Nanningbob 60x90 EA | Page 137 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

NanningBob's 4H Sellhigh BUYLOW 158 replies

Help regarding NanningBob EA 27 replies

Nanningbob 4H trading system 2,017 replies

Indicator needed for Nanningbob strategy 2 replies

Help to improve profitable EA - 1H NanningBob 40MA 200 BB 10 replies

Attachments: Nanningbob 60x90 EA
Exit Attachments

Nanningbob 60x90 EA

  • #2,721
  • Oct 8, 2009 11:41am Oct 8, 2009 11:41am
Quoting qz10cq
I,
Remember bud, that the "perfect storm" is out there no matter how safe you make the ea. Let's just win on average.....Dan
EXactly. Only we need to control our greed.
"Put all your efforts in becoming effortless"
  • #2,722
  • Oct 8, 2009 1:19pm Oct 8, 2009 1:19pm
Quoting qz10cq
Guito2009, Bob the master of this thread has addressed this issue several times. If you click on one of nanningbob's post (click his name) it will open his home page and you would be able to find several post concerning what pairs to trade and how much should be in ur account. He recommends starting for pennies not dollars, he uses a 400:1 leverage and puts a couple hundred in his account. I'm trying dimes with the same leverage and 500 in the account and I'm sure he would tell me thats not enough if I'm playing for dimes.

The way IamThat...
ok. it make some sense not to wait for 200 pip's to go another level, but it increases the minimal account balance...

i'm testing with $6500 in a demo account in fxopen, the minimal lot is 0.1
is this enough? (later i will put $65 in a mini account in the same broker, it's the same conditions as in the demo)
  • #2,723
  • Oct 8, 2009 3:45pm Oct 8, 2009 3:45pm
Quoting guito2009
ok. it make some sense not to wait for 200 pip's to go another level, but it increases the minimal account balance...

i'm testing with $6500 in a demo account in fxopen, the minimal lot is 0.1
is this enough? (later i will put $65 in a mini account in the same broker, it's the same conditions as in the demo)
You have enough with 6500. Open maybe 6 pairs and see what happens.
  • #2,724
  • Oct 8, 2009 7:08pm Oct 8, 2009 7:08pm
Quoting guito2009
ok. it make some sense not to wait for 200 pip's to go another level, but it increases the minimal account balance...

i'm testing with $6500 in a demo account in fxopen, the minimal lot is 0.1
is this enough? (later i will put $65 in a mini account in the same broker, it's the same conditions as in the demo)
If you use .10 with 6500 you would need 650 to go .01 and have the same ratio. I have tried trading with less than 100 dollars on an account but you have no maneuvering room if trades get into trouble. I found over 100 dollars is ok with a penny account. However, the margin levels are about to change and that is going to take some adjusting to the new levels. With 65 dollars and new margin levels it clearly wont be enough.
  • #2,725
  • Oct 8, 2009 7:13pm Oct 8, 2009 7:13pm
Quoting qz10cq
Guito2009, Bob the master of this thread has addressed this issue several times. If you click on one of nanningbob's post (click his name) it will open his home page and you would be able to find several post concerning what pairs to trade and how much should be in ur account. He recommends starting for pennies not dollars, he uses a 400:1 leverage and puts a couple hundred in his account. I'm trying dimes with the same leverage and 500 in the account and I'm sure he would tell me thats not enough if I'm playing for dimes.

