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Nanningbob 60x90 EA

  • #2,181
  • Edited 1:59am Jul 6, 2009 1:44am | Edited 1:59am
Quoting nanningbob
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.
100x180 is an ingenious variation of 60x90, I am finding out now.
I am looking forward to BB variation as I feel it provides much more accurate turning points.
I have a question, if there is profit overall for all pairs, do you close and start afresh or wait for individual TPs?

Thanks.
"Put all your efforts in becoming effortless"
  • #2,182
  • Jul 6, 2009 3:09am Jul 6, 2009 3:09am
Quoting IamTHAT
100x180 is an ingenious variation of 60x90, I am finding out now.
I am looking forward to BB variation as I feel it provides much more accurate turning points.
I have a question, if there is profit overall for all pairs, do you close and start afresh or wait for individual TPs?

Thanks.
I do individual TP. For instance many times several pairs of a currency pair will line up, for example gbp/usd, gbp/chf, gbp/jpy will all qualifiy as buys. I will do all three and then when the white line hits the top I will tp gbp/usd, gbp/chf but will ride the gbp/jpy after making sure I cant lose money by bringing my stops up. Other times I will close 50or 60% of the lots and let all three run. So that is how I do it most of the time. However, I have on Friday's or before some news announcement seen a total profit at the bottom and then taken a close all. I especially will do this if I see one or two currencies heading for trouble and use the overall profit to cancel them out.

