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Nanningbob 60x90 EA

  • #2,841
  • Nov 9, 2009 9:05pm Nov 9, 2009 9:05pm
Dear Customer,

Thank you for contacting us regarding new margin requirements. Beginning November 29, 2009, any clients who have a leverage higher than 100:1 will have their leverage lowered to 100:1 as per the NFA's new rule regarding margin requirements.

We will also send out more information to clients that may be affected by this as we get closer to the deadline.

If you have any further questions, feel free to contact us anytime.

Kind Regards,
Carl Gierisch
Interbank FX
  • #2,842
  • Edited 9:40pm Nov 9, 2009 9:16pm | Edited 9:40pm
Quoting astral77
sorry I should had been more specific. h4 time frame USDCAD.
When price moves up and down and the MA lines cross the MA it sends a signal. I dont use the MA signal because it will also ding evey TF. So if you have it set on 4H it will ring up all the trades at the 4H mark. Some traders trade the system manually and they want that feature. If you have 1H every hour and so forth. I dont use the signal thing anymore because of it. If you follow my 4H thread I take my choices every day at the beginning of the JPY session.

The 100x180 EA I just let run but am careful around interest rate news stories. I demo run the 60x90 but i live trade the 100x180 and will use the 4H BB EA live on occasions. However, with the changes in leverage I will be making some changes because my systems rely on high leverage to work.

For example, I have been trading 500 dollars using nickels and returning 15-25% a month. That is with 400:1 leverage. With 100:1 leverage to trade the same way I will need 2000 dollars thus increasing my risk. 20% of 500 dollars is 100 dollars a month using several accounts I bring in some PT money. However, 2000 dollars getting 3-7% a month may not be a good enough return to risk 2000 in something as risky as Forex. My risk to reward ratios are not worth it. So I will be making some tough choices at the end of the month. I dont mind trading 1500 dollars in 3 accounts. 6000 in 3 accounts to get a smaller return may not be worth it to me.
  • #2,843
  • Nov 10, 2009 3:34am Nov 10, 2009 3:34am
Thanks very much for clearing that up for me.
  • #2,844
  • Nov 10, 2009 7:38am Nov 10, 2009 7:38am
Quoting qz10cq
Bob, I'm surprised you haven't changed ur 180/100 ea to pending trades instead of market. There is more profit and less dd, it also helps in those spike conditions. Best to u and ur's.....Dan

What I'd like to see is a modification where pending orders were also filtered using maybe an RSI 25/75 that only placed pending orders for the lastest price. In other words price moves X from MA the EA places Pending order only if the RSI is over 75 or under 25, if price continues to move away from the MA ( by a preset amount, may be pips/2 ) and the RSI is still affirmative then A new pending order is placed and the earlier one is removed. I think this should let your entry slide right out to the extremity of the price move then you jump on and ride it back to profit. It also means that if price still moves away from the MA you are in a better place to absorb the move.

Cheers

James
  • #2,845
  • Nov 10, 2009 8:32am Nov 10, 2009 8:32am
Quoting El Salon
What I'd like to see is a modification where pending orders were also filtered using maybe an RSI 25/75 that only placed pending orders for the lastest price. In other words price moves X from MA the EA places Pending order only if the RSI is over 75 or under 25, if price continues to move away from the MA ( by a preset amount, may be pips/2 ) and the RSI is still affirmative then A new pending order is placed and the earlier one is removed. I think this should let your entry slide right out to the extremity of the price move then you jump on and...
Thanks for your comments and insight. If you put the 40MA BB band on a 4H chart with the standard RSI you will see that crossing the 30 70 line on the RSI and price crossing the upper and lower band of BB are about the same. So they are comparable. Now if you come up with different numbers you think would work better I would be happy to try working with it but I dont think RSI will give you a much different signal than the 40 MA BB bands. Now if we could see a pending order set just below the BB band when price goes above it, that would be interesting but you would still get some run ups.
  • #2,846
  • Nov 10, 2009 11:31pm Nov 10, 2009 11:31pm
Quoting nanningbob
Can anyone code this into my system. I am working on a trend following system but I like using my multi level EA. The code would go like this.

