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Nanningbob 60x90 EA

  • #2,361
  • Aug 18, 2009 4:49am Aug 18, 2009 4:49am
wallowing at 1.5200. TP now 1.5282...MA slopes downward while price action holds at these low levels.
Vincit qui se vincit.
  • #2,362
  • Aug 18, 2009 5:25am Aug 18, 2009 5:25am
I had this indicator programmed that will send an email to your smartphone/Outlook that gives you a snapshot of where all of your trades are each time a new order is place showing details of that trade, exposure (all open deals, net lots, net profit) and account balance, equity, floating P/L, margin, etc.

It also sends you an email when a group of trades closes showing you the net gain for that pair.

Basically, it's a combination of LevelAlert and iExposure with some additional information. You have to put this on the chart for each pair that you are trading.

Really frees you up from watching the screen all day.

Enjoy,
Field
Attached File(s)
File Type: ex4 LevelAlert Plus iExposure.ex4   16 KB | 309 downloads
  • #2,363
  • Aug 18, 2009 2:59pm Aug 18, 2009 2:59pm
still wallowing at 1.5200. TP now at 1.5270.
Vincit qui se vincit.
  • #2,364
  • Aug 18, 2009 5:00pm Aug 18, 2009 5:00pm
Bob, I sent you an email.
  • #2,365
  • Aug 19, 2009 2:14am Aug 19, 2009 2:14am
In the race between the 180x100 and the 40MA BB trading at .02 the 40MA is still leading at 20.86 to 18.55. Stay tuned folks for the race of the month.
  • #2,366
  • Aug 19, 2009 10:32am Aug 19, 2009 10:32am
Quoting IamTHAT
I never used 5 digit so far. there is a provision for it in the original EA. I think I need to add something to my EA. I will find out..I have changed it for 5 digits. See if it works.
Bob, IamTHAT just started this ea on 8/16 with Interbank. Playing for dimes on 23 pairs 24/5 account is +350. Will keep u informed.
  • #2,367
  • Aug 19, 2009 5:36pm Aug 19, 2009 5:36pm
Quoting qz10cq
Bob, IamTHAT just started this ea on 8/16 with Interbank. Playing for dimes on 23 pairs 24/5 account is +350. Will keep u informed.
makes me jealous, I am only using .02

180x100 passed the 40MA BB today. It is now ahead 26.38 to 23.36 The one big difference I am seeing between the two though is the 40BB has a lot lower drawdown than the 180x100. For instance the 180x100 drawdown is at -16.59 and has been as high as -35.00 while the 40MA BB is right now at -2.11 and the highest I have seen this week is -16.00. This maybe the one major improvement if the TP stays fairly close. Time will tell.
  • #2,368
  • Aug 19, 2009 7:51pm Aug 19, 2009 7:51pm
Quoting Peanutdude
Thank you so much Nanningbob,

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.
.
Few pages back I have posted one EA (NanningBob2.0) which does exactly what you are asking for. It is indeed very helpful in spikes and gives us more control over trades.
"Put all your efforts in becoming effortless"
  • #2,369
  • Aug 19, 2009 7:56pm Aug 19, 2009 7:56pm
Quoting nanningbob
180x100 passed the 40MA BB today. It is now ahead 26.38 to 23.36 The one big difference I am seeing between the two though is the 40BB has a lot lower drawdown than the 180x100. For instance the 180x100 drawdown is at -16.59 and has been as high as -35.00 while the 40MA BB is right now at -2.11 and the highest I have seen this week is -16.00. This maybe the one major improvement if the TP stays fairly close. Time will tell.

I am using BB now live ( 6 pairs) on a small account with minor modifications in settings to suit individual pairs. Though not many trades, I like the entries and also feel safer with lesser draw down.
Too many irons in the fire right now..
"Put all your efforts in becoming effortless"
  • #2,370
  • Aug 20, 2009 4:04am Aug 20, 2009 4:04am
Hello Nanningbob,

I'm live trading with 60x90 two levels only on slow currencies,
updating them each week.

Can you please tell me how much time to wait before switching to
Bollinger Bands based EA?
Is it worth to switch to 180x100 now?

Best regards,
Maxim
  • #2,371
  • Aug 20, 2009 5:46am Aug 20, 2009 5:46am
Quoting qz10cq
Bob, IamTHAT just started this ea on 8/16 with Interbank. Playing for dimes on 23 pairs 24/5 account is +350. Will keep u informed.
Plus 450 today with 22 dd now.

