100 x 80 EA oh boy | Page 27 | 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

  • #521
  • Dec 7, 2008 3:21pm Dec 7, 2008 3:21pm
Quoting nanningbob
... The 4H is first the 1H is second. Hope this improves your trading decisions....
This leaves me somewhat baffled: isnt 100*80 hardwired to daily TF like 100*40 d1? Or it uses TF of the chart it is attached to?

Thnx
  • #522
  • Dec 7, 2008 3:28pm Dec 7, 2008 3:28pm
Quoting keramikus
This leaves me somewhat baffled: isnt 100*80 hardwired to daily TF like 100*40 d1? Or it uses TF of the chart it is attached to?

Thnx
100x80 is meant to trade both directions at the same time. It isn't hardwired to any one direction. At any time it should have buys and sells open because you run the buy EA on one chart and sell EA on the other.
  • #523
  • Dec 7, 2008 4:59pm Dec 7, 2008 4:59pm
Quoting keramikus
This leaves me somewhat baffled: isnt 100*80 hardwired to daily TF like 100*40 d1? Or it uses TF of the chart it is attached to?

Thnx
This is the first sentence of my post:

How can you tell what is a safe currency to trade?

I dont understand your question?
  • #524
  • Dec 8, 2008 4:30am Dec 8, 2008 4:30am
Thnx, I re-read the thread and found answer, sorry for confusion.
  • #525
  • Dec 10, 2008 7:46pm Dec 10, 2008 7:46pm
Please anyone!!! And Thanks to Bob. I have been using 100x80 on real account since last month, I have an idea if we could have buy limit and sell limit with "Grid Size" setting, I mean , for example we only open a sell limit position above 100 pips each grid size, not when we just start the EA there will be 2 open sell and buy position almost at the same time.

I have PM Bob, since he is busy I hope anyone could have coded this attched EA to become a Grid Style 100x80

I attach here is the Grid Monster EA, I think we just need to Add some code and make it Martingle/Pyramid/Double lot function enable!!! It could be good EA. Hope Bod could do me a favor how to code it.


Thanks alot
Attached File(s)
File Type: mq4 Grid MonsterEA~.mq4   14 KB | 1,426 downloads
File Type: pdf Grid MonsterEA User Manual.pdf   238 KB | 3,071 downloads
  • #526
  • Dec 10, 2008 8:40pm Dec 10, 2008 8:40pm
Quoting waltini1
Hi Nanningbob,

I notice you mention the largest daily range for a currency being 800 pips(for example) over a 7 year period....
Checking your account and currency history is vital to your success. It is often I will close sometime everyday so as to prevent this problem. I am working on a trade theory that has been very successful for two weeks and is a variation of this. It works great with the 100x80, at least so far, and addresses some of this.

BIG NOTE: Being profitable with this system does not always mean you wait for it to hit the 100 pip profit. If it has banked 200 dollars and the market retraces so your deficit is 75 dollars you close all for 125 dollar profit. That is how I originally set this EA up. (I am trading 18 pairs) You take every day or 2 days what the market gives you. This is how I trade this. Because we have had a slower week I have only closed all once this week. The currencies are ranging so there has been no need to do daily closes. I have not had one currency go over 4 levels deep. I will write more this weekend on how I am doing that.
  • #527
  • Dec 11, 2008 4:56am Dec 11, 2008 4:56am
NanningBob, would like to know your assessment of increasing trade sizes with increasing account equity. I mean, with 100*40, I successfully took demo 5000 standard account to 10000, then increased to 0.02 and I am taking it to 20000 (rising steadily). Then I plan to put in 0.03 and take it to 40000.

-What is your assessment of this strategy?
-If I do this live, how do you think broker would react? You think its safer to keep below 25000 threshold (this is IBFX limit for mini accounts, as far as I know)?
-Would you rather manage more small <5000 accounts and extract money on a constant basis and so keep a low profile?

thnx
  • #528
  • Dec 11, 2008 5:42am Dec 11, 2008 5:42am
Quoting keramikus
NanningBob, would like to know your assessment of increasing trade sizes with increasing account equity. I mean, with 100*40, I successfully took demo 5000 standard account to 10000, then increased to 0.02 and I am taking it to 20000 (rising steadily). Then I plan to put in 0.03 and take it to 40000.