If Price is below a MA line and the trade is a buy set SL @

I want the same thing for a sell. It would go like this:

If Price is above a MA line and the trade is a sell set SL @

In other words what I am trying to do is multi level in the direction of the trend so the retracements are picked up but if price reverses and crosses a certain MA line. It will close the trades and go in the trends direction...
Thanks for your kind efforts here.A friend(peanutdude) from marketiva referred me to this thread.I went through some pages and found the foundation of your system strong and reliable.
But don`t you think using this method to trade more than two pairs on one account is very harmful since it is a multi-level and multi-lot based trading system?So I think sticking to one and maximum of two pairs will give room to subject the system to a good test of time.
we cannot succeed without a well defined risk management.
  • #2,847
  • Nov 11, 2009 2:38pm Nov 11, 2009 2:38pm
Quoting nanningbob
Thanks for your comments and insight. If you put the 40MA BB band on a 4H chart with the standard RSI you will see that crossing the 30 70 line on the RSI and price crossing the upper and lower band of BB are about the same. So they are comparable. Now if you come up with different numbers you think would work better I would be happy to try working with it but I dont think RSI will give you a much different signal than the 40 MA BB bands. Now if we could see a pending order set just below the BB band when price goes above it, that would be interesting...
Hi Bob

Thats interesting, what you say about the 40ma BB, I haven't looked at the link between that and the RSI. I have had a 40ma bb account running for a few months now and have found the results to be average compared to other set ups, and have found the DD to be quite large. Having said that I think my timing with this account into the market was at a particularly volatile time and I was more focus on controlling my pet accounts. I still think this BB EA would be better if it removed redundant pending orders once the newest one had been placed.

For those of you using Bobs 180x100 EA you might like to give this a try if your broker has the vicious GBPNZD pair

Change the code to 4h 40MA delay 400
tp and pips stay the same
Increase lot size to 0.05

I have found that price moves out to 400 from the 40ma often enough and most times only goes 1 deep, then closes for a profit. That's why I run it with an increased lot size. taming the tiger. and as with all tigers you still have to be vigilant

Cheers

James
  • #2,848
  • Nov 11, 2009 4:00pm Nov 11, 2009 4:00pm
hello bob.

Do you think that the Christmas and new year can make a price change outside the range of the EAs?

I whas tiking of get a VPS and run one of your EAs from there, but first i want to demo it, i i would like to demo in similar conditions as for the rest of the year...
  • #2,849
  • Nov 11, 2009 5:48pm Nov 11, 2009 5:48pm
Quoting El Salon
Hi Bob

Thats interesting, what you say about the 40ma BB, I haven't looked at the link between that and the RSI. I have had a 40ma bb account running for a few months now and have found the results to be average compared to other set ups, and have found the DD to be quite large. Having said that I think my timing with this account into the market was at a particularly volatile time and I was more focus on controlling my pet accounts. I still think this BB EA would be better if it removed redundant pending orders once the newest one had been placed.

For...
Good insight. I also use a 300 reentry with that pair. That pair is insane but fun to trade if you can handle it. I will have to try that.
  • #2,850
  • Nov 11, 2009 5:50pm Nov 11, 2009 5:50pm
Quoting guito2009
hello bob.

Do you think that the Christmas and new year can make a price change outside the range of the EAs?

I whas tiking of get a VPS and run one of your EAs from there, but first i want to demo it, i i would like to demo in similar conditions as for the rest of the year...
Holiday time can have two main problems. The NZD has a tendency to have big spikes and some pairs will go on long runs without retraces. That is caused by the lack of business going on and traders closing up for the year. So I would only trade main pairs like eur/usd etc. I usually shut most of my trading down the last two weeks and concentrate on family.
  • #2,851
  • Nov 12, 2009 2:07am Nov 12, 2009 2:07am
Quoting nanningbob
Can anyone code this into my system. I am working on a trend following system but I like using my multi level EA. The code would go like this.

If Price is below a MA line and the trade is a buy set SL @

I want the same thing for a sell. It would go like this:

If Price is above a MA line and the trade is a sell set SL @

In other words what I am trying to do is multi level in the direction of the trend so the retracements are picked up but if price reverses and crosses a certain MA line. It will close the trades and go in the trends direction...
http://mtabonewebforex.9.forumer.com...e=post&id=2575

This will do that if you set ReverseSignal to false.
I've been testing it a while to compare and contrast with the against the trend entry, I have found it has less profit but lower drawdown.
http://www.myfxbook.com/members/BenS...s-reverse/3793
  • #2,852
  • Nov 12, 2009 3:15pm Nov 12, 2009 3:15pm
Quoting nanningbob
When price moves up and down and the MA lines cross the MA it sends a signal. I dont use the MA signal because it will also ding evey TF. So if you have it set on 4H it will ring up all the trades at the 4H mark. Some traders trade the system manually and they want that feature. If you have 1H every hour and so forth. I dont use the signal thing anymore because of it. If you follow my 4H thread I take my choices every day at the beginning of the JPY session.

