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Trading aud/nzd successfully

  • #1,661
  • Mar 21, 2009 12:56pm Mar 21, 2009 12:56pm
Quoting challenger78
Also, even 20 pips are too much, as I have posted before my initial estimates are that any spread 18 or more is a killer for this system, to perform well should be 14-15 or less.
I guess that depends on space between levels, the TP and the number of max trades.

But less is always better.
  • #1,662
  • Mar 23, 2009 9:33am Mar 23, 2009 9:33am
Quoting Tjpld
Time for MB Trading. Of course they are variable too but not as variable as IBFX ^^.
Have been using the EA with 5 digits and ECN enviroment with good success so far.
Are you trading live or demo with MB Trading?
  • #1,663
  • Edited Mar 24, 2009 4:08am Mar 23, 2009 9:38am | Edited Mar 24, 2009 4:08am
Live Accounts are not available with MT4 at the moment.

EDIT:

I'm using spread protection now (>= 18). Last trade was pretty much perfect.
Imagine if it had opened the trade some pips earlier. I doubt it would have been profitable
in that case.

http://triton.imageshack.us/Himg21/s...=640&ysize=480

Same Trade on MB Trading

http://triton.imageshack.us/Himg14/s...=640&ysize=480
  • #1,664
  • Mar 24, 2009 12:19pm Mar 24, 2009 12:19pm
Tj, that indicator in the top right of your charts, do you mind posting it?
"The market giveth and the market taketh away"
  • #1,665
  • Mar 24, 2009 12:26pm Mar 24, 2009 12:26pm
Here you go.
Attached File(s)
File Type: mq4 !_rdb_Spread_Hi_Lo.mq4   14 KB | 372 downloads
  • #1,666
  • Mar 24, 2009 12:48pm Mar 24, 2009 12:48pm


Quoting Tjpld
Here you go.
"The market giveth and the market taketh away"
  • #1,667
  • Mar 24, 2009 9:33pm Mar 24, 2009 9:33pm
hello traders,

i found out nice settings and want that someone could confirm this. use 35x25 EA with multiply 1 and 20 level in a 5 minute chart with MAPeriod 20 and the first Leveloffset from the median at 1 pips. what do you think? could this be true. if yes, then we have found excellent settings, which breaks the news with so much low DD.

please confirm.

here is my EA + setfile (please rename .txt to .set

use with AUD/NZD in a 5 minute chart. use backtester to see the results. and maybe like to forwardtest this with me. this is a universal EA i use with some good features like 5digit broker usability and ECN order modifiy, timeframe setting, spread limiting and so on. maybe it is selfdescribed.

regards

der stratege
Attached File(s)
File Type: mq4 NanningBobV1.8.mq4   22 KB | 280 downloads
File Type: txt nanning.txt   < 1 KB | 389 downloads
  • #1,668
  • Mar 24, 2009 9:45pm Mar 24, 2009 9:45pm
Quoting der stratege
hello traders,

i found out nice settings and want that someone could confirm this. use 35x25 EA with multiply 1 and 20 level in a 5 minute chart with MAPeriod 20 and the first Leveloffset from the median at 1 pips. what do you think? could this be true. if yes, then we have found excellent settings, which breaks the news with so much low DD.

