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Nanningbob 60x90 EA

  • #1,541
  • Mar 24, 2009 3:08am Mar 24, 2009 3:08am
Dear Thread,

Newera is right on the money in his quest toward good stats. How can we best help him? I have an actuary who does work for me and I can put him on this task, but I would need good definitions of exactly---exactly---what you'd like to know. ---I am not a trader but I appreciate more than you can know a good model with an even stronger dose of common sense. And, secondly, I am unable to open the original instructional attachment on post #1. Can someone either fix that or send me the manual so I can show it to my guy?

Thanks,

Lenoxer
  • #1,542
  • Mar 24, 2009 6:22am Mar 24, 2009 6:22am
Quoting Lenoxer
Dear Thread,

Newera is right on the money in his quest toward good stats. How can we best help him? I have an actuary who does work for me and I can put him on this task, but I would need good definitions of exactly---exactly---what you'd like to know. ---I am not a trader but I appreciate more than you can know a good model with an even stronger dose of common sense. And, secondly, I am unable to open the original instructional attachment on post #1. Can someone either fix that or send me the manual so I can show it to my guy?

Thanks,

Lenoxer...
It doesn't work for me either any longer.. Some other threads with zip files do not work either. Not sure the issue.
  • #1,543
  • Mar 24, 2009 6:25am Mar 24, 2009 6:25am
Odd. Attached is just the instructions from post one.
Attached File(s)
File Type: doc INSTRUCTIONS 60x90 EA.doc   71 KB | 884 downloads
  • #1,544
  • Mar 24, 2009 8:27am Mar 24, 2009 8:27am
Thanks, Verto.

So how about you stat guys out there?

Lenoxer
  • #1,545
  • Mar 24, 2009 8:29am Mar 24, 2009 8:29am
Quoting Verto
Odd. Attached is just the instructions from post one.
It must be a forex factory problem. I have winzip 11.2 here at work purchased of course and it does not open it either..
  • #1,546
  • Mar 24, 2009 8:53am Mar 24, 2009 8:53am
About a week or so ago, I started having the same problem. I couldn't open zip files. There's another program I found that helps, but you have to open them to a folder first. I thought I got a virus file downloading a zip file, but I'm hearing others are having problems with zip files, too.
Quoting llambert3
It must be a forex factory problem. I have winzip 11.2 here at work purchased of course and it does not open it either..
  • #1,547
  • Mar 24, 2009 9:10am Mar 24, 2009 9:10am
Quoting Lenoxer
Dear Thread,

Newera is right on the money in his quest toward good stats. How can we best help him? I have an actuary who does work for me and I can put him on this task, but I would need good definitions of exactly---exactly---what you'd like to know. ---I am not a trader but I appreciate more than you can know a good model with an even stronger dose of common sense. And, secondly, I am unable to open the original instructional attachment on post #1. Can someone either fix that or send me the manual so I can show it to my guy?

Thanks,

Lenoxer...
The stat that meant the most to me was what is the biggest move on any given day over the last 6 or 7 years and then develop and EA that stayed in those ranges. This worked very well until October when practically every currency had record days. In fact many currencies more than doubled their previous record. This caused a great deal of problems for all martingale and multiple reentry systems. If the market ever gets more volatile than what it is now I dont know if you could ever develop a system that could go wide enough to cover such moves. So all my systems were developed based on the knowledge of the biggest moves. This present system looked at the Oct. moves and counts them as a one time happening not likely to be repeated outside certain news stories. So I trade within the parameters of moves smaller than that. If you try to create an EA that covers the Oct. moves then you get the opposite problem of either no trades or the retracement needed becomes too big and price slips under the radar and never gets the TP. Its a dilemna I dont know if you can solve. My thinking right now is to develop an EA with multiple changes in distance and multiplication to increase its distance. Dont know if it will work but I am going to test one in the coming weeks. If we dont see crazy moves again and the market stabalizes to old times then this EA will easily stay in range of normal market moves and we will all make money. If not and the market gets more volatile, I really think we are going to have difficult times solving this problem. I like the thinking though.
  • #1,548
  • Edited 10:50am Mar 24, 2009 9:31am | Edited 10:50am
Quoting nanningbob
My thinking right now is to develop an EA with multiple changes in distance and multiplication to increase its distance.
Bob, I love your system!

