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Nanningbob 60x90 EA

  • #2,061
  • Edited 2:12pm Jun 16, 2009 12:54am | Edited 2:12pm
Ok here my question how is the ATR used in your swiss army EA. I have been working on learning how to program. And I’m getting there slowly. Mainly with indicators.

Basically
I’m working on trying to build it so it always tries to change to a proper size.
I have an indicator attached and it just gives a number for ATR (average true range) my idea was to…


Takeprofit = (ATR * 3)*Timeframe 240) // I would average it over 60 bars
RatioTakeprofit [] = 8,9,10
RatioTakeprofit [3]
Ratiopips[]= 9, 8, 7, 6;
Ratiopips [1]
Takeprofitcalulater = (Takeprofit/ RatioTakeprofit [3])=
Pipscalulater = ( Takeprofitcalulater * Ratiopips [1])
Pips = Pipscalulate
TimeFrame 240 = 4h
Takeprofit = (ATR * 3)*Timeframe 240) // I would average it over 60 bars

well something like this to modify the takeprofit to the symbols scale and calculate the retractiment OR pips off of that

Ok so if ((ATR*4)timeframe 240)= 120
It would set the takeprofit to 120 and you come up with the pips distance
It divides the takeprofit by RatioTakeprofit [3] which = 12
And multiplys the Takeprofitcalulater by Ratiopips [1] which = 108


So effectively creating a 108x120
if Takeprofit = 100 then 90x100
or if it was 175 then 157.5x175 (rounded up 158x175)
also you can change the ratio of them and not be limited to just 9x10 ratio


And if the ATR goes up then it would scale up too. and we could put a limit of the size so during situations like OCT. it could scale its self out of range. then no trades during OCT


Have I just confused you all


BTW a spike jumping ea could use this kind of math

also i think ATRBands could replace the MA currently used if there is a spike the line moves farther from the center MA check it out.


BTW i'm still not a Coder (my script has massive errors)
Attached File(s)
File Type: mq4 ATR in Pips.mq4   2 KB | 597 downloads
File Type: mq4 ATRbandsV02.mq4   3 KB | 609 downloads
the markets moving, time to get in!
  • #2,062
  • Jun 16, 2009 9:18am Jun 16, 2009 9:18am
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.

Glad to have you back Bob!

Is there something in the code that makes the 60x90 quit working any time it is modified?

Every time I do a mod it won't initiate trades for at least one day.

DMJ or White, have you guys seen anything in there that causes it?

I noticed down near the bottom part of the code before you get to the indicator section that it mentions Sleep. Does that have to do with a sleep mode if modified?

Anyway, glad that you're back Bob and that your internet conn. is working again.

Vincent
  • #2,063
  • Jun 17, 2009 6:09am Jun 17, 2009 6:09am
Quoting silverngold
Glad to have you back Bob!

Is there something in the code that makes the 60x90 quit working any time it is modified?

Every time I do a mod it won't initiate trades for at least one day.

DMJ or White, have you guys seen anything in there that causes it?

I noticed down near the bottom part of the code before you get to the indicator section that it mentions Sleep. Does that have to do with a sleep mode if modified?

Anyway, glad that you're back Bob and that your internet conn. is working again.

Vincent
Is this after you compiled it?? or have you tried turning MT4 off and on again. Never experienced that one.
  • #2,064
  • Jun 17, 2009 11:30am Jun 17, 2009 11:30am
If I can get the math figured out can I get some help with Debugging?
the markets moving, time to get in!
  • #2,065
  • Jun 18, 2009 10:22am Jun 18, 2009 10:22am
There has not been much comment on this effort to produce a more detailed statistical analysis model for price action. I'd like to repeat my appeal for contributors to help with the cost of this effort. So far, I have 3 people including myself that are willing to chip in. If we could get 7 more, that would reduce the cost to around two hundred a piece. This would get us an Excel spreadsheet with formulas and Visual Basic programming which could be applied to any TF data to determine:

1) Compute and compare the simple moving average, exponential moving average, smoothed moving average, and linear weighted moving average and measure the accuracy of each one,

2) Give the probability of a price retracement given a specific time frame, and

3) Calculate the optimum price retracement in pips by computing the buying point below the moving average which would maximize returns.

While we still need to follow Nanningbob's rules, I believe this data will give us the optimum MA to use for each pair and the retracement price that has the highest probability of recurrance. That should allow us to tweak a custom EA for each pair to optimize returns.

Let me know your thoughts and if you want to participate.

Field

Quoting newera
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...
  • #2,066
  • Jun 18, 2009 4:16pm Jun 18, 2009 4:16pm
Quoting newera
There has not been much comment on this effort to produce a more detailed statistical analysis model for price action. I'd like to repeat my appeal for contributors to help with the cost of this effort. So far, I have 3 people including myself that are willing to chip in. If we could get 7 more, that would reduce the cost to around two hundred a piece. This would get us an Excel spreadsheet with formulas and Visual Basic programming which could be applied to any TF data to determine:

1) Compute and compare the simple moving average, exponential...

