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Nanningbob 60x90 EA

  • #481
  • Feb 14, 2009 9:33am Feb 14, 2009 9:33am
Quoting whitegoodman
......on the EURUSD on a $3000USD account...

a SL hit drawdown would equal 28.97% or $869US.... i personally would find this acceptable based on my settings......
it is not about trading frequency, no matter you let it run 5X24 or use your discretion (which is safer). the risk to doom is always there, coming very frequently.

say, i of coz like 0.1 lot or even 1 lot, so that we'll be bill gates in a couple of months starting from 2k or 3k based on this system's rising slope.

however, in this world, so far i see no such thing...... anyway, in a couple of months, you'll see.
  • #482
  • Feb 14, 2009 9:35am Feb 14, 2009 9:35am
Quoting Yahoomt4
Has anyone tested this EA in demo if yes please post your statements... not only the picture...

Regards
how come u being so lazy to read at least 1 page?
  • #483
  • Feb 14, 2009 9:56am Feb 14, 2009 9:56am
Quoting Yahoomt4
Has anyone tested this EA in demo if yes please post your statements... not only the picture...

Regards
No thank you!

Yay!

Go test it yourself, k thanks.
  • #484
  • Feb 14, 2009 10:00am Feb 14, 2009 10:00am
Charvo, I think some of these people should read the now closed "Kantor" thread to see what can and will happen when pairs trend heavily. Some are simply starting at too high an amount for the size of their account. When trading several pairs or more and in a heavily trending market, you can hit stop losses of 500 pips rather easily. You need to be prepared for that and factor in what a 500 pip stop loss would do to your account for each pair. You can't throw a recovery EA on if you don't have any money left. With all that being said, this sort of trading will work, so long as you trade in pennies to start with. Those "pennies" become DOLLARS very quickly when the pair keeps trending. I think some are looking at demo accounts where they start with .10 or more with a $2,000.00 account and see something like 20% a week, and think that would go on forever. It would go only until the account is stopped out. Nanningbob has stressed this also. Trade in PENNIES. $100.00 a week on a $2,000.00 account is still a 5% return. Try getting that at a bank!
Quoting charvo
it is not about trading frequency, no matter you let it run 5X24 or use your discretion (which is safer). the risk to doom is always there, coming very frequently.

say, i of coz like 0.1 lot or even 1 lot, so that we'll be bill gates in a couple of months starting from 2k or 3k based on this system's rising slope.

however, in this world, so far i see no such thing...... anyway, in a couple of months, you'll see.
  • #485
  • Feb 14, 2009 10:27am Feb 14, 2009 10:27am
Quoting charvo
it is not about trading frequency, no matter you let it run 5X24 or use your discretion (which is safer). the risk to doom is always there, coming very frequently.

say, i of coz like 0.1 lot or even 1 lot, so that we'll be bill gates in a couple of months starting from 2k or 3k based on this system's rising slope.

however, in this world, so far i see no such thing...... anyway, in a couple of months, you'll see.
DO YOU KNOW WHAT THE DEATH TRADE IS?
how it works. why it could clear bill gates accounts with a .01 starting trade if not managed correctly.
if i were you i would start your reading at 100 x 80 EA oh boy , Is This My Holy Grail EA , and trading aud/nzd successfully.
now there are a few good threads that might help you.
(1) they might help you understand how this works.
(2) they might help you figure out if this is your trading style
(3) they might help you sound like you know what your talking about when you are typing.
the markets moving, time to get in!
  • #486
  • Feb 14, 2009 11:11am Feb 14, 2009 11:11am
Quoting paradoxical
Charvo, I think some of these people should read the now closed "Kantor" thread to see what can and will happen when pairs trend heavily. Some are simply starting at too high an amount for the size of their account. When trading several pairs or more and in a heavily trending market, you can hit stop losses of 500 pips rather easily...... Trade in PENNIES. $100.00 a week on a $2,000.00 account is still a 5% return. Try getting that at a bank!

hoho, Paradoxical, I've been seeing you searching for your fortune to and fro recently. Thanks for your insights on those "distance pips". That's very correct to me.

When trading this system, the key is to avoid the drawdown instead of keep fast growth....

well, who understands this understands it without me wasting my tougue, who doesn't need no my words either... let's see.
  • #487
  • Feb 14, 2009 11:14am Feb 14, 2009 11:14am
Are you responding to a wrong person?
to be honest, if you read the 1st thread carefully, you'll see my post in "is this my holy grail?" back in the middle of 2008 maybe.

and you don't understand my comments according to yours.

anyway, please trade in the way you like. i only offer a recommendation that you'll soon understand if you use 0.1 lot or even 1 lot on a 2000$ account. hohoho.

