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Nanningbob 60x90 EA

  • #521
  • Feb 16, 2009 6:19pm Feb 16, 2009 6:19pm
Nanningbob also created an EA for the AUD/NZD and there's a thread for that. Was doing great until the spread went whacko, but seems to have settled down now. As I look it's back to where it was at 14, and I may start back trading that again.
Quoting llambert3
mine got in the GU with the sunday gap (as you may know I am just letting mine run forever) and is out, so one trade only.

I've added the usd/chf and eur/chf with your settings. They worked great since August. I've changed aud/nzd to 4L on 15m with 140 on both initial and each after with a 600 pip loss.

Seems like some of these guys were getting about $50/day on some EA of bob's.. I've read most of the aud/nzd thread in the rookie. Not sure if it was at a penny a lot though. I'd like to get something like that a shot too, but I am confused with...
  • #522
  • Feb 16, 2009 6:25pm Feb 16, 2009 6:25pm
do any of you know of any spread indicator. something visual like MA or MACD.

i figure that if i can track spread and average spread. than we can shut down our EAs or even set them up to shut down for us.
the markets moving, time to get in!
  • #523
  • Feb 16, 2009 6:32pm Feb 16, 2009 6:32pm
Quoting dmjservices
do any of you know of any spread indicator. something visual like MA or MACD.

i figure that if i can track spread and average spread. than we can shut down our EAs or even set them up to shut down for us.
stat monitor i don`t know how to attache it ,but u can google it .
  • #524
  • Feb 17, 2009 1:25am Feb 17, 2009 1:25am
Dear Bob and thread,

Has anyone thought of averaging or semi-martingaling into the trade rather than straight 3:1 martingaling it, like Spieler does on his thread, and then holding the position until price re-hits the MA? ---You'd be able to buy much more range distance this way, thus have more staying power, and make more money by holding it the greater distance to the MA.

Lenoxer
  • #525
  • Feb 17, 2009 2:10am Feb 17, 2009 2:10am
Quoting Lenoxer
Dear Bob and thread,

Has anyone thought of averaging or semi-martingaling into the trade rather than straight 3:1 martingaling it, like Spieler does on his thread, and then holding the position until price re-hits the MA? ---You'd be able to buy much more range distance this way, thus have more staying power, and make more money by holding it the greater distance to the MA.

Lenoxer
could you explain this process to us that arent awatre of his thread...

weve tried less than less than 2 multiplication before, multiplication comes second to ur TP's and re-entries...

for example if TP was 30 and re-entry was 20 the multiplication could be like 1.7 or sumthing...
Grabbing the bull by the horns!
  • #526
  • Feb 17, 2009 3:01am Feb 17, 2009 3:01am
Quoting Lenoxer
Dear Bob and thread,

Has anyone thought of averaging or semi-martingaling into the trade rather than straight 3:1 martingaling it, like Spieler does on his thread, and then holding the position until price re-hits the MA? ---You'd be able to buy much more range distance this way, thus have more staying power, and make more money by holding it the greater distance to the MA.

Lenoxer
You could pretty much do whatever you need with this EA. 1.3:1 martingale or 2:1 or 10:1 is up to you. Just try out different setting on demo and see what suit your need. The default setting used here is just for people to learn the basic of this EA, you don't have to stick to it.

Just keep in mind that any setting you use should win most of the time (at least 90% ?) becoz we are doing range trading. If you don't win most of the time, your setting has to change.

I mention this before, range trading is many small win and very few big lose. Trend trading is the other way round.
  • #527
  • Feb 17, 2009 3:31am Feb 17, 2009 3:31am
Dear Whitegoodman,

See the following: http://www.forexfactory.com/showthread.php?t=95721

My best,

Lenoxer
  • #528
  • Feb 17, 2009 5:50am Feb 17, 2009 5:50am
Quoting Lenoxer
Dear Bob and thread,

Has anyone thought of averaging or semi-martingaling into the trade rather than straight 3:1 martingaling it, like Spieler does on his thread, and then holding the position until price re-hits the MA? ---You'd be able to buy much more range distance this way, thus have more staying power, and make more money by holding it the greater distance to the MA.

