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100 x 80 EA oh boy

  • #481
  • Dec 2, 2008 3:55pm Dec 2, 2008 3:55pm
Quoting rtx
Why you dont buy some hosting ? ? ? I have and its best solution. 20 USD monthly and im not worried i blow up my Pc or have huge electricity bills.
where or how do you get such hosting?
Grabbing the bull by the horns!
  • #482
  • Dec 2, 2008 3:56pm Dec 2, 2008 3:56pm
Quoting Arnold49
Hi,

could someone point me to the safest pairs please,
I have used this on GBP/USD with some success (demo)
however I would like to try more pairs, maybe 5 ?

thanks,
Steve.
have a look at bobs 7 year fact sheet (its an attachment) it shows you how big the moves have been in different currencies and the amount of times it occurs
Grabbing the bull by the horns!
  • #483
  • Dec 2, 2008 4:07pm Dec 2, 2008 4:07pm
Steve, whitegoodman is correct. On my demo account, I've been trading .03 for the past few weeks with very little drawdown on 7 pairs, and thgere have been some fairly wild swings in the market since then. The pairs are:
CHF/JPY, USD/JPY, AUD/USD, EUR/CHF, NZD/USD, EUR/USD, USD/CHF. As of a few moments ago, I went live with these pairs at .03 each.
Quoting Arnold49
Hi,

could someone point me to the safest pairs please,
I have used this on GBP/USD with some success (demo)
however I would like to try more pairs, maybe 5 ?

thanks,
Steve.
  • #484
  • Dec 2, 2008 4:31pm Dec 2, 2008 4:31pm
thanks both, I will demo those, do they all use the same settings?

I will find the factsheet, must have missed it earlier.

Steve.
  • #485
  • Dec 2, 2008 4:43pm Dec 2, 2008 4:43pm
Arnold, at the top right, click on the list of attatchments and the 7 year fact sheet is there. As far as them using the same settings, yes they do, if you're talking about the 100X80 EA. One thing you should know is that one of the SELL EAs doesn't work. It's the one that trades .01, and I recommend you use the EA that trades .02, and just change it to .01 or whatever amount you want to demo trade. Also, if you haven't you should study the entire thread.
Quoting Arnold49
thanks both, I will demo those, do they all use the same settings?

I will find the factsheet, must have missed it earlier.

Steve.
  • #486
  • Dec 2, 2008 4:51pm Dec 2, 2008 4:51pm
Quoting paradoxical
Arnold, at the top right, click on the list of attatchments and the 7 year fact sheet is there. As far as them using the same settings, yes they do, if you're talking about the 100X80 EA. One thing you should know is that one of the SELL EAs doesn't work. It's the one that trades .01, and I recommend you use the EA that trades .02, and just change it to .01 or whatever amount you want to demo trade. Also, if you haven't you should study the entire thread.
I have read the whole thread, and have used the EA's on GBP/USD, never really had any probs, only when using several currencies, so I wanted to try the "safest" ones.

I've now looked at the factsheet, thanks for your help.

Steve.
  • #487
  • Dec 2, 2008 4:55pm Dec 2, 2008 4:55pm
seems strange however, that they will all use the same settings,as they must have different characteristics.

EUR/GBP will not retrace as far as the least safe one will.

we could do with a way to work out average retracement values and adjust the EA accordingly, I will see if that is possible to do in Excel.

Steve.
  • #488
  • Dec 2, 2008 5:05pm Dec 2, 2008 5:05pm
That would be a good question for nanningbob or Frostcall.
Quoting Arnold49
seems strange however, that they will all use the same settings,as they must have different characteristics.

EUR/GBP will not retrace as far as the least safe one will.

we could do with a way to work out average retracement values and adjust the EA accordingly, I will see if that is possible to do in Excel.

Steve.
  • #489
  • Dec 2, 2008 5:47pm Dec 2, 2008 5:47pm
Quoting Arnold49
seems strange however, that they will all use the same settings,as they must have different characteristics.

