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Nanningbob 60x90 EA

  • #1,221
  • Mar 12, 2009 12:21pm Mar 12, 2009 12:21pm
Quoting dmjservices
it looks like about a 4-500 pip movment in 15-30 mins.
any of you margin or SL out?
my eurchf is 130 pips away from center and I am in 4L.. luckily my other entries are 100 away from that instead of 90 I guess because of gaps, but the stop is at 1.5424, tp is 1.5158, so we'll see what happens. Not looking good at the moment.. My usdchf hit tp and I turned the ea off on it. I am in 1L of audchf..

This morning I was in 2L of usdjpy and mistakenly had it at .10 instead of .01, so I was sweating and once I made $1 I closed it and turned it off, although shortly after it skyrocketed.

I see now we need to get rid of like pairs... I mean being in 4L of usdchf and eurchf was sucky.
  • #1,222
  • Mar 12, 2009 12:36pm Mar 12, 2009 12:36pm
Quoting dmjservices
it looks like about a 4-500 pip movment in 15-30 mins.
any of you margin or SL out?
I was stopped out on the eurchf, two demos stopped out L4, one demo gapped and only opened L2, then stopped out.

Bioquim
  • #1,223
  • Mar 12, 2009 1:17pm Mar 12, 2009 1:17pm
The real problem is you can’t just dump a currency, just Because it has gone off the rails. The real problem is all the currency's that haven't made a big move. The world is falling apart everywhere.
I believe there is pressure everywhere for big moves. And we’re in for a rough ride.

But I think there is some really good news though.
i think that after a move happens it like an earth quake you might have some tremors but nothing like the first big blast.
And I believe that after it hits the currency goes numb from news. (it doesn’t react as much anymore)
So now that CHF has had a quake I would turn your charts to 1 min so they almost never trade except for really big moves. Or you might want to turn it off until next week.
There’s still hope daddy
the markets moving, time to get in!
  • #1,224
  • Mar 12, 2009 1:45pm Mar 12, 2009 1:45pm
For those that are live, and have been stopped, this post isn't intended to rub salt in the wound. For anyone considering going live, these sort of stops are what you need to be wary of and plan for. Maybe move further from center. Maybe go a real small amount to start with. Maybe not trade too many pairs that move in tandem. A 4 level stop out on the EUR/CHF? What did that cost if you were going a dime to start? Can your account take that kind of hit? What if two or three pairs are doing the same thing?
  • #1,225
  • Mar 12, 2009 3:03pm Mar 12, 2009 3:03pm
Dear Thread,

OK, the big hit on CHF pairs. If it happened once, it will happen again. And again. Defense wins in the NFL and in Forex, too. What is the right MM to survive such moves---and perhaps in multiple pairs at once? ---In short, you need your initial positions to be large enough to be worthwhile and yet small enough to survive such spikes.

Lenoxer
  • #1,226
  • Mar 12, 2009 3:10pm Mar 12, 2009 3:10pm
On a lighter note,when in heavy drawdown why not just adjust the sl and tp of each level so they act as though they were protected over the weekend. For example with two levels open, adjust the smaller trade to the larger trade's tp and adjust the larger trade to the smaller trade's sl. Isn't this the same as having the ea's protection over the weekend? Long term trades hold trades over the weekend so I can't see why a range trader can't do the same thing. Someone enlighten me.
  • #1,227
  • Mar 12, 2009 3:15pm Mar 12, 2009 3:15pm
My 100x150 is hanging in there but hanging by a thread. If I can get any kind of retrace during the JPY session I will have survived both the NZD and CHF moves today. I waited to put my recovery EAs on until after the news and price has still drifted up but its in the ball park. I wish I had stayed out but man these were .25 rate drops. Never expected to move that much. Well, its a crazy world out there. Wont be able to hold out much longer. 45 minutes left in the US session then hopefully we will get our retracement. DANG will have to go to a 500x500 system I guess LOL. For the quiet mild mannered eur/chf this is the biggest day for it ever.
  • #1,228
  • Mar 12, 2009 3:59pm Mar 12, 2009 3:59pm
Quoting paradoxical
For anyone considering going live, these sort of stops are what you need to be wary of and plan for. Maybe move further from center. Maybe go a real small amount to start with. Maybe not trade too many pairs that move in tandem. A 4 level stop out on the EUR/CHF? What did that cost if you were going a dime to start? Can your account take that kind of hit? What if two or three pairs are doing the same thing?
Any update on your settings? In times like this, I'd very much like to hear more about it. Who would've thought the EURCHF would behve like this oneday?
  • #1,229
  • Mar 12, 2009 4:05pm Mar 12, 2009 4:05pm
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
The Swiss really threw a monkey wrench into the mix today.

