100 x 80 EA oh boy | Page 29 | 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

  • #561
  • Dec 13, 2008 10:44am Dec 13, 2008 10:44am
This is the best explanation of how the forex works I have ever read. Please read it when you get a chance.

http://www.forexfactory.com/showthread.php?t=7484
  • #562
  • Dec 13, 2008 11:22am Dec 13, 2008 11:22am
Quoting IamTHAT
Thanks Bob, yourSELF doing wonderful job! I am sure I will be benefited by your work.
Is it possible to trade this with $500 if I start with 0.01 lot and just 10 pairs?
Is it possible for you to pick best 10 from the 18 you mentioned earlier?
How about the 10 safest pairs so lets do this by elimination
Aud/jpy and Eur/jpy because they are risk pairs
Eur/gbp because it has high margin usage
Aud/nzd because of high spreads
Gbp/Usd because of recent volatility
Aud/chf because it is a new pair and has shown volatility during its short time of being used.
NZD/USD because twice it has done spikes of over 1500 pips

That leaves us with 12 pairs left from my list. I will let you choose which 2 you dont want to use from the 12 left.

AUD-CAD,USD,
CHF/JPY
EUR-CAD,USD,CHF
NZD-JPY,CHF
USD-CAD,CHF,JPY,SGD

I decided I will start with these same 12 pairs and .02 to start at 1000 @ 400:1. I will be conservative and trade the same risk as your 500 @ .01
  • #563
  • Dec 13, 2008 3:32pm Dec 13, 2008 3:32pm
I live in Canada, when IBFX forwards me $$ from an account, it comes in as US funds, then is converted into Loonies, I solved that issue by opening a US funds account..


Quoting whitegoodman
ok this may be a little unrelated (so pm with answers) but any of you guys using ibfx live outside of the US...

i was just looking into getting a live account but theres an issue.

Say i deposit $1000 AUD, it then gets converted to say $600USD. If i trade that to $800 USD and want to withdraw it it gets converted to australian dollars back. That means if the exchange rate goes down more i could actually receive less than $1000 AUD even though ive made money???

what the?
  • #564
  • Dec 13, 2008 7:57pm Dec 13, 2008 7:57pm
Quoting nanningbob
How about the 10 safest

Aud/jpy and Eur/jpy because they are risk pairs
Eur/gbp because it has high margin usage
Aud/nzd because of high spreads
Gbp/Usd because of recent volatility
Aud/chf because it is a new pair and has shown volatility during its short time of being used.
NZD/USD because twice it has done spikes of over 1500 pips
GBPUSD looks good because of recent volatility. It's ranging very well if u look at the past months. If u compare EURUSD and GBPUSD which one is worst ?

Aud/nzd and Aud/chf also range very well for the past months.

IMO, EURGBP shouldn't be added into any list because it's moving slow and nowadays it tend to trend. Which means becoz of the slow movement it doesn't have enough pips when retrench for TP and it goes back to trend another day.

USDSGD might also have the same problem with EURGBP. USDSGD also has the potential problem of not enough retrench for TP.

One point we must take note is that we shouldn't take those pair which has too little volatility becoz it will not move enough for TP and u end up waiting for it to trend
  • #565
  • Dec 14, 2008 1:22am Dec 14, 2008 1:22am
Quoting forexisfx
GBPUSD looks good because of recent volatility. It's ranging very well if u look at the past months. If u compare EURUSD and GBPUSD which one is worst ?

Aud/nzd and Aud/chf also range very well for the past months.

IMO, EURGBP shouldn't be added into any list because it's moving slow and nowadays it tend to trend. Which means becoz of the slow movement it doesn't have enough pips when retrench for TP and it goes back to trend another day.

USDSGD might also have the same problem with EURGBP. USDSGD also has the potential problem of not enough...
The last time I used the GBP/USD live it kicked my butt. I will wait yet longer before using that pair. I want to see some economic recovery there so we dont get any more sudden dives.
  • #566
  • Edited 2:34am Dec 14, 2008 1:56am | Edited 2:34am
IMO, there is no such thing as safest pair to trade. It could be safe now but the next day it's not. The problem with safest pair is that u don't know when it will happen that it's not longer safe. The strategy here is to earn TP as much as possible for coming trades that u wanna close with a loss. Hopefully, ur TP is much more than the loss and u end up in profit. Sometimes is the safest pair that give u the loss and u have to use the profit from the "not" safest pair to cover it up.

If u are really safe with trading the safest pair, than what's the point of trading the non safest pair since it increase ur risk ?

If trading more pairs decrease ur risk, than why trade less pair and increase ur risk ?
  • #567
  • Dec 14, 2008 2:36am Dec 14, 2008 2:36am
Hi,

I tryed to calculate the lot size for a given minWin. (Please check the formulas)
Example:
TP = 100
LS = TP*0.80 = 80
minWin = TP - LS = 20 points
.
Attached Image (click to enlarge)
Click to Enlarge Name: LotsFinder_1.PNG Size: 27 KB
Attached File(s)
File Type: xls LotsFinder v1.xls   87 KB | 492 downloads
  • #568
  • Dec 14, 2008 2:39am Dec 14, 2008 2:39am
For other lot sizes (0.1 and 0.01):
.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: LotsFinder_01.PNG Size: 32 KB
Click to Enlarge Name: LotsFinder_001.PNG Size: 33 KB
  • #569
  • Dec 14, 2008 3:40am Dec 14, 2008 3:40am
A similar worksheet with lots factor calculation:
.
Attached Image (click to enlarge)
Click to Enlarge Name: smFinder v1.PNG Size: 29 KB
Attached File(s)
File Type: xls smFinder v1.xls   92 KB | 479 downloads
  • #570
  • Dec 14, 2008 7:58am Dec 14, 2008 7:58am
Quoting nanningbob
How about the 10 safest pairs so lets do this by elimination

That leaves us with 12 pairs left from my list. I will let you choose which 2 you dont want to use from the 12 left.