Lenoxer
We have done different ways. If you use smaller multiplication your reentries have to be smaller. The larger the multiplication the larger the reentries can be. No matter what you do there will be a give and take. The 100x40 used small multiplication but you had to reenter every 40 pips and have multiple levels TP to make a profit. This also limits the range of your EA to 300 - 400 pips. With 3.0 multiplication I have enlarge the area to over 700. I can use 4 or 5 multiplication and then have my EA range over a 1000. So choose your poison or benefit. If you make one area of the range formula bigger another area has to be smaller. It is just how you want to handle the numbers.
  • #529
  • Feb 17, 2009 5:55am Feb 17, 2009 5:55am
A tool that would be helpful but I dont think can be done, is it draws the 5M MA on a 1H chart. In other words an indicator that will draw lines from one TF to a different TF. That would be interesting.
  • #530
  • Feb 17, 2009 6:42am Feb 17, 2009 6:42am
Quoting nanningbob
A tool that would be helpful but I dont think can be done, is it draws the 5M MA on a 1H chart. In other words an indicator that will draw lines from one TF to a different TF. That would be interesting.
maybe change the period and shift on 1H chart to make it move like 5M MA
  • #531
  • Feb 17, 2009 8:04am Feb 17, 2009 8:04am
Quoting paradoxical
You have to right click the EA, and click "modify". That brings you to the various settings. You want to change the "extern int iEntry" from 90 to whatever amount of pips away from center you want that particylar pair to trade at. In the case below in RED, it's changed from 90 to 160.
extern string INFO="STOCH POWER EA";
extern string OWN="Copyright 2007, AZAM575&SYLARVAMPIRE&YUSOF786";
extern string sq="--STOCH SETTING--";
extern int iEntry = 160;
extern int K_Period = 14;


After that, scroll down almost to the...


Thanks for your help, i would greatly appreciate your e mail..... i am sending an internal mail to let you know my adress.

Thanks
  • #532
  • Feb 17, 2009 12:41pm Feb 17, 2009 12:41pm
Quoting nanningbob
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??
To take advantage of big trends. Not always the price goes back to the median. Currently the biggest problem of this system is the big trends, I was thinking if we could use them to our advantage. Something like a combination of your 2 systems if you like, when there is a big trend that takes out a 4th level trade, we switch to the trending EA for 1 trade, and then back.

On a similar note, has anyone who is testing the system checked in backtest what is the probability after losing a 4th level trade that the trend continues against us or comes back?
  • #533
  • Feb 17, 2009 3:08pm Feb 17, 2009 3:08pm
Dear Thread,

Challenger78 in the just previous post is asking a good question. Any takers?

Lenoxer
  • #534
  • Feb 17, 2009 3:18pm Feb 17, 2009 3:18pm
the problem is i can set it to how ever many steps and then it transforms into a trending EA but the main problem is it uses hedging to ballance the account and keep it from margin call.
the markets moving, time to get in!
  • #535
  • Feb 17, 2009 5:23pm Feb 17, 2009 5:23pm
My question would be how you could know it's going to keep trending. If you switch gears and go with the trend, how do you know it will not reverse at the very moment you go with the current trend? The main attraction for me is that this system bets on a reversal of how many ever PIPS you want to set it at. I don't think it's asking too much for a 60 PIP reversal at some point. Remember, even in a major trend where a pair goes up several hundred pips, you can have your reversal, and the trend can go on. Unless you have some really good way to know that the pair is going to trend without reversing, I'd say to keep consistent and bet on a reversal. particularly if that pair has already risen past two, three or four levels. Some will disagree with me I'm sure. But, I've yet to see anyone that can predict a trend will continue with 100% certainty. If they could, they'd be zillionaires within a month. One thing I do that not all others do is to go further away, and not enter a trade until 130 or even 160 away in the case of the GBP/USD. 14 pairs, all of them starting at extremes away from center, and I don't have to chart watch. The EA is very versatile. I'm probably going to use it to make just ONE trade at some outlandish amount of PIPS away like 250-300 or even more and then decide after it's made if I want to just take a quick profit or go two to four levels from there.
Quoting challenger78
To take advantage of big trends. Not always the price goes back to the median. Currently the biggest problem of this system is the big trends, I was thinking if we could use them to our advantage. Something like a combination of your 2 systems if you like, when there is a big trend that takes out a 4th level trade, we switch to the trending EA for 1 trade, and then back.