The way IamThat...
Yeah your right so you must drop a bunch of currencies and trade with a smaller group of pairs. I am testing an EA with just the slowest 10 currencies and higher lots to see how it goes. So far so good but will see how the trending AUDs will do on it. My unfortanate experience in life is everytime I try to push and EA to make just a little bit more, the perfect storm comes and kills me. I have solved my perfect storm problems by only going 3 levels deep on my trades though.
  • #2,726
  • Edited 8:06pm Oct 8, 2009 7:44pm | Edited 8:06pm
Dan,

What MA lines do I have to plot on the M30 TF charts to visually follow the triggers of that EA you posted? Thanks heaps for that

And by the way, while I was going through the old posts, I saw that you once said that you would not run the EA 24/7, but look! Now, that's exactly what you've done with good results


Quoting qz10cq
The twist on this ea is that IamThat revised Bob's EA so that it would place a pending order instead of a market order, which I am a big fan of. The set is right out of the box except for 30tf instead of the 15tf. The 15tf was winning slowly, 30tf wins more and have not tested higher tf's yet.
  • #2,727
  • Oct 8, 2009 8:01pm Oct 8, 2009 8:01pm
By the way Bob, I'm also going to run the EA on the pairs that you indicated as safe in post 2373, in addition I am thinking of including the pairs below, as they have generally lower spreads (using Dan's selection criteria):

EURJPY, AUDJPY, AUDCHF, CADJPY, USDCAD, AUDUSD

Are any of them bad news?
  • #2,728
  • Oct 8, 2009 11:28pm Oct 8, 2009 11:28pm
Quoting nanningbob
. My unfortanate experience in life is everytime I try to push and EA to make just a little bit more, the perfect storm comes and kills me. I have solved my perfect storm problems by only going 3 levels deep on my trades though.
This is probably the experience of everyone who is trying to fine tune an EA. If it was a commercial EA we would just let it run and accept whatever happens.
But can't help it, try we must.
"Put all your efforts in becoming effortless"
  • #2,729
  • Oct 9, 2009 12:43am Oct 9, 2009 12:43am
Quoting silv3r4sh
By the way Bob, I'm also going to run the EA on the pairs that you indicated as safe in post 2373, in addition I am thinking of including the pairs below, as they have generally lower spreads (using Dan's selection criteria):

EURJPY, AUDJPY, AUDCHF, CADJPY, USDCAD, AUDUSD

Are any of them bad news?
I dont know the CAD/jpy not offered by IBFX. EUR/JPY, AUD/JPY AUD/CHF are above medium volatility and trade them all the time. AUD/USD is a lower volatility that occasionally makes a long run. Those that know me know I dislike the USD/CAD. When the USA has strong Fundamentals it can crush the CAD and have no retrace. The USD/AUD and NZD/USD have their own market sessions and JPY session where they can retrace but the USD and CAD are the same time sessions so it can get crushed by its powerful neighbor and then have no retrace period because its market is closed the same time as the USA market. You will have this problem with the USD trading in any western hemisphere currency like the Peso etc. So be wary of the USD CAD. I will trade USD/CAD when there is no strong USD fundamentals but I stay out if there are interest rate changes on the USD side. Strong CAD fundamentals wont overwhelm the dollar but strong USD fundamentals can overwhelm the CAD.
  • #2,730
  • Oct 9, 2009 2:40am Oct 9, 2009 2:40am
Quoting silv3r4sh
Dan,

What MA lines do I have to plot on the M30 TF charts to visually follow the triggers of that EA you posted? Thanks heaps for that

And by the way, while I was going through the old posts, I saw that you once said that you would not run the EA 24/7, but look! Now, that's exactly what you've done with good results
silv3r4sh,

Just put the bollinger bands on your 30tf chart and watch how the ea works.

My first attempt with Bob's ea's was the 60 x 90 in which I took a 2000 demo account to over 11,000 in 6 weeks then the "perfect storm" hit and I lost 8000 in one day playing 21 pairs at .1 lots of course 24/7. In my defense I would never let a live account lose that amount, I would have closed all with a 2000 loss and waited for another day. Bob says over and over to watch for interest rate days and big news days and to not play these ea's on those days, but of course I knew better hence an 8000 day loss. My trouble is I don't want to be glued to my screen watching charts. Thats where the " I'll never play this 24/7".

