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Nanningbob 60x90 EA

  • #1,441
  • Mar 18, 2009 7:39pm Mar 18, 2009 7:39pm
Quoting paradoxical
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...
the idea is to have an EA that dynamically changes sizes as to the need when big spikes happen
the markets moving, time to get in!
  • #1,442
  • Mar 18, 2009 7:43pm Mar 18, 2009 7:43pm
yeh im with Bob, you really shouldnt be trading in the SPIKE news stories anyways... and if you get caught your MM and worst case scenario shouldnt ruin you if your being sensible
Grabbing the bull by the horns!
  • #1,443
  • Mar 18, 2009 7:48pm Mar 18, 2009 7:48pm
Quoting whitegoodman
yeh im with Bob, you really shouldnt be trading in the SPIKE news stories anyways... and if you get caught your MM and worst case scenario shouldnt ruin you if your being sensible
i agree but the news that's happening right now would dictate we stay out of the market until the economic situation changes. its news all day every day daddy.
the markets moving, time to get in!
  • #1,444
  • Mar 18, 2009 7:50pm Mar 18, 2009 7:50pm
Who saw the CHF news last week?
And who all lost from that one?
the markets moving, time to get in!
  • #1,445
  • Mar 18, 2009 7:55pm Mar 18, 2009 7:55pm
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
I am attaching some custom indicators I made to help me counteract spikes like this. One shows the 1st and 2nd derivatives of the high for each bar and the other shows the low.

I use this in conjunction with the modifications I've made to Bob's EA to warn me as soon as a certain threshold has been exceeded - it then closes all orders currently open to prevent a S/L.

Earlier today I took a pounding on my demo account, but it showed me that I needed a low spike indicator as well as a high.
Attached File(s)
File Type: mq4 Radical High Slope Indicator.mq4   2 KB | 310 downloads
File Type: mq4 Radical Low Slope Indicator.mq4   2 KB | 320 downloads
  • #1,446
  • Mar 18, 2009 7:56pm Mar 18, 2009 7:56pm
Quoting dmjservices
Who saw the CHF news last week?
And who all lost from that one?
this may be true, this is why i dont trade any USD, CHF, JPY pairs

AUDNZD
AUDCAD
NZDCAD
GBPNZD (lots of bouncing around)
EURNZD (lots of bouncing around)

and possibly adding NZDAUD... gomarkets offer this...very similar to audnzd in movements but not totally opposite...
Grabbing the bull by the horns!
  • #1,447
  • Mar 18, 2009 8:04pm Mar 18, 2009 8:04pm
Quoting whitegoodman
this may be true, this is why i dont trade any USD, CHF, JPY pairs

AUDNZD
AUDCAD
NZDCAD
GBPNZD (lots of bouncing around)
EURNZD (lots of bouncing around)

and possibly adding NZDAUD... gomarkets offer this...very similar to audnzd in movements but not totally opposite...
and pretty soon we will not be trading any currency pairs.
ha ha ha daddy.

BTW the world fundys are saying that all currency's are due for a spike or 2
the markets moving, time to get in!
  • #1,448
  • Mar 18, 2009 8:09pm Mar 18, 2009 8:09pm
I'm sorry to interrupt but I want to be the first to congratulate Bob on this thread as it reaches 100 pages. This has been a very rewarding experience for me to learn from so many bright enthusiastic people spanning the globe.

I won't lie, I've lost some money. I lost $400 the week the Yen tanked and $300 with the Swiss Franc situation. I consider it a small price to pay for the education I have gained here, and I have learned from my mistakes. Lose real money and you never forget the lesson. Thank you to everyone who has been so helpful with your answers and to letting a newbie ask a question once in a while.
  • #1,449
  • Mar 18, 2009 8:35pm Mar 18, 2009 8:35pm
Quoting paradoxical
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...
As I have stated at times but not elaborated is I wait until the JPY session to look for my retraces. It is a good time to turn on my EA after spikes because there is almost always a retrace then. It doesnt equal the spike but there is enough there to make a nice profit or get your retracement to get out with as little damage as possible. What I did yesterday is instead of staying out I reduced my lots in half so I was not trading as much money then I reentered at my normal lots so my recovery is faster and more profitable. Right now it looks like I have hit the eur move at its peak and will get a nice retracement. It may only be 50 or 60 pips but it is nice enough to make a profit. But with the reduction of my lots I have plenty of funds to do this with. I would not recommend this for new guys but the more experienced traders probably understand what I am doing.

