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Nanningbob 60x90 EA

  • #1,561
  • Mar 25, 2009 4:28am Mar 25, 2009 4:28am
Quoting Lenoxer
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...

Your right, but this system will not work on either of those brokers. Everyone knows IBFX is a crappy broker, but the only one that is offering microlots and is somewhat stable. I personally gave up on this system after blowing 2 more accounts last week. With the economy the way it is, I do not think there is anyway to adapt this system to it. I wish there was, but I do not see how.
  • #1,562
  • Mar 25, 2009 4:47am Mar 25, 2009 4:47am
Quoting toyoproxo
Your right, but this system will not work on either of those brokers. Everyone knows IBFX is a crappy broker, but the only one that is offering microlots and is somewhat stable. I personally gave up on this system after blowing 2 more accounts last week. With the economy the way it is, I do not think there is anyway to adapt this system to it. I wish there was, but I do not see how.

IBFX offer nano's... there spreads are shitty but as ive been trying to preach steer clear of the trending pairs... who says you have to trade all?

i trade a 5 pairs thats it, possibly adding another 2, split over 3 accounts (once I add the other 2)... this system is good, but i believe some technical knowledge would be good, ive cut about 3 level 3 trades in the past 2 weeks, and im still up overall...

dont give up on it dude, it still has merit...

and yeh once i hit $10,000 im over to MBT... i suggest we all do the same as long as they live up to the hype
Grabbing the bull by the horns!
  • #1,563
  • Mar 25, 2009 8:28am Mar 25, 2009 8:28am
I've ported Bobs system to FxSpyder which lets us run it against Oanda without their hefty API fee. They charge 1/4 pip per trade, funded from a seperate account for Live trades.

However, FxSpyder seems a lot more clunky than MT4 and I've noticed some strange behaviour which would certainly prevent me from trading Live with this yet. But it may be of interest to some. This version uses a single TP and SL value for all trades and there will still be bugs.

You'll need an Oanda demo account and an FxSpyder account. Place the .js file in c:/../Documents/FxSpyder Oanda User Files/AutoTrading/Robots. (Rename file from .txt to .js). Make a copy of the script for each currency you want to run against.

Main differences between Oanda and MT4 brokers:
Max 50:1 leverage
You cannot have Long and Short trades in the same account (You can run 2 FxSpyders against different sub-account with some fiddling)
Trade 0.00001 Lots
Very fair trading and spreads, I've not seen them play games and rarely if ever been re-quoted (I've traded Live on their platform for several years, not through FxSpyder tho)
Attached File(s)
File Type: txt BobSys.txt   13 KB | 352 downloads
  • #1,564
  • Mar 25, 2009 10:06am Mar 25, 2009 10:06am
Is getting the beating today
  • #1,565
  • Mar 25, 2009 11:21am Mar 25, 2009 11:21am
I'm trading Bob's 100x40 EA on a real money account. Has anyone trading live with IBFX seen this? When a trade opens up, TP is not set perfectly to what the EA calls for. This EA calls for a TP of 100 and five times in the last week and a half, TP has been set for less than 100 pips. Was set at 1-5 pips less than 100 in each of these times so it takes away from your profits a little each time. What would cause this? Even though slippage will cause a trade to open a few pips off now and then, this shouldn't have any effect on how TP is set after the trade has already opened should it? Is this IBFX playing with our EA's? Any ideas out there on how to remedy this? Is something in the code allowing this? Thanks
  • #1,566
  • Mar 25, 2009 11:40am Mar 25, 2009 11:40am
Hello, i use 60X90 demo and live with FxOpen and nano lots with good results. Fix spread and nano lots like ibfx.
  • #1,567
  • Mar 25, 2009 1:58pm Mar 25, 2009 1:58pm
Quoting harar
Is getting the beating today
Here's the reason why, UK Bond Auction fails.

http://www.forexfactory.com/news.php?do=news&id=160125

885 pips move from high to low for the day. Finally got a retracement for a profit. But it was looking bad for a while.
  • #1,568
  • Mar 25, 2009 2:21pm Mar 25, 2009 2:21pm
Quoting fcaillou
Hello, i use 60X90 demo and live with FxOpen and nano lots with good results. Fix spread and nano lots like ibfx.
I downloaded them but I could not make the EA work on their platform. Did you make any modifications??
  • #1,569
  • Mar 25, 2009 2:23pm Mar 25, 2009 2:23pm
Quoting harar
Is getting the beating today
I really dont recommend using my system with pound currencies right now. They are just too volatile. I am only using the GBP/USD. I have this info in the very first post.
  • #1,570
  • Mar 25, 2009 2:27pm Mar 25, 2009 2:27pm
Quoting toyoproxo
Your right, but this system will not work on either of those brokers. Everyone knows IBFX is a crappy broker, but the only one that is offering microlots and is somewhat stable. I personally gave up on this system after blowing 2 more accounts last week. With the economy the way it is, I do not think there is anyway to adapt this system to it. I wish there was, but I do not see how.
Yes you blew up two accounts but did you follow the rules? I know if you stayed out of the interest rate announcements you would not have blown the accounts. If the accounts blew up because you traded weekends or the pound currencies. We need to know why you blew them up, if you followed the rules we need to know so adjustments can be made. If they blew up because you didnt follow the rules then it is not the EAs fault. Why did you blow up the accounts???? We need accurate data not generalizations.
  • #1,571
  • Mar 25, 2009 2:45pm Mar 25, 2009 2:45pm
I am also trying a company called Tadawul FX. However, when I turn on the EA it only trade 3 currencies and the others dont work even though the profile works with IBFX. Anyone have any ideas why a MT4 platform would do this??
  • #1,572
  • Mar 25, 2009 3:07pm Mar 25, 2009 3:07pm
Yeah we can blow up accounts. And my demos I intentionally left on through the news blew up.
But here is where I’m at with it.

