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Nanningbob 60x90 EA

  • #941
  • Edited 10:13am Mar 5, 2009 9:57am | Edited 10:13am
now they are banning hedging right. but can we use magic numbers to trade two different accounts together acting as one like if we wanted to do 100x80.

BTW i think 100x80 is really a good method only trouble spot has been October surprise.
the markets moving, time to get in!
  • #942
  • Mar 5, 2009 10:19am Mar 5, 2009 10:19am
There's no hedging needed with this system. This trades only short, or only long. The 100X80 is a different system that trades both ways, and has it's own thread.
Quoting dmjservices
now they are banning hedging right. but can we use magic numbers to trade two different accounts together acting as one like if we wanted to do 100x80.

BTW i think 100x80 is really a good method only trouble spot has been October surprise.
  • #943
  • Mar 5, 2009 11:39am Mar 5, 2009 11:39am
Attached are my settings that I use...I added in the spread to the buffer because that affects when the ea actually takes the trade. I do not know how to code the ea so it will add the spread to the buffer so when the spread widens to 50 or so on some currencies that it does not take a trade near the center of the MA....if you know how I think that would help out a lot on the profitability...now I just take the average of the spread and add it to the buffer. I use the moving average template to visually check what my settings should be as well as back testing and once i figure out what seems to be good, I add the spread to that amount and forward test to optimize the settings. If we could program the code to take in account the varying spread that IBFX has all the time this EA would almost be perfect....I know that there is a way....just do not know how. These are not perfect settings and I look forward to your input....just seems safe and they work for me.
Attached File(s)
File Type: xls MY SETTINGS.xls   20 KB | 460 downloads
  • #944
  • Mar 5, 2009 11:45am Mar 5, 2009 11:45am
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
Signed up for Forex Factory thanks to your EA Nanningbob. I'm doing some forward testing on a IBFX micro demo account - started with $50 and after about two days its gone up $10. I have the 3 Level 60x90 template with all the pairs open. I'm going to let this continue running for a month or so and see if this trend continues - then I'll open a live account

Again, thanks!!
  • #945
  • Mar 5, 2009 12:53pm Mar 5, 2009 12:53pm
My live account on fxdd is chugging right along this week. 2k starting balance, closed profit so far this week at $419. Max open loss -$196 max margin used $204.
Performing as expected based on my demo testing.
Want to say thank you again to bob for providing this system to us all. IMO it does not need tweaked, edited or modified, and I appreciate all the work bob put into the testing and presentation of this.
Thanks again man, a couple more weeks and i'll be contributing to the charity you provided to show my appreciation.
  • #946
  • Mar 5, 2009 5:21pm Mar 5, 2009 5:21pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting ThePipmaster
Attached are my settings that I use...I added in the spread to the buffer because that affects when the ea actually takes the trade. I do not know how to code the ea so it will add the spread to the buffer so when the spread widens to 50 or so on some currencies that it does not take a trade near the center of the MA....if you know how I think that would help out a lot on the profitability...now I just take the average of the spread and add it to the buffer. I use the moving average template to visually check what my settings should be as well as...
thx for sharing your settings. May i ask you how far you have backtested them?
  • #947
  • Mar 5, 2009 11:13pm Mar 5, 2009 11:13pm
Quoting dethl
Signed up for Forex Factory thanks to your EA Nanningbob. I'm doing some forward testing on a IBFX micro demo account - started with $50 and after about two days its gone up $10. I have the 3 Level 60x90 template with all the pairs open. I'm going to let this continue running for a month or so and see if this trend continues - then I'll open a live account

Again, thanks!!
Glad you like it but I have tried that and it will wipe out a small account. Make sure you take out all the 5M and 15M charts and you may have a chance. Good luck.
  • #948
  • Mar 5, 2009 11:31pm Mar 5, 2009 11:31pm
I'm Just getting started here reading the thread and all. Loaded the templates and everything from the original post of this thread and started her up.
In checking everything out I noticed that every ea on every chart has the same Magic number 312133. I'm confused , are they not all supposed to have a different Magic number to keep them closing and opening each others trades?
  • #949
  • Mar 5, 2009 11:37pm Mar 5, 2009 11:37pm
Quoting Tradster
I'm Just getting started here reading the thread and all. Loaded the templates and everything from the original post of this thread and started her up.
In checking everything out I noticed that every ea on every chart has the same Magic number 312133. I'm confused , are they not all supposed to have a different Magic number to keep them closing and opening each others trades?
im not sure about magic numbers or coding in general, i just made an EA for each pair with a different name to avert this
Grabbing the bull by the horns!
  • #950
  • Mar 5, 2009 11:39pm Mar 5, 2009 11:39pm
The magic number is tied to the pair, so even if you have all the same magic numbers, but all on different pairs, the magic number only applies to each pair.
Hope that makes sense.
eurusd magic# 123 will not affect
eurjpy magic# 123
  • #951
  • Mar 5, 2009 11:57pm Mar 5, 2009 11:57pm
Quoting tazmaan
The magic number is tied to the pair, so even if you have all the same magic numbers, but all on different pairs, the magic number only applies to each pair.
Hope that makes sense.
eurusd magic# 123 will not affect
eurjpy magic# 123
So what you are saying is that MT4 sees nzdusd312133 and then usdcad312133 which is different, ok. That would mean that the number itself would only have to be different if one was to open another chart of usdcad where one would then change the number to say 312134:nerd:

