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Nanningbob 60x90 EA

  • #1,721
  • Apr 14, 2009 8:28am Apr 14, 2009 8:28am
Quoting tokyomaster
This EA uses a moving average of 80 to determine entry. Would it not be better to use a moving average of 0 instead of 80 ?
moving average 0????????
how!!!!!???? would you please post a sample chart with 0 moving average?
  • #1,722
  • Apr 14, 2009 8:30am Apr 14, 2009 8:30am
Here you go.
Attached Image (click to enlarge)
Click to Enlarge Name: trading.gif Size: 37 KB
  • #1,723
  • Apr 14, 2009 8:36am Apr 14, 2009 8:36am
you mean using 0 moving average lines with 90 pips offset from each other?????
  • #1,724
  • Apr 14, 2009 9:11am Apr 14, 2009 9:11am
Yes, sorry for not explaining very well.
  • #1,725
  • Apr 14, 2009 6:29pm Apr 14, 2009 6:29pm
Hi, QZ, you continue to impress us!

I in fact tried your idea, however, it seems that over long period, it may SLed more than its gained profit.

On the other hand, I found your setting only trade on Asian session might be potentially very safe and profitable.

therefore, i am asking if you let them run non-stop from Sunday night to Thursday evening and still get this great results? or you shut the EA down from time to time besides no trading Friday?

I also noticed that you have 5 pairs left now.

Quoting qz10cq
After being +500 (for that week) on Thursday I decided to trade thru Fridays NFP (demo) which of course loss my profit. After starting new account on 4-06 till now I'm +550 using .1 lots. Had a few losses but winning more than it's losing. Trading thru all major news except NFP. Will keep you informed.
  • #1,726
  • Apr 15, 2009 2:29am Apr 15, 2009 2:29am
Using the default settings, why would orders get closed if they have not hit their TP or SL ?
  • #1,727
  • Apr 15, 2009 4:48am Apr 15, 2009 4:48am
Hi,
If we compare 100x80 vs 60x90, which one can last longer? If we use 60x90, when do we need to "stop" it or simply leave it alone from Mon to Fri?
Happy Trading



Quoting nanningbob
The 60x90 is a countertrend EA. It looks for the exhaustion point of a move and then enters waiting for the retracement.

The 100x80 does a buy and a sell at the same time so no matter what direction price goes it will profit every 100 pips. As long as price stays in a 6-800 pip range it works very well but since Oct. that has made it more difficult. Some people have reported to me that is has worked very well with the Aud/jpy pair for the last 6 months. I am demoing a 180x200 and it looks good in trials so far but we will see over time. I want...
  • #1,728
  • Apr 15, 2009 4:52am Apr 15, 2009 4:52am
Looks good. Which 5 pair are you trading? any specific setting?
Happy Trading



quote=qz10cq;2667663]After being +500 (for that week) on Thursday I decided to trade thru Fridays NFP (demo) which of course loss my profit. After starting new account on 4-06 till now I'm +550 using .1 lots. Had a few losses but winning more than it's losing. Trading thru all major news except NFP. Will keep you informed.[/quote]
  • #1,729
  • Apr 15, 2009 5:04am Apr 15, 2009 5:04am
The following settings look very promising.

MA=5
TF=1M
Levels=3
Pips=50
TP=60
  • #1,730
  • Apr 15, 2009 7:04am Apr 15, 2009 7:04am
Quoting spritz2
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.
Spritz did you ever get this to work the way you wanted?
  • #1,731
  • Apr 15, 2009 7:08am Apr 15, 2009 7:08am
Quoting tokyomaster
The following settings look very promising.

MA=5
TF=1M
Levels=3
Pips=50
TP=60
Hi Tokyo,

MA?
  • #1,732
  • Apr 15, 2009 7:53am Apr 15, 2009 7:53am
Quoting silverngold
Hi Tokyo,

MA?
Moving Average of 5. I changed the code. The DD seems so far to be allot lower using the settings i posted.
  • #1,733
  • Apr 15, 2009 7:53am Apr 15, 2009 7:53am
Tokyo,


Do you mean to set the Moving Average trigger to 5 instead of 80 or do you mean something else entirely different?
  • #1,734
  • Apr 15, 2009 8:04am Apr 15, 2009 8:04am
Quoting silverngold
Tokyo,


Do you mean to set the Moving Average trigger to 5 instead of 80 or do you mean something else entirely different?
The original EA was using a moving average of 80 (hard coded). I changed this to use a moving average of 5.

