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Is This My Holy Grail EA :D

  • #1,701
  • Nov 30, 2008 9:04am Nov 30, 2008 9:04am
That should work well if the correlation between the two currencies is <= 0.9 on a 30M or higher chart.
  • #1,702
  • Nov 30, 2008 3:00pm Nov 30, 2008 3:00pm
Quoting mt41969
That should work well if the correlation between the two currencies is <= 0.9 on a 30M or higher chart.
Actually the correlation between two pairs is irrelevant with this system. If a currency goes beyond the range of the EA it makes no difference what the other currency is doing. You will still have a loss.
  • #1,703
  • Dec 4, 2008 9:11pm Dec 4, 2008 9:11pm
N...Bob:

I happen to view this great thread and look through your rocking system.

I have not spent a lot of time to study it over. but looks like a filter is being seeked???

a filter that can make the user determined to STOPLOSS?

if so, i think maybe a basket indicator is good for that.

this buysellbasket indicator is I grabbed from T101's thread and did some editing. See the image, the red thick line represents if you buy "GBPUSD ,EURGBP ,GBPJPY ,USDCHF ,NZDUSD ,AUDJPY ,EURJPY, EURUSD ,USDJPY ,AUDUSD ,NZDJPY ,GBPCHF ,CHFJPY ,EURCHF ;" how much total price change % is for the whole basket. the yellow and green line are for all long xxxjpy or xxxusd, respectively.

the thing that make you determined to stoploss is when the red line shows a significant change of angle, and you also see your drawdown is increasing, StopLoss NOW!

Hope this helps better than the trader's emotions. When this basket indicator shows an angle, it is a trend that we should NOT run against, because of all pairs doing same direction.
Attached Image (click to enlarge)
Click to Enlarge Name: bsb.gif Size: 28 KB
Attached File(s)
File Type: mq4 BuySellBasketTotal_vM.mq4   11 KB | 932 downloads
  • #1,704
  • Dec 4, 2008 11:04pm Dec 4, 2008 11:04pm
Quoting charvo
N...Bob:

I happen to view this great thread and look through your rocking system.

I have not spent a lot of time to study it over. but looks like a filter is being seeked???

a filter that can make the user determined to STOPLOSS?

if so, i think maybe a basket indicator is good for that.

this buysellbasket indicator is I grabbed from T101's thread and did some editing. See the image, the red thick line represents if you buy "GBPUSD ,EURGBP ,GBPJPY ,USDCHF ,NZDUSD ,AUDJPY ,EURJPY, EURUSD ,USDJPY ,AUDUSD ,NZDJPY ,GBPCHF ,CHFJPY ,EURCHF...
I have been thinking of using a basket system with this but have not had the time to study it. Please report more as you learn, I think this would help.
  • #1,705
  • Dec 5, 2008 8:08am Dec 5, 2008 8:08am
Hi Bob,

It looks like you are still chugging along with your EA's. Glad to hear it.

Just wanted to drop in and say hello, and good luck!



Dave
  • #1,706
  • Dec 5, 2008 4:28pm Dec 5, 2008 4:28pm
Quoting PistolDave
Hi Bob,

It looks like you are still chugging along with your EA's. Glad to hear it.

Just wanted to drop in and say hello, and good luck!



Dave
Hey Dave. Good to see you again. Making some PT money with the AUD/NZD and the 100x80 looks good on about 15 pairs. Because the market is nutso now the 100/40 is only working on a limited amount of the slower pairs or if you can monitor it some are successful all day long. Hope to hear from you again.
  • #1,707
  • Dec 8, 2008 9:39pm Dec 8, 2008 9:39pm
Quoting nanningbob
If you are going to use the 50/20 both ways: the best pairs to use it with are:
AUD/NZD, EUR/CAD, USD/JPY, EUR/GBP

I have been very successful trading with .05 lots and a 250 SL

Do NOT trade the following times:
AUD/NZD 16 GMT-24GMT
EUR/CAD & USD/JPY- NEVER DURING THE USA SESSION I will close 1-3 hours before the USA session
EUR/GBP anytime but I trade it the same times as AUD/NZD
Do not start trading if outside S1/R1.
NEVER TRADE DURING A Trichit or Bernanke speech or a major news story dealing with interest rates. Also any other super major...
Hi NanningBob,

I know the AUDNZD is doing well...as I am following its progress on the other thread, as well as seeing the increase in my demo accounts.

Just checking though, ...would you still now recommend the other pairs apart from the AUDNZD (i.e. USDJPY, EURGBP & EURCAD) for trading the 50/20 or 50/15 both ways?

If so... have you been getting good results from these other pairs in comparison to the AUDNZD ...or is the AUDNZD heavily outperforming them in profits?

Best Regards,
JoeQ
  • #1,708
  • Dec 8, 2008 10:00pm Dec 8, 2008 10:00pm
Quoting nanningbob
Hey Dave. Good to see you again. Making some PT money with the AUD/NZD and the 100x80 looks good on about 15 pairs. Because the market is nutso now the 100/40 is only working on a limited amount of the slower pairs or if you can monitor it some are successful all day long. Hope to hear from you again.
Hi Bob,

I have just finished reading this thread (took days ...but very very good material ...much thanks for the contributions)

While reading I saw a number of variants of the EA ...100/40, 50/40, 60/45, 100/125, 100/30.

