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Nanningbob 60x90 EA

  • #1,621
  • Mar 27, 2009 4:36am Mar 27, 2009 4:36am
I have a demo account running nanningbob's 3l 60x90 ea standard settings. It was chugging along fine but has now just stopped executing tades. I have checked all the obvious reasons why this may be but can't figure it out - anbody have any ideas please?
  • #1,622
  • Mar 27, 2009 6:31am Mar 27, 2009 6:31am
Quoting imalisebenza
I have a demo account running nanningbob's 3l 60x90 ea standard settings. It was chugging along fine but has now just stopped executing tades. I have checked all the obvious reasons why this may be but can't figure it out - anbody have any ideas please?
1. Make sure the account is still active. Look in the lower right hand corner of MT4, some demos have a time limit and you have to open a fresh account.

2. Open the EA and recompile it.

3. Change the Magic number in the program.

4. If that doesnt work download a fresh demo copy and use it.

5. After all that, I dont know.
  • #1,623
  • Mar 27, 2009 6:36am Mar 27, 2009 6:36am
Looks like another quiet week news wise until Friday. Watch out for news on GM and Chrysler, is this the month they run out of money??
  • #1,624
  • Mar 27, 2009 6:47am Mar 27, 2009 6:47am
Quoting nanningbob
Looks like another quiet week news wise until Friday. Watch out for news on GM and Chrysler, is this the month they run out of money??
yeh i thought their mini bailout was only meant to last them till this month.... keep our ears to the ground on that one.. id say next fortnight...
Grabbing the bull by the horns!
  • #1,625
  • Mar 27, 2009 6:51am Mar 27, 2009 6:51am
Quoting nanningbob
1. Make sure the account is still active. Look in the lower right hand corner of MT4, some demos have a time limit and you have to open a fresh account.

2. Open the EA and recompile it.

3. Change the Magic number in the program.

4. If that doesnt work download a fresh demo copy and use it.

5. After all that, I dont know.
Thanks nanningbob; will try this
  • #1,626
  • Mar 27, 2009 9:44am Mar 27, 2009 9:44am
Quoting IamTHAT
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.
You are correct. I shouldn't say it will retrace 60 pips within 1 hour. Actually, it could be several hours. I'm sure there might be a way to do it but maybe not in Excel. My formula was relatively simple. Check to see if the previous candle changed by +/-60 pips. Then total the number times it did, then divide by total candles.

What you are asking is what Strategy Tester does, the only problem is being able to turn off for weekends.
  • #1,627
  • Mar 27, 2009 12:53pm Mar 27, 2009 12:53pm
Quoting nanningbob
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....

Hi Bob,

Thanks for answering my questions.

I do know that this is a counter-trend ea that gauges each pair in amount of movement and looks for a retrace after the peak.

What I was after was finding out about the Reverse function.

Example: EA places trade for retracement on cable, but cable does not peak and goes on trending. EA then goes up the next level at .03 lots (to make up for loss and to go past break-even and make a profit), and is still counter-trending. If cable continues to trend then the EA goes up to the next level, etc.

In the case above, wouldn't it be a good thing to use the Reverse function on the loss so then it would follow the trend and no longer be counter-trend?

Has anyone here used the Reverse function, and if so, what were their results?

Thanks,

Vincent Glenn: Tankersley
  • #1,628
  • Mar 27, 2009 7:19pm Mar 27, 2009 7:19pm
Quoting silverngold
Hi Bob,

Thanks for answering my questions.

I do know that this is a counter-trend ea that gauges each pair in amount of movement and looks for a retrace after the peak.

What I was after was finding out about the Reverse function....
I often answer a persons questions and then go to general comments they were not directed at anything you had said. I guess I shouldnt do that.