I would like to find a trigger to get out when trending strong. And one that closes all trades during spikes.

I believe that you can do this method but you need to build systems to absorb these jumps.

I have written up the jumping EA were it could have adjustable multiplier for different moves.

Also there are spike indicators and if those could close all open trades in spiking pair that would be helpful.

In addition I think that if we had a trending indicator. (One that sees a fair distance of trend). If we could set it to disable the EA until trending sessions is over.

And for those of you that complain about this why you don’t look for Solutions Is beyond me.
the markets moving, time to get in!
  • #1,573
  • Mar 25, 2009 3:49pm Mar 25, 2009 3:49pm
Quoting nanningbob
I really dont recommend using my system with pound currencies right now. They are just too volatile. I am only using the GBP/USD. I have this info in the very first post.
Probably very good advice. Who knew that the UK would have problems with their bond auction today. Or even that they were having an auction.

Here's a programming note. My trade went 5 levels on the 60x90 EA. I added the 7 Level Rescue EA. Had to move my stops to stay in the trade.

Two strange things happened though.
1) The Rescue EA took an 8th level trade for the same number of lots as the 7th level. Not sure how that happened. Any ideas?

2) The 3rd level trade somehow got closed for a loss BUT all of the other trades did not close. Any idea how that could have happened? Does the EA close all only if the 1st or last level is closed either by TP or SL?

Fortunately, the pair retraced after moving 885 pips for the day. I put a 75 pip trailing stop on the 8th level trade and got out of all in profit.
  • #1,574
  • Mar 25, 2009 4:01pm Mar 25, 2009 4:01pm
Quoting nanningbob
(#1538) Sorry, I probably shouldnt have reacted so strongly.
No worries Bob. I do appreciate your overall concern and interest in the success of others.

  • #1,575
  • Mar 25, 2009 4:53pm Mar 25, 2009 4:53pm
Quoting harar
Is getting the beating today
i made a heap of cash on this overnight... cos my settings are quite moderate... i got 3 level 3 trades which made quick TP, 2 level 2's and 2 level 1's... gotta love how quick this pair moves to hit TP's

oh in case you were wondering... my settings are 5min chart, 80ma, 160pips away for first entry
Grabbing the bull by the horns!
  • #1,576
  • Mar 25, 2009 4:57pm Mar 25, 2009 4:57pm
Quoting whitegoodman
i made a heap of cash on this overnight... cos my settings are quite moderate... i got 3 level 3 trades which made quick TP, 2 level 2's and 2 level 1's... gotta love how quick this pair moves to hit TP's
What are your settings?
  • #1,577
  • Mar 25, 2009 5:00pm Mar 25, 2009 5:00pm
Quoting newera
What are your settings?
geez bit too quick for my edit there, look back to previous post

my settings are 5min chart, 80ma, 160pips away for first entry
Grabbing the bull by the horns!
  • #1,578
  • Mar 25, 2009 5:25pm Mar 25, 2009 5:25pm
Dear Thread,

We talk a great deal of the right settings for the model, i.e. the old TA parameter game. But how about using the middle of the Asian range (00:00--6:00 GMT) for each currency as a starting point and then placing one's trades X pips away from that point? You then don't need to pick timeframes nor MA values, and this point is probably as good and representative and simpler than most anything else. What's the right pip value away? Do the stats. Hire that actuary. Come on, fellas, what stats do you want to know?

Lenoxer
  • #1,579
  • Mar 25, 2009 6:54pm Mar 25, 2009 6:54pm
Quoting newera
Probably very good advice....
I have not idea why it should do that. The recovery EA is basically the same program but with different multiplication to lessen the size of the loss if taken or to enter at a bigger distance on a sudden big move. I had one demo account do an extra level on me and I recompliled the program and did not have a problem after that but it was a one time thing. There are several reports of some anamolies but each one reported has been different. So I dont have anyway of answering them because each anamoly has been different. Is it a program problem? A MT4 problem? A broker problem? Dont know at this point. Why do I have one IBFX demo freeze up but my live and other demos dont? Maybe some programmer can answer this for us. I am sorry but at his point I dont have an answer for this.

The EA should close all if any level is closed because the program is designed that way. When one is closed the total number of open trades is now less than the total so it should do a close of each one.
  • #1,580
  • Mar 25, 2009 7:10pm Mar 25, 2009 7:10pm
Quoting whitegoodman
geez bit too quick for my edit there, look back to previous post

my settings are 5min chart, 80ma, 160pips away for first entry

I only have 9 charts and I question if they are too many. And I manage my own levels.

It would be nice to have a spike indicator that gets you out of trades.
the markets moving, time to get in!
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