I think that having the flexibility to use multiple changes in distance & multiplication will allow us to easily adapt to the market conditions.
That's an excellent idea!

dj

PS: btw, what broker do you use/recommend for live ea trading?
didyou mentioned that you are using IBFX?
  • #1,549
  • Mar 24, 2009 12:36pm Mar 24, 2009 12:36pm
Quoting nanningbob
The stat that meant the most to me was what is the biggest move on any given day over the last 6 or 7 years and then develop and EA that stayed in those ranges. This worked very well until October when practically every currency had record days. In fact many currencies more than doubled their previous record. This caused a great deal of problems for all martingale and multiple reentry systems. If the market ever gets more volatile than what it is now I dont know if you could ever develop a system that could go wide enough to cover such moves. So...
Bob, Maybe an EA could be developed to trade different distances and multiplication according to average daily range. The market can change so fast as it did the week of Oct .5th ( which kinda came out of the blue)that I don't know if ADR would help either.
  • #1,550
  • Mar 24, 2009 2:36pm Mar 24, 2009 2:36pm
Quoting Toothman
Bob, Maybe an EA could be developed to trade different distances and multiplication according to average daily range. The market can change so fast as it did the week of Oct .5th ( which kinda came out of the blue)that I don't know if ADR would help either.
My opinion ADR is not helpful because the problem is spiking on a big news story. Often before a big news story the market is quiet so it would give you a smaller range than what is coming up. I think and that is how I have developed these things is go with the biggest days ever and develop your EA around that. The problem I faced is the biggest days, which happened in OCT. skewed the results so that the range became too big. So now I go with the normal big days not determined by the biggest news stories and then stay out of the biggies. That has given me an EA with great range 800+ but still can trade the normal day by day. So the key is to not get whacked by the big news story day. The problem is coming up with a good balance, range but not so big the TP is not hit on slow days, Multiplication and levels but not so many that your account is wiped on a bad day. And still have an EA that functions with a minimum of funds so the average trader can trade with it. You know most of the people here cant afford 10,000 dollar accounts. If you can trade 500 - 2000 dollars most people can invest and try with the system. Just a little care and common sense, you may make a little money on the side with this. Anyway that is my thinking on this.
  • #1,551
  • Mar 24, 2009 2:47pm Mar 24, 2009 2:47pm
Quoting dj808
Bob, I love your system!

I think that having the flexibility to use multiple changes in distance & multiplication will allow us to easily adapt to the market conditions.
That's an excellent idea!

dj

PS: btw, what broker do you use/recommend for live ea trading?
didyou mentioned that you are using IBFX?
Right now I trade with IBFX because I consider them the best penny broker. This fits well with testing live these EAs without risking large amounts of money. However, if I ever plan on trading dimes or bigger I would clearly trade with another broker. IBFX simply plays with the wider spreads way beyond common sense or market factors. But that is the tradeoff you get with large leverage and penny accounts. I get my money deposited within 24 hours and I get my checks usually 2-3 days. I was basically happy with them until they started this spread widening garbage. The problem is most brokers are headed in that direction with flexible spreads. They advertise smaller spreads but at critical times they can expand them to their benefit. So its buyer beware.
  • #1,552
  • Edited 4:54pm Mar 24, 2009 4:43pm | Edited 4:54pm
Quoting nanningbob
The stat that meant the most to me was what is the biggest move on any given day over the last 6 or 7 years and then develop and EA that stayed in those ranges. This worked very well until October when practically every currency had record days. In fact many currencies more than doubled their previous record. This caused a great deal of problems for all martingale and multiple reentry systems. If the market ever gets more volatile than what it is now I dont know if you could ever develop a system that could go wide enough to cover such moves. So...

That’s what my idea was to have multiple ranges. I do have another idea that's promising. And it would do well in trending and ranging but I would need to know some of the mechanics of the EA and I'm just not a programmer. My multiplier math in the EXCEL spread sheet I supplied before. But I have been thinking about other ways of attacking this problem. My biggest problem is my expressing my thoughts about these answers in forum text.

I have filter ideas but I would need to talk about the limits of EA programming. Have any of you ever heard of an EA that pops a Decision pop up box with decisions to be made by humans when certain criteria is met. With having the EA trade under other situations.