-What is your assessment of this strategy?
-If I do this live, how do you think broker would react? You think its safer to keep below 25000 threshold (this is IBFX limit for mini accounts, as far as I know)?
-Would you rather manage more small <5000...
I have never had problems with IBFX but I have not used these sums of money either. I think that sounds good but the best way to check is to use Frost Calls excel program.
  • #529
  • Dec 11, 2008 7:59am Dec 11, 2008 7:59am
Just want to be sure of what you're saying. As you're on a standard demo account, you're going the equivalent of twenty cents on a mini account? Also, what pairs are you using? Thanks.
I'm using .03 on a $4,000.00 live account on 7 of the safest pairs. Highest drawdown about $300.00.
Quoting keramikus
NanningBob, would like to know your assessment of increasing trade sizes with increasing account equity. I mean, with 100*40, I successfully took demo 5000 standard account to 10000, then increased to 0.02 and I am taking it to 20000 (rising steadily). Then I plan to put in 0.03 and take it to 40000.

-What is your assessment of this strategy?
-If I do this live, how do you think broker would react? You think its safer to keep below 25000 threshold (this is IBFX limit for mini accounts, as far as I know)?
-Would you rather manage more small <5000...
  • #530
  • Edited 9:35am Dec 11, 2008 8:32am | Edited 9:35am
Paradox, basically the answer is yes; just to be safe i explain:

On mini:
- demo mini account with 500$ starts with 0.01 start position (value 1 cent)

if i want same risk proportions on standard, I multiply base capital *10, start lot size stays 0.01, and because of standard account this it is automatically multiplied by 10 and so:
- demo standard account starts with 5000$ with 0.01 start position (value 10 cents)

If I do like that, risk and probabilities are the same, only money numbers are ten times greater.

My basic question basically revolved around keeping low profile with my accounts, so I can milk the broker and not reach a certain threshold, where large lots and postitions would attract attention. That is also why I little modified EA code to delete comments from sent orders.

Am not familiar with FrostCall Excel, will look and study, thank you for pointer. If I understand this matter, EA user must balance margin usage against equity and so be careful with rising lot sizes.

EDIT: 100*40 live running on AUDCAD, AUDUSD, AUDJPY, EURCHF, EURJPY, EURUSD, GBPUSD, NZDUSD, USDCHF, USDJPY, CHFJPY
The big winners with hitting the TP in last 4 weeks are GBPUSD, AUDUSD and AUDCAD, runner-ups are EURCHF, EURUSD and EURJPY. The worst pairs performed are NZDUSD (no TP hits) and USDJPY (one TP hit). Will ditch two worst pairs if performance in next weeks is not improved.
  • #531
  • Dec 11, 2008 8:36am Dec 11, 2008 8:36am
Quoting keramikus
Paradox, basically the answer is yes; just to be safe i explain:

On mini:
- demo mini account with 500$ starts with 0.01 start position (value 1 cent)

if i want same risk proportions on standard, I multiply base capital *10, start lot size stays 0.01, and because of standard account this it is automatically multiplied by 10 and so:
- demo standard account starts with 5000$ with 0.01 start position (value 10 cents)

If I do like that, risk and probabilities are the same, only money numbers are ten times greater.

My basic question basically revolved...
finder 3 was posted nov. 20 and someone updated it and posted it in the aud/nzd in the last 24 hours
  • #532
  • Dec 11, 2008 8:36pm Dec 11, 2008 8:36pm
Quoting nanningbob
That is how I originally set this EA up. (I am trading 18 pairs) You take every day or 2 days what the market gives you. This is how I trade this. Because we have had a slower week I have only closed all once this week. The currencies are ranging so there has been no need to do daily closes. I have not had one currency go over 4 levels deep. I will write more this weekend on how I am doing that.
Looking forward to learn how u would trade 100x80. I got burn several times on trading AUDNZD alone. I'll switch to 100x80 next week and hope i could make a recovery. What's ur profit trading 100x80 this week ?
  • #533
  • Dec 11, 2008 11:12pm Dec 11, 2008 11:12pm
Quoting forexisfx
Looking forward to learn how u would trade 100x80. I got burn several times on trading AUDNZD alone. I'll switch to 100x80 next week and hope i could make a recovery. What's ur profit trading 100x80 this week ?
Up 1400 in two weeks trading .05 lots on 2000 dollars. In a bit of a jam right now but we will see how this news will run and how the EA handles it. The account has gone 780 in the whole which is the biggest DD so far. The market is retracing so I will look for an exit. Actually the only trade that is in trouble is the EUR/USD. It is in its 4th day without a retracement and has hit level 7. I am only playing 8 levels so I need any kind of retracement to lessen my loss. I will bail out of it and see how the others will run.
  • #534
  • Dec 11, 2008 11:28pm Dec 11, 2008 11:28pm
0.05 lot is a bit of a big leverage for a $2000 account and there is potential of getting a margin call. But now ur account is up to $3000+, it shouldn't be a problem. I think it's better to trade 0.03 lot on $2000 and change to 0.05 lot when reach $3000.
  • #535
  • Dec 11, 2008 11:57pm Dec 11, 2008 11:57pm
Quoting forexisfx
0.05 lot is a bit of a big leverage for a $2000 account and there is potential of getting a margin call. But now ur account is up to $3000+, it shouldn't be a problem. I think it's better to trade 0.03 lot on $2000 and change to 0.05 lot when reach $3000.
I agree, when I go live I will start at .02 or .03 but I like using a bigger number when I demo to see if it will overwhelm the amount used. If it survives .05 at 2000 then I feel good about using .02 or .03 with 2000. I always test with my demo what I want to do live just to see if it feasible. I also try to trade it like it is live. I want the real feel before the real thing.
  • #536
  • Dec 12, 2008 12:06am Dec 12, 2008 12:06am
Quoting nanningbob
I agree, when I go live I will start at .02 or .03 but I like using a bigger number when I demo to see if it will overwhelm the amount used. If it survives .05 at 2000 then I feel good about using .02 or .03 with 2000. I always test with my demo what I want to do live just to see if it feasible. I also try to trade it like it is live. I want the real feel before the real thing.
So the account which up +1400 from 2000 is demo account ?
  • #537
  • Edited 6:09am Dec 12, 2008 5:36am | Edited 6:09am
Quoting nanningbob
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.
The DD for level 7 is around $400 and level 8 is double $800 [for 0.02 lot]. Since there is no enough money to go level 10 which need around $3000, maybe we should change the setting of 100x80 to be max trade level 7 and set SL to 800 which will bring the loss to $1000. The SL is there only to give us time to exit ourselves. The advantage of changing max trade level 7 SL 800 is that we can afford to use more lot thus increase our profit since most of the time trades are level 5 and below. I don't see a point having max trade @ level 10 since we can't affort level 10 DD and we don't intend to go there.

