Nanningbob 60x90 EA

Ok got it working. Dont think it had anything to do with the EA but the update that kept coming in. Once that update was done it quit crashing.

Actually, if the EA could be modified to make the first entry when both the BB is touched AND the MACD True is either above 80 or below 20 would probably be sufficient. That might make it somewhat easier to program. Can anyone tackle this?

Thanks,
Field

Aud interest rate tuesday. Eur and GBP thurs. Eur and GBP wont change but AUD is expected to change. So watch those AUD trades dont want to get deep into that pair.

OK guys I am back. I finally got what I think is what I have been looking for when I started this thread. Something that fit every currency movement. Several pages back I posted and indicator that divided the screen and we had quite a discussion about it. Well I finally got it too work the way I wanted. I want to thank the many guys who tried to make an EA work using a screen indicator. Thanks to IAMTHAT we now have one that works and with the right screen indicator you can trade two different ways. One for low risk few trades, maybe one or two trades a week per currency and another for those who would like to trade several times per week per currency. Since the figures adjust to every currency you can use it on any pair. The only caution though on volatile currencies is during quiet periods you need to watch out for breakouts to more volatile times. For example if the gbp/chf is showing 5 or 600 pip screen we know that one can go to a 1000 so you need to be cautious during non volitile times. You will understand that more later. The EA is good for 5 digit and 4 digit systems, but you need to input the rigth digits when you do it. So here is the folder and then I will explain how it works. Very simple really. Anyways enjoy testing this one.

First some splash before the meat. New colorful screens if you wish to use them. Comes in three colors red, green, and blue. To get other colors go to:
http://www.forexfactory.com/showthre...14#post3620614
There is a list of the numbers you need for other colors. This will do for now.

Now the indicator. This indicator is very simple and divides the screen into sixths. So the name of the system is sixths. Clever huh. The beauty of this indicator is it predicts and shows very closely the present and future S/R lines with uncanny accuracy but again not 100%. Notice how price bounces or pauses at these lines on the screen. Sorry about the funky colors in my demo testor, getting bored. Anyway you can set this on any currency pair and almost any time frame and have a degree of S/R accuracy.

Now how the EA works. You have to input the buy price and sell price that you want into the EA. The price will be good until price action moves to a new area but checking every day and adjusting it once or twice a week is good. I input my prices on Sunday and adjusted a couple on Thursday. How price moves will determine the changes. In this pic you will see 5 lines on the screen. The black one in the center which is the middle line a yellow line above and below that one and then a dark blue line above and below the yellow. The indicator divides the screen into 6 equal parts. Three above the black line and three areas below, that is why it is called sixths. The upper left hand corner will give you the distance from each line. The first line will tell you the distance from top to bottom which is 460 pips for the last 4 weeks. The second line gives you the distance from line to line which is 76.666 and the third line is a suggested TP which is set at 65.71.

You have a choice of trading conservatively with this system or aggressively. If you want to trade conservatively you will use the A lines, the dark blue lines on top and bottom. During this 4 week period it would have given you 5 or 6 high quality trades. If you want to trade more aggresively and do multi level trades then you can use the B lines or yellow ones which would give you about 10-12 trades during the same 4 week period but you would have to do some 2nd level trades. As you can see this system is designed to go two levels deep the vast majority of time.

First lets talk conservative trades. The Pink A on top is on the dark blue line and price here is 1.3183 if price was 1.3180 you do not want to input a 0 at the end so change it to 1.3179 do not use 0's If you have a 5 digit broker you will input the 5 digit number. Anyway this number is 1.3183 for a sell and 1.2877 for a buy. These are two very important numbers.

