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Nanningbob 60x90 EA

  • #2,741
  • Oct 11, 2009 7:31am Oct 11, 2009 7:31am
Quoting BenScoobert
Thanks for that Bob, how do you find the time and patience?
It is called being out on vacation for 8 days and having nothing to do. I start teaching school in China Monday again. No more free time for me for awhile. The Chinese had a good time celebrating their 60th anniversary of the revolution. Fun is over, now it is back to work.
  • #2,742
  • Oct 11, 2009 8:27am Oct 11, 2009 8:27am
Hi all

I have been trialling a huge number of combinations over the last six to eight months. The process: pic a pair, look for a time frame that seems to work with the EA you prefer and then let it run on a demo until it fails or proves its self reliable. If it fails then adjust settings to allow it to succeed next time. For most of you probably nothing new in that. However I have to say that now I'm running very few EAs with the original (or out of the box) settings. Once you have a pair with the right settings you add it to your favourites demo account. I open a new one of these every month or so, and carry forward the profile from the old account and add the new successful charts and settings.

The attached graph is from an account that's about 6 weeks old and has absorbed the big moves on the cable. This account has run 24/5 for the full six weeks with no manual interference. There are 29 trading charts in my current Favourites group

I use $10,000 demo accounts to give me a simple reference point, this makes it easy to measure account gains as a %. And it also provides plenty of margin room.

I now want to place my favourites demo profile on to an IBFX $1000.00 live account. My question is simple. The demo trades Dimes, live I want to trade Pennies. When I place the profile and EAs onto the Live Micro account will I need to change the trade size settings. I'm gussing not. But I don't want to stuff it up either.

Thanks

James
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  • #2,743
  • Edited 3:35pm Oct 11, 2009 3:34pm | Edited 3:35pm
Dear Bob,

A couple of questions:
1) since all pairs have different vols, why don't you have different position sizes? Granted that you adjust for differences in vols via various TFs and MAs when you initiate the trades, but once you are in the trades the pairs will still move differently from each other; hence, if you are trading a basket of pairs, why wouldn't you want to normalize the vols via different position sizing once you're already in the trades?
2) have you ever thought of pairs trading your ideas and if so how would you do it?

Thanks,

Lenoxer
  • #2,744
  • Oct 11, 2009 8:00pm Oct 11, 2009 8:00pm
Quoting Lenoxer
Dear Bob,

A couple of questions:
1) since all pairs have different vols, why don't you have different position sizes? Granted that you adjust for differences in vols via various TFs and MAs when you initiate the trades, but once you are in the trades the pairs will still move differently from each other; hence, if you are trading a basket of pairs, why wouldn't you want to normalize the vols via different position sizing once you're already in the trades?
2) have you ever thought of pairs trading your ideas and if so how would you do it?

Thanks,...
I do group pairs into slow medium and volitile and the different EAs handle them differently, however, as far as price movement goes all pairs move in the same it is just that the amount of movement is different. In other words price is either going up down or sideways. Sideways is an interesing concept becuase even in sideways price is going up and down it is just a matter of how much. Read my 2nd edition of the 4H trading in my other thread and you will get my thoughts of price movement.

Pair trading to me only works when the opposite pairs fundamentals are the same. If they are different the pairs trading wont work. For example, many people will put the eur/usd one way and the usd/chf the opposite. As long as the eur and chf pairs have similar fundamentals the system works but when the fundamentals are different the system wont work. So that kind of trading system will have its series of failures over the long haul.

My thought processes are going to be different because I am a countertrend trader. Again my 2nd Edition book gets into that concept.
  • #2,745
  • Oct 11, 2009 8:04pm Oct 11, 2009 8:04pm
[quote=El Salon;3135928]Hi all

I have been trialling a huge number of combinations over the last six to eight months. The process: pic a pair, look for a time frame that seems to work with the EA you prefer and then let it run on a demo until it fails or proves its self reliable. If it fails then adjust settings to allow it to succeed next time. For most of you probably nothing new in that. However I have to say that now I'm running very few EAs with the original (or out of the box) settings. Once you have a pair with the right settings you add it to your favourites demo account. I open a new one of these every month or so, and carry forward the profile from the old account and add the new successful charts and settings.

