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Nanningbob 60x90 EA

  • #2,041
  • May 30, 2009 2:18am May 30, 2009 2:18am
Quoting nanningbob
The only reason I use the 180x200 over the 60x90 is because it has more range and needs less funds to operate. I have not gotten even a worried look from margin usage yet, even though I am trading it with only 250 dollars and about 18 currencies. I am finding that the occasional dropping of a level keeps my margin under good control. I may switch my IRA's over to this this summer and trade extremely conservatively. I have hit over 20% two months in a row but I could easily trade an amount where it stays in the 3-5% and for an IRA that would be tremendous...
well my margin is not even an issue either cos i have been using proper risk levels... 10% at worst (presuming i dont use recovery settings)...

question... with the 180x200...

20 MA, 4hr chart, 50 pips away from ma, how many levels and what multiply?
Grabbing the bull by the horns!
  • #2,042
  • May 30, 2009 10:34am May 30, 2009 10:34am
Quoting whitegoodman
well my margin is not even an issue either cos i have been using proper risk levels... 10% at worst (presuming i dont use recovery settings)...

question... with the 180x200...

20 MA, 4hr chart, 50 pips away from ma, how many levels and what multiply?
What I have been using is 2 levels and then using support and resistance levels if needed after that. Multiplication is 1.6 for the second level and then I use the 2424 I explained earlier. Here is a pic of eur/jpy notice how in a 4 week period how it keeps crossing the MA 20 back and forth instead of running up deep into the levels.
Attached Image (click to enlarge)
Click to Enlarge Name: eur jpy 50 x 180 x 100.gif Size: 27 KB
  • #2,043
  • May 30, 2009 5:54pm May 30, 2009 5:54pm
Hi all
For some time I'm using the original system from the 1st post on GBPUSD with good results. But during the backtesting I'm losing. I know that sometimes manual interwention is required and this cannot be tested
For example there is no retrace on 12 and 13 of January and stop loss is executed. Do you remember what has happend these days ? I'm not sure if I would closed my transactions before the stop loss
  • #2,044
  • May 31, 2009 4:06am May 31, 2009 4:06am
Quoting rizi
Hi all
For some time I'm using the original system from the 1st post on GBPUSD with good results. But during the backtesting I'm losing. I know that sometimes manual interwention is required and this cannot be tested
For example there is no retrace on 12 and 13 of January and stop loss is executed. Do you remember what has happend these days ? I'm not sure if I would closed my transactions before the stop loss
Hi Rizi, thanks for your question. I spent about an hour researching your question and I will try to do my best to answer it. First the problem is the GBP/USD is to be run on a 5M chart and I cant get my MT4 with IBFX to go back that far. There fore I can only give you my best guess off of the 15M chart of what might have happened that day. It will really depend on when you turned on the EA and exactly when the first entrance actually happened. Here is what I found out.

That run was over 550 pips from about the first entrance line. During its run it had 8 retraces I found on the 15 minute chart. 121,61,65,53,71,64,82,82. Only the first one would have given you a guaranteed hit on a retrace. The rest are maybes depending on where the reentrances happened. This is one of those trades that you recongnize that you are in trouble and you take a retrace and try to get out with the smallest loss possible. That is a key to this system. Knowing you are in trouble and getting out before the damage is too big. It is one of the reasons I have only 3 levels in the system and then recovery EAs. You determine how much risk you are willing to take on a trade. If after 3 levels you dont like what you see, you get out. The skill of this system is doing it on a retrace so you minimize your losses. That is the key.

I now trade only 2 levels and begin using support and resistance lines to determine what I do next. If it runs through a major S/R point I will get out and minimize my loss. I also now use the 180x200 with a 20MA because I am now on a 4H chart and have a better view of what price has been doing over the last 4 weeks. I also find the S/R lines to be very solid for making decisions in staying in or getting out.

In the pic below is the same trade using the 20 MA on the 4H chart entrance evey 180 pips. You can see this trade went 4 levels and then hit major support lines. The two yellow lines are first entrance and 4th entrance. The two pink checks is where price entered and the second where price turned around. I also drew two support lines as dotted gold lines. Price did retrace at that point and would have been a deep but doable trade. Probabaly under today's trading method I would have dropped the first entrance and played for a break even with the rest. My conclusion is the 60x90 would have been a losing trade after one profitable trade with how big of a loss depending on where in a retrace you would have taken the loss. That is the skill you need to develop in this system.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd 20ma.gif Size: 36 KB
  • #2,045
  • May 31, 2009 7:43am May 31, 2009 7:43am
  •  kof91
  • | Joined Apr 2009 | Status: You only lose what you cling to. | 13 Posts
Hi all,

I have been trading with some success with both EA posted on this thread. Thanks Nanningbob for these EAs and everyone that contributed.

