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Nanningbob 60x90 EA

  • #1,381
  • Mar 16, 2009 10:52pm Mar 16, 2009 10:52pm
With all due respect, I think you should go back to the beginning and learn what this pqrticular system is all about before posting any further.
Quoting metalhead
Here's how I am approaching this.

On less volatile pairs (EURUSD, EURGBP, GBPUSD; volatility info from nanningbob's Excel spreadhseet):

In order to make this profitable in the long term you are going to need to be running multiple trades at the same time in possibly opposite directions per currency pair.

Before we go any further, read about Parrondo's Paradox:

http://en.wikipedia.org/wiki/Parrondo's_paradox

Cliffs Notes:
- Two losing strategies applied together can produce a winning strategy

Mindblowing, right?

Watch this...
  • #1,382
  • Mar 16, 2009 11:03pm Mar 16, 2009 11:03pm
Quoting paradoxical
With all due respect, I think you should go back to the beginning and learn what this pqrticular system is all about before posting any further.
Oh, sorry. I've already read the thread a few times. I've PMed with nanningbob a few times before posting in here (I'm not trying to hijack this thread).

I know it's a martingale system with entry and TP paramters adjusted for volatility and maximal daily range. The discussion within this thread suggests that it is less risky than traditional martingale systems due to the adjusted parameters, maximum stop losses (as opposted to traditional martingales that go all the way until you bust your account), and the recovery EA. Additionally, nanningbob has made a few posts showing some price behavior that may cause you to want to terminate your trade early before it becomes a death trade.

I'm suggesting that the system can be improved by running multiple trades at the same time in opposite directions. I can start my own thread if you want but I figured that since this seems to be the only martingale-esque thread on the entire internet that doesn't suck (trust me I've spent months searching through all the forums ) that I would post in here instead.
  • #1,383
  • Mar 17, 2009 12:29am Mar 17, 2009 12:29am
Quoting metalhead
Oh, sorry....
Now daddy the system you’re talking about is the 100x80 system its sort of like this, I use it to diversify some of my accounts if you look up that then come talk to us, i think you might like what it says.

So daddy needs a little more reading. But don’t worry daddy I like you and I believe you’re going to do fine with this odd lot.

i even got you a link so you did not have to search for it daddy.

http://www.forexfactory.com/showthread.php?t=120926
the markets moving, time to get in!
  • #1,384
  • Mar 17, 2009 12:33am Mar 17, 2009 12:33am
Quoting charvo
I guess that this is the only golden idea over the weekend. however, did you mean 0.1, 0.15, and 0.375 vs original 0.1, 0.3, and 0.9?

actually, something like Fibonacci series could possibly be a better way.....

or give you 10 levels, but only x2, instead of x3. that's better for gbpusd, i tested it.
Yeah charvo I did mean .1, .15, .375, been thinking about those fib levels also. Will be testing the multiplier in the ea, maybe making it 1.5 (?) instad of the 3.0 (default) to see if I could get close to that steady +60 no matter what level wins. All my death trades have pulled themselves back to profit so far just using the 3L 60x90 everything default except lots (.1).
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  • #1,385
  • Mar 17, 2009 12:33am Mar 17, 2009 12:33am
Quoting metalhead
Here's how I am approaching this.

On less volatile pairs (EURUSD, EURGBP, GBPUSD; volatility info from nanningbob's Excel spreadhseet):

In order to make this profitable in the long term you are going to need to be running multiple trades at the same time in possibly opposite directions per currency pair.

Before we go any further, read about Parrondo's Paradox:

http://en.wikipedia.org/wiki/Parrondo's_paradox

Cliffs Notes:
- Two losing strategies applied together can produce...
Hedge trading in the USA is heading towards being banned. That means no trading both ways daddy.
the markets moving, time to get in!
  • #1,386
  • Mar 17, 2009 3:01am Mar 17, 2009 3:01am
I had a friend who had an interesting problem happen with his IBFX MT4. His MT4 froze so he closed down and restarted the program. When MT4 came up it started in the default profile instead of the 60x90 profilte and it began trading those currencies with the 60x90 EA. Luckily we caught it right away but that was weird. We solved the problem by making the default profile the same as the 60x90 profile so he wont have that problem again. I dont know why it happened or what caused it but I have never seen that happen before. Does anyone have a clue as to what happened?? That has never happened on my computer??
  • #1,387
  • Mar 17, 2009 5:10am Mar 17, 2009 5:10am
Quoting nanningbob
I had a friend who had an interesting problem happen with his IBFX MT4. His MT4 froze so he closed down and restarted the program. When MT4 came up it started in the default profile instead of the 60x90 profilte and it began trading those currencies with the 60x90 EA. Luckily we caught it right away but that was weird. We solved the problem by making the default profile the same as the 60x90 profile so he wont have that problem again. I dont know why it happened or what caused it but I have never seen that happen before. Does anyone have a clue...
ive had some things were ive shutdown my vps and its come back online with old profiles and traded it... mt4 has some flaws....