Now I'm on to IamThats master ea which is a revised Bob's ea using pending orders instead of market orders. Of course I'm playing it 24/7 but I've placed this ea below on it's own seperate chart and set my loss to half of my total profit, adjusting it daily trying to avoid that perfect storm when it hits. Time will tell....Dan
Attached File(s)
File Type: mq4 CloseTrades_After_Account_Loss_TooMuch.mq4   3 KB | 324 downloads
  • #2,731
  • Oct 9, 2009 9:05am Oct 9, 2009 9:05am
Thanks Dan, what period on the BB indicator?

Quoting qz10cq
silv3r4sh,

Just put the bollinger bands on your 30tf chart and watch how the ea works.
  • #2,732
  • Oct 9, 2009 11:01am Oct 9, 2009 11:01am
Quoting silv3r4sh
Thanks Dan, what period on the BB indicator?
Right out of the box, 20 period.
  • #2,733
  • Oct 10, 2009 9:01am Oct 10, 2009 9:01am
my demo still continues :
http://www.myfxbook.com/members/jacky/jacky/241

I think, I got secret to run this EA safely. By put enough capital at least 1000 usd to run all pairs to avoid psycology effect if comes to a serious drawdown.

Last month, I lost all my 25 % profit because very small capital to run this.
Attached File(s)
File Type: zip Interbank FX nanning bob EA demo 9 oct 09.zip   171 KB | 446 downloads
  • #2,734
  • Oct 10, 2009 12:17pm Oct 10, 2009 12:17pm
Quoting maximf
Hello nanningbob,

I discovered that a new regulation will take effect on 31.07.09.
That regulation forbids the use of stoploss and other limit orders
on US forex broker accounts.
Will you update the 60X90 and other EAs such that they will conform
to that new regulation?

Best regards,
Maxim
I still use market orders in my EAs. I know some of the guys are trading with different types of pending orders and they are successful with it. I am testing one of the versions now. If you use my 2.4.2 recovery system, that is basically trading with no SL even though I have them in my EAs. My EAs are tested using IBFX so what ever they end up telling us we can do we will adjust accordingly. As we have seen IBFX was the most flexible company with NFA regs so i see them coming up with something different than everyone else. So we will see.
  • #2,735
  • Oct 10, 2009 1:29pm Oct 10, 2009 1:29pm
Dear Bob and Thread,

Just a couple of questions: how do you determine whether a pair is a high volatility pair or not? Is that based on each pair's ATR or some other measure or just observation? And, since the pairs are categorized as having different volatilities, why are the grids on all of them the same amount, i.e. 90 or 180, etc.? Shouldn't the grids, then, be different amounts depending on their various volatilities? As well, I've read the 2-4-2 (and 6) recovery post: does that recovery system kick in after three levels have been hit? --I'm sorry if this has been discussed; I have read the entire thread, but it has been a bit of time.

My best,

Lenoxer
  • #2,736
  • Oct 11, 2009 1:41am Oct 11, 2009 1:41am
Quoting Lenoxer
Dear Bob and Thread,

Just a couple of questions: how do you determine whether a pair is a high volatility pair or not? Is that based on each pair's ATR or some other measure or just observation? And, since the pairs are categorized as having different volatilities, why are the grids on all of them the same amount, i.e. 90 or 180, etc.? Shouldn't the grids, then, be different amounts depending on their various volatilities? As well, I've read the 2-4-2 (and 6) recovery post: does that recovery system kick in after three levels have been hit? --I'm...
Volatility is based on information from my 7 year currency facts. I listed different pairs on how much they moved in one day, subtract the high from the low. From this information you can see which pairs are high, medium, low volatility.

The 60x90 and the 180x100 face the volatility differently. The 60x90 uses lower time frames for more volatile pairs. The lower the TF the faster the MAs adjust to price action and the more range it has. A 5M TF with the EUR/CHF probably would never trigger a trade but works with the gbp/usd. A 1H TF works with the EUR/CHF but would constantly be in trouble with the GBP/USD. So the EA is the same but the TF is a way to handle volatility for each currency pair differently.

