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Nanningbob 60x90 EA

  • #1,301
  • Mar 14, 2009 10:46am Mar 14, 2009 10:46am
Quoting Toothman
I see sell orders opening up pretty much on the entry line but buy orders are entering above the entry line by the distance of the spread. How would I adjust the code to get buy orders to open right on the line. Would I change the line in the code that reads if(Bid<Var3 to read if(Ask< Var3? Thank you
Yes, another user posted the change in the code to do this a few pages back.
  • #1,302
  • Mar 14, 2009 11:55am Mar 14, 2009 11:55am
Quoting nanningbob
Again to restate on what was posted on the first page. Avoid interest rate changes and the really big news stories. They are the ones that will push price outside of range. Some people discovered this this week when the NZD and CHF did interest rate changes. The simple thing to do is not to trade those days in those currencies. Not trading is a trading strategy, I have never proposed this system as a 24/5 system. You use it with some common sense and you will find it profitable. You trade on a day you shouldnt, well there is a 4-500 pip stop loss...
Thanks for the reply. Your system is interesting and I wasn't trying to attack it. I was just cautioning people about their expectations. Like I said, this year has been pretty good for countertrend trading. Last week was certainly not a "worse case scenario" as someone else said. People should view charts from August-October of last year to see how crazy things can get--and volatility doesn't always occur around news releases.

I think your idea of using a few "levels" and allowing occasional losses is sound. Even Martingale or other progressive money management systems could work this way, as long as you don't trade them until a margin call or 50% drawdown (like many EAs do). So I'm interested in the idea. I just wanted to warn people that bigger moves and losses will come..and are part of the game.
  • #1,303
  • Mar 14, 2009 12:42pm Mar 14, 2009 12:42pm
Quoting Longshot
Thanks for the reply. Your system is interesting and I wasn't trying to attack it. I was just cautioning people about their expectations. Like I said, this year has been pretty good for countertrend trading. Last week was certainly not a "worse case scenario" as someone else said. People should view charts from August-October of last year to see how crazy things can get--and volatility doesn't always occur around news releases.

I think your idea of using a few "levels" and allowing occasional losses is sound. Even Martingale or other progressive...
And your warnings are well placed. Unlike most trading systems I bring this one complete with warnings as to what can go wrong. I think if your honest with the downsides traders will trust you with your basic philosophy. To remind us from time to time is a good thing. Thanks for posting.
  • #1,304
  • Mar 14, 2009 12:47pm Mar 14, 2009 12:47pm
Quoting llambert3
Yes, another user posted the change in the code to do this a few pages back.
llambert,
Sorry, I'm still confused. Both Bob's and IamThat's versions use Bib,Bid at the bottom of the code . Sell order- if(Bid > Var3 Buy order- if Bid < Var3. Iamthat said he was correcting the problem but his code still reads Bid,Bid. So back to my original question, what do I have to change in Bob's EA to get buy orders to kick in right at the lower buffer line. Right now trades are being initiated above the buffer line by the distance of the spread. Would like this change to make manual back testing easier.
  • #1,305
  • Mar 14, 2009 1:19pm Mar 14, 2009 1:19pm
Quoting nanningbob
Coding two eas to work together sounds like a nightmare assingment to me. In once sense I am doing something like that in my testing now. I use a two level system but when price gets away I go to a much wider system. So lets say you use 1 EA for the first 2 or 3 levels. You then use another above that that is much wider and uses a lower multiplication. so lets say you start with a 3x multiplication for the 1st two levels you then go to a 2x for third on up and a wider spread. So it looks like this 90, 180 levels would be 3x and go .05 then .15 then...
that's the basis of my jumping trade.
the markets moving, time to get in!
  • #1,306
  • Mar 14, 2009 1:22pm Mar 14, 2009 1:22pm
Quoting jthomas71
137 called last week a worst case scenario. How would you all rate it on a scale of 1 to 4?

1:woo hoo, I'm rich
2:not bad, I'm going out for a good dinner
3: oh well, better luck next time
4: staring at the screen with a pit in your stomach

Surely it gets much worse than this, right?
2 or 3
the markets moving, time to get in!
  • #1,307
  • Mar 14, 2009 1:47pm Mar 14, 2009 1:47pm
Quoting jthomas71
137 called last week a worst case scenario. How would you all rate it on a scale of 1 to 4?

