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Nanningbob 60x90 EA

  • #1,161
  • Mar 11, 2009 3:01pm Mar 11, 2009 3:01pm
Quoting dethl
Thanks! I'm still testing it to find the best settings for each time frame, but everyone can test too and report their findings too.
Will post some test results .. keep up the good work - appreciated
  • #1,162
  • Mar 11, 2009 4:05pm Mar 11, 2009 4:05pm
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
One thing I can definitely say for these modified EAs: demo test them for awhile! I am wanting to start out small (about $100) but have noticed that over time these EAs can and will margin out if the DD is too much.

So for those of you wanting to start out small, test this system first before you attach real money to it.
  • #1,163
  • Mar 11, 2009 4:13pm Mar 11, 2009 4:13pm
I saw this on an Alpari demo account and was wondering if this happened on anyone else's EURNZD 5M chart. There were four candles missing and a 200 pip gap. This of course did happen at the time of the NZD Cash Rate announcement. Leading up to this, the EA had taken out a Level 1 Short and closed after the price and time gap for a 200 pip profit. Check out the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd03112009.gif Size: 26 KB
Find the edge, and keep it sharp.
  • #1,164
  • Mar 11, 2009 5:03pm Mar 11, 2009 5:03pm
Quoting RisingSun
Hi Spook,

Have applied your ECN 60x90 to my MBT's MT4 but it looks like your EA is for 4 digits, not for 5 digits.

Since MBT's MT4 is 5 digits, can you upload a 5 digits version?

Also the lot size for MBT is 0.1 but your EA is still 0.01 and since you have locked your EA I cannot modify the lot size from within the code and that is not convenient. Can you unlock your EA?

Finally, ECN MT4 like MBT's MT4 does not allow SL and TP sent with orders, if instant orders. Does yours send orders with or without SL and TP?

If without SL and TP, how would...
Hello RisingSun

I´ve attached the mql version of the ECN modofied EA.
I have hired a coder to do the changes so i cant help you further.
The EA sets the SL and TP after the trade was entered.
Hope this helps.
Attached File(s)
File Type: zip 3L 60x90 ECN.mq4.zip   44 KB | 431 downloads
  • #1,165
  • Mar 11, 2009 5:21pm Mar 11, 2009 5:21pm
Quoting imalisebenza
new to posting; been running demo 60x90 with fab results - any thoughts on gbpusd yesterday and how to handle it; I went 4 levels and it will kill you quick...
imal,
Try another moving average (ex. 40) instead of 80 on the GBP/USD. Will make it trade less but you still get some trades and it won't get out of hand as easily. The smaller the MA, the less volatile the EA becomes.
  • #1,166
  • Mar 11, 2009 5:42pm Mar 11, 2009 5:42pm
silent days and then today it gets in 3 pairs using my crazy numbers..
  • #1,167
  • Mar 11, 2009 6:04pm Mar 11, 2009 6:04pm
Spook,

Yes, it's working with my MBT ECN MT4 - placing orders without SL and TP, and shortly after modifying to put SL and TP. Beautiful!

Since the spread is much narrower imporved performance could be expected, even though commissions are charged separately.

Will report after some test period ... Many thanks for your contribution. RS

Quoting Spook
Hello RisingSun

I´ve attached the mql version of the ECN modofied EA.
I have hired a coder to do the changes so i cant help you further.
The EA sets the SL and TP after the trade was entered.
Hope this helps.
  • #1,168
  • Mar 11, 2009 6:28pm Mar 11, 2009 6:28pm
Quoting EclecticJoe
I saw this on an Alpari demo account and was wondering if this happened on anyone else's EURNZD 5M chart. There were four candles missing and a 200 pip gap. This of course did happen at the time of the NZD Cash Rate announcement. Leading up to this, the EA had taken out a Level 1 Short and closed after the price and time gap for a 200 pip profit. Check out the chart.
NZD news interest story today. Keep up with the news. Good thing it went down instead of up or you would have been in trouble. good show though.
  • #1,169
  • Mar 11, 2009 7:20pm Mar 11, 2009 7:20pm
@ RisingSun;

Currently, MBT MT4 is beta testing only, correct?

