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Nanningbob 60x90 EA

  • #401
  • Feb 11, 2009 5:48pm Feb 11, 2009 5:48pm
Quoting llambert3
maybe I asked you before, but is .05 lots 5cents, 50cents or $5? I am trading live at .01 (1cent) and made $5.08 total for the week using my way of trying to avoid losses, not many trades.
im only about $7 for the week on my live account... tho thats on a $100 account balance and havent had a trade go level 2 yet
Grabbing the bull by the horns!
  • #402
  • Feb 11, 2009 5:50pm Feb 11, 2009 5:50pm
Quoting whitegoodman
im only about $7 for the week on my live account... tho thats on a $100 account balance and havent had a trade go level 2 yet
You didn't have a 2level on GU this week? What about ucad? I had 2L on both, but they are out now. Only in an AudUsd buy now.
  • #403
  • Feb 11, 2009 5:59pm Feb 11, 2009 5:59pm
Quiet day but they just past the stimulus bill, took them all day to negotiate. The question now is, now what? Do or dont I trade todays session. I just remember what happened the last time a record day, so what will happen today????? Any guesses ???
  • #404
  • Feb 11, 2009 6:11pm Feb 11, 2009 6:11pm

Below is the distance away and chart and EA I use


AUDCAD 120, 1 hour
NZDJPY 130, 15 min
USDSGD NO
AUDUSD 130, 30m
AUDJPY 120, 15m
CHFJPY 130, 30m
EURCHF 130, 15m
NZDCHF NO
NZDUSD 110, 15 min
USDJPY NO
EURJPY 120, 15 min
EURUSD 150, 15m
USDCHF 120, 5 min
USDCAD 150, 30m
GBPUSD 160, 5 min
EURGBP NO
AUDCHF 130, 15 min
AUDNZD NO

I am currently trading all of these live at .10 each on 3 level EAs. My settings are similar to what Whitegooman is using, and in some cases identical, as he was kind enough to share with me his settings. May look like too far away to some. These are just my personal preferences in an attempt to avoid stops.


Quoting michaelhryu
Trading 6 pairs with your suggested settings, my account went up by $61 before the untimely internet failure last night. Safe and steady way of trading 60x90! I couldn’t be happier and wish it had been a live trading. I’d very much like to hear about your settings on the GBP/USD and USD/CHF as well.

As always, thank you very much!

Michael
  • #405
  • Feb 11, 2009 6:12pm Feb 11, 2009 6:12pm
Bob,
Your posts lately seem to be a day off
They passed the bill yesterday, today was the meeting with CEO's of all the major banks asking them what they did with the money.
  • #406
  • Feb 11, 2009 6:28pm Feb 11, 2009 6:28pm
Quoting nanningbob
Quiet day but they just past the stimulus bill, took them all day to negotiate. The question now is, now what? Do or dont I trade todays session. I just remember what happened the last time a record day, so what will happen today????? Any guesses ???

I would personally shut down your live account but run the demos, especially for the USA session tomorrow.
  • #407
  • Feb 11, 2009 6:43pm Feb 11, 2009 6:43pm
Quoting llambert3
You didn't have a 2level on GU this week? What about ucad? I had 2L on both, but they are out now. Only in an AudUsd buy now.
i havent even had a level 1 with the gbpusd this week... tho i would have if i had of traded US session...
Grabbing the bull by the horns!
  • #408
  • Feb 11, 2009 6:47pm Feb 11, 2009 6:47pm
Quoting paradoxical
AUDCAD 120, 1 hour
NZDJPY 130, 15 min
USDSGD NO
AUDUSD 130, 30m
AUDJPY 120, 15m
CHFJPY 130, 30m
EURCHF 130, 15m
NZDCHF NO
NZDUSD 110, 15 min
USDJPY NO
EURJPY 120, 15 min
EURUSD 150, 15m
USDCHF 120, 5 min
USDCAD 150, 30m
GBPUSD 160, 5 min
EURGBP NO
AUDCHF 130, 15 min
AUDNZD NO
Here are my current settings if anyones wondering...(ill be tinkering with them though if ever so slightly, im think maby go to 60MA and change TF's on a few, move out 10pips here or there etc)

ok ive bumped it up to 17 currencies in the basket now...

averaging maby 5 or 6 trades a day, hoping to get 5% a week...

ok all currencies are 40MA not 80MA, my thinking is you can trade the news better when price spikes as it has to spike hard to hit the first line....

