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Nanningbob 60x90 EA

  • #1,641
  • Mar 31, 2009 10:52am Mar 31, 2009 10:52am
Quoting Lenoxer
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

Seems you cannot attach to a PM. Here's the .xls for GbpNzd 5min and 60min. Thanks for getting your guy involved.

Field
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File Type: zip GBPNZDm5.zip   1.1 MB | 499 downloads
  • #1,642
  • Mar 31, 2009 1:13pm Mar 31, 2009 1:13pm
NanningBob and others,
After 2 days of furious reading I've finally made through the entire thread. This is a solid idea and I'm impressed that you've managed to stay on topic and keep the ugly side of internet forums out. I opened a demo account to run the original Expert Advisor yesterday and am looking forward to learning more from each of you.
I would like to expand on an idea that Lenoxer, I believe, mentioned a short while ago on using a specific time of day as the zero point to start a progression. While the market never closes there are consistent times of low volume/volatility for each pair. If a time, 0:00 GMT for instance on EUR & USD based pairs and 18:00 GMT for JPY/NZD/AUD pairs, was used then it could also solve another issue someone mentioned of having one fixed stop loss for the entire progession. With the statistics that had been requested about how often a given pair moves a certain distance before retracing a certain number of pips we could then put the first entry just outside of that number, follow the progression as NanningBob has laid out, and get out with a much more limited loss if we were wrong from the outset. Also, I assume that this would be much easier to both research and program since we aren't looking for movement from a moving object that would have to be continuously calculated.
Also, if we can get some strong evidence about the level of divergence and how long it usually takes to revert back to that mean/starting point then the Take Profit levels could be set more accurately for each pair. I believe that this could be a nice improvement since each pair moves at a slightly different velocity and range so why not use some math to optimize for whichever pairs you decided to trade.
Thanks again to Bob, White, Mr. "daddy", and everyone else for all of your intelligent suggestions.
  • #1,643
  • Edited 5:18pm Mar 31, 2009 5:07pm | Edited 5:18pm
hot stopped out for the first time in months... gbpnzd... i have a sneaky suspicion i was margined out on my tiny account with audnzd and audcad also at level 3....

funnily enough on my other account with other pairs i made a killing from level 3 TP's...

mixed bag

EDIT: yeh it seems i margined out on my tiny account... right at the very top of the move it seems hmmmmm, 50 pips away from SL, which would have made nice level 4 profit 2mins later.... good thing its only a testing account
Grabbing the bull by the horns!
  • #1,644
  • Mar 31, 2009 7:01pm Mar 31, 2009 7:01pm
Quoting RisingSun
Hi Pip Parade,

Thanks for taking time to analyze my data.

...

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
Hi Rising ...

Thank you for your well thought out reply. Gotta tell you that one thing I like about this FF Forum is the opportunity to explore projects like this.

Your answers certainly made sense to me and I appreciate the input. I was testing the 3L and had forgotten about the 4L option. The rescue EA's are great so long as the pair retraces before running through the stop loss.

I'm not much of a "news hound" by nature but have seen how it can have a big impact on th is EA. Add multiple pairs and a person can have their hands full tracking everything.

I've backed my testing down from multiples to a single pair. Been running the GBP/JPY solo for a few days with good results. Closing at least 1 trade per day with nothing higher than 3rd level. A guy could do well with something that is steadly consistent ... perhaps this will be it.
  • #1,645
  • Mar 31, 2009 8:09pm Mar 31, 2009 8:09pm
guys i think the perfect pair for this might be the eurdkk.... it ranges very well and the spread aint too bad... i'll see how testing goes
Grabbing the bull by the horns!
  • #1,646
  • Apr 1, 2009 1:57am Apr 1, 2009 1:57am
Dear White,

Interesting idea. My eSignal is showing a 5-6 point spread.
Using monthlies, weeklies, and dailies, virtually no trend showing at all---I assume this is what you're mentioning. Why should that be? But, the chart looks quite illiquid to me. What do you say about that?

Thanks, and good thinking,

Lenoxer
  • #1,647
  • Apr 1, 2009 2:05am Apr 1, 2009 2:05am
Quoting Lenoxer
Dear White,

Interesting idea. My eSignal is showing a 5-6 point spread.
Using monthlies, weeklies, and dailies, virtually no trend showing at all---I assume this is what you're mentioning. Why should that be? But, the chart looks quite illiquid to me. What do you say about that?

Thanks, and good thinking,

Lenoxer
yes it is quite illiquid from the looks of it but it still moves in a pretty tight range.... ive been looking at doing maby enter 20pips away, 15x30 for 4 or 5 levels
Grabbing the bull by the horns!
  • #1,648
  • Apr 1, 2009 2:09am Apr 1, 2009 2:09am
if u want tight range, look at USD/HKD. The picture below is 1H TF. It's really 1H.
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  • #1,649
  • Apr 1, 2009 2:25am Apr 1, 2009 2:25am
Quoting forexisfx
if u want tight range, look at USD/HKD. The picture below is 1H TF. It's really 1H.
isnt this the type of pair this ea is made for???

is the illiquidness that much of an issue?
Grabbing the bull by the horns!
  • #1,650
  • Apr 1, 2009 5:38am Apr 1, 2009 5:38am
Quoting forexisfx
if u want tight range, look at USD/HKD. The picture below is 1H TF. It's really 1H.
Hmmm, looks like IBFX doesn't offer that pair.
  • #1,651
  • Apr 1, 2009 9:00am Apr 1, 2009 9:00am
Notice the points where it had dropped . . . that was where I had manually interfered and closed out trades.

