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Nanningbob 60x90 EA

  • #1,681
  • Apr 5, 2009 7:56am Apr 5, 2009 7:56am
Quoting qz10cq
W, Bob has a 30m stoch 14/3/3 setting in his EA. I don't know how much influence it has on the trade? He has it set to 90/10 which should filter those spikes that your talking about. Bob's a pretty sharp cookie. The perfect storm exists for anything we can come up with which means all systems will fail. I personally feel Bob's EA here with settings I can live with is getting close to that grail we are all looking for.
Using Stoch > 90 or < 10 doesnt work. This has all been tried before with grid trading systems. Just put the stoch filter in and back test it. It doesnt even work with Stoch > 95 or < 5. News statements blow accounts at some point.

The only methods, systems that show any kind of long term profit are ones that place pending orders at the previous days highs and lows.
  • #1,682
  • Apr 5, 2009 8:46am Apr 5, 2009 8:46am
Quoting Toothman
Hey Bob,
Do we just add a 0 to TP and SL? Do we add a 0 to the step (pip) level? What about lot size, does .02 become .2 now? Should we change the slippage from 5 to 50? I'm using the 100x40 1D 02 EA. is there anything else that needs to be changed? Do you think this will change the effectiveness of your EA's?Thanks
Tooth,
I also followed the 'Is this my Holy Grail ea?' thread.i have been demoing various pairs and settings with it using Alpari(5 digit).the effectivness of the ea will not affected.just add 0(zero) to tp,sl,pips and you should be good to go.I am only unsure of slippage since I hardly adjust that.Nonetheless I advise you demo for a few days before recontinuing your live efforts.

Cheers,

charles.
  • #1,683
  • Apr 5, 2009 11:36am Apr 5, 2009 11:36am
Quoting tokyomaster
Using Stoch > 90 or < 10 doesnt work. This has all been tried before with grid trading systems. Just put the stoch filter in and back test it. It doesnt even work with Stoch > 95 or < 5. News statements blow accounts at some point.

The only methods, systems that show any kind of long term profit are ones that place pending orders at the previous days highs and lows.
I don't trade manually with any indicators except price. If an ea is loaded with indicator filters I usually throw it on a chart and see how it performs. I stumbled onto this ea and had great success which is why It's still one of the five I test weekly.

The more I test these systems the more I agree with your high/low based on price, trailing your winners and semi-martingale your lossers.
  • #1,684
  • Apr 5, 2009 5:58pm Apr 5, 2009 5:58pm
Quoting Charlyeze
Tooth,
I also followed the 'Is this my Holy Grail ea?' thread.i have been demoing various pairs and settings with it using Alpari(5 digit).the effectivness of the ea will not affected.just add 0(zero) to tp,sl,pips and you should be good to go.I am only unsure of slippage since I hardly adjust that.Nonetheless I advise you demo for a few days before recontinuing your live efforts.

Cheers,

charles.
Thanks Charles,
Would you have to move the decimal point on the lots also? I trade .02 now so would I need to change that to .2? By the way, I'm up $111 dollars trading that 100x40 EA from that thread (EUR/USD only) since going live with it three weeks ago. It's slow but steady. I'm very happy with the execution of trades so far using this EA with IBFX. Very little to no slippage and one or two requotes that got filled within a couple of seconds.
  • #1,685
  • Apr 5, 2009 6:09pm Apr 5, 2009 6:09pm
This weeks Interest rate news stories:

Aud 1230 on Tues

Gbp 700 on Thurs.

Be very wary with those currencies on those days
Fri is a bank holiday in many European currencies so they maybe slow on that day. Good luck and happy trading.
  • #1,686
  • Apr 5, 2009 6:15pm Apr 5, 2009 6:15pm
Quoting forexisfx
Now, ibfx can miss your TP with even more precision. U may miss your TP by 1 pip in the past but now u can miss ur TP by less than a pip.