EUR/GBP will not retrace as far as the least safe one will.

we could do with a way to work out average retracement values and adjust the EA accordingly, I will see if that is possible to do in Excel.

Steve.
well how did the 7 year fact sheet get done? (manually?)... im thinking someones gonna have to do it manually to see what we can get on different pairs in terms of range and avg retracement etc...
Grabbing the bull by the horns!
  • #490
  • Dec 2, 2008 5:49pm Dec 2, 2008 5:49pm
Quoting nanningbob
Yes I have been testing the same thing and I have decided to drop the GBP pairs before I go live trading. They have death traded this system 3 times now in the last 6 weeks and I feel the risk is too great to use them. Other than that I found the 100/80 profitable. I am doing one more test without the GBP and if it successfull I will do 1-2000 anywhere from .02-.05 depending on how my final tests go. I may also tweak the numbers a little first.

Hi Bob,

I've been having mixed results with this EA the past week or so. It started off great (up over 35% in the 1st 2 weeks). The past week or so has been around break-even.


I discovered I was using a Standard account, so I opened a new mini demo account and began trading it the past week or so. So far it has a net loss for the week. I've been trading 5 pairs (AUD/NZD, CHF/JPY, EUR/USD, USD/CHF, USD/JPY) in the both of these demo accounts . Meanwhile my 35x20 AUD/NZD EA is doing great.

From what I'm reading, some others have had much better results the past week with the 100x80. Is there something wrong with my setup or the pairs I'm trading? Obviously somethings wrong.

Thanks for your help.
Anthony
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  • #491
  • Dec 2, 2008 6:18pm Dec 2, 2008 6:18pm
Quoting acosta2269
Hi Bob,

I've been having mixed results with this EA the past week or so. It started off great (up over 35% in the 1st 2 weeks). The past week or so has been around break-even.


I discovered I was using a Standard account, so I opened a new mini demo account and began trading it the past week or so. So far it has a net loss for the week. I've been trading 5 pairs (AUD/NZD, CHF/JPY, EUR/USD, USD/CHF, USD/JPY) in the both of these demo accounts . Meanwhile my 35x20 AUD/NZD EA is doing great.

From what I'm reading, some others have had much...
theres a lot of variables such as how long do you let it run? do you let it go in the US session? currency pairs and lot size are the major ones i think...

experiment with more oir different currency pairs perhaps
Grabbing the bull by the horns!
  • #492
  • Dec 2, 2008 7:07pm Dec 2, 2008 7:07pm
Quoting acosta2269
Hi Bob,

I've been having mixed results with this EA the past week or so. It started off great (up over 35% in the 1st 2 weeks). The past week or so has been around break-even.


I discovered I was using a Standard account, so I opened a new mini demo account and began trading it the past week or so. So far it has a net loss for the week. I've been trading 5 pairs (AUD/NZD, CHF/JPY, EUR/USD, USD/CHF, USD/JPY) in the both of these demo accounts . Meanwhile my 35x20 AUD/NZD EA is doing great.

From what I'm reading, some others have had much...
I like trading as many pairs as possible because I seem to get the best results over the long term that way. I have so far had steady results as long as I stay away from the pairs I mentioned in the first post. I also like to wait for the retracement and close out almost every day. Some currencies wont retrace the full 100 points but will retrace enough to make a small profit. I go strictly by overall + - for the entire group not individual pairs. So today I see my balance is up 228 dollars and my negative carry is 58. I take the 170 profit and start he EA over again. This way I keep the full range of the EA in play. Slower pairs can go over 800 points with out a retracement of 100 but it takes several days for them to do it. If you just keep it running you will eventually run into this problem.

The other side of the equation is there are no real set rules. There is no indicator or time frame that says "market retraces every day at 3" The market goes in some direction every day and sometime during the day it will retrace. Very very rarely will it just go in one direction all day. Even if 1 or 2 currencies do the others wont.