The problem with hedging is you dont know price is going to do that. The whole problem with following the trend is you dont know how far it will go? The only thing to do is be like the big traders who sit on a position for months at a time because they follow fundamentals of a currency. When the fundamentals change then they change direction. When you day trade, which basically is what this is, fundamentals have little to say because you look to catch the retracements which happen all the time in price action. It takes time to get into counter trend thinking when for years you have been thinking "follow the trend, follow the trend, the trend is your friend, the trend is your friend"

We have talked about hedging trades before and I have tried hedging but the only thing I found out is I now have to deal with two trades instead of one. I find it easier to deal with one trade at a time.

I have a hedging EA and it is in the 100x80 Oh boy thread and trading the Aud/Nzd successfully. It is extremely profitable as long as price stays within the range of the EA. However, when price goes outside, it gets ugly. So something similar is out there. I am testing a new version of that system now, interesting results so far.

The question you have to ask is this, once you have two trades going in two different directions is this, Now what do I do? Your thinking well one makes profit if price goes up and one makes profit is price goes down but in reality you have added the price of the spread to your loss because in this position you no longer are doing anything profit wise. When one position takes profit you still have the losing position. If you are uneasy with a position, I close and take a loss. Why add an additional spread loss to the trade? Just some thoughts.
  • #1,629
  • Edited Mar 28, 2009 4:20am Mar 27, 2009 10:53pm | Edited Mar 28, 2009 4:20am
Hi all,

Am a bit hesitant to post since I am still on the default 60x90 4L, and not quite up to date on all the advanced discussions, but here is my 6 weeks demo results spreadsheet (detailed statement, pivot by level and a short summary) for anyone interested to view.

Broker is 121 Securities in Tokyo, whose very tight spread, fixed, seems to have contributed to the healthy curve. Two dips on the curve: Feb 28 (JPY), and Mar 19 (USD). The balance and equity have grown by more than 95% in this 6 weeks, with usually low floating trades. Max DD was about 7%.

Problem is the minimum lot is 0.1 standard lot, hence requires a deep pocket. The demo starting balance is JPY 5000K (approx. USD 50k).

Thanks Bob for sharing the system... Cheers, RS
Attached File(s)
File Type: xls DetailedStatement 2009 03 27 2011141463.xls   405 KB | 593 downloads
  • #1,630
  • Mar 28, 2009 8:39am Mar 28, 2009 8:39am
Hi Bob,


Thanks again for replying to my post.

And too true!

I agree with you about hedging - what do you do with the trade? AND if there is strong movement in any one direction and you close out the one trade . . . you still must make up for the original loss, but if it retraces again before the profit is reached . . . well, we know the answer to that one, and like you said before, you wind up adding an additional spread to have to make up for as well.

I guess I didn't really explain what I meant very well earlier.

If the trade goes against you (meaning that the trend never did peak, but continues), and now the EA is ready to go up another level trading at .03 lots, would it not be best for the trade to close automatically and the reverse function kick in opening a new trade now with the trend.

I was under the impression that the reverse function had that ability, but if all it does is open an additional trade ie. one for counter and one for trend, so then it becomes nothing more than a hedge - then obviously that's no good.

Maybe it can't even do that though, according from what you have said is that the Reverse is strictly for trend instead of normally trading counter trend.

When I originally saw the other Reverse function (as there are two different ones in the Inputs), I thought that the EA could be optimized to do what I described earlier.

So, I guess I did the classic "ASSUME" - oops!

Sorry about that Bob.

It would be nice if the EA could do that though, as once it is trading at .03 lots it should be able to quickly catch up as long as the trend continued.




Quoting nanningbob
I often answer a persons questions and then go to general comments they were not directed at anything you had said. I guess I shouldnt do that.

The problem with hedging is you dont know price is going to do that. The whole problem with following the trend is you dont know how far it will go? The only thing to do is be like the big traders who sit on a position for months at a time because they follow fundamentals of a currency. When the fundamentals change then they change direction. When you day trade, which basically is what this is, fundamentals...
  • #1,631
  • Mar 28, 2009 7:51pm Mar 28, 2009 7:51pm
Quoting silverngold
Hi Bob,


Thanks again for replying to my post.

And too true!