On a similar note, has anyone who is testing the system checked in backtest what is the probability after losing a 4th level trade that the trend continues against us or comes...
  • #536
  • Feb 17, 2009 6:16pm Feb 17, 2009 6:16pm
Quoting paradoxical
My question would be how you could know it's going to keep trending. If you switch gears and go with the trend, how do you know it will not reverse at the very moment you go with the current trend? The main attraction for me is that this system bets on a reversal of how many ever PIPS you want to set it at. I don't think it's asking too much for a 60 PIP reversal at some point. Remember, even in a major trend where a pair goes up several hundred pips, you can have your reversal, and the trend can go on. Unless you have some really good way to know...
I guess I will jump into this conversation and please no one get mad at me. This is NOT a trend trading system. If you want to trend trade when the 5 crosses the 8 MA or whatever, go with the trend or what ever you want to do. You cant force a counter trend system into a trend system. That is what it is. The basic philosophy is currencies will always retrace. ALWAYS The only question with this system is will they retrace 60 pips or what ever you want to set it at. My bet is this, except in rare cases the answer is always yes. And in those rare cases eventually you will get good enough to recognize it and get out. The Eur/USD is in one now and unless it retraces during the JPY session today I will cut the trade. NO BIG LOSS. That is how it works.
  • #537
  • Feb 17, 2009 6:25pm Feb 17, 2009 6:25pm
Yep, in the same boat on the eurusd, been waiting for it to retrace all day it seems
I chose to throw the recovery ea on it, but it hasn't needed to trigger yet. We'll see what happens.
  • #538
  • Feb 17, 2009 6:34pm Feb 17, 2009 6:34pm
Quoting tazmaan
Yep, in the same boat on the eurusd, been waiting for it to retrace all day it seems
I chose to throw the recovery ea on it, but it hasn't needed to trigger yet. We'll see what happens.
Dang mine hasn't even gotten in once. Came close though. I'm fiddling my thumbs waiting.. lol
  • #539
  • Feb 17, 2009 7:30pm Feb 17, 2009 7:30pm
Thanks Nanningbob for the fantastic system. I agree with you, this is a retracement system. There will be draw downs if a pair trends heavily, but the theory behind the strategy is very sound - all pairs generally breath along their trend and 60 pips in retracement isn't very much to ask.

In running a demo over the past week, I notice four pairs that encompass most of the trades in my demo: gbpnzd, eurnzd, gbpaud, euraud.

Any thoughts on this? Thanks,

Bioquim
  • #540
  • Feb 17, 2009 7:32pm Feb 17, 2009 7:32pm
Quoting tazmaan
Yep, in the same boat on the eurusd, been waiting for it to retrace all day it seems
I chose to throw the recovery ea on it, but it hasn't needed to trigger yet. We'll see what happens.
Because of all the big news stories floating around, I will go with a controled loss over a recovery right now. Just a gut feeling, a proactive congress seems to make the USD trend to the positive over its Euro counterparts. So I will just take the hit between now and the Euro open if I need too. It will not be a big loss and I will still profit from yesterday. I see a double bottom on the 1H chart so I will hang with it, possible reversal signal there.
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