Thanks guys
  • #952
  • Mar 6, 2009 2:14am Mar 6, 2009 2:14am
Quoting Tradster
So what you are saying is that MT4 sees nzdusd312133 and then usdcad312133 which is different, ok. That would mean that the number itself would only have to be different if one was to open another chart of usdcad where one would then change the number to say 312134:nerd:

Thanks guys
Yes for instance if you wanted to use two different EAs on the same currency pair, the EAs would need to have different magic numbers so they would not mix up the trades in opening and closing. Also because the EAs have magic numbers you could also manually trade the pair and it would not conflict with the EAs. The Magic numbers keep everything separate. I have traded 3 or 4 EAs on one pair just for fun to see what happens. You then can compare strategies to see which ones work best under the exact same conditions.
  • #953
  • Mar 6, 2009 2:31am Mar 6, 2009 2:31am
Quoting nanningbob
Yes for instance if you wanted to use two different EAs on the same currency pair, the EAs would need to have different magic numbers so they would not mix up the trades in opening and closing. Also because the EAs have magic numbers you could also manually trade the pair and it would not conflict with the EAs. The Magic numbers keep everything separate. I have traded 3 or 4 EAs on one pair just for fun to see what happens. You then can compare strategies to see which ones work best under the exact same conditions.
yes the best thing about it is it doesnt affect manual or vice versa... nice lil short off the usdcad atm
Grabbing the bull by the horns!
  • #954
  • Edited 4:00am Mar 6, 2009 3:48am | Edited 4:00am
i'm in to ride NFP live. Anyone with me ? Looking at past data, what are the chances that it don't retract enough for TP ? NFP seems like quick cash for the weekend.

USDJPY look as if NFP already started.
  • #955
  • Mar 6, 2009 5:22am Mar 6, 2009 5:22am
Quoting forexisfx
i'm in to ride NFP live. Anyone with me ? Looking at past data, what are the chances that it don't retract enough for TP ? NFP seems like quick cash for the weekend.

USDJPY look as if NFP already started.
depending on how big my drawdown is before i probably will trade live, i think my settigns fit perfectly for a spike then pullback
Grabbing the bull by the horns!
  • #956
  • Mar 6, 2009 5:50am Mar 6, 2009 5:50am
Quoting whitegoodman
depending on how big my drawdown is before i probably will trade live, i think my settigns fit perfectly for a spike then pullback
yeah me too, my setting is "suppose" to handle big move. I'm going live to see what happens and if it need any changes.
  • #957
  • Mar 6, 2009 6:19am Mar 6, 2009 6:19am
Hi Pipmaster,

Could you tell me how can I change the magic number of the EA and assign a different magic number to each pair as I am not really good with these things. Thank you!
  • #958
  • Mar 6, 2009 6:27am Mar 6, 2009 6:27am
I'm using Bob's original settings, all the original currencies, trading 2 levels, 100 tp and 400 sl. The second level doesn't activate until the first level loses 200 pips (100x200). This allows larger lot sizes, hence a smaller account startup. Some of the pair's lots can be doubled, like the eur/nzd, since they only tp at half the rate of a major like the eur/usd. I tried this with a $10,000 demo but I think you could make it much smaller. You might be surprised how many pairs will retrace 100 pips only 90 pips from center.

Results this week, trading dimes:

44 tp's at level one, averaging $10

14 tp's at level two, averaging $20 ($30 - $10 loss on level one)

total as of Friday morning: $681.00 (some of the lot sizes were adjusted as the week progressed, hence the slight difference in the math.)

By expanding the ea, I can now protect trades up to 490 pips from center and only trade two levels. Obviously, this was an unusually great week, but it shows the potential for an ea with fewer levels.
  • #959
  • Mar 6, 2009 6:45am Mar 6, 2009 6:45am
Quoting Roger_Taum
Hi Pipmaster,

Could you tell me how can I change the magic number of the EA and assign a different magic number to each pair as I am not really good with these things. Thank you!
In the upper left, go to the navigator tab (yellow star and yellow envelope). You will get a side bar on your left. Open the expert advisors button and right click on the EA you want to change. Click on modify and this will open the program. Do a control F on the program and type in Magic number. It will then take you to the part of the program that has the Magic number. It should look like this but some of the print will be in blue and aqua blue color:

extern string magicnumber="--MAgic No--";
extern int MagicNumber=312133; // Magic number for the orders placed

Change the six digit number to what ever you want. Then go to Saveas and save the program to whatever name you want like 'eurjpy 30M'. After you have done that look at the top of the program there is a button called 'compile' After it is done look at the bottom of the page and it should say "0 errors 0 warnings" When you have done that turn on your strategy tester and make sure the program is working. Demo test it and BINGO 'you is now a programmer"
  • #960
  • Mar 6, 2009 6:48am Mar 6, 2009 6:48am
Quoting jthomas71
I'm using Bob's original settings, all the original currencies,...

BINGO JT you got it. Just to let you know it runs about 85-90% win ratio. That sure didn't stay a secret very long.
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