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Nanningbob 60x90 EA

  • #2,601
  • Sep 17, 2009 8:50am Sep 17, 2009 8:50am
Quoting wilkinson
But how do you determine your support/resistance level? Do you have concise rules for that?

I use the support and resistance indicator found in the 40MA BB and 180x100 package. I was not using it at the time I made the 60x90 system but once I found that indicator I use it all the time. I espescially use it after the 1st 2 levels instead of the 180, 90 or whatever of the EA. It is a much better entrance point. I also often go to the the Daily chart to check those S/R levels and find those are great places to enter 3L or higher retracements. In fact I would be very interested if someone had an indicator that would put the S/R from the daily onto the 4H chart. (not pivot points) That information would be priceless to me.
  • #2,602
  • Sep 17, 2009 9:30am Sep 17, 2009 9:30am
I was very glad, when you put the 4 Level in the folder.Thank you.I get used to the system with 4 Level.
  • #2,603
  • Sep 17, 2009 10:20pm Sep 17, 2009 10:20pm
Quoting ajkonly
I was very glad, when you put the 4 Level in the folder.Thank you.I get used to the system with 4 Level.
I have the 4L and 3L versions of the EAs in the 5D folder now.
  • #2,604
  • Sep 17, 2009 10:20pm Sep 17, 2009 10:20pm
Hi Nanningbob, I was aware of that thanks for the info anyway!

I did however, discover why the EA refused to open orders on GoMarkets..
ougoah, it's because of the 'ECN style' feed that they have recently started using.

To make EAs work, now you have to split OrderSend commands into 2 parts, first calling it w/o SL or TP, then a while later call OrderModify to set the SL and TP accordingly

I've included sample code below, hope this helps anyone in the same boat as me



Example original code:
OrderSend(Symbol(),OP_SELL,mylotsi,SellPrice,slippage,sl,tp,"MyMEFx EA"+MagicNumber,MagicNumber,0,ArrowsColor);

Example revised code:
//OrderSend(Symbol(),OP_SELL,mylotsi,SellPrice,slippage,sl,tp,"MyMEFx EA"+MagicNumber,MagicNumber,0,ArrowsColor);
ticketNum = OrderSend(Symbol(),OP_SELL,mylotsi,SellPrice,slippage,0,0,"MyMEFx EA"+MagicNumber,MagicNumber,0,ArrowsColor);
if(ticketNum != -1) { Sleep(10000);
OrderModify(ticketNum,OrderOpenPrice(),sl,tp,0,ArrowsColor);}

Quoting nanningbob
GO MARKETS is not a penny broker. You need to reset the EA lot size to .10 from .01. The smallest it trades is a dime.
  • #2,605
  • Sep 18, 2009 12:10am Sep 18, 2009 12:10am
Quoting silv3r4sh
Hi Nanningbob, I was aware of that thanks for the info anyway!

I did however, discover why the EA refused to open orders on GoMarkets..
ougoah, it's because of the 'ECN style' feed that they have recently started using.

To make EAs work, now you have to split OrderSend commands into 2 parts, first calling it w/o SL or TP, then a while later call OrderModify to set the SL and TP accordingly

I've included sample code below, hope this helps anyone in the same boat as me



Example original code:
OrderSend(Symbol(),OP_SELL,mylotsi,SellPrice,slippage,sl,tp,"MyMEFx...
OK did not know all that. Thanks for the info.
  • #2,606
  • Sep 18, 2009 12:46am Sep 18, 2009 12:46am
Hey silv3r4sh and nanningbob,

To silv3r4sh: on the issue of trades not being opened, I set SL and TP to 0 in the EA settings, and typed them in manually for each trade after they were opened. Thank you for the code help and the additional info!

