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Nanningbob 60x90 EA

  • #421
  • Feb 12, 2009 5:51am Feb 12, 2009 5:51am
Quoting jthomas71
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?
could you point out which page or post Bob mentions this, or explain it? thanks
change the future, not the past
  • #422
  • Edited 7:29am Feb 12, 2009 7:05am | Edited 7:29am
Boy this is like waiting for a ticking time bomb. I am out of this week. I dont trust it at all. Will demo but I am closing my live accounts for the week. Good luck. I made money Monday and Tuesday and I am keeping my profits. I dont like the looks of this at all. I maybe over reacting but .................
  • #423
  • Feb 12, 2009 7:10am Feb 12, 2009 7:10am
Quoting nanningbob
Boy this is like waiting for a ticking time bomb. I am out of this week. I dont trust it at all. Will demo but I am closing my live accounts for the week. Good luck. I made money and Tuesday and I am keeping my profits. I dont like the looks of this at all. I maybe over reacting but .................

It should be a good test for a worse case scenerio. I will update my results on Friday.
  • #424
  • Feb 12, 2009 7:12am Feb 12, 2009 7:12am
im gonna live trade it on both accounts... but ill be watching it move first then turning it back on when it looks to have stopped
Grabbing the bull by the horns!
  • #425
  • Feb 12, 2009 7:30am Feb 12, 2009 7:30am
guys have a look at this attachment and tell me what the hell we would do in this situation. just a deadly sequence. is the idea that, if trading enough currency pairs, the smaller wins will make up for this loss, or losses?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot 01.gif Size: 21 KB
change the future, not the past
  • #426
  • Feb 12, 2009 7:49am Feb 12, 2009 7:49am
Quoting 137
guys have a look at this attachment and tell me what the hell we would do in this situation. just a deadly sequence. is the idea that, if trading enough currency pairs, the smaller wins will make up for this loss, or losses?

Not good, it looks like at least two 500 pip stop losses.
  • #427
  • Feb 12, 2009 7:52am Feb 12, 2009 7:52am
December was not a good month for a lot of pairs, EUR/USD included. When I did my visual and Strategy Tester back test, I saw the same thing you did. I realize Strategy Tester is inaccurate, so I backed it up by manually looking at the charts). Not only on this pair, but on others, where the pair just keeps going up or down and stays a distance away from center for a few days on a march either up or down 400 PIPS or more.

If you take those two lines on opposite sides of the Moving Average line and move them further distances away, you can make your own calculation of how far they should have been from center to avoid that stop out (which came on 12-17-08 for the EUR/USD and quite a few other pairs). In the case of the EURO, I moved the line 150 PIPS away on a 15 minute chart to avoid being stopped. I did the same study with all the other pairs, using different distances away and different chart time frames.

December may have been an atypical month, and possibly won't happen again. Or, there could be a month even worse. No way to know. All I did was use what happened in a 3 month window to make my guesses. I'll miss out on some trades that'll be winners going this far out. On the other hand, I shoiuld miss out on some that would be stopped out.
  • #428
  • Feb 12, 2009 7:55am Feb 12, 2009 7:55am
I had intended on going live, but on second thought decided not to. Don't want to risk an adverse reaction tomorrow. Plus, want to be flat by Friday afternoon anyway. Will start next week.
Quoting nanningbob
Boy this is like waiting for a ticking time bomb. I am out of this week. I dont trust it at all. Will demo but I am closing my live accounts for the week. Good luck. I made money Monday and Tuesday and I am keeping my profits. I dont like the looks of this at all. I maybe over reacting but .................
  • #429
  • Feb 12, 2009 10:37am Feb 12, 2009 10:37am
Quoting 137
guys have a look at this attachment and tell me what the hell we would do in this situation. just a deadly sequence. is the idea that, if trading enough currency pairs, the smaller wins will make up for this loss, or losses?
I cant tell what pair this is??
  • #430
  • Feb 12, 2009 11:24am Feb 12, 2009 11:24am
My setup seems to be handling today just fine. Just chuggin away collecting the pips
3 level 2s open at the moment but all 3 sitting in profit.
I'll post my week's statement tomorrow.
  • #431
  • Feb 12, 2009 11:26am Feb 12, 2009 11:26am
Quoting nanningbob
I cant tell what pair this is??