I agree with you about hedging - what do you do with the trade?...
Well, I have never tried the reverse function. Just didnt see how it could fit. Doesnt mean there is no use for it, I just dont see how I can use it without knowing the future. I am more of a take my loss and move on type of guy.

The only time I use hedging now is I am in a position and dont know what to do. Maybe I am tired or sick or ......... and I just dont want to deal with a position. You can hedge the trade and come back in a day, week, or month and not worry about losing any more money. So that is the one great way to use hedging, you just cant think clearly at the moment and a decision needs to be made so I will hedge in that circumstance. Come back when I am fresh and have had a chance to study the market.
  • #1,632
  • Mar 28, 2009 11:53pm Mar 28, 2009 11:53pm
Quoting RisingSun
Hi all,

Am a bit hesitant to post since I am still on the default 60x90 4L, and not quite up to date on all the advanced discussions, but here is my 6 weeks demo results spreadsheet (detailed statement, pivot by level and a short summary) for anyone interested to view.

Broker is 121 Securities in Tokyo, whose very tight spread, fixed, seems to have contributed to the healthy curve. Two dips on the curve: Feb 28 (JPY), and Mar 19 (USD). The balance and equity have grown by more than 95% in this 6 weeks, with usually low floating trades. Max DD...
Hi Rising ...

Thanks for tracking and posting. Your results are very impressive. I saw the excel data but was not able to load the chart. I do have a few of questions if you don't mind.

1) Your spreadsheet indicates N/B 60x90 4L Default. Does this mean that you set the "4L version" of the EA and just let it run???

2) Did you ever "manually manipulate" the trades by closing them on your own before the Stop Losses might have been hit?

3) Did you ever hit the Stop Losses?

4) You include a "Rescue" column. Did you overlay one of the higher ea's? 5, 6 or 7?

5) Your summary shows results for 18 pairs. Did you simply run them all simulataneously???

Thanks for your efforts...
  • #1,633
  • Mar 29, 2009 1:07am Mar 29, 2009 1:07am
Quoting Pip Parade
Hi Rising ...

Thanks for tracking and posting. Your results are very impressive. I saw the excel data but was not able to load the chart. I do have a few of questions if you don't mind. Thanks for your efforts...
Hi Pip Parade,

Thanks for taking time to analyze my data.

I was not successful to attach the chart to the post that comes with the detailed statement, so figured I would simply paste in the Excel but apparently you couldn't load it. If you would care to create a chart based on the right extreme column "O" (Cumulative P/L) you should be able to create one.

Also, the original profit/loss in colomun "N" (Profit) cannot be added up; seems they are not numbers but characters, so I manually typed in the same figure in Profit 2 column and they can be manipulated.

All right, I will answer your questions in blue words below:

1) Your spreadsheet indicates N/B 60x90 4L Default. Does this mean that you set the "4L version" of the EA and just let it run???

Yes, I just applied the 4L Profile (out of the two Profiles, 3L and 4L) that opened some 22 charts that are based on the pairs of IBFX. I then dragged my brokers' pairs on to respective charts. So the time frame and EAs are all what are set in that Profile.

2) Did you ever "manually manipulate" the trades by closing them on your own before the Stop Losses might have been hit?

No, I never manipulated trades manually. I was actually running the same 4L Profile with IBFX live account (nano lots) and did come to this account and applied the L7 rescue EA when I saw the trend kept running on IBFX platform. I didn't care after that, except for coming back and removing the L7 rescue EA when positions were seen cleared. This might have been after hitting the stoploss or just reversed without - I really haven't set up a solid routine because I wasn't actually sure myself when/how to apply the rescue EA - it's my trial run. So for that matter, my track isn't a good example, regret to say.

3) Did you ever hit the Stop Losses?

Might well have been hit, but haven't taken any record of it.

4) You include a "Rescue" column. Did you overlay one of the higher ea's? 5, 6 or 7?

If the lot size is 0.2 and multiplication by 2 of it in the detailed statement, that is when the rescue EA was overlayed.

5) Your summary shows results for 18 pairs. Did you simply run them all simulataneously???

