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100 x 80 EA oh boy

  • #581
  • Dec 17, 2008 6:24am Dec 17, 2008 6:24am
Quoting acosta2269
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?
Anything that has to do with interest rates, Bernanke speaking, Trichet and any other super news story. Most of the stories posted on the calendar will not affect the 100x80 as a rule but the bailout votes have caused major havoc on the markets. Beware of any story dealing with the auto makers. If a big story hits I would find a quick exit. The day GM files for bankruptcy I would pack it in and be glad you got out of the forex market alive. The truth is the only place I have really gotten burnt is during the US market time.
  • #582
  • Dec 17, 2008 6:26am Dec 17, 2008 6:26am
Quoting whitegoodman
trouble brewing....

http://www.forexfactory.com/showthread.php?t=137836
Yeah I read that yesterday. Obviously that would affect my EA you would have to use twice as much margin to trade and that may or may not be worth it.
  • #583
  • Dec 17, 2008 6:31am Dec 17, 2008 6:31am
I am going to close out my accounts this week for the year. My wife and I have 2 weeks off for Christmas and I decided that I am not going to trade during this time. I need some time off from trading and traditionally Christmas time is not a great time to trade anyway. I will check in occasionally to posts but I need a break. I went 7 straight weeks of winning and then the last 10 days have not been so good. So take a break, walk away and come back in 2009.
  • #584
  • Dec 17, 2008 6:47am Dec 17, 2008 6:47am
Quoting nanningbob
I am going to close out my accounts this week for the year. My wife and I have 2 weeks off for Christmas and I decided that I am not going to trade during this time. I need some time off from trading and traditionally Christmas time is not a great time to trade anyway. I will check in occasionally to posts but I need a break. I went 7 straight weeks of winning and then the last 10 days have not been so good. So take a break, walk away and come back in 2009.
Happy Christmas Bob and have a nice time.

I have managed to keep afloat with my audnzd live account. Though I made just $74 on $300 account in about 20 days, the feeling is good and still lot to be learnt. I will be looking forward to you in 2009.
"Put all your efforts in becoming effortless"
  • #585
  • Dec 17, 2008 7:09am Dec 17, 2008 7:09am
Quoting nanningbob
The day GM files for bankruptcy I would pack it in and be glad you got out of the forex market alive.

From what I heard the Treasury is bailing out the big 3 so I do not think we will have to worry about GM filing bankruptcy.
  • #586
  • Dec 18, 2008 1:31am Dec 18, 2008 1:31am
Quoting toyoproxo
From what I heard the Treasury is bailing out the big 3 so I do not think we will have to worry about GM filing bankruptcy.
Well the treasury is having second thoughts. Chrysler is paying everyone to the end of December and then is out of money. They are closing all their factories for 30 days and are hoping to sell enough inventory to open back up again. If not they maybe finished. GM is not far behind, the problem they are facing and it is a practice that was going to bite them sooner or later but people can no longer finance cars and be upside down in them. Banks, etc. will not take those type of loans anymore. So there are millions of cars out there people can no longer trade in because they owe more than what they are worth. With banks etc under a tighter lending leash people cant get loans so they have to keep their cars. You must have some money now to get a car and that is going to take time to shake out. Most people are going to have to pay down their cars to trade again and if we have deflation they never will until they are paid off. This is very serious and why the car companies are in trouble. Years and Years of taking car loans for greater value than the car. ITS PAYDAY TIME. Unless us wonderful taxpayers bail them out. nice huh.
  • #587
  • Dec 18, 2008 2:18am Dec 18, 2008 2:18am
Wanna good scare read these quotes, it is ............. well read for yourself.

