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Is This My Holy Grail EA :D

  • #1,641
  • Nov 11, 2008 9:07am Nov 11, 2008 9:07am
Quoting nanningbob
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...
I've been testing/using
0.02
1.5x
50/20
10 levels
with 300 pip stop
just for that little extra range but my account size is 2.5k so I can adjust and afford risk accordingly.
  • #1,642
  • Nov 11, 2008 5:37pm Nov 11, 2008 5:37pm
Hey I have moved up to 50th place in the IBFX contest. After getting whacked by the GBP/USD the first day and dropping to 642nd place I have recovered nicely. I have 13 days left, will see how it goes.

I am having trouble this morning with getting my accounts to be active. If I accept the upgrade I get no connection. If I dont the account remains active. Is anyone else having this problem???
  • #1,643
  • Nov 11, 2008 5:40pm Nov 11, 2008 5:40pm
Quoting nanningbob
Hey I have moved up to 50th place in the IBFX contest. After getting whacked by the GBP/USD the first day and dropping to 642nd place I have recovered nicely. I have 13 days left, will see how it goes.

I am having trouble this morning with getting my accounts to be active. If I accept the upgrade I get no connection. If I dont the account remains active. Is anyone else having this problem???
what upgrade u are talking about ?

Quoting nanningbob
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.
Wow, very cool feature of the EA. I didn't know that. Will try it out. Thnx
  • #1,644
  • Nov 11, 2008 6:31pm Nov 11, 2008 6:31pm
I am having trouble with the 200 and 220 upgrade. I cant get my account connected when the upgrade happens. It is either a problem with the upgrade or my virus detector is shutting the program down
  • #1,645
  • Nov 11, 2008 7:14pm Nov 11, 2008 7:14pm
That is very wierd, I'm live with ibfx as well and I've had no problems with the update on any of my three terminals.
  • #1,646
  • Nov 11, 2008 8:25pm Nov 11, 2008 8:25pm
me too. I upgraded mine a while ago and everything as usual.
  • #1,647
  • Nov 12, 2008 4:59am Nov 12, 2008 4:59am
Ok it must be my virus protector not liking the download upgrade. thanks guys
  • #1,648
  • Nov 12, 2008 5:14am Nov 12, 2008 5:14am
Quoting nanningbob
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. ??????
OK got it - thanks.
Actually I ran it again for 18hrs - this time on Alpari Standard account .1 and it made £200! Unfortunately [or fortunately :-)] I have a GBP£5000 STD account (didn't anticipate trading pennies) and .1 is worth approx £0.09 ($0.14) so it's a might too lively for me to start with..... I was wondering about starting at 0.03, but then the progression would be .04,.05,.06,.07,.08,.10,.12 etc, and I don't know what that does to the maths.... I'm demoing it, but that's not the same as working it out. Do you have a spreadsheet that you use to make your calculations, so that you can see what the multiples and the pips gaps should be?
Don't ask for much us students, do we?
Cheers, Jim
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #1,649
  • Nov 12, 2008 5:22am Nov 12, 2008 5:22am
Quoting Jim4x
OK got it - thanks.
Actually I ran it again for 18hrs - this time on Alpari Standard account .1 and it made £200! Unfortunately [or fortunately :-)] I have a GBP£5000 STD account (didn't anticipate trading pennies) and .1 is worth approx £0.09 ($0.14) so it's a might too lively for me to start with..... I was wondering about starting at 0.03, but then the progression would be .04,.05,.06,.07,.08,.10,.12 etc, and I don't know what that does to the maths.... I'm demoing it, but that's not the same as working it out. Do you have a spreadsheet that you use to make your calculations, so that you can see what the multiples and the pips gaps should be?
Don't ask for much us students, do we?
Cheers,...
I noticed you mentioned a bit ago how some of the 'steps' were widespread like anywhere from 17-30ish or whatever.

I wanted to say that as of now on my three live ibfx accounts i see from 18-22 pip steps, which is perfectly fine with me considering how quickly aud/nzd moves I'm rather impressed with ibfx's ability to accept the fills so far. Who knows what it will be like a month or two from now of profitability.
  • #1,650
  • Nov 12, 2008 5:31am Nov 12, 2008 5:31am
Quoting Jim4x
OK got it - thanks.
Actually I ran it again for 18hrs - this time on Alpari Standard account .1 and it made £200! Unfortunately [or fortunately :-)] I have a GBP£5000 STD account (didn't anticipate trading pennies) and .1 is worth approx £0.09 ($0.14) so it's a might too lively for me to start with..... I was wondering about starting at 0.03, but then the progression would be .04,.05,.06,.07,.08,.10,.12 etc, and I don't know what that does to the maths.... I'm demoing it, but that's not the same as working it out. Do you have a spreadsheet that...
Should read 0.1 = £0.90 ($1.40) and that's a little racy for me to begin with!
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #1,651
  • Nov 12, 2008 5:41am Nov 12, 2008 5:41am
Quoting Jim4x
Should read 0.1 = £0.90 ($1.40) and that's a little racy for me to begin with!
u better lower ur lots before u blow up one day.Nowadays, anything could happen and it's not the time to risk so much.
  • #1,652
  • Nov 12, 2008 6:02am Nov 12, 2008 6:02am
Quoting forexisfx
u better lower ur lots before u blow up one day.Nowadays, anything could happen and it's not the time to risk so much.
Which is why he is asking for alternatives....