Hi NewEra,

I think what we need ideally is a way for the ea to determine the real highs and lows before it takes trades - pending orders with maybe some other filters with the ability to close them out if they don't meet the appropriate PA.
  • #2,067
  • Jun 18, 2009 6:32pm Jun 18, 2009 6:32pm
Newera, You are very generous with your time and effort. Thank you. Did you consider using Heiken Ashi candles to determine when to enter a trade,that is,entering when Heiken Ashi candle reverses color. I am looking at 1300 pd. M5 LWMA envelope and only at Eur/Chf.
Vincit qui se vincit.
  • #2,068
  • Jun 19, 2009 5:04am Jun 19, 2009 5:04am
Quoting silverngold
Hi NewEra,

I think what we need ideally is a way for the ea to determine the real highs and lows before it takes trades - pending orders with maybe some other filters with the ability to close them out if they don't meet the appropriate PA.
If you could ever figure out what the real high and low for the day would be every trader in the world would pay you big bucks for that info. I would be interested in that information, do you have it????
  • #2,069
  • Jun 20, 2009 9:47am Jun 20, 2009 9:47am
Quoting nanningbob
If you could ever figure out what the real high and low for the day would be every trader in the world would pay you big bucks for that info. I would be interested in that information, do you have it????
Got Me on that one! LOL

You know what I mean though - perhaps CCI - +200 or -200 or as suggested the Heiken Ashi.

P.S. Never mentioned the high or low of the day
  • #2,070
  • Jun 20, 2009 9:57am Jun 20, 2009 9:57am
Quoting silverngold
Got Me on that one! LOL

You know what I mean though - perhaps CCI - +200 or -200 or as suggested the Heiken Ashi.

P.S. Never mentioned the high or low of the day
I am not too familiar with Heiken Ashi. I am looking at Bollinger Bands as a start off point because the bands will adjust to price movement and right now my 60x90 & 180x100 are fixed systems one size fits all. Starting at the High band or the Low band makes each ea fit each individual currency pair. I am just starting to play with this idea so will see where it takes me. For those who want to play with it, here is one coding idea. I put a 1 shift to keep the bands from running away from you as price moves and the 40MA seems to be a steadier bad width rather than the MA20. Here is a pic, most days they are all level 1 days and you get one solid trade a day. When price runs it stays less than 200 pips past the band so a multi level system of 2 or 3 levels seems to more than handle it. I will demo on 12 pairs starting Monday. Just some ideas.

double Buy1_1 = Bid;
double Buy1_2 = iBands(NULL, PERIOD_H1, 40, 2, 1, PRICE_CLOSE, MODE_LOWER, Current + 0);

double Sell1_1 = Bid;
double Sell1_2 = iBands(NULL, PERIOD_H1, 40, 2, 1, PRICE_CLOSE, MODE_UPPER, Current + 0);

double CloseBuy1_1 = Bid;
double CloseBuy1_2 = iMA(NULL, PERIOD_H1, 40, 1, MODE_SMA, PRICE_CLOSE, Current + 0);

double CloseSell1_1 = Bid;
double CloseSell1_2 = iMA(NULL, 0, 40, 1, MODE_SMA, PRICE_CLOSE, Current + 0);

// if (Buy1_1 < Buy1_2) Order = SIGNAL_BUY;
// if (Sell1_1 > Sell1_2) Order = SIGNAL_SELL;
// if (CloseBuy1_1 >= CloseBuy1_2) Order = SIGNAL_CLOSEBUY;
// if (CloseSell1_1 <= CloseSell1_2) Order = SIGNAL_CLOSESELL;
Attached Image (click to enlarge)
Click to Enlarge Name: usd cad bb.gif Size: 43 KB
  • #2,071
  • Jun 20, 2009 10:08am Jun 20, 2009 10:08am
Right now the coding of this EA is based on pips but I wonder if it could be changed to an MA cross for the close. Does anyone know how to change it?
  • #2,072
  • Edited 1:28pm Jun 20, 2009 12:04pm | Edited 1:28pm
CCI or any other indicators will only provide the degenerate,"second cousins," of the info we are looking for. We want to know when price movement has in fact slowed or reversed. We don't want to anticipate that it will or should slow or reverse because a particular indicator reading has been reached, or on the basis of excursion studies. This is highly perilous in countertrend type trading. So, rather than relying on indicator readings or statistical studies we should observe price (action) itself. Heiken Ashi candles or (2,3) Line Break Charts give us the info we really want. I have a model for Eur/Chf...M15 667 pd. LWMA with envelope. Envelope offset settings:.65,.85,1.05,1.25,1.45, and SL 1.65. This model uses 2 Line Break to signal an entry, eg., when price breaks downward toward mean beyond +.65, sell. If price then reverses and continues up, only sell again when price breaks downward beyond each successive level. Trading like this, death spikes are a thing of the past. TP is the MA value. Typically, the distance between .65 and the mean is about 100 pips, with about 30 pips between levels. Position sizing is very important. It goes like this 1,1.5,2,3,4 and SL. This model produced 1626 pips in 1/09,1220 pips in 2/09,156 pips in 3/09,72 pips in 4/09. No losing trades. No trades in 5/09, or 6/09 yet. To increase trade frequency, I may begin entering at price levels beginning at .45. I would like nanningbob to code this, if he has time. If it works well, it is free to all. This is not trading advice, only my approach to countertrend trading. Pippo
Vincit qui se vincit.
  • #2,073
  • Jun 20, 2009 3:35pm Jun 20, 2009 3:35pm
Quoting Pippopotamus
CCI or any other indicators will only provide the degenerate,"second cousins," of the info we are looking for. We want to know when price movement has in fact slowed or reversed. We don't want to anticipate that it will or should slow or reverse because a particular indicator reading has been reached, or on the basis of excursion studies. This is highly perilous in countertrend type trading. So, rather than relying on indicator readings or statistical studies we should observe price (action) itself. Heiken Ashi candles or (2,3) Line Break Charts...
I understand concepts better if you post a pic of what you are doing. Do you have a screen shot? I then would have to learn how this indicator is programmed
  • #2,074
  • Jun 20, 2009 4:02pm Jun 20, 2009 4:02pm
Heiken Ashi and 3 Line Break indicators are found on Forex Factory website. If you wish,direct me to instructions for posting charts, etc., or PM me with instructions.
Vincit qui se vincit.
  • #2,075
  • Jun 20, 2009 9:26pm Jun 20, 2009 9:26pm
Quoting Pippopotamus
Heiken Ashi and 3 Line Break indicators are found on Forex Factory website. If you wish,direct me to instructions for posting charts, etc., or PM me with instructions.
Dont need the indicators but if you post a screen shot online we can look at it. Put the currency pair and TF you want to use on your MT4. Go to the upper left hand corner and click on file. Click on save as picture, click on active chart, give it a name and save to your desktop.

