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Nanningbob 60x90 EA

  • #1,601
  • Mar 26, 2009 9:20am Mar 26, 2009 9:20am
This is a good illustration of the ea ridding the “trend” then switching to the 60 x 90 and taking the sell at the top.
Attached File(s)
File Type: doc Trend.doc   66 KB | 427 downloads
  • #1,602
  • Mar 26, 2009 9:34am Mar 26, 2009 9:34am
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
what pairs are you trading whitegoodman?
  • #1,603
  • Mar 26, 2009 10:18am Mar 26, 2009 10:18am
Quoting jthomas71
How many levels are you trading to survive a 885 pip move? I've lost too much money and I don't have the stomach for this anymore.
See this post: http://www.forexfactory.com/showpost...postcount=1573
  • #1,604
  • Mar 26, 2009 10:31am Mar 26, 2009 10:31am
spritz2,I think what you propose is promissing. I like the idea of playing the break out of consolidation period to one of the levels in EA, and then start entering retracement trades. Many have suggested excursion studies, most notably Lenoxer, and I second (third,fourth??) the motion. We must know the likelyhood of price reaching each of the levels once it departs from MA. With this info we will be better able to determine when to start our retracement trades. Pippo
Vincit qui se vincit.
  • #1,605
  • Mar 26, 2009 12:26pm Mar 26, 2009 12:26pm
Quoting spritz2
I have noticed the 60x90 ea dosen't do such a good job at running trends. I put this ea together from 2 of Bob's. Thanks Bob hope you don't mind It runs trends. Dosen't work too good when the market vasilates. Anyway I'm still working on it, let me know what you think and if anyone knows some code I'd like to ask a few questions... Thanks. This only works on USD/JPY 15 minutes
Spritz2,
See posts#1553 and 1556 for my way of dealing with long trends. Continue to only sell or only buy as long as price stays in a 1 hour channel. I'm using Bob's 35x25 sell only or 35x25 buy only EA with settings in post 1553. Don't know how well this approach will work yet but it has made $28(EUR/USD only) since tue. with very little DD.
  • #1,606
  • Mar 26, 2009 2:24pm Mar 26, 2009 2:24pm
Quoting IamTHAT
My idea is that if the time gap between two level trades can be controlled (and adjustable), then we can avoid the spike trade happening immediately after the previous level. This should be doable for a programmer..Again, after the spike how to get the EA to work and at what levels is the question.
What I would do is set it so when it gaps it pulls the trades and refuses to trade until it has returned to the center MA.

1 that could act as a restart for the EA
2 trading wise after a big spike the market usually calms down (you might want to give it a few of bars before enabling live trading again)

Does that help daddy
the markets moving, time to get in!
  • #1,607
  • Mar 26, 2009 2:56pm Mar 26, 2009 2:56pm
Hi Bob,

I want to thank you for your awesome EA!

The 60x90 is a sweet money maker (at least in demo).

I need to ask you a few questions that I hope you don't mind answering.

Have you done much testing with the Reverse function in the inputs when the stop is hit?

And if you have done testing, then what were the results of going with the trend at the second level?

Do you feel it would be better to manually stop the trades that are nearing the stop then to let it continue through the other levels and having the possibility of large losses?

Thanks.

Sincerely,

Vincent Glenn: Tankersley
  • #1,608
  • Mar 26, 2009 3:46pm Mar 26, 2009 3:46pm
Quoting whitegoodman
if we could get that data easily, wow, would revolutionise settings

To get the maximum movement in one direction before a retracement, you would need tick data. Question is, how much retracement do you need? If for example, we determine how many times the pair retraces 30, 40, 50, 60 pips in each time frame, then I think that would be very useful. If you look back to my post on page 103, I uploaded a sample of how that might be calculated. In my example of the GBP/NZD, I took the hourly data for as far back as I could get from MT4. I then calculated the change from candle to candle whether it was plus or minus. Then, I wrote a formula that checked against the previous candle if the pair retraced +60 or -60 pips. Total the number of retracements and divide by total candles of data and you get something like 49%. So, my conclusion was there is a 49% chance that the pair will retrace by 60 pips within 1 hour. If you check for a 50 pip retracement or a different TF, the percentage will obviously change.