Also if you did not trade yesterday. JPY session restart is a nice place to enter because many trades are near their peak and it makes a good entrance.
  • #1,450
  • Mar 18, 2009 9:38pm Mar 18, 2009 9:38pm
Dethl:

Thanks very much, I've been looking for this indicator for months. I tried to code one like this myself actually, .....failed.....

thanks again. I appreciate your contribution.

Quoting dethl
I am attaching some custom indicators I made to help me counteract spikes like this. One shows the 1st and 2nd derivatives of the high for each bar and the other shows the low.

I use this in conjunction with the modifications I've made to Bob's EA to warn me as soon as a certain threshold has been exceeded - it then closes all orders currently open to prevent a S/L.

Earlier today I took a pounding on my demo account, but it showed me that I needed a low spike indicator as well as a high.
  • #1,451
  • Edited 10:47pm Mar 18, 2009 10:24pm | Edited 10:47pm
This is an updated EA to ThePipmaster EA on
page 83, post#1236, buy sell var buffer & TF & trailstop.mq4

The only thing changed to this EA is all TP will be updated to the same last level TP whenever there is a new order.

Please check again the lost size, max trade, buffer, TP, pips.. etc.. all kept default from ThePipmaster EA

I have checked and run it without any problem. But please do demo first.

If you think you need this update to Nanningbob first post original EAs, I can modify it, please let me know.

Hope this help.
  • #1,452
  • Mar 18, 2009 11:01pm Mar 18, 2009 11:01pm
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
Quoting charvo
Dethl:

Thanks very much, I've been looking for this indicator for months. I tried to code one like this myself actually, .....failed.....

thanks again. I appreciate your contribution.
You should see the modifications I made to Bob's EA using my code from the indicators. The EA will drop all orders for a pair and then turn around and execute an order to follow the trend.
  • #1,453
  • Mar 18, 2009 11:08pm Mar 18, 2009 11:08pm
Based on Dethl's great work, I did some updates to his indicators.

Now the indicator directly represents the change in PIPS so that if you set a horizontal level like +/-150 for this indicator, you may see that today within 1 minute, EURUSD jumped more than 150 pips. So in that case, if we are alert enough, we should turn off EA and stand aside......

Note that bull indicator watches for spike up. and bear indicator watches for spike down.
Attached File(s)
File Type: mq4 Bull Slope Indicator.mq4   3 KB | 405 downloads
File Type: mq4 Bear Slope Indicator.mq4   3 KB | 406 downloads
  • #1,454
  • Mar 18, 2009 11:10pm Mar 18, 2009 11:10pm
You mean clear all existing positions? where's your EA then, you posted before?

I did some updates in your indicator, mainly added " /Point " to your calculation, so that either USDJPY (100.xx) or eurusd (1.xxxx) shows pips change. hope you don't mind.

Quoting dethl
You should see the modifications I made to Bob's EA using my code from the indicators. The EA will drop all orders for a pair and then turn around and execute an order to follow the trend.
  • #1,455
  • Mar 18, 2009 11:11pm Mar 18, 2009 11:11pm
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
Quoting charvo
Based on Dethl's great work, I did some updates to his indicators.

Now the indicator directly represents the change in PIPS so that if you set a horizontal level like +/-150 for this indicator, you may see that today within 1 minute, EURUSD jumped more than 150 pips. So in that case, if we are alert enough, we should turn off EA and stand aside......

Note that bull indicator watches for spike up. and bear indicator watches for spike down.
Very nice work there.

A problem with getting an alert mid-bar is that you have very little time to react. Sure you can turn off the EA but you'll be spending a small amount of time closing any other trades currently active. That time will cost you money in the event of a big spike like what we saw in the USD pairs today.
  • #1,456
  • Mar 18, 2009 11:21pm Mar 18, 2009 11:21pm
  •  dethl
  • | Joined Mar 2009 | Status: Digital Jack-Of-All-Trades | 36 Posts
Quoting charvo
You mean clear all existing positions? where's your EA then, you posted before?