I have also done this with losing trades. If it looks like the NZD or CAD are doing one of their long runs, I will close two of them as losers and see if i can ride out the third one for a no loss trade or 2 of the three. Having all three go bad on you can damage your margin so I will only play with one and just close the other two. Just some ideas.
  • #2,183
  • Jul 6, 2009 6:11am Jul 6, 2009 6:11am
Quoting nanningbob
I do individual TP. For instance many times several pairs of a currency pair will line up, for example gbp/usd, gbp/chf, gbp/jpy will all qualifiy as buys. I will do all three and then when the white line hits the top I will tp gbp/usd, gbp/chf but will ride the gbp/jpy after making sure I cant lose money by bringing my stops up. Other times I will close 50or 60% of the lots and let all three run. So that is how I do it most of the time. However, I have on Friday's or before some news announcement seen a total profit at the bottom and then taken...
Hi Bob,
Interesting philosophy, I have been doing something similar at times on the 60x90 system.
Anyway, I want to thank you for posting the 5 digit version of the 180x100 over the weekend, it appears to be working fine, certainly better than my modified 4 digit version.
Thanks again
PipBear
  • #2,184
  • Jul 6, 2009 6:42am Jul 6, 2009 6:42am
Quoting PipBear
Hi Bob,
Interesting philosophy, I have been doing something similar at times on the 60x90 system.
Anyway, I want to thank you for posting the 5 digit version of the 180x100 over the weekend, it appears to be working fine, certainly better than my modified 4 digit version.
Thanks again
PipBear
To me one of the strongest signs of a good trade is when all or most of a currency pair have lined up together giving a buy or sell signal. Another thing I have noticed is before a big news announcement most of the currency groups line up as over bought or oversold, it is like a big predictor that is almost, I said almost, tells which way the news story will go. When they are in the middle the market has no idea which way the news story will go but when those red white and blue lines are all lined up one side or the other side of the 15/85 line that is a good sign of where the market is planning on going. Remember I said, ALMOST. I have tried it enough times to do well but got clobbered a couple times to know.
  • #2,185
  • Jul 6, 2009 12:18pm Jul 6, 2009 12:18pm
Quoting nanningbob
Try the compile button and then run it through the tester and see if it gives you multiple levels.
Tried that and playing around with settings but still no second levels.
There's nothing in the platform settings that would prevent more than one open trade, in the same direction at once is there?
You don't have to be right, just don't be too wrong
  • #2,186
  • Jul 6, 2009 12:46pm Jul 6, 2009 12:46pm
Quoting El Dee
Tried that and playing around with settings but still no second levels.
There's nothing in the platform settings that would prevent more than one open trade, in the same direction at once is there?
I've seen the same thing. The settings for the EA's currently assigned to your charts are stored in the profile. So even if you change the initialized value for that variable and recompile it, the settings associated with each chart override it. So you'll have to remove the EA from each chart you want to trade it on and drag it over again. Or you can just go in and manually change the max trades to 3 on each chart. Either way, when you open a *new* chart and drag the recompiled EA over, it will have max trades equal to 3.
You are in a maze of twisty little passages, all alike.
  • #2,187
  • Jul 6, 2009 2:17pm Jul 6, 2009 2:17pm
Quoting nanningbob
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.
With the new FIFO rules that will go into effect soon, the 2,4,2 strategy would have to change, right? The third trade in the sequence would be the same lot size as the first trade so according to IBFX, we could only set a SL or TP on the first trade. We would have to be hopefully near the computer to close that third order to get out at break even with the sequence of trades. You could set an alarm but what if you're asleep. I guess we could trade 2,4,3,2,4 dropping the first 2 to add the second 2 and dropping the the first 4 to add the second 4. What do you think?
I called NFA as you suggested and tried to explain to them that this will actually increase the traders risk and the response was a polite," I don't trade forex so I don't know whether this will increase risk to the trader or not." He also said NFA was waiting for a decision from some other agency ( can't remember the name) as to whether they would limit leverage a broker can offer.The guy said he was getting lots of calls complaing about the new rules and that I was one of the more civilized callers. Anyway he gave me an email address for Joseph Bata [color=blue][email protected][/color] and said joseph is more involved in the decision making when it comes to the new rules and that I should voice my complaints to him. I also found an 800 number for NAFA- 1-800-621-3570
Don't know if you've heard this but IBFX says they will be opening a new branch in Singapore in approx. 8 months. They can't tell me yet what leverage they will offer but if it's not at least 400:1, I'll be looking elsewhere.
  • #2,188
  • Jul 6, 2009 2:29pm Jul 6, 2009 2:29pm
Quoting El Dee
Tried that and playing around with settings but still no second levels.
There's nothing in the platform settings that would prevent more than one open trade, in the same direction at once is there?
Email your version of the EA and I will look at it. [email protected]
Something is not right. It should still work at 2.
  • #2,189
  • Jul 6, 2009 4:53pm Jul 6, 2009 4:53pm
Quoting stevegee58
I've seen the same thing. The settings for the EA's currently assigned to your charts are stored in the profile. So even if you change the initialized value for that variable and recompile it, the settings associated with each chart override it. So you'll have to remove the EA from each chart you want to trade it on and drag it over again. Or you can just go in and manually change the max trades to 3 on each chart. Either way, when you open a *new* chart and drag the recompiled EA over, it will have max trades equal to 3.
Thanks Steve - that might be the solution; when I've loaded the profile I've had to then drag each chart in because they won't auto-load - I've done that now so I'll leave them running and see if any 2nd levels open overnight.
Bob - I've emailed you but it may be worth waiting to see if this sorts it out.
Thanks guys.
You don't have to be right, just don't be too wrong
  • #2,190
  • Jul 6, 2009 5:35pm Jul 6, 2009 5:35pm
Bob,

I downloaded your 80x100 EA posted on the 1st page and wnated to confirm your settings. Are you using 2 or 3 levels and is your multiply set @ 1.6?

TimeFreedom
  • #2,191
  • Jul 6, 2009 9:37pm Jul 6, 2009 9:37pm
Quoting TimeFreedom
Bob,

I downloaded your 80x100 EA posted on the 1st page and wnated to confirm your settings. Are you using 2 or 3 levels and is your multiply set @ 1.6?

TimeFreedom
I use 3 levels if you want to use the 242 recovery system. I use 2 levels if I want to manually enter a third trade level. I do this if the next major S/R is less than 180 pips away. For example on a big news story day I will use 2 levels and not use a third until the JPY session where you usually can get a retrace if price goes against you. Also S/R levels are always made during the JPY session, so I go for my best entrance then for a retrace.
  • #2,192
  • Jul 6, 2009 10:06pm Jul 6, 2009 10:06pm
is there gonna be an update regarding TP and SL's and OCO's with the new NFA stuff? itll still work fine on my GO Markets but all of us with IBFX aswell might run into difficulty...