Quoting dmjservices
DO YOU KNOW WHAT THE DEATH TRADE IS?
how it works. why it could clear bill gates accounts with a .01 starting trade if not managed correctly.
if i were you i would start your reading at 100 x 80 EA oh boy , Is This My Holy Grail EA , and trading aud/nzd successfully.
now there are a few good threads that might help you.
(1) they might help you understand...
  • #488
  • Feb 14, 2009 12:00pm Feb 14, 2009 12:00pm
then you know you can't start with full lots.
the markets moving, time to get in!
  • #489
  • Feb 14, 2009 12:24pm Feb 14, 2009 12:24pm
Been running on IBFX demo (.01 lots) on 22 pairs... 2 weeks.

Looks crazy... 8K net pips in 2 weeks.... someone check my numbers... seems to high to me.... maybe it is 800.
Attached Image (click to enlarge)
Click to Enlarge Name: Nanningbob_6090_IBFX_Demo.gif Size: 5 KB
Attached File(s)
File Type: zip Nanningbob_6090_IBFX_Demo_02142009.zip   95 KB | 371 downloads
  • #490
  • Feb 14, 2009 7:29pm Feb 14, 2009 7:29pm
Quoting nanningbob
If the markets continue to settle down that was a great EA. I made money all last summer with it but it got clobbered in Oct. I may try using that again later.
Bob, I think the key is only using the 100/40 on the EUR/USD. I'm pretty sure my settings would have survived the beginning of Oct. and has done fine on a demo since Oct.26th.
  • #491
  • Feb 14, 2009 7:32pm Feb 14, 2009 7:32pm
Thanks Charvo for you comments. I have not dealt with the death trade in this thread. The reason is you dont have to deal with it in this EA. The reason is we limit it before we get there. For example, using only 3 levels and then make a decision. Cut the trade or put on the recovery EA. If that fails we bail out at 500 pips. The loss is not account damaging unless you are trading too high a lot. In my 4 weeks of testing this thing somtimes GBP are trending in a way that just slips under the 60 TP, so we have taken a handfull of losses there but I dont think anyone has reported an account wipeout either on a demo or a live account. Now if you trade 1.00 lots yes it can happen but if you trade .01 or just handful of pairs on dimes, you should be in good shape on this. The reason is we are limiting the multiplication effect to just 3 or 4 levels. With these limits, I think the long term effect is profit not a death trade down the road. The one exception I see is the super news story that makes all the currencies go whacko at the same time. We may be dealing with that this weekend with the bailout going to be signed Monday and the closing of the G7 meetings. If some big shot gets up and screams this aint gonna work and everyone reacts then that is a possibility. If you have been reading, everyone knows I am not live trading this continueing news story because I recognize that is a real possibility at his time. The markets Monday could go crazy or just yawn Monday. I have no idea, the only thing I have to go on is the last bailout news set record days so I am going to assume it can happen again. I will not be trading live Monday. If the markets go crazy Monday and a bunch of guys post SEE WE TOLD YOU THIS WOULDNT WORK that does not mean the system doesnt work, it just means you dont trade when super big news stories are out there. This EA can handle some pretty big hits. My best day was the day the Eur/NZD moved 790 pips between the high and low and the EA caught the entire move up and down and made a tremendous profit. None of my other EAs would have been able to handle that move. And if it didnt handle the move it just would have been a SL and we still would have our account. That is the philosophy behind it and why this one works pretty darn good.

Happy trading

Oh I got my computer back so I will be spending all day catching up. 4G ram now thats nice.
  • #492
  • Feb 14, 2009 8:16pm Feb 14, 2009 8:16pm
Quoting Toothman
Bob, I think the key is only using the 100/40 on the EUR/USD. I'm pretty sure my settings would have survived the beginning of Oct. and has done fine on a demo since Oct.26th.
Along those same lines, trading a single pair with this 60/90 may be profitable as you've mentioned. I'm thinking the EUR/JPY might be a good one with these settings- $2000 .05-.10 lots, 5 levels. I'm going to start a long term demo on that pair on monday.
  • #493
  • Feb 14, 2009 8:16pm Feb 14, 2009 8:16pm
Quoting nanningbob
....... If the markets go crazy Monday and a bunch of guys post SEE WE TOLD YOU THIS WOULDNT WORK that does not mean the system doesnt work, it just means you dont trade when super big news stories are out there. This EA can handle some pretty big hits. My best day was the day the Eur/NZD moved 790 pips between the high and low and the EA caught the entire move up and down and made a tremendous profit. None of my other EAs would have been able to handle that move. And if it didnt handle the move it just would have been a SL and we still would have...


