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Nanningbob 60x90 EA

  • #1,101
  • Mar 10, 2009 9:16am Mar 10, 2009 9:16am
Toyo,

You got tired of your previous icon?

L.
  • #1,102
  • Mar 10, 2009 9:45am Mar 10, 2009 9:45am
Quoting Lenoxer
Dear Knoxy,

I'm sorry but I don't understand what changed from the previous, horrible looking equity curves to the present, better-looking curves. More levels? Greater pip distances between levels? What? All explanations appreciated.

Thanks,

Lenoxer

Lenoxer,
Knoxy per my request ran the same tests on 4 level, instead of 3, which I am doing live. That is the difference you see.

My live 4 level this week pulled out of the gbpusd situation without even getting to level4 (although level4 woulda been faster, it missed it by 3 pips)

Only a couple of level 2 trades open at this time, nothing left to stress about (yet).

Thanks Knoxy for running those stats on 4L, appreciate it!
  • #1,103
  • Mar 10, 2009 9:45am Mar 10, 2009 9:45am
Hi there Professional's, my first post ...

Thank you so much for this system Bob and everyone that has contributed...

Any live feedback as to how to trade this system on small equity base, say $200? How would you start, and on what currency pairs?

Here is a disastrous hit I took live. BIG MISTAKE ...

I tried demo last week, went excellent, doubled my account in a week with default settings and all pairs. Then yesterday and today ... I put the recovery onto the chart and ...ouch, you can see what happened ...

This day hurt me, took me down almost 80% of my equity. Please, Please help.

I have only been trading four months full time unsuccessfully until this system revealed itself ... and this system supports my part time teaching passion ... so please help me perfect this AWESOME semi-automatic system?

Unfortunately now, my fear has put me into a place of changing multiplier to one and I know that won't work either, because the maths will result in a loss ... right? so I guess to start with the right pairs with default setting (to avoid draw-down) will be the best route to go?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.jpg Size: 277 KB
  • #1,104
  • Mar 10, 2009 10:04am Mar 10, 2009 10:04am
Quoting cx007
Hi there Professional's, my first post ...

Thank you so much for this system Bob and everyone that has contributed...

Any live feedback as to how to trade this system on small equity base, say $200? How would you start, and on what currency pairs?

Here is a disastrous hit I took live. BIG MISTAKE ...

I tried demo last week, went excellent, doubled my account in a week with default settings and all pairs. Then yesterday and today ... I put the recovery onto the chart and ...ouch, you can see what happened ...

This day hurt me, took me down...
Trade the least volatile pairs which are the ones on the 30M and 1H charts. Use the 3 level deep program and you may want to widen the start from 60 to 100. This should give you some safe trading. As it works you can up the lots to .02 and .03. I am using .05 on 400 dollars right now and that has kept a low DD using those pairs. Also make sure you dont have too many in one pair. For instance if you have 5 or 6 aud pairs. If the aud takes off then you may end up with a group of trouble trades, so bring each group down to 2 or 3 pairs you would like to trade. Good luck.
  • #1,105
  • Mar 10, 2009 10:07am Mar 10, 2009 10:07am
Quoting cx007
Hi there Professional's, my first post ...

Thank you so much for this system Bob and everyone that has contributed...

Any live feedback as to how to trade this system on small equity base, say $200? How would you start, and on what currency pairs?

Here is a disastrous hit I took live. BIG MISTAKE ...

I tried demo last week, went excellent, doubled my account in a week with default settings and all pairs. Then yesterday and today ... I put the recovery onto the chart and ...ouch, you can see what happened ...

This day hurt me, took me down...
To be safe with margin requirements, $200 is not even close to being enough even with nano lots. Most people start with at least a $1,000 to trade penny lots.
  • #1,106
  • Mar 10, 2009 11:00am Mar 10, 2009 11:00am
Quoting nanningbob
Trade the least volatile pairs which are the ones on the 30M and 1H charts. Use the 3 level deep program and you may want to widen the start from 60 to 100. This should give you some safe trading. As it works you can up the lots to .02 and .03....
--- just a quick note to say thank you very much for a proactive positive approach, I really enjoy your explanations, sometimes, it gets too confusing for words and you have a gift of simplifying the clutter...thanks very much ---

