100 x 80 EA oh boy | Page 15 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Need explanation on Good boy EA 0 replies

Lazy Boy Day Chart Strategy 35 replies

blue boy system 35 replies

new boy 10 replies

Attachments: 100 x 80 EA oh boy
Exit Attachments

100 x 80 EA oh boy

  • #281
  • Nov 17, 2008 9:49am Nov 17, 2008 9:49am
I'm testing 8 pairs at .01, and am at pretty much breakeven starting from the open on Sunday evening.
On another demo account, testing 6 pairs at .05, and down about 2%. The pairs are EUR/USD, EUR/CHF, CHF/JPY, USD/JPY, AUD/NZD and AUD/USD.
Will leave open until at least noon PST & see what happens.
  • #282
  • Nov 17, 2008 10:12am Nov 17, 2008 10:12am
I am running two DEMOs:

1) One started today: AUDNZD 0.01 2.0 30x20 10 Max produced $39 on $300 running from 03.30 GMT to 16.30 GMT. Single trade of $21 in this.

2) Another demo started 4 days ago with GBPJPY and EURJPY :

30x25 0.1 lot 2.0 8 Max- account increased from $38Kto $69K. It produced $9k today! Surprisingly low draw down all along and level 8 reached twice only.
JPY pairs were subdued since couple of days and hence survived I think. I ran USDJPY also on the first day, but it hardly produced any returns and I removed it. In fact GBPJPY alone produced 80% returns.
I ran this aslo during above timings.
"Put all your efforts in becoming effortless"
  • #283
  • Nov 17, 2008 10:24am Nov 17, 2008 10:24am
nanningbob, Do you agree with this post? Would it be safer to use these parameters? Thanks.
Quoting TakeItEasy
Bob,

I don't agree with the 825 S/L, because if the EA can trade till 10 levels, this means it will cover 100x9=900 pips range, so, a S/L less than 900 pips don't make sense, it should be, even if it's an "emergency" S/L, at least, let me say, 950 pips.

[font=Times New Roman][size=3]If you set an emergenxy S/L of 825 pips, what is the sense to have an EA that can trade 10 levels (=900 pips range)?! The last 10th level, if you leave this 825 pips S/L unchanged,...
  • #284
  • Nov 17, 2008 11:57am Nov 17, 2008 11:57am
Quoting paradoxical
Bob, my concern was the spread on some of those other pairs at 12 pips. That's not much of a factor that you can see?
No a 100 pip profit is a 100 pip profit. What the broker gets keeps him in business so I can trade. I never begrudge a broker who is allowing me to take 500 dollars and let me trade like I got 50000 dollars. Most people simply dont appreciate their brokers and what they are allowing them to do with their money. So he gets an extra 8 cents on a penny trade. If I can make tens of thousands of dollars trading I hope IBFX makes millions. I am only risking 500 to 1000 most of the time. Brokers take a lot of criticism but where do you ever see someone say thank you for letting me trade with so little money.
  • #285
  • Nov 17, 2008 12:00pm Nov 17, 2008 12:00pm
Quoting paradoxical
nanningbob, Do you agree with this post? Would it be safer to use these parameters? Thanks.
The loss at 10 levels is outlandish. I mean with a 50000 demo maybe but I dont trade 50000 in real life. I really am only going 8 levels with my trades. That stop loss is only if someone drops a bomb, I never let a trade get that far in the hole.
  • #286
  • Nov 17, 2008 2:45pm Nov 17, 2008 2:45pm
Bob, Thanks for your quick responses to my questions. Both were very helpful.
  • #287
  • Nov 17, 2008 4:14pm Nov 17, 2008 4:14pm
im running 3 demos atm...

-12 currencies with some more 'aggressive ones in there' as per the 7 year fact sheet

- 10 currencies - more medium risk

- 8 currencies with 'safer' pairs...

ill give results friday.
Grabbing the bull by the horns!
  • #288
  • Nov 17, 2008 5:22pm Nov 17, 2008 5:22pm
This is really interesting trading with 20 currencies, at the end of the USA session I am up 847 on my TP but I am carrying a 826 negative. I never got my retrace yet on the 3 pound currencies gbp/jpy, gbp/chf, gbp/usd. I can close it all and the day was a wash or I can see if they will retrace during the jpy session. If they retrace it will be a monster day if they dont its a wash. Interesting results.