Yeah, Bob, thanks for your consistent efforts taking this system along all the way.

what I suggest to the other person is just to control the risk. this system is great, and i'm trading live with it. I just wish to point out that every system has its own win/loss ratio, and equity rising slope. we cannot force it without considering the size of capital.

to put more details, a SL at 500 pips will make the account suffer approximately a loss of 12 times of a winning of 4th level TP (60pips). (calculation is simple, anyone can examine this.)

so this implies, every 12 times we reach 4th level, we'll pray NOT to "have more than once to SL at 500". if we are unlucky to have 2nd SL at 500 pips during 12 times trading 4th level. It will generate loss instead of profit.

However, the fact is we still have many trades going to only 1, 2, or 3 levels, they are all profits. so the things is not that bad as only 1 failure is allowed for every 12 4th-level trades.

According to my trading experience on this system (only 2 weeks, pathetic length, but promising return, like you guys.), we may not encounter failure at 500 very often (usually less than 1/12).

BUT, there'll be 3~5 days each year, that every pair is trending.

AGAIN, EVERY PAIR IS TRENDING!

at that moment, say, 10 pairs or 20 pairs. I imagine that audnzd, or eurcad will be ok. but xxxjpy will all move in one direction, and xxxusd will all move in one direction. it is highly likely that we simultaneously have quite a few pairs giving you SL at 500 pips.

Ok, let's say, 1 pip 1 cent (0.01 lot). and 1 SL @ 500 is 100$. and we get 5 pairs SL. so for 1 day, it is 500$ loss.

If I have a 3000$ account, I will be very upset about this 500$. hoho.

if it is live, i'll be lost about if i trade next day. really, i've been there......

and at that point, the account is not only "not wiped", but also in previous profit i'm sure. however, i'll be upset.
....................................

no, no, no, don't get me wrong. i said that i love this system and i'm trading live with it. i just hope that the others who trade this can imagine what might happen.

Bob repeatedly suggested that no trading on big news days. i sincerely agree with that. however, we cannot run away from those no-news-but-still-crazy-trending days.

when that day comes, and you use wrong lotsize, you'll be doomed.

************************************************

i'm cracking into the system now. thanks to Bob again. last year i quit reading this system due to its terrible code. now because of Bob's constant efforts making this system a gem, i get interested again to read into it.

i found that if we use a multifly factor 4 instead of 3, we significantly improve the win/loss ratio.

first of all, 0.01 position size, for nano account with capital less than 10000$.

secondly, say, when 4 used, it is 0.01, 0.04, 0.16, and 0.64 (@4th level). if SL @ 500 pips, approximately 220$ is loss. However, if the 4th trades is a win. you win 26$ something.
so it is approximately 26/220 = 1/8, which is better than 1/12 when using 3.

thirdly, another plus, is that you win more in 2nd and 3rd level with 4 than with 3.

some may argue that the position size of 0.64 is much bigger, but i say that you trade less pairs (say 50% of 22 pairs :-) ). that'll do, won't it?

...... all easy calculation, u may examine urself.


P.S. Bob, I am wondering if you are kind to discuss some detail question about the codes of the system. I am trying to understand every aspects so that I can work out my improvement of this system. i know it sounds stupid, hoho. yet in case i made it, i'd share with u guys here. for today, i guess that "4" is something worthy considering.

if you don't mind, i may PM you or call you. i know how to call China, hoho.
  • #494
  • Feb 14, 2009 9:35pm Feb 14, 2009 9:35pm
You can call Bob on skype for free.
  • #495
  • Feb 15, 2009 1:07am Feb 15, 2009 1:07am
Quoting charvo
Yeah, Bob, thanks for your consistent efforts taking this system along all the way.

what I suggest to the other person is just to control the risk....
On Skype you can call me at nanningbob it will be free. I just got my computer back from an upgrade so I am working some minor bugs out. Send me a message via FF email and we can get some times when we can call. This upcoming week will be a busy week for me because I start classes Monday but by Wed. or Thurs I will start having some free time.