I think you would have to open with a different broker that offers smaller lots. That really is your only option... that I can think of, anyway.
  • #1,653
  • Edited 7:25am Nov 12, 2008 7:12am | Edited 7:25am
I'm up $141 trading the Aud/NZD 50/20 since Sunday night without a shutdown. I've seen a max.drawdown of only 2.31% and lowest margin level that I've seen was around 12000. I did have one take profit at higher levels that reduced my balance by $20. Have you ever blown a $3000 demo by trading this pair as I am doing without a shutdown? I saw you're guidelines for trading this pair but I just thought I'd let it run and see what happens this week. Thanks
  • #1,654
  • Nov 12, 2008 6:21pm Nov 12, 2008 6:21pm
Quoting Toothman
I'm up $141 trading the Aud/NZD 50/20 since Sunday night without a shutdown. I've seen a max.drawdown of only 2.31% and lowest margin level that I've seen was around 12000. I did have one take profit at higher levels that reduced my balance by $20. Have you ever blown a $3000 demo by trading this pair as I am doing without a shutdown? I saw you're guidelines for trading this pair but I just thought I'd let it run and see what happens this week. Thanks
You can trade the AUD/NZD except at their news times, which isnt often. The only time I saw it go beyond the EA was during they AUD NZD session. Since I am asleep then I cant monitor it so I just shut down when I go to bed and then restart when I get up. So I miss that session every day. I can see you can survive that session most of the time but there are days it will go beyond the range of the EA. To me its only 6-8 hours shut down time so why risk such a high return low risk?? The amount of money made during that time versus the risk is not worth it to me.
  • #1,655
  • Nov 12, 2008 6:29pm Nov 12, 2008 6:29pm
Quoting Verto
I noticed you mentioned a bit ago how some of the 'steps' were widespread like anywhere from 17-30ish or whatever.

I wanted to say that as of now on my three live ibfx accounts i see from 18-22 pip steps, which is perfectly fine with me considering how quickly aud/nzd moves I'm rather impressed with ibfx's ability to accept the fills so far. Who knows what it will be like a month or two from now of profitability.
I have been fascinated by the AUD/NZD for a long time. Trying to figure out how to trade it since it was such a bouncy thing. If you do a 5ma high and a 5ma low you try to enter sells above the high and buys below it. The problem was it would stay there about a nano second and I could never get a manual trade in where I wanted it. An ea though does great and catches these fills but even then it can move faster than the computer can enter the trade. I see IBFX as moved the spread from 11 to 14 and this has affected some of my profitability but I am still profitable. I made 60 bucks on the account yesterday.
  • #1,656
  • Nov 12, 2008 6:30pm Nov 12, 2008 6:30pm
Eur/gbp moved 279 points yesterday, its 2nd biggest day ever. SHEEEEEEEEEEESH
  • #1,657
  • Nov 12, 2008 6:56pm Nov 12, 2008 6:56pm
Quoting nanningbob
Eur/gbp moved 279 points yesterday, its 2nd biggest day ever. SHEEEEEEEEEEESH
Yeah cool move. Today is a good time to trade EURGBP. What's the chance of it going 279 pips again on the following day ?
  • #1,658
  • Nov 12, 2008 8:38pm Nov 12, 2008 8:38pm
First and foremost I would like to thank Bob for all of his Tireless work with the systems he has worked so hard to perfect. His analysis of the pairs has been invaluable. But most of all his patience is what still amazes me. Must be the teacher in him!

I have been doing some testing this week, actually since the first of the month. I started off with the Eur/Usd, 100/40 at .01 lots, with the Filter. Which did ok while I was running it. That was 5,6,7 of November.

Then while reading the thread I decided to make some changes. First I changed the lots to .05, the Multiplier to 1.3, and I added the other slow moving currencies.

Usd/Cad,
Usd/Jpy,
Aud/Usd,
Usd/Chf,
Eur/Chf

But I added the Auz/Nzd as well, even with it’s 14 pip spread. But I did not use the 100/40 on it, instead I used a 100 / 7, (I have since then changed it to 100/10 for the Auz/Nzd). My thoughts at the time where with 8-9 levels, and 7 pips the EA would be ok. And for the most part It was. I did hit a 9th level once or twice, but for the most part it worked very well. I started with a demo account I already had it had $959.58 it is at $1192.57 now.

This week I am up $226.17 ( as of this posting. ), for the month I am up $232.99 I would be up another $35, but I decided to close a EurChf, 5 level deep set of trades. It looked like to me the currency was just going to continue to go negative; of course 1-½ hours later it reversed and would have hit its secure profit mark. Oh well, live and learn.

I know at this point it is only a couple of days into this, but I wanted to test some of Bob’s theories, and they are working fairly well. My goal in all this is to work this account like I would a live account. I want to push it, and see how it reacts. I know there are difference between the Demo and the Live accounts, but they should be close enough for me to go live ( again ) at the first of the year. Maybe this time I will follow Bob’s advice and knowledge all the way, and keep my hair brain Ideas out of the mix.
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  • #1,659
  • Nov 13, 2008 12:25am Nov 13, 2008 12:25am
Quoting teaguekm
First and foremost I would like to thank Bob for all of his Tireless work with the systems he has worked so hard to perfect. His analysis of the pairs has been invaluable. But most of all his patience is what still amazes me. Must be the teacher in him!

[font=Times New Roman][size=3]I have been doing some testing this week, actually since the first of the month. I started off with the Eur/Usd, 100/40 at .01 lots, with the Filter. Which did ok while I was running it. That...
Hey long time no see. It is good to see many of you understanding the basic concepts and able to try some things. If you really want to have fun with the AUD/NZD try 40/10 or 30/10 and use dimes. That will put a smile on your face
  • #1,660
  • Nov 13, 2008 2:48pm Nov 13, 2008 2:48pm
holy god, i'm about to be wiped out by freakin reversal moves
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