So IamTHAT ur telling me that u modified Bob's ea so that if a pair spikes 200 pips up it will only place pending orders until it starts going back down, then it would open the higher lot trades first? Just digesting, so these ea's u modified can be played 24/5, have less dd and blow right thru the interest rate and NFP?
  • #2,372
  • Aug 20, 2009 7:10am Aug 20, 2009 7:10am
Quoting qz10cq
Plus 450 today with 22 dd now.

So IamTHAT ur telling me that u modified Bob's ea so that if a pair spikes 200 pips up it will only place pending orders until it starts going back down, then it would open the higher lot trades first? Just digesting, so these ea's u modified can be played 24/5, have less dd and blow right thru the interest rate and NFP?
Exactly. If there are retraces along the way, then it is likely that few orders are executed in-between. But I have observed generally some orders are missed so overall profitability is higher. I am not all that good at programming, and I would have liked to adjust the lotsize depending on the missed trades so that your first opened order is not too big or you can have more steps and hence the range.
Well, I am trying now on GBPJPY only with various settings and if it can contained then we can easily use on other pairs. Range depends on the MA used, buffer and your TP and it can be adjusted to suit your risk appetite.
My idea is to as low a TP as possible so that we can catch retrace easily. Even TP of 35 worked for GJ even with limited range of around 300 pips.
I am not for trying on many pairs and I am happy if I can trade GJ, EJ, GU and EU, UJ. even GJ alone is enough to produce many trades.
24/5 and NFP is too much to ask. My demo account increased from $3k to $12k in two months with just GJ, EJ, GU and EU. However, I added USDCAD and it spoiled the party. I feel only JPY pairs has the enough retrace we require.
"Put all your efforts in becoming effortless"
  • #2,373
  • Edited 3:45pm Aug 20, 2009 7:44am | Edited 3:45pm
Quoting maximf
Hello Nanningbob,

I'm live trading with 60x90 two levels only on slow currencies,
updating them each week.

Can you please tell me how much time to wait before switching to
Bollinger Bands based EA?
Is it worth to switch to 180x100 now?

Best regards,
Maxim
It is hard to say. People are having success with all three EAs. In one sense they are very similar, enter from some distance from a MA line. I like the 180x100 because I have more range than the 60x90. But the 60x90 gets out of trouble quicker. The BB has just started testing and we will see how it goes. Next week I plan on putting all three on a demo account so we can get an accurate read of how they compare. As I have written before, I use the 180x100 on one of my live accounts and the 4H trading system on the other. That is what I am trading live. It really comes down to what kind of trader you are and what you are comfortable with. If you can answer this one question you are ready to trade with one of my EAs. If price action gets me in trouble, do I know how to get out successfully? To me no matter which EA I use I can make it work profitably because of my 2,4,2 recovery system. I know I can get out of trouble with just a little damage on a trade. Once you master that, you can easily sit back and let the EAs do their thing and when you see a trouble trade you have a plan on how to get out.

If you are inexperienced trader use any of these EAs and only trade the following pairs and you will make money slowly but should stay out of trouble most of the time. You dont have to trade all 12 at one time but pick and choose the ones you are comfortable with.

aud/nzd, aud/cad, chf/jpy, eur/cad, eur/chf, eur/gbp, eur/usd, gbp/usd, one of the NZD pairs, usd/chf, usd/jpy, usd/sgd.

That will give you 12 pairs to trade. Once you are really confident in the system you can add aud/chf, aud/jpy, aud/usd, eur/jpy, and another NZD pair. I would not get heavy into any of the aud,nzd,cad (except aud/nzd that is a pretty safe pair) pairings because they really get on long trends that just run and run. Commodity based economies are kind of a boom or bust thing. I dont like the usd/cad, it always seems to get me into trouble.