In the upper left hand corner is your key info for trading. I put the red thumb there. So here is how you trade. Use whatever screen you like the EA will handle all buy and sell trades. etc. There is only one EA and one indicator. That is it, very simple. Here is how it works. Drag the EA labeled "4H sixth EA ver. 3" onto your screen check the box that says allow live trading. Then click on inputs and enter the following information.
Lotsize .01 or whatever you want to risk. dime brokers .10 etc.
TakeProfit Go to the upper left hand corner by the thumb and round that number to the nearest whole number and enter that number so 65.71 = 65
PIPS This the distance from line to line and your 2nd level reentry point. This says 76.6667. I will enter 75. The EA will automatically reenter a 2nd level trade 75 pips away which is the top of the screen.
SELL LEVEL Input the price from the top line which is the pink A 1.3183, use 5 digits for 5 digit system. Never enter a number ending in 0 go one below to 99 or above to 01 but never 0. The EA will enter a sell trade when price goes above that price.
BUY LEVEL Input the price from the Blue A which is 1.2877. The EA will enter a buy when price goes below that price.
The EA will enter the trade at these levels and then will take profit at the number you inputted so for this currency pair that would be 65.

There are other choices to input if you so choose. Multiplication means if you enter 1.0 the next level would be the same lot size. If you enter 2.0 then the 2nd level would be double your first lot size. So if your first level is 4 lots the 2nd level would be 8. If you put 1.5 there the next lot size would be 6 instead of 8. (some brokers dont allow decimal multiplication)

If you want more trades then use the yellow line numbers in the EA and the blue lines would be your 2nd L trade and the 3rd level would be the top/bottom of the screen.

Thats it. Here is one weeks result. Used 300 dollars on a demo account trade .01 or one penny per lot on the 14 least volatile currencies. Traded off of the yellow lines. Profit 10.16 DD that is .038% almost 4% of the account. Carryover -5.62 or 1.5% net increase on the account. This is probably the fulfillment of what I wanted when I started this thread. A system that automatically adjust to each Currencies range and this indicator does that. Thanks for all your help guys. I will be putting this on my other live account and trade pennies this week. As I get used to it I hope to expand it t larger lots. I will start with slower currency pairs. aud/chf, aud/nzd, aud/usd, chf/jpy, eur/cad, eur/chf, eur/gbp, eur/usd, nzd/chf, nzd/jpy, nzd/usd, gbp/usd, usd/jpy, usd/chf. Good luck and happy testing.

One indicator and one EA. Cant get any simpler than that.

Bob,

Thank you for this simple system.
Does zoom level of the chart affect those lines? If so, do you have a method to arrive at the optimum range of the chart?

Thank You very much. Looks great.
Do You use MPTM with this system?

Yes, the best read in my opinion is to have 4 full weeks displayed on the screen. This puts a whole months of data crunched together to give us our numbers. IN my 4H trading system that is what I use. I have been playing around with the sixth indicator for about 3 weeks now and it seems very accurate. Just think of it as a flattened out BB band and you got it.

No I have not at this point. The problem with using the MPTM with a multilevel system that keeps the same Magic number is if the second level profits at +10 the 1st level would close with it making sure the trade was a loser. You could use it if everything was 1st level trades but as soon as you went 2 levels same magic number you would find it closing both levels at the same time and that would not be profitable. One use would be to guarantee a BE on both trades for example at +40 set BE to +30 and that might work. However, if you ever went to a third level it probably would not. Since every currency is using different figures I dont see a practical way of using it here. To assign a MPTM to every currency would be impractical I think. However, you never know, someone may come up with an idea on making it work.

Wow this just looks amazing, cannot wait to try this out. Bob you are the best and thanks for sharing so much with all of us.

I just figured out a way you could use the MPTM with this system. You would need two EAs and two screens for every pair or you could use one screen and switch EAs. Ok You play the B line with one EA, with a certain Magic Number. Then you could play a second EA for line A with another Magic number. You would need to change the MaxTrades line from 2 to 1 so you would not get any reentries off of the EA. So if price enters on the 2nd line and the Mptm activates the line A trade, it should not affect the Line B trade. If price hits the MPTM and then goes back above line A the EA would then enter another trade. I would use a +20 set BE to +10 with a trailing stop of 10. Then adjust the numbers based on experience. Hope you understood this. ????

There is way out of this. You must have seen how Blessings EA works. We can alter the EA so that only TP changes to the highest level in a series, instead of closing all trades when one of the levels closes. In that case each level can be handled separately. I think this is an essential part of this kind of system as MPTM can be a great asset here. I hope Steve could assist in making this change. If possible I will try to alter the Blessings EA to suit our needs.

I am going to test this on demo from monday. One question - on Your one week test EA was set to 2 MaxTrades?