The question becomes, is it possible to not have a big loss, in other words, is there so much action in 20 currencies bouncing around that even if 3 currencies dont retrace the others will hold the fort for you??????

The final note is I definitely want to close before the EUR session because over two days you are probably guaranteed a currency will go out of range, since you can be assured some of them will continue their trend.
  • #289
  • Edited 7:50pm Nov 17, 2008 6:54pm | Edited 7:50pm
Well prices retraced some this morning (evening USA time) and I went and took my profit. The TP had moved up to 925 and the negative balance moved down to 560 so I said good enough. 369.66 total. Interesting. I am going to restart he EA and see what happens again today. I could live on 369 dollars a day.
  • #290
  • Edited 7:42pm Nov 17, 2008 7:18pm | Edited 7:42pm
ok here are the results from day #1

Image 1: original EA with original pairs Starting balance $4000
open time 11/16 at 23:00 close time 11/17 21:43 profit: $50.75

Image 2: EA version .02 with all 20 pairs Starting balance $7000 starting lots .01
open time 11/16 23:00 close time 11/17 23:52 Profit: $749.74

Image 3: EA version .02 with safest 5 pairs chf/jpy, eur/gbp, eur/chf, eur/usd, usd/chf starting balance: $7000 starting lots: 0.1 open time 11/16 23:00 close time 11/17 21:45 Profit: $227.57

Image 4: original EA with original pairs starting balance $3000
open time 11/17 13:34 close time 11/17 23:53 profit: $ 13.72

any questions just ask will keep posting if yall want me to or i can just wait for a given amount of time. say Friday. makes me no difference.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image 1.gif Size: 6 KB
Click to Enlarge Name: Image 2.gif Size: 6 KB
Click to Enlarge Name: Image 3.gif Size: 6 KB
Click to Enlarge Name: Image 4.gif Size: 6 KB
  • #291
  • Nov 17, 2008 7:52pm Nov 17, 2008 7:52pm
The reason im using $7000. that is what i have in my live account at the moment

reason behind 1 $4000 and 1 $3000

of course that adds up to $7000 and i can open them up at different times to see which does better
  • #292
  • Nov 17, 2008 9:55pm Nov 17, 2008 9:55pm
Quoting jtmoore007
ok here are the results from day #1


Image 3: EA version .02 with safest 5 pairs chf/jpy, eur/gbp, eur/chf, eur/usd, usd/chf starting balance: $7000 starting lots: 0.1 open time 11/16 23:00 close time 11/17 21:45 Profit: $227.57
Thanks for all the info.

In your study3, safest pairs had a substantial dip after reaching a profit of $600. Which particular pair caused this? I would like to know if it happens again.
"Put all your efforts in becoming effortless"
  • #293
  • Nov 17, 2008 11:04pm Nov 17, 2008 11:04pm
Quoting IamTHAT
Thanks for all the info.

In your study3, safest pairs had a substantial dip after reaching a profit of $600. Which particular pair caused this? I would like to know if it happens again.
this is kind of how this ea works. you will win half and lose half as long as the winners outweigh the losers THERE YOU GO


biggest loss what e/g of all things. worst loss $172.22 biggest gain e/u $232
but e/g was also the second highest gainer at $149.84

but not quite sure this is gonna help. im sure tomorrow will be completely different. we shall see. post next results tom.

good night all
  • #294
  • Nov 18, 2008 12:10am Nov 18, 2008 12:10am
Hi Nanningbob and everyone,

I'm quite excited with this set up and am currently testing on demo.

I have changed my parameters slightly from the 100/80 set up.

I have calculated the pips and tp from the 20 day daily average for each pair in my basket and so far I've got three for three profits for the past three trading days.

I'll post the graph for the week at the end of my trading day on Friday - so far up $999 on $5k account so happy so far.

This is basically what I'm trialling-

Pips is calculated as twice the 20 day average divided by ten to give ten steps, then the TP is just the pips plus 20%.