I think we would need to run this analysis on each pair, for each time frame, for different retracement amounts. Factor in Bob's daily historical highs to figure out what is the most probable range to determine the optimal settings (i.e. TF, pips from MA, 30x20, 60x90, other XxY amounts, SL, etc.)

In my view, the goal is to optimize the EA for the highest probability, knowing that there will be SL to protect you from the exceptions.

I found a site that sells historical data including tick data that goes back much further than MT4, but it was kind of expensive. Seems like to me, we could use the data from MT4 since the most recent 4-6 months have seen the highest ranges and volatility.
  • #1,609
  • Mar 26, 2009 4:35pm Mar 26, 2009 4:35pm
Quoting imalisebenza
what pairs are you trading whitegoodman?
audnzd
nzdcad
audcad
eurnzd
gbpnzd

spread over 2 accounts currently (dont want more than 2 of one currency)

looking to possible add Cadchf and nzdchf which will mean a 3rd account
Grabbing the bull by the horns!
  • #1,610
  • Mar 26, 2009 4:40pm Mar 26, 2009 4:40pm
Quoting newera
In my example of the GBP/NZD, I took the hourly data for as far back as I could get from MT4. .
problem with using gbpnzd hour charts is that they can move upsharply 100pips then down then up again then down etc etc within an hour, and this might not be reflected properly on a 1hr bar, hence why ive brought down all my charts to 5mins to get a 'truer' indication
Grabbing the bull by the horns!
  • #1,611
  • Mar 26, 2009 4:43pm Mar 26, 2009 4:43pm
Quoting whitegoodman
problem with using gbpnzd hour charts is that they can move upsharply 100pips then down then up again then down etc etc within an hour, and this might not be reflected properly on a 1hr bar, hence why ive brought down all my charts to 5mins to get a 'truer' indication

That's why we need to run stats on all time frames: 5m, 15m, 30m, 1hr for each pair. Not sure tick or 1 minute data will be useful, but it could be on certain pairs.
  • #1,612
  • Mar 26, 2009 5:49pm Mar 26, 2009 5:49pm
Here are the problems that we face.

(1)Spikes those spikes can be a pain and all the countries are trying devalue their currencies. So Spikes are a coming.

This is a problem and we need something to eliminate these spiked losses.

(2)Lasting trends. Even when the MA follows them you can end up getting into the market and have a real problem getting a retracement.

I’ve been thinking about this problem. And it seems to me that when we are going into a trending situation and we need to figure out a way of relieving the pressure of getting into trades that are countertrend. I do have ideas on this but I lack in programming knowledge.

(3)Thread psychology, it’s very true that the market move up and moves down (I believe that to) but there is truth in the Pressure of the market. What do I mean well I have talked about trending. and it comes back to me that there is no way to predict the market. This is true but I believe that the market is both unpredictable and semi predictable.

When the market is trending its generating pressure in the direction of the trend. I believe it is unwise to trade against the trend. I would like to see some things change such as relieving pressure to trade against the trend and I have ideas for this.
the markets moving, time to get in!
  • #1,613
  • Mar 26, 2009 7:12pm Mar 26, 2009 7:12pm
does someone have the modified version of this ea to work with an ecn broker....trying to get it to work with swissfx broker....best ecn broker so far that uses mt4. I kmow that spook had posted the modified one earlier but somehow none of the zip files are working on this thread....thanks in advance.
  • #1,614
  • Mar 26, 2009 10:58pm Mar 26, 2009 10:58pm
Quoting whitegoodman
audnzd
nzdcad
audcad
eurnzd
gbpnzd

spread over 2 accounts currently (dont want more than 2 of one currency)

looking to possible add Cadchf and nzdchf which will mean a 3rd account
IN the USA we would call you a homer. Good luck.
  • #1,615
  • Edited 11:58pm Mar 26, 2009 11:19pm | Edited 11:58pm
Quoting silverngold
Hi Bob,

I want to thank you for your awesome EA!

The 60x90 is a sweet money maker (at least in demo).

I need to ask you a few questions that I hope you don't mind answering.

