Help to improve profitable EA - 1H NanningBob 40MA 200 BB | Forex Factory

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Help to improve profitable EA - 1H NanningBob 40MA 200 BB

  • #1
  • First Post: Aug 30, 2009 12:03pm Aug 30, 2009 12:03pm
Hi all,


There is an very interesting and profitable EA described by Nanningbob at:
http://www.forexfactory.com/showthread.php?t=150293

I am testing the 1H NanningBob 40MA 200 BB, so far it is very profitable. See my last statement:

I would like to improve it adding a "Step" for "TakeProfit" .

For exemplo: If I have a "TakeProfit" = 100 pips and a "Step"= 25 pips.

Level 1 = TP will be 100 pips
Level 2 = TP will be 125 pips
Level 3 = TP will be 150 pips....

Any help will be appreciated.

Thanks in advance,

Scali
Attached Image
Attached File(s)
File Type: doc FXDD 1H NanningBob 40MA 200 BB Statement.doc   218 KB | 860 downloads
File Type: mq4 1H NanningBob 40MA 200 BB.mq4   24 KB | 855 downloads
  • #2
  • Aug 30, 2009 12:53pm Aug 30, 2009 12:53pm
What do you mean by a step?

Do you want to have 3 trades for every trade opened and have a different TP for each trade ?
The winner of the rat race is still a rat.
  • #3
  • Aug 30, 2009 5:28pm Aug 30, 2009 5:28pm
Quoting LittleLuca
What do you mean by a step?

Do you want to have 3 trades for every trade opened and have a different TP for each trade ?

Hi,

This EA have a fixed TP for all trades. When the first TP is achieved it close all open trades. I would like to have an option to have a TP with a step.

Example:

If it open a trade with a TP = 50 and Step=25 every time the price moves 100 pips.

First trade - price at 1000 - TP = 50 at 1050
Second trade - price at 900 - TP = 75 at 1025
Third trade - price at 800 - TP = 100 at 1000

Using “steps” I will have a average of TP, not fixed. In this case 25 pips per trade.
  • #4
  • Aug 31, 2009 6:59am Aug 31, 2009 6:59am
Hey scali,

Do you mean for additional trades on the same pair? I thought the idea of the EA was to minimise losses by entering additional times. If you went for a larger TP you might end up hurting its efficacy.

Did you use default settings to produce that statement by the way?
  • #5
  • Aug 31, 2009 8:38am Aug 31, 2009 8:38am
Quoting Mindsphere
Hey scali,

Do you mean for additional trades on the same pair? I thought the idea of the EA was to minimise losses by entering additional times. If you went for a larger TP you might end up hurting its efficacy.

Did you use default settings to produce that statement by the way?

Yes, additional trades on the same pair. The EA is doing great as in my statement, but I am doing different tests. The way that the EA works the order size is multiplied by 1.6, 2.0, 3.0 … or whatever works better for you, the default settings is 2.0. Using multiply = 2.0 if you start with 0.01 the next order will be 0.02 and them 0.04, 0.08, 0.16, …. As far as your “maxTrades” setting.

Pips = 200

L1 = 0.01 Total size opened = 0.01 Pips Coverage = 200
L2 = 0.02 Total size opened = 0.03 Pips Coverage = 400
L3 = 0.04 Total size opened = 0.07 Pips Coverage = 600
L4 = 0.08 Total size opened = 0.15 Pips Coverage = 800
L5 = 0.16 Total size opened = 0.31 Pips Coverage = 1000

So, you have to have a big margin account to go to level 4 or 5 and the risk increase dramatically.

Last week I started doing different tests to avoid this, see my weekly statement - 44% last slow week. The “multiply” is 1.0, so all orders will remain the same, but the TP is increased using “steps” or whatever you want call it. The advantage is: if the price keeping going against you will need less margins with more coverage pips.

Pips = 50

L1 = 0.01 Total size opened = 0.01 Pips Coverage = 50
L2 = 0.01 Total size opened = 0.03 Pips Coverage = 100
L3 = 0.01 Total size opened = 0.07 Pips Coverage = 150
L4 = 0.01 Total size opened = 0.15 Pips Coverage = 200

If you want to go 1000 pips coverage you only need 0.20 to do the same.

L20 = 0.01 Total size opened = 0.20 Pips Coverage = 1000

I know that I need bigger retrace to achieve my TP but less margin, that’s why I need more tests to find the best settings. Right now I am fixing the TP manually until I have it incorporate into the EA.

So I need help.

Yes, settings are default, only one change “maxTrades” I am using 4.

Thanks.
Attached File(s)
File Type: doc FXDD Step Statement.doc   218 KB | 755 downloads
  • #6
  • Sep 2, 2009 2:22am Sep 2, 2009 2:22am
Quoting scali


So I need help.

Thanks.
Here is the edited EA which seems to work. Whatever increase you require can be added externally.
Attached File(s)
File Type: mq4 1H NanningBob 40MA 200 BB-TPVar.mq4   19 KB | 767 downloads
"Put all your efforts in becoming effortless"
  • #7
  • Sep 2, 2009 6:33am Sep 2, 2009 6:33am
Quoting IamTHAT
Here is the edited EA which seems to work. Whatever increase you require can be added externally.


Thank you so much IamTHAT, great work. I started test it and I will post the result in the Nanningbob 60x90 EA Forum.

http://www.forexfactory.com/showthread.php?t=150293


Thank you again.

Scali
  • #8
  • Sep 17, 2009 6:36am Sep 17, 2009 6:36am
@ Scali;

What are the settings that you are using for your Scali-Fxdd-3 demo testing on MyFXBook?

TimeFreedom
  • #9
  • Sep 17, 2009 9:17am Sep 17, 2009 9:17am
Quoting TimeFreedom
@ Scali;

What are the settings that you are using for your Scali-Fxdd-3 demo testing on MyFXBook?

TimeFreedom
What's the system's link? Would like to see it.
  • #10
  • Sep 19, 2009 11:48am Sep 19, 2009 11:48am
Here is the link to the MyFXBook results.

TimeFreedom

Quoting wilkinson
What's the system's link? Would like to see it.
  • #11
  • Last Post: Oct 4, 2009 7:55am Oct 4, 2009 7:55am
Hi Scali,

It seemed that someone has just deleted the post results of Scali-FXDD-3 on that thread today, because yesterday, I still could see it.

By the way, could you please attache your preset files of your other settings which you have used to forward-test this EA with the name Scali-FXDD-3. This testing has higher profit % with lower drawdown of 0.70% only.

By the way, can this EA be used on 5-digit brokers ? Does this EA comply with NFA's new rule on No Hedging and FIFO?

Hope to receive your further explanations soon.
Thanks and regards,
James
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