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Nanningbob 60x90 EA

  • #961
  • Mar 6, 2009 6:51am Mar 6, 2009 6:51am
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.
As long as the numbers are close you will be alright but if they are way off. IT will be UGLY. I closed down early today with a 20% increase on my live account for the week. I will take that from now until doomsday.
  • #962
  • Mar 6, 2009 7:10am Mar 6, 2009 7:10am
Quoting qz10cq
Opened 3000 demo on 2-18-09 with IBFX using default on everthing excepts lots (.1) and 3 Levels only (no recovery) all on 5 min charts. I've more than doubled account (6500) using 8 pairs all with spreads under 10. Will test a couple more weeks and then live with a 1000 playing .001 or .01.
Bob can't get this EA to lose. Up over 4200 on 3000 account (balance 7200). This is using your defaults. Been to the 3rd level 4 x's in the last 2 weeks all closing with profit. Great EA Bob. Best to you and yours...Dan
  • #963
  • Mar 6, 2009 7:12am Mar 6, 2009 7:12am
Quoting nanningbob

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.
I knew I'd figure something out eventually. With a steady market I'll be sponsoring another child in Ghana (and paying off the mortgage a bit.)
  • #964
  • Mar 6, 2009 7:21am Mar 6, 2009 7:21am
Quoting nanningbob
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...

Thanks Nanningbob,

I knew all these steps; I was just not sure if the MN could be any No. or there is some algorythm in creating it.

I also wanted to ask you if you have tested the EA for the last August and October, as there were several days with severe one directional movement and if "Yes", if the experts managed to survive during these adverse movements. Thanks!
  • #965
  • Mar 6, 2009 7:21am Mar 6, 2009 7:21am
I have been running defaults 3 Levels on .01 IBFX demo on all 22 pairs since 2/1/09. 970 Trades with little over 68% win ratio. 16,900 net pips including large USDJPY losses last week of 1225 pips. All in all, I am very happy. $3,000 demo is up 16% running pennies. Would like to get winning ratio up a few points. JT, are your setting OOTB? Wayne
  • #966
  • Mar 6, 2009 7:32am Mar 6, 2009 7:32am
Quoting webicknell
I have been running defaults 3 Levels on .01 IBFX demo on all 22 pairs since 2/1/09. 970 Trades with little over 68% win ratio. 16,900 net pips including large USDJPY losses last week of 1225 pips. All in all, I am very happy. $3,000 demo is up 16% running pennies. Would like to get winning ratio up a few points. JT, are your setting OOTB? Wayne
I'm sorry, what does ootb mean?
  • #967
  • Mar 6, 2009 7:59am Mar 6, 2009 7:59am
I use the exact settings and currencies as laid out in Bob's first post. In the ea I change max trades to 2, tp to 100, sl to 400, and pips to 200. It still activates 90 pips from center. It basically changes the whole thing into a 100x200. You could go more levels, of course, but then you have to have smaller lot sizes. My idea is to maximize the profit on the first level tp in relation to the size of the account. You're also narrowing the ratio between a first level trade and a 400 pip stoploss (about 1/10). It's less emotional for me than looking at 3 and 4 level trades, so I'm not checking my stupid screen every 5 minutes or trying to come up with hairbrained schemes to get my money back (hedging, scalps, etc). 400 stoploss, boom, move on, better luck next time. This ea actually never stopped a loss once all week, but as Bob noted, you will apparently encounter them 10-15% of the time. That's why you need two levels, as one level would create a breakeven or losing scenario.
I tried backtesting one levels on several pairs and couldn't make it work.
  • #968
  • Mar 6, 2009 8:14am Mar 6, 2009 8:14am
Quoting webicknell
I have been running defaults 3 Levels on .01 IBFX demo on all 22 pairs since 2/1/09. 970 Trades with little over 68% win ratio. 16,900 net pips including large USDJPY losses last week of 1225 pips. All in all, I am very happy. $3,000 demo is up 16% running pennies. Would like to get winning ratio up a few points. JT, are your setting OOTB? Wayne
W, are you counting the first 2 levels as lossers when you win on the 3rd level?
  • #969
  • Mar 6, 2009 8:31am Mar 6, 2009 8:31am
I look at all trades individually... if it is positive, then it is a win and negative is a loss.
If a 3rd level win closes the level 2 and 1 at a loss, then I have 1 win and 2 losses.

JT, thanks for your adjustments to the original... I will look and test.

Wayne




Quoting qz10cq
W, are you counting the first 2 levels as lossers when you win on the 3rd level?
  • #970
  • Mar 6, 2009 9:06am Mar 6, 2009 9:06am
Quoting nanningbob
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.