Also, i changed the code to use 50 instead of 90 pips apart. And it is running on a 1M charts.
  • #1,735
  • Edited 8:52am Apr 15, 2009 8:35am | Edited 8:52am
Quoting tokyomaster
The original EA was using a moving average of 80 (hard coded). I changed this to use a moving average of 5.

Also, i changed the code to use 50 instead of 90 pips apart. And it is running on a 1M charts.
this EA has a different TF for different pairs ....how your EA must be use on 1M ONLY???
could you backtest it first and post your results????
thanks
  • #1,736
  • Apr 15, 2009 8:44am Apr 15, 2009 8:44am
Hi,
Excellent. Could you share the file you have changed? We would like to do some backtesting using your parameters.
Happy Trading


Quoting tokyomaster
Moving Average of 5. I changed the code. The DD seems so far to be allot lower using the settings i posted.
  • #1,737
  • Apr 15, 2009 8:45am Apr 15, 2009 8:45am
Quoting nanningbob
The 60x90 is a countertrend EA. It looks for the exhaustion point of a move and then enters waiting for the retracement.

The 100x80 does a buy and a sell at the same time so no matter what direction price goes it will profit every 100 pips. As long as price stays in a 6-800 pip range it works very well but since Oct. that has made it more difficult. Some people have reported to me that is has worked very well with the Aud/jpy pair for the last 6 months. I am demoing a 180x200 and it looks good in trials so far but we will see over time. I want...
Hi again Bob!

I tried out the 100x80 this morning for the first time demo on a 10k - 100:1 - 1.0 lot.

In the trade box it showed almost every trade in the money, but then it would close out some of those same trades and it would show a negative -$100+ or a -$200 range and in no time flat I was down 1k.

It never got close to 100 pips before trades were closed.

I am not really understanding it. I know that you said that it doesn't seem to work as well now since last Oct., but is that the way it is supposed to function?

BTW, love the 60x90, however did have significant dd due to holiday. I know, should have never got in right before or immediately after.

Vincent
  • #1,738
  • Apr 15, 2009 9:12am Apr 15, 2009 9:12am
Quoting footy
Hi,
Excellent. Could you share the file you have changed? We would like to do some backtesting using your parameters.
Happy Trading
The backtesting will fail, like most EA's at some point. Martingale is not something i would ever use apart from a Demo account.
  • #1,739
  • Apr 15, 2009 3:25pm Apr 15, 2009 3:25pm
a few days ago I posted a thought about this EA placing limit orders instead of market orders. I opened up one of the 15 minute ea's in MQL to learn more about it and saw that it has a setting to place limit orders. Very sweet. Has anyone tried this setting? Results?
  • #1,740
  • Apr 15, 2009 5:38pm Apr 15, 2009 5:38pm
Quoting silverngold
Hi again Bob!

I tried out the 100x80 this morning for the first time demo on a 10k - 100:1 - 1.0 lot.

In the trade box it showed almost every trade in the money, but then it would close out some of those same trades and it would show a negative -$100+ or a -$200 range and in no time flat I was down 1k.

It never got close to 100 pips before trades were closed.

I am not really understanding it....
You have to subtract what you made from what is still left to see what is really going on. It is only logical if you keep banking the profits but keeping the deficit it will get larger. That EA builds your profit line over time. As price goes one way the deficit builds and it collects profit. When price retraces then the deficit gets smaller and your profit takes a jump. That process can take several days. The 100x80 needs lots of margin funds to operate. So let it run for a couple of weeks and watch what happens. After testing it over a period of time its range was not big enough to handle the big moves of the market. I am trying the same thing with a 200x180 with fewer levels which gives it a 1100 pip range. Will see what happens.

The lessons I learned from the 100x80 is where the 60x90 came from. Watching price action profit and DD going both directions led me to the philosophy of the 60x90. I came to the conclusion that countertrading worked better for multi level trading systems than following the trend or trading both directions. It was the most likely to succeed. I also wanted a point of bailout, a place where you could put a stop loss and not destroy your account. Martingale systems that follow the trend always bomb out because it is too late before you realize the trend has changed and now you are deep in the hole. Playing for a retracement has the best chance of succeeding because there is always a group of people who will take profit causing the retrace. At that point we make profit or get out of a deep trade with a small loss.

After watching price action for over 2 years, I have come to the conclusion that super news stories and weekend gaps are the only things that stop this process of regular retracement. I think the trading strategy is sound under normal market conditions. Avoid the super abnormal market conditions and you will be profitable. The only thing left to decide is optimal trading numbers. Trade 4H, 1H, 5M chart and TP, SL, and reentry numbers. These areas are still open for change. As you can see many people are contributing to this study. I am trying several different numbers and ideas. Will see what works best. Thanks for your questions and contributions.
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