http://www.forexfactory.com/news.php?do=news&id=138418
  • #588
  • Edited 2:31pm Dec 19, 2008 9:00am | Edited 2:31pm
http://www.forexfactory.com/images/icons/icon1.gif 100/40 Update
I know we're not dealing with the 100/40 in this thread but everyone's posting here now so thought I'd throw this in. Here are my settings:
Trading only the EUR/USD ,.01 or .02 lots, mult. 1.5, max. trades 15, no stoploss, letting EA run all week, shutting down usually by thur. night.
Beginning balance-$3000
Balance after week 1-$3130 (.01) lots, Deepest trade level (9)
week 2-$3239 (.01) (10)
week 3-$3409 (.02) (10)
week 4-$3484 (.02) (9)
week 5-$3543 (.02) (6)
week 6-$3595 (.05) (4)
week 7-$3771 (.05) (11)- Won't trade this big of a lot with this kind of balance again. Was two trades away from a margin call. What a roller coaster ride of a week. Would have been up $466 if I closed thur. pm. but left run and had to take a big hit fri. am. Still up $120 for the week. Will go back to smaller lots.
  • #589
  • Dec 24, 2008 7:26am Dec 24, 2008 7:26am
Quoting Toothman
http://www.forexfactory.com/images/icons/icon1.gif 100/40 Update...
week 8- $3793 (.02) (4) -only traded one day with the holiday. So I've averaged about $100 a week for two months. At this rate it would take about 8 months to double a $3000 account.
  • #590
  • Edited 2:14am Dec 27, 2008 1:59am | Edited 2:14am
Here is a MTF indicator I think would work well with my system. When the red arrows are showing use the sell EA when they are green use the buy EA.

http://www.forexfactory.com/showthre...48#post2438848

We test this and it works we would have it .................... MAYBE ????? I have attached the indicator for you to try but the thread on it is above for you to read on.

Merry Christmas
Attached File(s)
File Type: mq4 _TRO_Dashboard.mq4   19 KB | 646 downloads
  • #591
  • Dec 29, 2008 9:27pm Dec 29, 2008 9:27pm
Quoting IamTHAT
Happy Christmas Bob and have a nice time.

I have managed to keep afloat with my audnzd live account. Though I made just $74 on $300 account in about 20 days, the feeling is good and still lot to be learnt. I will be looking forward to you in 2009.
Happy new year, I hope it will be a good one but I have my doubts. For the economy and business it doesnt look good. Because I run a school I will ok for 2nd semester but if business does not pick up by summer I could be looking at a very tough fall.

I am not an expert by any means but I thought I would share some thoughts over what I see coming. Even though traders think they run the markets that is simply not true. The Forex was created so that businesses could trade currencies and do business with one another around the globe. Since businesses will be slowing down for the forseeable future I expect the following to happen:

1. Since there will be less money being exchanged market swings will be bigger than normal. This may not make sense but with fewer exchanges there will be more gaps between trades. This will cause bigger swings because when a big exchange does happen there will be fewer buyers and sellers out there so price has to go deeper to find enough buyer/sellers to handle the exchange.
2. If #1 is true then brokers/banks will have to enlarge the spread to cover their butts on trades. We are really seeing this during the Christmas season right now. I just saw the EUR/GBP at 12 pips. I wanted to do a buy but backed off with the wider spread.
3. With bigger swings and wider spreads it will be more difficult for my EAs because they are based on prices staying within a certain range and the spacing of the reentries will be affected by the wider spreads.

I am going to continue to sit on the sidelines and demo the first week of January to test out my out look for the new year. If I am wrong then maybe the 2nd or 3rd week I will jump back in live. If not I will try to just manually trade for a while and see if I can catch a couple of these big moves. I wish you all the best, I have always tried to be honest with my EAs and report what I think. I hope I am wrong.

nanningbob
  • #592
  • Jan 20, 2009 6:18pm Jan 20, 2009 6:18pm
Quoting nanningbob
Also attached is the template. MA 80 blank, no EA is attached to this template. If you want to use it you must drag the EA on and then save it to a new template.
As instructed, I put "100x80 ma 80 blank.tpl" in the Template folder with my FXDD demo account. However, the cahrt looks different from the one posted at #519, no MA green , orange, red lines, etc. What am I missing here?

I just discovred this EA and am much exited about the potentials.

Thanks a lot!
  • #593
  • Jan 22, 2009 12:25am Jan 22, 2009 12:25am
Quoting nanningbob

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
Would you recommend using the new 100x60 with 600 S/L or the original 100x80 with 825 S/L method, please? I've downloaded and installed templates and EAs and everything. Now, I am all ready to demo on my FXDD account.

