Nanningbob 60x90 EA | Page 29 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

NanningBob's 4H Sellhigh BUYLOW 158 replies

Help regarding NanningBob EA 27 replies

Nanningbob 4H trading system 2,017 replies

Indicator needed for Nanningbob strategy 2 replies

Help to improve profitable EA - 1H NanningBob 40MA 200 BB 10 replies

Attachments: Nanningbob 60x90 EA
Exit Attachments

Nanningbob 60x90 EA

  • #561
  • Feb 18, 2009 6:51pm Feb 18, 2009 6:51pm
Yeah bob, that eurusd I was just happy to take a small loss on. I'd rather take a $5 loss then to continue to stress out about that one worrisome set of trades. My eurchf must be setup diff than yours, I don't think I had more than 1 level going on on that, which hit it's target no problem.
And indeed, suprisingly slow week so far, but still chuggin away the profit machine.
  • #562
  • Feb 18, 2009 7:35pm Feb 18, 2009 7:35pm
Hi every1,
I have been quiet for a while.
Went live for about 1.5 weeks and should have profit close to $100 on a $500 account.
But now it's only $60.

Like what bob and fellow traders said again and again.
Greed is the biggest enemy !!
  • #563
  • Feb 18, 2009 7:45pm Feb 18, 2009 7:45pm
12% in 1 and a half weeks is still fantastic! Just imagine what 8% a week would get you with an account of $50,000.00. Or, how about "just" half of that for 4% a week?
Quoting joeTrue
Hi every1,
I have been quiet for a while.
Went live for about 1.5 weeks and should have profit close to $100 on a $500 account.
But now it's only $60.

Like what bob and fellow traders said again and again.
Greed is the biggest enemy !!
  • #564
  • Feb 18, 2009 7:52pm Feb 18, 2009 7:52pm
Quoting paradoxical
12% in 1 and a half weeks is still fantastic! Just imagine what 8% a week would get you with an account of $50,000.00. Or, how about "just" half of that for 4% a week?
id be retiring before im 23
Grabbing the bull by the horns!
  • #565
  • Feb 18, 2009 8:24pm Feb 18, 2009 8:24pm
IBFX has a trade analyzer and this is my 30 day report. I used 1000 dollars live and most of the time is was set at .03 there were some days at .05 and some at .01 but the majority of time at .03. The total profit was 147.00 or almost 15% for the month. It includes taking 500 pip losses on gbp/chf several, eur/gbp, gbp/jpy, and one hit with eur/nzd (this was sad because this was my most profitable pair)

I am going to list each pair and the total number of trades each pair did.
winners list
aud/jpy 29, aud/nzd 69 (this pair was also trading 50/20 at times), chf/jpy 21, eur/cad 17, eur/jpy 60, eur/usd 31, gbp/jpy 33 (I did not run this all 30 days), gbp/usd 40,
Losers list
aud/cad 39, aud/usd 18, eur/chf 31, eur/gbp 34, eur/nzd 150, gbp/chf 33, gbp/nzd 9 ( I dropped this pair), nzd/usd 21

break even list (made or lost less than 1.00)
nzd/chf 30, nzd/jpy 19, usd/sgd 19

The biggest loser were the gbp/chf, eur/gbp, eur/gbp. The most successful pair was the eur/nzd did the most trades and made the most profit. I took a loss on this pair because I went two deep on the recovery EA and then it hit the 500 pip loss it was a whopper loss. If my SL was 550 I dont take a loss, I dont go 2 levels deep with my recovery EA this pair would have been wildly profitable. The gbp/chf and eur/gbp were my biggest losers multiple losing trades. Eur/chf had one bad trade but other than that is does OK.
  • #566
  • Feb 18, 2009 8:28pm Feb 18, 2009 8:28pm
Quoting nanningbob
I am using .03 on 250 dollar live account but only using 1 high risk pair on 13 pairs. I am making 5-20 a day which is 2-8% a day. That is a nice return. My DD stays between 10-40 dollars while it is trading so I am staying under 15% of my entire account almost all the time. On 3000 demo dollars trading all the currencies I have used 1.00 lots for 1 week. Here are the results of this demo since last Wed. Pretty impressive but is very high risk. The market actually has been very quiet. If you had used dime trades the total would have been over 500...
On the $3000 demo account, are you trading 3 levels or 4? What stop loss are you using?

