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Nanningbob 60x90 EA

  • #2,941
  • Dec 15, 2009 9:13pm Dec 15, 2009 9:13pm
Quoting IamTHAT
Dan,

These settings may be much safer especially for GBP pairs, though producing fewer trades. Well TP of 63 is bit high for other pairs, may be. TP of 35 was ideal but not suited for Live trading unless you have a large account.
I too felt H1 is ideal, but with H4, we may have to either different buffer say 60 or 80, instead of chaning the TP. You can also change the MA to 20.
Nothing much tinker around here, optimizing for each pair may require changing TP or TF a bit and visual back tesing should suffice. Good that you are testing many pairs...
IamTHAT,

I don't think we will get a true read on ur master ea for the next few weeks, most traders have closed up for the year. I like the bigger tp and pips because it seems to be alot safer. I'm thinking of taking the daily average dividing it by 2 and taken that as my tp with the pips appropriately less. Just some kind of easy math formula for each pair. Gotta think about it for awhile. DD on 1hr today was 100 and on the 4hr it was 200, only made $25 on both accounts. The reason I want to change the tp and pips is the extended range it gives the ea's, I would like to get the range around 800 and I don't think it would lose to often. Thanks for ur advice...Dan
  • #2,942
  • Dec 16, 2009 12:31am Dec 16, 2009 12:31am
Quoting qz10cq
IamTHAT,

I don't think we will get a true read on ur master ea for the next few weeks, most traders have closed up for the year....
With higher TP comes fewer trades (also missed TP due to not enough retrace). According to me, it better to enter late with higher buffer and a lower TP. Best solution is to have a huge account! when your Pip step increases, advantage of pending orders also diminishes, as there will be retrace enough to make it a market order.
As you have pointed out, now there is hardly any movement in the market, it is tough to decide on parameters now.
I am working on couple of variations like incorporating 3EMA cross with buffer
etc. which I will post later if it has any benefit.
"Put all your efforts in becoming effortless"
  • #2,943
  • Dec 17, 2009 3:18am Dec 17, 2009 3:18am
I would like to thank everyone who has contributed to this thread. The accomplishments and improvements this past year have been great. I hope you all made some money. I will be shutting down my EAs for the year this Friday and wont restart them until after the first of the year. The first couple of days are big moves so not using the EAs until price settles. You could just enter after the trend starts and follow it for a couple of days.

Dont trade the NZD pairs after the 22. For some reason they have these huge spikes the day before and after Christmas and New Years day. Doesnt happen every year but I have seen them. Some of them will go over 1000 pips. None of my EAs can handle those kind of moves. Merry Christmas and Happy New Year but I want to take a break from trading and this is a good time to do it.
  • #2,944
  • Dec 17, 2009 6:07am Dec 17, 2009 6:07am
Quoting nanningbob
I would like to thank everyone who has contributed to this thread. The accomplishments and improvements this past year have been great. I hope you all made some money. I will be shutting down my EAs for the year this Friday and wont restart them until after the first of the year. The first couple of days are big moves so not using the EAs until price settles. You could just enter after the trend starts and follow it for a couple of days.

Dont trade the NZD pairs after the 22. For some reason they have these huge spikes the day before and after...

Bob,

Thanks for everything..
"Put all your efforts in becoming effortless"
  • #2,945
  • Dec 17, 2009 9:03am Dec 17, 2009 9:03am
Quoting nanningbob
I would like to thank everyone who has contributed to this thread. The accomplishments and improvements this past year have been great. I hope you all made some money. I will be shutting down my EAs for the year this Friday and wont restart them until after the first of the year. The first couple of days are big moves so not using the EAs until price settles. You could just enter after the trend starts and follow it for a couple of days.

Dont trade the NZD pairs after the 22. For some reason they have these huge spikes the day before and after...
Me to Bob, Thanks for everything. Merry Christmas and Happy New Year....Best to u and urs....Dan
  • #2,946
  • Dec 17, 2009 9:05am Dec 17, 2009 9:05am
Quoting IamTHAT
Bob,

Thanks for everything..
Thanks for everything IamTHAT, Happy Holidays and the best to u and urs......Dan
  • #2,947
  • Dec 17, 2009 6:01pm Dec 17, 2009 6:01pm
I dont post much Bob but I am always reading your posts because they are always good.

