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Nanningbob 60x90 EA

  • #3,361
  • Apr 27, 2010 7:12am Apr 27, 2010 7:12am
you can either go to the objects tab and delete them one by one.

Or add to the following to the indicator's code:
int deinit()
{
//----
ObjectDelete("onesixth");
ObjectDelete("twosixth");
ObjectDelete("threesixth");
ObjectDelete("foursixth");
ObjectDelete("fivesixth");
//----
return(0);
}

this should then remove the lines off the chart when you remove the indicator.
  • #3,362
  • Apr 27, 2010 8:33am Apr 27, 2010 8:33am
Zurathustra,

After demo testing since the Sunday open, I've decided to load your EA onto my live account. The obvious improvements are great: Specifying bars instead of using the screen, automatically importing the indicator data into the EA, etc. But I love the little touches too, from being able to choose your colors to getting the "A High" or "B low" by hovering over. Really nice work!!

Now if I could only get you to program in setting stops instead of taking market orders...

-Jay
  • #3,363
  • Apr 27, 2010 8:36am Apr 27, 2010 8:36am
Quoting MorningMania
you can either go to the objects tab and delete them one by one.

Or add to the following to the indicator's code:
int deinit()
{
//----
ObjectDelete("onesixth");
ObjectDelete("twosixth");
ObjectDelete("threesixth");
ObjectDelete("foursixth");
ObjectDelete("fivesixth");
//----
return(0);
}

this should then remove the lines off the chart when you remove the indicator.
I get it.. it creates objects that aren't deleted automatically. See, i'm a complete idiot sometimes.
  • #3,364
  • Apr 27, 2010 10:20am Apr 27, 2010 10:20am
Quoting MorningMania
I usually keep my eyes on the news all the time but this is tricky. I don't think any country would voluntarily leave the euro, it offers too many benefits plus all the participants have invested too much already.

The is a possibility of a "new Greece" though. Ireland, Italy, Spain and Portugal all have serious balance issues. The thing that seems different from Greece is that Greece actually manipulated it's figures in the past to make everything seem ok. These other countries seem to have all their cards on the table. I assume their current...
That is what I am afraid of. At least in OCT. 2008 we knew that Congress was voting and interest rate change day but this, every rumor that hits the fan could make the markets go crazy.
  • #3,365
  • Apr 27, 2010 11:15am Apr 27, 2010 11:15am
Quoting jay320
Zurathustra,

After demo testing since the Sunday open, I've decided to load your EA onto my live account. The obvious improvements are great: Specifying bars instead of using the screen, automatically importing the indicator data into the EA, etc. But I love the little touches too, from being able to choose your colors to getting the "A High" or "B low" by hovering over. Really nice work!!

Now if I could only get you to program in setting stops instead of taking market orders...

-Jay
Not sure I follow what your looking for there? There is already code in the EA to set stops, or are you looking for a different order type? I also strongly recommend you demo test this longer then one day before going live with it.

Right now on the demo I started monday evening I am up $137.74, however the USDCAD and the NZDUSD have both hit level 5 (0.16 Lot Size) and I am margined by $2,271.77. While this is the type of trading I expected, I personally want to do more extensive testing to see just how deep the hole will go.

However I am happy to say the EA is "functionally sound" and does perform exactly how it should. So if you intend to only run the EA during certain market hours, or watch it while it runs then by all means. I just dont recommend going all in like I have on my demo.
  • #3,366
  • Apr 27, 2010 11:27am Apr 27, 2010 11:27am
Quoting Zurathustra
Not sure I follow what your looking for there?
He wants to have sell stop order few pips below the line at the top (after the the price has touched the line) and buy stop at the bottom instead of market orders. If there is a movement in the market like that is happening now, orders will not filled and there is an opportunity to delete orders. This is similar to STOP order EA mentioned by qz few posts ago. This is easy to implement and quite helpful.
"Put all your efforts in becoming effortless"
  • #3,367
  • Apr 27, 2010 11:47am Apr 27, 2010 11:47am
Quoting IamTHAT
He wants to have sell stop order few pips below the line at the top (after the the price has touched the line) and buy stop at the bottom instead of market orders. If there is a movement in the market like that is happening now, orders will not filled and there is an opportunity to delete orders. This is similar to STOP order EA mentioned by qz few posts ago. This is easy to implement and quite helpful.
So just so I'm clear on how this would work:

Price would move to the A High Line, however rather then immediatly placing a Sell it would instead place a "Sell Stop" X number of pips below the line so that when price starts to move back down the order will be placed. The reverse would be true for a Buy Stop. The purpose of such a system would be to "hopefully" prevent early entries before the trend has started to bounceback, and therefore reduce some of the margin requirements.

