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Attachments: Nanningbob 60x90 EA
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Nanningbob 60x90 EA

Quoting nanningbob
Go into the code and check to see if the line that says Max Trades says 3 or whatever number of levels you want. The line is near the top of the code. After you change the number hit compile button at the top and then drag the new EA onto your screen. Save the new template and then put the new template on the currencies you want to trade. If the EA is not compiled right that maybe the problem.

extern double multiply= 1.5;
extern int MaxTrades= 3; // Maximum number of orders to open
extern int Pips= 200; // Distance in...
This is how it looks on mine:

extern double multiply= 1.6;
extern int MaxTrades= 2; // Maximum number of orders to open
extern int Pips= 180; // Distance in Pips from one order to another
extern int StopLoss = 1000; // StopLoss
so that looks ok.

Toothman, no - this pc runs 24/6 with no hibernation
You don't have to be right, just don't be too wrong
Quoting El Dee
This is how it looks on mine:

extern double multiply= 1.6;
extern int MaxTrades= 2; // Maximum number of orders to open
extern int Pips= 180; // Distance in Pips from one order to another
extern int StopLoss = 1000; // StopLoss
so that looks ok.

Toothman, no - this pc runs 24/6 with no hibernation
Try the compile button and then run it through the tester and see if it gives you multiple levels.
Quoting maximf
Hello nanningbob,

I discovered that a new regulation will take effect on 31.07.09.
That regulation forbids the use of stoploss and other limit orders
on US forex broker accounts.
Will you update the 60X90 and other EAs such that they will conform
to that new regulation?

Best regards,
Maxim
I use IBFX. They've told me that as long as multiple orders of the same pair have different lot size, nothing will change. I'm more worried about NFA proposal of limiting leverage. That would make it very difficult if not impossible to use Bob's EA's.
Quoting nanningbob
I am in Orlando finally, got in at midnight, and will be parked in the area for the next 3 weeks. I will try to get to this before Saturday and see if I can get this done for you. Once Saturday hits I will be going to my sons down on the beach and will be busy for a couple of days there. I think I will have time tonight to...
Hi Bob,
Thanks for the reply,
No hurry with the 5 digit setup. Enjoy your holiday.
I certainly cannot figure out why some pairs are doing what they should and some are taking on a trade at the most weird positions. I have, unfortunately, run out of 4 digit brokers for testing.

Bollinger Bands ?
Interesting you should say that, as that thought went through my mind some time ago, but I dismissed the idea as I felt that it was way out of line with the thread you are running. I think that, if you get it together one day, I will be interested in forward testing it - sorry I cannot help as I am not a coder.
PipBear
Quoting PipBear
Hi Bob,
Thanks for the reply,
No hurry with the 5 digit setup. Enjoy your holiday.
I certainly cannot figure out why some pairs are doing what they should and some are taking on a trade at the most weird positions. I have, unfortunately, run out of 4 digit brokers for testing.

Bollinger Bands ?
Interesting you should say that, as that thought went through my mind some time ago, but I dismissed the idea as I felt that it was way out of line with the thread you are running. I think that, if you get it together one day, I will be interested...
The coding is actually simple. If I get time next week I may post a version of it so people can test it on a demo. I will not have time to do it this month which would mean I would not post it until Aug or Sept. I think this will be one I will let you guys test and post. I will put both a 60x90 and a 180x100 variation when I do. So that is what will come up next. Same EAs but the first level trade will be determined by the BB band instead of fixed number. If you want a preview of what it may look like, change a BB to a 40 MA and the top and bottom lines will be your entrance point. I like the looks of it on a 4H chart alot. About 1 or 2 trades a week per currency.
I posted the 5 digit EA folder in the first post. It does not have a profile folder so you will have to load up the currencies you wish to trade yourself. I did add the True MACD indicator which goes in the indicators folder and the CloseAll which goes in the script folder. Those of you who want those two things and download the 4 digit version may want to get those two. I use the True MACD over the MACD of MT4. My templates use the True MACD so if you dont place that indicator in the folder you wont have the read line. Good luck with it and let me know if there are any problems. I am going to my son's place in Melbourne Florida and will see my grandaughter for a couple of days.
is there an issue regarding the coding of these EA's with stop and TP limites being not allowed anymore....


NFA really has dropped the ball over there
Grabbing the bull by the horns!
Quoting whitegoodman
is there an issue regarding the coding of these EA's with stop and TP limites being not allowed anymore....