I hope i am not oversimplifying things ...but is it fair to say that:
* The 50/40 & 60/45 are now rarely used (if at all).
* The ideas of the 100/125 for handling greater range has been fulfilled in the 100x80. So the 100x125 not much used
* Having gone through the fire the 100/40 and 100/30 are the survivors of this thread (Audnzd, and 100x80 threads have other ea's).
  • #1,709
  • Dec 8, 2008 10:03pm Dec 8, 2008 10:03pm
Quoting JoeQuant
Hi NanningBob,

I know the AUDNZD is doing well...as I am following its progress on the other thread, as well as seeing the increase in my demo accounts.

Just checking though, ...would you still now recommend the other pairs apart from the AUDNZD (i.e. USDJPY, EURGBP & EURCAD) for trading the 50/20 or 50/15 both ways?

If so... have you been getting good results from these other pairs in comparison to the AUDNZD ...or is the AUDNZD heavily outperforming them in profits?

Best Regards,
JoeQ
Eur/cad never during the USA market
AUD/CAD is much better
Eur/Gbp if it settles down quits going over 200 pips in a days time.
USD/JPY seems to work outside the USA market also
The aud/nzd has that unique feature of not making long runs. Other currencies do. That is why it works with that one EA.

I like the 100/80 on about 15-18 pairs and seems to be working well for me. I am about to go live doing that. It makes some good money without putting all your eggs in one basket.
  • #1,710
  • Dec 9, 2008 7:33am Dec 9, 2008 7:33am
Quoting JoeQuant
Hi Bob,

I have just finished reading this thread (took days ...but very very good material ...much thanks for the contributions)

While reading I saw a number of variants of the EA ...100/40, 50/40, 60/45, 100/125, 100/30.

I hope i am not oversimplifying things ...but is it fair to say that:
* The 50/40 & 60/45 are now rarely used (if at all).
* The ideas of the 100/125 for handling greater range has been fulfilled in the 100x80. So the 100x125 not much used
* Having gone through the fire the 100/40 and 100/30 are the survivors of this thread...
Because the market is so volatile it is hard to find currencies that will stay in the 3-400 pip range of the 100/40. I mean even the eur/gbp, the most boring currency pair on the market is moving 300+ pips right now. I have demoed it using the slowest pairs and it does work but the profit is not there like it was in the past. I am doing much better with the 100x 80 and AudNzd right now. It is sad because I spent 8 months perfecting that thing and then congress passes a 800 billion bailout package and the market has been nuts ever since. Well, what can I say. It was my first successful EA but the market simply is too volatile right now. If things ever settle down again I am sure it will be a successful EA but I am gone from home 10 hours a day and cant monitor it during these volatile runs.
  • #1,711
  • Dec 9, 2008 7:52am Dec 9, 2008 7:52am
Quoting nanningbob
Because the market is so volatile it is hard to find currencies that will stay in the 3-400 pip range of the 100/40. I mean even the eur/gbp, the most boring currency pair on the market is moving 300+ pips right now. I have demoed it using the slowest pairs and it does work but the profit is not there like it was in the past. I am doing much better with the 100x 80 and AudNzd right now. It is sad because I spent 8 months perfecting that thing and then congress passes a 800 billion bailout package and the market has been nuts ever since. Well, what...
Bob,

Thanks for the response....the last few months have really shown the need to adapt to changing market volatility.

Some economic analysts say that they expect things to calm down a bit in the new year...lets see.

I'll check out the 100x80

Regards,
JoeQ
  • #1,712
  • Dec 25, 2008 3:08am Dec 25, 2008 3:08am
... and your family and friends.

Wishing you great prosperity in the coming new year. And maybe a little fun too.

Bob, I admire you for your persistence in your EA development and trading strategy.

Once the markets stabilize some, the system should be profitable again. I want to keep in contact, so keep up the good work.

Here's a small gift for everyone:
It's a youtube video called "The Whipsaw Song" by trading legend Ed Seykota.
It's not new -- it's been here before -- but it's funny and it's something to keep you entertained while you wait for the next trade. I hope you enjoy it.

Inserted Video


Best wishes
  • #1,713
  • Dec 29, 2008 7:31pm Dec 29, 2008 7:31pm
Quoting PistolDave
... and your family and friends.

Wishing you great prosperity in the coming new year. And maybe a little fun too.

Bob, I admire you for your persistence in your EA development and trading strategy.

Once the markets stabilize some, the system should be profitable again. I want to keep in contact, so keep up the good work.