AUDNZD, 90 pips for first, 1hr
AUDCAD, 120, 1 hr
NZDJPY, 120, 1hr
USDSGD, 100, 1hr
AUDUSD, 120, 30m
AUDJPY, 150, 30m
CHFJPY, 120, 30m
EURCHF, 120, 30m
NZDCHF, 120, 30m
NZDUSD, 120, 30m
USDJPY, 140, 30m
EURJPY, 160, 15m
EURUSD, 150, 15m
USDCHF, 120, 15m
USDCAD, 120, 15m
GBPUSD, 150, 15m
EURGBP, 120, 15m
Grabbing the bull by the horns!
  • #409
  • Feb 11, 2009 6:50pm Feb 11, 2009 6:50pm
Quoting whitegoodman
IBFX offer nano lots.... 0.01 lot on mini account = nano, 0.01 lot on standard account = micro
Thanks for the explanation
  • #410
  • Feb 11, 2009 6:55pm Feb 11, 2009 6:55pm
I think it's a given that the stimulous bill will pass, and it's not going to be earth shattering news. The only thing I can't figure out is where they get that 900 billion dollars from? WAIT! I know! It's from everbody who doesn't ALREADY work for the government! Welcome to Europe, America. Socialism in not so incremental steps. This time one giant leap forward.
Quoting toyoproxo
I would personally shut down your live account but run the demos, especially for the USA session tomorrow.
  • #411
  • Feb 11, 2009 8:16pm Feb 11, 2009 8:16pm
Quoting paradoxical
I think it's a given that the stimulous bill will pass, and it's not going to be earth shattering news. The only thing I can't figure out is where they get that 900 billion dollars from? WAIT! I know! It's from everbody who doesn't ALREADY work for the government! Welcome to Europe, America. Socialism in not so incremental steps. This time one giant leap forward.
It was not that they would pass, if something surprising happened the markets would have been gone nuts. There is so much there and just like the previous one there are going to be surprises. I am actually happy that is done but I still am going to be wary of the US session today.
  • #412
  • Feb 11, 2009 8:20pm Feb 11, 2009 8:20pm
has anyone been experimenting with running the GBPUSD on the 1 min chart?

i've just done a visual backtest, and alhough they can deceiving, it looks quite promising...
change the future, not the past
  • #413
  • Feb 11, 2009 8:49pm Feb 11, 2009 8:49pm
Quoting llambert3
maybe I asked you before, but is .05 lots 5cents, 50cents or $5? I am trading live at .01 (1cent) and made $5.08 total for the week using my way of trying to avoid losses, not many trades.
.05= 5 cents with IBFX
  • #414
  • Feb 11, 2009 8:57pm Feb 11, 2009 8:57pm
Quoting 137
has anyone been experimenting with running the GBPUSD on the 1 min chart?

i've just done a visual backtest, and alhough they can deceiving, it looks quite promising...
I've been running GBP/JPY and G/U on a 1M chart this week. The GU might not make enough trades on a 1M but the GBP/JPY has done very well with several trades.
  • #415
  • Feb 11, 2009 9:09pm Feb 11, 2009 9:09pm
Quoting Toothman
I've dropped the GBP/CHF but have kept the GBP/JPY and GBP/USD trading on 1M charts. All other pairs have been moved down one TF also. $211 for the week so far trading 4L $1000 on .05-.06 (.10 AUD/NZD) lots. Saw margin level down as low as around 700% at one point. You still get a fair amount of trades moving down a TF. Thought about dropping GBP/JPY but that pair has made $71 of the $211. Will keep for now.
Dang, you've made that much money already trading less than dimes???? Great!
  • #416
  • Feb 11, 2009 9:35pm Feb 11, 2009 9:35pm
btw based upon my calculations ur recovery EA lot size does not have to be double your original lot size...

if your orginal lot size is 0.1 or roughly 10cents a pip you could set the recovery EA to 0.09 (based upon going to level 5) and still make $2.20 once reaching the 100TP (based on USD pair)... jsut food for thought with regards to reducing risk and lot size
Grabbing the bull by the horns!
  • #417
  • Feb 11, 2009 10:19pm Feb 11, 2009 10:19pm
Quoting Toothman
I've been running GBP/JPY and G/U on a 1M chart this week. The GU might not make enough trades on a 1M but the GBP/JPY has done very well with several trades.
excellent, good to know..
change the future, not the past
  • #418
  • Feb 11, 2009 10:23pm Feb 11, 2009 10:23pm
Quoting whitegoodman
btw based upon my calculations ur recovery EA lot size does not have to be double your original lot size...

if your orginal lot size is 0.1 or roughly 10cents a pip you could set the recovery EA to 0.09 (based upon going to level 5) and still make $2.20 once reaching the 100TP (based on USD pair)... jsut food for thought with regards to reducing risk and lot size
good work. i'm very skeptical of using the recovery EA however. once price trends like a mofo it often doesn't come back enough to reach a decent TP. i'm thinking it might be better to just take a loss...
change the future, not the past
  • #419
  • Feb 11, 2009 11:16pm Feb 11, 2009 11:16pm
Quoting 137
good work. i'm very skeptical of using the recovery EA however. once price trends like a mofo it often doesn't come back enough to reach a decent TP. i'm thinking it might be better to just take a loss...
depends how often you have to take a loss i guess on whether you use recovery...

i like the use of it though, not that ive used it yet...
Grabbing the bull by the horns!
  • #420
  • Feb 12, 2009 5:23am Feb 12, 2009 5:23am
per Bob's suggestion, I have attempted to open multiple live accounts on IBFX.
The system would only allow me to have three live accounts at a time. How do you guys get around this? One for the kids? The spouse? The dog?
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