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Nanningbob 4H trading system

  • #341
  • Sep 19, 2009 8:26pm Sep 19, 2009 8:26pm
Quoting nico28
Good Morning Bob,

I have not seen the 3x3MA appear on my sreeen evemthough I have add all programme into MT4.
Did I miss anything ? Thankyou
U won't see the 3ma's on the screen. If u put ea on chart it will enter at the cross even though u won't see it
  • #342
  • Sep 20, 2009 12:22am Sep 20, 2009 12:22am
Quoting nico28
Good Morning Bob,

I have not seen the 3x3MA appear on my sreeen evemthough I have add all programme into MT4.
Did I miss anything ? Thankyou
It is easy to add. MA 3 LWMA Median with MA 3 Median LWMAshift 1 on the 4H chart. Then you can see about where it should enter.
  • #343
  • Sep 20, 2009 3:40am Sep 20, 2009 3:40am
thankyou, Bob.

With regard to the recovery system 242424.
When there is a setup and we turn the EA on and let the EA pick the entry for us. Do we trade with 0.1 as per original EA or we have to key in 0.2 lot for the first setup ?

But on 2nd though, you name it recovery, it means we have already in lossing positions and you aply the 242 recovery system trying to reduce the loss. If this is the case, you allow up to how many levels L1, L2 or L3 before using 0.2, 0.4, 0.2 recovery system ?
  • #344
  • Sep 20, 2009 10:08am Sep 20, 2009 10:08am
Quoting nico28
thankyou, Bob.

With regard to the recovery system 242424.
When there is a setup and we turn the EA on and let the EA pick the entry for us. Do we trade with 0.1 as per original EA or we have to key in 0.2 lot for the first setup ?

But on 2nd though, you name it recovery, it means we have already in lossing positions and you aply the 242 recovery system trying to reduce the loss. If this is the case, you allow up to how many levels L1, L2 or L3 before using 0.2, 0.4, 0.2 recovery system ?
How much your lot size depends on what you want to trade. That is dependent on your margin, leverage and risk factors. The EA is set at a minimum. You have to find what you are comfortable with. Right now I am trading .05 on 400 dollars at 400:1 leverage. I can keep my margin usage between 5-15% of my account with this. You will notice when I pass the -1300 barrier I am closing a trade now and then. It is what I am experimenting with right now. I try to keep my margin usage to less than 15% of my account. This way if I have to use a recovery I have the margin to do that.

The 2.4.2 recovery can start on the 4th level. When you get 4 levels deep you drop the 1st level and try to make the other 3 break even. I am trading more conservative than that right now by trying not going much deeper than the 3rd level. If I had a 1-2000 dollars in my account I probably would not have closed any losing trades this week for a loss because I would have the funds to ride the trades out. I also am up for the month so I am more interested in preserving the profits I have already made. So I know you guys want hard and fast rules but I dont believe you can always trade the market that way. You have to learn to trade with some discretion. I know if price breaks a strong daily S/R line it may go on a long run. The gbp/chf has done that so I decided not to use the recovery system on it but just take the loss. I did leave one level going and it is approaching another strong S/R level. If it breaks that one I am going to close and be done with that pair until it finally gets done with its run. Yes I will take a beating on that series of trades but my account will be healthy and still up for the month. So S/R is very important to me when applying recovery methods. If I am 3 levels into a pair and then it breaks a major daily S/R level I have learned to just eat it, fighting a move like that is asking for a lot of trouble. So it is hard to write hard and fast rules when trading is discretionary like that. The majority of time you will get the bounce but once in a while price will take a run and knowing when to bail out is very important. Hopefully this is clear as mud.
  • #345
  • Sep 20, 2009 8:22pm Sep 20, 2009 8:22pm
Thankyou very much for your details explanation. Not sure if i can sum up this way, If the trend is strong, don't flight the trend.

One more question is i understand if we don't want the EA to work, we can cancel it. Now if I already have a EA turn on for USDCHF, and later decide I want to cancel this pending order. Could you advise how to turn off ? Thankyou.
  • #346
  • Sep 21, 2009 12:22am Sep 21, 2009 12:22am
Quoting nico28
Thankyou very much for your details explanation. Not sure if i can sum up this way, If the trend is strong, don't flight the trend.