Then on FF click on post reply, below the posting area there is manage attachements, follow the instructions and post pic with your comment. Good luck.
  • #2,076
  • Jun 20, 2009 9:49pm Jun 20, 2009 9:49pm
Wednesday Afternoon is the FOMC statement. If there are any changes you will see big market moves, however, there probably wont be any changes at this time. Also Bernanke is testifying Thurs morning and if he says something earth shattering the markets can move. Now what I mean by big market moves is they have the potential to go outside the range of the EA. The vast majority of news stories do not. Happy trading.
  • #2,077
  • Jun 21, 2009 10:03am Jun 21, 2009 10:03am
Quoting Pippopotamus
Here is the spine chilling spike in Eur/Chf when large scale unexpected news hit on 3/12/09. We had only one entry (which in fact was a loser at SL). Once it turned back up, HA never reversed within our trading range. We were spared the successive entries at increased position sizes.
If you follow the rules of this system , you shouldn't have taken any trade.
  • #2,078
  • Jun 21, 2009 9:44pm Jun 21, 2009 9:44pm
Quoting Pippopotamus
The method I have shown is a bit different. Perhaps not as good?? Certainly possible. Principally I am trying to show the merits of using either HA or 3LB as aids in determining entries rather than indicators based on price derivitives or on statistical studies. Pippo
why don't you open a new thread ?
  • #2,079
  • Jun 22, 2009 2:04pm Jun 22, 2009 2:04pm
Hello nanningbob,

Thanks for a great system and a great thread!
I'm just new to forex (few months) and have a question about the system:
I'm trying to trade the system for 1.5 months and I hesitate whether it preferable to trade less currencies at level 3 or more with levels 1 or 2? On the one hand, higher level seems more secure, on the other, 4 stop losses on level 3 ate near all of my the profit.
What is the recommended balance?

I'd also like to propose to enrich the user manual with all the important staff from the posts.

Maxim
  • #2,080
  • Jun 23, 2009 8:40am Jun 23, 2009 8:40am
Quoting maximf
Hello nanningbob,

Thanks for a great system and a great thread!
I'm just new to forex (few months) and have a question about the system:
I'm trying to trade the system for 1.5 months and I hesitate whether it preferable to trade less currencies at level 3 or more with levels 1 or 2? On the one hand, higher level seems more secure, on the other, 4 stop losses on level 3 ate near all of my the profit.
What is the recommended balance?

I'd also like to propose to enrich the user manual with all the important staff from the posts.

Maxim
That is why you demo to find out what you like. Some people use this with one currency and trade higher lots. Some use a few and some like me like to trade 15-20 at a time. That really is an individual choice thing. What do you feel comfortable with. I like to try to trade many currencies with very small lots so no one currency can hurt me deeply but then profits are slow. So hard question for me to answer. When I put this out I put it out as a one size fits all but there really is not such thing. Many have made adjustments according to what currencies they like to trade and the time of day they are active. I live in China so I am asleep during most of the USA session. Because it usually has the biggest moves I trade small so if things go bad I dont lose my account and I use the JPY session retracements to bail me out. Just my trading style based on where I live. This style does not fit most of the traders here but they still learn from my experiences. Wish I had a better answer but the best I guess is to get a good mix of different pairs so you are not too heavy invested in any one currency group. In other words dont just trade USA or Euro pairs but have a mix of them for diversity.
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