitable ones. Run it for a while and you will see. Cant control the reentries though, so far the reentries are wide enough it doesnt affect the profit that much. Maybe IBFX or companies will try to defeat these programs by doing that. ??????
Why don't we use multiply of 1.5 instead of using 1.2 ?
  • #1,636
  • Nov 11, 2008 7:38am Nov 11, 2008 7:38am
Bob,

just checking to see if I've got my 50x20 setup right, I've modified the 100x125 setup(buy & sell ea's) to 50x20. I've opened two Audnzd charts and put a 50x20 buy ea on one chart and on the other chart I've got a 50x20 sell ea. Is this the correct setup for trading the both ways as you suggest, or have I missed a step?
  • #1,637
  • Nov 11, 2008 7:43am Nov 11, 2008 7:43am
Quoting forexisfx
Why don't we use multiply of 1.5 instead of using 1.2 ?
my 100/40 uses 1.5 It is all based on mathematical formulas that tries to maximize profits but reduce risk. If you increase the multiplication you increase the margin usage and drawdown. I try to design my formulas so you can trade 500-1000 USD to start with. If you get hit by a death trade the loss is not so big that it wipes out your account. To use a 1.5 with nickels you would need about 5-10,000 dollars in your account to trade it. High reward and high risk. That is the part of martingale trading I tried to reduce. medium reward, low risk. My goal is if you take a loss, the EA will recover the loss in less than 2 days and hopefully in one. That is the goal of my formulas when I try to figure loss to reward ratios.
  • #1,638
  • Nov 11, 2008 7:50am Nov 11, 2008 7:50am
Quoting xirtam
Bob,

just checking to see if I've got my 50x20 setup right, I've modified the 100x125 setup(buy & sell ea's) to 50x20. I've opened two Audnzd charts and put a 50x20 buy ea on one chart and on the other chart I've got a 50x20 sell ea. Is this the correct setup for trading the both ways as you suggest, or have I missed a step?
If you have the formula set right Yes. Add a 200 pip SL and 9 levels and you have a 200 pip range EA. Also on the 1 hour chart, put my PB auto pivots EA and on the other chart put a 40ma with lines every 50 pips above and below the 40 ma line. As long as you are trading within 100 pips above or below the 40 MA you are completely safe. If you go out side you will want to monitor the trade and see how it goes. The most important part is not the going up, it is the coming back. When it places trades above the 100 pip lines and then comes back inside I will often close the ones above the 100 or -100 pip lines. They will be the green dashed entry lines from the program. So far I have never hit my stop loss when I do this. The losses are very small, a couple of bucks to ensure safety of my account.
  • #1,639
  • Nov 11, 2008 8:14am Nov 11, 2008 8:14am
nanningbob, do u have 2 different script that close all buy / close all sell for a specific currency pair ? Sometimes the TP is 2 or 3 pips above/below resis/support and it doesn't seem to break it, I wanted to close it but it's hard when there is many level.
  • #1,640
  • Nov 11, 2008 9:06am Nov 11, 2008 9:06am
Quoting forexisfx
nanningbob, do u have 2 different script that close all buy / close all sell for a specific currency pair ? Sometimes the TP is 2 or 3 pips above/below resis/support and it doesn't seem to break it, I wanted to close it but it's hard when there is many level.
I dont have one but the EA does that. If you want to close all the Eur/usd sells just click on any EUR/USD sell trade, close it manually and the EA will close the rest.
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