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Nanningbob 60x90 EA

  • #221
  • Feb 7, 2009 12:39am Feb 7, 2009 12:39am
Quoting 137
may i suggest to use the 89 MA instead of the 80 as 89 is a fibonacci number. just an idea...

btw i am quickly becoming a believer of this seemingly powerful system. thanks again
The difference between a median line at 80 or 89 is not significant when playing 1100 pip range of and EA. I am not a fib man. My study of fibs lines was they only worked when a fib line also matched a support or resistance line. I am not a believer in FIB lines. I find resistance and support lines much more reliable.
  • #222
  • Feb 7, 2009 12:47am Feb 7, 2009 12:47am
Quoting 137
also, and i'm not sure if this has been mentioned, but does it make sense to have a breakeven function for these EAs? maybe even as close as 20 pips?
Yes I expect there to be improvements in the system. I have already developed ones for the AUD/NZD and USD/JPY and they are being tested on live demos. I suspect over time we will find better formulas to some of these currencies over time. I did a KISS system; a one size fits all knowing that improvements will come over time.
  • #223
  • Feb 7, 2009 2:00am Feb 7, 2009 2:00am
Quoting nanningbob
Welcome to the club. After I had traded for two years of frustration. winning losing winning losing and really not making any money. I got to...
wow. thank you so much Nanningbob.

