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Nanningbob 60x90 EA

  • #1,781
  • Apr 18, 2009 10:04am Apr 18, 2009 10:04am
Quoting nanningbob
I have a program given to me that only enters if the pip spread is a certain amount. For example if it triggers a trade on the EUR/USD but the spread is greater than 2 it wont enter the trade until it is a 2 spread. If however the trade is now less than the trigger will it still enter? I still want the trade to trigger because it was set off but we are going to wait until the spread is at 2. Can we program the EA to do that.

In other words lets say we want the trade to enter 100 points above/below a MA line. The trade is triggered but the spread...

Hi Bob,

Here's the 60-30-10 pdf.

It really opens one's eyes to respond to an ever changing market and how to be almost 100% correct in know the market.

Vincent
Attached File(s)
File Type: pdf 60-30-10.pdf   315 KB | 1,357 downloads
  • #1,782
  • Apr 18, 2009 5:43pm Apr 18, 2009 5:43pm
Modifying the 60x90 gives some good results for 2 weeks tester.
Attached File(s)
File Type: pdf StrategyTester.pdf   111 KB | 618 downloads
  • #1,783
  • Apr 18, 2009 8:19pm Apr 18, 2009 8:19pm
Quoting tokyomaster
Modifying the 60x90 gives some good results for 2 weeks tester.
You used a 1M and tested for two weeks, however if you look at the dates on the trades it only covered 4 days 4-13 to 4-16. No matter what dates you put in for a back test, the MT4 tester only covers a 1M chart for a couple of days. To get a 2 weeks test you would have to use a 5M setting. The farther back in time you go the higher the TF you have to use and the more unreliable your information is. This maybe hard for some of you to believe but the MT4 tester is only accurate for about the last 2 or 3 weeks after that it needs a higher and higher TF to go back farther and farther in time. This leads to less accuracy the farther back you go. Thank you for your report though.
  • #1,784
  • Apr 18, 2009 8:29pm Apr 18, 2009 8:29pm
Quoting silverngold
Hi Bob,

Here's the 60-30-10 pdf.

It really opens one's eyes to respond to an ever changing market and how to be almost 100% correct in know the market.

Vincent
Remember this guy is trying to sell his EA so that is his philosophy. Probably his philosophy information is accurate but that does not mean his EA works. See the above post as to why back tests are inaccurate and have no relationship to a sales pitch of an EA. Live forward testing on a live account is the only accurate way to test an EA. I have only seen one company post live results and they always look great but every couple of months they come out with a new upgraded version. Simply means that the market finally beat it and they had to change. Use an EA that follow the philosophy you like to trade but you will always have to monitor it. I think my EA is a good one but staying out of certain markets is the easiest way to trade it. At this point I see absolutely no way any EA can cover every type of market move. If someone sells you an EA and you really dont know what it is doing, you never know when a disaster is coming. With mine I have tried to be honest with what will defeat it and then avoid those conditions. Anyway just my thoughts. Thanks for the information though I am sure some will find the information helpful in trading. I think his ratios are probably pretty accurate.
  • #1,785
  • Apr 18, 2009 8:37pm Apr 18, 2009 8:37pm
Thanks for your generosity in helping others.
Vincit qui se vincit.
  • #1,786
  • Edited 9:43pm Apr 18, 2009 9:31pm | Edited 9:43pm
Quoting wlp
I've set the EA to trade at .05 lot, but i see some trades have lot size of .06, .1, .45, etc. I just want to know why is that?

Thank you.
Obviously it is not set at .05 for all pairs. It looks like .02 as your lowest lot setting according to your pic on some. Make sure you compile the EA after making changes or putting the EA with changes on every chart. Sometimes when MT4 shuts down or crashes it will use previous settings. I make sure I have saved my new settings to every chart and I save the profile again. I also save the new settings to the default profile. This way if MT4 crashes or my computer shuts down I have saved everything to the settings I want. I also have found out the hard way when updates come down they will mess up settings sometimes when you restart the computer. If I have an update come in, I will not start the update until I have saved my profile. If you dont resave your profiles it will go back to some previous setting or even a different EA I tested previously.
  • #1,787
  • Apr 18, 2009 11:39pm Apr 18, 2009 11:39pm
Quoting tokyomaster
Modifying the 60x90 gives some good results for 2 weeks tester.
thanks tokyomaster.... i took some of your positions too.... EA works as good as possible .....but i don't know why you had 3 hundreds of positions .....it 's too many....but i have the same results approximatley

be happy
  • #1,788
  • Apr 19, 2009 12:48am Apr 19, 2009 12:48am
Thank you Bob. I will re-attach the EA again and continue on testing.

  • #1,789
  • Edited 5:08am Apr 19, 2009 4:53am | Edited 5:08am
Hi,
Is it possible to update the MA parameter (now 80 hardcoded I think) and we can change at the EA setup so we can optimize it?? Since we are using the same EA for level 3/4, can we simply combine them and change it at the setup?
Thank you
  • #1,790
  • Apr 19, 2009 5:24am Apr 19, 2009 5:24am
Hi,
How to adjust the EA so it has "entry delay" can we put this option in the EA?
Thank you
Happy trading


Quoting El Salon
Hi all. It's been a while since I posted anything. I thought I would throw this it to the mix for your consideration.

