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Nanningbob 60x90 EA

  • #3,161
  • Mar 26, 2010 8:24pm Mar 26, 2010 8:24pm
Quoting IamTHAT
That's the problem. How can we get to that figure without taking some risk?
That is why I start these threads with my ideas. That is the goal. I know I have some good ideas but I know they are not complete. Guys like you are helping me get there. Thank you and everyone else here for helping me try to get there. I really appreciate it.
  • #3,162
  • Mar 26, 2010 8:25pm Mar 26, 2010 8:25pm
Guys go to this thread for some new cool screens. I will start using these in the future.

http://www.forexfactory.com/showthre...=1#post3589177
  • #3,163
  • Mar 27, 2010 6:16pm Mar 27, 2010 6:16pm
Hello to Everyone,

Thank you for spending the countless hours researching and developing this great EA! I am new to Forex, but I have been trading equities and options for some time.

I just would like to run an idea by everyone. Please don't "s*&t can" this idea and flame me.

Why not just buy a call and a put option, way outside the spot forex price, to hedge your risk for that "Rainy Day"? I'm sure it can't be that expensive, since we are talking about purchasing a call and a put option way out of the money.

Purchasing the options would only to serve as a hedge so you wouldn't blow up your account - it would not serve as perfect profit protection or anything else like that.

I realize that this is a semi martingale strategy - that most people start trading at .01 .... so why not just purchase a mini lot .1 or .2 call (and put) at 500 or 1000 pips away from the current forex spot price? You could predetermine how many "levels" that you would want to withstand, and then purchase the forex options to match your risk tolerance.

After looking at Saxo Bank, it looks like these options shouldn't cost that much (the spreads might be a little high, however). Are there better Brokers, that have tighter spreads and a liquid market, for Forex Options?

Thanks again for the hard work.
  • #3,164
  • Mar 28, 2010 6:19am Mar 28, 2010 6:19am
Quoting Trade & Pray
Hello to Everyone,



Why not just buy a call and a put option, way outside the spot forex price, to hedge your risk for that "Rainy Day"? I'm sure it can't be that expensive, since we are talking about purchasing a call and a put option way out of the money....
T&P,

What and outstanding idea. That could be the final piece to this puzzle. We all play several pairs so what would a .1 option cost us for 500 pips out? There is a lot of profit in this system but there is also the perfect storm for each of the pairs. I for one don't care if I pay the option premiums as long as the bottom line is protected at the end of the month. Love new blood and new ideas.....Dan
  • #3,165
  • Mar 29, 2010 9:09am Mar 29, 2010 9:09am
Quoting Trade & Pray
Hello to Everyone,

Thank you for spending the countless hours researching and developing this great EA! I am new to Forex, but I have been trading equities and options for some time.
Hi Trade & Pray,

That is a great idea !

It is one of the same strategies that is often used to trade the news.

What would be great is to program it into the EA and like Dan said it shouldn't cost too much.
  • #3,166
  • Mar 29, 2010 12:43pm Mar 29, 2010 12:43pm
Hi there

Bob or anyone else with the skills. Is there any chance we could add the 6X6 Filter from Bobs other thread (Nanningbob 4H trading system) to the 60X90 EA and the 180X200 EA. It needs to work so that both parameters are met e.g buffer distance or delay from MA is still a consideration before a trade is entered and the entry is made once the 6 and 6 cross.

Thanks

James
  • #3,167
  • Mar 29, 2010 6:03pm Mar 29, 2010 6:03pm
Quoting El Salon
Hi there

Bob or anyone else with the skills. Is there any chance we could add the 6X6 Filter from Bobs other thread (Nanningbob 4H trading system) to the 60X90 EA and the 180X200 EA. It needs to work so that both parameters are met e.g buffer distance or delay from MA is still a consideration before a trade is entered and the entry is made once the 6 and 6 cross.

Thanks

James
That is not a difficult thing to do. A MA cross is easy to add but the gold line has proven very difficult so far. The lines on the 60x90 or 180x200 would not be difficult to add a 6x6 or any MA cross.
  • #3,168
  • Mar 29, 2010 8:30pm Mar 29, 2010 8:30pm
Quoting El Salon
Hi there

Bob or anyone else with the skills. Is there any chance we could add the 6X6 Filter from Bobs other thread (Nanningbob 4H trading system) to the 60X90 EA and the 180X200 EA. It needs to work so that both parameters are met e.g buffer distance or delay from MA is still a consideration before a trade is entered and the entry is made once the 6 and 6 cross.

Thanks

James
I had already thought of this enhancement to the previous MA filter EA. In fact, this filter goes one step further, using 6x6 HIGH crossover(or 5x5-my choice) for sells and 6x6 LOW for buys. So the entry is further refined to be at the extremes. This EA is different from original 60x90 is the STOP orders instead of market orders. You will have to change parameters like TF, main MA, TP, buffer etc. There are couple of additional enhancements for safety, which you can know by tinkering around (set to false - default). If you are looking for market order EA, you can change it yourself by altering the code or change StopGap to minimum.
Attached File(s)
File Type: mq4 NanningBobEA-STOPwithMAfilter-2.mq4   23 KB | 402 downloads
"Put all your efforts in becoming effortless"
  • #3,169
  • Mar 29, 2010 9:10pm Mar 29, 2010 9:10pm
Quoting IamTHAT
I had already thought of this enhancement to the previous MA filter EA. In fact, this filter goes one step further, using 6x6 HIGH crossover(or 5x5-my choice) for sells and 6x6 LOW for buys. So the entry is further refined to be at the extremes. This EA is different from original 60x90 is the STOP orders instead of market orders. You will have to change parameters like TF, main MA, TP, buffer etc. There are couple of additional enhancements for safety, which you can know by tinkering around (set to false - default). If you are looking for market...
You have been a great contributor to this thread. Thank you.
  • #3,170
  • Mar 29, 2010 9:57pm Mar 29, 2010 9:57pm
Quoting nanningbob
You have been a great contributor to this thread. Thank you.
Bob,