Here's a small gift for everyone:
It's a youtube video called "The Whipsaw Song" by trading legend Ed Seykota.
It's not new -- it's been here before -- but it's funny and it's something to keep you entertained...
Merry Christmas and Happy New Year to you too. I enjoyed the song and thanks for sharing.
  • #1,714
  • Dec 29, 2008 7:31pm Dec 29, 2008 7:31pm
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
  • #1,715
  • Dec 31, 2008 9:19pm Dec 31, 2008 9:19pm
It's the last day of 2008...
...and I wish for all my friends here on Forex Factory a wonderful and profitable new year.
Thank you for all your help.
I have learned a lot about trading here, and I hope to return the favors someday by helping others become better traders as well.
Happy New Year!
  • #1,716
  • Jan 1, 2009 2:56am Jan 1, 2009 2:56am
Quoting PistolDave
It's the last day of 2008...
...and I wish for all my friends here on Forex Factory a wonderful and profitable new year.
Thank you for all your help.
I have learned a lot about trading here, and I hope to return the favors someday by helping others become better traders as well.
Happy New Year!
thanks Dave, Happy New Year.
  • #1,717
  • Jan 1, 2009 9:33am Jan 1, 2009 9:33am
Wishing you all friends here a Very Happy and Profitable New Year.
Special Thanks to Bob for his untiring work and teaching, I learnt a lot from this thread.
  • #1,718
  • Jan 17, 2009 10:10pm Jan 17, 2009 10:10pm
Hi Bob, are you still there??? Just want to let you know that I've been following this thread right from the start and I really admire your determination and stamina in trying to make this EA work. I'm still a newbie so half of the time I couldn't really understand what u guys are talking about but I think I can catch at least 70% of it. I'm also a martingle fan ever since I bought the Forex Funnel - in fact I was searching for thread with martingle as the topic of discussion and that's how I discover this thread.

Bob, I may be a newbie and have zero programming ability but I have a very clear idea of what and how my ideal EA should behave and I was pleasantly surprised to find that you share at least one of the main features of my ideal EA and that is to split the EA into TWO ie one seller and one buyer instead of lumping them together (this is the biggest weakness of Forex Funnel, the other big weakness is that each level is much too shallow - only 20 to 25 pips deep). What I have in mind is a simple EA which will only execute ONE trade (or rather a serie of orders ie the martingle concept) and when that trade or serie of orders is closed the EA will terminate itself and REMOVE ITSELF from the chart and if I want to reenter another trade, I'd have to turn it on again myself. I hope you understand what I'm trying to say.

So, my simple question to you Bob is this - can an EA be programmed to terminate itself (once the trade had been closed) and then REMOVE ITSELF from the chart automatically????

Sincerely hope you'd have the time to answer my question.

Thanking you in advance & God bless!

Philip Lee
  • #1,719
  • Jan 18, 2009 3:47am Jan 18, 2009 3:47am
Quoting Philip Lee
Hi Bob, are you still there??? Just want to let you know that I've been following this thread right from the start and I really admire your determination and stamina in trying to make this EA work....
You can contact Ronald Raygun and I think he can program that feature into this EA. Contact and ask him. The other option is to use the EA to enter the original poition of the trade, turn the EA off and use the buy or sell limit/stop options in pending orders and you can set up your own one time Martingale system. That is a little more work but a viable way of doing it. I am not home very much because of my work so I rely on an EA to get my entrances that I want and then monitor it from there. My thread 100/80 Oh Boy has buy only and sell only EAs using this type of system. The trading Aud/Nzd successfully has other versions of this system.
  • #1,720
  • Jan 18, 2009 5:45am Jan 18, 2009 5:45am
Hi Bob,

Thanks very much for the speedy reply. Oh, there's no need to ask anyone to program for me. All I want to know is that it can indeed be done. What's more, what I've described above is just part of my ideal EA - my ideal EA would be a semi-auto '3 in 1' model - basically 3 separate EAs which need my personal manual input in order to work together - the Signal Generator EA, the Buyer EA and the Seller EA.

The Signal Generator will be based on the 'Triple Screen' trading system, 40 EMA, 80 EMA, Stoch (9,3,3) & William's % (21). The Buyer/Seller EA would have a 'two-tier' approach eg if the trend is in our favour, a trailing stop of 35 pips will 'kick in' once we are in profit of 50 pips or more but if trend goes against us, the martigale strategy will 'kick in' with a definable max no. of levels, TP and depth of each level. Other features like safe guarding our capital, protection against over trading etc will also be incorporated into it.

I'm pretty sure that my ideal EA as described above can be programmed and I actually intend to employ professional programmer to code it for me but not now, maybe in 2 months time when I will receive the funds from the sale of my company recently - then I'd have all the finance and time to turn my ideal EA into reality.

Anyway, I've just looked at the table which you've shared on the historical maximum no. of pips per day over the past 7 odd years - I was impressed by the amount of work and time that had been invested in producing it. Bob, did you do that yourself or did you obtain it from the internet??? I notice that the date was up to 21st Feb 2008 only. Bob, do you have one which is more updated??? especially the months of Nov & Dec 2008 where the market really went crazy.

Bob, I can tell by reading through this thread that you are a very generous person and that's a very special & extraordinary gift from God. Sorry to bring in God here but believe me Bob, continue to use this special gift of yours in ways that pleases Him such as what you are doing (sharing) here in this thread and He will SURELY reward you generously in return. Mark my last few words here.

OK, gotta go.

God bless!

Philip Lee
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