NFA really has dropped the ball over there
I dont know. Probably you can code them into the EA and it will then send the close signal. As long as you have internet connection you will be able to do that. For instance, MT4 defaults to a Trailing Stop of 15 but you can code in an EA a TS of 5 or 10 and the EA will run the TS then. What stinks is your protections if your internet connection shuts down. For all practical purposes I dont use TS or SL. I mean they are set at 1000 so it is almost like trading without them. When you coutertrade your losers you dont really need SL unless there is an emergency news story out there and you want to protect some of your account from wipeout. It appears to me that the NFA is trying to stop day trading, scalpers, short term positions type trading, etc. The forex was not designed for trading but currency exchange and traders maybe messing up the market and the govt. doesnt like it. So they will slowly stragle the small investor. Anyway that is what it is beginning to look like. As long as I can trade my 4H system I will be fine. That is my bread and butter method of trading. I hit over 75% winners almost every month with that one so I am happy with that. I basically feel my 3 years of training is about up and I have become good enough of a trader to now do some serious funds. That easily puts me into England, Australia or a Swiss account. What is sad about this is the ability of people who really are serious about becoming a trader and using these penny accounts that IBFX and other companies provide so you can practice your trading techniques. I mean my education was cheap compared to the cost of doing 1.00 trades or trading at a lower margin. I mean I could pop a 100 bucks and that would last me several months trading pennies until I got good at this. Imagine being a newbie and you have to have 2000 bucks because you have to trade 50:1 margins. So the NFA sucks.
Next week interest rate is coming up for the Aud on Tues. be wary of trading AUD pairs that day and Thurs. the pound is up. Neither are expected to make major changes but if they do, it can make those currencies pairs go crazy for a while. Happy trading.
Quoting whitegoodman
is there an issue regarding the coding of these EA's with stop and TP limites being not allowed anymore....


NFA really has dropped the ball over there
No issues with IBFX as long as you use different lot sizes so they say.
I traded your 4H 20ma EA from wed. am until market close on fri. and made about $30. Not bad at all for two days of trading. Was demo trading $4300 with 21 pairs (all pairs IBFX offers with a spread of 10 pips or less) at .02 lots, mult. at 2.2. I was closing all trades for TP at support and resistance levels. Had only a few L2 trades kick in. Didn't see my margin level go below 34,800%. Hope to see some L3 trades next week so I can practice the 242 strategy and will prabably go live with it in a few weeks. Will keep you informed. thanks.
Quoting nanningbob
...As long as I can trade my 4H system I will be fine. That is my bread and butter method of trading...
Hey Bob, is the 4H system you say is your bread and butter the 180x100 posted in this thread or the system posted in the "Nanningbob 4H trading system" thread?

Since you've posted several system ideas here, I was kind of wondering which system you considered your core money maker. I never asked before because it seemed tacky but since you volunteered...
You are in a maze of twisty little passages, all alike.
http://www.100forexbrokers.com/high-leverage-brokers

If anyone is looking for high leverage, micro-lot brokers outside of the US. that aren't under NFA, this site lists a bunch of them. Lots of them use the MT4 platform also.
http://www.forexfactory.com/images/attach/mq4.gif i-Breakeven.mq4

This indicator calculates what price would have to retrace to to breakeven. It monitors all open trades on 20 different pairs. I plan to use it with the 242 strategy.
Quoting Toothman
http://www.forexfactory.com/images/attach/mq4.gif i-Breakeven.mq4

This indicator calculates what price would have to retrace to to breakeven. It monitors all open trades on 20 different pairs. I plan to use it with the 242 strategy.
Nice indicator
Quoting Toothman
http://www.forexfactory.com/images/attach/mq4.gif i-Breakeven.mq4

This indicator calculates what price would have to retrace to to breakeven. It monitors all open trades on 20 different pairs. I plan to use it with the 242 strategy.
thanks
change the future, not the past
Quoting stevegee58
Hey Bob, is the 4H system you say is your bread and butter the 180x100 posted in this thread or the system posted in the "Nanningbob 4H trading system" thread?

Since you've posted several system ideas here, I was kind of wondering which system you considered your core money maker. I never asked before because it seemed tacky but since you volunteered...
I trade three live accounts with IBFX. I have one with a large amount of funds but trade very small lots. I never want that one in danger. The other two accoutns I put in small amounts of money and trade various systems I have worked on. Right now I trade two systems live with money. My 4H trading system which is my final product of system I have been using off and on for over 2 years and I use the 180x100 a variation of the 60x90 but with more range and uses higher time frames. My bread and butter has been the 4H trading system. I really loved the Aud/Nzd one also but we no longer can use hedging in the USA. So that is my trading style. The one improvement left for the 100x180 and 60x90 I think is my experiment with BB. That way every currency will be using its own starting point. I hope to post that so you can experiment with it also. So the 180x100 is my most automated live system I use and the 4H is the most hands on system I use. Those are my most successful systems. The Aud/Nzd is my most successful hedging system but we cant do that one anymore in the USA.
Nanningbob

How are you going to deal with this FIFO things that NFA is imposing?

Thanks.
Quoting pogibaby
Nanningbob

How are you going to deal with this FIFO things that NFA is imposing?

Thanks.
I have read several articles and the only thing I am going to hang my hat on is what IBFX has told me. They are the brokers and I am sure they have their lawyers on it. They say first in first out only deals with trades of the same lot size. This should not affect the EA if this is true. If not then we will all scramble to find new brokers outside the USA.
Here write them letters and emails and ask them what the H........ they are doing??
Last time I suggested contacting the NFA and throwing a screaming fit. This time I encourage it:


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