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Nanningbob 4H trading system

  • #1,121
  • Feb 23, 2010 5:06pm Feb 23, 2010 5:06pm
hey all -

anyone using GoMarkets Aus here? For some reason I'm having trouble getting the EA's to work...any help, comment etc would be appreciated.
  • #1,122
  • Feb 23, 2010 5:09pm Feb 23, 2010 5:09pm
3x3 v2 with SwingMan's Fourths_v2 (120 bars hilo) works great.
It has become my guide for all my manual trades.
  • #1,123
  • Feb 23, 2010 5:26pm Feb 23, 2010 5:26pm
I had the eur/gbp reenter for +25 and usd/cad +46 this was leaving on the 01 series EAs and following the trend. Dont know how I am going to report these yet because I am not calling them but keeping the EA on and following the trend. Finally seeing some price movement so getting out of some break even trades and taking some profits. Trying to figure out some rules for following the trend. How long do I stay with it and when do I stop. ??? I know I am exiting some trades too early but still in testing mode.
TAKE PROFITS
aud/jpy -17 ver. 3 +43
gbp/nzd -13 L2 +116
gbp/chf +25 (nice move but hit my SL)
STRADDLE TRADE

 CLOSED FOR LOSS
aud/usd -3
eur/cad -58 L2 +44
OPEN TRADES
aud/chf, -49 ver. 3 trade +18
aud/nzd, -148 ver.3 -110
eur/aud, -155 ver. 3 -69 divergance turned off EA

TOTALS
total for day +137
 for the week +263
for the month +1412
Carry over -513
 primary trades
BUYS
eur/usd
gbp/jpy
gbp/usd
SELLS
 usd/chf
 Secondary trades
BUYS

SELLS

Took the favorite pair section off. I am testing all currencies with version 3. Not using usd/sgd though.
  • #1,124
  • Feb 23, 2010 5:42pm Feb 23, 2010 5:42pm
Quoting nanningbob
The EAs work anywhere on a chart. They are not based on any indicators but crossing MA. We just dont turn them on until they get beyond the lines. Anyway here is the fourths indicator. Enjoy.
I'm talking about the new EA's not the 3x3 cross EA's. This latest version won't trade unless you have crossed the fourths indicator, and then price touches your new NB indicator line, right? So I'm assuming the EA's won't work without the NB indicator and the fourths indicator on the chart.
  • #1,125
  • Feb 23, 2010 5:42pm Feb 23, 2010 5:42pm
The MPTM EA is fantastic. On a demo account I am using my 3x3 and on the aud/usd it moved up the sl to break even and both times it hit 0. (see green arrows) Then the third time price broke through for a nice move. The good thing about this though is when price on the 3x3 goes back to hit the 0 SL it also uncrosses and then the EA is waiting for the next cross. The chances of price going at least 20 pips on a cross on a 4H chart are very high so that also may really help on the DD. Anyways will be working with this more in the future. Here is the pic on the aud/usd.
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd 3x3 be.gif Size: 18 KB
  • #1,126
  • Feb 23, 2010 9:18pm Feb 23, 2010 9:18pm
Quoting Toothman
I'm talking about the new EA's not the 3x3 cross EA's. This latest version won't trade unless you have crossed the fourths indicator, and then price touches your new NB indicator line, right? So I'm assuming the EA's won't work without the NB indicator and the fourths indicator on the chart.
NO they are not based on the indicator. They will trade between the lines if you have them on. I have been testing between the lines trading with the trend. The pink series seems to do very well doing that.
  • #1,127
  • Feb 24, 2010 5:24am Feb 24, 2010 5:24am
Quoting nanningbob
NO they are not based on the indicator. They will trade between the lines if you have them on. I have been testing between the lines trading with the trend. The pink series seems to do very well doing that.
Thanks Bob. I sent a PM to you.
  • #1,128
  • Feb 24, 2010 6:43am Feb 24, 2010 6:43am
Quoting Toothman
I'm talking about the new EA's not the 3x3 cross EA's. This latest version won't trade unless you have crossed the fourths indicator, and then price touches your new NB indicator line, right? So I'm assuming the EA's won't work without the NB indicator and the fourths indicator on the chart.
They will buy and sell anywhere on the chart, they are not tied to the indicator. That is why on some trades I am following the trend inside the lines.
  • #1,129
  • Feb 24, 2010 8:11am Feb 24, 2010 8:11am
Here is a volatility range chart for each currency pair. It gives approximately the range of any currency pair during the last 5 weeks. You can see I broke them down into categories. You can now trade pairs based on their average volatility.
Attached File(s)
File Type: xls 4H RANGE.xls   16 KB | 296 downloads
  • #1,130
  • Feb 24, 2010 8:47am Feb 24, 2010 8:47am
Quoting nanningbob
Here is a volatility range chart for each currency pair. It gives approximately the range of any currency pair during the last 5 weeks. You can see I broke them down into categories. You can now trade pairs based on their average volatility.
Thanks very much
Kind regards
  • #1,131
  • Feb 24, 2010 6:08pm Feb 24, 2010 6:08pm
This is getting hard on how to report my trades, this is so much more discretionary. hmmmmmmmmmm again not much happened yesterday. I have to report possible trade scenarios even though they may not happen until later. AUD/NZD just wont retrace but it is going nowhere either. Forex is about businesses doing business and I dont see much business being transacted.
TAKE PROFITS
aud/chf, . 3 trade +0 hit my break even and reentered
eur/aud, ver. 3 +25

