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Attachments: Nanningbob 60x90 EA
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Nanningbob 60x90 EA

Quoting jthomas71
Toothman,

Look at the majority of your trades....
Jt,
Are you trading any of the volitile pairs? Won't your SL hits eat too far into your winners? Plus you'll need a lot more retrace to TP's than with the 60/90.
Quoting Toothman
Jt, Bob ,
First, I trade everything on one lower TF than Bob's original instructions.
Can you explain this a little more?
JT, I like your thinking, which only goes to show there's a thousand ways under the sun to trade this system and EA, and I may even adopt your style, but entering at further distances away for even more safety. Less trades, but more safety.
I got stung in mid December. The very day I went live, many pairs trended. One drawback of trading several pairs is that more than one pair trends at the same time. When you get two, three or four in level 3 or 4, you can very easily blow an account. After losing a substantial sum in mid December, I stopped for awhile, looking for a safer way to trade. While entering at 90 away gives you more trades and more % a week than I get, moving the entry further out gives you more safety.
Even at that, in a heavily trending market, you could still have a couple pairs keep on going. I like the idea of just two levels & a 400 PIP stop, and will do some visual back testing to see what the results might be.
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. 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...
Dear Bob and Thread,

Does the EA work with Oanda? If not, can it be modified to do so?

Thanks,

Lenoxer
JT, let me get this straight.. you are getting in the 1st level 90 pips away from 80ma and going for 100pips with a 400pip stop. Then the 2nd and only other level is 200 pips away. So if you start at 1 lot (for simplicity), you will gain $100. If it hits the 2nd level you are getting in 3 lots for 100 and this level would have a 200 pip stop. So for the stops we have

1st level -400
2nd level -600 (-200 * 3)

Total -1000

If you win:

1st level +100

going 2 levels -100 + 300 = +200

So basically if your trades only go 1 level, you have to have 10 wins to cover one loss... less if you have 2level trades. Is this about right?

I manually backtested eur/jpy 15m using your numbers and on 1/9 and 1/12 there were 2 400 pip losses in a row. Then on 1/18 and again on 1/20, 2/2, and 2/26... so for 2009 there were 6 losses. In my example that would mean I'd need 60 1L wins to cover it.

I would really like to only have 2L trades as well, but it seems not to work good with your setting on the eur/jpy at least. Are you doing eurjpy on the 15m timeframe and using the 80ma?
Quoting Lenoxer
Dear Bob and Thread,

Does the EA work with Oanda? If not, can it be modified to do so?

Thanks,

Lenoxer

Do they have metatrader 4? If not, there would be no way to make it work.
Quoting ThePipmaster
I have noticed that on this ea when you want to change the ma or the time frame that you have to go and change the code....this EA already has it built in so you can just change MA as well as adjust the buffer in the settings. Also It will adjust for the time frame of the chart you put it on....I find it a lot easier to use this than to have a different ea for each time frame and also it makes life so much easier to change the buffer instead of going into the code and changing the distance from the MA that the EA trades at. Here is the link where...
Pipmaster,
Thank you very much for this version. Makes things much easier to adjust. Question though, how do you get the chart to show your new settings or do you change things manually to watch your trades?
Quoting ThePipmaster
Also one more feature that I think is overlooked in these EA's that would help everyone out is the cutloss setting. If you set the secure profit protection setting to true, the secure profit amount to 1 and the orders to protect to 3, the EA will ignore your take profit amount and if you are past your third trade it will look at all 3 orders taken and as soon as you reach 1 dollar in profit it will close all your orders. I do not like to go past 3 levels and if I do I am looking for the best time to exit and by using this feature it will allow you...
Hello Pipmaster. What a great feature. Thanks for sharing.
I have a question though. Can you clarify, when the 3rd level is now on it will close all trades when the 3rd level is at $1 profit or is it when the sum of all 3 levels is at $1 profit? (I just love this nerdy emoticon)
Quoting pogibaby
Can you explain this a little more?
pog,
The instructions at the beginning of the thread give all the recommended time frames. I take one TF off each pair which makes the pair trade more conservatively. Example:Eur/Jpy- Bob recommended the 15M TF. I use the 5M. Is this what you wanted me to clarify?
Quoting llambert3
JT, let me get this straight.. you are getting in the 1st level 90 pips away from 80ma and going for 100pips with a 400pip stop. Then the 2nd and only other level is 200 pips away. So if you start at 1 lot (for simplicity), you will gain $100. If it hits the 2nd level you are getting in 3 lots for 100 and this level would have a 200 pip stop. So for the stops we have