Ive been looking for No loss settings for some of the bigger movers. The basic Idea is that given the essence of this EA and the Idea behind it we should be able to change the settings so that it works in every possible situation.

The graph attached shows results for EUR/JPY back tested (I know) using over 2 years historical data.

No Losses, biggest draw down 13%. Return on initial balance 67% or a bit over 30% pa. I'm not looking...
  • #1,791
  • Apr 19, 2009 5:52am Apr 19, 2009 5:52am
Hi Bob,
Thank you for a very interesting thread, and also an interesting EA. And thank you for sharing it.
Now that I have finally read through it, I decided to try all the pairs on a 5K demo account, as per your recommendations.
I was away from my computer for a week so it just did what it needed to do by itself. In one week the balance went down to $4574. Hope I can fine tune the pairs so that I am left with a "faithful few".
I am attaching a couple of charts for your comments please.

The first is USDCAD. Can you tell me why the EA went long, when it did, and why did it go at that point.

The second is AUDNZD. I can see level 1 trade to be as per design, but level 2 and level 3, why there, I don't follow!

Any ideas? I would be interested in knowing, as I am a little confused.
Thanking you
PipBear
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad,m15-18apr09.jpg Size: 163 KB
Click to Enlarge Name: audnzd,h1-18apr09.jpg Size: 197 KB
  • #1,792
  • Apr 19, 2009 6:46am Apr 19, 2009 6:46am
You should avoid any pairs where the spread is > 100 (5 decimal).
  • #1,793
  • Apr 19, 2009 7:00am Apr 19, 2009 7:00am
Quoting nanningbob
Remember this guy is trying to sell his EA so that is his philosophy. Probably his philosophy information is accurate but that does not mean his EA works. See the above post as to why back tests are inaccurate and have no relationship to a sales pitch of an EA. Live forward testing on a live account is the only accurate way to test an EA. I have only seen one company post live results and they always look great but every couple of months they come out with a new upgraded version. Simply means that the market finally beat it and they had to change....
Thanks Bob, I too agree with only forward testing as that is the only accurate indicator to true effectiveness of trading systems.

Your dedication to making a great ea is a real credit to you and your thoughtfulness of replying back to every inquiry shows that you really are one of the good people.

The reason why I immediately liked the 60-30-10 principle is because of the mathematical formula given to accurately predict the market.

If one can predict it accurately - then one can trade it effectively - thus having a far higher win ratio and far lower loss ratio.

Furthermore, since it is a mathematical formula it should only be a matter of programming to put into an ea . . .
  • #1,794
  • Edited 8:05am Apr 19, 2009 7:25am | Edited 8:05am
Quoting PipBear
Hi Bob,
Thank you for a very interesting thread, and also an interesting EA. And thank you for sharing it.
Now that I have finally read through it, I decided to try all the pairs on a 5K demo account, as per your recommendations.
I was away from my computer for a week so it just did what it needed to do by itself. In one week the balance went down to $4574. Hope I can fine tune the pairs so that I am left with a "faithful few".
I am attaching a couple of charts for your comments please.

The first is USDCAD. Can you tell me why the EA went long,...
The Aud/nzd has a varying spread and can range from 14 to 40. So if the first line lets say enters with a 14 spread and the second line opens with a 30 spread this will affect the distance. (an extra 16 pips)There is a post earlier called nanningbob v. 1.9. He has put spread control in the program so you should have less problems with it. I am demo testing his program now and if it works this week I will post the different variables.

Another thing, once price enters, the lines are frozen from that point even though price keeps moving and lines keep moving. It will reenter 90 pips from that point throughout that particular trade sequence.

The USD/CAD I cant read the TF but check to see if the EA and chart are the same TF. For example if it is a 30M TF EA make sure the pic you send is also a 30M chart. Sometimes I click to different TF to get an idea of what price action is doing but the EA will always operate off of its assigned TF. So if you have a 30M EA but you are watching on a 1H chart the EA is still operating off the 30M TF but you are watching lines on a 1H chart. An 80 MA on a 30M is only averaging the last 80 bars or the last 40 hours. An 80 MA on a 1H chart is averaging the last 80 bars or 80 hours so the lines will be on different locations. Check to see if that is the problem first.

If that is not the problem go ahead and recompile the program and save your profile and see if it does it again. What broker are you using IBFX?? This is a 4 decimal place program and if you are a 5 decimal broker you could have that problem.
  • #1,795
  • Edited 7:50am Apr 19, 2009 7:39am | Edited 7:50am
Quoting PipBear
Hi Bob,
Thank you for a very interesting thread, and also an interesting EA. And thank you for sharing it.
Now that I have finally read through it, I decided to try all the pairs on a 5K demo account, as per your recommendations.
I was away from my computer for a week so it just did what it needed to do by itself. In one week the balance went down to $4574. Hope I can fine tune the pairs so that I am left with a "faithful few".
I am attaching a couple of charts for your comments please.