One more question is i understand if we don't want the EA to work, we can cancel it. Now if I already have a EA turn on for USDCHF, and later decide I want to cancel this pending order. Could you advise how to turn off ? Thankyou.
I have in my templates a blank screen. It is not blank but a template with no EA on it, I just call it a blank. Just take the basic screen, take off the EA, change the back ground color and name it 4H blank or 60x90 blank. I just put that template on and then cancel the order. I do this for any currency pair I decide needs to be manually traded versus EA. It is how my 4H trading system works. The EA enters the trade and then I take it off and manually trade it after that. Basically right now I let the EA handle the first 2 levels and then I handle most, but not all, my trades after that. The main reason is I enter my extra levels at S/R instead of some predetermined number. Also, if news is telling me a currency may go on a long run (more than 3-500 pips) and I am already 2 levels deep, I may choose to just take the loss instead of trying to recover the trade.
  • #347
  • Sep 21, 2009 12:27am Sep 21, 2009 12:27am
Quoting nico28
Thankyou very much for your details explanation. Not sure if i can sum up this way, If the trend is strong, don't flight the trend.

One more question is i understand if we don't want the EA to work, we can cancel it. Now if I already have a EA turn on for USDCHF, and later decide I want to cancel this pending order. Could you advise how to turn off ? Thankyou.
I dont mind strong trends as long as they have their retracements. However, on rare occassions a currency will trend so strongly, the fundamental news is so big, the currency cant retrace and just runs and runs. A good example is the 10 day run of the USD/CHF last December. Those you want to avoid at all costs. The GBP/CHF maybe in one now. It keeps breaking daily S/R lines without bouncing or retracing.
  • #348
  • Sep 21, 2009 4:48am Sep 21, 2009 4:48am
Quoting nanningbob
I have in my templates a blank screen. It is not blank but a template with no EA on it, I just call it a blank. Just take the basic screen, take off the EA, change the back ground color and name it 4H blank or 60x90 blank. I just put that template on and then cancel the order. I do this for any currency pair I decide needs to be manually traded versus EA. It is how my 4H trading system works. The EA enters the trade and then I take it off and manually trade it after that. Basically right now I let the EA handle the first 2 levels and then I handle...
Hi, Nannigbob! I used EA BUY 150 2L4H4D.10 on GBPUSD. EA has entered into the market 2009.09.18 ат 17.28/GMT+4/. BUY 1.6374. As a result the transaction was closed on SL-134 pips.Настройки were on a default in particular Stoch_TF-30. It can be necessary to change on Stoch_TF-240? Thanks.
  • #349
  • Sep 21, 2009 4:52am Sep 21, 2009 4:52am
Quoting nanningbob
I have in my templates a blank screen. It is not blank but a template with no EA on it, I just call it a blank. Just take the basic screen, take off the EA, change the back ground color and name it 4H blank or 60x90 blank. I just put that template on and then cancel the order. I do this for any currency pair I decide needs to be manually traded versus EA. It is how my 4H trading system works. The EA enters the trade and then I take it off and manually trade it after that. Basically right now I let the EA handle the first 2 levels and then I handle...
Hi, Nannigbob! I used EA BUY 150 2L4H4D.10 on GBPUSD. EA has entered into the market 2009.09.18 ат 17.28/GMT+4/. BUY 1.6374. As a result the transaction was closed on SL-134 pips.Settings were on a default in particular Stoch_TF-30. It can be necessary to change on Stoch_TF-240? Thanks.[/quote]
  • #350
  • Sep 21, 2009 9:31am Sep 21, 2009 9:31am
Quoting fxforever
Hi, Nannigbob! I used EA BUY 150 2L4H4D.10 on GBPUSD. EA has entered into the market 2009.09.18 ат 17.28/GMT+4/. BUY 1.6374. As a result the transaction was closed on SL-134 pips.Settings were on a default in particular Stoch_TF-30. It can be necessary to change on Stoch_TF-240? Thanks.
[/quote]