Nanningbob - is there any way we might be able to protect against something like this?
  • #1,230
  • Mar 12, 2009 4:05pm Mar 12, 2009 4:05pm
Quoting nanningbob
My 100x150 is hanging in there but hanging by a thread. If I can get any kind of retrace during the JPY session I will have survived both the NZD and CHF moves today. I waited to put my recovery EAs on until after the news and price has still drifted up but its in the ball park. I wish I had stayed out but man these were .25 rate drops. Never expected to move that much....
it's not the interest rate cut that move it so much, it's becoz chf central bank manipulate the market and make their currency weak against the eur. this move is even more powerful than in Oct.
  • #1,231
  • Mar 12, 2009 4:06pm Mar 12, 2009 4:06pm
Quoting jthomas71
On a lighter note,when in heavy drawdown why not just adjust the sl and tp of each level so they act as though they were protected over the weekend. For example with two levels open, adjust the smaller trade to the larger trade's tp and adjust the larger trade to the smaller trade's sl. Isn't this the same as having the ea's protection over the weekend? Long term trades hold trades over the weekend so I can't see why a range trader can't do the same thing. Someone enlighten me.

Ok when you’re talking about long term trading then you’re talking about looking at a currency pair’s fundamentals maybe looking at the charts to judge a trend. You might be looking for smoke signals. Or the stuff your smoking is giving you signals. And these signals are saying that this pair is going long or short. And it’s going that way a long ways. When you trade this way some micro gap of 1-300 pips through the weekend is no big deal. Because you’re betting that its going much farther that a little gap like that.
When your range trading it’s kind of like scalping it’s defiantly intratrade. It’s kind of a gimmick trade. It bases its self off of a math problem. And when you have a 200pip gap the EA can’t follow that and trade off of it. I range trading your betting that you trades are going to be happening within a certain range. And you DO NOT want it going beyond the specified range.
Does this help daddy
the markets moving, time to get in!
  • #1,232
  • Mar 12, 2009 4:20pm Mar 12, 2009 4:20pm
Quoting dmjservices
Ok when you’re talking about long term trading then you’re talking about looking at a currency pair’s fundamentals maybe looking at the charts to judge a trend. You might be looking for smoke signals. Or the stuff your smoking is giving you signals....
What the difference between a Friday trade closing on a Monday and a Tuesday trade closing on a Friday? All a gap is is a period of time your broker is closed. And if my tp is 100 and my sl is 200, the gap's going one way or the other. I'm not saying to intentionally trade over the weekend, but why close a trade with drawdown if you've got a 50/50 shot at tp over the weekend? Everybody says don't trade the weekend but no one has explained why. I'm still waiting for a convincing argument. Now if the range is an elastic rubber band that snaps back to center, are you saying the rubber band loses its elasticity over the weekend?
  • #1,233
  • Mar 12, 2009 4:20pm Mar 12, 2009 4:20pm
Quoting forexisfx
it's not the interest rate cut that move it so much, it's becoz chf central bank manipulate the market and make their currency weak against the eur. this move is even more powerful than in Oct.
i wonder how long it can last without at least a 50% retract. it will be surprising if it didnt retract at least 50%.
  • #1,234
  • Mar 12, 2009 4:39pm Mar 12, 2009 4:39pm
I had a weird feeling this week, and didn't activate the EAs at all. Sometimes you get lucky. Almost all week, there would have been no trades, anyway, and then yesterday, spikes all over the place. On this pair, my setting is 130 away on a 15 minute chart. IF I had the EA on today, my entry would have been at about 1.4926, and I'd be in a third level trade and currently down almost 400 pips with 100 more to go before I was stopped. Starting at just .10, and figuring each pip at a dollar, I'd be down roughly $330.00.
Quoting michaelhryu
Any update on your settings? In times like this, I'd very much like to hear more about it. Who would've thought the EURCHF would behve like this oneday?
  • #1,235
  • Edited 4:57pm Mar 12, 2009 4:46pm | Edited 4:57pm
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
Nanningbob - I'm looking at the code once more to see where we might be able to prevent this sort of thing again.