I have a question for 60x90 EA. I have been manually closing all my trades starting from Friday morning. Leaving only trades that cant be close to ride over the weekend. How does the parameter TradeOnFriday actually work?

Another question for 180x200. Which part of the code should I look at to modify to 4H 20MA 50x180x100 as per screen shot showed by Nanningbob. Would this system still be updated? I personally prefer 180x200 due to lower drawdown which is easier to my heart.

Thanks!
  • #2,046
  • May 31, 2009 10:15am May 31, 2009 10:15am
Quoting kof91
Hi all,

I have been trading with some success with both EA posted on this thread. Thanks Nanningbob for these EAs and everyone that contributed.

I have a question for 60x90 EA. I have been manually closing all my trades starting from Friday morning. Leaving only trades that cant be close to ride over the weekend. How does the parameter TradeOnFriday actually work?

Another question for 180x200. Which part of the code should I look at to modify to 4H 20MA 50x180x100 as per screen shot showed by Nanningbob. Would this system still be updated?...
I will post my 2nd version of the 180 x 200 tomorrow after I get home from work. I think it works well the way it is and doesnt need any more tinkering. The only real difference between the two is the MA with a quicker getting in response.
  • #2,047
  • May 31, 2009 6:08pm May 31, 2009 6:08pm
Quoting kof91
Hi all,

I have been trading with some success with both EA posted on this thread. Thanks Nanningbob for these EAs and everyone that contributed.

I have a question for 60x90 EA. I have been manually closing all my trades starting from Friday morning. Leaving only trades that cant be close to ride over the weekend. How does the parameter TradeOnFriday actually work?

Another question for 180x200. Which part of the code should I look at to modify to 4H 20MA 50x180x100 as per screen shot showed by Nanningbob. Would this system still be updated?...
You can change the MA to 20 and the + - to 50 from 90. The TP can change to 100 if you want.
  • #2,048
  • Jun 1, 2009 12:09am Jun 1, 2009 12:09am
  •  kof91
  • | Joined Apr 2009 | Status: You only lose what you cling to. | 13 Posts
Quoting nanningbob
You can change the MA to 20 and the + - to 50 from 90. The TP can change to 100 if you want.
Got it.. thanks..

I change the the 51MA shift that is used for the upper bound and lower bound to 21MA as well. Looks almost the same with or without the shift. What is the purpose of the shift?
  • #2,049
  • Jun 1, 2009 12:14am Jun 1, 2009 12:14am
Quoting kof91
Got it.. thanks..

I change the the 51MA shift that is used for the upper bound and lower bound to 21MA as well. Looks almost the same with or without the shift. What is the purpose of the shift?
so that the current MA line don't shift too much
  • #2,050
  • Jun 3, 2009 2:17pm Jun 3, 2009 2:17pm
Just an update on my effort to get detailed price statistics for the 60x90 EA. Here's a link to my previous posts on the efforts so far so you newcomers can get up to speed and as a refresher to the veterans.
http://www.forexfactory.com/showthre...20#post2624120

I found an actuary/statistician to help us with determining the probability of price retracement. I shared with them all of the info in the above threads plus more to get them familiar with Forex and the basis for our strategy. Here is there proposal. My question to the group is twofold. 1) Do you think these are the questions we need to get answered. And, 2) are any of you willing to contribute to the cost of having this work done and getting access to the Excel spreadsheet with all of the formulas. If 10 or more of us go together, we can really cut the cost down. What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: proposal.jpg Size: 66 KB
  • #2,051
  • Jun 6, 2009 4:48am Jun 6, 2009 4:48am
newera,

I think that it would be cheaper and easier to have an indicator programmed in MT4 that
would visually show retracements and also output the data in CSV format so that it can be analysed in excel.

Example:

Inputs
StartDateTime - The starting point of the data to be used.
Direction - The trade direction BUY/SELL.
InitialMove - The size of the initial move before looking for a pullback.
Pullback - The size in pips of the minimum pullback.

Operation
StartDateTime - 2009/04/01 08:00:00
Direction - BUY
InitialMove - 200 pips
Pullback - 100 pips

1/ Mark the starting date/time with a visual symbol on the chart.

2/ When the price moves above the start point by at least 200 pips, then
retraces by at least 100 pips, mark the start of the retrace and the end
of the retrace with visual symbols on the chart.

3/ When a sequence has completed, record in CSV format, the size of the move before the retrace occurred.

With this information we will be able to determine the size of a move
before a retrace, the number of retraces, and where to place stops.
We can also look on the chart to visually see the moves and retraces.

Just my thoughts on the matter. I'm not volunteering myself to code this at the moment.
Maybe you could post a coding request in the programming forum.

