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100 x 80 EA oh boy

  • #221
  • Nov 13, 2008 9:51pm Nov 13, 2008 9:51pm
HAHAHA!!! I spoke too soon... about not seeing any other size lots apart from 0.01 and 0.02, today after work check my open trades and to my amazed there was 3 trades of 0.08 and 6 trades of 0.04 wow that makes a lot of a difference with the $$$ on your DD...

Is it possible just to have lots of 0.01 and lots of 0.02 to start with till i have a health equity size... can someone plz tell me what i need to change in the EA to enable only trades of 0.01 and 0.02...

Thanks
Fxseer
  • #222
  • Nov 13, 2008 10:04pm Nov 13, 2008 10:04pm
Nanningbob, the EAs I loaded were from post 209. The buy EA has a magic number, and the sell EA has a separate magic number. After two hours now, no sells have opened on the sell EA from post 209.
Quoting nanningbob
To do a buy and a sell EA so they can do both at one time takes different magic numbers. Magic numbers are assigned to each set of trades so the EA and the banks can differentiate them. I have one account with 4 charts trading the same currency but I am using different EAs. Each chart needs a separate Magic number so the orders do not get confused.

Ask lots of stupid questions, when you know the answers people think you are smart and know something.
  • #223
  • Nov 13, 2008 10:06pm Nov 13, 2008 10:06pm
Quoting Fx-Seer
HAHAHA!!! I spoke too soon... about not seeing any other size lots apart from 0.01 and 0.02, today after work check my open trades and to my amazed there was 3 trades of 0.08 and 6 trades of 0.04 wow that makes a lot of a difference with the $$$ on your DD...

Is it possible just to have lots of 0.01 and lots of 0.02 to start with till i have a health equity size... can someone plz tell me what i need to change in the EA to enable only trades of 0.01 and 0.02...

Thanks
Fxseer
to my knowledge you wouldnt wanna do that cos that would reduce the effectiveness as it is semi martingale, meaning it needs to keep going up... (correct me if im wrong)

i think what bob is trying to suggest, is to recognise the death trades so these levels are allowable but when it starts getting to higher levels you know when to turn off the ea and exit. But im pretty sure if your money management is alright then even if it goes to max 8 levels you should still not be dead in the water so to speak
Grabbing the bull by the horns!
  • #224
  • Nov 13, 2008 10:08pm Nov 13, 2008 10:08pm
Quoting paradoxical
Nanningbob, the EAs I loaded were from post 209. The buy EA has a magic number, and the sell EA has a separate magic number. After two hours now, no sells have opened on the sell EA from post 209.
well the one on the first page works fine except some people like me dont have a sell stop loss... maby we could jsut manually change it?
Grabbing the bull by the horns!
  • #225
  • Nov 13, 2008 10:23pm Nov 13, 2008 10:23pm
Quoting paradoxical
Nanningbob, the EAs I loaded were from post 209. The buy EA has a magic number, and the sell EA has a separate magic number. After two hours now, no sells have opened on the sell EA from post 209.
I noticed the same thing with the sell ea from post 209. No sells open with the version .01 ea
I used the .02 version for the sells & changed the lot size to 0.01 to match the version .01 buy ea.
I guess that is all that is different.
  • #226
  • Nov 13, 2008 11:05pm Nov 13, 2008 11:05pm
Quoting paradoxical
Nanningbob, the EAs I loaded were from post 209. The buy EA has a magic number, and the sell EA has a separate magic number. After two hours now, no sells have opened on the sell EA from post 209.
Dang I dont know what to say I took them off of my EA and they are working here. Well let me look again. SORRY
  • #227
  • Nov 13, 2008 11:21pm Nov 13, 2008 11:21pm
http://i271.photobucket.com/albums/j...entfxseer2.jpg
Just closed the EA.... today made an unbelievable profit...up by $1200

Any suggestions which currencies and how many I can run with an account $300 or $500

