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Nanningbob 60x90 EA

  • #2,481
  • Aug 30, 2009 8:45pm Aug 30, 2009 8:45pm
Quoting kof91
We have been watching interest rate news closely since the dawn of 60x90 EA, just wondering if the interest rate news could be as important for newer EA like 180x100 and 40MA BB 200x200 as the trading range has increase significantly. Any thought/comment on this?
This comes from hard experience. If there are major changes in interest rates the market will go nuts. Just remember last Oct. Interest change are fundamental changes in currency direction. Over 30% of traders are fundamental traders and when interest rates change they all go with it so you will see a big jump in the market. Now if it is a .25% change that will not cause as much as a 1% or 2% change. If there is no change then it will be business as usual. Do I expect there to be an interest rate change? No. The economies of the world have not recovered yet so governments are still trying to stimulate the economy. To do a change now would dampen economic recovery so I do not expect any changes. However, if one did happen the moves would be stunning. If you are on the good side, great, if not, you have major trouble. Will I be in the markets all this week. Probably. However, if there is a change, I will probably close the ones that arent going in the right direction and just take my losses over trying to ride them out. I tried riding out last OCT. and got killed.

One of the things I did was go over my big losing trades last year. I saw one contributing factor almost every time. Interest rate change. I take those trades out and I would have had a great year. So for me I have learned my lesson:
1. dont trade them
2. If you do and they change, just get out and take the loss.
To me my EAs will keep knocking down profits and the 15 or so days out of the year I dont trade are worth my account sanity.

So in conclusion, The 180x100 and 200x200 are much better designed to ride out a rough patch. Dont know if they can take a major interest rate change but probably can handle small changes. The other part of interest rate change and the guys in the aud/nzd thread know about this. The rate change news may not move the market enough to beat the EA but auxillary news that comes out hours after can kill you. So if banks and/or the govt change rates and then some big trader (Buffet), bank board, Bernanke, Trichet, bond rating company, ETC. comes on two hours later and open their mouths, then some real damage can be done. Then all of a sudden weeks of profit can be gone in a few minutes of time. I have experienced this too many times to want to go through it again. One of the major reasons I only do 2-3 levels is they may damage my account at some point but I am protecting my principal against a wipeout.
  • #2,482
  • Aug 30, 2009 9:04pm Aug 30, 2009 9:04pm
Here is a jpy/gbp trade that just went 4th level on me. I decided to close it out rather than do my 2.4.2 system. The reason is it just broke a major Support line on a 4 H chart and I just didnt think it was worth fighting. It is also election day in Japan and I figure that will move the market. Maybe in the wrong direction for me so it took out about 15% of my Aug. profit. This is why I like to trade the 4H chart. Maybe I made a bad decision but it is a long way to the next major support line so why tie up my margin. I took the loss and move on. I also made a dumb decision in not taking that last retrace. I thought the run was done and I could maybe profit down the road. Bad decision on my part. I had a small loss then I ended up taking a bigger one now. Here is a pic of the chart and you will see the 4H BB added trade to the chart, so I start over. GBP is killing my profits right now. THe gbp/jpy and gbp/chf, them bums. Might as well show you some of my bad trades too.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy.gif Size: 33 KB
  • #2,483
  • Aug 30, 2009 10:37pm Aug 30, 2009 10:37pm
  •  kof91
  • | Joined Apr 2009 | Status: You only lose what you cling to. | 13 Posts
Quoting nanningbob
This comes from hard experience. If there are major changes in interest rates the market will go nuts. Just remember last Oct. Interest change are fundamental changes in currency direction. Over 30% of traders are fundamental traders and when interest rates change they all go with it so you will see a big jump in the market...
Thanks for the insights on the fundamental. Knowing when to fight or run is the key..

I did a some calculation on the 180x100 and BB 200x120 (I am using 120tp instead of default 200tp), cutting the losses at 2 Level is quite reasonable. Basic idea of the stop loss is Pips x 2 hence for 180x100 the stop loss will be 360. The main objective is to look for settings that can be set and forget without applying rescue if all possible.

Of course some situation it will be better to apply level 3 or rescue. The decision of going Level 3 will be a case by case basis. But what if we are not in front of the terminal to make the decision? Especially when when fundamental news hit, movement can be pretty wild. Instead of going into next level blindly it might be better to hit SL and restart at level 1. Let me tidy up the excel spreadsheet and I will post it out later.