I did some updates in your indicator, mainly added " /Point " to your calculation, so that either USDJPY (100.xx) or eurusd (1.xxxx) shows pips change. hope you don't mind.
The changes are great, I have no problem with them at all (I'll modify my EA to reflect this).

Yes, I do mean by clearing all open positions.

My EA that I am talking about is being kept private for now as I am still testing. I don't want to get people's hopes up that I have created some ultimate solution against spikes when using Bob's 60x90 method. When I've tested it enough I will release it along with the indicators (and your modification to them).
  • #1,457
  • Mar 18, 2009 11:28pm Mar 18, 2009 11:28pm
Quoting jthomas71
I'm sorry to interrupt but I want to be the first to congratulate Bob on this thread as it reaches 100 pages. This has been a very rewarding experience for me to learn from so many bright enthusiastic people spanning the globe.
i would like to echo your sentiments kind sir. plus i'm up 12% lol
change the future, not the past
  • #1,458
  • Mar 19, 2009 1:17am Mar 19, 2009 1:17am
Quoting dethl
You should see the modifications I made to Bob's EA using my code from the indicators. The EA will drop all orders for a pair and then turn around and execute an order to follow the trend.
I've been running Bob's EA for a few weeks now and was loving it ... until last week's CHF & todays USD movements. Due to a nasty habit I have of needing 6-8 hours of sleep a night I'm simply not able to monitor the European or USD sessions properly. This means both that I'm the perfect candidate for an EA as opposed to manual trading AND every morning brings a big surprise.

With respect to your comments in post #1456, your work Dethl sounds like the type of modification that will have a huge impact for a guy like me. Thank you in advance for your target analysis and work on this issue.
  • #1,459
  • Mar 19, 2009 1:31am Mar 19, 2009 1:31am
Quoting Pip Parade
I've been running Bob's EA for a few weeks now and was loving it ... until last week's CHF & todays USD movements. Due to a nasty habit I have of needing 6-8 hours of sleep a night I'm simply not able to monitor the European or USD sessions properly. This means both that I'm the perfect candidate for an EA as opposed to manual trading AND every morning brings a big surprise.

With respect to your comments in post #1456, your work Dethl sounds like the type of modification that will have a huge impact for a guy like me. Thank you in advance for...
I know I am beating a drum here but if you avoid the interest rate changes you can avoid a lot of these big spikes. And it is not only the interest rate story but there are usually news stories that go with the changes or non-changes that help spike the currency. I will admit I got caught with my pants down on the Eur/Chf because we are not used to seeing it move like that but still both spikes could have been avoided by watching FF calendar every week. Last month we had an aud/nzd spike from an interest rate change and several hours later a news story came with it that shot it up hundreds of points. Not trading is a trading style, that you have to learn. There are times you just dont trade. That is the biggest trading lesson I have learned in 2008, most of my heavy losses came off of interest rate changes/nonchanges and their subsequent news that went with it.
  • #1,460
  • Mar 19, 2009 2:19am Mar 19, 2009 2:19am
Quoting nanningbob
I know I am beating a drum here but if you avoid the interest rate changes you can avoid a lot of these big spikes. And it is not only the interest rate story but there are usually news stories that go with the changes or non-changes that help spike the currency. I will admit I got caught with my pants down on the Eur/Chf because we are not used to seeing it move like that but still both spikes could have been avoided by watching FF calendar every week. Last month we had an aud/nzd spike from an interest rate change and several hours later a news...
Interest rate changes I can see. But there are many other problems.
You can watch FF calendar. But it has so much going on its hard to tell what’s going to trigger a move.
BTW was any of you monitoring the Spread did it widen before move?

As far as news it’s all news out there. It’s not like we have real news we can watch for and we are going to need an ability to jump these because these jump are going to start happening more often. The market is changing its personality. We need a tool for these jumps. And we are going to be getting more jumps that are unpredictable. From news you wouldn’t think would effect it.
the markets moving, time to get in!
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