To nanningbob: I'm new to forex and a bit confused over what "penny" and "dime" brokers are. My GoMarkets platform actually allows me to buy 0.01 size lots (1000 units I believe). Is this what's meant by "penny"? Or does it refer to "1 penny per pip", which is 0.001 size on a standard account. Thanks a lot for your help.

ougoah
  • #2,607
  • Sep 18, 2009 2:33am Sep 18, 2009 2:33am
Quoting ougoah
Hey silv3r4sh and nanningbob,

To silv3r4sh: on the issue of trades not being opened, I set SL and TP to...
Depending on the broker .01 with IBFX equals one USA penny or a penny a pip. I like to trade live instead of demo, I feel it is very realistic even though sums can be small. Once I am comfortable with a system then I go to .10 or a dime a pip. Some brokers only go as small as a dime a pip and that can be .01 or .10 with them. My EAs are set at .01 so if your broker only handles .10 lots then the EA wont work. I have read that GO MARKETS may go a penny a pip but I have not heard officially that they have. IBFX is the best penny broker I know of but if someone else reputable comes along many of us would be interested to see if there is something better.
  • #2,608
  • Sep 18, 2009 2:53am Sep 18, 2009 2:53am
Thank you Bob!
  • #2,609
  • Sep 18, 2009 4:51am Sep 18, 2009 4:51am
Quoting silv3r4sh
Hi Nanningbob, I was aware of that thanks for the info anyway!

I did however, discover why the EA refused to open orders on GoMarkets..
ougoah, it's because of the 'ECN style' feed that they have recently started using.

To make EAs work, now you have to split OrderSend commands into 2 parts, first calling it w/o SL or TP, then a while later call OrderModify to set the SL and TP accordingly

I've included sample code below, hope this helps anyone in the same boat as me



Example original code:
OrderSend(Symbol(),OP_SELL,mylotsi,SellPrice,slippage,sl,tp,"MyMEFx...
Hi silv3r4sh, you bet me to it. i know about why it has buy then set sl tp , but did not know where in the code it was. thanks i can apply it to my other systems. i have been use the EA form " Help regarding NanningBob EA"
v1.9 and change the sl to 360. cool
bob go markets dose go to .01 and 1 cent (AUD) per pip or last dig 0.87736 etc.. so 3 is the pip whats the 6 a mini pip
have fun guys. ............ come on my account...
daz
  • #2,610
  • Sep 18, 2009 5:25am Sep 18, 2009 5:25am
I've followed this thread for some time and just want to thank you all for a very interesting read.

Keep up the good work!

treo
  • #2,611
  • Edited 7:23am Sep 18, 2009 6:18am | Edited 7:23am
Hiya Nanningbob, could you try the indicator I've attached and see if it's what you are looking for?
I can't take credit for it obviously, as I've left the real author's name in the code (however I did modify it so that only the SR lines from the daily TF are displayed...)

But still, it would be fantastic if I've managed to help you find these 'priceless' jewels!


Quoting nanningbob
I use the support and resistance indicator found in the 40MA BB and 180x100 package. I was not using it at the time I made the 60x90 system but once I found that indicator I use it all the time. I espescially use it after the 1st 2 levels instead of the 180, 90 or whatever of the EA. It is a much better entrance point. I also often go to the the Daily chart to check those S/R levels and find those are great places to enter 3L or higher retracements. In fact I would be very interested if someone had an indicator that would put the S/R from the daily...
Attached File(s)
File Type: mq4 #KG Support and Resistance [Daily].mq4   6 KB | 349 downloads
  • #2,612
  • Sep 19, 2009 8:08pm Sep 19, 2009 8:08pm
USA FOMC and interest rate is Wed. dont expect any changes at this time but there are some rumors. Good luck.
  • #2,613
  • Sep 20, 2009 1:56am Sep 20, 2009 1:56am
I have noticed a small limitation when using this indicator - the latest D1 support/resistance line are not displayed immediately, but they actually do appear a little later
I have attached screenshots to explain clearer...

