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Nanningbob 60x90 EA

  • #2,441
  • Aug 26, 2009 11:10pm Aug 26, 2009 11:10pm
Quoting dmjservices
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
Seems like you did a good job cleaning up some sections of the EA will take a look at it. Thanks for allyour work.
  • #2,442
  • Aug 27, 2009 12:54am Aug 27, 2009 12:54am
Quoting nanningbob
Seems like you did a good job cleaning up some sections of the EA will take a look at it. Thanks for allyour work.
Bob,

I have cleaned up your BB EA and I have included the option of choosing TF externally. Hope it will be useful for testing purposes.
Another option I have in this EA is MTF confirmation, that is, if price hits band on all lower time frames, along with the selected TF, only then order is executed. I don't know if it of any use. you can switch it off.
Or it can be used in any other way, you please suggest. Then it struck me that if price hits band on all TFs, price could continus to drift along the band.
I have included only 4 TFs 5, 15, 60 and 240.
Attached File(s)
File Type: mq4 M5-4H-NanningBob 40MA BB-MTF-A.mq4   21 KB | 404 downloads
"Put all your efforts in becoming effortless"
  • #2,443
  • Aug 27, 2009 12:58am Aug 27, 2009 12:58am
Quoting nanningbob
Seems like you did a good job cleaning up some sections of the EA will take a look at it. Thanks for allyour work.
do you understand what it is doing ?

oh i tweeked a setting get the latest
the markets moving, time to get in!
  • #2,444
  • Aug 27, 2009 3:18am Aug 27, 2009 3:18am
Quoting IamTHAT
Bob,

I have cleaned up your BB EA and I have included the option of choosing TF externally. Hope it will be useful for testing purposes.
Another option I have in this EA is...
OK, next month I am using the 4H BB EA in the IBFX contest, so we will see how it goes. The one thing I like about it is the lower DD so I can use bigger lot sizes. I think the 180x100 will make more money with the same lot sizes but the 40MA BB can be used with bigger lots so we will see how that goes. I am going to post some of the things I have learned about the 180x100 after 6 months of use. Some of its advantages that dont exist in the 60x90 and 4H BB.
  • #2,445
  • Edited 3:57am Aug 27, 2009 3:30am | Edited 3:57am
To Nanningbob and all guru,
I have just installed a VPS to test the EA? Which EA (BB or 180) is more profitable with lowest DD? Which post should I read to learn how to use BB? Which time frame should I use? What is the min. amount required for one pair and how many pair should i trade as a newbie? (sorry i cannot complete all pages from 1-162 so please advise)
Thank you
Newbie
  • #2,446
  • Aug 27, 2009 4:03am Aug 27, 2009 4:03am
Hi,
Did you use 1H chart or 4H chart for this BB EA?
Newbie
Quoting scali
Hi Bob,

Thanks for the thread and hard work.

Here is my demo result at FXDD from 07/22/2009 - 08/21/2009 24x7 NO manual intervention. U$1000 Capital, 19 pairs:

aud/nzd
aud/cad
aud/jpy
[color=black][size=3][FONT=Times...
  • #2,447
  • Aug 27, 2009 4:13am Aug 27, 2009 4:13am
Dear Nanning,
Do you mind to write up a small doc how to use 4H BB EA? There is some difference between this EA with 180. Thank you
Newbie

Quoting nanningbob
OK, next month I am using the 4H BB EA in the IBFX contest, so we will see how it goes. The one thing I like about it is the lower DD so I can use bigger lot sizes. I think the 180x100 will make more money with the same lot sizes but the 40MA BB can be used with bigger lots so we will see how that goes. I am going to post some of the things I have learned about the 180x100 after 6 months of use. Some of its advantages that dont exist in the 60x90 and 4H BB.
  • #2,448
  • Aug 27, 2009 5:37am Aug 27, 2009 5:37am
Quoting footy
Dear Nanning,
Do you mind to write up a small doc how to use 4H BB EA? There is some difference between this EA with 180. Thank you
Newbie
It is really not a difficult EA to understand. ON a 4H chart I use a 40MA BB instead of the normal 20MA. When price hits the top line it will do a sell, set a SL of -1000 and a TP of 200. If price goes against you 200 pips it will enter a 2nd sell at a higher lot, (1.6 times the original lot size) so if your 1st lot is .02 the second is .03 and the third will be .05, it will do the same as the 1st lot in its settings. Same thing when price hits the bottom line except it will do a buy then.