When you really want to fly and take risks add one of the following and have some fun. Eur/nzd, gbp/chf, gbp/jpy, gbp/nzd, gbp/cad. Those 5 will give you some really exciting days at times. They love going outside the range of my EAs so I dont recommend trading them unless you are very experienced in trading. The worst one is the gbp/nzd. I trade all of the above but the high risk ones I trade at half of the others. So if I am at .02 a trade, with them 5 I trade .01 because of the extra risk. I hope this helps your decision making.
  • #2,374
  • Aug 20, 2009 7:53am Aug 20, 2009 7:53am
Quoting IamTHAT
Exactly. If there are retraces along the way, then it is likely that few orders are executed in-between. But I have observed generally some orders are missed so overall profitability is higher. I am not all that good at programming, and I would have liked to adjust the lotsize depending on the missed trades so that your first opened order is not too big or you can have more steps and hence the range.
Well, I am trying now on GBPJPY only with various settings and if it can contained then we can easily use on other pairs. Range depends on the MA used,...
I hate the usd/cad too. Seems like such an innocent pair but man can it bite.
  • #2,375
  • Aug 20, 2009 12:38pm Aug 20, 2009 12:38pm
Thanks for a so detailed answer!!!
  • #2,376
  • Aug 21, 2009 6:41am Aug 21, 2009 6:41am
Quoting IamTHAT
Exactly. If there are retraces along the way, then it is likely that few orders are executed in-between. But I have observed generally some orders are missed so overall profitability is higher. I am not all that good at programming, and I would have liked to adjust the lotsize depending on the missed trades so that your first opened order is not too big or you can have more steps and hence the range.

My dime interbank account has swelled to +550 sense beginning of week with the biggest dd being under 100 on 23 pairs.

Yeah IamTHAT (can I call you I) if you can figure how to continually replace the .01 pending order until triggered, then start the sequence from there we would really have something special. As u said we would probably lose some profit but it would be alot safer and the dd would be much less also the range would be extended by a big margin. All of Bob's ea's would be much better off with that little bit of programing. Including an equity stop loss that would close all open and pending trades if the markets went against you could also be helpfull.

Right now I have 2 eur/usd sell trades on, one for .04 the other for .23, it would be alot nicer if the .04 triggered started the sequence at .01.

Will be starting ur pending order revision of Bob's 100/180 on Sunday night and will keep u guys informed. Great job both of you and thank you.
  • #2,377
  • Aug 21, 2009 7:06am Aug 21, 2009 7:06am
Quoting qz10cq
Yeah IamTHAT (can I call you I) if you can figure how to continually replace the .01 pending order until triggered, then start the sequence from there we would really have something special....
qz, You can indeed call me I !(all are same behind this I )
well, I understand this problem with opening lotsizes of market orders. I can change the first pending order lotsize to remain same till it becomes a market order but when first order itself becomes a market order and some pending orders in-between, then it is difficult for me to do the the programming aspect. I am doing trial and error and will come up with something.
Ideal way is caculate lotsizes only for market orders and ignore pending orders. I have roughly have an idea. If that can be implemented, this EA will be very good.
Why do have to trade so many pairs. Focus on few and add more as account builds.
"Put all your efforts in becoming effortless"
  • #2,378
  • Aug 21, 2009 8:55am Aug 21, 2009 8:55am
Quoting IamTHAT
qz, You can indeed call me I !(all are same behind this I )
well, I understand this problem with opening lotsizes of market orders. I can change the first pending order lotsize to remain same till it becomes a market order but when first order itself becomes a market order and some pending orders in-between, then it is difficult for me to do the the programming aspect. I am doing trial and error and will come up with something.
Ideal way is caculate lotsizes only for market orders and ignore pending orders. I have roughly have an idea. If that can...
Yeah I, this ea is good now but I think it will be better. Both my eur/usd trades closed in profit but there was alot more dd than needed to be. There was also more profit. I'm playing 23 pairs with the idea being when they lose I will eliminate them, I was also just trying to digest how the ea worked. Next week I'll play all 23 pairs trying to incorparate this ea I'm posting, my thoughts being I don't have to win every trade I just have to win at the end of the week and I don't want my account to zero or margin out. My dd went to over 300 with the news today but turned around and sits now at -162. I can stomach a 300 dd but not much more. I will probably set this ea to -400 and try to play all 23 pairs. I really like the way u and Bob are headed with his thread. Can't wait to see whats next.....Dan
Attached File(s)
File Type: mq4 CloseTrades_After_Account_Loss_TooMuch.mq4   3 KB | 288 downloads
  • #2,379
  • Aug 21, 2009 11:13am Aug 21, 2009 11:13am
Hello,

To my mind, it is worth to base the lot size on an ATR indicator value.

Maxim
  • #2,380
  • Aug 21, 2009 3:59pm Aug 21, 2009 3:59pm
Great ideas guys. You are into ideas I would never have thought of. I really think this thing will be a great project when done.
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