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Nanningbob 60x90 EA

  • #1,421
  • Mar 18, 2009 12:38pm Mar 18, 2009 12:38pm
Quoting nanningbob
At this point I agree with you. It was playing with larger multiplication that lead me to this system. I started at 3 but 4 or 5 seems to be a good point. What I like is using a larger lot size at the beginning because that is where most of your trades are. Then as you get deeper you decrease the increase. I see you do some programming, do you want to program the basics of an idea so I can test it out?? Send me a private message if you are interested.
Nanningbob,

Using a larger lot size in the beginning will result in a bigger loss when the deathtrade comes because you will have had more lots moving the bigger distance.

Additionally, if you try to use smaller numbers after a larger initial lot size, your profits for each subsequent level will be diminished and may turn into losses before the death trade.

Note: In my attachment I did 5 levels instead of 4 but the principle holds true regardless of how many levels you do.

Only pay attention to the "quantity" and "Profit" columns for right now.

edit - IGNORE MY TYPOS ON THE PICTURE
Attached Image (click to enlarge)
Click to Enlarge Name: higher initial lot.gif Size: 27 KB
  • #1,422
  • Mar 18, 2009 12:52pm Mar 18, 2009 12:52pm
Is it true that there's no way to change the timezone on MT4? Mine defaults to GMT. I googled it and read a few threads on other forums where they said you cannot change it, but the threads were from 2007 so hopefully they've implemented this function by now. I mean that's like super basic. I have (barely) accepted the fact that MT4 doesn't show you your average cost for multiple lot positions (I mean seriously, I have to compute it in an excel file on my other monitor as I'm adding positions... talk about extra work!), but if you can't change timezones I think I'm going to dump this platform altogether.
  • #1,423
  • Mar 18, 2009 1:26pm Mar 18, 2009 1:26pm
what just happened on the EURUSD? A 200 pip spike on the 1 min chart. Was that FOMC?

Holy crap! Never seen that before (never traded Forex before tho).
Attached Image (click to enlarge)
Click to Enlarge Name: eur spike.gif Size: 10 KB
  • #1,424
  • Mar 18, 2009 1:43pm Mar 18, 2009 1:43pm
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
Quoting metalhead
what just happened on the EURUSD? A 200 pip spike on the 1 min chart. Was that FOMC?

Holy crap! Never seen that before (never traded Forex before tho).
Looks like it.

On another note, my anti-spike protection worked with this pair. No death trade for me or any further buy orders while this spike is going on.

EDIT: It's not working for the USDCHF and I know why. Since I'm using the high price it only helps for when the spike goes up, not down. I'll do some more work to my EA. Thankfully we have demo accounts to do this with.
  • #1,425
  • Mar 18, 2009 1:49pm Mar 18, 2009 1:49pm
Quoting dethl
Looks like it.

On another note, my anti-spike protection worked with this pair. No death trade for me or any further buy orders while this spike is going on.
What is your anti-spike protection? Hedging?
  • #1,426
  • Mar 18, 2009 2:05pm Mar 18, 2009 2:05pm
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
Quoting metalhead
What is your anti-spike protection? Hedging?
My anti-spike is a combination of the first and second derivative of the high prices for each bar. If the first and second derivative both indicate a fast moving pip increase (the slope and the acceleration of the slope) then after a certain threshold is hit all my trades are dropped for that pair.
  • #1,427
  • Mar 18, 2009 2:12pm Mar 18, 2009 2:12pm
Quoting dethl
My anti-spike is a combination of the first and second derivative of the high prices for each bar. If the first and second derivative both indicate a fast moving pip increase (the slope and the acceleration of the slope) then after a certain threshold is hit all my trades are dropped for that pair.
So basically it says "omg this price is moving way too fast! Abort!!!"
  • #1,428
  • Mar 18, 2009 2:15pm Mar 18, 2009 2:15pm
Ok. Because of last week news reports I learned to not be in the market for todays news. My question is when do we get back in? How long after the news event should be wait to start the EA?
  • #1,429
  • Mar 18, 2009 2:36pm Mar 18, 2009 2:36pm
Quoting pogibaby
Ok. Because of last week news reports I learned to not be in the market for todays news. My question is when do we get back in? How long after the news event should be wait to start the EA?
Actually, on that note, what do you do if you're already in a trade, say level 3, and an important news release is coming in the next 2 hours (before you think your trade will exit on its own)? Do you take the loss and restart later?
  • #1,430
  • Mar 18, 2009 2:52pm Mar 18, 2009 2:52pm
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
Quoting metalhead
So basically it says "omg this price is moving way too fast! Abort!!!"
Bingo, you got it.
  • #1,431
  • Mar 18, 2009 3:04pm Mar 18, 2009 3:04pm
No way to know for sure, IMHO. The EUR/USD has gone up 400 pips in 2 hours. There was a retrace of about 70 pips from the high, and it then went back up to past that high. It all depends on how the world reacts to the news. Can it go up even another hundred or two without much of a retrace? We won't know till we know.
Quoting pogibaby
Ok. Because of last week news reports I learned to not be in the market for todays news. My question is when do we get back in? How long after the news event should be wait to start the EA?
  • #1,432
  • Mar 18, 2009 3:44pm Mar 18, 2009 3:44pm
OK here is the math for a jumping 60x100-500
This is set up in a proof of concept

In this spread sheet it’s only calculated for 3 steps more can be added later.

