Nanningbob 60x90 EA

If you are only going to use 50 dollars then only use a small amount of pairs. You will probably margin out your account if you use too many pairs. Also go with the low volatility pairs. I would not use the gbp/nzd, gbp/jpy, eur/nzd, with that low of money. Also stay away from the commodity pairs like the aud, nzd, cad with the majors usd, eur, jpy. They have a tendency to run and run without major retraces and you dont have enough margin to use the 2,4,2 escape. Good luck.

Hi Nanningbob,

i am a newbie in this expert advisor thing, can you share with how your e.a. works?

please forward me with your latest version of e.a.

please assist me how to install and activate it

what pairs of currency and and time-frame suitable for your e.a.

your generous assistance is very much appreciated.

thanks

I see several people are talking about using my systems on 1H or 4H charts. All the EAs I have posted run off the 4H chart except the 60x90 which use several TF depending on the currency pair. But my 180x100 and 40MA BB use the 4H no matter what time frame you are watching. Now some of these guys know how to change the TF on the EA to 1H and they maybe doing that. But to cut the confusion if you have downloaded my EAs that I have posted they run strictly on the 4H charts. Now if guys are also testing using the 40MA BB on a 1H and have changed the code to do that, make sure when you report results that you tell us you have done that to prevent confusion. Because I am mostly a 4H chart trader I use my EAs that way. I am most comfortable trading off of a 4H chart and have been successful there. I asked people to test the 40MA BB because it seems like a good idea but I did not have time to test it this summer. You will probably see people using it on other TF and making some changes to see how it works. Good luck.

Oh I am back home from my travels and will begin FT trading again Monday. Didn't have as much time for trading this summer as I thought I would so anxious to get back to the grind again.

I looked at that scenario and thought that going to higher numbers would produce fewer trades with many currencies not even taking trades for weeks at a time. I am hoping as volatility increases the bands will automatically adjust to bigger ranges so we dont have to manually adjust the EA to do that. So if the EUR/CHF stays stable and the GBP/USD goes volatile the bands will widen for gbp/usd but not the Eur/CHF. I am hoping for that improvement in the system. However, we still must be wary of the super news stories that can move price outside the range of the EA and we still can have long non retracing movements like some of the AUD, CAD, and NZD pairs have done recently.

Hi, Newera. If you are going to use the more volatile pairs with BB you may want to widen the reentry levels. Say from 200 to 300. At 4 levels that would give you a 900-1000 pip range above/below a band and you need that with that pair. That is one of the most volatile pairs on the market.

Didnt see any news stories that would make price jump beyond the range of the EA so happy trading this week.

YIKES, that is what this thread is about. Go to post one, download the 60x90 folder and follow the instructions. It is all there. I am using the 180x100 for my live trading from this thread and I am using the Nanningbob 4H trading system on my other live account. You can find all the instructions for that one in post one at that thread. The 60x90 and 180x100 are similar EAs trading a range above and below an MA line. They are basically a countertrend system. Basic philosophy is price always retraces back to a medium. You basically let the ea run and make trades but if price begins to go outside the range of the ea (more than 3 levels) you then use your trading experience to get yourself out of trouble. I use the 2,4,2 system to try to zero out or minimize any losses.

The 4H trading system is a trend following system that catches a 3x3 cross after is signal is given by the crossing of 2 sto lines with the MACD line on a 4H chart. It only uses an ea to enter the trade and after that you manually handle the trade. The manual for that one is over 15 pages long and is a good read. Good luck

Hi Nanningbob,
I guess you could change from 200 to 300. Isn't there a higher likelyhood of getting a 200 pip retracement than a 300, because you'd have to change the TP level as well? The other option would be to go another to the 5th level but that would depend on personal level of risk or how many beginning lots you start with.

As for the 1hr vs 4hr, seems that there are two EA's in the zip file. One for 1 hour chart and 1 for four hour. I applied the 1 hour BB EA to the 1 hour charts.

Here's another idea. What if you used the BB to make entries on the 60x90 EA? Or just change the Pips and TP in the BB EA to accomplish the same.

I still think there's a need to do the stats to choose optimum retracements for the different pairs. I think we have 4 people so far that are willing to kick into it.

Thanks,
Field

OOOOOOOppps my mistake you are right. For testing I did put a 1H in there sorry. I am such a 4H guy I just forgot to remember I did that. On those real volatile pairs I did keep my TP at 200 and will only go 3 levels deep. I think at that third level it will be a break even trade. My experience is leading me to stop trying to profit by the third level and just find a way to get out of the trade. I have not wiped out an account or severely damaged one since I have started doing that.
Whatever loss I take I almost always make up within 48 hours, however, most of the time I make up the loss the same day. Multi-level trading or modified martingale at 3 levels seems to be turning out to be the most profitable and the least stressful. My winning percentage is hanging around the 65% level. If I try to go deeper levels, yes the profits are really nice, but the occasional loss you end up with may take weeks to recover from or even endanger your account. When I started using martingale trading systems, we tried to find an answer to the death trade. The best answer is dont go there to that level. Either take the loss after 2 or 3 levels or use a trade recovery like the 2,4,2. Since I have started trading like this and not thinking I can make every trade a winner my profits have been slow but steady. I also have not margined out an account in quite a while. That is what I have learned over the last three years. I hope to take my 3 or 4 best systems and have one book explaining the basics of this style of trading.