Eur/Usd on 30 min chart
  • #432
  • Feb 12, 2009 11:42am Feb 12, 2009 11:42am
Although it is very quiet day still I managed to make $140. on a 3000 demo account. I kept the original setting and I trade 14 pairs . I like it when it is like that never exceeded level 2. 1st march will be my live trading
  • #433
  • Feb 12, 2009 11:56am Feb 12, 2009 11:56am
harar, yeah you are seeing what i'm seeing
I am trading on 16 pairs with $2500. of course, it's now 2880
Am diggin this method for sure
  • #434
  • Feb 12, 2009 2:30pm Feb 12, 2009 2:30pm
Looks like the aud/nzd barely moves now. The 200 setting I am using seems foolish. Not one trade all week. If there was only a way to know for sure when those unexpected moves would happen
  • #435
  • Feb 12, 2009 2:50pm Feb 12, 2009 2:50pm
Quoting llambert3
Looks like the aud/nzd barely moves now. The 200 setting I am using seems foolish. Not one trade all week. If there was only a way to know for sure when those unexpected moves would happen
I recommend heavily invest in a crystal ball!

Seriously though... that is the horrible thing about it. You never know when those big moves will happen, the best you can do is shut down during VERY important news to avoid this. It works most of the time... but sometimes, ya.
  • #436
  • Edited 4:58pm Feb 12, 2009 4:39pm | Edited 4:58pm
Your initial trade is set 200 PIPS from center? If so, why not 80 or 90?
Quoting llambert3
Looks like the aud/nzd barely moves now. The 200 setting I am using seems foolish. Not one trade all week. If there was only a way to know for sure when those unexpected moves would happen
  • #437
  • Feb 12, 2009 6:33pm Feb 12, 2009 6:33pm
this 60 pip level on the EURJPY seems to work pretty well. could prove to be a bit close though...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot 01.gif Size: 26 KB
change the future, not the past
  • #438
  • Feb 12, 2009 6:34pm Feb 12, 2009 6:34pm
Quoting paradoxical
Your initial trade is set 200 PIPS from center? If so, why not 80 or 90?
The 200 was the number that prevented a loss since august 2008 is all. I mean I realize moving the pips from the center to such a great number on this one and all the others just worked during the crazy months of 2008 and even worse can happen in the future. Maybe it is better to use 90 and not go so deep and have a quick stop and be done...
  • #439
  • Feb 12, 2009 7:05pm Feb 12, 2009 7:05pm
Quoting nanningbob
Boy this is like waiting for a ticking time bomb. I am out of this week. I dont trust it at all. Will demo but I am closing my live accounts for the week. Good luck. I made money Monday and Tuesday and I am keeping my profits. I dont like the looks of this at all. I maybe over reacting but .................
I shut down this am. for the week and took a smallish floating loss but ended week +216. Really liking this EA Bob. By the way, my 100/40 on the EUR/USD is still chugging along averaging $60-$80 a week.
  • #440
  • Feb 12, 2009 8:21pm Feb 12, 2009 8:21pm
Running 3L 60x90 on the following 10 pairs for 2.5 days,
capital: 3000,
starting lot: 0.1 (10cent per pip - all pairs have been calculated to the equivalent price for 0.1 lot)
broker: InterbankFX

pairs lots
audnzd 0.19
audcad 0.12
usdcad 0.12
eurusd 0.10
gbpusd 0.10
audusd 0.10
nzdusd 0.10
usdjpy 0.09
eurjpy 0.09
usdchf 0.12

In between I used GBPUSD recovery once for the 4th and was target hit (but
forgot to change the recovery EA starting lot to 10 times larger - since i use
0.1 as starting lot, if not profit would be bigger)

Profit is $181.93 for 2.5 days. EA is stopped as I want my live account also
stop trading around Thur and Fri after certain profit.

Another demo account, same factors other than lot=0.03, account is up
$79.84

Thank you Bob and others who have been continuing to make this EA better and better!!!
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