1:woo hoo, I'm rich
2:not bad, I'm going out for a good dinner
3: oh well, better luck next time
4: staring at the screen with a pit in your stomach

Surely it gets much worse than this, right?
It was a losing week for me, but not nearly the worst. I am still up for the month.
  • #1,308
  • Mar 14, 2009 2:21pm Mar 14, 2009 2:21pm
Quoting Toothman
llambert,
Sorry, I'm still confused. Both Bob's and IamThat's versions use Bib,Bid at the bottom of the code . Sell order- if(Bid > Var3 Buy order- if Bid < Var3. Iamthat said he was correcting the problem but his code still reads Bid,Bid. So back to my original question, what do I have to change in Bob's EA to get buy orders to kick in right at the lower buffer line. Right now trades are being initiated above the buffer line by the distance of the spread. Would like this change to make manual back testing easier.
well I am not sure who it was that mentioned this, but I was confused and said the EA was correct using bid.. I just didn't understand what they were saying. Their point was just like you are saying, to use ask on the buy (when the price gets to bottom line) instead of bid. So if you change that piece of code from bid to ask you will get what you want.
  • #1,309
  • Mar 14, 2009 5:15pm Mar 14, 2009 5:15pm
Quoting llambert3
well I am not sure who it was that mentioned this, but I was confused and said the EA was correct using bid.. I just didn't understand what they were saying. Their point was just like you are saying, to use ask on the buy (when the price gets to bottom line) instead of bid. So if you change that piece of code from bid to ask you will get what you want.
llambert,
Ok ,thanks. Will make the change to the code and see if that works.
  • #1,310
  • Edited 2:14am Mar 15, 2009 2:01am | Edited 2:14am
well i hope i am right and last week was bad. i trade the 5 min charts and waking up to see 200-400 pip spikes was pretty crazy..
change the future, not the past
  • #1,311
  • Mar 15, 2009 2:24am Mar 15, 2009 2:24am
There are so many whiners.
If this was a martingale and you were in DD were talking half your account.
But for some of you dime traders it’s a couple hundred bucks.
And pennies come on give me a break.
Yeah I had a loss too but I’m trading next week. I think most of my loss was because I didn’t want to let it Gap.
You know that follow your rules thing.

You guys are stress balls. Here is what you can do to help with that.
Limit your time looking at the live charts.
Maybe 2-4 times a day just check to make sure that the EA is working.
When you are sitting at the third or fourth level maybe it’s time to Just walk away from the computer.
You’re going to give yourself a heart attack watching that thing. Trust the system.
And for pity sake after you have 3 running accounts. Get an experimental account you can blow.
That way you can turn up the price or turn up the action. You know those ultra high risk settings that can give a million or margin call you. have fun with it.
I know emotions are hard but come on.
above all else follow your rules.
Daddy I know you can do it.
the markets moving, time to get in!
  • #1,312
  • Mar 15, 2009 3:14am Mar 15, 2009 3:14am
no whining now.

i have another addition, which would cut DD and make more profit esspecially with system, where the TP is less than Leveldistance 60X90.

why not close Level1 if Level 2 opens. and close Level 2 at open by Level 3 an so on:

Old EA:

If Level2 reach TP you have 60 Pips gain on Level2 and 120 Pips Loss at Level 1,

New EA:

If Level2 reach TP you have 60 Pips gain on Level2 but only 90 Pips loss at Level 1.

this is a big difference, right?
  • #1,313
  • Mar 15, 2009 3:21am Mar 15, 2009 3:21am
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
I took my idea for spike protection to a whole new level. I am using the immediate first (slope between current bar and previous bar) and second derivative (slope of the change between the pair of the current/previous bar and the pair of the 2nd previous/3rd previous bar) of the graph to determine volatility and whether or not to allow trading and whether or not to kill all current trades if a huge spike occurrs suddenly.

For the CHF pairs in back testing I've had much better results with my anti-spike protection enabled than with it not. The protection can actually be counter-productive to charts that have no major spikes (USACAD) and I've yet to find the best settings for the JPY pairs.

This protection will not help against any orders that hit their s/l over a long period of time. It only protects against sudden spikes that news/crazy governments&banks/etc cause (EDIT: Given that the spike threshold is hit).

I will not be posting the code until I've had a good chance to forward test this.