TimeFreedom

Quoting RisingSun
Spook,

Yes, it's working with my MBT ECN MT4 - placing orders without SL and TP, and shortly after modifying to put SL and TP. Beautiful!

Since the spread is much narrower imporved performance could be expected, even though commissions are charged separately.

Will report after some test period ... Many thanks for your contribution. RS
  • #1,170
  • Mar 11, 2009 7:39pm Mar 11, 2009 7:39pm
I got its demo account about a month ago. I had to ask for it by email.
I couldn't do any test until I got Spook's version coz of order placing limitations (SL/TP issue). I will ask MBT if beta still or tradable now and report. RS

Quoting TimeFreedom
@ RisingSun;

Currently, MBT MT4 is beta testing only, correct?

TimeFreedom
  • #1,171
  • Mar 11, 2009 7:47pm Mar 11, 2009 7:47pm
It might be nice if MBT gets the MT4 working for live accounts. Their spreads are good. I wouldn't hold my breath with them, though. They work at the pace of a snail. My question would be what good is this EA with them if you have to manually input the stop loss and take profit? Seems to defeat the purpose of an EA. How ya gonna do that at 2:30 in the morning? Or, when at work?
Quoting RisingSun
I got its demo account about a month ago. I had to ask for it by email.
I couldn't do any test until I got Spook's version coz of order placing limitations (SL/TP issue). I will ask MBT if beta still or tradable now and report. RS
  • #1,172
  • Mar 11, 2009 7:52pm Mar 11, 2009 7:52pm
Quoting paradoxical
It might be nice if MBT gets the MT4 working for live accounts. Their spreads are good. I wouldn't hold my breath with them, though. They work at the pace of a snail. My question would be what good is this EA with them if you have to manually input the stop loss and take profit? Seems to defeat the purpose of an EA. How ya gonna do that at 2:30 in the morning? Or, when at work?
"Spook,

Yes, it's working with my MBT ECN MT4 - placing orders without SL and TP, and shortly after modifying to put SL and TP. Beautiful!

Since the spread is much narrower imporved performance could be expected, even though commissions are charged separately.

Will report after some test period ... Many thanks for your contribution. RS"
Grabbing the bull by the horns!
  • #1,173
  • Mar 11, 2009 8:23pm Mar 11, 2009 8:23pm
Quoting dethl
I messed up when I posted that modified EA. Here are all of the 3L 60x90 EA's with the trailing stop modification.

This will only trailing stop on the first level and after the TrailingStopEngage value has been met.
Thank you, can you also post the templates. I assume you just add a 0 to get the MA chart to work with 5 digits but I want to have the correct templates also. Great work.
  • #1,174
  • Mar 11, 2009 9:49pm Mar 11, 2009 9:49pm
Quoting TimeFreedom
Knoxy;

Maybe I am a little dense, but can you give us the conclusion of your results. Which pair, timeframe, and settings you would recommend based on your findings?

Note: Maybe someone else can answer this question. Please advise.

TimeFreedom
TimeFreedom,

Because I can run tests quickly, I'm just doing a few to help others explore their thoughts rather than to build or recommend a portfolio. Hopefully I'll learn something along the way.

What to trade? Depends very much on the trader, risk tolerance etc. Because I've been developing systems and trading FX for 5y+ I've developed different strategies for each pair. My method is to audition new EAs but only use if they bump the existing strategy on the a pair in the terms important to me which goes beyond nett profit (DD, trade frequency, profit factor etc).

Only successful instance of this EA for me (ie. better than previously using) is 3 levels AUDCAD 13 min 90 width spacing 75 take profit 350 SL. Yes, 13m an advantage of trading with Gain through Tradestation. 10m also works well same settings. I think the pair works because both are commodity currencies influenced by similar factors so much of the trend factor is common to both leaving just the variations from mean. Same argument for why AUDNZD works other than the horrendous spreads.

