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Nanningbob 60x90 EA

  • #1,341
  • Mar 16, 2009 12:50am Mar 16, 2009 12:50am
Quoting metalhead
what? gross

Thanks for linking me back to the beginning of this same thread. Obviously I've already read the thread but still had a question about whether the TP was 90 points from entry or from new average cost because I didn't see that addressed anywhere in the thread, however I did see lots of "TP of 90 pips" mentioned, but that statement is ambiguous.
90 is the reentry
60 is the retraction

so every 90 pips it adds another trade and if it reverses 60 it closes all trades for a net profit.
the markets moving, time to get in!
  • #1,342
  • Mar 16, 2009 12:55am Mar 16, 2009 12:55am
Who's your daddy?

Seriously, what is with this "Daddy", it is getting really annoying.
  • #1,343
  • Mar 16, 2009 1:00am Mar 16, 2009 1:00am
Dear Thread,

Still looking forward to those who want to generate some stats on price movements and the degree of retracements within those price movements. Good, important work.

Lenoxer
  • #1,344
  • Mar 16, 2009 1:26am Mar 16, 2009 1:26am
Quoting metalhead
what? gross

Thanks for linking me back to the beginning of this same thread. Obviously I've already read the thread but still had a question about whether the TP was 90 points from entry or from new average cost because I didn't see that addressed anywhere in the thread, however I did see lots of "TP of 90 pips" mentioned, but that statement is ambiguous.
This thread actually is continuation of HolyGrail (and also audnzd and 100x80) thread in the Rookies section. All the basic design of this method is available there.
60 pips is the TP for each level and 90 is the gap between each levels. Successive lots are increased by a multiplication factor presently 3. Starting level is certain pips away from a MA line (buffer zone).
"Put all your efforts in becoming effortless"
  • #1,345
  • Mar 16, 2009 3:16am Mar 16, 2009 3:16am
Quoting nanningbob
It is a nice place to live. People here are good to foreigners.

Yes they are. I was approached many times by “giggling” beautiful women wanting to practice English. I want to buy a condo in the Elephant Park area or the area around the Mindu Hotel.
  • #1,346
  • Mar 16, 2009 8:41am Mar 16, 2009 8:41am
Quoting whitegoodman
ok just had a meeting at work, gave me time to think about this some more...

you have to compare like with like...

so based on 400SL, 60x90, 4 maxtrades and 3 multiply you get the following...

new version SL = $70.20 on inital lot of 0.015

current version SL = $68.20 on initial lot of 0.01 so close enough SL drawdown to compare like with like.

now compare the different TP's depending on how many levels deep...

Current
1L= $0.60
2L = $1.50
3L = $3.30
4L = $7.80

New
1L = $0.90
2L = $1.35
3L...
These are all great ideas, if the ea will execute them. This is my temporary solution. Change multiplier to 2.5 and tp to 100 and extend range to 200 between levels. With a dime you've got 10.00 tp level one, 15.00 tp level two, and 7.50 tp level 3. Your total drawdown at 600 pips is $285. You don't need a 4th level because you're already at a 600 pip range. Anybody else have a way to trade dimes with only $285 dd at 600 pips?
  • #1,347
  • Mar 16, 2009 9:21am Mar 16, 2009 9:21am
Quoting Lenoxer
Dear Thread,

Still looking forward to those who want to generate some stats on price movements and the degree of retracements within those price movements. Good, important work.

Lenoxer
This is exactly what needs to be done.

Figure out what percentage of the time for a given currency pair it closes at each of the levels. Then you'll know how to adjust your intervals to maximize profitability.
  • #1,348
  • Mar 16, 2009 9:23am Mar 16, 2009 9:23am
ok i'm gonna ask the biggest noob question ever.

What broker are you using that allows you to trade with 0.01/pip lots? And I'm assuming you're using MT4 for charting (I associate EAs with MT4). I'm new to Forex so I'm not sure who the main brokers are. I've heard there's a lot of less than honest forex brokers tho.

I'd like to get a demo account with whichever broker you guys are using for this and try some stuff.

Thanks.
  • #1,349
  • Mar 16, 2009 9:23am Mar 16, 2009 9:23am
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
FOMC meeting this Wednesday. Keep an eye out on your USD pairs.

EDIT: From http://www.foxbusiness.com/story/mar...ng-248822100/:

Quote
The FOMC is not expected to reverse course and tighten the target Fed Funds rate from its historic low range of 0.0% to 0.25%.
  • #1,350
  • Mar 16, 2009 9:24am Mar 16, 2009 9:24am
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
Quoting metalhead
ok i'm gonna ask the biggest noob question ever.

What broker are you using that allows you to trade with 0.01/pip lots? And I'm assuming you're using MT4 for charting (I associate EAs with MT4). I'm new to Forex so I'm not sure who the main brokers are. I've heard there's a lot of less than honest forex brokers tho.

I'd like to get a demo account with whichever broker you guys are using for this and try some stuff.

