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Trading aud/nzd successfully

  • #1,701
  • Mar 26, 2009 8:00pm Mar 26, 2009 8:00pm
need help. everytime i got an 'waiting for update' (this is very often in the last time) in the chartwindow the EA freezes with the error 'shutdown by timeout'. is it possible to avoid this? and if yes, how?

der stratege
  • #1,702
  • Mar 26, 2009 9:06pm Mar 26, 2009 9:06pm
This is the first time I've seen this pair trended this long ....
  • #1,703
  • Mar 26, 2009 10:55pm Mar 26, 2009 10:55pm
Quoting der stratege
need help. everytime i got an 'waiting for update' (this is very often in the last time) in the chartwindow the EA freezes with the error 'shutdown by timeout'. is it possible to avoid this? and if yes, how?

der stratege
What broker are you using?? I have never had this happen with IBFX but have seen it with other companies MT4. It as happened with the new updates, they crashed the MT4 and when I restarted the updates download properly and the problem quit. So did it happen during an update??
  • #1,704
  • Mar 27, 2009 1:41am Mar 27, 2009 1:41am
i use an ibfx realaccount. i didn't update until now. and with mbtrading demo the EA works for 2 days and now no of any of yours EA works.
  • #1,705
  • Edited 3:12am Mar 27, 2009 2:59am | Edited 3:12am
So far your EA works great on IBFX and MB Trading.

Lets see if that grows to over half a million in the next 6 months like in the backtest. Orders are placed just the way they should. Little difference on
MB Trading. Due to smaller spread you often get more open order than on IBFX.

1. MB Trading

http://img183.imageshack.us/img183/8638/grail.jpg

2. IBFX

http://img155.imageshack.us/img155/3775/grail2.jpg

What's intersting is that if I increase the Multiplier from 1.0 to 1.1 it get's way more profitable in October. With the standard stettings
it came out with just about break even in October before taking of. Now it's just going up and up and up. That must have increased the amount of Levels that actually make a profit. With 42 TP and 11 Pips Spacing only the first 4 Levels make a profit if you build up more than that it will lose some money.
  • #1,706
  • Mar 27, 2009 3:04am Mar 27, 2009 3:04am
Quoting Tjpld
So far your EA works great on IBFX and MB Trading.

Lets see if that grows to over half a million in the next 6 months like in the backtest. Orders are placed just the way they should. Little difference on
MB Trading. Due to smaller spread you often get more open order than on IBFX.

What settings is that using? I've been trying to figure out some that work out pretty good... is it the ones you mentioned earlier?
  • #1,707
  • Mar 27, 2009 3:19am Mar 27, 2009 3:19am
EA: NanningBobV1.9
TF: M5
Everytick
Period: Beginning of October till today.

Settings:

TF: 5
ATR: false
Buffer: 13
MAP: 74
SpreadProtection: false
TP: 42
RealTP: 42
Multiply: 1.0 - 1.1 (like I mentioned 1.1 makes it way more profitable without getting margin problems)
Pips: 11
Max Trades: 40
Stoploss: 800 (it's useless so just type in a big number)
Trailstop: 0

Now how much you make only depends on your MM:
For maximum profits I used
MM = 1
Risk = 20
Account = 1
Tested on a MiniAccount MT4. With 1000 USD it will start with 0.2 Minis.

The rest of the settings is irrelevant I turn the alarm of everytime.

That's the maximum you can use. You could use smaller lots for still amazing results.
  • #1,708
  • Mar 27, 2009 3:38am Mar 27, 2009 3:38am
Quoting Tjpld
EA: NanningBobV1.9
TF: M5
Everytick
Period: Beginning of October till today.

Settings:

TF: 5
ATR: false
Buffer: 13
MAP: 74
SpreadProtection: false
TP: 42
RealTP: 42
Multiply: 1.0 - 1.1 (like I mentioned 1.1 makes it way more profitable without getting margin problems)
Pips: 11
Max Trades: 40
Stoploss: 800 (it's useless so just type in a big number)
Trailstop: 0

Now how much you make only depends on your MM:
For maximum profits I used
MM = 1
Risk = 20
Account = 1
Tested on a MiniAccount MT4. With 1000 USD it will start with 0.2 Minis.

The...

Looks far better than all of my testing. Thank you for saving me some work TJ I use a much lesser risk but the setting's results are still mind boggling, as you said.
  • #1,709
  • Mar 27, 2009 3:58am Mar 27, 2009 3:58am
One problem is that the MM Feature is not really efficient.
If you have a Balance of 1000 USD with Risk 20 and Account = 1 it trades 0.2 Lots if you make 2 USD profit the next trade will be with 0.3 Lots because it rounds to 2000 USD balance. So only every 1k in you account it will change the position size. Especially when you start low it will take alot of trades to reach the next 1k and untill then you will only get linear growth. With time and increasing balance your profits per trade will get big enough that you get a new position size every 1-2 trades. That's why it really takes of after some time but the start is always slow.
  • #1,710
  • Edited 4:36am Mar 27, 2009 4:01am | Edited 4:36am
Quoting Tjpld
One problem is that the MM Feature is not really efficient.
If you have a Balance of 1000 USD with Risk 20 and Account = 1 it trades 0.2 Lots if you make 2 USD profit the next trade will be with 0.3 Lots because it rounds to 2000 USD balance. So only every 1k in you account it will change the position size. Especially when you start low it will take alot of trades to reach the next 1k and untill then you will only get linear growth. With time and increasing balance your profits per trade will get big enough that you get a new position size every...
Is this the same if you use the option... micro account then you use like 200 = your 20 ... i think it gets more exact i see like .38 then .42... etc... i don't know.. I'll have to take a look more.