also to let people know im running a 90x180 in conjunction with Bob's trending strategy (ie the red white and blue stoch,macd)
Grabbing the bull by the horns!
  • #2,193
  • Jul 7, 2009 4:31am Jul 7, 2009 4:31am
Quoting nanningbob
The Aud/Nzd is my most successful hedging system but we cant do that one anymore in the USA.
Hi Bob,
As we can still do this type of trading 'down under', would you be able to please direct me to the info that deals with this strategy.
I wouldn't mind testing it.
I assume that you would have posted details about it somewhere. I tried to search for it, but unfortunately came up with nothing.
Thanks for your continuing support.
PipBear
  • #2,194
  • Jul 7, 2009 4:48am Jul 7, 2009 4:48am
Quoting PipBear
Hi Bob,
As we can still do this type of trading 'down under', would you be able to please direct me to the info that deals with this strategy.
I wouldn't mind testing it.
I assume that you would have posted details about it somewhere. I tried to search for it, but unfortunately came up with nothing.
Thanks for your continuing support.
PipBear
trading audnzd successfully, rookie forum
Grabbing the bull by the horns!
  • #2,195
  • Edited 6:09am Jul 7, 2009 5:52am | Edited 6:09am
Quoting whitegoodman
is there gonna be an update regarding TP and SL's and OCO's with the new NFA stuff? itll still work fine on my GO Markets but all of us with IBFX aswell might run into difficulty...

also to let people know im running a 90x180 in conjunction with Bob's trending strategy (ie the red white and blue stoch,macd)
White,
I was told yesterday by IBFX that when new NFA rule goes into effect ( I think Aug.1st) if you enter another trade with the same lot size you won't be able to place a SL or TP on the second trade until you close the first trade. I'm looking for a regulated (not by NFA) broker offering micro-lots,at least 400:1 leverage, STP dealing desk with plenty of assets. Is this wishfull thinking? Alpari UK would be my choice but they don't take US. citizens. FXCM- only 200:1 leverage, no micro-lots. White I don't know how you do it with Go markets. No micro-lots and 100:1 leverage.
  • #2,196
  • Jul 7, 2009 8:18am Jul 7, 2009 8:18am
I'd advise against panicking and fleeing at the first sign of trouble. We simply don't know what the real fallout from these new NFA rules is going to be. The EA coders out there haven't had a chance to develop work-arounds for these rule changes either. You may find that a little creativity is all it takes to get around whatever inconvenience these rules cause.

I'm taking a wait-and-see attitude for a few months before taking action (if any).
You are in a maze of twisty little passages, all alike.
  • #2,197
  • Jul 7, 2009 11:39am Jul 7, 2009 11:39am
Quoting stevegee58
I'd advise against panicking and fleeing at the first sign of trouble. We simply don't know what the real fallout from these new NFA rules is going to be. The EA coders out there haven't had a chance to develop work-arounds for these rule changes either. You may find that a little creativity is all it takes to get around whatever inconvenience these rules cause.

I'm taking a wait-and-see attitude for a few months before taking action (if any).
Even with the rule changes and assume the worst case scenario, the EAs will be able to have hidden TP and SL. The EA will send the signal when its time to close. As long as you keep your interent connection you will be safe.
  • #2,198
  • Jul 8, 2009 3:37am Jul 8, 2009 3:37am
Quoting whitegoodman
trading audnzd successfully, rookie forum
Thanks for that White
PipBear
  • #2,199
  • Jul 8, 2009 9:07am Jul 8, 2009 9:07am
Quoting nanningbob
When you get to the range of a 4th level or a good support or resistance line is when I start my 242 system. I would turn off the EA, close out my 1st level trade so I only have 2 on the screen. I then manually enter the 3rd level at resistance if a sell or support if a buy. The 3rd level lot is the same as the remaining level which was the 2nd level but is now your first level trade. You are looking for a retrace that gets back to the third level entrance or what is now the 2nd level entrance. So if your first level is 1 lotand it goes against...
Nanningbob, thank you so much for this strategy. I have been trading a ea similar to 180x200 and I am going to use this strategy for a situation I am in right now. Can this be used on a trade that has gone 7 levels, 8 levels, etc? Is there a formula we can use to calculate this out? I like your martingale ea and have been demoing it for 2 weeks. Going live with it soon. Thanks
  • #2,200
  • Jul 8, 2009 10:34am Jul 8, 2009 10:34am
EURJPY just went 3 deep on me. I'm watching this one like a hawk for a possible 242 bail-out.
You are in a maze of twisty little passages, all alike.
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