Thanks for your input...
  • #228
  • Nov 14, 2008 12:56am Nov 14, 2008 12:56am
Quoting Fx-Seer
Any suggestions which currencies and how many I can run with an account $300 or $500

Thanks for your input...
I am also curious to know. meanwhile I am running just AUDNZD on a small live account and performance has been satisfactory so far. Because of account limitations, I have manage with 6-8 levels only and it needs constant monitoring.

nanningbob,

When we see a trend emerging in a single pair is it ok to use only BUY or SELL EA ? Can we switch on and off either of them?
"Put all your efforts in becoming effortless"
  • #229
  • Edited 1:15am Nov 14, 2008 1:01am | Edited 1:15am
Hi,
Going to be a bit off topic here.

Some post back bob was saying if you could stay close ot the PC
1 could try 30 x 10 on AUD/NZD.
Tired it for a day (today) for 5 hrs.
It alone is already 100 profit. Very interesting to see how it moves.

I did both a buy and sell on 30 x 10. and starting lot size is 0.10
It went 5 levels deep and about $60 DD
  • #230
  • Nov 14, 2008 1:30am Nov 14, 2008 1:30am
Quoting IamTHAT
I am also curious to know. meanwhile I am running just AUDNZD on a small live account and performance has been satisfactory so far. Because of account limitations, I have manage with 6-8 levels only and it needs constant monitoring.

nanningbob,

When we see a trend emerging in a single pair is it ok to use only BUY or SELL EA ? Can we switch on and off either of them?
On the other thread where we learned all these things we are using here that is what we did. I used a 100x40. It ran great for 9-10 months but when we hit these volatile markets we had problems staying within the 400 pip range of the EA. I was using it yesterday and the eur/chf (of all things) went beyond its range. I could try to use the same formula with the 100x80 and do that. We also tried using a 4 H chart to determine direction and had some success but it works best using a 1Day chart.

But to answer your question Yes you could use whatever indicators you like to use and just turn on the buy or sell, when you think its a good time. For instance you could put a MA cross in the program like when the 1MA median crosses the 7MA on a 1H chart and it will enter in the direction you want to go automatically. So if you are in a downtrend and price retraces you could just put the sell on and when the downtrend continues it will enter and profit for you. If you dont get the entrance right it will protect you and enter on several levels before continueing on the trend. I did this for a period of time but I am not home very much to watch the EA so I prefer range trading. I dont have to be home to make my entrances.

I have never tried this method with the 100x80 but I did use it with some success with a 50x20
  • #231
  • Nov 14, 2008 1:36am Nov 14, 2008 1:36am
I deleted the .01 EA, and put on the .02 EA, and changed the trade amount to .01, and it now works. Very strange. But, all is well now. Looking forward to testing this thing on 10 pairs.
Quoting nanningbob
Dang I dont know what to say I took them off of my EA and they are working here. Well let me look again. SORRY
  • #232
  • Nov 14, 2008 1:40am Nov 14, 2008 1:40am
Quoting joeTrue
Hi,
Going to be a bit off topic here.

Some post back bob was saying if you could stay close ot the PC
1 could try 30 x 10 on AUD/NZD.
Tired it for a day (today) for 5 hrs.
It alone is already 100 profit. Very interesting to see how it moves.

I did both a buy and sell on 30 x 10. and starting lot size is 0.10
It went 5 levels deep and about $60 DD
Thanks for your input. I am trading LIVE only this, as suggested by nanningbob due to limited funds. I am tweaking here and there and I feel safe somewhat. If you come across any good particular setting, please let me know.
I am sure this EA can be indeed someone's Holy Grail!
In fact I am trying JPY pairs on a demo and the results are very very good so far. This is off topic, but I can never afford to go live live with 100x80EA with 10levels deep. I will have to manage with minimum pairs and resonable profits (or losses)
"Put all your efforts in becoming effortless"
  • #233
  • Nov 14, 2008 1:44am Nov 14, 2008 1:44am
Quoting joeTrue
Hi,
Going to be a bit off topic here.

