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Nanningbob 60x90 EA

  • #2,681
  • Oct 1, 2009 8:20pm Oct 1, 2009 8:20pm
Yes it sure does!
Even though you have mentioned before that backtesting is not extremely accurate, however it is still super impressive...


Quoting nanningbob
He has a variation of my system. Looks nice doesnt it. Also, these are demos not live or are they on the tester? You guys know how I feel about the MT4 tester and how inaccurate it is.
  • #2,682
  • Oct 1, 2009 9:21pm Oct 1, 2009 9:21pm
Quoting silv3r4sh
Yes it sure does!
Even though you have mentioned before that backtesting is not extremely accurate, however it is still super impressive...
I have written EAs that win 100% of the time but they are not practical to trade with. You just never close your losses . Martingale systems are notorious for testing like this but being nightmares in live trading. His system is a 3 level system and during periods of flat trading, like this year has been they look really good. You still need to be good at a recovery trade system to use this kind of trading system though.
  • #2,683
  • Oct 1, 2009 9:39pm Oct 1, 2009 9:39pm
Oh in that case, please ignore my earlier PM hehe

At the moment I just feel more comfortable with manual trading using your 4H strategy, instead of leaving the fate of my account in an automated script..

Quoting nanningbob
I have written EAs that win 100% of the time but they are not practical to trade with. You just never close your losses . Martingale systems are notorious for testing like this but being nightmares in live trading. His system is a 3 level system and during periods of flat trading, like this year has been they look really good. You still need to be good at a recovery trade system to use this kind of trading system though.
  • #2,684
  • Oct 1, 2009 10:09pm Oct 1, 2009 10:09pm
I have just downloaded a MT4 from MBTrading. I cannot get my EA to work on it. I get a " OrderSend error 131 " When I tried to test it on the back tester. Does anyone know what that means or what adjustments need to be made with MB Trading??
  • #2,685
  • Oct 1, 2009 10:27pm Oct 1, 2009 10:27pm
I have an idea for a new type of EA. I need someone who can write an EA from scratch or the ground up. If you are good at coding and you have a SKYPE name so we can talk. send me a private message and we will talk.
  • #2,686
  • Oct 2, 2009 12:14am Oct 2, 2009 12:14am
Quoting nanningbob
I have just downloaded a MT4 from MBTrading. I cannot get my EA to work on it. I get a " OrderSend error 131 " When I tried to test it on the back tester. Does anyone know what that means or what adjustments need to be made with MB Trading??
There was an EA available on one of your threads for MBT. But I do not know if it works.
Why don't you post in the programming section for your EA developments? There may be some willing to help.
"Put all your efforts in becoming effortless"
  • #2,687
  • Oct 2, 2009 12:38am Oct 2, 2009 12:38am
Quoting nanningbob
I have just downloaded a MT4 from MBTrading. I cannot get my EA to work on it. I get a " OrderSend error 131 " When I tried to test it on the back tester. Does anyone know what that means or what adjustments need to be made with MB Trading??

Its not just you. I was workin with your EA but when i switched to MBT a couple weeks ago it quit working.
Around the world in 80 pips....
  • #2,688
  • Oct 2, 2009 4:03am Oct 2, 2009 4:03am
Quoting nanningbob
I have written EAs that win 100% of the time but they are not practical to trade with. You just never close your losses . Martingale systems are notorious for testing like this but being nightmares in live trading. His system is a 3 level system and during periods of flat trading, like this year has been they look really good. You still need to be good at a recovery trade system to use this kind of trading system though.
The EA is based on 40x40 small multiplier going a restricted amount of levels deep. By your own naming this is Multi-Level, not martingale as it won't run forever and at a predetermined level, you cut your losses.

The bottom 4 settings are the ones you need to bother with,

DPips at this level it will open the next trade, 0.00400 format is 40 pips, in this format it should work on 4 and 5 digit brokers

DTakeProfit is the TP for all the levels after a new order opens

DMultiplier is how much bigger the next order will be than the previous

ExtraOrders is how many MORE orders after the 1st you are prepared to go.

2 versions attached, 1 for 4 and 5 decimal places and one for 2 and 3 decimal for JPY pairs.

The settings in default are pretty good, but play around with them and see what you get.

It has been backtested only and results are good, its down to you to demo test it and see how it behaves in the real world.
Attached File(s)
File Type: ex4 bobs 40x40 5 dig.ex4   8 KB | 294 downloads
File Type: ex4 bobs 40x40 jpy 3 dig.ex4   8 KB | 275 downloads
  • #2,689
  • Oct 2, 2009 2:25pm Oct 2, 2009 2:25pm
Hey Bob, the problem should lie with 2 input parameters, the lot size and the multiplier settings. I suspect it's because MBT's minimum lot size and minimum 'step' are both 0.10

So for example, in the attached file I've changed the Lot = 0.1 and Multiply = 2. Works great now (:

Quoting nanningbob
I have just downloaded a MT4 from MBTrading. I cannot get my EA to work on it. I get a " OrderSend error 131 " When I tried to test it on the back tester. Does anyone know what that means or what adjustments need to be made with MB Trading??
Attached File(s)
File Type: mq4 4H 180X100 5D MBT.mq4   23 KB | 327 downloads
  • #2,690
  • Oct 2, 2009 5:39pm Oct 2, 2009 5:39pm
Quoting silv3r4sh
Hey Bob, the problem should lie with 2 input parameters, the lot size and the multiplier settings. I suspect it's because MBT's minimum lot size and minimum 'step' are both 0.10

