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Nanningbob 60x90 EA

  • #2,901
  • Dec 4, 2009 10:58am Dec 4, 2009 10:58am
For now I have made this change and will go very conservative in my trading. I changed the 60x90 to a 60x60 and put them all on a 1H chart.

Hi Bob, Was just wondering why from 90 to 60

James
  • #2,902
  • Dec 4, 2009 7:30pm Dec 4, 2009 7:30pm
Quoting El Salon
For now I have made this change and will go very conservative in my trading. I changed the 60x90 to a 60x60 and put them all on a 1H chart.

Hi Bob, Was just wondering why from 90 to 60

James
Lower multiplication, more profit on the lower end trades. 2.4.8. is more profitable than 1.3.9. If a trade is in trouble I have more resources to get out and more trades. For the slower pairs it should work. 60x90 was designed to use with all pairs at different TF. 60x60 will only work with the slow pairs and still have room to use my 2.4.2 recovery system. There is a risk that price will move outside the range of the EA like Friday's usd/jpy but that pair has a strong history of bouncing back well have a sudden runup.
  • #2,903
  • Dec 7, 2009 1:13pm Dec 7, 2009 1:13pm
Quoting qz10cq
Bob, took ur seven safest, put it on a pending trade ea (Master) 1hr chart and will keep u informed. Apples to apples.....Dan
Bob, 1.8 multiplier on this ea, +170 for the 3 days but had a dd of just over 300 playing for dimes on a 1500 demo account. Didn't turn it off for the rate days and thats probably why the big dd. Usually dd is in the 20 - 30 range. Will keep u informed....
  • #2,904
  • Dec 7, 2009 8:54pm Dec 7, 2009 8:54pm
Quoting qz10cq
Bob, 1.8 multiplier on this ea, +170 for the 3 days but had a dd of just over 300 playing for dimes on a 1500 demo account. Didn't turn it off for the rate days and thats probably why the big dd. Usually dd is in the 20 - 30 range. Will keep u informed....
Yeah I got caught with the 60x60 in Fridays news but working my way out. Pocketed some profits and have eliminated over half of my DD. Still in profit at this point but need a little more retrace to get things back under control. Should have known better to play the Friday news with a 60x60. Well, we will survive.
  • #2,905
  • Dec 8, 2009 5:27am Dec 8, 2009 5:27am
I know I am a little late with this but interest rate this week are:
tues. Cad
WED. NZD
Thurs. GBP and CHF

Happy trading.
  • #2,906
  • Dec 9, 2009 12:03am Dec 9, 2009 12:03am
Hello,

After a week and a half of running on demo, I've got an error 130:
2009.12.08 04:59:56 BBFlex EURCHF,H4: OP_SELL-Send: instrument: EURCHF order size: 0.01 open price: 1.5105 slippage: 5 stop loss: 1.5705 take profit: 1.5005 Ask: 1.5112 Bid: 1.5108.
I also had some issues with USDJPY when it went to multilevel.
Therefore, please don't trade it live until I'll fix those issues.

Maxim
  • #2,907
  • Dec 9, 2009 1:56am Dec 9, 2009 1:56am
Quoting qz10cq
Bob, 1.8 multiplier on this ea, +170 for the 3 days but had a dd of just over 300 playing for dimes on a 1500 demo account. Didn't turn it off for the rate days and thats probably why the big dd. Usually dd is in the 20 - 30 range. Will keep u informed....
Bob, chf/jpy is killing me right now. Biggest dd of over 600, open trades of .01, .04, .23 and .41 for a total of .69. Pending trades of .02, .07, .13, and .74 for a total of .96. With market orders I would have been out 2000. Will play thru rate change on thur hoping the pending ea will save me from the spikes. Thats if I haven't margined out by then...Keep u informed.....Dan
  • #2,908
  • Dec 9, 2009 2:05am Dec 9, 2009 2:05am
Quoting maximf
Hello,

After a week and a half of running on demo, I've got an error 130:
2009.12.08 04:59:56 BBFlex EURCHF,H4: OP_SELL-Send: instrument: EURCHF order size: 0.01 open price: 1.5105 slippage: 5 stop loss: 1.5705 take profit: 1.5005 Ask: 1.5112 Bid: 1.5108.
I also had some issues with USDJPY when it went to multilevel.
Therefore, please don't trade it live until I'll fix those issues.