The 180x100 takes a different approach. We start only 50 pips from center where most of the action is but if price moves out of that range, the levels are very far from center. The 2nd level is 230 pips from center, which is the extreme for slow and medium pairs and 410 which is for the most volatile pairs. Its philosophy is to trade tight and then cover the extremes of the different kinds of pairs.

The 40 MA BB EA will adjust to each currencies volatility automatically for you and that EA may fit better and answer the question of specifically adjusting to each pair.

The 2.4.2 recovery system is dealt with in more detail in my NanningBob 4H trading system and has actual live trades using that system. Yes, the recovery starts at the 4th level. I also am posting my new 4H trading system manual and it will discuss the 2.4.2 recovery system and the different ways of using it.

Good questions.
  • #2,737
  • Oct 11, 2009 2:11am Oct 11, 2009 2:11am
"The 180x100 takes a different approach. We start only 50 pips from center where most of the action is but if price moves out of that range, the levels are very far from center. The 2nd level is 230 pips from center, which is the extreme for slow and medium pairs and 410 which is for the most volatile pairs. Its philosophy is to trade tight and then cover the extremes of the different kinds of pairs."
--------------------------------
Dear Bob,

Thanks so much for the good and quick replies. I've been impressed by your generosity in sharing your effective ideas and then impressed by the patience with which you deal with the rest of us. Thanks, again. A couple of follow up questions: What is the 50 pips from center? And, why 230 and 410? Also, what do you mean by the following: "Its philosophy is to trade tight and then cover the extremes of the different kinds of pairs." What are the reward/risk characteristics of the 60x90 vs. the 180x100? And, where will you be posting your 2-4-2 recovery system? And, lastly, did you ever consider pairs trading with this methodology in order to reduce risk?

My best, as always, to you and yours,

Lenoxer
  • #2,738
  • Oct 11, 2009 4:21am Oct 11, 2009 4:21am
My new 2nd edition of my 4H trading system is now posted on post 1 of the thread.
http://www.forexfactory.com/showthread.php?t=169309
Inside are 3 1/2 pages of explanation of the 2.4.2 recovery system and some of its variations. People using the EAs on this thread will be interested in some of the variations of the 2.4.2 recovery system.
  • #2,739
  • Oct 11, 2009 4:33am Oct 11, 2009 4:33am
Quoting Lenoxer
"The 180x100 takes a different approach. We start only 50 pips from center where most of the action is but if price moves out of that range, the levels are very far from center. The 2nd level is 230 pips from center, which is the extreme for slow and medium pairs and 410 which is for the most volatile pairs. Its philosophy is to trade tight and then cover the extremes of the different kinds of pairs."
--------------------------------
Dear Bob,

Thanks so much for the good and quick replies. I've been impressed by your generosity in sharing your...
Center is the main MA line which is the 20 MA for the 180 by 100. The theory is price will always retrace back to its median. Trades will not enter until they are 50 pips above the MA for sells and 50 pips below the MA for buys. We do not trade the center but trade from the out side back to the center. The EA then reenters every 180 pips from that mark so the next level is 50+180 or 230 and then 3rd level is 230 +180 or 410. I found these numbers to be safe targets from the median.

The 60x90 starts 90 pips from the 80 MA and reenter every 90 pips. Volitility is controlled by TF instead of distance.

The 180x100 does more trades and needs more babysitting, since you will manually close most of the trades. It covers a bigger range and can handle bigger moves.

The 60 x90 is more hands off and can get out of trouble quicker since you only need a 60 pip retrace to be out of a trade. It handles all the TP and entrances. You only deal with it if a trade goes outside of the EAs boundries.
The reward and risk ratios are about the same. Some months the 60x90 will make more money, others the 180x100 depending on price action. The 60x90 will give bigger drawdowns though if currencies trend heavily.
  • #2,740
  • Oct 11, 2009 4:49am Oct 11, 2009 4:49am
Thanks for that Bob, how do you find the time and patience?
4 traders viewing now