You can take your TP anytime you wish, for instance some currencies do not move that much and 50-100 pips is good for them. Others will take the 200+, I often change the GBP/JPY to 300 TP. use the support and resistance lines that are drawn on the screen to use as TP lines or use the indicator window below and TP when the white or blue line go all the way to the other end. As price moves in your favor follow it with your SL or TS so you never let a winner turn back into a loser. Time and knowledge of each currency over time will help you in setting your TP.

If price ever goes 400 or more pips against you then use my 2.4.2 recovery system and try to get out of the trade with a minumum loss. That is as simply as I can put it, not really a difficult EA to use but experience over time will help you learn the forex. When I demo I trade all 23 currencies because that will teach you more about the Forex market than anything else. You will develop a liking to certain currency pairs and those you can trade. I never knew how interesting the Aud/nzd or the Eur/nzd pairs were until I threw them up on a demo one day and loved their uniqueness. We here at FF can teach the basics but there is nothing like live trading experience. I look at a chart and many time I dont like what I see. I may close a trade long before it gets to 400 in the hole and sometimes I will ride a currency 6-800 in the hole. Just depends what I think is going on in the market. Feel free to ask questions and many of us will try to help you.
  • #2,449
  • Aug 27, 2009 8:58am Aug 27, 2009 8:58am
Hi Nanningbob. I have just attached the 4H bbEA to my metatrader account. I have backtested it. It works fine without the indicators in the first post - am i right in assuming i dont need those extra indicators/templates from the first post to make this EA run?

Secondly, am i correct in assuming that this EA only trades a few times per month?

Thanks in advance for your help
  • #2,450
  • Aug 27, 2009 9:07am Aug 27, 2009 9:07am
Quoting Viv108
Hi Nanningbob. I have just attached the 4H bbEA to my metatrader account. I have backtested it. It works fine without the indicators in the first post - am i right in assuming i dont need those extra indicators/templates from the first post to make this EA run?

Secondly, am i correct in assuming that this EA only trades a few times per month?

Thanks in advance for your help
I still use the sto/MACD indicator and S/R to help in determining TP and some other decisions. Some currencies will never make the 200 TP so you close them manually. The EA should do 1-3 trades a week on most currencies as an average. Once you set up the template you should be able to eyeball a backtest on the 4H chart and see how a currency acts with the 40MA BB. Good luck.
  • #2,451
  • Aug 27, 2009 4:47pm Aug 27, 2009 4:47pm
Hello nanningbob,

I've read the code of the EA,-it is not to difficult (I am a software developer), but have some questions:
-If UseTradingHours is set to TRUE, the EA will use hard coded hours.
But this is a problem since for each country the value of 18:00 Tokyo time (for example) will be different.
Is it worth to add GMT offset calculation such that the hard coded hours will be GMT?
-There are comments, which are not English (TIADA KONDISI UTK OPEN ORDER).
-The OpenOrdersBasedOnSTOCH does not use stochastic at all.

I can try to make the code more clear. Would you like me to do it?
The only thing that I don't know how to do is GMT offset calculation.

P.S. GBPCHF is going to bite me...

Best regards,
Maxim
  • #2,452
  • Aug 27, 2009 4:53pm Aug 27, 2009 4:53pm
Quoting maximf
Hello nanningbob,

I've read the code of the EA,-it is not to difficult (I am a software developer), but have some questions:
-If UseTradingHours is set to TRUE, the EA will use hard coded hours.
But this is a problem since for each country the value of 18:00 Tokyo time (for example) will be different.
Is it worth to add GMT offset calculation such that the hard coded hours will be GMT?
-There are comments, which are not English (TIADA KONDISI UTK OPEN ORDER).
-The OpenOrdersBasedOnSTOCH does not use stochastic at all.

I can try to make the...
i think that the trading hours is not necessary. once your trading you just go till your trade has ended

can you look at my Auto scaling EA and see if there is any problems. i pulled the code out of my main EA
Attached File(s)
File Type: mq4 RxD DMJcal.mq4   26 KB | 548 downloads
the markets moving, time to get in!
  • #2,453
  • Aug 27, 2009 6:35pm Aug 27, 2009 6:35pm
Quoting maximf
Hello nanningbob,

I've read the code of the EA,-it is not to difficult (I am a software developer), but have some questions:
-If UseTradingHours is set to TRUE, the EA will use hard coded hours.
But this is a problem since for each country the value of 18:00 Tokyo time (for example) will be different.
Is it worth to add GMT offset calculation such that the hard coded hours will be GMT?
-There are comments, which are not English (TIADA KONDISI UTK OPEN ORDER).
-The OpenOrdersBasedOnSTOCH does not use stochastic at all.