Maxim
Maxim, what kind of results, dd are u getting on ur ea?
  • #2,909
  • Dec 9, 2009 2:16am Dec 9, 2009 2:16am
Quoting qz10cq
Bob, chf/jpy is killing me right now. Biggest dd of over 600, open trades of .01, .04, .23 and .41 for a total of .69. Pending trades of .02, .07, .13, and .74 for a total of .96. With market orders I would have been out 2000. Will play thru rate change on thur hoping the pending ea will save me from the spikes. Thats if I haven't margined out by then...Keep u informed.....Dan
Chf/jpy just closed me out with a 419.82 loss, but account has survived to fight another day. Perfect storm hit chf/jpy and this master ea is still standing. Still like this ea a lot IamThat, but the object is to make money. My 1500 starting account is now down to 1300. will keep u guys informed...Dan
  • #2,910
  • Dec 9, 2009 3:16am Dec 9, 2009 3:16am
Quoting qz10cq
Bob, chf/jpy is killing me right now. Biggest dd of over 600, open trades of .01, .04, .23 and .41 for a total of .69. Pending trades of .02, .07, .13, and .74 for a total of .96. With market orders I would have been out 2000. Will play thru rate change on thur hoping the pending ea will save me from the spikes. Thats if I haven't margined out by then...Keep u informed.....Dan
Egads where did you get the .01 .04 to .23 from?????????? my 60x90 goes 1,3,9 and my 60x80 goes 2,4,8 so your multiplication is all wrong. I am 3 levels deep on the chf/jpy but it is not killing my account. Guys ......... you gotta stay away from the large multiples and from experience I have learned only to go 3 levels deep and then go to the 2.4.2 recovery. Yes you take a loss on the first level but you hope the 4th retraces and break even levels 2,3,4. That is the best way to handle these perfect storms and keep your accounts from big losses and blow outs. Believe me I learned that the hard and expensive way in the past. Once past level three I want to minimize my loss not go for the home run, the risk to reward ratio is just too risky after 3 levels even though you can make it most of the time. The problem is the hit gets too big when you dont make it. Actually the Eur/usd is giving me the most fits right now. But I am not close to blowing out my account or taking a big loss. Maybe 5-10% depending on my patience with the thing. I hope to zero it out with a retracement but not in the loss league like your mentioning.
  • #2,911
  • Dec 9, 2009 5:06am Dec 9, 2009 5:06am
Hello qz10cq

Meanwhile the account is 30$ up with no trades.
I had to close USDJPY manually when it made problems...
It's too early to speak about the results,-will post them once a month.

Maxim
  • #2,912
  • Edited 6:15am Dec 9, 2009 5:59am | Edited 6:15am
Quoting nanningbob
Egads where did you get the .01 .04 to .23 from??????????
Bob,

Multiplication is 1.8 and because of placing stop orders, only some orders become market orders if there is enough retrace during the fall or rise.
Dan has mentioned remaining pending orders in that series that have not become market orders. He is at level 8 and obviously Pips setting is not suited for JPY pairs.
That is a distinct advantage of placing stop orders.