Added: the micro optionis more exact it doesn't work the same way.. I see starting at .20 then .21.. etc. as you increase your account. while the mini option goes increments of .10 i see micro goes in .01... so... a mini MM options works on MB trading... slightly inexact... but the micro option works on IBFx.. if you think about it.. it makes sense, since MB doesn't allow micro.
  • #1,711
  • Mar 27, 2009 5:01am Mar 27, 2009 5:01am
Why didn't I come up with this?
Of course 200 on micro is 20 on mini.
Gives me lower DD on backtests aswell and real exponential growth!
  • #1,712
  • Mar 27, 2009 6:53am Mar 27, 2009 6:53am
Quoting Tjpld
Why didn't I come up with this?
Of course 200 on micro is 20 on mini.
Gives me lower DD on backtests aswell and real exponential growth!
I'm sure you would of had the aha moment over the weekend bored or something. That is normally how it works out for me, haha.
  • #1,713
  • Mar 27, 2009 4:44pm Mar 27, 2009 4:44pm
3.5% ROI in 2 Days with 0.4% Max DD on MB Trading.

Don't know if it's my desired lot size to grow it to 800k in 6 month just want a proof of concept.
No problems with the order placement sofar. Would like some more Leverage on MB Trading which
would certainly help if you want to get really crazy with profits. ^^
But the smaller spread helps alot in trading this pair. Closes Trades way earlier and opens new ones
more often.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #1,714
  • Mar 27, 2009 7:25pm Mar 27, 2009 7:25pm
Is anyone using an EA that limits the trade to the size of the spread? In other words it doesnt trade unless the spread is less than 15 or what ever you set it at. Has any one been using it and what results so far??
  • #1,715
  • Mar 27, 2009 7:52pm Mar 27, 2009 7:52pm
I am using it with limit 20 on the 30x20 EA, although for multiplier 1.8 I believe better setting is around 17-18, probably I will change it from Sunday (see my post here for details http://www.forexfactory.com/showpost...postcount=1556)

It helps but still the EA took losses on 5M mainly cause I traded it on news to watch the effect. The 1H EA did better because it does not open trades as often as the 5M. In any case I wouldn't even think trading live without spread protection, I would use it even on MB trading but with lower setting, since even there I see spread change a lot, although it is always a lot less than InterbankFX.

Quoting nanningbob
Is anyone using an EA that limits the trade to the size of the spread? In other words it doesnt trade unless the spread is less than 15 or what ever you set it at. Has any one been using it and what results so far??
  • #1,716
  • Mar 28, 2009 2:09am Mar 28, 2009 2:09am
Quoting nanningbob
Is anyone using an EA that limits the trade to the size of the spread? In other words it doesnt trade unless the spread is less than 15 or what ever you set it at. Has any one been using it and what results so far??
I'm using the one build-in "der stratege"s NanningBob 1.9 EA. It works great.
While my other demo w/o spread protection opend the trade prematurely the other one waited for lower spread and the order was placed much nearer to my first MA Level.
  • #1,717
  • Mar 28, 2009 4:41am Mar 28, 2009 4:41am
also one thing I found out, if you place spread protection in the EA with low limit, it will not work on the backtester. Seems to me that the backtester assumes a fixed spread, which is around 22-23 pips on InterbankFX for example, so with a limit < 22 it will not open any trades in the backtester.
  • #1,718
  • Mar 28, 2009 5:18am Mar 28, 2009 5:18am
Quoting challenger78
also one thing I found out, if you place spread protection in the EA with low limit, it will not work on the backtester. Seems to me that the backtester assumes a fixed spread, which is around 22-23 pips on InterbankFX for example, so with a limit < 22 it will not open any trades in the backtester.
I'm pretty sure the backtest uses the current spread on the pair. At close the pair spread was 23 on IBFX... so i don't know if you have just been running this backtests during market close or not. I know it kind of sucks and makes it hard to backtest over the weekend with a 23 pip spread you really can see how much a high spread eats away at the profits.
  • #1,719
  • Mar 28, 2009 3:41pm Mar 28, 2009 3:41pm
Quoting Verto
I'm pretty sure the backtest uses the current spread on the pair. At close the pair spread was 23 on IBFX... so i don't know if you have just been running this backtests during market close or not. I know it kind of sucks and makes it hard to backtest over the weekend with a 23 pip spread you really can see how much a high spread eats away at the profits.

That's true. Would be better if you could set a specific spread at the beginning of the backtest. To bad it doesn't record bid and ask in the history.
Especially for pairs with wide spread which changes from 14 to 30 sometimes this would help much. On the EUR/USD it would make that much difference.
  • #1,720
  • Mar 30, 2009 8:39am Mar 30, 2009 8:39am
These settings are working really well. Did you modify the moving average lines displayed on the chart, or is that really necessary? If you did, do you have a template for them.

How is the ATR used?

Thanks for sharing.
Field



Quoting Tjpld
EA: NanningBobV1.9
TF: M5
Everytick
Period: Beginning of October till today.

Settings:

TF: 5
ATR: false
Buffer: 13
MAP: 74
SpreadProtection: false
TP: 42
RealTP: 42
Multiply: 1.0 - 1.1 (like I mentioned 1.1 makes it way more profitable without getting margin problems)
Pips: 11
Max Trades: 40
Stoploss: 800 (it's useless so just type in a big number)
Trailstop: 0

Now how much you make only depends on your MM:
For maximum profits I used
MM = 1
Risk = 20
Account = 1
Tested on a MiniAccount MT4. With 1000 USD it will start with 0.2 Minis.

The...
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