May look like overoptimised settings, but they put me in the centre of reasonable bands for each variable. Just started real with this EA yesterday, fingers crossed.

Knoxy
Aspice, officio fungeris sine spe honoris amplioris
  • #1,175
  • Mar 11, 2009 10:19pm Mar 11, 2009 10:19pm
Quoting Knoxy
TimeFreedom,

Because I can run tests quickly, I'm just doing a few to help others explore their thoughts rather than to build or recommend a portfolio. Hopefully I'll learn something along the way.

What to trade? Depends very much on the trader, risk tolerance etc. Because I've been developing systems and trading FX for 5y+ I've developed different strategies for each pair. My method is to audition new EAs but only use if they bump the existing strategy on the a pair in the terms important to me which goes beyond nett profit (DD, trade frequency,...
I personally can like both high and low risk. for this EA i calibrate my pairs daily.
i have been thinking it might be fun to have the same EA on the same pairs but have different time frames like one on 5m then 15m 30 min 1 hr. if you did that with some of the pairs you would have different angles you could hit the same pair and different entrys. maybe even different sizes. like 50x75 or 70x110.
the markets moving, time to get in!
  • #1,176
  • Mar 12, 2009 3:53am Mar 12, 2009 3:53am
hmmm when the JPY pairs get moving it can be quite problematic to this system. i'm thinking no majors and no jpy crosses. really i think it comes down to only a few safe pairs...
change the future, not the past
  • #1,177
  • Mar 12, 2009 3:59am Mar 12, 2009 3:59am
Quoting 137
hmmm when the JPY pairs get moving it can be quite problematic to this system. i'm thinking no majors and no jpy crosses. really i think it comes down to only a few safe pairs...
all im trading live now is audnzd, audcad, nzdcad, gbpnzd, eurnzd

demo trading the rest to see if any others behave properly...

as a general rule it might be easier to leave the US and JPY crosses out, but all depends on settings and risk profile of the person
Grabbing the bull by the horns!
  • #1,178
  • Mar 12, 2009 4:21am Mar 12, 2009 4:21am
Quoting whitegoodman
all im trading live now is audnzd, audcad, nzdcad, gbpnzd, eurnzd

demo trading the rest to see if any others behave properly...

as a general rule it might be easier to leave the US and JPY crosses out, but all depends on settings and risk profile of the person

From what I have seen the gbpnzd and eurnzd are volatile pairs with high spreads.
  • #1,179
  • Mar 12, 2009 4:46am Mar 12, 2009 4:46am
Quoting toyoproxo
From what I have seen the gbpnzd and eurnzd are volatile pairs with high spreads.
that is very correct but the settings im using have sorta negated this to an extent, you will notice that is moves quite alot during the day...

worse comes to worse its within my risk threshold if it hits SL, so i sleep quite easy
Grabbing the bull by the horns!
  • #1,180
  • Edited 5:51am Mar 12, 2009 5:34am | Edited 5:51am
Quoting toyoproxo
The equity is $1,925 so it is still down. This is all 23 pairs .05 lot.
My live 2 level 100/200 400 sl ea is up $200 atm with $92.00 drawdown. Remember this is with $1500 balance and no pair will ever drawdown more than $100. I think for a week with a bad start this is respectable. I'd love to average $300 a week on a $1500 account with this system. Last week was $635 profit so I don't see with good money management why it couldn't happen.

Now my "revealing I'm a newbie" question. How do I stop this thing? I want to stop trading before friday us session but if I turn off the ea my present multilevel trades are unprotected. I don't mind manually closing trades on Friday afternoon but doesn't shutting off the ea make the 1 and 2 levels not automatically close at the same time? And what are the dangers of weekend gaps exactly? Don't I either tp or sl, which is what I'm trying to do anyway?
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