Dan,

Keep posting your progress. JPY pairs at present are very risky for the settings you use and better avoid or use just USDJPY. Actually CHFJPY fall is nothing compared to other JPY pairs. Use a DailyRange indicator to see whether your setting can cover the range of any given pair.
Or, use wider TP and Pips, say TP of 60 and Pips of 50. That is bare minimum for JPY pairs or GBPUSD .
As you have shown, if there was lot optimisation to reflect missed trades, probably you could have made profit by adding few more levels. I am just trying to incorporate that, also alter buffer levels depending on the trend. I will keep you informed.
"Put all your efforts in becoming effortless"
  • #2,913
  • Dec 9, 2009 8:48am Dec 9, 2009 8:48am
Quoting IamTHAT
Bob,

Multiplication is 1.8 and because of placing stop orders, only some orders become market orders if there is enough retrace during the fall or rise.
Dan has mentioned remaining pending orders in that series that have not become market orders. He is at level 8 and obviously Pips setting is not suited for JPY pairs.
That is a distinct advantage of placing stop orders.

Dan,

Keep posting your progress. JPY pairs at present are very risky for the settings you use and better avoid or use just USDJPY. Actually CHFJPY fall is nothing compared...
Bob,

Last week when brokers changed leverage to 100:1, I opened a new account with ur 7 safest pairs on 1hr tf to mimic what u did with ur 60/60. I am using IamTHAT's master ea and my thoughts are to see if the 60/60 or the master was safer/profitable. Nobody seems to be giving there results to u and this would be apples to apples.

I,

Had ur ea on 4hr tf with Bob's 12 safest and was cruising along at around 800 pips daily. I have not changed anything, it's right out of the box as u set it. Ur 8 levels at 35 pips between levels gives me 315 range which up until my perfect storm last night was enough. My perfect storm on chf/jpy last night lost me 400 but I do understand there are losses on every ea and the one's that say they don't lose are not worth testing. Losing and still with my account intact is a big plus for me. Before I expand the tp and pips on ur ea I will give it another perfect storm so to compare with Bob's 60/60. Daily range is 147 on chy/jpy and I thought ur 315 was enough. That's what I get for thinking. Actually I've been thinking about doubling the daily range and then setting ur ea's tp and pips to accommodate for each pair. Right now I'm giving Bob apples to apples until the next perfect storm. Don't know how u could improve this ea and can't understand why Bob and the thread haven't jumped on board, the pending trades versus market orders are a big difference to me. Waiting like a dog for ur next improvements....Dan
  • #2,914
  • Dec 9, 2009 10:01am Dec 9, 2009 10:01am
Quoting qz10cq
Bob,

I,
Don't know how u could improve this ea and can't understand why Bob and the thread haven't jumped on board, the pending trades versus market orders are a big difference to me. Waiting like a dog for ur next improvements....Dan
Nice to know that your finger is on the pulse.
So many things I am trying at the same time, I am getting overwhelmed. First thing we need to have is is to alter lot size every level depending on total market open orders only. Next thing is to change the buffer sizes depending on the trend or may be use Bob's 3ema filter.
And about advantages about pending orders, since we use lower Pip steps, it makes a difference. But for steps 100 or more, it may not be of much help as there is bound to be enough retrace.
If we are looking 60x60 stop of orders will be of help.
Ultimately, we will have to have different settings for each pair and 60 x 50 may be ideal middle point. Any choice of TP more than around 60 may make this EA very sluggish and boring.
"Put all your efforts in becoming effortless"
  • #2,915
  • Dec 9, 2009 2:11pm Dec 9, 2009 2:11pm
Quoting IamTHAT
Nice to know that your finger is on the pulse.
So many things I am trying at the same time, I am getting overwhelmed. First thing we need to have is is to alter lot size every level depending on total market open orders only. Next thing is to change the buffer sizes depending on the trend or may be use Bob's 3ema filter.
And about advantages about pending orders, since we use lower Pip steps, it makes a difference. But for steps 100 or more, it may not be of much help as there is bound to be enough retrace.
If we are looking 60x60 stop of orders...
I knew u were doing something with this ea. Sluggish boring and profitable is just what we all should be looking for. If u need any help with testing or anything else please say so.....Dan
  • #2,916
  • Dec 9, 2009 2:43pm Dec 9, 2009 2:43pm
Quoting IamTHAT
If we are looking 60x60 stop of orders will be of help.
Ultimately, we will have to have different settings for each pair and 60 x 50 may be ideal middle point. Any choice of TP more than around 60 may make this EA very sluggish and boring.
I think it is important for everyone monitoring this thread to realize there are two distinct EAs at work here. One EA places market orders, the other places stop orders. I would urge everyone to look at these EAs side by side to determine if one or the other is more profitable or fits your trading style. I took the time a couple of months back to evaluate each and found the original EA presented by Bob to be more profitable in different types of market conditions. I have been using the original EA since April and have more than doubled my account trading nano-lots. I hope my two cents is worth something. Good luck to everyone...