So for example, in the attached file I've changed the Lot = 0.1 and Multiply = 2. Works great now (:
Ah Duh. I should have thought of that. Thanks
  • #2,691
  • Oct 2, 2009 7:43pm Oct 2, 2009 7:43pm
Does this mean what I think it means? If it does, it means I'll be moving my account to FX Solutions Australia. February 23, 2009
National Futures Association: Forex Security Deposits - Proposed Amendments to NFA Financial Requirements Section 12 and Interpretive Notice Regarding Forex Transactions (Effective November 30, 2009)
Looks like all US brokers will only allow 100:1 leverage after Nov. 30th. Tell me I'm wrong about this , would you.
  • #2,692
  • Oct 2, 2009 8:10pm Oct 2, 2009 8:10pm
Quoting Toothman
Does this mean what I think it means? If it does, it means I'll be moving my account to FX Solutions Australia. February...
YUP. Been waiting for comment to see how it actually will all go down. So far IBFX are been very original in its thinking to get around these regs so we can continue trading like we have been. My argument with leverage has always been higher leverage results in less risk not more. I would have to put in more capital with lower leverage and to me that is higher risk. Oh well, we love govt. regulators when they help us and hate them when they overmangage. Here is a quote from the aritcle:

NFA's FCM Advisory Committee supported these amendments. NFA also sent the amendments to the FDMs for their comments and received eight responses. One FDM with a large customer base fully supported this proposal, noting that it uses 50:1 leverage for the major currencies and has resisted customer requests for higher leverage because these levels force liquidation too quickly and frequently to be in a customers’ best interests. Another FDM supported eliminating the exemption but suggested that the requirement be changed to allow FDMs to offer 200:1 leverage in order to compete internationally. Five other letters also claimed that restricting them to 100:1 leverage would put them at a competitive disadvantage internationally. While these letters opposed the proposal, several of them stated that the international average is 200:1 and this level would be an acceptable compromise. The other FDM opposed the proposal because it limits an FDM’s ability to use increased leverage as an incentive to place close-in stop orders.
  • #2,693
  • Oct 2, 2009 8:13pm Oct 2, 2009 8:13pm
Interest rate next week:
Aud Monday
GBP and EUR on Thurs.

Again no changes are expected but if there are any surprises it would be huge. Just make sure you are not deep in the hole on any trade Thurs with Eur or Gbp.
  • #2,694
  • Oct 4, 2009 2:35pm Oct 4, 2009 2:35pm
Ive read the thread from beginning to end now.

Something I think may benefit this system is an adaption on what it already does.

Progressive reduction of the multiplier. Here's a side by side comparison

The system as it is now-------------------Progressive adaption
Trade 1. 0.01 lot______________________________0.01 lot
Trade 2. 0.03 lot__3x__________________3x______0.03 lot
Trade 3. 0.09 lot__3x__________________2.5x_____0.08 lot
Trade 4. 0.18 lot__2x in recovery________2x_______0.15 lot
Trade 5. 0.36 lot__2x__________________1.5x_____0.23 lot

By doing this you reduce the lotsize of later trades, you may have to modify how many pips to recover on the later trades, but if you are that deep already you looking to minimize losses and get out.

Comments please, I'd like to hear some thoughts on this.
  • #2,695
  • Oct 4, 2009 7:10pm Oct 4, 2009 7:10pm
Quoting BenScoobert
Ive read the thread from beginning to end now.

Something I think may benefit this system is an adaption on what it already does.

Progressive reduction of the multiplier. Here's a side by side comparison

The system as it is now-------------------Progressive adaption
Trade 1. 0.01 lot______________________________0.01 lot
Trade 2. 0.03 lot__3x__________________3x______0.03 lot
Trade 3. 0.09 lot__3x__________________2.5x_____0.08 lot
Trade 4. 0.18 lot__2x in recovery________2x_______0.15 lot
Trade 5. 0.36 lot__2x__________________1.5x_____0.23 lot

By...
That is a good idea if you want to go more than 3 levels. I dont like more than 3 levels live so I can adjust the 3rd level manually. There was an EA posted which each level was individually coded so I think it could be done with that EA. There is also an EA posted in which a guy coded my recovery system so it had decreasing lots. You could probably adjust his to do what you are thinking.
  • #2,696
  • Oct 4, 2009 7:36pm Oct 4, 2009 7:36pm
Quoting silv3r4sh
Hey Bob, the problem should lie with 2 input parameters, the lot size and the multiplier settings. I suspect it's because MBT's minimum lot size and minimum 'step' are both 0.10

So for example, in the attached file I've changed the Lot = 0.1 and Multiply = 2. Works great now (:

I still cant get mine to work so I downloaded yours and will try.
  • #2,697
  • Oct 4, 2009 8:02pm Oct 4, 2009 8:02pm
MBT this looks ugly hmmmmmmmmmmmm aud/usd. Most brokers will filter these out but not ECNs.
Attached Image (click to enlarge)
Click to Enlarge Name: mbt aud usd.gif Size: 14 KB
  • #2,698
  • Edited 8:23pm Oct 4, 2009 8:07pm | Edited 8:23pm
Nice strong moves at the JPY open today. Bring your SL up and protect your profits. I will be out of the gbp/jpy move soon at break even. Man what a good month so far. This will be a good day to TP at S/R and then put a new order on the other side of the S/R line to see if price keeps running. Get the MAX profit but still stay in the trade if it runs.
  • #2,699
  • Oct 5, 2009 7:31am Oct 5, 2009 7:31am
Sure thing, man.
Let me know if it works
Quoting nanningbob
I still cant get mine to work so I downloaded yours and will try.
  • #2,700
  • Oct 5, 2009 7:56am Oct 5, 2009 7:56am
Quoting nanningbob
MBT this looks ugly hmmmmmmmmmmmm aud/usd. Most brokers will filter these out but not ECNs.
Because you are looking at a demo account. My account is live and that is not the picture i see for that pair
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