change the future, not the past
  • #224
  • Feb 7, 2009 2:04am Feb 7, 2009 2:04am
Quoting nanningbob
The difference between a median line at 80 or 89 is not significant when playing 1100 pip range of and EA. I am not a fib man. My study of fibs lines was they only worked when a fib line also matched a support or resistance line. I am not a believer in FIB lines. I find resistance and support lines much more reliable.
fair enough, sounds good. and no i have never found fib lines to be reliable either.
change the future, not the past
  • #225
  • Feb 7, 2009 2:09am Feb 7, 2009 2:09am
Quoting nanningbob
Yes I expect there to be improvements in the system. I have already developed ones for the AUD/NZD and USD/JPY and they are being tested on live demos. I suspect over time we will find better formulas to some of these currencies over time. I did a KISS system; a one size fits all knowing that improvements will come over time.
well i will do my very best to make constructive suggestions on any improvements we may decide to undertake. currently i am working on a variable set that might work effectively on the eurusd 5 min chart. i will post as soon as i have made any progress with it...
change the future, not the past
  • #226
  • Feb 7, 2009 2:34am Feb 7, 2009 2:34am
Quoting 137
well i will do my very best to make constructive suggestions on any improvements we may decide to undertake. currently i am working on a variable set that might work effectively on the eurusd 5 min chart. i will post as soon as i have made any progress with it...
Great, it is simply impossible for me to find the best settings for every currency. When people make suggestions please show live trades or live demo trades showing us how it works. Thanks
  • #227
  • Feb 7, 2009 5:40am Feb 7, 2009 5:40am
Quoting nanningbob
Yes I expect there to be improvements in the system. I have already developed ones for the AUD/NZD and USD/JPY and they are being tested on live demos. I suspect over time we will find better formulas to some of these currencies over time. I did a KISS system; a one size fits all knowing that improvements will come over time.
What kind of improvement u did for AUDNZD and USDJPY ? Maybe we could pool in some idea based on the improvement u gonna make
  • #228
  • Feb 7, 2009 8:14am Feb 7, 2009 8:14am
Quoting spynamax
Sorry...but i don't understand the quit problem!!
For example i stop this morning before Eur session....but i stop the EA Function on top bar and leave to continue the rest opened trades...
But i think you intend different mode.
In effect is the first day in 1 week that account go back!!
my demo account in 1 week grow from 3000 to 4000 until now with 22 currencies and standard 3 level system like manual!!
I try to put slot from .01 to .02 now but freeze everything...after 30 min. MT4 continue to be blocked!!!
I restart platform and open immediatly...
this is my demoreport 1st week..
Monday i have only 9 currencies and from tuesday i add all the rest of 22!!
Standard system like manual on 3 level
I switch off friday morning before Eur session open but i leave the opened trades continue...in effect friday was the first big loss!!
I don't understand when it's better exit at all or it's netter only switch off when there are the big news!!
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  • #229
  • Feb 7, 2009 9:15am Feb 7, 2009 9:15am
Quoting forexisfx
What kind of improvement u did for AUDNZD and USDJPY ? Maybe we could pool in some idea based on the improvement u gonna make
At this point I dont want to put on every idea I have. I want to test and idea for a week or two before I post it. My thread would be 5000 pages for every untested idea thought up. I tried this system for almost 10 days before I posted it and live trades made it look like a sound idea. So some of my stuff you wont see for another week or two. You havent seen a lot of my failures. They look good but when I test them live you can see why they wont work. So let my ideas run for a test first. Its how I operate.
  • #230
  • Feb 7, 2009 9:21am Feb 7, 2009 9:21am
A visual backtest using a 40 MA and an hourly chart is easier on the eyes than the 80 MA on charts with the lower time frames. My preference is fewer trades at a range that is extreme. For instance, I wouldn't mind just one or two trades a week on several currencies and have it go only one level or maybe two. Figuring out what the optimal setting for each currency is the difficult part. Would it possibly be 120 on the EUR/USD and 130 on the GBP/USD, and 100 on the USD/JPY and 90 on the USD/CAD, etc.? I don't want to enter too soon and have a strong trend take me beyond a third level, which is where the trouble starts. If I don't get into trades until the pair is at 130 PIPS from the 80 MA (for example) and have to miss trades that would have otherwise been made, many times this will save me from ever having to worry about a fourth or fifth level. I'd rather have only one trade a week on a currency that wins, than having more trades where I'm worrying about a fourth level. Kind of like not entering until the pair is 250 PIPS from center. Might only get a trade every two weeks, but it would be a good one.
Quoting nanningbob
Great, it is simply impossible for me to find the best settings for every currency. When people make suggestions please show live trades or live demo trades showing us how it works. Thanks
  • #231
  • Feb 7, 2009 9:30am Feb 7, 2009 9:30am
Quoting spynamax
this is my demoreport 1st week..
Monday i have only 9 currencies and from tuesday i add all the rest of 22!!
Standard system like manual on 3 level
I switch off friday morning before Eur session open but i leave the opened trades continue...in effect friday was the first big loss!!
I don't understand when it's better exit at all or it's netter only switch off when there are the big news!!
I try to get out of all trades before the USA session on Friday. The reason is the gaps from the weekend can mess up the whole reenter formulas plus currencies can gap 100-300 pips or more. If you get into the Friday USA session and you get deep in the hole the problem then can be compounded by the gaps. You may see some loss on Friday but the consequences of staying in can be much worse. So that is one of my rules. Many of the traders who have followed my thread have run Friday and gotten out OK but the first time you get whacked by the Monday gaps they know what I am talking about. It will happen thats guaranteed.
  • #232
  • Feb 7, 2009 11:34am Feb 7, 2009 11:34am
Hello Nannigbob,


You are 100% correct about not carrying over trades from Friday. I learned a long time ago that lesson.