Yes, I just run it non-stop (closing PC after Friday and re-booting on Sunday afternoon. It is quite a hard work to monitor all these pairs and do whatever on the Do-List (if there is any) ... actually it's only 6 weeks experience with N/B system and yet to create a solid routine.

I did manipulate my little live account occasionally, closing all trades when the floting loss get really high and/or on weekend, but I now chose to leave the open trades over the weekend.

Now that there isn't a clear and solid routine set up, please look at my data with caution.


Hope I have answered all of your questions.

I intend to keep this account running and hopefully come up with some good list of routine. Any suggestions you may have would be much appreciated. RS
  • #1,634
  • Mar 29, 2009 5:09pm Mar 29, 2009 5:09pm
Just a warning, GM CEO is resigning his position and president Obama is announcing his plans for the auto industry. I am not going to trade live during this time because of the size and scope of this news story. This story is probably going to dominate the news for the week so trade with caution especially during the USA session. Good luck.
  • #1,635
  • Mar 30, 2009 3:56am Mar 30, 2009 3:56am
Dear Thread,

I've compiled the how-to stat posts from newera, toothman, etc. and sent them off to my actuarial guy.
He's a busy camper right now but will get back to me
in the next couple of weeks. As well, may I ask what was the price and the time amount of tick data that someone found?

My best,

Lenoxer
  • #1,636
  • Mar 30, 2009 7:04am Mar 30, 2009 7:04am
Quoting Lenoxer
Dear Thread,

I've compiled the how-to stat posts from newera, toothman, etc. and sent them off to my actuarial guy.
He's a busy camper right now but will get back to me
in the next couple of weeks. As well, may I ask what was the price and the time amount of tick data that someone found?

My best,

Lenoxer
Thanks Lenoxer. I'll be interested to see what he comes up with.
  • #1,637
  • Mar 30, 2009 7:17am Mar 30, 2009 7:17am
Quoting Lenoxer
Dear Thread,

I've compiled the how-to stat posts from newera, toothman, etc. and sent them off to my actuarial guy.
He's a busy camper right now but will get back to me
in the next couple of weeks. As well, may I ask what was the price and the time amount of tick data that someone found?

My best,

Lenoxer
FOREXTICKDATA.com
Tick data for 8 majors. You will have to get them to quote it but here's the price for 1 Min Data 8 Pairs Included. USD $2299.00
http://www.forextickdata.com/FORMgallery1.htm


ALPARI - free download
‘1 minute’ and ‘Daily’ data that stretches back to 2004 for 16 pairs. Free to download from Alpari.
http://www.alpari-idc.com/en/dc/databank.php

Several more links here. Some free, some cheaper.
http://www.iexpertadvisor.com/forexData.asp
  • #1,638
  • Mar 30, 2009 7:23am Mar 30, 2009 7:23am
Quoting Lenoxer
Dear Thread,

I've compiled the how-to stat posts from newera, toothman, etc. and sent them off to my actuarial guy.
He's a busy camper right now but will get back to me
in the next couple of weeks. As well, may I ask what was the price and the time amount of tick data that someone found?

My best,

Lenoxer
Hi Lenoxer,
Do you want the spreadsheet I created for the sample data?

Thanks for contacting your guy.
Field
  • #1,639
  • Mar 31, 2009 4:04am Mar 31, 2009 4:04am
Dear Thread,

I've sent the data links to my guy. Thanks, Field. And, yes, why not send me the spreadsheet as a private email attachment and I will forward that to him as well. On the links you sent me, the pay-for data looks cleaner; but, I'm willing to pay for it and have my guy have a go at all the stats. It certainly will take some time, though. It's Passover in the Holy Land and everyone is getting ready. In the meantime, though, happy to hear more about the stats that people want.

Lenoxer
  • #1,640
  • Mar 31, 2009 8:24am Mar 31, 2009 8:24am
I have not traded the EA since two weeks ago when I got caught in the run-up of some currencies vs the dollar & now have traded out of with about a 7% loss. Too much going on this week, so will sit on the sidelines.
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