I can try to make the...
Yeah I am fighting the gbp/chf also. It has had only 1 major retrace in the last three weeks so it is due. It is why I use the 180-200 reentrance, I have a chance of surviving runs like this.

Some of the features in this EA I have not used or used very little. Sometimes I use the time features to start my week but turn them off later in the day. For example on Monday I dont want the EA to start until after the jpy open but that is about the only time I have ever used that feature. So dont really know how well or effective it works.

This EA was written by a guy named Galindo then redone by a guy from, I think Pakistan, so that is why the foreign language. He is the one that put in most if not all the STO settings. It would be interesting to find the original Galindo EA and see how many changes have been made to it. I have used it for about 3 years now. My main contribution was disconnecting the STO mechanisms and using MA instead. I have never taken the time to clean up the code however, so many of the old sto settings are there. There are a couple of versions posted that haves done that but I have yet to become real familiar with them. You can check on them and see if any have already done what you want to do. DMJs posted EA is interesting and I will try to look at it this weekend.

Redoing it in GMT would make it more universal and maybe easier to use. So welcome to our thread.
  • #2,454
  • Edited 9:34pm Aug 27, 2009 7:54pm | Edited 9:34pm
hi nanningbob
what is the min. amount (1 pips = 1 cent) to use to trade 23 pairs by this EA?
i want to tell yo u that you are not talking to yourself at your another thread..i am reading every day. can you also upload your living account using this BB EA so i can learn it. can you also briefly explain what is the recovery system, when do i need to use it? or direct me which post i should read...there are too many posts to read...
by the way, does the new nfa rules affect this EA? which broker do you suggest? us or uk based? last by not least,when i backtest the EA, an error "order senderror 4107" appear and no trade are triggered. please advise.


happy trading
  • #2,455
  • Aug 27, 2009 9:03pm Aug 27, 2009 9:03pm
Quoting footy
hi nanningbob...
I am with IBFX (I still think they are the best penny broker but if you trade higher amounts then there are others) and so far there has been no change. Somehow they wrote their software to be compliant with FIFO rules but still let you trade like usual. This is my best guess (I maybe wrong on this however) but I think they batch the small orders (penny trades) and then put them on the open market. I really dont believe my 0.02 trades are put on the open market when I enter them. They are such a large company that they only have to put the difference between the buys and sells of all their trades on the market. I dont think this applies to the big guys who trade hundreds or thousands of lots at a time though.

When you close your trade it goes out with a different batch so they are compliant but it allows you to keep the trade as is. In other words their trades go out as first in first out but your trades are batched together as a group so it doesnt matter which ones you open or close first. To me that was great inventive thinking. They definitely have a leg up on the competition right now. Most of them went overseas to continue. As an American I prefer to keep my funds inside the USA. The only trades it has affected me is my hedging systems which I cannot trade anymore so I am out on the system I used for the aud/nzd.

I feel I can safely trade .01 per 250 dollars on 23 pairs and still have room to handle several 2.4.2 recovery trades. I have closed testing some pairs so I am down to 20 now on one live account and 18 on the other. The biggest DD I have had on .02 has been around 120 dollars and I like to keep my DD under 20%. When it reaches 25% I begin selectively closing losing trades so as to not margin out my account. I have found out from bad experience once you get over 30 or 40% you dont have any room to manuever any more in your trading. Most of the time I try to stay around 10% of my account being commited at one time. The 4H system I still trade all 23 pairs since my entrances are different than the EAs here.

11. P 141 and following pages we start a discussion of the 242 recovery system. This is very valuable in getting out of troubling trades. On page 143 I talk about the difference between the 242 system and the recovery EA. Also read post #2417 p. 162 there is more information.
  • #2,456
  • Aug 27, 2009 9:19pm Aug 27, 2009 9:19pm
I am trading with FXDD and have never got these kinds of results. What are you doing different? Can you please let me know your settings. What are your sl and tp and other settings. I was going to to just the 1`880x100 20ma until I saw this.


Quoting scali
Hi Bob,

Thanks for the thread and hard work.