The attached graph is from an account that's about 6 weeks old and has absorbed the big moves on the cable. This account has run 24/5 for the full six weeks with no manual interference. There are 29 trading charts in my current Favourites group

I use $10,000 demo accounts to give me a simple reference point, this makes it easy to measure account gains as a %. And it also provides plenty of margin room.

I now want to place my favourites demo profile on to an IBFX $1000.00 live account. My question is simple. The demo trades Dimes, live I want to trade Pennies. When I place the profile and EAs onto the Live Micro account will I need to change the trade size settings. I'm gussing not. But I don't want to stuff it up either.

Thanks



If you have the demo account as standard, it trades .10. If you account is .01 then it will trade pennies. It all depends on your broker and account type. With IBFX .01 is pennies with other brokers .01 is dimes and others .10 is dimes. You have to adjust to your broker settings.
  • #2,746
  • Oct 11, 2009 11:03pm Oct 11, 2009 11:03pm
I see no news stories that could move price outside the range of the EAs for this week.

For some of you this last week was the first time you may have experienced an interest rate change with my EAs. Many of the AUD pairs did a two day run off of that news and it was only a .25% increase. Most news stories run only a couple of hours. The USD/CAD had a news story of increased employment and price ran for about 2-3 hours. I hope you begin to realize how powerful that is. Imagine if it had been a .50% or 1.00% increase. It probably would have blown off the top/bottom of the EA on some of the currencies. So please make a note because next year we are going to see countries raising their rates and we need to be prepared. Prices will be more volitile than now when they happen.
  • #2,747
  • Oct 11, 2009 11:52pm Oct 11, 2009 11:52pm
Quoting kof91
Here is the 242 EA based on Nanningbob's 242 rescue system.

The settings are self explanatory. Feel free to ask if there is any doubt.

On default setting, EA will make first entry trade 200 pips from last trade. the lot size is derived as using (last trade lot size / 2). First trade will be closed after making the entry. Lot size will alternate between subsequent trades.

example:
Following trades is open when 242 Rescue EA is attached with default setting:
0.1, 0.2, 0.4

1st 200 pips gap
EA made 1st entry 200 pips from 0.4 order with lot...
To Kof91:

I have a question regarding your 242 Rescue EA. I have open positions .01, .03 and .09. Once the .09 order was placed, I removed the 60x90 EA and placed your 242 Rescue EA. According to brief description in your post, shouldn't your EA suppose to close the .01 lot order at this point? Or maybe i am doing something wrong. Here are my settings.

2009.10.12 00:40:29 242_Rescue_EA_V1 EURJPYm,M5 inputs:
Pips=200;
TakeProfit=200;
StopLoss=1000;
MaxTrades=3;
slippage=3; ac="Auto calculate formula - last trade lotsize / 2";
AutoCalcLotSize=false;
st="if AutoCalcLotSize = false, will use EntryLotSize below for first trade";
EntryLotSize=0.03;
ss="only works use magic number if IgnoreMagicNumber = true. Make sure the magic number is the same as the orders that you are MagicNumber=312133;
IgnoreMagicNumber=true;
fltp="Set tp from latest order of 242 EA for all open trades"; F
  • #2,748
  • Oct 12, 2009 4:42am Oct 12, 2009 4:42am
Quoting bose3
To Kof91:

I have a question regarding your 242 Rescue EA. I have open positions .01, .03 and .09. Once the .09 order was placed, I removed the 60x90 EA and placed your 242 Rescue EA. According to brief description in your post, shouldn't your EA suppose to close the .01 lot order at this point? Or maybe i am doing something wrong. Here are my settings.

2009.10.12 00:40:29 242_Rescue_EA_V1 EURJPYm,M5 inputs:
Pips=200;
TakeProfit=200;
StopLoss=1000;
MaxTrades=3;
slippage=3; ac="Auto calculate formula - last trade lotsize / 2";
AutoCalcLotSize=false;...
I did not write that EA so I am not sure all on how it works. I do the 2.4.2 manually using support and resistance lines.
  • #2,749
  • Edited 9:13am Oct 12, 2009 8:51am | Edited 9:13am
The 242 Rescue EA will kick-in once you go to the 4th level. At the 4th level it will close your .01 trade and open .02 lots. The 242 Rescue EA will always maintain 3 open levels.