i will try your approach and post some positive results...soon

Just another thought, has anyone tried to compliment the RANGING system with a TRENDING system and trade both complimentary to each other?
  • #1,107
  • Mar 10, 2009 12:21pm Mar 10, 2009 12:21pm
This is a Dear BOB letter.
I'm wondering if you have given the 100x200 any more thought. It appears a lot less risky having done some backtesting. But backtesting is not reliable.
  • #1,108
  • Mar 10, 2009 12:53pm Mar 10, 2009 12:53pm
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
I've gone ahead and started testing a new demo account (Starting with $75) on a few of the M15, M30, and 1H. I took out the M5's due to instability as well as the GBP pairs after the horrible beating I took yesterday. Hopefully this turns out better.

I'm ultimately wanting to start out small and build up slowly. Hopefully my example will help others with micro/nano accounts too.

EDIT: I've also modified T/P at 100 now instead of 60 and added a trailing stop of 15. I'll post results when I get them.
  • #1,109
  • Mar 10, 2009 1:26pm Mar 10, 2009 1:26pm
I have attached the three level ECN version of the EA for everyone who needs
it.
Attached File(s)
File Type: zip 3L 60x90 ECN.zip   130 KB | 420 downloads
  • #1,110
  • Mar 10, 2009 1:44pm Mar 10, 2009 1:44pm
These are the pairs I traded and the results, standard settings, trying to replicate in live environment, not sure WHY its not working ... I guess the reality of FEAR and GREED grips all ... or maybe just the market at the moment?

I hope this helps someone ...

Great results, so to show a few that you can double your money within a week or less with this system ... the pairs and risk I guess has to be right and then sit back and do not interfere with the trade ... but do watch the warning signs in Bob's post #62, wish I had seen that before the REAL DEAL ...

PAY IT FORWARD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: orginal start 9 pairs.jpg Size: 277 KB
Click to Enlarge Name: demo account statement.jpg Size: 98 KB
  • #1,111
  • Mar 10, 2009 2:20pm Mar 10, 2009 2:20pm
Quoting cx007
These are the pairs I traded and the results, standard settings, trying to replicate in live environment, not sure WHY its not working ... I guess the reality of FEAR and GREED grips all ... or maybe just the market at the moment?

I hope this helps someone ...

Great results, so to show a few that you can double your money within a week or less with this system ... the pairs and risk I guess has to be right and then sit back and do not interfere with the trade ... but do watch the warning signs in Bob's post #62, wish I had seen that before the...
First off I recommend only 6-9 pairs with that much
I would avoid having to many of one currency. In your pic you have a bunch of gbp I would limit gbp and jpy to 1-2 pairs.
You don’t want a currency running off the road and ¼ to ½ of your pairs running right along with it too.
200 is kind of difficult size to work with.
Another thing you can do is turn them all down to 5 min chart s to start out.
Eur/usd
Eur/jpy
Usd/chf
Aud/cad
Usd/cad
Gbp/chf
Its just an idea daddy
the markets moving, time to get in!
  • #1,112
  • Edited 6:01pm Mar 10, 2009 3:13pm | Edited 6:01pm
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
Out of curiosity, has anyone used the Trailing Stop feature in this EA? I have it set to 15 pips but the S/L never actually gets modified.

I checked out the code and found this if statement for the trailing stop:

For any order:

if ((OrderClosePrice()-OrderOpenPrice())>=(TrailingStop*Point+Pips*Point))

Unfortunately this won't work if Pips = 90 as we'll take a profit at 60 long before. So our actual Trailing Stop in the above examples would be Pips + TrailingStop value before the order is even modified. So for what I was trying to do (Pips = 90, TrailingStop = 15) - I would have to hit 115 pips from my entry point before the TrailingStop modify() would be executed.

It would be better if it was changed to:

if ((OrderClosePrice()-OrderOpenPrice())>=(TrailingStop*Point))

EDIT: Hrm, for some odd reason the forum puts a space in the middle of the word Point.