Here is my demo result at FXDD from 07/22/2009 - 08/21/2009 24x7 NO manual intervention. U$1000 Capital, 19 pairs:

aud/nzd
aud/cad
aud/jpy
[color=black][size=3][FONT=Times...
Gator - Trader Learning and Earning
  • #2,457
  • Aug 27, 2009 9:21pm Aug 27, 2009 9:21pm
Are you still having the most success with the 180 x 100 20ma? or which one. Now there are many on the fourm and I get a big confused.[/quote]

I have not changed on my live accounts. I trade the 180x100 on one live account. 4h trading system on another and I am going to enter the IBFX contest using the 4H BB band live for the first time on a third live account. So starting next month I am going to run all three on live accounts.
  • #2,458
  • Aug 27, 2009 9:26pm Aug 27, 2009 9:26pm
You like 180x100 on a 4H best? is that the 20MA?
is that the same as the 180 x 100 20ma 5D?

I think the 5d will also run on 4D, --am I right?


Quoting scali
My favorite EA right now is the 180x100 on a 4H chart but the 40MA BB shows real good promise in keeping DD low. Not as many trades but a much lower DD than the 180x100.
Hi Bob,


Please, I would like to hear from you comments about my statement on page 160. Do you think the good results of 1H NanningBob 40MA 200 BB last month is because we are in summer time? I am testing the 1H and 4H NanningBob 40MA 200 BB for a month now and I feel that the advantages are: more pips coverage, we can use L4 with profits and lower DD with a average of 4 trades a day. But if I get in trouble with a pair can I use the 242 rescue from 180x100 EA?

Thanks[/quote]
Gator - Trader Learning and Earning
  • #2,459
  • Edited 10:55pm Aug 27, 2009 10:43pm | Edited 10:55pm
Quoting gator-trader
You like...
[/quote]

NO the 5D and 4D are meant to run on different platform setups. For instance IBFX demo uses 5D and Live accounts use 4D. You cant use 5D on 4D live or 4D on 5D demo. Just wont work right.

It is hard to say. The big difference is price will enter sooner and more often on a 1H chart over a 4H chart. You will get into more 2 and 3 level trades off of a 1H chart on the more volatile currencies but the slower ones may trade better on the 1H chart. Without extensive testing it is hard to come to conclusions. Again the theory behind it is: The bands will adjust to price action but the 180x100 and 60x90 dont. So in theory you should have smaller DD. In reality we dont know for sure yet, that is why I post my EAs. I dont have time to test all the variables or have all the ideas. Even though I get credit for these EAs they are not my idea. I just made adjustments. A guy named Galindo wrote this EA several years ago. A guy named Azaam tried to make them work with STO lines. I changed them to MAs and then added distance from a standard MA line. Over time many have given ideas for adjustments so that of the whole EA only a small part is actually my original thinking. I just take suggestions and test them out and all of a sudden something seems to work. I think my best contribution to all this will be my 2.4.2 recovery system because no matter what you use to enter and run trades, the forex will always move in a way that will defeat even the best EAs. So what are you going to do when you get into trouble? That is my best answer for now.
  • #2,460
  • Aug 27, 2009 11:19pm Aug 27, 2009 11:19pm
Well like I said I found the 5d 4hr DD ea, but not the 4D version. When message record is it in? Where is it at?


NO the 5D and 4D are meant to run on different platform setups. For instance IBFX demo uses 5D and Live accounts use 4D. You cant use 5D on 4D live or 4D on 5D demo. Just wont work right.

It is hard to say. The big difference is price will enter sooner and more often on a 1H chart over a 4H chart. You will get into more 2 and 3 level trades off of a 1H chart on the more volatile currencies but the slower ones may trade better on the 1H chart. Without extensive testing it is hard to come to conclusions. Again the theory behind it is: The bands will adjust to price action but the 180x100 and 60x90 dont. So in theory you should have smaller DD. In reality we dont know for sure yet, that is why I post my EAs. I dont have time to test all the variables or have all the ideas. Even though I get credit for these EAs they are not my idea. I just made adjustments. A guy named Galindo wrote this EA several years ago. A guy named Azaam tried to make them work with STO lines. I changed them to MAs and then added distance from a standard MA line. Over time many have given ideas for adjustments so that of the whole EA only a small part is actually my original thinking. I just take suggestions and test them out and all of a sudden something seems to work. I think my best contribution to all this will be my 2.4.2 recovery system because no matter what you use to enter and run trades, the forex will always move in a way that will defeat even the best EAs. So what are you going to do when you get into trouble? That is my best answer for now.[/quote]
Gator - Trader Learning and Earning
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