I've been testing with 2 level settings with short stop loss for both 180x100 and BB 200x120. Current result looks quite promising and keeping the losses small and profit rolling in. I will post the result to once I have a monthly data.
  • #2,484
  • Aug 30, 2009 10:54pm Aug 30, 2009 10:54pm
  •  kof91
  • | Joined Apr 2009 | Status: You only lose what you cling to. | 13 Posts
Quoting nanningbob
Here is a jpy/gbp trade that just went 4th level on me. I decided to close it out rather than do my 2.4.2 system. The reason is it just broke a major Support line on a 4 H chart and I just didnt think it was worth fighting. It is also election day in Japan and I figure that will move the market. Maybe in the wrong direction for me so it took out about 15% of my Aug. profit. This is why I like to trade the 4H chart. Maybe I made a bad decision but it is a long way to the next major support line so why tie up my margin. I took the loss and move on....
This was last week's trade, on 180x100 I am using 360 SL on 2Level. I got stopped out on both gbp/jpy and gbp/chf. gbp/chf doesn look too good so after SL i suspend trading for the pair. Both pair hit at 2L deep, not too bad both recovered within the week itself.

On BB 200x120 I am on both level 3 for gbp/jpy and gbp/chf. The retracement for gbp/jpy closed my L3 trade. I think it is due to my tp is 120pips. Now I am in a similar trade as you have just shown
I made a dumb decision for not taking retracement for gbp/chf as of now I am stuck in 3Level. Probably gonna take the loss if it breaks down another resistance level.
  • #2,485
  • Aug 30, 2009 11:06pm Aug 30, 2009 11:06pm
Quoting kof91
This was last week's trade, on 180x100 I am using 360 SL on 2Level. I got stopped out on both gbp/jpy and gbp/chf. gbp/chf doesn look too good so after SL i suspend trading for the pair. Both pair hit at 2L deep, not too bad both recovered within the week itself.

On BB 200x120 I am on both level 3 for gbp/jpy and gbp/chf. The retracement for gbp/jpy closed my L3 trade. I think it is due to my tp is 120pips. Now I am in a similar trade as you have just shown
I made a dumb decision for not taking retracement for gbp/chf as of now I am stuck...
Both of your posts show good sound trading reason. Nice work. Funny how I took the retrace on the gbp/chf, go to my Nanningbob 4H trading system thread and you will see my gbp/chf trade there and how I got out with just a 50 pip loss on the trade. Why I stuck with the gbp/jpy, dont know, maybe I was just being lazy. I could have been out lightly on that one too. Either way, no matter how good of a trader you may think you have become, when you make a mistake the market loves to punish you. I just wish I was rewarded just as greatly by my good decisions but unfortunately it doesnt appear to work that way. Anyway good sound logic. If gbp/jpy reverses during the euro session I wont kick myself, if I do, next time I might make a worse decision.
  • #2,486
  • Aug 31, 2009 2:55am Aug 31, 2009 2:55am
  •  kof91
  • | Joined Apr 2009 | Status: You only lose what you cling to. | 13 Posts
As mention in the earlier post, here is the stop loss calculation spreadsheet for 180x100 and 40MA BB EA. Problems, comments and questions? ask away
Attached File(s)
File Type: xls nanningbob EA SL calculation.xls   24 KB | 373 downloads
  • #2,487
  • Aug 31, 2009 11:35pm Aug 31, 2009 11:35pm
Hi Bob,
I'm forward testing the 1 hr 40MA 200 BB.
I would like to try it with a small real account to check performance against demo feed. I strikes me though that the TP should be hidden from broker interference. The SL is far enough away not to worry about.
Would it be possible to code this in?
We all see the same dream, just from different viewpoints
  • #2,488
  • Edited 1:01am Sep 1, 2009 12:33am | Edited 1:01am
Quoting Ironbark
Hi Bob,
I'm forward testing the 1 hr 40MA 200 BB.
I would like to try it with a small real account to check performance against demo feed. I strikes me though that the TP should be hidden from broker interference. The SL is far enough away not to worry about.
Would it be possible to code this in?
I have altered a version of der stratege's EA which had hidden TP option, with BB. I have not tested it yet. Hope it works.
Attached File(s)
File Type: mq4 NanningBobV2.1BB.mq4   19 KB | 374 downloads
"Put all your efforts in becoming effortless"
  • #2,489
  • Sep 1, 2009 1:36am Sep 1, 2009 1:36am
Quoting Ironbark
Hi Bob,
I'm forward testing the 1 hr 40MA 200 BB.
I would like to try it with a small real account to check performance against demo feed. I strikes me though that the TP should be hidden from broker interference. The SL is far enough away not to worry about.
Would it be possible to code this in?
The hidden TP is because some brokers, (including IBFX) were enlarging the spreads as price got closer to TP. I had published some pics in another thread showing this action. I moved my TP to 200+ and I try closing them at S/R lines manually to avoid this. Some guys have written programs that put the TP at one setting on their servers but the EA will close it at another TP level. So there are several but IAMTHAT has just posted one so you can test it and see how it works. I havent seen IBFX do this lately but you just never know sometimes on these companies. I had one trade go 30pips past the TP line this summer and then retraced. It later came back to the same TP line and the second time it did close. Dont know if that was a broker problem or a connection problem though. There is also another EA that wont enter the trade until the spread is within a certain number. For example eur/usd is normally 2 or 3 pips but if it expands to 8 the EA wont enter until it comes back to 3 or less if you set it up that way. So some of these guys have put a lot of effort into improving these EAs.
  • #2,490
  • Sep 1, 2009 1:37am Sep 1, 2009 1:37am
Quoting IamTHAT
I have altered a version of der stratege's EA which had hidden TP option, with BB. I have not tested it yet. Hope it works.
Thanks, I was thinking of taking his and adjusting it but you did so that saves me some time. I liked the way he had cleaned up some of the coding.
  • #2,491
  • Sep 1, 2009 1:46am Sep 1, 2009 1:46am
Quoting IamTHAT
I have altered a version of der stratege's EA which had hidden TP option, with BB. I have not tested it yet. Hope it works.
Thanks..There's so many variables, it's nice to remove one of them.
We all see the same dream, just from different viewpoints
  • #2,492
  • Sep 1, 2009 5:32pm Sep 1, 2009 5:32pm
Quoting maximf
Hello dmjservices,