TimeFreedom

Quoting bose3
To Kof91:

I have a question regarding your 242 Rescue EA. I have open positions .01, .03 and .09. Once the .09 order was placed, I removed the 60x90 EA and placed your 242 Rescue EA. According to brief description in your post, shouldn't your EA suppose to close the .01 lot order at this point? Or maybe i am doing something wrong. Here are my settings.

2009.10.12 00:40:29 242_Rescue_EA_V1 EURJPYm,M5 inputs:
Pips=200;
TakeProfit=200;
StopLoss=1000;
MaxTrades=3;
slippage=3; ac="Auto calculate formula - last trade lotsize / 2";...
  • #2,750
  • Oct 12, 2009 2:27pm Oct 12, 2009 2:27pm
Quoting BenScoobert
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...
Just looking back to this post I made with the EA, did anyone get good results from this?
  • #2,751
  • Oct 12, 2009 7:03pm Oct 12, 2009 7:03pm
Someone has told me that this is my 60x90 for sale. I dont read Russian but here is the link. If you want to buy it you can send me the 120 dollars and download off the first page for free. Thank you very much.

http://ratesniper.ru/auction_details...tion_id=102686
  • #2,752
  • Edited 8:06am Oct 13, 2009 3:58am | Edited 8:06am
Quoting nanningbob
Someone has told me that this is my 60x90 for sale. I dont read Russian but here is the link. If you want to buy it you can send me the 120 dollars and download off the first page for free. Thank you very much.

http://ratesniper.ru/auction_details...tion_id=102686
Here's a translation mate, get it bought!!

http://translate.google.co.uk/transl...3Doff%26sa%3DG
  • #2,753
  • Oct 13, 2009 5:23pm Oct 13, 2009 5:23pm
Dear Bob,

A few questions if you don't mind, and thanks:
1) Since the TP is 60 pips, have you ever thought of moving the SL to BE at some point, and if so at what point?
2) Have you developed a methodology of trying to go for more than 60 pips of TP? If so, what is that method; and if not, why not?
3) In the 180x100 method, do you use the same pairs as the 60x90, do you use the same TF settings, and do you martingale the same way as the 60x90---I wasn't clear from my reading the answers to these questions.

Sorry for the bother and thanks for the answers,

Lenoxer
  • #2,754
  • Oct 13, 2009 10:09pm Oct 13, 2009 10:09pm
Quoting Lenoxer
Dear Bob,

A few questions if you don't mind, and thanks:
1) Since the TP is 60 pips, have you ever thought of moving the SL to BE at some point, and if so at what point?
2) Have you developed a methodology of trying to go for more than 60 pips of TP? If so, what is that method; and if not, why not?
3) In the 180x100 method, do you use the same pairs as the 60x90, do you use the same TF settings, and do you martingale the same way as the 60x90---I wasn't clear from my reading the answers to these questions.

Sorry for the bother and thanks...
If I know price is moving because of a news story or a strong fundamental I will move the TP but also add a TS and move my SL up. I will use S/R lines to move my TP closer to or the middle or bottom of the BB band. I always try to move my SL up so as to never let a winner turn into a loser. Occasionally a currency will move only 50-55 pips and then retrace or (maybe I shouldnt say this but brokers will enlarge their spreads so a TP doesnt happen, never happened to you right. My personal viewpoint on flexible spreads is caused not to give tighter spreads but o widen spreads at key points, like news, TP, and if you are near a SL. The reason I trade the way I do is so I can use 1000 pip SL to keep the compter programming from enlarging spreads when it nears a normal SL. I close trades manually not let them hit SL.) Any way, I move my SL up to ensure a profit whenever I can.

The 180x100 uses the same TF a 20MA on the 4H chart. I will use 18-20 different currencies with that one but not the most volatile, like the gbp/nzd. I have cut back the 60x90 to medium volatile pairs and maybe one volatile. So if I use it I use fewer pairs than the 180x100. I use the 180x100 in my live account because I like the safety of the extra range it gives and I like trading the 4H chart. So that is a personal preference.
  • #2,755
  • Oct 14, 2009 6:31am Oct 14, 2009 6:31am
Dear Bob,

So, in theory, on the 180x100 system, if you didn't want to trade the 50 pip channel from the 20 EMA on the 4 hour chart, you could simply trade slower and begin to trade level 1 at 230 pips (the 50 plus the 180) and level two at 410 and so on and use a TP of 100 pips. Is this accurate?

