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Nanningbob 60x90 EA

  • #2,421
  • Aug 25, 2009 6:18am Aug 25, 2009 6:18am
Quoting nanningbob
The directions are in the 60x90 folder, just replace them with the 180x100 EA, profile, and templates

I see.Thanks!
  • #2,422
  • Aug 25, 2009 6:38am Aug 25, 2009 6:38am
I'm testing this EA systeim .But to my surprise . It is 1000 pips S/L. See as below,is it you guys also use such a large stop loss ? 1000 pips.R:R=0.1 . Amazing!
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  • #2,423
  • Aug 25, 2009 6:54am Aug 25, 2009 6:54am
Quoting onmyself
I'm testing this EA systeim .But to my surprise . It is 1000 pips S/L. See as below,is it you guys also use such a large stop loss ? 1000 pips.R:R=0.1 . Amazing!

Yes it is a big SL, dont want the broker stop hunting. I bring it up later after the trade is in effect and price is in profit. I never let a winner turn into a loser. If I dont like a trade I close it or use my 2,4,2 recovery system. I dont think I have hit a SL in over 6 months. In real usage I dont use them. I reenter 3 levels and then look for an exit. If you come to this thread with traditional trader thought we are going to freak you out. I probably violate all the rules except for margin. Trade small, win a high %, try to 0 out your losers, make money. Tired years ago of following rules where over 80% of the people lose money. My best statement would be Forex is a market that trends very randomly. I play the randomness, in other words, in every 1000 pip move I am going to find a retrace big enough to profit or 0 out the trade. SO, if I stay away from certain news stories I will either profit or break even on almost every trade.
  • #2,424
  • Aug 25, 2009 7:18am Aug 25, 2009 7:18am
Quoting nanningbob
Yes it is a big SL, dont want the broker stop hunting. I bring it up later after the trade is in effect and price is in profit. I never let a winner turn into a loser. If I dont like a trade I close it or use my 2,4,2 recovery system. I dont think I have hit a SL in over 6 months. In real usage I dont use them. I reenter 3 levels and then look for an exit. If you come to this thread with traditional trader thought we are going to freak you out. I probably violate all the rules except for margin. Trade small, win a high %, try to...


Thanks a lot .I am new to your thread . I've got your idea now .So this is an EA that only win or breakeven , earns small ,needs patience .
  • #2,425
  • Aug 25, 2009 7:52am Aug 25, 2009 7:52am
Quoting onmyself
Thanks a lot .I am new to your thread . I've got your idea now .So this is an EA that only win or breakeven , earns small ,needs patience .
But you need to learn how to break even, that is the trading skill you need to learn. The EA will do the rest.
  • #2,426
  • Edited 8:14am Aug 25, 2009 7:58am | Edited 8:14am
I have continued to run the 100x180 against the 40MA BB. 100x180 is up to 41.12 and the 40MA is stuck at 29.34. However, the 40MA BB DD is about a 1/3 of the 180x100.
For this week its:

180x100 = 1.23
40MA BB= 0
60x90 = 6.19

So we are having a very slow week so far.
  • #2,427
  • Aug 25, 2009 11:51am Aug 25, 2009 11:51am
Quoting nanningbob
But you need to learn how to break even, that is the trading skill you need to learn. The EA will do the rest.

But pls for the benefits of we who are newbie and just trying to understand your EA, i prefer using the 180x100 20ma EA cos i found that suiting my trading style. But pls if u dont mind, can u explain to us how to breakeven? Also Pls advice as needs may be.
  • #2,428
  • Aug 25, 2009 12:51pm Aug 25, 2009 12:51pm
Quoting email2bj
But pls for the benefits of we who are newbie and just trying to understand your EA, i prefer using the 180x100 20ma EA cos i found that suiting my trading style. But pls if u dont mind, can u explain to us how to breakeven? Also Pls advice as needs may be.
read up on 242 exit strat found in this thread and in bobs 4hr strat thread
  • #2,429
  • Edited 5:04pm Aug 25, 2009 4:41pm | Edited 5:04pm
Quoting email2bj
But pls for the benefits of we who are newbie and just trying to understand your EA, i prefer using the 180x100 20ma EA cos i found that suiting my trading style. But pls if u dont mind, can u explain to us how to breakeven? Also Pls advice as needs may be.
I just did post #2417 10 posts ago. Also read p. 141-143 you will find more information there.
  • #2,430
  • Aug 25, 2009 6:32pm Aug 25, 2009 6:32pm
In a previous post, you stated that You never let a winner lose, by moving the SL and using it as a PP.

If you are on a second level trade, and it goes into profit, do you use the same technique, as stated above.