1st level -400
2nd level -600 (-200 * 3)

Total -1000

If you win:

1st level +100

going 2 levels -100 + 300 = +200

So basically if your trades only go 1 level, you have to...
You don't trade on 1/9 and 1/18. Those are days that you should turn off your EAs because 1/9 is a huge news day and 1/18 is on the weekend.
from what i have seen from jthomas and bob it looks promising...

what we are looking for is settings for a currency pair that produce few levels, meaning fewer multiplication and hence a lower SL amount with a 1st level TP that is often hit and whos $ amount is a highish percentage of the potential SL drawdown in $... ie 10%.

Ive also changed my thinking on this recently as ive seen results through my lvie testing...

I have the feeeling ill be trading this properly(bigger $) over 3 accounts...

1st account with AUDCAD, EURNZD, GBPNZD
2nd account with EURGBP, AUDNZD, NZDCAD
3rd account (higher risk) with the other 17 currencies im currently live testing.

with profits from account 1 and account 2 supply the money for account 3

of course this is not a reccommendation, its all depends on your unique settings for each currency pair.
Grabbing the bull by the horns!
Your account management idea is similar to DMJService here.

TimeFreedom

Quoting whitegoodman
from what i have seen from jthomas and bob it looks promising...

what we are looking for is settings for a currency pair that produce few levels, meaning fewer multiplication and hence a lower SL amount with a 1st level TP that is often hit and whos $ amount is a highish percentage of the potential SL drawdown in $... ie 10%.

Ive also changed my thinking on this recently as ive seen results through my lvie testing...

I have the feeeling ill be trading this properly(bigger $) over 3 accounts...

1st account with AUDCAD, EURNZD, GBPNZD
2nd...
Quoting TimeFreedom
Your account management idea is similar to DMJService here.

TimeFreedom
i knew i had read the idea somewhere, guess thats where i got it from...

i wan initially going with AUDCAD, AUDNZD, NZDCAD and EURGBP, GBPNZD, EURNZD but thought a better mix was more appropriate...

i find the first 3 mentioned there quite consistent with little drawdown in terms of levels... while GBPNZD and EURNZD retrace very well and provide alot of profits depending on your settings...
Grabbing the bull by the horns!
Quoting Vfforexlee
You don't trade on 1/9 and 1/18. Those are days that you should turn off your EAs because 1/9 is a huge news day and 1/18 is on the weekend.
I forgot about the news days... but the 18th was on a Sunday, and I know about turning it off Friday, but I didn't know we didn't turn it back on Sunday...
Quoting llambert3
I forgot about the news days... but the 18th was on a Sunday, and I know about turning it off Friday, but I didn't know we didn't turn it back on Sunday...
I believe you're not supposed to let the EAs run on the weekends but I don't know anything about when to turn on the EAs. Perhaps, Monday morning?
Quoting Vfforexlee
I believe you're not supposed to let the EAs run on the weekends but I don't know anything about when to turn on the EAs. Perhaps, Monday morning?
yea I don't know either. Here is what the document says...

· You can trade the gaps on Monday, wait for the gaps to send price to the extremes of the chart and then ride the price back to its median.
Sunday spreads will kill you Jr, lol.

Regards,
Jeff

Quoting llambert3
yea I don't know either. Here is what the document says...

· You can trade the gaps on Monday, wait for the gaps to send price to the extremes of the chart and then ride the price back to its median.
Quoting azjeff
Sunday spreads will kill you Jr, lol.

Regards,
Jeff
lol yea.. where there was once a time when the spreads didn't move... those were the days.
I am not sure reading the logic correctly

for AllTF_NanningBob 60x90_HiddenTP.ex4

the take profit seems hard coded, taking 100 point profit not taken because it is hard coded to take profit at 60 points, live testing sees order closed automatically at 60 points profit

case OP_BUY : if( OrderType()==OP_BUY && (Bid-OrderOpenPrice())/Point>=60)

there is another place has similar coding
can somebody list all the areas in.

AllTF_nanningBob 60x90_hiddenTP

to change the 60 into what you want.

and change the 90 into what you want.

please daddy?
the markets moving, time to get in!
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