AUD-CAD,USD,
CHF/JPY
EUR-CAD,USD,CHF
NZD-JPY,CHF
USD-CAD,CHF,JPY,SGD

I decided I will start with these same 12 pairs and .02 to start at 1000 @ 400:1. I will be conservative and trade the same risk as your 500 @ .01
I am thinking of removing USDSGD and and one of the NZD pairs.
"Put all your efforts in becoming effortless"
  • #571
  • Dec 15, 2008 1:08am Dec 15, 2008 1:08am
So here's my graph for the week...... it's rather unusual.....
On thursday night I was going to bed with about $70 banked so far for the week, but about $300 DD.... I guessed there might be a retracement in the night, and of course I would be asleep and miss it.... so I attached an account protect EA to an additional chart and set it to close all trades when DD reached -$40..... what I failed to consider, was that the 100x80 ea's would then start opening fresh positions, and as the account protect was set at -$40 it would immediately close them again...... thus the long slow downward slope after the big peak.... eventually MT4 couldn't cope with this activity and I woke to find terminal frozen......
Demo accounts - what would we do without them?!
I am now going to look for some kind of account protector that when triggered disallows all EA's from starting up again....... I wonder if there is such a thing?

PS I have also attached total activity graph for past 5 weeks..... the steep upward slope in the middle is 0.05 starting lots - I began with 0.01.... and changed to 0.05 but then decided the large DD was too intimidating so switched to 0.02.
I'm probably going to try something like 60x48 this week as backtesting looks very favourable for these numbers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DetailedStatement14.gif Size: 5 KB
Click to Enlarge Name: DetailedStatement15.gif Size: 5 KB
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #572
  • Dec 15, 2008 3:01am Dec 15, 2008 3:01am
nanningbob
Can I confirmed that the EA signal for buy and sell is based on a daily moving average and not stochastics?
  • #573
  • Dec 15, 2008 8:39am Dec 15, 2008 8:39am
I am running this in demo mode, I have a $2500 mini going with default settings, from post 1, and just started $400 mini with default settings - UCad and - GU, the $2500 default seems to be gaining 40 - 70 a day so far, only ran it last week, I will post results of the other mini as i get data.
  • #574
  • Dec 15, 2008 5:39pm Dec 15, 2008 5:39pm
Quoting ronaldosim
nanningbob
Can I confirmed that the EA signal for buy and sell is based on a daily moving average and not stochastics?
It is not based on anything. I use MA only as a starting point not as an indicator. The code says if price is higher than the low--buy for the buy EA and if price is lower than the high--sell on the sell EA. As soon as you turn it on it does a buy and a sell. We are trading a price range not indicators.
  • #575
  • Dec 16, 2008 7:48am Dec 16, 2008 7:48am
the GU seems to be the money maker, the account that I dropped it is considerably less.
  • #576
  • Edited 8:44am Dec 16, 2008 8:04am | Edited 8:44am
Quoting forexisfx
GBPUSD looks good because of recent volatility. It's ranging very well if u look at the past months. If u compare EURUSD and GBPUSD which one is worst ?

ya i though so too.
  • #577
  • Dec 16, 2008 6:58pm Dec 16, 2008 6:58pm
Hi all
the demo acount that I started since 6 Nov 08 using the original 12 paris from post #1 at lot size 0.01 had grown to a nice balance of about $6400 from $3000. The EAs were run continuously. Well, it had crashed today casued by eurusd and usdchf leaving a balance of $2300.
  • #578
  • Dec 16, 2008 7:26pm Dec 16, 2008 7:26pm
Quoting ronaldosim
Hi all
the demo acount that I started since 6 Nov 08 using the original 12 paris from post #1 at lot size 0.01 had grown to a nice balance of about $6400 from $3000. The EAs were run continuously. Well, it had crashed today casued by eurusd and usdchf leaving a balance of $2300.
Yup gotta stay away from the news, especially interest rate statement unless you went in with a clean slate. In other words you close all your trades so you have the full protection of the range of the EA. It is better just to stay out though.
  • #579
  • Dec 16, 2008 7:42pm Dec 16, 2008 7:42pm
Quoting nanningbob
Yup gotta stay away from the news, especially interest rate statement unless you went in with a clean slate. In other words you close all your trades so you have the full protection of the range of the EA. It is better just to stay out though.
Hi Bob,

What is the best source for relevant news? Is it the just the Calendar at the home page of Forex Factory or a combination of a few things. What news events do we typically want to stay away from (high impact)?

Also, on a day like today with the US announcing the Fed Rate cut, what hours do you typically stay out of the market? Is it the entire US session or different times?
  • #580
  • Dec 17, 2008 5:33am Dec 17, 2008 5:33am
trouble brewing....

http://www.forexfactory.com/showthread.php?t=137836
Grabbing the bull by the horns!
0 traders viewing now