Now the most common times for retracement are the afternoon USA session or the JPY session. Sometimes the middle of the Euro session will retrace. You just never know. I try to take whatever the market gives me that day.

The one thought that kills traders and makes them lose money is: I have got to make xx.xx amount of money every day or I made 500 yesterday I want to do it again today. That is very bad thinking. Some days this EA has given me 30 dollars and some days 900. You have to be satisfied with what the market gives you on a day by day basis. What you want is long term steady growth. You see your balance bigger than the carrying deficit and check the time of day, (do you think there maybe more). I tend to close most often before the USA session but if I dont have my retracement I will wait all the way through to the next day on others. I like to play the JPY session because it goes one way and the Euro session usually changes and goes the other. Does it always do that, no but many days it will. Those that have been around my posts know that is my favorite way to trade. I also have been testing starting the USA session and close during the JPY retracement. That is also proving profitable. So test an idea out and let it ride.
  • #493
  • Dec 2, 2008 7:27pm Dec 2, 2008 7:27pm
Quoting nanningbob
The one thought that kills traders and makes them lose money is: I have got to make xx.xx amount of money every day or I made 500 yesterday I want to do it again today. That is very bad thinking. Some days this EA has given me 30 dollars and some days 900. You have to be satisfied with what the market gives you on a day by day basis. What you want is long term steady growth. You see your balance bigger than the carrying deficit and check the time of day, (do you think there maybe more). I tend to close most often before the USA session but if I...
I don't mind if I don't make a certain profit EVERY day. Even if I have an entire week of small losses, like I just did. My concern is that my results are different that everyone elses, so I'm thinking I have something wrong with my setup or the pairs I'm using. I'm in the US EST, so I typically open the EA when I get to work (around the US open), close it out when I leave work (around the US close), reopen it when I get home (around the JPY open) and let it run all night. I close everything when I leave for work (before the US open). I haven't had any one session have a huge loss.

Although considering that the AUD/NZD EA is performing well (using the same start and closing times I mentioned above), it means that the other pairs are losing significant money, since my overall result for the week is a loss.

It just seems that all sessions have had very little activity for me during the past week and each session it trades, it losses small amounts of money. Perhaps it's the pairs I'm using.

Would you mind sharing the pairs you are currently using with the EA?

Thanks for you help.
Anthony
  • #494
  • Dec 2, 2008 8:28pm Dec 2, 2008 8:28pm
Quoting acosta2269
I don't mind if I don't make a certain profit EVERY day. Even if I have an entire week of small losses, like I just did. My concern is that my results are different that everyone elses, so I'm thinking I have something wrong with my setup or the pairs I'm using. I'm in the US EST, so I typically open the EA when I get to work (around the US open), close it out when I leave work (around the US close), reopen it when I get home (around the JPY open) and let it run all night. I close everything when I leave for work (before the US open). I haven't...
I am trading 17 pairs,
from AUD crosses jpy, usd, nzd, cad, chf
from CHF/JPY
from EUR crosses chf,usd,jpy,gbp,cad
from NZD crosses jpy,chf,usd
from GBP/USD
from USD crosses jpy, chf

From the above group the ones that could give you trouble are the Eur/jpy, GBP/USD and maybe aud/jpy.

I do not trade GBP/JPY, GBP/CHF, GBP/NZD, USD/CAD, EUR/AUD these have all gotten me into trouble too often.

At present I am only going 8 levels deep or 6-700 points. Going deeper is using numbers I would never trade with, meaning I would not use enough money to cover that kind of depth. When I demo trade I trade like I would live. However, to learn how an EA or system works I will use large money accounts to see how deep the negatives will go.

I notice you are closing twice a day as a set schedule. That may not work best because the market does not neccesarily move or retrace in those time frames. The only thing I would suggest is to make sure you have the full range of the EA at the USA market open but other times it should handle any moves of the market. Try to learn to close at the retracements not a set time every day. If you are not deep in the hole keep the EA running or just close out and restart the currencies that are 3-4 or more levels deep.