Quoting silv3r4sh
Hiya Nanningbob, could you try the indicator I've attached and see if it's what you are looking for?
I can't take credit for it obviously, as I've left the real author's name in the code (however I did modify it so that only the SR lines from the daily TF are displayed...)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h4.jpg Size: 60 KB
Click to Enlarge Name: h4_2.jpg Size: 66 KB
Attached Image
  • #2,614
  • Edited 2:49am Sep 20, 2009 2:30am | Edited 2:49am
Quoting silv3r4sh
I have noticed a small limitation when using this indicator - the latest D1 support/resistance line are not displayed immediately, but they actually do appear a little later
I have attached screenshots to explain clearer...
Looks like a good indicator. You have to have several touches before it will make a line, however, if you go back in time you will find an old S/R line somewhere and use that until the new one is drawn. I took a look at it and this looks great. I made one modification, I also let it show the 4H S/R lines in a real light color just to see what it looked like and I got this. The white dots are where the 4H s/r lines are at. Will try it for a while and see what I like best. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: aud cad daily s r.gif Size: 24 KB
  • #2,615
  • Sep 21, 2009 7:16am Sep 21, 2009 7:16am
Hello nanningbob,

"I made one modification, I also let it show the 4H S/R lines in a real light color just to see what it looked like and I got this."

Can you please tell me where from can I download that version?

Best regards
Maxim
  • #2,616
  • Sep 21, 2009 9:22am Sep 21, 2009 9:22am
Here is a 4H Daily S&R. I am just experimenting with this now but here is the 4H and Daily S/R. Daily is pink and blue and 4H is a very light white. These lines can be seen on all TF.
Attached File(s)
File Type: mq4 4H&D S&R.mq4   6 KB | 439 downloads
  • #2,617
  • Sep 21, 2009 11:05am Sep 21, 2009 11:05am
i was testing the 1h BB EA in a demo accont and i have a question...

do the ea close a order when the price has retrace to the center line, or when the price goes to the opposite line?

i had a order that EA didn't close and the price retrace to the opposite line...

another question regarding the 242 system, when you place your first recovery order is it the same type as the EA order or opposite?

I can't make the 242 EA to work either so does anybody have a clue?

thanks
  • #2,618
  • Sep 21, 2009 2:05pm Sep 21, 2009 2:05pm
Hey Bob,

Long time no chat, took a few months off amongst all the chaos

Just a quick question, which EA/system are you currently trading live? There seem to be quite a few threads and even more EA's and not sure which are yours and which are mods.

Thanks!
"The market giveth and the market taketh away"
  • #2,619
  • Sep 21, 2009 6:26pm Sep 21, 2009 6:26pm
Quoting urbanFX
Hey Bob,

Long time no chat, took a few months off amongst all the chaos

Just a quick question, which EA/system are you currently trading live? There seem to be quite a few threads and even more EA's and not sure which are yours and which are mods.

Thanks!
I trade the 4H trading system on one account and the 180x100 on my other live account. I am using the 4H BB on a demo, I did use it for a while on a live account but there was some kind of mixup so I am testing it on a demo for a while.
  • #2,620
  • Sep 21, 2009 6:31pm Sep 21, 2009 6:31pm
Quoting guito2009
i was testing the 1h BB EA in a demo accont and i have a question...

do the ea close a order when the price has retrace to the center line, or when the price goes to the opposite line?

i had a order that EA didn't close and the price retrace to the opposite line...

another question regarding the 242 system, when you place your first recovery order is it the same type as the EA order or opposite?

I can't make the 242 EA to work either so does anybody have a clue?

thanks
NO, you need to close orders. I think the TP is set at 100 or 200 pips. Once a trade is in profit you ALWAYS move up your SL. Never let a winning trade turn into a loser. I am sitting on a gbp/chf because I didnt move up my SL, so instead of a quick 35-50 pip winner I am now 3 levels deep trying to dig my way out of the hole.

I dont use the 2.4.2 EA even though it is a good idea. If the 2.4.2 EA magic number is not the same as the EA you are using, it is not going to work. So make sure your Magic numbers are the same. I trade the 2.4.2 recovery system manually using S/R lines.
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