Bob, I have an impression that 5m trading is much safer than 1H trading. In other words, 5m system has much less entries than 1H system. This is based on my backtest and observation.

However, according to your comments, seemingly my impression is wrong. Comments, please?
  • #971
  • Mar 6, 2009 9:08am Mar 6, 2009 9:08am
Quoting jthomas71
I'm sorry, what does ootb mean?
Out of the box (I think)
  • #972
  • Mar 6, 2009 9:18am Mar 6, 2009 9:18am
Quoting charvo
Bob, I have an impression that 5m trading is much safer than 1H trading. In other words, 5m system has much less entries than 1H system. This is based on my backtest and observation.

However, according to your comments, seemingly my impression is wrong. Comments, please?
It depends on the currency. The more volatile the currency the lower the TF you want to use. For instance the USD/SGD probably would never make a trade on a 5M chart. It moves too slowly. The NZD/GBP would probably be stopping out most days on a 1H chart so you have to eyeball the best times for each currency. What I was talking about was the amount of money being used and the number of currencies you were trading. You are almost guarenteed a margin call at some point. Thats all.
  • #973
  • Mar 6, 2009 9:34am Mar 6, 2009 9:34am
Thanks for your settings, pipmaster. Quite different from mine in that you use a 20 MA and your entries are closer to the center line, not to mention you use a 5 minute chart for most all pairs. Other than that, they're the same..LOL.
I think what it shows is that the settings are not cast in stone, and up to the risk tolerance and trading style of the individual. The EA is very easy to change, making it readily adaptable to what every individual might want.
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...
  • #974
  • Edited 10:50am Mar 6, 2009 10:15am | Edited 10:50am
Quoting webicknell
I look at all trades individually... if it is positive, then it is a win and negative is a loss.
If a 3rd level win closes the level 2 and 1 at a loss, then I have 1 win and 2 losses.

JT, thanks for your adjustments to the original... I will look and test.

Wayne
Thanks W, I'm counting a 3rd level win as a system win (100%). Don't think it matters, bottom line is it's showing profits. Will be turning on the MM of this EA Sunday and see what that does. Haven't heard much on about it, has anyone used the MM of this EA? Would be nice to have a 500 account grow to big bucks just using the MM. I will keep everyone informed. Thanks Bob for this EA
  • #975
  • Mar 6, 2009 12:19pm Mar 6, 2009 12:19pm
thanks BOB!
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  • #976
  • Mar 6, 2009 1:01pm Mar 6, 2009 1:01pm
Quoting jthomas71
I knew I'd figure something out eventually. With a steady market I'll be sponsoring another child in Ghana (and paying off the mortgage a bit.)
JT/Bob,

Am I understanding this setup correctly in that it would result in a lower drawdown (less than 1/5 by my calculation) but also results in a lower profit per lot. Since the drawdown is lower, we can use higher lots which more than makes up for the lower profit/lot, which results in a higher overall profit.

Is that logic correct or are there other benefits?
  • #977
  • Mar 6, 2009 1:23pm Mar 6, 2009 1:23pm
Just slowly closing out some trades to get it all closed down before market close today. Afterward I will post my final weekly report. Another awesome week with the 4L default.
  • #978
  • Mar 6, 2009 1:36pm Mar 6, 2009 1:36pm
JThomas71;

How does the EA still activate 90 pips from center if you changed the pips to 200?

TimeFreedom

Quoting jthomas71
I use the exact settings and currencies as laid out in Bob's first post. In the ea I change max trades to 2, tp to 100, sl to 400, and pips to 200. It still activates 90 pips from center.
  • #979
  • Mar 6, 2009 1:40pm Mar 6, 2009 1:40pm
Taz;

I am also trading Level 4 with no recovery EA. This keeps me more disciplined when deciding to close negative trades once the trades reach -500 pips or keep adding recovery EA's to the chart.

Edit: Up +4.8% for this week and +48.6% since start of test.

TimeFreedom

Quoting tazmaan
Just slowly closing out some trades to get it all closed down before market close today. Afterward I will post my final weekly report. Another awesome week with the 4L default.
  • #980
  • Mar 6, 2009 1:51pm Mar 6, 2009 1:51pm
Quoting TimeFreedom
JThomas71;

How does the EA still activate 90 pips from center if you changed the pips to 200?

TimeFreedom
Someone correct me if I'm wrong, but I believe the h level is set to 90 to enter the trade 90 pips from center. "pips" determines the distance before the next level activates, so h level 90 and pips 200 means the first level activates 90 from center but the second level activates 200 pips later.
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