Some post back bob was saying if you could stay close ot the PC
1 could try 30 x 10 on AUD/NZD.
Tired it for a day (today) for 5 hrs.
It alone is already 100 profit. Very interesting to see how it moves.

I did both a buy and sell on 30 x 10. and starting lot size is 0.10
It went 5 levels deep and about $60 DD
I am thinking of starting a seperate thread for that one but I want to test it a little while longer before I make it public. You are on the right track though, I am working with some different numbers but you are close. A 30 x10 is workable but with some different math.
  • #234
  • Edited 2:20am Nov 14, 2008 1:54am | Edited 2:20am
Quoting nanningbob
I am thinking of starting a seperate thread for that one but I want to test it a little while longer before I make it public. You are on the right track though, I am working with some different numbers but you are close. A 30 x10 is workable but with some different math.
sounds cool, my dream is to have a few different EA's/accounts going to diversify and spread the losses...

just as an example....

-100 x 80 with 'safer currencies'
-100 x 80 with agressive currencies
- 100 x 40 with safe curencies
- 30 x 10 etc etc

so youve diversified with currencies and tp settings over multiple accounts, and then have my personal manual trading account...

im a bit of a dreamer tho, but with Bob's good work and consistent brainstorming and testing anything may be possible...


also does it matter what timeframe you have your chart on eg daily or 4hour and does it matter like when you turn your EA on? (as in indicators, support/resistance etc)
Grabbing the bull by the horns!
  • #235
  • Nov 14, 2008 2:15am Nov 14, 2008 2:15am
Quoting whitegoodman
sounds cool, my dream is to have a few different EA's/accounts going to diversify and spread the losses...

just as an example....

-100 x 80 with 'safer currencies'
-100 x 80 with agressive currencies
- 100 x 40 with safe curencies
- 30 x 10 etc etc

so youve diversified with currencies and tp settings over multiple accounts, and then have my personal manual trading account...

im a bit of a dreamer tho, but with Bob's good work and consistent brainstorming and testing anything may be possible...


also does it matter what timeframe you have you...
I though of that too.

  • #236
  • Nov 14, 2008 5:22am Nov 14, 2008 5:22am
So far so good, EA running since 6Nov08; Profit $1107; Floating Loss-$26.97
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  • #237
  • Nov 14, 2008 7:15am Nov 14, 2008 7:15am
Very nice result for the week. The EA produced +3% on a 10K account starting with .01 lots.
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  • #238
  • Nov 14, 2008 7:45am Nov 14, 2008 7:45am
I ran the safe 7 with 0.05 lots 24 hours on a 500 demo account, it went the full 10 levels on the chf pair, anyway the 24 hour thing didn't reaklly work out neither did the 500 dollar deposit, I ran out of margin and most trades were automatically closed. I have to start again.

Well 24 hours probably won't work even with the slowest moving pairs unless we babysit and close losing trades.

Its best to stick to asia session to US session start I suppose.
  • #239
  • Nov 14, 2008 7:53am Nov 14, 2008 7:53am
Quoting fugly
I ran the safe 7 with 0.05 lots 24 hours on a 500 demo account, it went the full 10 levels on the chf pair, anyway the 24 hour thing didn't reaklly work out neither did the 500 dollar deposit, I ran out of margin and most trades were automatically closed. I have to start again.

Well 24 hours probably won't work even with the slowest moving pairs unless we babysit and close losing trades.

Its best to stick to asia session to US session start I suppose.
i think thats way too much lot size to account size even if its 'safe' pairs
Grabbing the bull by the horns!
  • #240
  • Nov 14, 2008 8:35am Nov 14, 2008 8:35am
Quoting Fx-Seer
http://i271.photobucket.com/albums/j...entfxseer2.jpg
Just closed the EA.... today made an unbelievable profit...up by $1200

Any suggestions which currencies and how many I can run with an account $300 or $500

Thanks for your input...
Which EA are you using exactly, and what are your current settings?
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