EDIT2: Interesting behavior here in the strategy tester when I play with TrailingLoss. Apparently with it on it does better overall in the long run and can handle drops better. I'll have to mess with this some more.
  • #1,113
  • Mar 10, 2009 6:27pm Mar 10, 2009 6:27pm
can i reccomend those jsut starting this thread do ATLEAST one month demoing so A) you can see which are the volatile pais B) see the effects of a drawdown with your settings and account size and C) learn to manipulate a currencies settings to your advantage

if you go live after 1 week and lose the lot I have no sympathy
Grabbing the bull by the horns!
  • #1,114
  • Mar 10, 2009 6:55pm Mar 10, 2009 6:55pm
does anyone know of a good broker who offers nano lots (1cent/pip) besides InterbankFX?? the difference between a micro lot and a nano lot is 10X and i don't have $10,000 to start a live account. please help if you can...
change the future, not the past
  • #1,115
  • Mar 10, 2009 7:23pm Mar 10, 2009 7:23pm
Hi there,
I unzipped the 60x90,installed it on the Liteforex Metatrader4.However,when I go to File then Profiles and load the 60x90 buy sell 4 levels,the 22 currency pairs come up,but the Metatrader freezes giving me the message:"Waiting for updates".
I know that this problem has to do with the forex broker,but I am 100% sure that Liteforex has nano lots,because they say that you can open an account for only $1,so I am wondering why the 60x90 freezes in these 22 currency pairs?
Can somebody help me solve this problem?
I am sure that a $1 account is nano lots.
Thanks.
  • #1,116
  • Mar 10, 2009 7:34pm Mar 10, 2009 7:34pm
Probably has nothing to do with the broker, or the lots. It's the fact it's trying to open every pair in the profile, along with the ea's and indicators all at once.
Open them all individually, is what I had to do. Kind renders creating a profile useless when the damn app wont load them doesn't it!
  • #1,117
  • Edited 8:11pm Mar 10, 2009 7:44pm | Edited 8:11pm
Quoting xristianos
[size=4]Hi there,
I unzipped the 60x90,installed it on the Liteforex Metatrader4.However,when I go to File then Profiles and load the 60x90 buy sell 4 levels,the 22 currency pairs come up,but the Metatrader freezes giving me the message:"Waiting for updates".
I know that this problem has to do with the forex broker,but I am 100% sure that Liteforex has nano lots,because they say that you can open an account for only $1,so I am wondering why the 60x90 freezes in these 22 currency pairs?
Can somebody help me solve this problem?
I am sure that...
After you load the EA up go to market watch. It will have a pop screen to your left side. right click on it and make sure show all is checked. Then drag each pair to the screen one at a time. It may take time, a minute or two for each pair but you are ordering which pair to load first instead of all at once. I think when the info loads it does the 1H first. Also make sure your EA is off until they all load up.

Another thing if you still are having problems download a fresh copy of MT4 from your broker. These programs get so loaded with back data and info you need to just reload it. I am at that point now with my live accounts and am going to go with fresh downloads.
  • #1,118
  • Mar 10, 2009 8:22pm Mar 10, 2009 8:22pm
In addition to what have been suggested, one way would be to limit the number of bars shown in each chart, now that this system calls for 20+ charts at one time.

Go to Tools/Options/Charts and set: Max bars in history: 5000 Max bars in charts: 5000. These are the mininum numbers in the selection tab, but one could go even lower manually.

If you need more date in history for back testing, you might want to set the Max bars in history to much higher number.

If interested, read MT4's Help/Help Topics/Client Terminal Settings/Charts: Amounts of Bars in History and in Charts for more details.

Hope this helps. RS
  • #1,119
  • Mar 10, 2009 9:34pm Mar 10, 2009 9:34pm
Quoting RisingSun

If you need more date in history for back testing, you might want to set the Max bars in history to much higher number.

Hope this helps. RS
very helpful, i didnt know you could do that, helps with my 5min chart visual backtesting, cheers
Grabbing the bull by the horns!
  • #1,120
  • Mar 10, 2009 9:54pm Mar 10, 2009 9:54pm
Quoting cx007
... from 225$ to 870$ in 3 days....

Great results, so to show a few that you can double your money within a week or less with this system ...
more than 200% in 3 days? what the heck?

I only earned 8$ this week so far, i sxxk.

how did you realise that? by using 0.1 lot as 1st level? Teach me, please.

However, CX007, I have been asked myself many times, if one could double his/her money every week consistently. If one does, then bill gates or buffet is no longer a thing.

i do know ppl who double every month......
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