The teal box is your profit if retraction happens before its current step. (you will find it in the farthest left column)


You can find your current risk or loss in the Blue box with red letters. These numbers self calculate. (this box is mid bottom)


The multiplier works on past string not last trade.
What that means is on step 3 it calculates against step 1 and 2 ( in the chart it would be (.01+.05)x step 3 multiplier

All steps are currently set on 250 pip movement you will see the setting with a “1” in the box to the left of the 250 movement. (you will find this with the yellow column)

The way to adjust the steps is place only one “1” in one of the yellow boxes in the yellow column next to a box with the closest pip movement to what you’re looking for.

In the setting you will have to remove the current 1 that is set at the 250 pip movements.

You must remember to ONLY have one “1” for each step.


the current settings are attempting to jump 750 pip run.



hey goodwhiteman can you check my math daddy.:nerd:
Attached File(s)
File Type: xls forex jumping steps.xls   32 KB | 469 downloads
the markets moving, time to get in!
  • #1,433
  • Mar 18, 2009 5:59pm Mar 18, 2009 5:59pm
Quoting dmjservices
hey goodwhiteman can you check my math daddy.:nerd:
to be honest i have no idea what your trying to get at here
Grabbing the bull by the horns!
  • #1,434
  • Mar 18, 2009 6:20pm Mar 18, 2009 6:20pm
Ok instead of having a locked up 60x90 were it reenters every 90 pips.
We would have a 60x 100 through 500

The idea here is a variable multiplier that can enter around 100 pips when slower movements are going on.
And if it jumps up to 500 pips (like it has been lately) then it does not need to enter until it has made its move.
If you have .01 level #1 entry and it tries to jump 500 pips then your first level loss would be $5.00 and it could reenter for retracement after a 500 pip move.
This is so it can jump these gaps. Like the USD jumps today and the CHF jumps last week. And whatever jumps are next.

Is that clearer daddy?
the markets moving, time to get in!
  • #1,435
  • Mar 18, 2009 6:35pm Mar 18, 2009 6:35pm
Quoting dmjservices
Ok instead of having a locked up 60x90 were it reenters every 90 pips.
We would have a 60x 100 through 500

The idea here is a variable multiplier that can enter around 100 pips when slower movements are going on.
And if it jumps up to 500 pips (like it has been lately) then it does not need to enter until it has made its move.
If you have .01 level #1 entry and it tries to jump 500 pips then your first level loss would be $5.00 and it could reenter for retracement after a 500 pip move.
This is so it can jump these gaps. Like the USD jumps...

much clearer, but how do you measure the spike?
Grabbing the bull by the horns!
  • #1,436
  • Mar 18, 2009 6:39pm Mar 18, 2009 6:39pm
what i was thinking was we could hold the trade back until the end of a candles moment
like the 30m or 1H candle or whatever

if it only moved 100 pips in 1 hour then it trades that level
if it moves 250 pips in 1 hour then it works that way
the markets moving, time to get in!
  • #1,437
  • Mar 18, 2009 6:55pm Mar 18, 2009 6:55pm
Quoting pogibaby
Ok. Because of last week news reports I learned to not be in the market for todays news. My question is when do we get back in? How long after the news event should be wait to start the EA?
Depending on the news I get back in the next day. Unless it is so big you stay out the second day to see what is happening.
  • #1,438
  • Mar 18, 2009 7:16pm Mar 18, 2009 7:16pm
I like the spike indicator but both times you would have needed it you would not be in the market because of interest rate news stories. So my questions are:
1. Even if the thing warns you there is a spike coming, is it already too late and how do you know if it will hit your stop loss??

2. Maybe go to the 3 level system and shorten your stop loss if 4 or 500 SL is too high for you. In other words the SL is not a comfortable trade for you.

3. Is the amount of lots using too high for the amount of money you have? You think hitting the stop loss takes too much money from your account.

The bottom line is no matter what system you use you will have bad trading days. You cant stop them, its a matter of your MM.
  • #1,439
  • Mar 18, 2009 7:28pm Mar 18, 2009 7:28pm
How about a separate EA that enters at those extreme levels? The upward/downward movement or "spike" isn't confined to a candle close, as that spike can be of any duration, such as one minute, two minutes, 5 minutes, or a more gradual move of One hour and thirteen minutes, if you know what I mean. They "key" isn't candle close because forex doesn't operate by candle closes. People don't sudden stop buying/selling at a candle close. Nor, do they stop buying/selling when there's been a move of 50 pips, or a hundred pips, or 400 pips like what happened today on the EUR/USD.
One can easily set this EA to trade every 150, 200, 250 PIPS, or even more. Not a bad idea to do that. As some know, I trade at much higher distances away than most, anyway. My setting on the E/U is 140 away from center on a 15 minute chart. IF I had the EA on before todays news, which I didn't, I would only be at level 3 now. Let's say I entered at 140. The "spike" went even more than 250 past that (or 390 past center). I would only be at a level 2 trade now. I think this is what you're getting at, isn't it? I activated all EAs awhile ago & looks like things are heading back.
Quoting dmjservices
what i was thinking was we could hold the trade back until the end of a candles moment
like the 30m or 1H candle or whatever

if it only moved 100 pips in 1 hour then it trades that level
if it moves 250 pips in 1 hour then it works that way
  • #1,440
  • Mar 18, 2009 7:36pm Mar 18, 2009 7:36pm
Quoting nanningbob
I like the spike indicator but both times you would have needed it you would not be in the market because of interest rate news stories. So my questions are:
1. Even if the thing warns you there is a spike coming, is it already too late and how do you know if it will hit your stop loss??

2. Maybe go to the 3 level system and shorten your stop loss if 4 or 500 SL is too high for you. In other words the SL is not a comfortable trade for you.

3. Is the amount of lots using too high for the amount of money you have? You think hitting the stop loss...

are you talking about my system?
the markets moving, time to get in!
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