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Nanningbob 60x90 EA

  • #1,041
  • Mar 9, 2009 9:14am Mar 9, 2009 9:14am
Hi i only jsut started reading this thread but noticed that the origional files are setr to 4 digit brokers and mine is 5 digit , has an ew set of files been added to accommodate this if not what do i need to do to change it so i can use this system
thank you
  • #1,042
  • Mar 9, 2009 9:16am Mar 9, 2009 9:16am
Quoting jthomas71
I use whatever original tf and ma were contained in the profile from post #1. I don't presume to know enough about technical analysis to change timeframes and ma's.

The thing I hate about the strategy tester is you can't see what your entire basket of pairs would have done together as a group in a single week. You would have had 21 other pairs trading those weeks as well. I wonder how they did but I'm too lazy to sit here and strategy test 21 pairs when I can just look at my statement every week in real time. I did backtest several pairs at 100x200...
Yes I understand what you are saying about the multiple pairs. I wasn't knocking your numbers, I just wanted to make sure I understood what you were doing. If you are shutting down for news, weekend, etc then for sure you get different results. I am altering the EA too, but running 24/5.
  • #1,043
  • Mar 9, 2009 9:19am Mar 9, 2009 9:19am
Quoting paradoxical
knoxy, thanks for the info, as I think reporst on possible or even probable disaster scenarios are far more important than only the good news. Nanningbob has said that bact testing is unreliable for a number of reasons. One reason is turning the EA off for the weekend and avoiding news days, particularly NFP. If you take October out of the mix, you get some very different results. I presume your test included October. I also know personally that mid December wasn't the best for this system. Also, if you look at January, there were some rough patches...
knoxy, I would also like you to run my numbers. I am more concerned that the 120/130 away was only since August last year and that prior to that there may have hardly been any trades, so I'd like to know how it did before the worldwide economic mess. And I've heard that tradestation he is using is much more reliable.
  • #1,044
  • Mar 9, 2009 9:22am Mar 9, 2009 9:22am
Quoting paradoxical
nutsford, I agree. That's why I exclude GBP/USD and GBP/JPY. However, I get an alert when cable is 250 from center, as it was awhile ago, and I make a decision as to whether or not to make a single trade or an EA trade.
My GU just went 1 level almost to the pip and is out now.. ucad as well. But I miss a lot of good ranges.
  • #1,045
  • Mar 9, 2009 10:24am Mar 9, 2009 10:24am
Quoting Knoxy
Thanks for comments Lenoxer and Toyoproxo,

Maths is deterministic, there's no voodoo involved, as long as the rules can be written, backtesting and forward testing will work. I believe the old saying 'those who learn nothing from the past are destined to repeat it', so I test.

It's the discretion of knowing when to stand aside and avoid the massive losses of a few trades that would make the difference to this method. That's what I'm interested in discussing.
Knoxy
I fully support your comments. Backtest is a must. sometimes we cannot get good test results from MT4, but that doesn't mean backtest is not useful. On the contrary, backtest is the prerequisite/necessary condition for a robust system.

Only closing EA on news days is not bulletproof for this system. I cannot remember what news 2008 Oct 22nd had, but that day sucks many pairs out.

What I notice is that strong trend on Monday without a retrace, that mostly indicate a death trade coming next day. So maybe, no 3rd/4th level position overnight could be a good rule??? that cause more loss, but avoid death trades.

I'll take care of that HiddenTP EA tonight.
  • #1,046
  • Mar 9, 2009 11:08am Mar 9, 2009 11:08am
Scary market today. lots of dd
  • #1,047
  • Mar 9, 2009 11:09am Mar 9, 2009 11:09am
Not looking good for this week, only monday!!

Made a £200 profit last week, looks like may be zapped shortly.

Hope it picks up.
Attached Image (click to enlarge)
Click to Enlarge Name: 60x90.jpg Size: 29 KB
  • #1,048
  • Mar 9, 2009 11:21am Mar 9, 2009 11:21am
Checking this out also. Thanks Bob. Are you in nanning? I love that place. Can't wait to return!
  • #1,049
  • Mar 9, 2009 11:38am Mar 9, 2009 11:38am
Has anyone here thought of, or explored the possibility of using the 100X80 EA only short or long when the pair is 90 PIPS from center? Or maybe even using the same EA when the pair is even further away than that, like 110, 120, 130 depending on the volatility of the pair. I wonder what the results would be? Going to do some visual testing on it myself. But, if anyone has already considered it, let me know.
  • #1,050
  • Mar 9, 2009 11:59am Mar 9, 2009 11:59am
my 4 level gbpchf just closed at tp, sweet. Was sweating that one a little bit.
Now GU hopefully can follow suit (although it's only at level 3 at the moment).
  • #1,051
  • Mar 9, 2009 11:59am Mar 9, 2009 11:59am
OK, if interested, use the attached EA, overwrite previous same-name EA.