I must thank you for providing the framework and so many ideas.
I still remember myself asking stupid questions in the audnzd thread and how you answered all the questions without getting irritated.
"Put all your efforts in becoming effortless"
  • #3,171
  • Mar 30, 2010 9:17am Mar 30, 2010 9:17am
I want one of my EAs to be a simple write the price you want to enter in the code. For example If bid > 1.6344 then it will enter when price goes above it. The problem I am having trying to code it as an entrance number is it only will take whole numbers, no decimals. I am talking about when you drag the EA on the screen and you want to put the numbers in at the input section. I cant get it to take decimals. Does anyone know how to do that?
  • #3,172
  • Mar 30, 2010 9:39am Mar 30, 2010 9:39am
Quoting nanningbob
I want one of my EAs to be a simple write the price you want to enter in the code. For example If bid > 1.6344 then it will enter when price goes above it. The problem I am having trying to code it as an entrance number is it only will take whole numbers, no decimals. I am talking about when you drag the EA on the screen and you want to put the numbers in at the input section. I cant get it to take decimals. Does anyone know how to do that?
Are you using extern double for input? probably you need to convert that again to correct Digits inside the code..
"Put all your efforts in becoming effortless"
  • #3,173
  • Mar 30, 2010 3:31pm Mar 30, 2010 3:31pm
Quoting nanningbob
I want one of my EAs to be a simple write the price you want to enter in the code. For example If bid > 1.6344 then it will enter when price goes above it. The problem I am having trying to code it as an entrance number is it only will take whole numbers, no decimals. I am talking about when you drag the EA on the screen and you want to put the numbers in at the input section. I cant get it to take decimals. Does anyone know how to do that?
Nice job you guys, this thread is getting better and better.

Here's an ea that I play with all the time Bob, it's visual meaning you can drag the buy/sell to wherever you want. It starts out picking the high/low of the last three candles automatic. In the input set both to true.
Attached File(s)
File Type: ex4 OCO_Visual.ex4   7 KB | 364 downloads
  • #3,174
  • Mar 30, 2010 5:12pm Mar 30, 2010 5:12pm
Quoting qz10cq
Nice job you guys, this thread is getting better and better.

Here's an ea that I play with all the time Bob, it's visual meaning you can drag the buy/sell to wherever you want. It starts out picking the high/low of the last three candles automatic. In the input set both to true.
OK will look at it. Sounds great.
  • #3,175
  • Mar 30, 2010 5:15pm Mar 30, 2010 5:15pm
Quoting IamTHAT
Are you using extern double for input? probably you need to convert that again to correct Digits inside the code..
What I would like is to take the 180x100 and input the follow using numbers (price) instead of MA. Buy line (Bid > Price entered) Sell Line (Bid < price entered) Pips until 2nd entrance, Pips for TP. I have a cool indicator that will give you the figures to enter.
  • #3,176
  • Edited Mar 31, 2010 4:52am Mar 30, 2010 9:57pm | Edited Mar 31, 2010 4:52am
Quoting nanningbob
What I would like is to take the 180x100 and input the follow using numbers (price) instead of MA. Buy line (Bid > Price entered) Sell Line (Bid < price entered) Pips until 2nd entrance, Pips for TP. I have a cool indicator that will give you the figures to enter.
I tried to do it to my understanding and see if it serves your purpose.

EDIT:

Bob,
I have edited previous EA for 5digit also and placed entries in the order you mentioned.
Attached File(s)
File Type: mq4 4H 20ma 50x180x100 3L-EDIT.mq4   21 KB | 366 downloads
"Put all your efforts in becoming effortless"
  • #3,177
  • Mar 30, 2010 10:01pm Mar 30, 2010 10:01pm
Quoting qz10cq
Here's an ea that I play with all the time Bob, it's visual meaning you can drag the buy/sell to wherever you want. It starts out picking the high/low of the last three candles automatic. In the input set both to true.
This a nice tool. Should help me a lot.
"Put all your efforts in becoming effortless"
  • #3,178
  • Mar 31, 2010 1:57am Mar 31, 2010 1:57am
Quoting IamTHAT
I tried to do it to my understanding and see if it serves your purpose.
OK that was excellent will test this. Now to make it easier to input info. The input screen should be in this order.
Buy Level
Sell Level
Take Profit
Pips
Stop Loss
Lots
Max Trades

If this works then I will want to strip the EA of all other functions. But we will wait to see if it works first before we do all that. I will test as it sits now but I want the simplicity of entering the info. If this works, I think it will be dynamite. Every currency will operate according to what it is doing not the one size fits all we have now. The S/R levels will pop out at you on the screen and you will see how it all fits together. Normal trading should be 2 levels deep and only go to 3 levels on extreme price movements. That is the hope anyway.
  • #3,179
  • Mar 31, 2010 2:11am Mar 31, 2010 2:11am
Quoting IamTHAT
I tried to do it to my understanding and see if it serves your purpose.
After I inputted the information the MT4 crashed every time. Any ideas??
  • #3,180
  • Edited 4:55am Mar 31, 2010 4:23am | Edited 4:55am
Quoting nanningbob
After I inputted the information the MT4 crashed every time. Any ideas??
I have tested it on IBFX and it worked. I don't know what is wrong. it was a 4 digit EA..I has put alert signal for Sell error in input and may be that is causing problem?

Bob

I have altered previous EA for 5 digit and changed entry orders in the sequence required. I have tested again it works!?
"Put all your efforts in becoming effortless"
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