Coder
  • #2,052
  • Jun 8, 2009 7:51pm Jun 8, 2009 7:51pm
Thanks for the feedback. I envision having an indicator written after we've determined the proper formulas to calculate the highest probability of retracement. If you know a coder that is an expert a statistical analysis and econometric statistics, I'd be willing to get them to quote writing an indicator.

Thanks,
Field

P.S. I was hoping some of the other regulars would comment on this effort. How about you Nanningbob, what do you think?

Quoting Coder
newera,

I think that it would be cheaper and easier to have an indicator programmed in MT4 that
would visually show retracements and also output the data in CSV format so that it can be analysed in excel.

Example:

Inputs
StartDateTime - The starting point of the data to be used.
Direction - The trade direction BUY/SELL.
InitialMove - The size of the initial move before looking for a pullback.
Pullback - The size in pips of the minimum pullback.

Operation
StartDateTime - 2009/04/01 08:00:00
Direction - BUY
InitialMove...
  • #2,053
  • Jun 9, 2009 5:06pm Jun 9, 2009 5:06pm
Coding is not a problem. To calculate propability of the retrace I guess you have create a kind of non-linear model of the market and I suppose there're many doctoral thesis about it. I've not heard if they become rich
  • #2,054
  • Jun 10, 2009 7:41pm Jun 10, 2009 7:41pm
Sorry guys but I am having a terrible time with the internet here in China. Here is probably the reason why but I may not be able to post much right now.

BEIJING — China has issued a sweeping directive requiring all personal computers sold in the country to include sophisticated software that can filter out pornography and other “unhealthy information” from the Internet.



The software, which manufacturers must install on all new PCs starting July 1, would allow the government to regularly update computers with an ever-changing list of banned Web sites.



The rules, issued last month, ratchet up Internet restrictions that are already among the most stringent in the world. China regularly blocks Web sites that discuss the Dalai Lama, the 1989 crackdown on Tiananmen Square protesters, and the Falun Gong, the banned spiritual movement.



But free-speech advocates say they fear the new software could make it even more difficult for China’s 300 million Internet users to obtain uncensored news and information.



“This is a very bad thing,” said Charles Mok, chairman of the Hong Kong chapter of the Internet Society, an international advisory group on Internet standards. “It’s like downloading spy-ware onto your computer, but the government is the spy.”
  • #2,055
  • Jun 11, 2009 5:32pm Jun 11, 2009 5:32pm
could someone please link me to the ECN version... Go markets now has currenex feed and its not opening any positions...
Grabbing the bull by the horns!
  • #2,056
  • Jun 12, 2009 7:27am Jun 12, 2009 7:27am
Quoting whitegoodman
could someone please link me to the ECN version... Go markets now has currenex feed and its not opening any positions...
hi whitegoodman,

at your own started thread you could found the NanningBobV1.9. this is the swiss knife of NanningBob EA's. this i made for 5digit and ECN broker. there are also several other option you could use. try it and i promise you will be happy :-) if you have questions to some options then post it under this thread below

http://www.forexfactory.com/showthread.php?t=150514

regards

der stratege
  • #2,057
  • Jun 12, 2009 7:01pm Jun 12, 2009 7:01pm
THANKS der stratege just what i was looking 4.(as go markets changed to ecn).
love this ea, it tests great
daz
  • #2,058
  • Jun 12, 2009 8:57pm Jun 12, 2009 8:57pm
Quoting der stratege
hi whitegoodman,

at your own started thread you could found the NanningBobV1.9. this is the swiss knife of NanningBob EA's. this i made for 5digit and ECN broker. there are also several other option you could use. try it and i promise you will be happy :-) if you have questions to some options then post it under this thread below

http://www.forexfactory.com/showthread.php?t=150514

regards

der stratege
thanks dude totally forgot about that thread
Grabbing the bull by the horns!
  • #2,059
  • Jun 15, 2009 6:30pm Jun 15, 2009 6:30pm
OK I think I am back. After my brother went to the hospital, closing of school for the year, cracking a shin bone in my leg, sending the family back to the USA and the internet being down about 70% of the time for the last 10 days, things are going just fine. I hope to start trading again. Price seems to be quiet right now so probably did not miss much. Sorry for being gone so long.
  • #2,060
  • Jun 15, 2009 6:41pm Jun 15, 2009 6:41pm
Quoting nanningbob
OK I think I am back. After my brother went to the hospital, closing of school for the year, cracking a shin bone in my leg, sending the family back to the USA and the internet being down about 70% of the time for the last 10 days, things are going just fine. I hope to start trading again. Price seems to be quiet right now so probably did not miss much. Sorry for being gone so long.
good to have you back. let's hope your luck turns around!
change the future, not the past
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