I've got a $50k demo running just like that using 4 levels on about 20 pairs since 2/11/2009. The last week has been not had a lot of big moves so it never reached a stop loss. It's impressive.
Attached Image (click to enlarge)
Click to Enlarge Name: 60x90-4levels-20 pairs.gif Size: 5 KB
  • #567
  • Feb 18, 2009 8:35pm Feb 18, 2009 8:35pm
My other live account, I doubled from 300 to 600 dollars. The pairs were pretty much the same results. I did much better and the reason was it was not trading the day the eur/nzd took a loss on the other account. The winner and losing trades were about the same, since the same system that shouldnt be a surprise. I did not have the more volatile pairs (mainly gbp/chf and eur/gbp) running so ended up with a bigger profit. My conclusion, system works and only needs some watching over but not much. Stay away from the big news stories and use only one volatile pair and it works well.
  • #568
  • Feb 18, 2009 8:39pm Feb 18, 2009 8:39pm
Quoting newera
On the $3000 demo account, are you trading 3 levels or 4? What stop loss are you using?

I've got a $50k demo running just like that using 4 levels on about 20 pairs since 2/11/2009. The last week has been not had a lot of big moves so it never reached a stop loss. It's impressive.
I started with 4 levels on the 1000 dollar account but switched to 3L so I could decide when the 4th level would go on or close out. The small account was 3 levels and I rarely used the recovery EA. I chose to close out trades going to higher levels if there was a profit there for the day. Once I got rid of those two gbp pairs, this system really worked well.
  • #569
  • Edited Feb 19, 2009 5:05am Feb 18, 2009 9:40pm | Edited Feb 19, 2009 5:05am
Been running this on a $3K IBFX demo on 22 pairs at .01 Lots.... Since Feb 1.

497 trades with net pips of 9600. This is net including 4 500 pip losses. 2 with GBPCHF and 2 with GBPNZD.
GBPCHF was my only net pip loser, although it did have positive $$$
GBPNZD accounted for almost 30% of total trades.

Using 3 Level, no MM and OOTB settings

I can't get the IBFX Account Analyzer to work on demo accounts, but take a look at the attached excel file

Net at about 8.6% up in less then 3 weeks.... Excellent

I am thinking of going live on this very soon... DrawnDown has been well under control... have not attempted the Recovery EA
Attached File(s)
File Type: zip NanningBob_6090_IBFX_Demo_02172009.zip   164 KB | 434 downloads
  • #570
  • Feb 19, 2009 1:14am Feb 19, 2009 1:14am
Quoting webicknell
Been running this on a $3K IBFX demo on 22 pairs at .01 Lots.... Since Feb 1.

497 trades with net pips of 9600....
great results. thanks for sharing. did you use the standard 60x90 settings?
change the future, not the past
  • #571
  • Feb 19, 2009 1:47am Feb 19, 2009 1:47am
just rember markets can change there personality
the markets moving, time to get in!
  • #572
  • Feb 19, 2009 5:00am Feb 19, 2009 5:00am
I was asking if it was a good idea to dynamically change the 90 pip distance in the code based on previous volatility.

Lets say the last x bars moved 200 pips and could possibly move more.
The 1st position of 0.1 lot has already been entered. Instead of the 2nd position of 0.3 lot being entered at the next 90 pips, make it enter at some multiplier of the last x bars. eg. 0.6x. So in this example, the 2nd position would enter at the next 120 pips.

This could help if there was a huge move, so you don't reenter too early.

In quieter times, you would be able to get into trades that you otherwise would miss due to the smaller range less than 90 pips distance.

Similarly with the TP level. If there was a huge move, chances are that the retracement would be larger than 60 pips, so with a multiplier, it could be 90 pips instead.




Quoting paradoxical
There was a thread started on this premise called Bobnannings Range Trading method. In my mind, it all boils down to what would constitute the best center line. There's a COG line. There's an ATR line. There's a Moving Average line. I suppose there's other center lines that people can think of. In the case of an ATR line, how much different really is it from a 40 MA, or an 80 MA? Let's say using some number of periods ATR line gets you into a trade whereas you wouldn't have using a 40 or 80 MA line. Would that trade be a better one? In the alternative,...
  • #573
  • Feb 19, 2009 5:11am Feb 19, 2009 5:11am
Quoting tazmaan
I ended up getting out of that eurusd at about breakeven or for a very small loss before euro started last night. I would have let the recovery trigger if it had continued down, but glad i didn't have to.
I'm just a newbie, but I just don't believe in turning the ea off every day. That eurusd trade made me $5.31 with penny lots at level 3. If you are confident in the ea's ability, why so much fiddling? Why not just turn it off on Friday and hedge your open losing trades until you break even on them?
  • #574
  • Feb 19, 2009 6:13am Feb 19, 2009 6:13am
Quoting jthomas71
I'm just a newbie, but I just don't believe in turning the ea off every day. That eurusd trade made me $5.31 with penny lots at level 3. If you are confident in the ea's ability, why so much fiddling? Why not just turn it off on Friday and hedge your open losing trades until you break even on them?
Well it is because of the fundamentals floating around right now. People are jumping off the Euro and buying the dollar so we are just being cautious with it. There are times to be cautious and times to be aggressive. Since Oct. it is a good time to be cautious and just make sure you get profit every day. The next big story is going to be GM and Chrysler, if that goes south you will just want to run and hide for a couple of days. Also, I work here in China and the rumor here is China wants collateral if we expect them to buy any more US debt security. My idea is to use our aircraft carriers as collateral and if we default they can try to come get them.
  • #575
  • Feb 19, 2009 6:26am Feb 19, 2009 6:26am
Quoting w37b
I was asking if it was a good idea to dynamically change the 90 pip distance in the code based on previous volatility.

