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Nanningbob 60x90 EA

  • #321
  • Feb 10, 2009 1:25am Feb 10, 2009 1:25am
Quoting forexisfx
hey nanningbob, i got an idea. How about we turn this EA into trend trading ?

Change all sell into buy and all buy into sell. Touch red line = sell and touch green line = buy. If we do this, we don't have to worry about strong trend, only need to worry about strong reversal [strong trend happen more than strong reversal ? ] . I look at the chart and it looks interesting, maybe u wanna check it out on 1 h TF (smaller TF doesnt work well becoz the trend ends quickly) ?
To add on, maybe there can be 2 types of EA.

Type 1 EA [current EA]
Counter trend EA

Type 2 EA
Trend trading EA

Type 1 is for currency pair that doesn't do heavy trending [eg. AUDNZD]

Type 2 is for currency pair that will have strong trend [eg. EURGBP / EURUSD]
  • #322
  • Feb 10, 2009 2:00am Feb 10, 2009 2:00am
Quoting forexisfx
To add on, maybe there can be 2 types of EA.

Type 1 EA [current EA]
Counter trend EA

Type 2 EA
Trend trading EA

Type 1 is for currency pair that doesn't do heavy trending [eg. AUDNZD]

Type 2 is for currency pair that will have strong trend [eg. EURGBP / EURUSD]
type would probably have to be on daily and 4hr TF's....

but what would you do if it retraced back to the MA? as the trend has changed you sorta cant re-enter??
Grabbing the bull by the horns!
  • #323
  • Feb 10, 2009 2:12am Feb 10, 2009 2:12am
Just a reminder (already posted by other)

Fed Chairman Bernanke Testifies at 2pm according to forex factory
and senate is voting tomorrow

So watch out
  • #324
  • Feb 10, 2009 2:44am Feb 10, 2009 2:44am
Quoting forexisfx
hey nanningbob, i got an idea. How about we turn this EA into trend trading ?

Change all sell into buy and all buy into sell. Touch red line = sell and touch green line = buy. If we do this, we don't have to worry about strong trend, only need to worry about strong reversal [strong trend happen more than strong reversal ? ] . I look at the chart and it looks interesting, maybe u wanna check it out on 1 h TF (smaller TF doesnt work well becoz the trend ends quickly) ?
According to what TF and what trend? The 100x40 is a trend following EA. All you have to do is reverse the buy and sell commands and you can test it. What that will do is when it heads back to the median you are going against the grain instead of on the way up. You could end up having a trade go up to the yellow line and then you have your back against the wall as it travels to the other yellow line. This system was developed to prevent that trade which is basically the death trade in a Martingale system. That is what all martingale systems have tried in the past and failed at. But I know of no Martingale system that tried using this.
  • #325
  • Feb 10, 2009 2:47am Feb 10, 2009 2:47am
Quoting forexisfx
To add on, maybe there can be 2 types of EA.

Type 1 EA [current EA]
Counter trend EA

Type 2 EA
Trend trading EA

Type 1 is for currency pair that doesn't do heavy trending [eg. AUDNZD]

Type 2 is for currency pair that will have strong trend [eg. EURGBP / EURUSD]
That is what the 100x80 did. One followed the trend and the other went the opposite. So does the 30x20 and the rest of the AUD/NZD pairs. I will revisit the 100x80 concept with the 60x90 and see what happens.
  • #326
  • Feb 10, 2009 3:59am Feb 10, 2009 3:59am
Quoting nanningbob
That is what the 100x80 did. One followed the trend and the other went the opposite. So does the 30x20 and the rest of the AUD/NZD pairs. I will revisit the 100x80 concept with the 60x90 and see what happens.
yeh but wasnt a true trend follower in the sense as one would follow and one would be similar to this... i dont know how we could incorporate a trend follower into this sytem with the MA's....

focus on this one for now i reckon...
Grabbing the bull by the horns!
  • #327
  • Feb 10, 2009 5:41am Feb 10, 2009 5:41am
Quoting whitegoodman
real cash?

