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Nanningbob 60x90 EA

  • #1,981
  • May 13, 2009 4:08am May 13, 2009 4:08am
Quoting nanningbob
The lot size is set at .01 but if your broker does not handle penny trades you need to change it to .10. Let me know if that helps. Even though is says 100 MA it still is set for 50 MA. I just didnt change the name. Sorry.
thanks, it works
it's just i thought there's a problem with my MT4.
but it turns out to be name of the EA in Profiles.


btw. how do I avoid news ?
turn off EA when there's a news coming?
and what's about trade that already opened?
  • #1,982
  • May 13, 2009 6:04am May 13, 2009 6:04am
Quoting guitarz
thanks, it works
it's just i thought there's a problem with my MT4.
but it turns out to be name of the EA in Profiles.


btw. how do I avoid news ?
turn off EA when there's a news coming?
and what's about trade that already opened?
u avoid news by turning off the EA, that why on a sunday u go through the forex calculaotr and outline all the trouble bits of news for the week... for ones with trades already open look to close or keep open at ur discretion...

if ive had a position for over 1-2 days im looking to close anyways
Grabbing the bull by the horns!
  • #1,983
  • May 13, 2009 9:24am May 13, 2009 9:24am
Quoting nanningbob
Good summary and understanding. Thanks. Watch the red white and blue lines they will help you with your exits. I am writing a manual on how to use those 3 lines now.
Hi Bob,

I know we were told NOT to bother you by other members ... but we are missing your input on these forums. Really love this EA of yours, just need to learn how to run it proper...

1. I think I speak for many people on this community ... when I ask ... any progress on the guidelines of these three lines(Stoch and MACD)?

2. Also, has any work been done with the use of the Laguerre indicator. i have found that it works well with two in one window on the 60x90 or 45x90 system (0.55 FAST and 0.85 SLOW).

Also, (0.85) works wonderfully over the three lines in same window in yellow, might be a bit lagging though.

3. Any further news on the use of a RSI filter on the EA?

4. I saw a post of an ATR and spreadfilter (reduces risk and false triggers). Did you see it? Can it help?

5. Also, I found that there is alot more action on a 2H chart than 4H, but pehaps the TP can be 90 or 100. Less risk? The problem when you play with settings like that, the maths on the multiplier throws a spanner into the works, u need more profit to accept higher multipliers, because of the retrace ... especially trending pairs ... or does it become a 135x100 ... am I understanding this correctly?

There are a few more tools, available on forexfactory, that may be of use to everyone...eg. the FFCAL indi, pops news events from Forex Calendar right onto the chart. NEAT for those, stay OUT of the market when the news HITS ... The problem is of course when the chart gets to full of indi's it gets cluterd and confusing...

So I really love ur three lines, it says so much in so little space...just very interested in the application and ur interpratation of it???

regards
cx
  • #1,984
  • May 13, 2009 7:51pm May 13, 2009 7:51pm
Quoting cx007
1. I think I speak for many people on this community ... when I ask ... any progress on the guidelines of these three lines(Stoch and MACD)?
He's looking to realse it around next week or so, from what ive discussed with him...

ive been demo testing it, and its a good deal more powerful, 15% returns this week, only risking roughly 3.5% per trade... its hard to explain but its a good deal different then this current strategy in that its much more manual orientated... ive already got some ideas from my demo testing, on when its best to use etc, but ill await for it to be unveiled before i unlease my thoughts for discussion (not on the system but when its best to use etc....)

be patient the work hes put into it is lengthy, in both time and the introductory document itself... id suggest when we finally get it publicly to read and re-read it a few times

end ramblling /
Grabbing the bull by the horns!
  • #1,985
  • May 13, 2009 11:14pm May 13, 2009 11:14pm
Quoting cx007
Hi Bob,
5. Also, I found that there is alot more action on a 2H chart than 4H, but pehaps the TP can be 90 or 100. Less risk? The problem when you play with settings like that, the maths on the multiplier throws a spanner into the works, u need more profit to accept higher multipliers, because of the retrace ... especially trending pairs ... or does it become a 135x100 ... am I understanding this correctly?
regards
cx
here are my ideas before Bob replies:
It is fun to play around with these settings and find optimal to suit our trading requirements. Each currency pair has its own characteristics and settings. Idea is to get more trades with minimum risk.
I am also trying out out many things and my idea is to select as minimum TP as possible for each pair even with higher multiplication. Another idea I am exploring is STOP orders instead of market orders so that I have the option to cancel it when there is sudden spike or eliminate middle levels.

Anyway, I am eagerly looking forward to Bob's latest EA
"Put all your efforts in becoming effortless"
  • #1,986
  • May 13, 2009 11:52pm May 13, 2009 11:52pm
Quoting IamTHAT
Anyway, I am eagerly looking forward to Bob's latest EA
its not really an EA at all, its more of a system, using similar characteristics such as re-entries and multiplications...
Grabbing the bull by the horns!
  • #1,987
  • May 14, 2009 1:13am May 14, 2009 1:13am
Quoting IamTHAT
here are my ideas before Bob replies:
It is fun to play around with these settings and find optimal to suit our trading...
Cool, thanks for the input ... and communication ... will try...and look forward to manual system.
  • #1,988
  • May 14, 2009 4:54am May 14, 2009 4:54am
Quoting whitegoodman
ive been demo testing it, and its a good deal more powerful, 15% returns this week, only risking roughly 3.5% per trade...
3.5% per trade as in per currency pair ? Or all the currency pair you trade ? Btw , how many currency pair u trade ?
  • #1,989
  • May 14, 2009 5:00am May 14, 2009 5:00am
in regards to the 60x90 EA, can i put the 5 min EA on a 1 min chart? if not, what could i do to run an EA on a 1 min chart? thanks for any help
change the future, not the past
  • #1,990
  • May 14, 2009 8:01am May 14, 2009 8:01am
Quoting forexisfx
3.5% per trade as in per currency pair ? Or all the currency pair you trade ? Btw , how many currency pair u trade ?
i risked 3.5% per currency pair, i traded maby up to 10 at one time, up like $400 on a 3k account this week....