DMJ: the poor performance of the EA last week just shows us what we need to patch up (sudden spikes). I take the multiple demo accounts that I blew last week as a badge of honor since it caused me to think about how to protect against this sort of thing in the future.
  • #1,314
  • Mar 15, 2009 3:29am Mar 15, 2009 3:29am
Quoting der stratege
no whining now.

i have another addition, which would cut DD and make more profit esspecially with system, where the TP is less than Leveldistance 60X90.

why not close Level1 if Level 2 opens. and close Level 2 at open by Level 3 an so on:

Old EA:

If Level2 reach TP you have 60 Pips gain on Level2 and 120 Pips Loss at Level 1,

New EA:

If Level2 reach TP you have 60 Pips gain on Level2 but only 90 Pips loss at Level 1.

this is a big difference, right?

wrong, currently it would be a 30pip loss on level 1 and a 60pip gain on level 2... so yes currently is still better
Grabbing the bull by the horns!
  • #1,315
  • Mar 15, 2009 3:42am Mar 15, 2009 3:42am
white, you're right. my wrong math. he he. this happens if you wake up to early at sunday morning with a sleepless night.
  • #1,316
  • Mar 15, 2009 4:58am Mar 15, 2009 4:58am
Quoting der stratege
white, you're right. my wrong math. he he. this happens if you wake up to early at sunday morning with a sleepless night.
dont worry im the self promoted checks and balances officer regarding mathamatical modifcations
Grabbing the bull by the horns!
  • #1,317
  • Mar 15, 2009 8:54am Mar 15, 2009 8:54am
DMJServices;

Good to see constructive posts like this to keep things in perspective.

TimeFreedom

Quoting dmjservices
There are so many whiners.
If this was a martingale and you were in DD were talking half your account.
But for some of you dime traders it’s a couple hundred bucks.
And pennies come on give me a break.
Yeah I had a loss too but I’m trading next week. I think most of my loss was because I didn’t want to let it Gap....
  • #1,318
  • Mar 15, 2009 9:23am Mar 15, 2009 9:23am
Quoting dethl
I took my idea for spike protection to a whole new level. I am using the immediate first (slope between current bar and previous bar) and second derivative (slope of the change between the pair of the current/previous bar and the pair of the 2nd previous/3rd previous bar) of the graph to determine volatility and whether or not to allow trading and whether or not to kill all current trades if a huge spike occurrs suddenly.

For the CHF pairs in back testing I've had much better results with my anti-spike protection enabled than with it not. The...

The eurchf 5m candle on ibfx opened at 1.4869 and closed at 1.5127 or 258 pips.. The 15m candle opened at 1.4869 and closed at 1.5221 or 352 pips. Before this happened I would've never in my life thought it was possible without a fake spike or something and that should a currency do such it would definitely retrace quickly... WRONG... nothing is impossible in forex. What size of bar are you going to use in code that will prevent this from happening?

On a side note, I've gone through all of my pairs, and even found some more pairs that will work with 3L only. I will be risking between $100 to $150 instead of more than twice that with 4L. I only went the 4L on some because I was thinking if 3L worked, then 4L would get out quicker, but to add the extra risk, it isn't worth it. It is just better to let it go and then take the dang loss if it happens and move on.

By the way for the rest of you trading small accounts, at 1 penny 3L results about $46 loss at 500 pips, $108 on 4L.... Count on a loss to happen, cause it will. NOTHING IS IMPOSSIBLE IN FOREX...
  • #1,319
  • Mar 15, 2009 9:48am Mar 15, 2009 9:48am
Quoting llambert3
The eurchf 5m candle on ibfx opened at 1.4869 and closed at 1.5127 or 258 pips.. The 15m candle opened at 1.4869 and closed at 1.5221 or 352 pips. Before this happened I would've never in my life thought it was possible without a fake spike or something and that should a currency do such it would definitely retrace quickly... WRONG... nothing is impossible in forex. What size of bar are you going to use in code that will prevent this from happening?

On a side note, I've gone through all of my pairs, and even found some more pairs that will work...
Great post and explanation. I am even exploring 2 level trades because that is where most of my trades are at and the loss is even smaller. I then reenter if I think the move has lost steam, which I am doing with thurs. eur/chf trade, I am still in it, but my level 3 now is over 500 pips from my first level. At .25 a pip it still will not kill but but if I get a 50-100 pip retracement I am out with no loss or even a small profit. So hopefully we will see a retracement here, if not my loss will still be well under a 100 bucks. I am using a strong resistance point for this trade now.
  • #1,320
  • Mar 15, 2009 9:50am Mar 15, 2009 9:50am
Quoting whitegoodman
dont worry im the self promoted checks and balances officer regarding mathamatical modifcations
You are so promoted with the nanningbob seal of approval. :nerd:

Happy trading guys and gals.
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