I called a buy but the 3x3 EA has not entered yet. It is still waiting to enter the trade. Why are you in it??
  • #351
  • Sep 21, 2009 9:55am Sep 21, 2009 9:55am
I called a buy but the 3x3 EA has not entered yet. It is still waiting to enter the trade. Why are you in it??[/quote]


I too have the ea turned on but it hasn't opend this trade yet. matter of fact looks like it could be a pretty good day

have turned on the ea on several pairs. now just waiting for the ea to kick in. we shall see.... carrying over a little DD from last week but not anything too bad

good luck to all
  • #352
  • Sep 21, 2009 10:40am Sep 21, 2009 10:40am
Quoting fxforever
Hi, Nannigbob! I used EA BUY 150 2L4H4D.10 on GBPUSD. EA has entered into the market 2009.09.18 ат 17.28/GMT+4/. BUY 1.6374. As a result the transaction was closed on SL-134 pips.Настройки were on a default in particular Stoch_TF-30. It can be necessary to change on Stoch_TF-240? Thanks.
I am not sure what you are using here. We have not used a Sto based EA for almost 3 Years. My EAs are based on Moving averages, also the 3x3 is based on a 4H chart so no matter what TF you use it wont enter until the 3x3 cross on the 4H chart. So being on a TF 30 does not change the EA entrance. I also have no 134 pip SL on any of my EAs so I am curious as to why you closed out there??
  • #353
  • Sep 21, 2009 7:01pm Sep 21, 2009 7:01pm
TAKE PROFITS
gbp/nzd +43 added a 2L and took profit
CLOSED FOR LOSS
aud/usd -50 showed a buy signal so closed the last of this trade
eur/usd -24 closed the last of this series of trades.

OPEN TRADES
chf/jpy -82
eur/gbp L2 -161 L3 -61 well that one went nowhere yesterday.
eur/jpy L1 -198 L2 -3
gbp/chf L3 -181 L4 -0 This one went nowhere yesterday
gbp/nzd L1 -400 2L -43 Yesterday I added a 2nd level at Resistance and it went up. I added a TS and price came back and TP for a +43. This morning it dropped suddenly so I added a 2L again. See what happens. Wonder if the GBP will ever recover from dropping and people are worried about the USD, wonder what the Brits are thinking??
gbp/usd 0 just entered
nzd/jpy -108
USD/SGD -68
usd/jpy 0 just entered

Sudden move by NZD changed my carryover but not to concerned at this poiont.

TOTALS
total for day -31
-587 for the week
Carry over -1305

Total for the month of Sept. +989

NEW TRADES
Buy aud/nzd (did a big drop but the EA has not entered yet) aud/usd aud/chf

Sell eur/cad, eur/aud,

Looks like an aud day.
  • #354
  • Sep 22, 2009 8:19am Sep 22, 2009 8:19am
I have been testing ver 1.9 180 x 100 and the closed trades are doing OK, but not great. In looking at the EA, I was using the default settings. It did not have anything in the TF settings. I just changed it to 240 for 4 hrs, which is what my charts are on. That should make a lot of difference in how the EA takes trades, yes or no? This should improve the performance shouldn't it?
Gator - Trader Learning and Earning
  • #355
  • Sep 22, 2009 9:24am Sep 22, 2009 9:24am
Quoting gator-trader
I have been testing ver 1.9 180 x 100 and the closed trades are doing OK, but not great. In looking at the EA, I was using the default settings. It did not have anything in the TF settings. I just changed it to 240 for 4 hrs, which is what my charts are on. That should make a lot of difference in how the EA takes trades, yes or no? This should improve the performance shouldn't it?
You are on the wrong thread for that EA but I will answer your question. The 180x100 EA I use is posted on page 1 1st post of the 60x90 thread. It is hard coded to the 4H chart. The one you have is someone elses with whatever changes they made. You need to go back and see what they have done with it. Right now the last two weeks are very rough on my trading systems. Several currencies are trending strongly without major retracements and it takes some headsup trading to get through this stretch. As you can see I have already taken some hits on some trades and probably will take a couple of more. I just reason if I can get through these stretches with a break even, I have done very well because then I will make money and increase my account when the currencies get back to their bouncy thing.