im live testing with pennies atm just to see how each currency works out... i noticed when looking at configuring each currency that when you go to lower TF's you can tend to miss entries on long gradual runs with same MA of course. (a good thing)

ive also switched to a 40MA based upon what i saw on the charts...
White,
No it's a demo but I'm going to try to trade it like real $. I've shut it down for the day with this vote coming up.
  • #328
  • Feb 10, 2009 6:07am Feb 10, 2009 6:07am
subscribe
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #329
  • Feb 10, 2009 6:21am Feb 10, 2009 6:21am
Quoting Toothman
White,
No it's a demo but I'm going to try to trade it like real $. I've shut it down for the day with this vote coming up.
I'm leaving mine on to see since mine are wider.. It is live and maybe I'll lose some money, but we'll see.

On another note, my aud/nzd hit the line but the ea didn't trade it. Could the spread have been too high?
  • #330
  • Feb 10, 2009 6:23am Feb 10, 2009 6:23am
How does anyone know the trend will continue? Isn't the reason you're trading 90 plus pips from center saying you're betting that it won't?
Quoting forexisfx
hey nanningbob, i got an idea. How about we turn this EA into trend trading ?

Change all sell into buy and all buy into sell. Touch red line = sell and touch green line = buy. If we do this, we don't have to worry about strong trend, only need to worry about strong reversal [strong trend happen more than strong reversal ? ] . I look at the chart and it looks interesting, maybe u wanna check it out on 1 h TF (smaller TF doesnt work well becoz the trend ends quickly) ?
  • #331
  • Feb 10, 2009 6:25am Feb 10, 2009 6:25am
Originally Posted by llambert3 http://www.forexfactory.com/images/buttons/viewpost.gif
Hey gary, did you keep the stop at 500 on these?

Yes. In my back tests, I used a 500 pips stop loss
  • #332
  • Feb 10, 2009 6:32am Feb 10, 2009 6:32am
Quoting paradoxical
Originally Posted by llambert3 http://www.forexfactory.com/images/buttons/viewpost.gif
Hey gary, did you keep the stop at 500 on these?

Yes. In my back tests, I used a 500 pips stop loss
Thanks, I did run the aud/usd back from august and there was one trade where the stop hit, but still overall it was positive. Anyway, here are all of mine so far..

Eur/Usd - 3L 15m 1601st, 90after, 500stop
Eur/Jpy - 4L 15m 1901st, 110after, 1000stop
Aud/Nzd - 3L 1hr 2001st, 90after, 500 stop
Gbp/Usd - 4L 5m 1601st, 110after, 800 stop
Usd/Jpy - 3L 30m 1601st, 90after, 500 stop
Aud/Usd - 3L 30m 1601st, 90after, 600 stop
Usd/Cad - 4L 15m 1601st, 90after, 1000stop

Not that I like the idea of a 1000 stop, but it just prevented losses, but as we all know nothing is for certain.... but if one 1000 stop is hit, but leaving it at 500 caused 2 stops to hit for certain, then I guess it is about equal. I will still play with the two to see if I can get better numbers.
  • #333
  • Feb 10, 2009 6:36am Feb 10, 2009 6:36am
Quoting Toothman
White,
No it's a demo but I'm going to try to trade it like real $. I've shut it down for the day with this vote coming up.

He doesnt speak until this afternoon so I will trade the morning session
  • #334
  • Feb 10, 2009 6:42am Feb 10, 2009 6:42am
Thanks for the EA

Regards
{Promotion Removed}
  • #335
  • Feb 10, 2009 6:46am Feb 10, 2009 6:46am
We're both on the same track. Must have taken you quite some time to run all those tests with different stops. My tests were run only from November 1 to avoid the dreaded October. I think there's literally thousands of ways to calculate entries. Your entries will give very few trades for sure, but also much safer ones than at 90 away. Would be much easier to just stick with one time frame like an hour. For instance, I'm not so sure that over the long haul there's much difference between a one hour chart at 130 away to a 15 minute chart at 100 away from center. I mean, once you're in the trade, you're in & I think it may be splitting hairs to try to get it down to a "perfect" chart time frame for entry. All I'm looking for is a decent range away from center that will PROBABLY keep me from getting stopped while at the same time giving me enough trades.
Quoting llambert3
Thanks, I did run the aud/usd back from august and there was one trade where the stop hit, but still overall it was positive. Anyway, here are all of mine so far..