Can you please tell me what is the exact problem you are facing with?

Maxim
when the EA starts up if the currency comes online it gets in 2 levels
the markets moving, time to get in!
  • #2,493
  • Sep 1, 2009 9:40pm Sep 1, 2009 9:40pm
Quoting Ironbark
Thanks..There's so many variables, it's nice to remove one of them.
Which variable? May be you can group them differently..
"Put all your efforts in becoming effortless"
  • #2,494
  • Sep 1, 2009 9:56pm Sep 1, 2009 9:56pm
Quoting IamTHAT
Which variable? May be you can group them differently..
No I just meant the unknown broker interference, variable.
We all see the same dream, just from different viewpoints
  • #2,495
  • Sep 2, 2009 1:53am Sep 2, 2009 1:53am
I have had some guys email me about 4H and 1H 40MA BB. Inside is both the 4Digit and 5 digit versions. I decided to put them all in one package for download. These are the same EAs posted earlier and they do not have the added changes from others. There are no templates or anything else just the EAs. OK
Attached File(s)
File Type: zip 1H 4H 40MA BB 5D & 4D.zip   95 KB | 404 downloads
  • #2,496
  • Sep 2, 2009 1:27pm Sep 2, 2009 1:27pm
Quoting jacky
This is my demo continuse and live result at ibfx with capital 120 usd,about almost 2% growth a week,not bad.
Thanks Bob for this great EA and drawdown solution

Regards,

Jacky
my live account update 02 set 09
Attached File(s)
File Type: zip Interbank FX nanning bob EA 60 x 90 2 sept 09.zip   32 KB | 327 downloads
  • #2,497
  • Sep 2, 2009 5:54pm Sep 2, 2009 5:54pm
i think when my code is loading ATR numbers i think it scales to 1x1 because the trades are always at least 1-2 pips away.
but after loading they run perfectly
the markets moving, time to get in!
  • #2,498
  • Sep 2, 2009 6:40pm Sep 2, 2009 6:40pm
180x200 totals for the month of August. 75% win ratio not bad This is my live account

Total Trades: 221
Short Positions (won %):
110 (75.45%)
Long Positions (won %):
111 (75.68%)
Profit Trades (% of total): 167 (75.57%)
Loss trades (% of total): 54 (24.43%)
  • #2,499
  • Sep 2, 2009 6:42pm Sep 2, 2009 6:42pm
This is the 4H 40MA BB for the month of August. I only ran this since Aug. 16 on a demo account. I started this live in Sept.

Total Trades: 53
Short Positions (won %): 15 (100.00%)
Long Positions (won %): 38 (78.95%)
Profit Trades (% of total): 45 (84.91%)
Loss trades (% of total): 8 (15.09%)
  • #2,500
  • Sep 2, 2009 6:45pm Sep 2, 2009 6:45pm
This is the 60x90 on a demo but only over the last week of Aug.

Total Trades: 36
Short Positions (won %): 12 (100.00%)
Long Positions (won %): 24 (62.50%)
Profit Trades (% of total): 27 (75.00%)
Loss trades (% of total): 9 (25.00%)
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