Thanks for the help throughout the year.
  • #2,948
  • Edited 9:55pm Dec 17, 2009 9:47pm | Edited 9:55pm
Thanks Bob for sharing this system that make this year a fruitful year for me.

I manually traded the BB 40 modifying it for the 1 minute timeframe, with interval of 15 pips or more (if price spiked) up to 4 levels, trading only 3-4 hours after work in the evening.

Guess what? It works like a cash machine.

Dunno how to print out the daily chart from the fxcm micro a/c I used, but since Nov 22, two days after using this scalping strategy, I have not had a single day where I lost money, collecting profits of $10-$50 daily.

Thanks again Bob for having this thread and pls so have a wonderfully Merry Christmas and and great New Year celebration in the coming days!
  • #2,949
  • Dec 17, 2009 10:34pm Dec 17, 2009 10:34pm
Quoting kenwoodlands
Thanks Bob for sharing this system that make this year a fruitful year for me.

I manually traded the BB 40 modifying it for the 1 minute timeframe, with interval of 15 pips or more (if price spiked) up to 4 levels, trading only 3-4 hours after work in the evening.

Guess what? It works like a cash machine.

Dunno how to print out the daily chart from the fxcm micro a/c I used, but since Nov 22, two days after using this scalping strategy, I have not had a single day where I lost money, collecting profits of $10-$50 daily.

Thanks again Bob...
If you are talking evening in the USA and doing the jpy session that is probably a great idea. EUR/USD would still give you some movement but wouldnt run away from you like it sometimes would in the USA session. Good luck in the future with it.
  • #2,950
  • Dec 18, 2009 4:14am Dec 18, 2009 4:14am
Quoting nanningbob
If you are talking evening in the USA and doing the jpy session that is probably a great idea. EUR/USD would still give you some movement but wouldnt run away from you like it sometimes would in the USA session. Good luck in the future with it.
I am in the Singapore/Malaysia/China timezone, same as in nanning. I trade the 6 pairs with the smallest spreads - E/U, G/U, U/J, U/C, E/J, A/U. Because it is manual, when I am recovering from one, I will ignore the rest. Only G/U forced me into level 4 a couple of times. Otherwise it is quite smooth sailing with the micro.
  • #2,951
  • Dec 18, 2009 4:35am Dec 18, 2009 4:35am
I didnt even know they had an office in China:

Fresh from the rumour mill: Shanghai Public Security Bureau raids Alpari’s representative offices in Shanghai, arrests people.
This might be a similar scenario to what has happened to Gain Capital back in 2007 when it ’suddenly’ close its China subsidiary. Sometimes pissing off the authorities backfires.
These are the only details known right now, will keep you updated once more is known. Nothing has been officially published so handle with care.


http://forexmagnates.com/alparis-sha...ople-arrested/
  • #2,952
  • Dec 18, 2009 4:38am Dec 18, 2009 4:38am
You know how much I love the NFA I did agree with them forcing the brokers to have more cash in reserve though, that is the cause of most of the failures. Making my deposit secure was not that bad of an idea.


http://forexmagnates.com/survivor-%E...oker-standing/


When you hear the word ‘regulation’ what immediately comes to your mind? Is that something good or bad? To me, that is always something grey, bureaucratic, NFA, cumbersome, rigid, etc. Now we have one more reason to frown when we hear that word.
So how many US brokers do you think have survived the NFA requirements tsunami which swamped the Forex industry in the past year or so? Given the competitiveness in the market and the abundance of online and offline ads you might say 50 or maybe 30 or even 20 if you are a real skeptic.
Actually it’s closer to 14. Yes, that much.
Back in October 2008 there were at least 29 of them. That’s a 60% decrease in 6 months…
With NFA inventing new impractical requirements every couple of months and FXCM acquiring one broker’s customer base after another the US Forex industry is undergoing a significant consolidation process. What used to be thriving and very competitive industry is now becoming more and more regulated and centrist and this is really bad news for consumers. The less competitive the market the worse is the bargaining power of the consumer.
NFA failed in its bid to make the markets better and made them worse by making all the wrong moves that were possible.
The Forex survivors, so far, are (registered with NFA as of March 2009):
Oanda
FXCM
Gain
GFT
FX Solutions
IBFX
PFG
CMS FX
IG Markets
Forex Club
MB Trading
Alpari – Just entered the US market
Ikon (Tradeview)
Easy Forex
I-Trade – sold its retail business to FXCM
ODL – sold its retail business to FXCM
Advanced Markets (amifx.com not the Swiss ACM)
GFS– announced its exit from US market
FXDD – is in registration process, though it might encounter few problems…
Give the NFA a few more months and the number of brokers goes below 10. Guaranteeed.
Michael
  • #2,953
  • Dec 18, 2009 11:18pm Dec 18, 2009 11:18pm
Quoting qz10cq
Thanks for everything IamTHAT, Happy Holidays and the best to u and urs......Dan
Dan,
Merry Christmas and happy holidays to you too.
Now a days I look forward to your updates too along with Bob's - Thank you.