Lets say the last x bars moved 200 pips and could possibly move more.
The 1st position of 0.1 lot has already been entered. Instead of the 2nd position of 0.3 lot being entered at the next 90 pips, make it enter at...
Yes you can change the numbers in the EA even if there are trades on. As long as you dont change the Magic number you are ok. SO if after three levels you want a reentry at 150 instead of 90 and make the multiplication bigger the next level then would enter at the higher level and use the higher multiplication from the previous settings. For example if the multiplication is at 2x and you have 3 levels .01, .02, .04, and you change it to 3x then level 4 would come in at .12 150 pips above the previous entry. You must remember though if you do that you will do that to all the currencies running the EA. If you want it to just affect that one currency you would need to rename the EA and apply that ea to the one chart. In essence you would be writing your own recovery EA, because that is what I did with them. As long as the magic number remains the same the EA will run the trade on that currency.
  • #576
  • Feb 19, 2009 6:27am Feb 19, 2009 6:27am
Quoting nanningbob
Well it is because of the fundamentals floating around right now. People are jumping off the Euro and buying the dollar so we are just being cautious with it. There are times to be cautious and times to be aggressive. Since Oct. it is a good time to be cautious and just make sure you get profit every day. The next big story is going to be GM and Chrysler, if that goes south you will just want to run and hide for a couple of days. Also, I work here in China and the rumor here is China wants collateral if we expect them to buy any more US debt security....
LOL. I defer to your better understanding of the market, sir. By the way, you mentioned you trade 13 pairs now. Going by your updated first post, I counted 17. Could you please give an update? Please ignore my complaining in the previous post about low profits. Even at averaging ten bucks a day, it's over a 100% return on my capital.
  • #577
  • Feb 19, 2009 7:17am Feb 19, 2009 7:17am
Quoting jthomas71
LOL. I defer to your better understanding of the market, sir. By the way, you mentioned you trade 13 pairs now. Going by your updated first post, I counted 17. Could you please give an update? Please ignore my complaining in the previous post about low profits. Even at averaging ten bucks a day, it's over a 100% return on my capital.
I know its tough when the market is slow but you have to keep enough margin in reserve if something big happens. If several currencies suddenly take off you need the margin to cover them. The most frustrating loss is to have your trades closed because you ran out of margin and then later they reverse and everything would have made profit. I have had that happen three times and ruined what would have been some big months for me.
3 auds--aud/nzd, aud/cad, aud/jpy
1chf-- chf/jpy
4 eruos--eur/chf, eur/jpy, eur/cad, eur/usd
1 NZD-- Nzd/USD or you could use NZD/CHF
2 USD-- USD/CHF, USD/JPY
2 volatiles not the same--eur/nzd, gbp/jpy
If you only want one volatile switch the gbp/jpy with gbp/usd or drop the eur/nzd. I would only use one gbp right now because they are very volatile and very trending right now. If you want to drop a Euro drop the eur/chf it is also very trending right now. On a 1000 dollars and .03 this works very well. It is also working well with 250 but that is because the market is really slow now. FINALLY

Good luck.
  • #578
  • Feb 19, 2009 9:14am Feb 19, 2009 9:14am
I was watching the Cnbc this morning at work and the guy who runs Japan declared today that their economy is in now in SEVERE trouble. I just got home and ouch, all japanese pairs are in heavy drawdown (my worst is Euro/jpy which is at level 3). This will be a good test for the system.
  • #579
  • Feb 19, 2009 9:49am Feb 19, 2009 9:49am
Quoting toyoproxo
I was watching the Cnbc this morning at work and the guy who runs Japan declared today that their economy is in now in SEVERE trouble. I just got home and ouch, all japanese pairs are in heavy drawdown (my worst is Euro/jpy which is at level 3). This will be a good test for the system.
I read an article yesterday on why all Japanese leaders should all go out and get drunk. Doesnt look good for them.
  • #580
  • Feb 19, 2009 9:49am Feb 19, 2009 9:49am
Yeah looks like eurjpy is the only sketchy one for me this morning as I wake up , it's coming back though so we'll see
0 traders viewing now