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Nanningbob 60x90 EA

  • #581
  • Feb 19, 2009 10:10am Feb 19, 2009 10:10am
Quoting tazmaan
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

I had to go 1 more level with the eurjpy (4). I was able to get out at a nice profit.
  • #582
  • Feb 19, 2009 11:44am Feb 19, 2009 11:44am
Hey bob or anyone else.
How hard would it be to add an alert to the ea once the last level trade was opened? For example, if using the level3, an alert to sound when level3 trade is opened on each currency?
Ideally I would love that with the option of setting how far against you it can go before it alerts, but will settle for just an alert when its opened.
Being notified when l3 opens and is against you say 50 pips would give you the heads up to either cut the trade, shorten the stoploss, or throw recovery on, whichever strategy you wish to use at the time/pair.
Thoughts?
  • #583
  • Feb 19, 2009 12:37pm Feb 19, 2009 12:37pm
Quoting tazmaan
Hey bob or anyone else.
How hard would it be to add an alert to the ea once the last level trade was opened? For example, if using the level3, an alert to sound when level3 trade is opened on each currency?
Ideally I would love that with the option of setting how far against you it can go before it alerts, but will settle for just an alert when its opened.
Being notified when l3 opens and is against you say 50 pips would give you the heads up to either cut the trade, shorten the stoploss, or throw recovery on, whichever strategy you wish to use...
What about an email alert on the last trade entered? That way, if you are running 4 or more levels you get notified.
  • #584
  • Feb 19, 2009 12:55pm Feb 19, 2009 12:55pm
Yeah, anything would be good imo. I just want to know when I have to start really looking at the charts and determining what action to take when the last level trade gets into shaky territory.
  • #585
  • Feb 19, 2009 1:19pm Feb 19, 2009 1:19pm
Quoting tazmaan
Yeah, anything would be good imo. I just want to know when I have to start really looking at the charts and determining what action to take when the last level trade gets into shaky territory.
yes excellent idea.
  • #586
  • Feb 19, 2009 2:26pm Feb 19, 2009 2:26pm
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...

take a look here
http://www.forexfactory.com/showthre...129813&page=80

about half way down. i even have graphics.
the markets moving, time to get in!
  • #587
  • Feb 19, 2009 4:35pm Feb 19, 2009 4:35pm
i have one programmer and hes really good but also really booked up right now.

i'm trying to set him up so we dont have to change EAs to do all of this.
like if it gets to level 3 it pops a box asking if you want to make your way to level 4,5,6,7, and how ever far or you can have it stop and reset EA when movement normalizes. but hes busy.
in addition it could just pause the movement using hedging untill you can take a look at it but hedging is going to be banned so thats out.
the markets moving, time to get in!
  • #588
  • Feb 19, 2009 4:39pm Feb 19, 2009 4:39pm
Quoting nanningbob
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
What timeframe is recommended for EUR/CAD, please? I couldn't find it anywhere.
  • #589
  • Feb 19, 2009 5:11pm Feb 19, 2009 5:11pm
Bob, couldn't you hedge a trade so that you could hold it over the weekend without getting closed out by the gap? Just a thought. As far as I can see, the only problem with this system is when bad things happen on Thursdays and Fridays you have to get out by Friday afternoon before a retrace. Hedging isn't banned yet, and you could even "hedge" a trade in a different account.
  • #590
  • Feb 19, 2009 6:19pm Feb 19, 2009 6:19pm
all that does is add cost to your trade. once you do that you basicly add what ever the spread is to your method.

it would just lock your loss win ratio
the markets moving, time to get in!
  • #591
  • Feb 19, 2009 6:35pm Feb 19, 2009 6:35pm
Quoting jthomas71
Bob, couldn't you hedge a trade so that you could hold it over the weekend without getting closed out by the gap? Just a thought. As far as I can see, the only problem with this system is when bad things happen on Thursdays and Fridays you have to get out by Friday afternoon before a retrace. Hedging isn't banned yet, and you could even "hedge" a trade in a different account.
Yes, I was thinking about it afterwards and realized the concept makes no sense.
Still if there was a way to compensate for those weekend gaps...Any ideas, anyone? How would we use this ea if there were no weekends? A Thursday drawdown would be no worse than one on a Monday.
  • #592
  • Feb 19, 2009 6:36pm Feb 19, 2009 6:36pm
Wow this EA rocks !