Eur/Usd - 3L 15m 1601st, 90after, 500stop
Eur/Jpy - 4L 15m 1901st, 110after, 1000stop
Aud/Nzd - 3L 1hr 2001st, 90after, 500 stop
Gbp/Usd - 4L 5m 1601st, 110after, 800 stop
Usd/Jpy - 3L 30m 1601st, 90after, 500 stop
Aud/Usd - 3L 30m 1601st, 90after, 600 stop
Usd/Cad - 4L 15m 1601st, 90after, 1000stop

Not that I like the idea of a 1000 stop, but it just prevented losses, but as we all...
  • #336
  • Feb 10, 2009 6:58am Feb 10, 2009 6:58am
Quoting paradoxical
We're both on the same track. Must have taken you quite some time to run all those tests with different stops. My tests were run only from November 1 to avoid the dreaded October. I think there's literally thousands of ways to calculate entries. Your entries will give very few trades for sure, but also much safer ones than at 90 away. Would be much easier to just stick with one time frame like an hour. For instance, I'm not so sure that over the long haul there's much difference between a one hour chart at 130 away to a 15 minute chart at 100 away...
Well what I did was run the tester and looked at the graph. If it had some bumps I double-clicked the line to see where the trade happened that caused the problem. I then checked the chart and noticed it went right to the 500 pip stop just to reverse, so I moved the stop 100 from there and also widened the number some.. If it worked great, if not I kept going. You are right about the time frame and splitting hairs. I would like to have more trades than I am getting, that's for sure too. Its funny that I am wanting a 2nd level trade to happen, but I can barely get one trade. lol..

I would like to have more trades like the original, but I don't often think about news items to stop it as I work all day.
  • #337
  • Feb 10, 2009 7:15am Feb 10, 2009 7:15am
llambert, your post reminds me of a point I wanted to make. You want to run the EA while you're at work. Most of us do have other jobs. (that is until we can retire by using these EAs). The question to consider is do you want to get into a trade "early" when everybody is getting in, or later at a point where there's a good chance of at least a temporary reversal? Certainly, if person A gets into a trade at say 50 pips from center and person B gets in at 160 pips from center, person B is in much better shape. This is where I'm at in my thinking. Person B would stand much less chance of getting stopped. This is what I thought about in doing a back test, which was the average chance of getting stopped out at 90 pips away, 100, 110, etc., and what the probable best point away would be, with the test taking into consideration periods where the market trends.
  • #338
  • Feb 10, 2009 7:45am Feb 10, 2009 7:45am
Can you believe over 1000 people have downloaded this EA system so far. I may become very popular or cursed to high heaven depending on the results.
  • #339
  • Feb 10, 2009 8:15am Feb 10, 2009 8:15am
I can believe it, because it's a good system. The logic behind it is simple. When people are buying, you're selling, and vice versa. Like getting a good deal at a fire sale. There's a price where people at some point say either that's too high, or too low.
The other way is to go with the crowd. The problem I have going with the trend is knowing when it'll end and leaving me in the lurch holding a bagful of pairs no one wants anymore. If someone, anyone, can tell me when to know a trend is at the end, be my guest.
With this system, you're using a reference point (moving average) and buying or selling at extremes from that average. More often than not, it'll work. That's why this thread is drawing the crowds now.
Quoting nanningbob
Can you believe over 1000 people have downloaded this EA system so far. I may become very popular or cursed to high heaven depending on the results.
  • #340
  • Feb 10, 2009 8:23am Feb 10, 2009 8:23am
Quoting paradoxical
llambert, your post reminds me of a point I wanted to make. You want to run the EA while you're at work. Most of us do have other jobs. (that is until we can retire by using these EAs). The question to consider is do you want to get into a trade "early" when everybody is getting in, or later at a point where there's a good chance of at least a temporary reversal? Certainly, if person A gets into a trade at say 50 pips from center and person B gets in at 160 pips from center, person B is in much better shape. This is where I'm at in my thinking....
my thinking too!
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