You understand the concepts real well so good luck.
  • #496
  • Feb 15, 2009 7:19am Feb 15, 2009 7:19am
Quoting paradoxical
Charvo, I think some of these people should read the now closed "Kantor" thread to see what can and will happen when pairs trend heavily. Some are simply starting at too high an amount for the size of their account. When trading several pairs or more and in a heavily trending market, you can hit stop losses of 500 pips rather easily. You need to be prepared for that and factor in what a 500 pip stop loss would do to your account for each pair. You can't throw a recovery EA on if you don't have any money left. With all that being said, this sort...
Good comment, I havent been emphasizing this part in this thread but you have to keep your expectations down or you will blow the account out. I mean if i could earn 5% a week that is where my IRA is going. And really if you can keep up with just the real major news stories you can protect yourself from the big whop. Something I learned the hard way last OCT. I have learned to really respect the market when a lot of news is flying around. The good part is if the markets ever settle back down and we get some normalcy, this EA would be a gold mine and I dont know if the brokers could ever do anything about it. (I am sure they will think of something) If the ban on hedge trading ever happens then I guess they could ban multi level trading. Any way, the big guys who trade millions of dollars dont expect to get 5% a week. They probably would be happy with 1% a week , that is still a very good investment. 52% a year. The reason brokers make so much money is people trying to force small amounts of money to make big time money. That is where their failure is. GREED WILL KILL YOU IN THIS BUSINESS. Get some realistic expectations and go for it. My goal is to get a couple of airplane tickets for the summer out of this. I would be very happy reaching that goal. So far I am 1/3 the way there. 2/3 left to go and 4 months left. So keep your expectations real. Compete against the banks interest rates not the Mafias. Hey I like that Motto, If I ever do another thread maybe I will call it that.
  • #497
  • Feb 15, 2009 9:13am Feb 15, 2009 9:13am
Hi nanningbob and all,

I have a question, have you thought about opening a trade in the direction of the trend when you lose a 4th level trade? i.e accept we are now trending and not expect to revert to mean, and try to make a profit out of it?
  • #498
  • Feb 15, 2009 10:04am Feb 15, 2009 10:04am
Just digested this thread over last couple days and I'm impressed. Big fan of the martingale system right up until they lose big time. Have a couple EA's that could be usefull with this EA. The take profit EA closes all trades when certain profit level hit and the lose to much EA closes when account hits the level u set. Advantage would be it closes all trades with the profit or the loss no matter what level your at and then you start again, sort of a basket approach. Will test this EA starting today, 1 min on all pairs in IBFM with less than a 10 spread just to get my feet wet. The close all open and pending is another I use a lot and the signal bars is an indicator that I find on all my charts. Thanks Nanno and guys for all ur hard work, hopefully I will add something usefull to the thread. Best regards to all...Dan

Of course all these EA's must be put on there seperate chart. The signal bars is an indicator and can be put on any EA.
Attached File(s)
File Type: mq4 CloseAllAtEquityLevel.mq4   5 KB | 303 downloads
File Type: mq4 CloseAtEquityAmount v1.0.mq4   3 KB | 337 downloads
File Type: mq4 CloseTrades_After_Account_Loss_TooMuch.mq4   3 KB | 296 downloads
File Type: mq4 Close all open and pending orders.mq4   1 KB | 323 downloads
File Type: ex4 #Signal_Bars_v7.ex4   43 KB | 307 downloads
  • #499
  • Feb 15, 2009 10:23am Feb 15, 2009 10:23am
Quoting nanningbob
Good comment, I havent been emphasizing this part in this thread but you have to keep your expectations down or you will blow the account out. I mean if i could earn 5% a week that is where my IRA is going. And really if you can keep up with just the real major news stories you can protect yourself from the big whop. Something I learned the hard way last OCT. I have learned to really respect the market when a lot of news is flying around. The good part is if the markets ever settle back down and we get some normalcy, this EA would be a gold mine...
You are right. They will all probably stop offering nano accounts too. So soon it will be 1 mini lot only or higher.
  • #500
  • Feb 15, 2009 4:52pm Feb 15, 2009 4:52pm
Quoting challenger78
Hi nanningbob and all,

I have a question, have you thought about opening a trade in the direction of the trend when you lose a 4th level trade? i.e accept we are now trending and not expect to revert to mean, and try to make a profit out of it?
My 100x40, different thread, is a trending EA. At level 4 you are far away from the median. Why would you want to jump in when your near the top of a move??
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