STRADDLE TRADE

 CLOSED FOR LOSS

OPEN TRADES
aud/chf, -49 ver. 3 trade -25
aud/nzd, -178 ver.3 -140 level 2 -25
eur/aud, -155
eur/usd entered then hit my break even
gbp/jpy -31
gbp/usd -61
 usd/chf never entered

TOTALS
total for day +25
 for the week +288
for the month +1437
Carry over -664
 primary trades
BUYS
chf/jpy
eur/aud
eur/gbp
eur/jpy
gbp/chf
SELLS
 aud/chf
Secondary trades
BUYS

SELLS

Took the favorite pair section off. I am testing all currencies with version 3. Not using usd/sgd though.
  • #1,132
  • Feb 25, 2010 4:41am Feb 25, 2010 4:41am
Quote
Thank you very much for a brilliant piece of blunder-spotting. Your name is added to my 'buddy' list, so you can participate freely in the scooby-doo thread, should you care to do so. If you don't know what I am talking about, then I suggest you find out pdq (look in Trading Systems). Warm round of applause. http://cdn.forexfactory.com/images/s...m/applause.gif

The fix is in post 1 as usual, and is an essential download. Sorry, guys.

http://cdn.forexfactory.com/images/s...m/big_grin.gif.
Hi BOB

You have to reload the new fixed version of stevehopwood`s mptm. apparently there was abig bug spotted and the fixed version (without a version as usual) can be found on the mptm thread at http://www.forexfactory.com/showthread.php?t=89371

Kind regards
  • #1,133
  • Feb 25, 2010 4:49am Feb 25, 2010 4:49am
Quoting astral77
Hi BOB

You have to reload the new fixed version of stevehopwood`s mptm. apparently there was abig bug spotted and the fixed version (without a version as usual) can be found on the mptm thread at http://www.forexfactory.com/showthread.php?t=89371

Kind regards
The version I uploaded recently is an earlier, tested version which does not have this bug. It also has the extra routines added which give better error information & better order control. Personally I would continue to use the tested version. Steve does not use version numbers, but I track his versions by creation date.

Look back if you need to download it.

Cheers
  • #1,134
  • Feb 25, 2010 5:01am Feb 25, 2010 5:01am
Quoting macman
The version I uploaded recently is an earlier, tested version which does not have this bug. It also has the extra routines added which give better error information & better order control. Personally I would continue to use the tested version. Steve does not use version numbers, but I track his versions by creation date.

Look back if you need to download it.

Cheers
Thanks very much MACMAN will use your version since as you quite rightly stated, your version is tried tested and refined. I agree that not using version numbers can be a nuisance but this are steve`s rules and if we wish to use the fruits of his labour we have to abide by his rules. The man is a EA making machine.

Kind Regards
  • #1,135
  • Edited 4:55pm Feb 25, 2010 6:21am | Edited 4:55pm
Quoting macman
The version I uploaded recently is an earlier, tested version which does not have this bug. It also has the extra routines added which give better error information & better order control. Personally I would continue to use the tested version. Steve does not use version numbers, but I track his versions by creation date.

Look back if you need to download it.