At the bottom of the file I noticed that we're calculating the indicators for multiple time periods at once - which got me to thinking about taking an average among X indicators and then ordering based upon that.

EDIT: Never mind. Back testing is not helping this at all as the tester is closing at the end of the 11th. I'll run some tests tomorrow and see what happens.
  • #1,236
  • Mar 12, 2009 4:55pm Mar 12, 2009 4:55pm
I fixed the problem with the EA that i posted earlier....it was using the bid for the sell and the ask for the buy...I also added the trailing stop feature to this EA....I got killed on the chf yesterday...didnt get stopped out but the price moved so fast that by the time the ea took the trades it was such a large gap that i ended up in a loss of about 25 dollars....my audnzd is still down about 60 dollars....depating weather to take a loss or ride it out....so many decisions
Attached File(s)
File Type: mq4 buy sell var buffer & TF & trailstop.mq4   25 KB | 345 downloads
  • #1,237
  • Mar 12, 2009 4:58pm Mar 12, 2009 4:58pm
With almost a 500 pip rise in less than an hour, it wouldn't have entered? That can't be right.
Quoting dethl
Nanningbob - I'm looking at the code once more to see where we might be able to prevent this sort of thing again.

At the bottom of the file I noticed that we're calculating the indicators for multiple time periods at once - which got me to thinking about taking an average among X indicators and then ordering based upon that.

EDIT: Never mind. Back testing is not helping this at all as the tester is closing at the end of the 11th. I'll run some tests tomorrow and see what happens.
  • #1,238
  • Mar 12, 2009 4:59pm Mar 12, 2009 4:59pm
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
Quoting paradoxical
With almost a 500 pip rise in less than an hour, it wouldn't have entered? That can't be right.
I threw a last-minute edit in, the strategy tester won't let me test into today so I took back my statement.
  • #1,239
  • Mar 12, 2009 5:15pm Mar 12, 2009 5:15pm
Quoting jthomas71
What the difference between a Friday trade closing on a Monday and a Tuesday trade closing on a Friday?...
This trading method needs to enter trades every 90 pips and it gets out within 60 pips of a reversal. One pair when triggers the trading process usually opens multipliable trades that are meant to be in specific locations in relation to each other. If you have an entry and you let it gap through the weekend it can through the trading process off.
the markets moving, time to get in!
  • #1,240
  • Mar 12, 2009 5:38pm Mar 12, 2009 5:38pm
Quoting dethl
Nanningbob - I'm looking at the code once more to see where we might be able to prevent this sort of thing again.

At the bottom of the file I noticed that we're calculating the indicators for multiple time periods at once - which got me to thinking about taking an average among X indicators and then ordering based upon that.

EDIT: Never mind. Back testing is not helping this at all as the tester is closing at the end of the 11th. I'll run some tests tomorrow and see what happens.
OK a few ideas for stopping this.

I was thinking of how hard it would be to set it up so you can program each and every level.
In fact can we set up a version that has different EAs all in one?
But you would want to be able to work out each level and program

Right now we are trading a 2/3 method but we could go 1/2, 1/3, 1/4 or even a 1/5.
A 1/5 could be a 100x500 method. I’ve thought about how to adjust it. If we link it to our candles That way it can’t enter until it is at the end of a candle. Setting the level to what its necessary
Also all of the different builds need different multipliers

we can use the candles to set what method were going to trade
the markets moving, time to get in!
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