If so, do you shut the EA off for that pair, and wait and see if it hits TP or PP, and if it hits PP, you turn the EA back on to pick up the 2nd level again.

Thanks in advance,
  • #2,431
  • Aug 25, 2009 7:17pm Aug 25, 2009 7:17pm
Hi Bob,

I am doing some tests and I need your help. How can I add a input = “multiply” for “TakeProfit” on 4H BB 40MA EA?

Thanks
Attached Image
  • #2,432
  • Aug 25, 2009 9:49pm Aug 25, 2009 9:49pm
Quoting Peanutdude
[b]What I do, if the pending order is getting farther and farther away from the actual price, I just delete the pending order, and the EA just reopens another pending order, closer to the current price....
I do this often with my live account, when there is no open trade. I need to automate this process of pushing the order farther along with the price.
About the second part, I am not very sure what is the best method, either reduce lotsize or TP for pending orders. Closing EA and deleting orders won't help, as when turned on again, open order will get closed unless you change the magic no.
"Put all your efforts in becoming effortless"
  • #2,433
  • Aug 25, 2009 10:21pm Aug 25, 2009 10:21pm
Quoting Peanutdude
In a previous post, you stated that You never let a winner lose, by moving the SL and using it as a PP.

If you are on a second level trade, and it goes into profit, do you use the same technique, as stated above.

If so, do you shut the EA off for that pair, and wait and see if it hits TP or PP, and if it hits PP, you turn the EA back on to pick up the 2nd level again.

Thanks in advance,
Yes, You can do both. If you set your stop loss and price hits it, if the EA is on it will begin closing all the other trades of that currency even though it was not set by the EA. If you turn the EA off then you will need to manage every level individually. Why would you do that? If a retracement looks strong and is really a reversal, you may want to close the 2nd or 3rd level at profit and then see if you can make level 2 or 1 more profitable or less of a loss. So lets say level 3 trade is in profit and has 0 out the losses of 1 and 2. I may close the 3, move up my stop losses and TS and see if there is more to the move and actually turn the trade into a profitable one. Most of the time it doesnt work out that way but sometimes it does. I still got my minumum loss and tried to make a profit. I will especially do this if I see a S/R level broke.

You may also want to take half your profit and continue the trade but you will need to turn the EA off for that one. I almost never do that one though.

Now turning the EA and closing a level then turning it back on again will make the EA close out the left over trades. If you want to do that I have turned the EA off. Close the trade Iwant to close. Close MT4 down and then restart it. I think this resets the number of levels going and when you turn the EA backon again you can pick up where you went off. Try this on a demo first, but I think I have turned the computer on and off every time to do this. I know if you turn the EA off and close a level and then turn it back on it will continue closing the rest of the trades but I have done that by restarting the computer.
  • #2,434
  • Aug 25, 2009 10:32pm Aug 25, 2009 10:32pm
Quoting scali
Hi Bob,

I am doing some tests and I need your help. How can I add a input = “multiply” for “TakeProfit” on 4H BB 40MA EA?

Thanks
I always go into the program to modify it. It is the section highlight in red below. As far as changing the pop up section, I just never had time to change that. Maybe some guys can help or you can take the problem to programming discussion here at FF and get help there.

extern string sb="--TRADE SETTING--";
extern double Lots = 0.01; // We start with this lots number
extern int TakeProfit = 100; // Profit Goal for the latest order opened
extern bool MyMoneyProfitTarget=False;
extern double My_Money_Profit_Target=50;
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
extern int TrailingStop = 0;// Pips to trail the StopLoss
  • #2,435
  • Aug 26, 2009 3:56am Aug 26, 2009 3:56am
Hello nanningbob,

The thread is called 60x90 EA. Your user manual explains that the trading system enters each 90 pips trying to take profit of 60 pips. It's perfectly OK. Now, the 100x180 system works on similar principle, but the numbers have opposite meaning. I think that it's worth to have similar names for similar things: either 90x60, 180x100 or 60x90, 100x180.
It is just hard to keep in mind what is what in each system.

Do you think that 180x100 and Bollinger Bands system deserve their own threads?

You also mentioned, that you are going to write a book, describing your systems,-I would be glad to buy one!

Best regards,
Maxim
  • #2,436
  • Aug 26, 2009 8:49am Aug 26, 2009 8:49am
Quoting maximf
Hello nanningbob,

The thread is called 60x90 EA. Your user manual explains that the trading system enters each 90 pips trying to take profit of 60 pips. It's perfectly OK. Now, the 100x180 system works on similar principle, but the numbers have opposite meaning. I think that it's worth to have similar names for similar things: either 90x60, 180x100 or 60x90, 100x180.
It is just hard to keep in mind what is what in each system.

Do you think that 180x100 and Bollinger Bands system deserve their own threads?