The 100x180 EA I just let run but am careful around interest rate news stories. I demo...
Once again thanks for sharing this great principle free of charge.I have developed the 180 by 100/20 ma to trade on daily charts of gu/gj/ej/uj/eu/ucad/uchf/ausie.I can now trade maximum of 1hour per day.Thanks for opening my eyes.
we cannot succeed without a well defined risk management.
  • #2,853
  • Nov 12, 2009 5:19pm Nov 12, 2009 5:19pm
Quoting bosun2007
Once again thanks for sharing this great principle free of charge.I have developed the 180 by 100/20 ma to trade on daily charts of gu/gj/ej/uj/eu/ucad/uchf/ausie.I can now trade maximum of 1hour per day.Thanks for opening my eyes.
Your welcome
  • #2,854
  • Nov 12, 2009 7:05pm Nov 12, 2009 7:05pm
I have read your threads and I really like the multi level approach. Before I came across ur thread, I used to do the same thing only on one pair (EUR/CHF) but the problem is that when volatility dries up then there is nothing much to do. After looking at your strategy being applied on more than one pair, it created a room for more opportunities.

I have read the thread in detail and even tested the 60x90 and 180x100 EA with good results. I wanted to know if it would make sense to apply both of the EAs to the pairs you suggested for beginners? For example if I am trading 12 pairs (from your list) in total and if I apply 60x90 on 7 pairs and apply 180x100 on the remaining 5.

I apologize for overlooking if this has already been discussed in your thread. Any feedback is appreciated.
  • #2,855
  • Nov 13, 2009 8:07am Nov 13, 2009 8:07am
Hi, I just found this thread and it's very long but the first page makes it look quite interesting. Is there a condensed version like a PDF ? Also what are the results? who is using it, are you having good results?
  • #2,856
  • Nov 13, 2009 11:38am Nov 13, 2009 11:38am
Quoting talond
Hi, I just found this thread and it's very long but the first page makes it look quite interesting. Is there a condensed version like a PDF ? Also what are the results? who is using it, are you having good results?
Hey Talond,

IMHO, this is the best system on Forex Factory, thanks so much Nanningbob for patiently leading us all along the path to profitability in the forex. As for me, I ran a demo for two months from February-April, then went live with optimized settings. Since April I have more than doubled my account size (roughly 100,000 pips) using only Bob's recommended slow moving pairs.
For someone just learning the system, follow Bob's instructions on how to setup a demo account with his indicators, EA, then begin to read the entire thread. After you understand the possibilities here, you can customize the EA entry points to each currency. Trust me when I say the time spent is well worth it! Good luck, and thanks again Bob,

Bioquim
  • #2,857
  • Nov 13, 2009 3:02pm Nov 13, 2009 3:02pm
Quoting bose3
I have read your threads and I really like the multi level approach. Before I came across ur thread, I used to do the same thing only on one pair (EUR/CHF) but the problem is that when volatility dries up then there is nothing much to do. After looking at your strategy being applied on more than one pair, it created a room for more opportunities.

I have read the thread in detail and even tested the 60x90 and 180x100 EA with good results. I wanted to know if it would make sense to apply both of the EAs to the pairs you suggested for beginners?...


That sounds like a good idea. Since IBFX is being forced to lower its leaverage to 100:1 I will probably no longer be able to run the more volatile pairs. Simply wont be able to run the 242 recovery on several pairs at once if I need. Until I get familiar with running my system on 100:1 leverage, it simply will be hard for me to judge some of these things but it sounds solid to me. I also will be going down to 7-12 pairs or using the 40 MA BB bands system. Testing now.
  • #2,858
  • Nov 13, 2009 4:00pm Nov 13, 2009 4:00pm
Quoting Bioquim
Hey Talond,...
Thanks I am glad to hear some people are making some money. If you take out your original investment you will be playing with free money. Good luck.
  • #2,859
  • Nov 13, 2009 8:41pm Nov 13, 2009 8:41pm
JPY has a tentative call on their interest rate late Thursday but they havent changed much in 10 years. Of course if they ever did the market would go bonkers. Imagine what would happen if they jumped to 2%. Dang you thought last 2008 October was bad. But I dont expect a thing to happen. How do you loan money at .10%?? A tenth of a percent, thats wild. I wonder if I could get a Japanese home loan.
  • #2,860
  • Nov 13, 2009 8:45pm Nov 13, 2009 8:45pm
Quoting talond
Hi, I just found this thread and it's very long but the first page makes it look quite interesting. Is there a condensed version like a PDF ? Also what are the results? who is using it, are you having good results?
I try to highlight the most important items in the first post. Other than that it is a long read. Good luck.
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