Cheers
macman,
Thank you for your contributions to the thread . Using the earlier version of the manager, can you tell me if my settings are correct if I want to close .01 lots of a .02 lot trade when I'm up 50 pips and trail the remaining .01 lot by 20 pips? I have BE set to true, BE pips set to 50, BE profit set to 30, partial close enabled set to true, close lots set to.01, preserve lots set to .01, trailing stop set to true, trailing stop pips set to 20 . thank you
  • #1,136
  • Feb 25, 2010 7:21am Feb 25, 2010 7:21am
Quoting Toothman
macman,
Thank you for your contributions to the thread . Using the earlier version of the manager, can you tell me if my settings are correct if I want to close .10 lots of a .02 lot trade when I'm up 50 pips and trail the remaining .01 lot by 20 pips? I have BE set to true, BE pips set to 50, BE profit set to 30, partial close enabled set to true, close lots set to.01, preserve lots set to .01, trailing stop set to true, trailing stop pips set to 20 . thank you
Not quite -
Think should be:

BreakEven=true
BreakEvenPips=50 (500 if you are on a 5 digit borker)
BreakEvenProfit=0
PartCloseEnabled=true
Close_Lots=0.01
Preserve_Lots=0.01
TrailingStop=true
TrailingStopPips=20 (200 if you are on a 5 digit borker)
TrailAfterBreakevenOnly=true

As usual no guarantees
Best of luck
  • #1,137
  • Feb 25, 2010 7:47am Feb 25, 2010 7:47am
thanks much mac.
  • #1,138
  • Feb 25, 2010 7:55am Feb 25, 2010 7:55am
Quoting macman
Not quite -
Think should be:

BreakEven=true
BreakEvenPips=50 (500 if you are on a 5 digit borker)
BreakEvenProfit=0
PartCloseEnabled=true
Close_Lots=0.01
Preserve_Lots=0.01
TrailingStop=true
TrailingStopPips=20 (200 if you are on a 5 digit borker)
TrailAfterBreakevenOnly=true

As usual no guarantees
Best of luck
Astral and Macman maybe you can answer this question for me. I like the MPTM a lot and I am learning how to use it. I have not tested the trailing stop yet because I am working with the jump start so my first question is does it work well? Second question, when it closes a trade will it close all the trades of that currency pair or just that one trade. I know I am having trouble with my EAs closing all the trades when I only want it to close one. That is why I am using different Magic numbers but it does not seem to be working out that way. The issue I am facing at this point is the MPTM works great when you have one trade going on a pair but when I get into multiple levels I am not sure it is working properly. Do you have any advice or experience using it in this area.
  • #1,139
  • Feb 25, 2010 8:06am Feb 25, 2010 8:06am
Quoting nanningbob
Astral and Macman maybe you can answer this question for me. I like the MPTM a lot and I am learning how to use it. I have not tested the trailing stop yet because I am working with the jump start so my first question is does it work well? Second question, when it closes a trade will it close all the trades of that currency pair or just that one trade. I know I am having trouble with my EAs closing all the trades when I only want it to close one. That is why I am using different Magic numbers but it does not seem to be working out that way. The...
IMHO a jumping stop gives better results than a trailing stop - both routines work fine.

The MPTM handles each trade individually, including any hedge trades it opens. For instance in my manual trading I will often have 6 trades open, 3 buy & 3 sell and each is handled individually according to the rules set for that currency pair. The hedge trades are opened by the MPTM, at a set pip loss.

Hope that helps ...
  • #1,140
  • Feb 25, 2010 8:49am Feb 25, 2010 8:49am
Thanks for your answer, I am trying to get my EAs and MPTM to work together seamlessly but that is not happening right now. My live account which I am showing here live every day is up 18% for the month but my other account which I am using penny trades but different EA and MPTM settings is up a nickel. It actually would have made more money but I am having trouble with all the trades being closed on that pair when my EAs close a trade. Pink to green is working great on one level trades but not multi level trades. I am willling to hang onto the losing trade but want to keep taking the winning trades if price is just going to bounce around for a while. I may have to go back to the old EA I had been using for years but it doesnt close at the green line just on X amount of pips. However, if you have different Magic Numbers with that EA it wont close the rest of the trades up. I think its because of my setting when price crosses the MA line close trade will do all of them but if I use TP at 50 pips it will only close that one. Working out the bugs. I think if I use my old EA only for entrances and at X pips take profit with the MPTM I will solve most of my problems. That EA I can do an either or. If price hit pink or white line enter trade or 3x3 cross enter trade. MPTM moves SL at 15 or 20 and we ill be a winner. However, if it enters at 3x3 cross and TP it will immediately reenter. HMMMMMMMM.
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