Regards
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  • #593
  • Feb 19, 2009 7:06pm Feb 19, 2009 7:06pm
an EA that works sora like the 100*80 but only has 3 levels and if it passes those it transforms into trend following.
basicly at level 4 its set for retractment or trend. if it retracts its a small win if it trends it can grow really big. i think it can be programed fairly easlly too
i'm working on easing my spread sheet so you can read it. right now its huge i mean really over the top gigantic.

i have a Programing Question.
can each trade have its own set price and not use a multiplyer.
my set up would not be just every x amount of movement.
the markets moving, time to get in!
  • #594
  • Feb 20, 2009 12:08am Feb 20, 2009 12:08am
Dear Bob,

Could you expound a bit more about how your model plays off of Darkstar's work?

Thanks,

Lenoxer
  • #595
  • Feb 20, 2009 1:28am Feb 20, 2009 1:28am
Quoting jthomas71
Bob, couldn't you hedge a trade so that you could hold it over the weekend without getting closed out by the gap? Just a thought. As far as I can see, the only problem with this system is when bad things happen on Thursdays and Fridays you have to get out by Friday afternoon before a retrace. Hedging isn't banned yet, and you could even "hedge" a trade in a different account.
Good idea to protect yourself from gapping over the weekend, however, if the gap is big enough it would ruin the reenter freature. So if they are less than 100-150 you probably be ok if not you would then have to manually handle the trades.
  • #596
  • Feb 20, 2009 1:42am Feb 20, 2009 1:42am
Hello Traders,

i wrote an indikator, which if the first level opened a signal appears. it has no visuall signes. the settings are:

UseAlert = true (default) clear, right?
UseEmail = false (default) also clear?
Levels = 5 (default) it gives another alert if Level 5 trade opened.you can change it to whatever Level you need

this indicator react on opened positions and not MA crossing. if the first level was opened by the EA an alert appears. and if level 5 reached and position opened a new alert appears. it gives also alert if all positions were closed by the EA.

Hope this helps

der stratege
Attached File(s)
File Type: mq4 LevelAlert.mq4   2 KB | 371 downloads
File Type: ex4 LevelAlert.ex4   3 KB | 273 downloads
  • #597
  • Feb 20, 2009 2:12am Feb 20, 2009 2:12am
Quoting Lenoxer
Dear Bob,

Could you expound a bit more about how your model plays off of Darkstar's work?

Thanks,

Lenoxer
Nothing too profound, just realize that forex is not based on traders or trading but business exchange is the main purpose of forex. Therefore, forex can be unpredictable at any time, so no matter what the fundamentals are or indicators may say, price can do anything at any time because a govt. or business transaction can happen. Businesses just want their money, they dont care about these other things. So realizing this trading a range of a currency should be easier or less stressful to trade rather than waiting for specific entrance or exit points based on ............. whatever you think works. I find it less frustrating. It also forces traders to trade within their margin range. Those were my conclusions of Forex after studying it. Darkstar just did a great job explaining it.
  • #598
  • Edited 3:41am Feb 20, 2009 3:24am | Edited 3:41am
what i bring to you is confusing but the left is mostly the in trend calculations and the right is the counter trend calulations the center has retraction profit and if trend persists than trend profits.
can you check my math.
its currently set to 20x30 but i think it can be changed.

the reason it works is because the counter trend closes the trade and opens the reversal trade instead of leaving both open.
and the in trade movements are left collecting pips while they follow the trend. what this does is adds price per pip movment to the intrend side making it out run the counter trend side because its only making the step 3 price per pip.

you can see the profit areas in the trend and retraction summary's they are in L&M the teal colored areas

this is just to spur the Idea its not calibrated math.
Attached Image (click to enlarge)
Click to Enlarge Name: martintrend.jpg Size: 60 KB
Attached File(s)
File Type: xls martin&trend.xls   20 KB | 405 downloads
the markets moving, time to get in!
  • #599
  • Edited 6:30am Feb 20, 2009 5:27am | Edited 6:30am
Bob,

Is there any calculation done by you to arrive at a TP of 60?
I have read somewhere in one of your threads about finding maximum movement by any pair before a retrace of given no of Pips. Is there a way of calculating this? I think this may not be of much value unless trade is taken at the right moment..
"Put all your efforts in becoming effortless"
  • #600
  • Feb 20, 2009 6:05am Feb 20, 2009 6:05am
Hi and thanks for a great work

Do you still use the time frame from the Instruction?
And what timeframe do you use for eur/cad, I see Yuo trade with it, but I cant find the timeframe

Elovv



Quoting nanningbob
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...
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