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Nanningbob 60x90 EA

  • #1,061
  • Mar 9, 2009 4:29pm Mar 9, 2009 4:29pm
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,...

Are these live or demo spikes? I ask because I am running 2 demo accounts at IBFX with no spikes or problems.
  • #1,062
  • Edited 5:12pm Mar 9, 2009 5:06pm | Edited 5:12pm
Hello, NanningBob and others! First post here.

Thanks for sharing an intersting system. Have been folowing since mid February, demo/live, 4 and 5 digits, with great results so far.

May I have a quick question on the Rescue EA in regard to timing of use. I don't seem to have got it correctly after reading the instruction doc number of times.

I understood the timing of use is when the trades went to level 3 or 4 then switch to rescue. But now feel I was wrong and the rescue EA should be entered AFTER the SL is hit, since if I do so before, the SL will close the rescue trades as well.

I may have told my friends wrongly, so need to confirm the correct timing ...

Anyone, please. Thanks.
  • #1,063
  • Mar 9, 2009 5:13pm Mar 9, 2009 5:13pm
looks like i got data feed spiked by GO Markets on the audcad... whats my recourse for this??

ie a 400pip drop in a minute


oh yes its live...
Grabbing the bull by the horns!
  • #1,064
  • Mar 9, 2009 5:18pm Mar 9, 2009 5:18pm
If you are running level3, the rescue ea would be dropped on at whatever point you feel you want rescuing When you are sitting negative on all 3 trades and feel it's not going to come back for you, you use the rescue ea to help offset the losses to be able to close out the trades at a small loss or breakeven.
You definitely would not wait until it hit the stoploss, as the rescue ea is meant to try to rescue you from taking that big loss.
I decided in my trading, that I would use the 4 level system and no rescue ea's, instead of always having to rescue a 3 level gone bad.

Quoting RisingSun
Hello, NanningBob and others!...
  • #1,065
  • Mar 9, 2009 5:27pm Mar 9, 2009 5:27pm
Quoting whitegoodman
looks like i got data feed spiked by GO Markets on the audcad... whats my recourse for this??

ie a 400pip drop in a minute


oh yes its live...
First call to see if it was bad feed or they try to claim the feed was right.
  • #1,066
  • Mar 9, 2009 5:35pm Mar 9, 2009 5:35pm
Quoting llambert3
First call to see if it was bad feed or they try to claim the feed was right.
called up its all square... if you look at GO Markets for the audcad and audnzd they are susceptile to data spikes every few weeks, jsut remember to keep on top of it if it looks wrong, cos they wont lol
Grabbing the bull by the horns!
  • #1,067
  • Mar 9, 2009 5:42pm Mar 9, 2009 5:42pm
White, how many nanoseconds do you think it would have taken them to wipe a profit off your account if the spike was in your favor? And, I bet you wouldn't even have to call them to request it.
Quoting whitegoodman
called up its all square... if you look at GO Markets for the audcad and audnzd they are susceptile to data spikes every few weeks, jsut remember to keep on top of it if it looks wrong, cos they wont lol
  • #1,068
  • Mar 9, 2009 5:49pm Mar 9, 2009 5:49pm
Quoting toyoproxo
Are these live or demo spikes? I ask because I am running 2 demo accounts at IBFX with no spikes or problems.
Hi,
These are demo spikes - but could easily have been live. You can easily see how destructive this can be. IMHO this EA is not useable on a live account without some sort of protection against extreme situations.

I am looking to see if there is any code around which can be added.

Will post here if I find anything.

Thanks to all for a great thread.
  • #1,069
  • Mar 9, 2009 5:53pm Mar 9, 2009 5:53pm
Thanks for your reply, tazmaan.

Yes, that's the way I have been thinking and applying; when my L4 trade still doesn't look good, I apply the L7 rescue. Like GbpUsd today on demo (live only went to level 3).

But a thought has occured that if the SL of level 1 trade is hit, all trades of that pair will be closed, including the rescue trades. Is this not the case?

There have been discussions on the SL hit and subsequent total loss of a pair, which is based on the fist SL closing all other trades. Unfortunately, rescue eas were not touched upon in those posts.

There is no clear cut guidance in Bob's instruction manual as far as I can see.

Thanks,

RS


Quoting tazmaan
If you are running level3, the rescue ea would be dropped on at whatever point you feel you want rescuing ... ...
You definitely would not wait until it hit the stoploss, ...
  • #1,070
  • Mar 9, 2009 5:55pm Mar 9, 2009 5:55pm
Hi
Where can I find the (30x20 buy/sell EA ) where I can adjust the buffer and ma to be used on 4 digit broker (IBFX). I tried the one posted in this thread with the adjustment recommended by pipmaster but it has not taken any trade since yesterday
Thanks
  • #1,071
  • Mar 9, 2009 5:55pm Mar 9, 2009 5:55pm
can an entry timer be set for hidden SL like 10 sec
the markets moving, time to get in!
  • #1,072
  • Mar 9, 2009 6:08pm Mar 9, 2009 6:08pm
Quoting paradoxical
White, how many nanoseconds do you think it would have taken them to wipe a profit off your account if the spike was in your favor? And, I bet you wouldn't even have to call them to request it.
haha ive never had that "problem", but they are faily good about reversing trades, the words "fat fingers" came up when I talked with them lol.

spikes that went 350pips would be a gold mine , but unfortuneatly the spikes are usually a little larger
Grabbing the bull by the horns!
  • #1,073
  • Mar 9, 2009 6:23pm Mar 9, 2009 6:23pm
RS I agree, the rescue ea situation is a confusing one, which is another reason I am not using them anymore.
I believe you are correct, and once a stop is hit on any of the initial trades, or the rescue trades, it will close the entire batch. I believe this is what happened to me two weeks ago on the jpy pairs I had level3 on demo. Tossed the rescue eas on, then came back to check on it later and they had all closed at a loss.
That's about the extent of my thoughts on the rescue subject, maybe someone else can step in. Like I said, I won't use them anymore. If I do happen to be in an uncomfortable area in my level 4's, I am more than capable to handle trying to rescue them and close at a small loss manually


Quoting RisingSun
Thanks for your reply, tazmaan.