I think widening spread was the start of making more money. With this 5 digit stuff, they gonna make more. Who knows what's the next thing they can think of to make more money
forexisfx,
Was wondering why you think 5 digits will make IBFX more money. Thanks
  • #1,687
  • Apr 5, 2009 7:27pm Apr 5, 2009 7:27pm
since the inception of this tread. I suggest accelerating the rate at which positions are opened and closed, as well as the rate at which position size is increased. I am talking exponential increases.
Vincit qui se vincit.
  • #1,688
  • Apr 5, 2009 10:35pm Apr 5, 2009 10:35pm
Quoting nanningbob
This weeks Interest rate news stories:

Aud 1230 on Tues

Gbp 700 on Thurs.

Be very wary with those currencies on those days
Fri is a bank holiday in many European currencies so they maybe slow on that day. Good luck and happy trading.
anybody know if this Friday and next Monday broker open for trading ? Or they close shop for holiday like they did in Christmas ?
  • #1,689
  • Apr 5, 2009 10:38pm Apr 5, 2009 10:38pm
Quoting Toothman
forexisfx,
Was wondering why you think 5 digits will make IBFX more money. Thanks
Just one easy answer to that question is, any changes/upgrade that any business do suppose to make more money. If they don't make more money with the upgrade, than why would they want to change anything ? The reason why they change is to make more money. Very simple. In the past they don't use 5 digit is becoz they don't know any benefit of changing it. Now that they change might be becoz they figure ways to make money with 5 digit.
  • #1,690
  • Apr 5, 2009 10:46pm Apr 5, 2009 10:46pm
Quoting forexisfx
Just one easy answer to that question is, any changes/upgrade that any business do suppose to make more money. If they don't make more money with the upgrade, than why would they want to change anything ? The reason why they change is to make more money. Very simple. In the past they don't use 5 digit is becoz they don't know any benefit of changing it. Now that they change might be becoz they figure ways to make money with 5 digit.
ie the spread isnt fixed anymore so the widening of spreads can be more so now with 5 decimals
Grabbing the bull by the horns!
  • #1,691
  • Apr 5, 2009 10:56pm Apr 5, 2009 10:56pm
Quoting qz10cq
Charvo, I'm using 5m charts with 51 from ma and steps. All pairs with 10 or less for a spread and eliminating the ones that lose till I'm down to 2 or 3, right now I have 6 left.
Thanks a lot, QZ! You are giving us gold mine. I appreciate it truely.
  • #1,692
  • Apr 6, 2009 2:45am Apr 6, 2009 2:45am
Hi White,

I'm testing something similar having tried MACD first as you suggest. It's kinda working. Problem with MACD is it's too slow as a filter here. Schaff trend cycle is a double stoch of MACD and is a bar or two faster but I've found double stoch on trix to be better overall (I call it Trix Trend Cycle). Have some success in dodging spikes, I'm testing on GBPUSD and GBPJPY 5m charts with some success.

Will post some charts if it works out.

Knoxy

Quoting whitegoodman
just a thought to avoid spikes etc etc...


why dont we make it to open the first position that we slap on a macd and the macd has to be heading back down (for a short) and be above a certain distance from the MA to open the first position... this would stop trades opening in a spike...

itd also open trades only when overbought or oversold and be more likely to go in your direction..

just a thought, which may have been hinted at before perhaps...
Aspice, officio fungeris sine spe honoris amplioris
  • #1,693
  • Apr 6, 2009 3:30am Apr 6, 2009 3:30am
Quoting Pippopotamus
since the inception of this tread. I suggest accelerating the rate at which positions are opened and closed, as well as the rate at which position size is increased. I am talking exponential increases.

I have been trying that with larger reentries and with larger mutiplications. For instance you can use a reentry 200 tp 100-180 with a 3 or 4 multiplication. It works well with the more volatile currencies but I have not put enough test time into it to publish it. I am still finding some issues at time. So yes the idea is doable but needs testing.
  • #1,694
  • Apr 6, 2009 3:36am Apr 6, 2009 3:36am
Quoting Knoxy
Hi White,

I'm testing something similar having tried MACD first as you suggest. It's kinda working. Problem with MACD is it's too slow as a filter here. Schaff trend cycle is a double stoch of MACD and is a bar or two faster but I've found double stoch on trix to be better overall (I call it Trix Trend Cycle). Have some success in dodging spikes, I'm testing on GBPUSD and GBPJPY 5m charts with some success.