Regards,
Jeff



Quoting nanningbob
I try to get out of all trades before the USA session on Friday. The reason is the gaps from the weekend can mess up the whole reenter formulas plus currencies can gap 100-300 pips or more. If you get into the Friday USA session and you get deep in the hole the problem then can be compounded by the gaps. You may see some loss on Friday but the consequences of staying in can be much worse. So that is one of my rules. Many of the traders who have followed my thread have run Friday and gotten out OK but the first time you get whacked by the Monday...
  • #233
  • Feb 7, 2009 11:49am Feb 7, 2009 11:49am
Quoting nanningbob
I try to get out of all trades before the USA session on Friday. The reason is the gaps from the weekend can mess up the whole reenter formulas plus currencies can gap 100-300 pips or more. If you get into the Friday USA session and you get deep in the hole the problem then can be compounded by the gaps. You may see some loss on Friday but the consequences of staying in can be much worse. So that is one of my rules. Many of the traders who have followed my thread have run Friday and gotten out OK but the first time you get whacked by the Monday...
Thank you very much Nanningbob...
now i understand correctly the behaver...
So the better rule is to try step by step to get out in the friday in all trades with the smaller lost is possible... perfectly!!
  • #234
  • Feb 7, 2009 5:29pm Feb 7, 2009 5:29pm
Quoting paradoxical
My preference is fewer trades at a range that is extreme. For instance, I wouldn't mind just one or two trades a week on several currencies and have it go only one level or maybe two. Figuring out what the optimal setting for each currency is the difficult part. Would it possibly be 120 on the EUR/USD and 130 on the GBP/USD, and 100 on the USD/JPY and 90 on the USD/CAD, etc.? I don't want to enter too soon and have a strong trend take me beyond a third level, which is where the trouble starts. If I don't get into trades until the pair is at 130...
im with you paradoxical... ill be eyeballing the 16 currencies ive chosen and figuring out unique settings for each today
Grabbing the bull by the horns!
  • #235
  • Feb 7, 2009 6:30pm Feb 7, 2009 6:30pm
Whitegoodman, must be mental telepathy or something. I've been looking at the charts for a few hours and making some notes. The difficulty in doing these manual backtests is due to the different time frame charts. In any event, nanningbob recommends the 5 minute chart for the GBP/USD. If you used the 90 PIP EA, you'd have been stopped out a few times in January, and that's no good. Believe it or not, I think you need to move the range on this pair to 170. The GBP can move and move one way or the other without much of a retrace. Personally, I wouldn't trade the GBP at 90, but will at 170. Not many trades that way, but using that distance keeps you from getting into trades that would have you in them for a 500 pip downturn.
I've checked the AUD/USD, and I think the best setting on this would be 105 PIPS away. Will be checking more as time goes on.
My thinking is the further away from center your trades are placed from center, the more likely you are it will retrace, because the further away, the more tension there is on that "rubber band".
As long as I don't have to chart watch, and these trades can be made for me by the EA, I don't see any problem in going as far away from center as possible, without getting so far away that I wouldn't get enough trades.
IMHO, this is what a computer is for, which is what an EA is. It's to do the math for you and make the entries while you can't.
Quoting whitegoodman
im with you paradoxical... ill be eyeballing the 16 currencies ive chosen and figuring out unique settings for each today
  • #236
  • Edited 7:16pm Feb 7, 2009 6:49pm | Edited 7:16pm
Quoting paradoxical
Whitegoodman, must be mental telepathy or something. I've been looking at the charts for a few hours and making some notes. The difficulty in doing these manual backtests is due to the different time frame charts. In any event, nanningbob recommends the 5 minute chart for the GBP/USD. If you used the 90 PIP EA, you'd have been stopped out a few times in January, and that's no good. Believe it or not, I think you need to move the range on this pair to 170. The GBP can move and move one way or the other without much of a retrace. Personally, I wouldn't...
Good job guys, let us know what you discover. Just to let you know to get a wider spread you can also lower the time frame. Kept the numbers simpler.
  • #237
  • Feb 7, 2009 9:53pm Feb 7, 2009 9:53pm
Interesting approach, will give it more attention the coming week and setup a demo.

Somewhere earlier I saw the post about Friday trading:
my idea, don't trade on Friday's, an old Dutch banker friend told me that once, as on that day you can lose all you made during the earlier part of the week.

Must have had a GOOD reason for that.
  • #238
  • Feb 8, 2009 2:39am Feb 8, 2009 2:39am
how can i set up many accounts running these EAs on one machine?

i want to build different combos of EAs in different EAs

just dont want to have a different computer for each account.
the markets moving, time to get in!
  • #239
  • Feb 8, 2009 3:24am Feb 8, 2009 3:24am
Quoting dmjservices
how can i set up many accounts running these EAs on one machine?

i want to build different combos of EAs in different EAs

just dont want to have a different computer for each account.
have a different mt4 program/folder for each account....
Grabbing the bull by the horns!
  • #240
  • Feb 8, 2009 3:28am Feb 8, 2009 3:28am
so does that mean you can run the EAs from different accounts at the same time?
the markets moving, time to get in!
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