The first is USDCAD. Can you tell me why the EA went long,...
I ran the 60x90 originals on a demo and did not take any major hits this last week. So lets see whats up. Check are you with a 5 decimal or 4 decimal broker? IBFX demos are now 5 decimals but their lives are still 4. I did that once and the program lost money for a couple of days until I discovered that was my problem. I hope to be posting an EA that can do both 4 and 5 decimal brokers. It is the nanningbobv1.9 posted earlier in the thread. I plan to use it full time if it continues to past the demo test. It has some great features added by the programmer and is really a good EA. Also, make sure you are not running the gbp/nzd pair it likes to lose with this program as it is. Need different parameters for that pair.
  • #1,796
  • Apr 19, 2009 7:42am Apr 19, 2009 7:42am
Quoting tokyomaster
I will be trading using the following modification this week....

EURUSD & USDJPY

TP=100
SL=500
MA=55
PIPS=150
TF=15M
Levels=3
Multiplier=2
Tokyo,

The settings look pretty good on backtest. Weekly results attached trading minilots back to Oct 07. Provided Dec08 is avoided on EURUSD, the rest looks good. Note the other losing weeks shown on EURUSD are partway through a trade, the next week shows the profit of higher levels.

USDJPY doesn't trade as often with these settings but consistent.

Good luck with the forward testing.

Knoxy
Attached File(s)
File Type: zip BTestWeeklyResult.zip   232 KB | 374 downloads
Aspice, officio fungeris sine spe honoris amplioris
  • #1,797
  • Apr 19, 2009 7:45am Apr 19, 2009 7:45am
Quoting silverngold
Thanks Bob, I too agree with only forward testing as that is the only accurate indicator to true effectiveness of trading systems.

Your dedication to making a great ea is a real credit to you and your thoughtfulness of replying back to every inquiry shows that you really are...
I have read this companies materials and my EA is not too different, more of a simpler version I guess. When the market is not trending but bouncing between two levels this EA works its best. That is usually between the 200 above and below the MA. When the price trends it catches the retracements as it moves up or down the Channel. You are either profiting or closing out with small losses if you recognize them. The one area that is difficult to trade are the super moves caused by major news stories and weekend gaps. These actually are known in advance that this could happen and I recommend just staying out of that market for the day or session. So this EA will capture both trends and squish/squash as he calls it. There just are 2 or 3 days a month you dont trade with my system, thats all. I think his formula is sound and is what I am trying to capture with this EA. It handles all three types of trades within certain limits.
  • #1,798
  • Apr 19, 2009 7:51am Apr 19, 2009 7:51am
Quoting Knoxy
Tokyo,

The settings look pretty good on backtest. Weekly results attached trading minilots back to Oct 07. Provided Dec08 is avoided on EURUSD, the rest looks good. Note the other losing weeks shown on EURUSD are partway through a trade, the next week shows the profit of higher levels.

USDJPY doesn't trade as often with these settings but consistent.

Good luck with the forward testing.

Knoxy
I have similar settings, just a bit wider and it is testing out real well. Keep up the good work.
  • #1,799
  • Apr 19, 2009 9:15am Apr 19, 2009 9:15am
Quoting Knoxy
Tokyo,

The settings look pretty good on backtest. Weekly results attached trading minilots back to Oct 07. Provided Dec08 is avoided on EURUSD, the rest looks good. Note the other losing weeks shown on EURUSD are partway through a trade, the next week shows the profit of higher levels.

USDJPY doesn't trade as often with these settings but consistent.

Good luck with the forward testing.

Knoxy
I have also coded in the following change(s)...

if(Bid > Var5 + (Pips * Point))
{
if(iRSI(NULL,0,14,PRICE_CLOSE,0) < 40)
{
myOrderType=1;//SELL
}
}
if(Bid < Var5 - (Pips * Point))
{
if(iRSI(NULL,0,14,PRICE_CLOSE,0) > 60)
{
myOrderType=2;//BUY
}
}
  • #1,800
  • Apr 19, 2009 10:00pm Apr 19, 2009 10:00pm
Bob, thread this EA has to go on it's own chart and will close all trades when the preset (adjustable) of -1000 hits, it also will protect profits and close all trades no matter what step there on. Advantage could be not going so deep into the steps and controlling your losses. When profit is +100 it protects 50, when it's +200 it protects 100 and increases as profit increases. If you had 10 trades on and had a total 200 profit then it pulled back when it reached 100 profit it would close all 10 trades and you would have to start again. Sort of a basket trade, it could take away those death trades. One is for standard one for mini, couple more that could be useful...Dan
Attached File(s)
File Type: ex4 2ProtectAccount.ex4   4 KB | 362 downloads
File Type: ex4 2ProtectAccount[2].ex4   4 KB | 323 downloads
File Type: mq4 CloseTrades_After_Account_Loss_TooMuch.mq4   3 KB | 339 downloads
File Type: mq4 CloseTrades_After_Account_Profit_Reached.mq4   3 KB | 380 downloads
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