Putting the 60x90 on top of the BB bands is a great idea. Basically I just did the 180x100 on top of the BB but changed the numbers a little. Basically the same thing.

If a couple of more traders would be willing to pitch in for the retracement study we probably would find some good information we could find useful.

Thanks a lot for your input.

@1.5226. TP 1.5307,the MA. That was 8/17, of course.

I posted that same trade in the 4H trading method. I think it is a great call.

Just started reading your thread and intend to read all the pages without any skip reading before trying on demo.

Just a quick question I was going to install the indis an ea's etc so I can look at the my own setup whilst reading the thread, when I read that your attached files apart from one are for 4 digit.

Hope this is not a stupid question but do I just need to install the the indis ea's etc from 5 digit folder then use the same profiles and templates etc from your 4 digit folder.

Thanks in advance

James

Here is a 5 digit version for BB bands. It is a 200x200 set for a 4H chart. I have put in the code directions so you can make changes. You can change TF, and all the other settings. If you wish to do that in MT4 go to navigator, then expert advisors, right click on the EA you wish to change, choose modify and the entire program will come up. There are 2 sections you will want to play with. I will use the next two posts to explain them. Here is 5 digit version and in the EA there are explanations on how to change to a 4 digit.

When you put this EA in your MT4 computer put it into the experts folder. I did not test the EA before posting so demo first and make sure it works properly but it is the same one I am demoing on a demo account but I added more coding for different time frames.

To change the TF from 4H to 1H, 30M, 15M, 5M and the MA. Open the code up in the MetaEditor (explained in the previous post) and go to the very bottom of the code (bottom of the page) It will look like this and has instructions on how to change the code. When you make changes always hit the compile button at the top of the page so the code becomes active. If you made any mistakes it will give you warnings at the bottom of the page. If you have 0 errors and 0 warnings the changes should work. Also save your code first to its new name so you dont change the original EA, for example you save the code to 1H BB if you want to change to a 1H TF. What I do first is go to my time frame chart and put a BB on the screen and play with the numbers until I see something I like. I then put the numbers in the EA and test it for several weeks or months. If it is profitable, I then put it on FF and let you guys play with it to see if you can improve it or find errors in my logic. Anyway this is what the code looks like if you want to change anything in the BB indicator.

//Definitions and how to program
// 'ibands' is what kind of indicator so this is for Bollinger Bands
// 'Null' is for what currency pair you want to use: Null is for any pair if you put eur/jpy here
// it will only trade on the eur/jpy pair and no other pair.
// 'Period' is what time period you wish to trade
// 40 is the MA-- the standard for BB is 20, you may want to change this for different time periods
// 2 is for the deviation,
// 0 is for shift, it shifts the entire indicator forward one candle -1 would shift it back one candle
// 'Price_______' is (for apply to)when do you want the idicator do its math, it is set here for close,
// you can also set it for open, median, etc.
// 'MODE' is for defining using the upper band or lower band
// '0' do you want the indicator to work on what candle. 0 is for the now candle
// 1 is the previous candle, 2 is for 2 previous candle and so on.

//lower band
Var1 = iBands(NULL, PERIOD_M1, 40, 2, 0, PRICE_CLOSE, MODE_LOWER,0);
Var2 = iBands(NULL, PERIOD_M15, 40, 2, 0, PRICE_CLOSE, MODE_LOWER,0);
Var3 = iBands(NULL, PERIOD_M30, 40, 2, 0, PRICE_CLOSE, MODE_LOWER,0);
Var4 = iBands(NULL, PERIOD_H1, 40, 2, 0, PRICE_CLOSE, MODE_LOWER,0);
Var5 = iBands(NULL, PERIOD_H4, 40, 2, 0, PRICE_CLOSE, MODE_LOWER,0);
//upper band
Var6 = iBands(NULL, PERIOD_M1, 40, 2, 0, PRICE_CLOSE, MODE_UPPER,0);
Var7 = iBands(NULL, PERIOD_M15, 40, 2, 0, PRICE_CLOSE, MODE_UPPER,0);
Var8 = iBands(NULL, PERIOD_M30, 40, 2, 0, PRICE_CLOSE, MODE_UPPER,0);
Var9 = iBands(NULL, PERIOD_H1, 40, 2, 0, PRICE_CLOSE, MODE_UPPER,0);
Var10 = iBands(NULL, PERIOD_H4, 40, 2, 0, PRICE_CLOSE, MODE_UPPER,0);
//---- lot setting and modifications
// Whenever you change the Var make sure you change both so they are operating on the same time frame
// otherwise you could have the upper band using the 4H chart and the lower band using the 1H chart.
//Sell order--USE ONLY UPPER BAND VAR HERE Var #6-10

if( Bid > Var10)
{
myOrderType=1;//SELL
}
//buy order--Use only Lower band Var here Var #1-5
if( Bid < Var5)
{
myOrderType=2;//BUY
}
return(myOrderType);
}