Bioquim
  • #2,917
  • Dec 9, 2009 4:32pm Dec 9, 2009 4:32pm
Quoting qz10cq
Bob,

Last week when brokers changed leverage to 100:1, I opened a new account with ur 7 safest pairs on 1hr tf to mimic what u did with ur 60/60. I am using IamTHAT's master ea and my thoughts are to see if the 60/60 or the master was safer/profitable. Nobody seems to be giving there results to u and this would be apples to apples.

I,

Had ur ea on 4hr tf with Bob's 12 safest and was cruising along at around 800 pips daily. I have not changed anything, it's right out of the box as u set it. Ur 8 levels at 35 pips between levels gives me 315...
800 pips a day ............. somethings wrong ??????????????
  • #2,918
  • Dec 9, 2009 5:02pm Dec 9, 2009 5:02pm
Quoting nanningbob
800 pips a day ............. somethings wrong ??????????????
Making around $80 daily playing for dimes Bob with ur 12 safest pairs. On ur 7 safest pairs I'm average around $60 up until my perfect storm hit....Dan
  • #2,919
  • Dec 9, 2009 5:31pm Dec 9, 2009 5:31pm
Market versus pending orders would be an interesting debate. I think both have great points. I like market orders because I have developed a trading style with the 2.4.2 recovery system and dont want to change. I guess you could say I am locked in. With my 60x60 I may go 4 levels instead of three and go 2.4.8.4. When I hit the fifth my level 1 trade is only 300 pips down. So at is my loss point 12 is my maximum exposure at any time. I like to know what my maximum loss is going to be or I am willing to take. If I trade .02 my loss is 6.00 dollars and a 60 pip retracement zeros out my trade. Hardly an account buster. If I trade dimes and go .20 then I know my maximum loss is 60. That is the biggest advantage I see over going bigger and bigger lots with pending orders. Yet the pending order argument is a very sound one also. So it comes down to preferences and I like to know what my maximum loss line is. I can then budget my trades and account accordingly. So pending orders are a great system, but I like market orders a little better for the above reason. I know what my numbers are, good or bad on every trade I am entering. I know my best case scenario and I know my worst case scenario. I like having that knowledge.
  • #2,920
  • Dec 9, 2009 8:29pm Dec 9, 2009 8:29pm
Quoting nanningbob
Market versus pending orders would be an interesting debate. I think both have great points.
There are no bigger and bigger lots with pending orders. Order sequence is same. This impression you must have got from Dan's example. Since he went to level 8 with smaller pip steps, it looked different. Even in the example you have given of 60 pips x 5 steps, even if couple of levels are missed, you will have to deal with much lesser pips in the minus than 300. Hope you get my point. Also stop orders does not alter in any way your trading scheme.
Pending orders can be of help only Pips step is small, say around 40-50 so that some levels are missed. Even when there is a sudden spike it helps greatly.
Disadvantage at present is that if the first market order level is at 0.01 next may be at say 0.32. So it needs to optimization in calculating lot sizes to reflect missed orders. Then it will be most ideal. I am trying to hard, but with hardly any programming skill, I have not been successful.

Another advantage is when there is sudden spike or something, and you are not comfortable trading, you can easily get out with minimum damage, before pending order becomes a market order. Since I am trading live, I have come out of such situations a few times.
"Put all your efforts in becoming effortless"
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