Now, in settings, "TRUE_TP" is your true TP, "Takeprofit" is a stupid large TP number set for IBFX to sneakview. Your postions will be closed when TRUE_TP is reached, or stoploss.
Attached File(s)
File Type: mq4 AllTF_NanningBob 60x90_HiddenTP.mq4   24 KB | 416 downloads
  • #1,052
  • Mar 9, 2009 12:19pm Mar 9, 2009 12:19pm
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
My demo account took a huge beating earlier today. Forced myself to admit defeat and go ahead and open a new one. Can't say the new demo account is doing any better.
  • #1,053
  • Mar 9, 2009 12:36pm Mar 9, 2009 12:36pm
My Dumb Prediction,

True or False, take it as a joke.

Today's GBPUSD will be a typical death trade:

a straight down without a good retrace for this system, then during U.S evening later, it will be in a narrow range (maybe 30~40 pips wide), still no good retrace. At that point, many traders have their 3rd/4th level position opened with large drawdown.

However, until tomorrow morning, following Asian session, gbpusd will continue falling. Thus, all 3rd/4th positions will be stopped out.

Then that's a so-called death trade.

However, it is only a Death Trade, if, for example, you have 500$ at IBFX, but trade like 0.1 lot.

For a 2000$ account, using 0.01 lot, that's a terrible hit, but not Death Trade. Yes, I got that today. I curse the life, but i'll carry on, and on. My loss is no more than 5% of my capital anyway.

Good luck, guys.
  • #1,054
  • Mar 9, 2009 1:14pm Mar 9, 2009 1:14pm
Dear Knoxy,

Can I send you a PM? Unable to do it on the site.

Thanks.

Lenoxer
  • #1,055
  • Mar 9, 2009 1:24pm Mar 9, 2009 1:24pm
Now that I look closer at gbpusd, it came within 3 pips of opening a level 4 trade for me, which would have then instantly reversed and closed out at TP.
We'll see what happens with it.
  • #1,056
  • Mar 9, 2009 1:28pm Mar 9, 2009 1:28pm
Knoxy,
Be curious to see your results for the 4 level setup.
  • #1,057
  • Mar 9, 2009 2:10pm Mar 9, 2009 2:10pm
I see some are in trouble with the gbp/usd. I don't trade this pair, except for when it gets 250 away from center as a scalp trade. But, for some of the newer people, here's a chart showing how entering at a further distance away can keep you from being stopped out (sometimes), or giving you a winner instead of a loser. GBP is my most extreme entry away from center (if I trade it) at a whopping 160 pips from center on a 15 minute chart. Had I traded it today, I would have gone to level three, and immediately reverses. Those that enter at 90 are in a level 4 trade now and hoping it goes back up.
In a demo, this sort of thing warrants a shrug. Those that are in a level 4 now on a live account are doing more than that. This pair is an extreme example of how moving further away can help. On some of the other pairs, not entering until 110 to 140 away accomplishes the same thing. Far fewer entries and quite a bit less return per week than entering at 90 away, but far fewer worries.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd3-9-09.gif Size: 34 KB
  • #1,058
  • Mar 9, 2009 2:41pm Mar 9, 2009 2:41pm
I am live trading it and it's not in a level 4 yet. It came within a few pips of entering level 4 earlier today, and if it had would have been out already at TP. Since it did not quite get there, it is still at level 3 at the moment and still 50 pips away from opening level 4.
Just fyi.
  • #1,059
  • Edited Mar 10, 2009 2:21am Mar 9, 2009 3:28pm | Edited Mar 10, 2009 2:21am
Hi nanningbob and guys (non sexist opening)

Thanks for sharing this very interesting EA.
My first post here, but have been lurking since day 1.

Have been running the 3 level EA from post 1 on a demo account, without any manual interference since 23/2, including during the weekends. Better to try in the worse case I think.

As you will see from the attached report, there were several spikes of bad data. Today a huge spike of bad data took out the EA totally. Attached are files and screen shots. OK, a demo feed does have spikes occasionally, but so unfortunately does a live feed. Had this been live, you would now be arguing with your borker about compensation - not an easy task.

Is it maybe possible to add a routine which looks at the incoming price data and just rejects it if it is outside a certain deviation figure? This way the effects of heavy news days would be less and spikes would also be rendered harmless? Not sure how this could be done but someone out there will have an idea maybe?

... great work nanningbob
Attached Image (click to enlarge)
Click to Enlarge Name: spike1.gif Size: 12 KB
Attached File(s)
File Type: zip Data feed spike.zip   118 KB | 287 downloads
  • #1,060
  • Mar 9, 2009 3:41pm Mar 9, 2009 3:41pm
Quoting macman
Hi nanningbob and guys (non sexist opening)

Thanks for sharing this very interesting EA.
My first post here, but have been lurking since day 1.

Have been running the 3 level EA from post 1 on a demo account, without any manual interference since 23/2, including during the weekends. Better to try in the worse case I think.

As you will see from the attached report, there were several spikes of bad data. Today a huge spike of bad data took out the EA totally. Attached are files and screen shots. OK, a demo feed does have spikes occasionally,...
You are right about spikes.. They do happen and last august a spike on EU happened at 5pm est and hit my stop on a non-related trade. They insisted it was true, but no other platform had it. They eventually refunded that trade, but they still insisted that it was real price and the refund was a nice gesture on their part. So demo or live, stuff happens. I actually had a pending trade as well on the same pair, another system that had a 100pip stop and instantly I lost. They did NOT refund that one. I still filed a complaint.
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