I am using a basket of 8 pairs, some big movers others not but a good mix of majors.

E/U, U/J, G/U, U/CHF, E/J, G/J, A/U, A/J

I start in the morning my time Aussie which is 00.00GMT on IBFX and close out when in profit my my target amount between $200 & $300, that's enough for me on one account to sack the boss, I have noticed that this is just after the US open when there is usually enough retrace movement to reduce the floating trades below the banked trades for the day.

I just let it go during the day and around tea time start watching the movement for an oportunity to close out.

An EA for this could possibly close it all out when a certain dollar amount or percentage of account target is reached. Also it would be useful to have an alarm that could be set to alert you when a certain level is reached so you could monitor it or close out if it looks like it will get dangerous. Not sure if this is doable in this EA as it does already have some MM built in but needs more investigation.

Anyway that's all,

Good luck everyone (especially those that very obviously do not read through all the posts and don't fully understand what their dealing with - and put this on a live account with only a couple of hundred dollars in it - You will need as much luck as you can get)

Pbully
  • #295
  • Nov 18, 2008 1:08am Nov 18, 2008 1:08am
Quoting pbully
Hi Nanningbob and everyone,

I'm quite excited with this set up and am currently testing on demo.

I have changed my parameters slightly from the 100/80 set up.

I have calculated the pips and tp from the 20 day daily average for each pair in my basket and so far I've got three for three profits for the past three trading days.

I'll post the graph for the week at the end of my trading day on Friday - so far up $999 on $5k account so happy so far.

This is basically what I'm trialling-

Pips is calculated as twice the 20 day average divided...
There is a function in the code that closes all trades when a certain profit is reached. I have not tested it yet but it is there.
  • #296
  • Edited 6:04am Nov 18, 2008 5:52am | Edited 6:04am
Quoting nanningbob
This is really interesting trading with 20 currencies, at the end of the USA session I am up 847 on my TP but I am carrying a 826 negative. I never got my retrace yet on the 3 pound currencies gbp/jpy, gbp/chf, gbp/usd. I can close it all and the day was a wash or I can see if they will retrace during the jpy session. If they retrace it will be a monster day if they dont its a wash. Interesting results.

The question becomes, is it possible to not have a big loss, in other words, is there so much action in 20 currencies bouncing around that even...
I know you're not at your computer all day but what was your lowest margin level you saw yesterday trading 20 pairs? Must have been pretty low even with being near break-even. I'm assuming you started with $5000. Are you trading .02 lots or .05? Thanks
  • #297
  • Nov 18, 2008 7:48am Nov 18, 2008 7:48am
Quoting Toothman
I know you're not at your computer all day but what was your lowest margin level you saw yesterday trading 20 pairs? Must have been pretty low even with being near break-even. I'm assuming you started with $5000. Are you trading .02 lots or .05? Thanks
The biggest DD I had was $689.64 on my 20 pair setup. starting at .01 lots
recovered nicely - made $749.74
  • #298
  • Nov 18, 2008 8:46am Nov 18, 2008 8:46am
Quoting jtmoore007
The biggest DD I had was $689.64 on my 20 pair setup. starting at .01 lots
recovered nicely - made $749.74
In a few post above this one you stated that you also use some safe pairs?
What do you mean with that?
{Promotion Removed}
  • #299
  • Nov 18, 2008 9:12am Nov 18, 2008 9:12am
Using .05, my demo account has made almost exactly 20% since Sunday evening when it opened trades at market open. The pairs I'm using are:
EUR/USD, AUD/USD, CHF/JPY, USD/JPY, EUR/CHF, AUD/NZD.
There was a drawdown of about 10%. I have let it run continuously, and will let it run without closing any trades for the entire week. Thgis will save on the spread going in and out.
  • #300
  • Nov 18, 2008 9:43am Nov 18, 2008 9:43am
Quoting Toothman
I know you're not at your computer all day but what was your lowest margin level you saw yesterday trading 20 pairs? Must have been pretty low even with being near break-even. I'm assuming you started with $5000. Are you trading .02 lots or .05? Thanks
I started with 3000 and am trading .10 lots. interesting huh.
0 traders viewing now