Yeah, that does sound helpfull. I'll see what I can do about working that in... If something else was meant, well then please explain it.

EDIT: Spare time will be scarce over the next couple of days, so expect a few days to go by before I am able to work this in. I know the other day I churned out the modified indicator and EA in like 8 hours so I hope someone isn't expecting that kind of speed.
  • #3,368
  • Apr 27, 2010 1:57pm Apr 27, 2010 1:57pm
Quoting Zurathustra
So just so I'm clear on how this would work:

Price would move to the A High Line, however rather then immediatly placing a Sell it would instead place a "Sell Stop" X number of pips below the line so that when price starts to move back down the order will be placed. The reverse would be true for a Buy Stop. The purpose of such a system would be to "hopefully" prevent early entries before the trend has started to bounceback, and therefore reduce some of the margin requirements.
Zura,

That's one way it could work. Actually I was thinking it would set the stop when it gets X number of pips PAST the A or B line, and then set the stop at the line itself. I wouldn't dare expect you to code it overnight or even at all, as your contributions have already been amazing to the thread. However, if you are interested in giving it a try, you should take a look at the EA referenced in http://www.forexfactory.com/showpost...postcount=3352. It was coded by IamTHAT and does specifically what is being discussed, albeit for the MA-based nanningbob system. Check out the input for "stopgap."

Stops are not a panacea to the ills of martingaling but it does offer you another tool in your toolbelt, so to speak.

Thanks again for everything.
  • #3,369
  • Apr 27, 2010 2:22pm Apr 27, 2010 2:22pm
I feel like I might shut off the EA tomorrow due to the FOMC statement, even though it will likely not change, there is normally so movement due to this.
  • #3,370
  • Apr 27, 2010 5:59pm Apr 27, 2010 5:59pm
To be better prepared for interest news tomorrow, I liquidated most of the positions for good profit and turned off the EAs for most of the pairs. Currently I am 3 levels deep on nzdchf. Most likely it will retrace due to heavy resistance but if not, I am ready to go 242.
  • #3,371
  • Apr 27, 2010 6:30pm Apr 27, 2010 6:30pm
Quoting gustav213
I feel like I might shut off the EA tomorrow due to the FOMC statement, even though it will likely not change, there is normally so movement due to this.
I think that is good advice. You want to trade the aftermath of the news most of the time. If you see most of the currencies to go way overbought or over sold that means the big boys know where price is going. They have set the table. You have the EAs on for that. If price goes into the middle then stay out and play the aftermath, next day or day after.

 

  1. This is important, last week the CAD moved because of a story that next time the CAD would raise interest rates. Just look at the movement because of what some official said. The CAD is a minor currency, now imagine if they say the same thing for the dollar. No rate change but maybe next time. I believe the market will go nuts.
  2. I hate trying to trade the news, it is such a crap shoot.

  • #3,372
  • Apr 27, 2010 6:39pm Apr 27, 2010 6:39pm
Just to let you know how I am playing this. I am 30-16 this week but my account is up 3.8% for the week already. Whenever I have gotten to break even on any two or three level trade I close it and go back to one level. My profits are coming from 1 level trades most of the time. My DD has been between 5-8% but that is being caused by trading the higher volatile currencies. I have decided to drop them one by one as I have zeroed out my trades. They are not worth the risk in my opinion. Some of you that are experienced may trade them but there are a lot of newbies here trying to learn forex so I am going to steer them away from trading these pairs. My next post will be my recommend list again and variations.
  • #3,373
  • Edited 8:02pm Apr 27, 2010 6:59pm | Edited 8:02pm
So mix and match a variety that suits your tastes and trade away. What you dont want is to be trading 6 EURO currencies. Try to trade maybe two or three minor currencies and 3 or 4 majors. This will give you some balance across the board. If the Euro takes a dive you can use winnings from other pairs to offset the DD.
OK my top 15 pairs and alternates:
2 of each : cad, gbp
3 of each: aud, jpy,
4 of each chf, nzd,
5 of each eur
6 of each usd
aud/cad - aud/nzd this matches minor or commodity currencies together. As I have stated before minor currencies can get squashed by the larger currencies.
aud/usd - chf/jpy - eur/aud - eur/cad -- eur/chf - eur/gbp -eur/usd -nzd/chf - nzd/jpy - nzd/usd - gbp/usd - usd/chf - usd/jpy
Alternatives: the aud/jpy, eur/jpy, gbp/jpyare all similiar so choose one. The Aud/jpy is not as volatile as the gbp/jpy if you want less movement but still like some volatility but it will do long trends more. The most important thing is you dont want to be heavily investment into any one currency. If the EUR/NZD is too volatile for your tastes you can replace it with nzd/chf or nzd/jpy. I just happen to like the eur/nzd pair and the way it flies around the chart. I hate the USD/CAD, it will get crushed by the dollar at times and it does not have its own session to retrace. For example the AUD/usd, nzd/usd and others have their own sessions for retracement. The CAD doesn not. I have gotten caught in that too many times to want to trade it anymore.