It's like telling the EA "hey, stop adding money when level 7. I'll take it from there"

I was think of max trade 5 using 0.1 lot for $2000 account SL @ 800 (For emergency). When max trade is reached, we will look for exit.

What do u think about this 2 other method of trading 100x80 ? Both of them is trying to increase lot size so as to earn more from lower level and not having to blow up account.
  • #538
  • Dec 12, 2008 8:18am Dec 12, 2008 8:18am
Ok I think I have a successful way of trading the 100x80 for almost any market. Does not mean you will profit every single day but it will keep you out of disaster trades and keeps the losses under a manageable control. For those of you that have followed me I thank you. Some of you have written me personal notes and I hope to make not only my life a little better but yours also. I think this will work under any market conditions and with 1500-2000 minimum this will work. First let me show you the chart and then I will tell you how I did it.
Attached Image (click to enlarge)
Click to Enlarge Name: 100x80 2 weeks.gif Size: 5 KB
  • #539
  • Dec 12, 2008 8:26am Dec 12, 2008 8:26am
Quoting nanningbob
Ok I think I have a successful way of trading the 100x80 for almost any market. Does not mean you will profit every single day but it will keep you out of disaster trades and keeps the losses under a manageable control. For those of you that have followed me I thank you. Some of you have written me personal notes and I hope to make not only my life a little better but yours also. I think this will work under any market conditions and with 1500-2000 minimum this will work. First let me show you the chart and then I will tell you how I did it.

already getting excited

i shall call this account 4
Grabbing the bull by the horns!
  • #540
  • Edited 9:24am Dec 12, 2008 8:41am | Edited 9:24am
First you notice that the two weeks were slow steady and smooth. Not much up and down action. Then you see Thursday night and Friday's excitement. Yet we kept the account under control.

The settings first: 100TP, reenter 80, Levels 8, stop loss set at 650, lots .05. Started the account at 2000 dollars and closed with a 1143 profit. That is 57% increase over 2 weeks or around 570 week. I could deal with that.

Here is the basic philosophy.

1. pairs traded. From my 7 year currency fact sheet I only traded pairs that went over 700 points less than 5 times. Those were
AUD-CAD,CHF,USD, NZD,
CHF/JPY
EUR-CAD,USD,CHF,GBP
GBP/USD
NZD-USD,JPY,CHF
USD-CAD,CHF,JPY,SGD
17 pairs plus

I decided to choose one risk pair from aud/jpy, gbp/chf, eur/jpy and I chose eur/jpy first week, aud/jpy second week. Dont ask me why I just did :nerd:
Total 18 pairs.

Of this group the ones that could give the most trouble if ever would be:
gbp/usd, aud/chf, aud/jpy
The rest will pretty much behave them selves under all market conditions.

I donot recommend under any conditions the following pairs: eur/aud, gbp/jpy, gbp/nzd, or more than one risk pair.
1 trader viewing now