Thanks,

Lenoxer
  • #2,756
  • Oct 14, 2009 8:53am Oct 14, 2009 8:53am
Quoting Lenoxer
Dear Bob,

So, in theory, on the 180x100 system, if you didn't want to trade the 50 pip channel from the 20 EMA on the 4 hour chart, you could simply trade slower and begin to trade level 1 at 230 pips (the 50 plus the 180) and level two at 410 and so on and use a TP of 100 pips. Is this accurate?

Thanks,

Lenoxer
Yes you would change the code at the bottom from -50 +50 to -230 +230 and change the TP to 100. If you are on a 5 digit system you need to add a 0 to each of those numbers. Also to create more trades you probably should look at a slower MA. You can play with that on any chart.
  • #2,757
  • Oct 14, 2009 3:50pm Oct 14, 2009 3:50pm
Hi all,

I am new and inexperienced in EAs.

Could anybody here please kindly share the best settings for this interesting EA?

So far, there are so many versions and different settings for this EA, I don't really know which settings are good and consistently profitable, on which time-frame, which currency pairs.

I hope to receive your sharing.

Thanks and regards,
James
  • #2,758
  • Oct 14, 2009 6:01pm Oct 14, 2009 6:01pm
Quoting james_phuc28
Hi all,

I am new and inexperienced in EAs.

Could anybody here please kindly share the best settings for this interesting EA?

So far, there are so many versions and different settings for this EA, I don't really know which settings are good and consistently profitable, on which time-frame, which currency pairs.

I hope to receive your sharing.

Thanks and regards,
James
Go back to page 1 post 1 and start with the basics. Even though there are 3 of them there they are all similar.
  • #2,759
  • Oct 16, 2009 8:54am Oct 16, 2009 8:54am
Hi Bob,

Great thread, thank you.

Questions:

Are you still using these pairs listed below? Anything added/subtracted?

1) 1 hour: AUDNZD, AUDCAD, NZDJPY, USDSGD,
2) 30M: AUDCHF, AUDUSD, AUDJPY, CHFJPY, EURCHF, NZDUSD, USDJPY
3) 15M: EURJPY, EURGBP, EURUSD, USDCHF, USDCAD
4) 5M: GBPUSD, GBPJPY, GBPCHF, EURAUD, EURNZD, CADJPY

Also, When a report is red-flagged by Forex Factory, do you stay away from the affected pair the whole day or just a little while until you see the report isn't doing much to the pair?

Regards,

Visual One
  • #2,760
  • Oct 16, 2009 9:38am Oct 16, 2009 9:38am
Quoting Visual One
Hi Bob,

Great thread, thank you.

Questions:

Are you still using these pairs listed below? Anything added/subtracted?

1) 1 hour: AUDNZD, AUDCAD, NZDJPY, USDSGD,
2) 30M: AUDCHF, AUDUSD, AUDJPY, CHFJPY, EURCHF, NZDUSD, USDJPY
3) 15M: EURJPY, EURGBP, EURUSD, USDCHF, USDCAD
4) 5M: GBPUSD, GBPJPY, GBPCHF, EURAUD, EURNZD, CADJPY

Also, When a report is red-flagged by Forex Factory, do you stay away from the affected pair the whole day or just a little while until you see the report isn't doing much to the pair?

Regards,

Visual One
These EAs should survive almost all new stories. The exceptions are interest rate stories (just see what happened on the AUD pairs after last weeks .25 rate hike) and super news, like war, trillion dollar bailouts etc. When you see what price did on just a quarter of a point on the AUD, you can imagine what would happen on a .50 or even 1.00 point change on a major currency. My EAs simply are not able to handle such price movement. From that list I dont like to trade the gbp/chf, and eur/gbp. I dont have CAD/JPY so dont know its history. I am doing research right now on the pairs from all the info of live trading and am coming up with a full time list of 10-12 pairs. I plan on posting them this weekend.
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