Thanks.
I'm using Interbank FX (IBFX)
  • #1,351
  • Mar 16, 2009 10:01am Mar 16, 2009 10:01am
Hey Bob,
Don't know how often you read your other threads so hope you don't mind me posting this question here. I started a live account trade last night using the 100/40. At exactly the same time I opened a demo account with the same EA. Both accounts initiated at the exact same price but the live account sold and the demo bought. Can you tell me what may have caused this? I checked what settings for the 2MA were on my chart for both accounts and they were different. My live 2MA(settings on my chart) was linear weighted applied to close , shift 0. My demo 2MA(settings on my chart) was LW applied to open,shift 1. This should't make any difference should it? The EA will trade according to the setting of the 2MA in the code no matter what you have on your chart, right. Just wanted your input on this since I'm trading with real money now. By the way, the first six trades live were initiated right on the button, no delay ,no slippage.
  • #1,352
  • Mar 16, 2009 10:06am Mar 16, 2009 10:06am
Quoting dethl
I'm using Interbank FX (IBFX)
Thanks I just opened a demo.
  • #1,353
  • Edited 10:47am Mar 16, 2009 10:12am | Edited 10:47am
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
Quoting metalhead
Thanks I just opened a demo.
Just make sure when you open the demo you select the account type as "minis" instead of "standard".

EDIT: Fixed a stupid typo. Oops.
  • #1,354
  • Mar 16, 2009 10:33am Mar 16, 2009 10:33am
Quoting toyoproxo
Who's your daddy?

Seriously, what is with this "Daddy", it is getting really annoying.
that means your daddy.
unless i'm wrong and your a mommy.
are you a mommy
the markets moving, time to get in!
  • #1,355
  • Mar 16, 2009 11:01am Mar 16, 2009 11:01am
What an odd interface.

In MT4 is there a way to:

1. See what level an order is at just by looking at it? So right now I see this:

#1234567890 buy limit--------------------------------------------

But it doesn't tell me the price of that order.

2. Is there a way to modify existing orders by dragging them up or down on the chart rather than having to go into the order window?

3. Is there a way to force the cursor into the crosshairs so I can always see what price it's at rather than it going back to the arrow (which is useless) every time I click on something?

Thanks.
  • #1,356
  • Mar 16, 2009 11:33am Mar 16, 2009 11:33am
Two more questions and then I'm done.

1. I downloaded the .zip on the first page and it was missing some of the things that the .doc said it should contain (such as separate folders). Am I doing something wrong?

2. Does MT4 allow you to take opposite positions in the same currency at the same time? In other words, can I be long and short the EURUSD at the same time? I only see "buy" and "sell" options and not specific "buy, sell, sell short, and cover" options. This leads me to believe that if I already have a long position, my only available option is to "sell" it and not "sell short." When I specifically asked IBFX chat support if I can have opposite positions open in the same currency all she said was "yes you can hedge." I asked if it requires a separate sub account and she said "yes you can hedge." Not sure if she entirely understood what I was asking or not.

Thanks.
  • #1,357
  • Edited 12:01pm Mar 16, 2009 11:57am | Edited 12:01pm
If the death trade is a concern, what if you were able to change the outcome of each level so that it looked like this:

Level 1 - small loss
Level 2 - Small win
Level 3 - Bigger win
Level 4 - big win
Level 5 - moderate win
Death Trade - large win

So basically you would have to enter when you think the first TP will NOT get hit, and once your second level is triggered, you are guaranteed to be in the money from that trade.

This is why we need to run stats on how many times each level gets hit. If trades end in level one the vast majority of the time then this probably won't work.

this simulation is from a futures system involving 5 levels before the death trade rather than 4 or however many Nanningbob's uses that I am trying to convert for FX.
  • #1,358
  • Mar 16, 2009 11:59am Mar 16, 2009 11:59am
Quoting metalhead
[b]2. Does MT4 allow you to take opposite positions in the same currency at the same time? In other words, can I be long and short the EURUSD at the same time? I only see "buy" and "sell" options and not specific "buy, sell, sell short, and cover" options. This leads me to believe that if I already have a long position, my only available option is to "sell" it and not "sell short." When I specifically asked IBFX chat support if I can have opposite positions open in the same currency all she said was "yes you can hedge." I asked if it...
The EA uses a magicnumber. It won't close or mess with any open orders you have up manually. IBFX lets you open sells and longs on the same account. There is no problem there. The EA works all by itself and requires no manual trades from you. If you want to trade the pairs on your own there is no problems there the EA won't mess with them.
  • #1,359
  • Mar 16, 2009 12:03pm Mar 16, 2009 12:03pm
Quoting dmjservices
that means your daddy.
unless i'm wrong and your a mommy.
are you a mommy

Seriously, your 34 years old, it is time to grow up
  • #1,360
  • Mar 16, 2009 12:24pm Mar 16, 2009 12:24pm
Quoting toyoproxo
Who's your daddy?

Seriously, what is with this "Daddy", it is getting really annoying.
Called a 'Father fixation' - nothing to worry about. Probably only lasts about 20 years ....
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