Have you done much testing with the Reverse function in the inputs when the stop is hit?

And if you have done testing, then what were the results of going with the trend at the second level?

Do you feel it would be better to manually stop the trades that are nearing the stop then to let it continue through the other levels and having the possibility of large losses?

Thanks.

Sincerely,

Vincent...
No I have never used the reverse function. I dont know how that would fit in a range system like mine. I almost always stop trades before they get to the SL. Sometimes I am right, sometimes I am wrong. It has to do with the fundamentals of the currency at the time.

I notice a lot of space is being used by trend traders. You are kind of wasting your time because this is a counter trend trading system. You cant fit a trend system with a counter trend system. There are probably a million threads over the world talking about various trend systems. They all have the same inherent problem, when did it start, when did it end, and when do you know when is when. The beauty of a countrend system is I am 100% certain it will happen. The only problem you face is do I have enough margin to make it to the retracement. If not, then we put limits in searching for it, take a loss and live to trade again. As you can see the vast majority of times you get your retracement and then you learn to deal with the ones that dont. That takes a certain amount of trading skill no indicator or EA can do for you.

I see a lot of time being spent on spikes, unless the spike is greater than your stop loss or your margin they simply are not a problem. The vast majority are avoided by watching the news. Keep things simple, learn when not to trade, there is no indicator that can predict spikes, there is no indicator that can predict how high/low a spike is and even if you found out this information, it is already too late, you have a loss. The hardest lesson of new traders is: NOT TRADING. If you not trade you dont lose money. If the news story is a dud, you still do not lose money. No one has made money untill you get the check from the broker, the rest is all hot air. There is no easy road in learning this business, this EA does a lot of your work for you but you still have to learn the business. The one simple thing you have to learn and be successful with this EA is knowing when to stay out of the market, It handles all the rest. Even then, as any trader will tell you, you will have a losing day, week or even month. When you do, did you keep your account intact? That is a trading skill also.
  • #1,616
  • Mar 27, 2009 12:05am Mar 27, 2009 12:05am
Quoting nanningbob
IN the USA we would call you a homer. Good luck.
i am unfamiliar with this term, explain?
Grabbing the bull by the horns!
  • #1,617
  • Mar 27, 2009 12:09am Mar 27, 2009 12:09am
Quoting newera
So, my conclusion was there is a 49% chance that the pair will retrace by 60 pips within 1 hour. If you check for a 50 pip retracement or a different TF, the percentage will obviously change.
This data is no doubt helpful and your effort is in the right direction.
However, in your example, is it possible to gauge the max pip movement in the opposite before getting a retrace of 60pips instead of TF. Price may have moved a lot in one hour before retracing by 60 pips which defeats this EA. Waiting for 1 hr or 1 day is not very critical for a retrace we are looking for.
"Put all your efforts in becoming effortless"
  • #1,618
  • Mar 27, 2009 12:48am Mar 27, 2009 12:48am
Quoting whitegoodman
i am unfamiliar with this term, explain?
A homer is a person who always bets on his home team no matter how good or bad they are. I see you have all Aud and NZD therefore the term homer.
  • #1,619
  • Mar 27, 2009 1:02am Mar 27, 2009 1:02am
Quoting nanningbob
A homer is a person who always bets on his home team no matter how good or bad they are. I see you have all Aud and NZD therefore the term homer.
haha fair enough, im just trying to pick pairs with aud, nzd or cad as one of the currencies.... with no usd or jpy in them... except for usdsgd...

one im looking at atm which may be interesting is the eurdkk
Grabbing the bull by the horns!
  • #1,620
  • Mar 27, 2009 3:34am Mar 27, 2009 3:34am
Quoting whitegoodman
haha fair enough, im just trying to pick pairs with aud, nzd or cad as one of the currencies.... with no usd or jpy in them... except for usdsgd...

one im looking at atm which may be interesting is the eurdkk
I think that the strain on the USD has cooled down but you have to set the EA for trending mode. Meaning trade with the trend.

Maybe if a pair is trending long you set it so the only retraction that works is the short move with the long entry.

If the pressure is heading long why bet against it.
the markets moving, time to get in!
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