Will post some charts if it works out.

Knoxy
I have worked with MACD and Sto. Sto changes directions too quickly, it predicts too early direction change. MACD is too slow with direction change, why the 10.3 martingale did not work. I dont know how to program it but a sto crossing the MACD signal line works at least for live trading. Let me know if this interests you and we can get together.
  • #1,695
  • Apr 6, 2009 3:39am Apr 6, 2009 3:39am
everyone talks about the tp-spread-trigger problem. why don't modify the EA, if the tp is only 1-5 spreads away then close the orders. ok you have less profit but you have closed the positions in profit. i think if you have 60 pips profit or 57 pips profit is not much difference. better close 2 position with a little bit lesser profit than to miss the tp and build additional levels and need a recovery mission.

most of the time the spread widening affects the SHORT-TP because it is the ASK-price which changes. the ea have to calculate the bid-price difference to the tp of the short-order. like: if bid +14pips <= short-tp then close all positions. this would simulate a 14 pip spread. but the ea don't have to do it all the times. the ea have the ability to look into the past. and if there are spread fluctuations and the average spread is higher then normal then the EA will simulate the spread for open orders. it is like a fuzzy logic to decide the closing of positions.

what do you all think about it?
  • #1,696
  • Apr 6, 2009 3:41am Apr 6, 2009 3:41am
Quoting Toothman
Thanks Charles,
Would you have to move the decimal point on the lots also? I trade .02 now so would I need to change that to .2? By the way, I'm up $111 dollars trading that 100x40 EA from that thread (EUR/USD only) since going live with it three weeks ago. It's slow but steady. I'm very happy with the execution of trades so far using this EA with IBFX. Very little to no slippage and one or two requotes that got filled within a couple of seconds.
Yes,I dont think you should change that,since 0.2 equals 2 dimes with ibfx.Stick with your 0.02(2 pennies) and keep chugging on.Alpari incidentally has no nano lot facility.

Cheers,

Charles.
  • #1,697
  • Edited 5:54pm Apr 7, 2009 4:39am | Edited 5:54pm
?
Vincit qui se vincit.
  • #1,698
  • Apr 7, 2009 9:38am Apr 7, 2009 9:38am
Quoting Pippopotamus
For example: enter at +-60 with TP back to MA, then at +-90 with TP back to +-60, then at +-105 with TP back to +- 90, SL = exit all at +-112.5. Position sizing, 1x,3x,9x units. Note: last entry needing only 15 pip retrace to hit TP, with 9x orig pos. size. Therefore, for example, if TP hit after third entry: Third entry = 9x15 = 135. Second entry = +-B/E. First entry = +-1x-30 = -30. Trade outcome = +100. Trade outcome if SL hit: 1x-52.5 + 3x-22.5 + 9x-7.5 = -187.5. I think this makes the method more nimble, more proactive, and makes it less likely...
Hmmm. . . Very Good Example . . . Could be very interesting to see in actual forward testing performance.

I especially like the handling of the stop loss hit.

It will take some testing side-by-side with the regular 60x90 and see which performs better over a longer term.
  • #1,699
  • Apr 8, 2009 11:24am Apr 8, 2009 11:24am
wow it's an interesting EA
i only use it from monday till 2 houres ago.
look at this impressive result. at first day i thought profit is token because i use GBP/JPY ...THEN i close GBP/JPY chart and see .. i have seen that it is profitable on all pairs ..i only use 10 pairs..some of positions are closed manually ... because they have psych level or strong resistance on their ways....i am going to use it on my live account next week.
be happy
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  • #1,700
  • Edited 1:11pm Apr 8, 2009 1:08pm | Edited 1:11pm
Hi guys,
I've had the EA on MT4 with alpari and everything was fine and I thought I'll try to see how better the results would be with lower spreads so I've got a different broker with another clean install of MT4 and the EA won't work unless I go to it's settings and select "Ask manual confirmation". But then it is manual, of course.

Any thoughts?
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