keep in mind this is demo testing and would definatly not be as laissez-faire with my trading live..

their is a fair amount of optimisation that can be done to suit risk appetities, ideal settings etc.. thats the last ill speak on the matter... you shall all be in for a treat I think when Bob's shows you soon.
Grabbing the bull by the horns!
  • #1,991
  • May 14, 2009 8:03am May 14, 2009 8:03am
Quoting 137
in regards to the 60x90 EA, can i put the 5 min EA on a 1 min chart? if not, what could i do to run an EA on a 1 min chart? thanks for any help
you have to go to the bottom of the code where it has what time frame it takes signals off... i only trade off the 5min chart myself and adjust setting accordingly... i keep the 5min chart constant, I change the moving average and distance from MA for first entry as my variables...
Grabbing the bull by the horns!
  • #1,992
  • May 14, 2009 5:15pm May 14, 2009 5:15pm
Remember, IBFX goes 5 digits this weekend.
  • #1,993
  • May 14, 2009 6:18pm May 14, 2009 6:18pm
I will post the manual this weekend. It is almost done. WhiteGoodman I have looked at alternitives but the MACD red line is the best one even though it slides. If you understand it does that then you can deal with it better than trying some other lines. Thanks for your input.
  • #1,994
  • May 14, 2009 6:35pm May 14, 2009 6:35pm
Quoting nanningbob
I will post the manual this weekend. It is almost done. WhiteGoodman I have looked at alternitives but the MACD red line is the best one even though it slides. If you understand it does that then you can deal with it better than trying some other lines. Thanks for your input.
yeh i understand what you mean, i havent changed anything like that, ive only adopted different re-entry settings etc...

all looking forward to the weekend, thanks for your tireless work and generosity Bob.
Grabbing the bull by the horns!
  • #1,995
  • May 14, 2009 6:37pm May 14, 2009 6:37pm
Ill second that!!,,,Looking forward to your new project,,,Thanks!!!
  • #1,996
  • May 14, 2009 7:35pm May 14, 2009 7:35pm
Quoting Toothman
Remember, IBFX goes 5 digits this weekend.
I just chatted with a representative at IBFX, and they have no specific date set for moving live accounts to 5 digits. The rep said the NFA is modifying trading rules, and IBFX would like to allow their customers time to ease into these changes rather than add on one more.

Bioquim
  • #1,997
  • May 14, 2009 8:05pm May 14, 2009 8:05pm
I spoke with IBFX on a chat last week, and they said the 5 digit thing was on indefinite hold. Go figure!!
Quoting Toothman
Remember, IBFX goes 5 digits this weekend.
  • #1,998
  • May 15, 2009 3:45am May 15, 2009 3:45am
Quoting cx007
Hi Bob,

I know we were told NOT to bother you by other members ... but we are missing your input on these forums. Really love this EA of yours, just need to learn how to run it proper...

1. I think I speak for many people on this community ... when I ask ... any progress on the guidelines of these three lines(Stoch and MACD)?

2. Also, has any work been done with the use of the Laguerre indicator. i have found that it works well with two in one window on the 60x90 or 45x90 system (0.55 FAST and 0.85 SLOW).

Also, (0.85) works wonderfully over...
Thanks for your compliments. Just a note about my private life. My wife and I came to China to start an International school plus I teach at a local university. I am trying to develop a trading plan that fits my lifestyle. I normally work 10-14 hour days during the school year and often I dont get to answer or help as much as I would like. This summer I get to go home and see my daughter graduate, my son get married, see my grand daughter for the first time and visit friends and family. The truth is there are several guys well versed in my systems and have been able to accurately handle the questions. However, I am coming to the end of my school year here and am ready in June to spend much more time trading. You will see why in my next post. Good luck.
  • #1,999
  • May 15, 2009 3:59am May 15, 2009 3:59am
Here is the book for my red, white and blue system and how to read those lines accurately. I also am taking the 180x200 and adding it on top of the system with some valuable gadgets and gizmos. I want you to read the manual and give me some feed back. Saturday I hope to put the entire package together and post it Sunday. I am looking for two things to answer.

1. Clarity and understanding of the manual. Are there some areas not explained well and you dont understand? Are there enough pics and explanations? Is it clear? Is my English standard enough so that people whose English is a second language can still understand?

2. The second question is do I need to start another thread to post this on. Is it different enough from this discussion to warrant its own thread even though you could use it with the present 180x200. It was the 180x200 with a couple of adaptations that lead to the finalization of this system. Right now I am thinking yes because this manual is a trend following system and this thread is a counter trend system. Anyways let me know.

Thank you guys for all your help and input.

nanningbob

PS. You guys are going to love this. It is not a Holy Grail but it is about as solid of a trading system that I have ever seen. Good luck. White Goodman and toothman if you guys have any notes so far in using this please post your thoughts and results.
Attached File(s)
File Type: doc NANNINGBOB 4H TRADING SYSTEM OFFICE 03.doc   742 KB | 1,084 downloads
  • #2,000
  • May 15, 2009 4:09am May 15, 2009 4:09am
Quoting nanningbob
[...]
typooooo

I think it is a typo.. on step three it says "The numbers used are 14-5-3. We over lay this on the MACD screen and we have a MACD Sto cross indicator." The picture as well as the template you posted for 180x200 use 14-3-5. Close.. but not the same, haha...

I look forward to trying out this new system.
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