I will have more for you later daddy
the markets moving, time to get in!
  • #1,553
  • Mar 24, 2009 6:59pm Mar 24, 2009 6:59pm
I've been playing around with this idea. Draw high and low trendlines on a 1H chart and trade an EA to only buy or only sell depending on the direction of the trend. When the trendline channel is broken, trade in the opposite direction. I'm using .02 lots,$2000 ,TP 100, step 40, 1.5 mult. 14 levels on Eur/USD. I think I could safely increade lot size and decrease levels. I looked at a 4H TF but price can move too many pips against you in a 4 hour channel.
  • #1,554
  • Mar 24, 2009 8:26pm Mar 24, 2009 8:26pm
Quoting Toothman
I've been playing around with this idea. Draw high and low trendlines on a 1H chart and trade an EA to only buy or only sell depending on the direction of the trend. When the trendline channel is broken, trade in the opposite direction. I'm using .02 lots,$2000 ,TP 100, step 40, 1.5 mult. 14 levels on Eur/USD. I think I could safely increade lot size and decrease levels. I looked at a 4H TF but price can move too many pips against you in a 4 hour channel.
That would be similar to using bollinger bands.
  • #1,555
  • Mar 24, 2009 8:36pm Mar 24, 2009 8:36pm
Quoting nanningbob
That would be similar to using bollinger bands.
i just applied the bollinger bands. i like the visual. can the 60x90 be moded so the entry of the first level is at the touch of the bands?
the markets moving, time to get in!
  • #1,556
  • Edited 9:12pm Mar 24, 2009 8:46pm | Edited 9:12pm
Quoting nanningbob
That would be similar to using bollinger bands.
Yes but I'm not selling at the top of the channel and buying at the bottom as you would with boll. bands. I'm continuing to only buy or only sell until channel is broken. I'd only be using the sell EA in this channel until price breaks through the top of it. There's plenty of movement within the channel to get some multi- levels going but not enough to stress the EA. The trick would be getting out of a multi- level trade as soon as possible when the channel changes.
Attached Image (click to enlarge)
Click to Enlarge Name: channel.gif Size: 27 KB
  • #1,557
  • Mar 24, 2009 10:45pm Mar 24, 2009 10:45pm
Quoting Toothman
Yes but I'm not selling at the top of the channel and buying at the bottom as you would with boll. bands. I'm continuing to only buy or only sell until channel is broken. I'd only be using the sell EA in this channel until price breaks through the top of it. There's plenty of movement within the channel to get some multi- levels going but not enough to stress the EA. The trick would be getting out of a multi- level trade as soon as possible when the channel changes.
Yes but what made the channel change??? The interest rate news story. So if you follow the major news stories you can stay out of trouble and know when the channel changes are coming. That is basic fundamentals 101 I am sure some good fundamental traders would be happy to point this out.
  • #1,558
  • Mar 24, 2009 11:28pm Mar 24, 2009 11:28pm
Quoting dmjservices
i just applied the bollinger bands. i like the visual. can the 60x90 be moded so the entry of the first level is at the touch of the bands?
I am sure it can be done without too much trouble. But the upper and lower bands change with price so you may get put in a trade much earlier than you would plan during quiet market times and then hit a volatile period and your in too soon.
  • #1,559
  • Mar 25, 2009 3:13am Mar 25, 2009 3:13am
Quoting nanningbob
I am sure it can be done without too much trouble. But the upper and lower bands change with price so you may get put in a trade much earlier than you would plan during quiet market times and then hit a volatile period and your in too soon.
i was messing with the bollinger bands take a look at it with the normal MA stack for 30x90 and set up your bolly band settings like this on the EUR/USD

period = 300
shift = 0
deviation = 2
apply = weighted close (HLCC)

during the heavy trending times and during the spike the Bars go outside the bollinger bands.
this might be a good way of kicking us out of trades before we get in trouble.

just look at it.

maybe if we have a second indicator that works to fish out trends and spikes.

what do you think daddy
the markets moving, time to get in!
  • #1,560
  • Mar 25, 2009 3:54am Mar 25, 2009 3:54am
Dear Bob and programmers,

Short of being big and using Goldman, etc. smaller funds that I know use Oanda and Interactive Brokers. No one that I know uses IBFX. And there are reasons for that: Oanda and Interactive have, it seems, better spreads and better balance sheets. And that balance sheet is critical, especially in these difficult times. It shows they have some stability and it shows that they aren't bucket shops. And it somewhat shows that they won't Madoff with your money. Hence, the sooner one can graduate from IBFX the better. Does the present MT4 EA work at Oanda or IB? If not, it would seem prudent to adapt the EA to those brokerages in the form of an API which could work across multiple, varied, and more professional interfaces.

Lenoxer
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