Ganesh
"Put all your efforts in becoming effortless"
  • #2,954
  • Dec 19, 2009 6:37am Dec 19, 2009 6:37am
Let me add to that thought. Great job Dan and thanks for your many valuable thoughts and insights. Merry Christmas to you.
  • #2,955
  • Dec 19, 2009 7:18am Dec 19, 2009 7:18am
Quoting kenwoodlands
Thanks Bob for sharing this system that make this year a fruitful year for me.

I manually traded the BB 40 modifying it for the 1 minute timeframe, with interval of 15 pips or more (if price spiked) up to 4 levels, trading only 3-4 hours after work in the evening.

Guess what? It works like a cash machine.

Dunno how to print out the daily chart from the fxcm micro a/c I used, but since Nov 22, two days after using this scalping strategy, I have not had a single day where I lost money, collecting profits of $10-$50 daily.

Thanks again Bob...
hi there i have read this thread but not from the begining i dont have a lot of time .....so if u can help me with the system that u trade with , iam new in the forex markets and iam looking for a profitable system and i see from ur post that u r happy with ur trades lately , just give me the idea and how to start and what i have to do , thanks a lot and have a nice weekend.

best regards, fadi safieh.
  • #2,956
  • Dec 19, 2009 10:01am Dec 19, 2009 10:01am
hi

i made a request in this thread and IamThat remembered me about this thread:

http://www.forexfactory.com/showthre...=1#post3317997

i trade with Marketiva, so i need a colun that shows units and calculate the profit of each level, acumulated profit at the close of each level, etc. Plus i am getting this error in the stop loss cell... myabe it is only with open office?


thanks in advance for any help
  • #2,957
  • Dec 20, 2009 1:10pm Dec 20, 2009 1:10pm
Quoting fadi66
hi there i have read this thread but not from the begining i dont have a lot of time .....so if u can help me with the system that u trade with , iam new in the forex markets and iam looking for a profitable system and i see from ur post that u r happy with ur trades lately , just give me the idea and how to start and what i have to do , thanks a lot and have a nice weekend.
Fadi, it takes me 6 months to understand what Bob is doing, then base on his principles, I spin off a style/settings that suits my character and temperament. You too will have to do that if you are serious about forex trading.

The master (Bob) can teach you how to fish, but only you can decide what fish is good for yourself.
  • #2,958
  • Dec 21, 2009 5:46am Dec 21, 2009 5:46am
Hi all,

Merry Christmas to all of us and successful trading next year!

I've found and fixed some bugs in the BBFlex,-testing them this week.
I'll publish the results and the updated EA when the month ends.
At the moment it seems that those of you who are better at trading than at software development (like me) can contribute a lot in tweaking each pair's settings.

Bob, thanks a lot for explaining me things about the BB and 90x60 system!

Maxim
  • #2,959
  • Dec 25, 2009 3:31pm Dec 25, 2009 3:31pm
to all associated with this wonderful thread and method.
Vincit qui se vincit.
  • #2,960
  • Dec 25, 2009 11:23pm Dec 25, 2009 11:23pm
Quoting nanningbob
You can try downloading through a different browser. I have been having trouble with my firefox lately and am using Flock and IE more the last two weeks. Just cant get firefox to download some things.
That worked, thanks and have yourself a merry christmas and a happy new year my firend.
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