I can see all the NZD pairs have gone way overbought or oversold for the news story in about 6 hours and that tells me, unless there is a big suprise they will make a corrective move. I will be looking forward to that because it will help me on several trades. Anyway good luck.
  • #356
  • Sep 22, 2009 5:47pm Sep 22, 2009 5:47pm
Finally seem to be getting some up and down movement again. Had a good day all around, closed the gbp/usd too early but other than that some nice moves.
TAKE PROFITS
aud/usd +88
aud/chf +7 hit my TS
eur/aud +63
gbp/usd +90 closed this too early should have been +160-70
usd/jpy +63
CLOSED FOR LOSS
NONE

OPEN TRADES
aud/nzd +26
chf/jpy 1L -80 2L 0 just added 2L
eur/cad 0
eur/gbp L2 -143 L3 -18
eur/jpy L1 -170 L2 +23
eur/nzd +38
gbp/chf L3 -181 L4 -0 This one went nowhere yesterday
gbp/nzd L1 -357 2L -0 This one about gave me a heart attack yesterday but now seems to be finally going in the right direction. At least we hope.
nzd/chf +20
nzd/jpy 1L -90 2L +15
nzd/usd +10
USD/SGD 1L -113 2L 0

TOTALS
total for day +311
-276 for the week
Carry over -1020

Total for the month of Sept. +1300

NEW TRADES
Buy eur/nzd
Sell nzd/chf nzd/jpy nzd/usd

I actually entered all these NZD trades at the end of the eur session but they are still all good to go.

Looking for another good day. Prices will probably sit around until the FOMC statement later in the day.
  • #357
  • Sep 22, 2009 9:38pm Sep 22, 2009 9:38pm
Hi Bob,

I see the 1L is 0.01 and 2L is 0.10 by default. Is there any meaning 0.01 and 0.10 ? like 0.01 is 1 micro lot when enter 1L, and when enter 2L, the volume is 1 mini lot ?
Or we enter difference levels with same volume ?

thankyou
  • #358
  • Sep 23, 2009 4:45am Sep 23, 2009 4:45am
Quoting nico28
Hi Bob,

I see the 1L is 0.01 and 2L is 0.10 by default. Is there any meaning 0.01 and 0.10 ? like 0.01 is 1 micro lot when enter 1L, and when enter 2L, the volume is 1 mini lot ?
Or we enter difference levels with same volume ?

thankyou
I have no idea what you are talking about. Unless you multiply L1 by 10 you cant have a 2L of .10 from .01. There is no default for level 2. It is determined by the multiplication of Level 1.
  • #359
  • Sep 23, 2009 7:03pm Sep 23, 2009 7:03pm
Had a good day and cut my carryover in half. Got rid of some bad trades and am done with the gbp/nzd. Just too volatile a pair for me.
TAKE PROFITS
eur/gbp +67
gbp/chf +72
gbp/nzd +71
nzd/jpy +55

CLOSED FOR LOSS
gbp/nzd -270 closed this pair and will trade it no more too volatile for me. It just is not worth it.

OPEN TRADES
aud/nzd -42
chf/jpy 1L -58 2L +22 ( I like the look of the double top on the 4H chart)
eur/cad -30
eur/gbp -115
eur/jpy L1 -139 L2 +54
eur/nzd +100 TS set at 45 see where this one goes.
gbp/chf L3 -123
nzd/chf -6 after I posted the numbers it went flying and then came back. I still like the trade tough.
nzd/jpy 1L -5
nzd/usd +8
USD/SGD 1L -84 2L +23 I will look to zero out this trade today.

TOTALS
total for day -5
-281 for the week
Carry over -660

Total for the month of Sept. +1295

NEW TRADES
BUY eur/chf

I am starting to sit pretty with the reversals for the last two days. Got rid of my dangerous trades and you can notice how I zeroed them out with various trades. Even though I have gone through a rough stretch here you can see I have kept my total profit up for the month. I think now I am in position to finish out the month strong. Cut my carry over in half the last two days and used my profit to get out of my ugly trades. Will see how it goes.
  • #360
  • Sep 23, 2009 8:19pm Sep 23, 2009 8:19pm
Well I too was able to close many trades in profit today. Still have 1 pair killing me. Trying to work it back to good trade Getting my wish if u remember.

Many pips
Justin
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