You also mentioned, that you are going...
The numbers dont have opposite meaning, it is just a different starting point. 60x90 is 90 -90 from the MA, 180x100 is 50 -50 from the MA and BB is the top and bottom BB away from the MA. They all run on the same principles and trading philosophy, just starting at a different spot. The 180x100 starts trading the earliest and the most of the three, the 40MA BB starts the farthest will trade the least. 60x90 will be somewhere in between the two on most pairs. Put up 3 demos and try all three and find out which one you like the best or the most comfortable with. That is the purpose of this thread is to exchange ideas and formulas. We have a group of guys working on pending orders, they may have something but they need to share to iron out the kinks. I am testing the 40 MA BB on a 5M chart and a 4H chart. Some are trying it on a 1H chart, over time we will compare notes and see what works best. That is what the thread is about.

If I had a perfect working EA I could send out a newsletter and say. I have only 500 copies folks yes 500 copies, when they are gone, they are gone. This EA backtested over the last 5 years did not have a losing trade, look at these wonderful charts I have conjured up. Normally I would sell this for 19,000 dollars but for the next 500 people you can have it for not 499, not 199 but 97 dollars, yes come and get them. When they are gone they are gone. (Dont worry, I will repackage the thing under another name and sell again next month.) Sorry didnt mean to offend but I though that was fun.

I have written a booklet in the Nanningbob 4H trading system. It is the only thread I know where i will post my trades every day and their results. I have that much confidence in that system. Interesting read if you havent checked it out. But that is different from this system.
  • #2,437
  • Aug 26, 2009 11:53am Aug 26, 2009 11:53am
Hello nanningbob,

I very much appreciate your trading philosophy and responsiveness to my previous inquiries. Just thought that packing the contents of the thread as book can help when there is need to find trading advise in some situation
faster.

"I have written a booklet in the Nanningbob 4H trading system".
Read it all, but can't use since I'm not at the monitor 12 hours.
I've also read the booklet on 60x90.

"If I had a perfect working EA I could send out a newsletter and say. I have only 500 copies folks yes 500 copies, when they are gone, they are gone. This EA backtested over the last 5 years did not have a losing trade, look at these wonderful charts I have conjured up. Normally I would sell this for 19,000 dollars but for the next 500 people you can have it for not 499, not 199 but 97 dollars, yes come and get them. When they are gone they are gone. (Dont worry, I will repackage the thing under another name and sell again next month.) Sorry didnt mean to offend but I though that was fun."
-No problem, I'm getting such things few times a week...

To sum it all: thought that the book may be a nice idea...

Happy trading,
Maxim
  • #2,438
  • Aug 26, 2009 2:34pm Aug 26, 2009 2:34pm
This EA works like 60x90
This EA scales against timeframe
I have set a comment that will display your Entry
In the USDJPY below you have 4 hour and 1 hour for display of comment
The Entry is bid/ask distance from the 80 bar MA
Entry is yellow oval
4hour is 169 1hour is 80
green oval is the size of your EA .
4hour is 144x169 1hour is 72x80
Our stop loss distance is light blue.
4hour is 720 1hour is 360
I put max trades in there.
Any how this may help
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RxD DMJ layout USDJPY H1.JPG Size: 50 KB
Click to Enlarge Name: RxD DMJ layout USDJPY H4.JPG Size: 52 KB
the markets moving, time to get in!
  • #2,439
  • Edited 9:07pm Aug 26, 2009 2:54pm | Edited 9:07pm
this EA calibrates its self can somebody check to see if i connected the Entry correctly


double Var_refer = iMA(NULL, TimeFrame, 80, 1, MODE_LWMA, PRICE_MEDIAN, 0);

if( Bid>Var_refer+Entry*Point )
{
myOrderType=1;//SELL
}

if( Bid<Var_refer-Entry*Point )
{

Entry was 90 now its calculated in my code


set it up in a demo and watch the EA calculate its size
Attached File(s)
File Type: mq4 RxD DMJcal.mq4   26 KB | 533 downloads
the markets moving, time to get in!
  • #2,440
  • Aug 26, 2009 7:29pm Aug 26, 2009 7:29pm
Quoting maximf
Hello nanningbob,

I very much appreciate your trading philosophy and responsiveness to my previous inquiries. Just thought that packing the contents of the thread as book can help when there is need to find trading advise in some situation
faster.

"I have written a booklet in the Nanningbob 4H trading system".
Read it all, but can't use since I'm not at the monitor 12 hours.
I've also read the booklet on 60x90.

"If I had a perfect working EA I could send out a newsletter and say. I have only 500 copies folks yes 500 copies, when they are...
I would love to do that, time is the problem right now though.
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