Note: If one can't make money with a small amount then it is highly unlikely that one could make it with big money.
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  • #1,652
  • Apr 1, 2009 2:17pm Apr 1, 2009 2:17pm
Quoting silverngold
Notice the points where it had dropped . . . that was where I had manually interfered and closed out trades.

Note: If one can't make money with a small amount then it is highly unlikely that one could make it with big money.
i look at your graph and it looks like you started at $360.00 ish and in 20 days you are close to 460 ish so in one month you made $100.00 ish off 360.00 thats not all that bad is it daddy

i guess if i had 4 million and made 1 million on it in 20 days that would be ok with me.
the markets moving, time to get in!
  • #1,653
  • Apr 1, 2009 2:23pm Apr 1, 2009 2:23pm
Quoting forexisfx
if u want tight range, look at USD/HKD. The picture below is 1H TF. It's really 1H.
who's the broker you got that from and whats the spread?
the markets moving, time to get in!
  • #1,654
  • Apr 1, 2009 6:00pm Apr 1, 2009 6:00pm
Quoting dmjservices
who's the broker you got that from and whats the spread?
i have usdhkd on my go markets , spread is bout 9ish from memory...

i was skyping with verto and discussing it, the fear regarding illiquidity is that it could spike ... not that their is any spikes really on the graphs... we noted a 'spike' on the eurdkk in December for 100 pips lol...
Grabbing the bull by the horns!
  • #1,655
  • Apr 2, 2009 12:04pm Apr 2, 2009 12:04pm
Quoting qz10cq
Yeah playing a system that can lose you 10,000 + pips in a few days dosen't sit right for me. Changing it around a little with a 36/54 and stop loss of 180, multiplier set at 2. I'll keep you guys informed....Dan
Adjusted Bob's ea to a 34tp, 51step, 152sl, 5 pairs, 3 levels means -510 when it losses. Lost once, 27 wins, up 429 starting on 3-29. My thinking is I don't care if it loses as long as it wins overall. Trying to never lose turns out to be a typical martingale. There is always the perfect storm. Will keep u informed
  • #1,656
  • Apr 2, 2009 7:41pm Apr 2, 2009 7:41pm
Quoting qz10cq
Adjusted Bob's ea to a 34tp, 51step, 152sl, 5 pairs, 3 levels means -510 when it losses. Lost once, 27 wins, up 429 starting on 3-29. My thinking is I don't care if it loses as long as it wins overall. Trying to never lose turns out to be a typical martingale. There is always the perfect storm. Will keep u informed
Yes that is the way to go knowing that no matter what you do there is always the perfect storm. Just a matter of winning more than the occasional loss, that is the tricky part. Good luck.
  • #1,657
  • Edited 1:29am Apr 3, 2009 1:17am | Edited 1:29am
Hi everyone. I'm new to this forum and thread, and pretty new to Forex (trading since last December). I've been reading this thread for a while, and I have a few questions with regards to this EA. I might be asking for too much, but I hope I can get as many answers as possible
in due time:

1) For a 5-digit broker, what variables to I have to modify? I've been seeing many different answers, but I don't seem to get a clear one that ensures that the EA performs exactly the same on 5 digits. I know SL and TP are pretty standard, but anything else? I've been using FxPro, demo and live, for a while and I don't wish to switch to a 4-digit one. In addition, I kept reading that IBFX is widening its spreads...

2) Do I have to modify the hours based on my broker's time? For example, if FxPro is currently GMT+3 (currently on DST if I'm not wrong), do I have to add 3 to each hour variable?

3) Any specific pair to recommend for a small account? I think I'll probably start with a small account once I go back on live (stuck to demo ever since my account was nearly wiped...very big mistake to put an EA immediately on live), and trade on just 1 pair. Any variables to take note of when fitting the EA to a small account (like MaxTrades for example)? In addition, any additional pointers to take note of when going live on a small account with this EA?

Once again, I hope I'll be able to get my questions answered. Thanks in advance!
  • #1,658
  • Apr 3, 2009 2:40am Apr 3, 2009 2:40am
Quoting qz10cq
Adjusted Bob's ea to a 34tp, 51step, 152sl, 5 pairs, 3 levels means -510 when it losses. Lost once, 27 wins, up 429 starting on 3-29. My thinking is I don't care if it loses as long as it wins overall. Trying to never lose turns out to be a typical martingale. There is always the perfect storm. Will keep u informed
This is an interesting TP setting. You will have more winning trades at the expense of range.
Which are the pairs you are using? Please keep posting your results.
"Put all your efforts in becoming effortless"
  • #1,659
  • Apr 3, 2009 6:48am Apr 3, 2009 6:48am
Quoting IamTHAT
This is an interesting TP setting. You will have more winning trades at the expense of range.
Which are the pairs you are using? Please keep posting your results.
Up another 100 overnight. 34tp is keeping with Bob's 60x90 ratio and the 51step comes from a different semi-martingale 7 sequence ea that continues to win for me. Will trade thru the NFP this morning although I don't think I have enough room with the steps. I'll keep the thread informed....Dan
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  • #1,660
  • Apr 3, 2009 8:12am Apr 3, 2009 8:12am
Interbank FX is introducing 5th decimal pricing!

As part of our continuing commitment to delivering the optimal customer experience we are introducing 5th decimal pricing on our currency pairs. The 5th decimal prices will be available on our demo servers on Sunday afternoon at 6pm EST on April 12th, 2009 and will be available on the live trading servers on Sunday afternoon at 6pm EST on May 17, 2009.

Has anyone adjusted the eas for 5 digits? Do we just need to add a 0 to the tp, sl and step settings to make it work?
Thanks..
gerri
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