Most volatile pairs: (use with caution) gbp/jpy, gbp/chf, gbp/nzd, gbp/anything, eur/nzd, eur/jpy, aud/jpy
I no longer trade usd/sgd. It is going to 25:1 leverage, simply not worth using up that much margin for a slow mover like that.
  • #3,374
  • Apr 27, 2010 8:08pm Apr 27, 2010 8:08pm
I am going to cycle out of my positions today. I turned off the EA so I wont enter any new positions and close other trades as they profit or get close to BE.
  • #3,375
  • Edited Apr 28, 2010 9:24am Apr 27, 2010 11:13pm | Edited Apr 28, 2010 9:24am
Quoting jay320
Zura,

That's one way it could work. Actually I was thinking it would set the stop when it gets X number of pips PAST the A or B line, and then set the stop at the line itself.
I have done the modifications and hope it works.
Attached File(s)
File Type: ex4 Sixth Screen EA v3.2z-StopOrders.ex4   25 KB | 452 downloads
File Type: mq4 Sixth Screen EA v3.2z-StopOrders.mq4   24 KB | 442 downloads
"Put all your efforts in becoming effortless"
  • #3,376
  • Apr 27, 2010 11:48pm Apr 27, 2010 11:48pm
Quoting IamTHAT
I have done the modifications and hope it works.
Much appreciated.. I'll start demoing it tomorrow. Hopefully some day I'll be able to code.
  • #3,377
  • Apr 28, 2010 1:28am Apr 28, 2010 1:28am
Quoting IamTHAT
I have done the modifications and hope it works.
I tell you by the time were done with this EA it will have so many contributors! Anyone know who wrote the original? There was no comments when I started modding it, so I just addedd my own with a general description of what the code was doing.

Regardless, appreciate the work IamTHAT!
  • #3,378
  • Apr 28, 2010 1:56am Apr 28, 2010 1:56am
Quoting Zurathustra
I tell you by the time were done with this EA it will have so many contributors! Anyone know who wrote the original? There was no comments when I started modding it, so I just addedd my own with a general description of what the code was doing.

Regardless, appreciate the work IamTHAT!
Original credits:
STOCH POWER EA.mq4 |
//| Copyright 2005, Alejandro Galindo |
//| http://elCactus.com |
//| Copyright 2007, AZAM575 & SYLARVAMPIRE & YUSOF786 |
//| http://mymefx.com

Later on Der Stratege did some improvements(alerts etc.) which I generally use. Bob knows about it all.
Many more things possible but hampered by programming capability. Say for example, if we switch EA off and switch it on later after the price has moved a lot, beyond the Pips distance, then we enter with the same multiplication, which could result in overall loss. If multiplication could be changed to reflect the actual distance from previous entry, it would solve the problem when we do not trade 24x5.
"Put all your efforts in becoming effortless"
  • #3,379
  • Apr 28, 2010 6:41am Apr 28, 2010 6:41am
What a wonderful EA!!! i have tested the 60x90 3 level system for 10 days and im 83.3808% up, although i lost some when MT shut down with EA still on, after opening the program EA went crazy and entered trades on random places, had to close those with little losses and it happened several times lol. So new to this that still haven't figured out how to use the recovery EA.

Thanks for the amazing contribution, best things in life really are free
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
  • #3,380
  • Apr 28, 2010 7:03am Apr 28, 2010 7:03am
Quoting ray420
What a wonderful EA!!!
Now I need to start afresh with the original!
"Put all your efforts in becoming effortless"
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