please confirm.
I don't understand. How do u make money with multiply 1 ? Unless u don't close all when it hit tp for any level
  • #1,669
  • Mar 24, 2009 9:49pm Mar 24, 2009 9:49pm
Quoting forexisfx
I don't understand. How do u make money with multiply 1 ? Unless u don't close all when it hit tp for any level
The set file uses 2x... could it be a typo?
  • #1,670
  • Mar 24, 2009 9:53pm Mar 24, 2009 9:53pm
Quoting Verto
The set file uses 2x... could it be a typo?
i didnt look at the file. If it use 2x with 20 level....he need maybe a million dollars to trade.
  • #1,671
  • Mar 24, 2009 10:07pm Mar 24, 2009 10:07pm
sorry, wrong setfile. here is the correct on. it gains only in profit if not more than 4 levels are open and closed at tp. yes it is not doubling only 1x. and there are so much trades lesser than 4 levels in the last 4 months.
Attached File(s)
File Type: txt nanninggrail.txt   3 KB | 407 downloads
  • #1,672
  • Mar 24, 2009 10:12pm Mar 24, 2009 10:12pm
Quoting der stratege
sorry, wrong setfile. here is the correct on. it gains only in profit if not more than 4 levels are open and closed at tp. yes it is not doubling only 1x. and there are so much trades lesser than 4 levels in the last 4 months.
If it only make profit until 4 levels, why don't u use lvl 4 instead of level 20 ? Opening after level 4 just add to your loss and there is no profit to be made after lvl 4.
  • #1,673
  • Mar 25, 2009 1:34am Mar 25, 2009 1:34am
Quoting der stratege
sorry, wrong setfile. here is the correct on.
Could you please tell me what to do with the set file, please? Sorry for asking a newbie question!
  • #1,674
  • Mar 25, 2009 2:13am Mar 25, 2009 2:13am
if u open the propertywindow of an EA there are two buttons. one load and one safe button. with this you could safe or load your settings made in the EA and you could also share your settings with others. but you have to rename mine from .txt to .set because this board do not allow attachment of .set - files.
  • #1,675
  • Mar 25, 2009 2:33am Mar 25, 2009 2:33am
try the tests with this EA and set, much much more better.
Attached File(s)
File Type: mq4 NanningBobV1.9.mq4   22 KB | 417 downloads
File Type: ex4 NanningBobV1.9.ex4   20 KB | 260 downloads
  • #1,676
  • Mar 25, 2009 2:55am Mar 25, 2009 2:55am
Quoting der stratege
try the tests with this EA and set, much much more better.
Very interesting results der stratege. Good find.
  • #1,677
  • Mar 25, 2009 3:08am Mar 25, 2009 3:08am
yes i hope so. it is the same method but with pyramiding. less DD, more margin, but less profit factor. the opposite is you could trade with much higher lots.
  • #1,678
  • Edited 3:40am Mar 25, 2009 3:16am | Edited 3:40am
Quoting der stratege
yes i hope so. it is the same method but with pyramiding. less DD, more margin, but less profit factor. the opposite is you could trade with much higher lots.
Err... I'm mixed. yeah the odds of getting a retrace with 20 levels is VERY VERY VERY likely, but at the same time when it hits stop you could be wiping out an entire account. I think I will be just using this in my toolbox as a stop loss hit = 10% of my account. Just in case.

Added: It is amazing to me how robust this EA is. Honestly... there are 20+ EAs within one.. just myself I use three variations of it on different timeframes on the same pair all have their place in different market conditions... it is rather... joyous. Anyway, I just find it amazing how we can find new ways of using the EA months after we have had it.
  • #1,679
  • Edited 1:23pm Mar 25, 2009 9:26am | Edited 1:23pm
The idea of not using a multiplier at all is a absolutely great. It solves several problems. First margin problems and secondly Order Send Problems.

I've set the EA to trade 0.2 Minilots per 1000 USD with 40 Levels an got 54.000% Return with 40% DD on 14.01 (Downgrading of NZ Economy).
It's true that the last Levels aren't making a profit for this we would have to martingale the TP but this would mean you need a bigger pullback
the more levels you have. If you reverse this and start with wide TP the last Levels with small TPs would need to have their Lot Size multiplied.

The best thing is it didn't blow up during in October like every other version.

http://img300.imageshack.us/img300/410/extrem.jpg

EDIT: This is not pyramiding if I understand it correctly. In that case we would have to invest the gains from our first position to build up new positions and so on and so on. Don't see this happening. What makes me go mhhh is that although we get alot of >4-5 Level Trades which would not make money if we have 10 Pips Spacing and 30 Pip TP and no Multiplier, the EA is amazingly profitable.
With moderate settings I end up with 1000 -> 57000 with only 10% Max DD during October to March.
  • #1,680
  • Mar 25, 2009 1:09pm Mar 25, 2009 1:09pm
Quoting der stratege
try the tests with this EA and set, much much more better.
I am running this EA on my FXDD (4 digit broker) demo account. However, the EA would enter positions with lot sizes around 1.00 (0.98, 1.00, 1.01, 1.02) rather than the input value of 0.01. I loaded the set file as instructed.

Is the initial lot size set according to account balance? And how do I set a lot size correctly?
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