Thanks a lot!
  • #594
  • Jan 22, 2009 1:53am Jan 22, 2009 1:53am
Quoting michaelhryu
Would you recommend using the new 100x60 with 600 S/L or the original 100x80 with 825 S/L method, please? I've downloaded and installed templates and EAs and everything. Now, I am all ready to demo on my FXDD account.

Thanks a lot!
Depends on how many levels and what currencies. You look at my 7 year currency facts and see what currencies stay in the 600 pip range and stay with those. The problem right now with these trade two ways is prices are fluctuating wildly and are going farther than ever before. Makes it tough with such a system. It really depends on how much money you have to play with.
  • #595
  • Jan 25, 2009 11:22am Jan 25, 2009 11:22am
Quoting joeTrue
Hi esters,

bob mention to place the 100x80 in the profile folder.

After unzipping, your zip program may create a folder call 100x80.
If so, the charts will not get loaded automatically.
The chart01.chr - chart25.chr have to be on the same level as your
"100X80 BUY SELL 01" folder.

Close the MT4 and restart, the charts which bob place in should open up automatically.
Bob has already include which pairs to trade in the package. You don't even have to manually open the charts one by one.
Thanks bob for the great job.

A picture speaking a...
How can I set up a number of different screen profiles, and then save/import the profiles as Bob has done with the 100x80 folder?

Last night I saved a couple of my own profiles (because FXDD didn’t have a couple of pairs missing from Bob’s profile), but the profiles I saved are all gone. On checking I discovered that my profiles are not saved as “chart01.chr - chart25.chr, etc. Am I missing something, or my MT4 platform has a problem?
  • #596
  • Jan 25, 2009 9:54pm Jan 25, 2009 9:54pm
Quoting michaelhryu
How can I set up a number of different screen profiles, and then save/import the profiles as Bob has done with the 100x80 folder?

Last night I saved a couple of my own profiles (because FXDD didn’t have a couple of pairs missing from Bob’s profile), but the profiles I saved are all gone. On checking I discovered that my profiles are not saved as “chart01.chr - chart25.chr, etc. Am I missing something, or my MT4 platform has a problem?
Save each kind of profile with a different name. I have found when I make changes I also must save the profile. MT4 supposedly saves changes automatically when you close but I have found that is not always true. So when you set up a profile, save it first then run it. That is what I do. If that doesnt solve the problem I dont have any idea. Maybe some of these other guys can help.
  • #597
  • Jan 25, 2009 11:39pm Jan 25, 2009 11:39pm
As always, thanks Bob!

I forgot to mention that I was running MT4 on Vista Business 32-bit installed laptop. After posting the message, I discovered that my profiles had been saved properly on my XP desktop. It looks as if there were some compatibility issue between Vista and MT4.

Anyway, I found my MT4 settings were corrupted after I downloaded/installed multiple MT4 platforms on my laptop, not because I needed them, but I was just killing time and experimenting with this and that, so to speak.

I think I read somewhere that Bob installed 8 instances of MT4 on his computer and live trading on two platforms and demo trading on a few other platforms, though. I was wondering up to how many MT4 platforms I could successfully run on my computer. My laptop is a fairly new model with 2.53 GHz Core 2 processor and 3 GB RAM.
  • #598
  • Jan 26, 2009 12:25am Jan 26, 2009 12:25am
Quoting michaelhryu
As always, thanks Bob!

I forgot to mention that I was running MT4 on Vista Business 32-bit installed laptop. After posting the message, I discovered that my profiles had been saved properly on my XP desktop. It looks as if there were some compatibility issue between Vista and MT4.

[font=Times New Roman][size=3]Anyway, I found my MT4 settings were corrupted after I downloaded/installed multiple MT4 platforms on my laptop, not because I needed them, but I was...
I have 1G of ram and that really loads it up. I am looking at 4GB or ram and upgrading my processor. Need more space.
  • #599
  • Jan 26, 2009 2:43am Jan 26, 2009 2:43am
Go to this thread p. 4 and see pics of a trade with IBFX see how they are messing with it.


http://www.forexfactory.com/showthre...=1#post2493412
  • #600
  • Feb 1, 2009 4:19am Feb 1, 2009 4:19am
OK here it is, the complete system

http://www.forexfactory.com/showthre...=1#post2507114
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