Yes, that's the way I have been thinking and applying; when my L4 trade still doesn't look good, I apply the L7 rescue. Like GbpUsd today on demo (live only went to level 3).

But a thought has occured that if the SL of level 1 trade is hit, all trades of that pair will be closed, including the rescue trades. Is this not the case?

There have been discussions on the SL hit and subsequent total loss of a pair, which is based on the fist SL closing all other trades. Unfortunately, rescue eas were not touched upon...
  • #1,074
  • Mar 9, 2009 6:35pm Mar 9, 2009 6:35pm
Excellent input, tazmaan. Helped me straighten out my thoughts a great deal. Many thanks, again. RS

If anyone else can disclose their thoughts, that would be even more appreciated.

Quoting tazmaan
RS I agree, the rescue ea situation is a confusing one, which is another reason I am not using them anymore.
I believe you are correct, and once a stop is hit on any of the initial trades, or the rescue trades, it will close the entire batch....
  • #1,075
  • Mar 9, 2009 6:45pm Mar 9, 2009 6:45pm
There's another thread that discusses the 100X80 EA and method. That EA doubles the amount of each successive trade, .02, .04., 08, and the fourth trade is for .16.
If you had a 60X90 EA trade going starting at .01, and it was past the third level, your trade amount on level three would be .09 (.01, .03., .09) If you do nothing, that trade stops out at 500.
IF you have some sense that the pair is at an extreme and will reverse (maybe you're using fibs, Murray Math, a 211 Moving Average, prayer, or a ougi board), you MIGHT want to slap on an EA that makes yet ANOTHER trade at an even higher amount than your third .09 trade.
Eneter the recovery EA. It STARTS out as if you were at level FOUR if you use the 4l recovery EA. It will make an IMMEDIATE trade at .16 with a 100 pip Take Profit. It it keeps going against you, say some more prayers and throw the ouji board in the fire, because the recovery EA will open ANOTHER trade after it goes 80 pips against you for .32. For those starting at a dime, you can do the math while the sweat beads off your forehead.
Probably better to plan the entire trade at the outset. In other words, know exactly what you'd LOSE if you were stoppped out at level 3 with a 500 PIP SL, and plan accordingly. Or, if you really want to go more levels, use the 4l EAs off the bat, or use a higher stop loss.
In some cases, if you're there, and experienced, you could possibly trade out yourself manually at a relatively small loss if it goes past level 3 by waiting for a retrace. But, what if there's no retrace?
Quoting tazmaan
RS I agree, the rescue ea situation is a confusing one, which is another reason I am not using them anymore.
I believe you are correct, and once a stop is hit on any of the initial trades, or the rescue trades, it will close the entire batch. I believe this is what happened to me two weeks ago on the jpy pairs I had level3 on demo. Tossed the rescue eas on, then came back to check on it later and they had all closed at a loss.
That's about the extent of my thoughts on the rescue subject, maybe someone else can step in. Like I said, I won't use them...
  • #1,076
  • Mar 9, 2009 6:56pm Mar 9, 2009 6:56pm
Quoting llambert3
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.
IMO, anything before August last year is not really valid. Right now, the world is in a crisis never seen before for decades and it will last for a long time and the volatility now will last as long as the crisis is still there. I think we are only at the beginning of the crisis.
  • #1,077
  • Edited 8:55pm Mar 9, 2009 7:01pm | Edited 8:55pm
Did you guys see the 75 pip spike down on the GBP/CAD at 21:25 today? The spike hit the entry line but didn't initiate the trade until price spiked back up over 100 pips from the entry line. Should have been a quick winner but instead I have a trade that entered near the MA line. If you change the slippage number in the code would that have kept you out of that trade? Chart is on post #1082
  • #1,078
  • Mar 9, 2009 7:07pm Mar 9, 2009 7:07pm
Would someone be good enough to walk me through the steps to post a chart and post an attachment. I'd like to post the chart I'm talking about in the previous post. Thanks
  • #1,079
  • Mar 9, 2009 7:11pm Mar 9, 2009 7:11pm
Quoting whitegoodman
looks like i got data feed spiked by GO Markets on the audcad... whats my recourse for this??

ie a 400pip drop in a minute


oh yes its live...
Can u take a screen shot of the spike ? I wish i could get this kind of spike.

If anyone is using IBFX, look at AUDNZD 8 Oct 2008, the spike is quite impressive.
  • #1,080
  • Mar 9, 2009 7:13pm Mar 9, 2009 7:13pm
looking at the online charts at work, the GBPUSD looks to be retracing off strong support from back in 2001 and recent weeks... luckily im only one level deep atm after getting out at level 2 yesterday...

also those trading eurgbp it looks to be rolling over at the top...
Grabbing the bull by the horns!
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