I had one day in which all the currencies were 1 or 2 levels deep and two others were at level 5. Instead of taking the whole loss I just closed out the 2 currrencies that were deep and minimized my loss for that period. I went on to have a good day. Closing those 2 kept me from facing any big losses for the day.
  • #495
  • Dec 2, 2008 8:42pm Dec 2, 2008 8:42pm
Quoting nanningbob
[..]

I had one day in which all the currencies were 1 or 2 levels deep and two others were at level 5. Instead of taking the whole loss I just closed out the 2 currrencies that were deep and minimized my loss for that period. I went on to have a good day. Closing those 2 kept me from facing any big losses for the day.
I have noticed that mostly what bob and I talk about here as well as the other thread is closing out trades. I notice alot of people asking about settings and etc. but it seems like almost everyday or at least once a week I come back to posting 'closing out blah blah' keeps your from trouble. I really can't stress this enough I guess. With this system/ea it is all about the EXITS.

A good example is one that puts you behind the wheel of a car on the freeway. When you first started driving you got into the exit lane MILES from the exit because you were stressed out about missing it. As you become a more experience driver you start to relax and drive more natrually. Trading any system is all about the experience.
  • #496
  • Dec 2, 2008 8:47pm Dec 2, 2008 8:47pm
Quoting nanningbob
I notice you are closing twice a day as a set schedule. That may not work best because the market does not neccesarily move or retrace in those time frames. The only thing I would suggest is to make sure you have the full range of the EA at the USA market open but other times it should handle any moves of the market. Try to learn to close at the retracements not a set time every day. If you are not deep in the hole keep the EA running or just close out and restart the currencies that are 3-4 or more levels deep.
Thank you for your insight, Bob.

Basically I open and close the EA according to when I go to and come from work (I'm using a work laptop). I opened and closed the US session in an effort to try to isolate how the EA reacts during that time period.

I'm also opening and closing the 35x20 during the same times, but so far, it's been working great. I'm up over 11% in a week. Do you think closing twice a day is a problem for that EA as well?
  • #497
  • Dec 2, 2008 9:40pm Dec 2, 2008 9:40pm
Quoting acosta2269
Thank you for your insight, Bob.

Basically I open and close the EA according to when I go to and come from work (I'm using a work laptop). I opened and closed the US session in an effort to try to isolate how the EA reacts during that time period.

I'm also opening and closing the 35x20 during the same times, but so far, it's been working great. I'm up over 11% in a week. Do you think closing twice a day is a problem for that EA as well?
No I just do it once a day. I will normally avoid the USA session with that one but not always.
  • #498
  • Dec 3, 2008 8:10am Dec 3, 2008 8:10am
arnold49 brought up the point that different pairs have different characteristics. For instance, the 35X20 EA works better for the AUD/NZD than 100X80 would. He was going to try to do a spreadsheet. Is there any easy way to determine what might be better for eah pair?
  • #499
  • Dec 3, 2008 8:43am Dec 3, 2008 8:43am
Quoting paradoxical
arnold49 brought up the point that different pairs have different characteristics. For instance, the 35X20 EA works better for the AUD/NZD than 100X80 would. He was going to try to do a spreadsheet. Is there any easy way to determine what might be better for eah pair?
I've looked into doing this in excel but it is a bit daunting, so I will try simply running the two EAs, one at a time thru the strategy tester and try to find optimal settings for each, I'll look into this when I get home tonight.

Steve.
  • #500
  • Dec 3, 2008 9:04am Dec 3, 2008 9:04am
Thanks, Steve. I'm not real sure it could be done, except maybe for some broad results, since the market changes. I know that nanningbob had other threads with differing settings, and that he has done lots of testing and research.
Quoting Arnold49
I've looked into doing this in excel but it is a bit daunting, so I will try simply running the two EAs, one at a time thru the strategy tester and try to find optimal settings for each, I'll look into this when I get home tonight.

Steve.
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