best to keep on the ball with ur mt4, i know ive had my issues with duplicated trades etc
Grabbing the bull by the horns!
  • #1,388
  • Mar 17, 2009 6:16am Mar 17, 2009 6:16am
Quoting nanningbob
I had a friend who had an interesting problem happen with his IBFX MT4. His MT4 froze so he closed down and restarted the program. When MT4 came up it started in the default profile instead of the 60x90 profilte and it began trading those currencies with the 60x90 EA. Luckily we caught it right away but that was weird. We solved the problem by making the default profile the same as the 60x90 profile so he wont have that problem again. I dont know why it happened or what caused it but I have never seen that happen before. Does anyone have a clue...
Whatever you do LAST startup on mt4 is remembered. So best thing to do is setup the profile for this then CLOSE mt4 and reopen it. Then if it gets shut down it should startup as remembered. If he never shut it down after setting it up, then that would explain why the default profile came up, BUT why the EA traded it (unless he had mistakenly put the EA on some default charts) makes no sense.
  • #1,389
  • Mar 17, 2009 11:45am Mar 17, 2009 11:45am
Quoting llambert3
Whatever you do LAST startup on mt4 is remembered. So best thing to do is setup the profile for this then CLOSE mt4 and reopen it. Then if it gets shut down it should startup as remembered. If he never shut it down after setting it up, then that would explain why the default profile came up, BUT why the EA traded it (unless he had mistakenly put the EA on some default charts) makes no sense.
I know, so I have reset my profile to equal my trading I am doing. Also it seems since this last update the MT4 has not been running as well. Anyone else notice this??
  • #1,390
  • Mar 17, 2009 11:51am Mar 17, 2009 11:51am
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
Quoting nanningbob
I know, so I have reset my profile to equal my trading I am doing. Also it seems since this last update the MT4 has not been running as well. Anyone else notice this??
Can't say I've had any problems, and I'm even running MT4 via Wine in Ubuntu Linux (accessing my desktop via VNC).
  • #1,391
  • Mar 17, 2009 4:31pm Mar 17, 2009 4:31pm
Have you guys had any trades on the EURUSD today? It's barely moving.

I actually prefer this kind of behavior.
  • #1,392
  • Mar 17, 2009 4:46pm Mar 17, 2009 4:46pm
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
Quoting metalhead
Have you guys had any trades on the EURUSD today? It's barely moving.

I actually prefer this kind of behavior.
Don't get your hopes up too high - the Fed is meeting tomorrow. Investors are probably just unsure what the outcome will be.
  • #1,393
  • Mar 17, 2009 6:32pm Mar 17, 2009 6:32pm
Quoting dethl
Don't get your hopes up too high - the Fed is meeting tomorrow. Investors are probably just unsure what the outcome will be.
I know

As I am new to Forex, what's the best site to get the dates and times of important news releases that can affect the Forex market?
  • #1,394
  • Mar 17, 2009 6:44pm Mar 17, 2009 6:44pm
Quoting metalhead
I know

As I am new to Forex, what's the best site to get the dates and times of important news releases that can affect the Forex market?
the site you are on...
Grabbing the bull by the horns!
  • #1,395
  • Mar 17, 2009 10:06pm Mar 17, 2009 10:06pm
Quoting whitegoodman
the site you are on...
The calendar tab!

*walks away embarassed*
  • #1,396
  • Mar 17, 2009 11:20pm Mar 17, 2009 11:20pm
In fact, contrary to what ppl think about the "Multiply Factor", the bigger number we use, the safer we'll be.

For example, if we X 2 for every another level, we'll lose after 4th level TP reach.

if we X 3 as we do right now, we'll get a profit when 4th level's 60 pips reached.

if we X 4, we'll get much more profit.

if we X 5, we'll get much much much more profit.

please don't declare that this is stupid and dangerous/risky.

why? becoz it is all easy calculation, use ur excel, you'll see:

Win/Loss Ratio is lower and lower as you raise the multiply factor.

win: 4th level 60 tp reached.
losss: 4th level stoplossed, death trades!

As to who uses X 5 in a 200$ account trading dimes, that's not mathe problem, that's his/her MM fault..





Quoting qz10cq
Yeah charvo I did mean .1, .15, .375, been thinking about those fib levels also. Will be testing the multiplier in the ea, maybe making it 1.5 (?) instad of the 3.0 (default) to see if I could get close to that steady +60 no matter what level wins. All my death trades have pulled themselves back to profit so far just using the 3L 60x90 everything default except lots (.1).
  • #1,397
  • Mar 17, 2009 11:33pm Mar 17, 2009 11:33pm
Quoting charvo
In fact, contrary to what ppl think about the "Multiply Factor", the bigger number we use, the safer we'll be.
Most people just focus on the $ amount lost on a stop loss hit. Yes the dollar amount will be larger than if you used 1.5x or whatever, but the simple fact is you get a better R:R with a higher multiply factor. I'm not saying to use numbers like 5x+ I'm just saying that just because you might lose more doesn't mean it is worse. You can change the r:r... ie... how many 'winners' it takes to makeup for a stop loss hit in the excel sheet floating around here.
  • #1,398
  • Mar 18, 2009 2:09am Mar 18, 2009 2:09am
anyone tried using nanningbobs ea on oil? I know I am not the brightest in the class but I just cannot get it to work - oil ranges up and down like anything and spread is low; pls advise...
  • #1,399
  • Mar 18, 2009 2:33am Mar 18, 2009 2:33am
Quoting imalisebenza
anyone tried using nanningbobs ea on oil? I know I am not the brightest in the class but I just cannot get it to work - oil ranges up and down like anything and spread is low; pls advise...
i presume you could use this strategy for any ranging instrument... problem with commodities is that is quite expensive isnt it?
Grabbing the bull by the horns!
  • #1,400
  • Mar 18, 2009 3:00am Mar 18, 2009 3:00am
Quoting whitegoodman
i presume you could use this strategy for any ranging instrument... problem with commodities is that is quite expensive isnt it?
oil & wti is only 5 pip spread with ODL; silver, gold & gso are very expensive. also ODL only offer 100:1 & 0.25.

There are other brokers who offer these symbols with the forex pairs; I think I will try forexmetal and see if it will work...
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