So to trade 1H chart change Var10 to Var 9 and Var5 to Var 4. SO it will then read if( Bid < Var4) changes the lower band to a 1H chart.
if( Bid < Var9) changes upper band to 1H chart. GOT IT

Now if you want to change how the program trades, like the Take Profit or Stop loss, etc. or you want to change from a 4 digit to a 5 digit. Here is how to make the changes. Open the code in the Metaeditor and go near the top of the page and you will see this section. Here you can change these areas. Again when you make changes hit the compile button at the top of the page for the changes to take effect. Good luck. This part looks like this.

// Most of the settings above will not work since they are for a Sto indicator, changing wont change anything
// Below are your trade settings they are pretty much self explanitory
// This is set for 5 digit system if you want to change to a 4 digit system change the TakeProfit, Pips, and stop loss
// to 3 digit numbers, also the same for the trailing stop if you use it.
// For example on a 5 digit system 2000 is 200 pips on a 4 digit system 200 = 200 pips
extern string sb="--TRADE SETTING--";
extern double Lots = 0.02; // We start with this lots number
extern int TakeProfit = 2000; // Profit Goal for the latest order opened; 200 for 4 digit 2000 for 5 digit
extern bool MyMoneyProfitTarget=False;
extern double My_Money_Profit_Target=50;
extern double multiply= 1.6; // this is your multiplication for each level
extern int MaxTrades= 3; // Maximum number of orders to open, how many levels
extern int Pips= 2000; // Distance in Pips from one order to another; 200 for 4 digit 2000 for 5 digit
extern int StopLoss = 9999; // StopLoss; 200 for 4 digit 2000 for 5 digit
extern int TrailingStop = 0;// Pips to trail the StopLoss; 200 for 4 digit 2000 for 5 digit
//This is the end of changing your trade setup, if you wish to change the magic number it is 8 lines below here.

Change the numbers in pink to change for a 5 digit to a 4 digit system.

is this a better or upgrade to the 4hr 20ma 50x180? Which would be more reliable?

I dont think so at this time. The 100x180 starting 50 pips above and below the 20 MA on the 4H chart has proved to be a solid performer on all the slow and medium currency pairs. I really like it and is a good steady performer so far. It will take a lot more trades than the BB does. The BB may or may not be an improvement and is strictly in the testing stage for about a month now. The advantage of the BB is it will automatically adjust the band with the volatility of each pair. The advantage of the 20MA is price doesnt seem to get too far away from you. Price action seems to love following close to a 20MA on a 4H chart. The 180x100 I have been using almost 6 months now and has increased my account every month so far. It is a little different style of trading over the BB. I am hoping the BB will prove to be fewer trades but will be very solid ones. So look at them as both being good but slightly different trading styles. BB doesnt have much experience time behind it yet. We will see.

Thank you so much Nanningbob,

I have read the whole thread from front to back.

I have a couple questions.

I am looking into using the EA with the 100x180 20MA on the 4hr charts.

I need the following or instructions on how to program the following into it.

I want the first trade at 50 pips above or below the MA line, but I want it to set a pending order only, and only once it is 30 pips past the entry point. Meaning that it must be above or below the MA line by 80 pips to place the first pending. The same would go for the rest of the levels also, meaning once past the entry point 30 pips, place the pending.

This way, I feel would be more beneficial, especially on spikes, and trades that do not retrace. This would allow the system, to miss trades, and should lower the overall drawdown, or damage a losing trade would cause.

I also, need to program it to trade .1 lots and not micro lots.

Thank everyone for their hard work in making this happen.

OK follow the directions in the previous post on opening the EA code. Make the following changes in the top section of the code. I marked the key numbers in pink.

extern string sb="--TRADE SETTING--";
extern double Lots = 0.02; // We start with this lots number

Change this setting to .10

OK on getting it to trade only pending orders, take that to the FF section on programming. I think they can help you there. I have never tried using them in coding. I am not that good at programming.

In my 4H trading system (another thread) I use a MA cross so the trade does not enter until it breaks a 3MA trend line I have set. So if price keeps running it wont enter until it does some kind of turnaround. That is not quite the same thing you want but it prevents getting into trade too early. Little different philosophy of trading. Sorry I cant help you more on that one.

Just to let you know I am running two accounts trading .02 a trade. 180x100 vs the 40MA BB. so far BB band is ahead 9.28 to 9.08. Keep you posted.