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Nanningbob 60x90 EA

  • #3,441
  • May 2, 2010 7:10pm May 2, 2010 7:10pm
Quoting fx_mak
Hi,

Can someone point me to the recovery system and its documentation on how to use it. I think i might have to use it on my NZD pairs.

Thanks
Quoting nanningbob
page 1 post 1. Follow the directions from numbers 11, 20 and 21. I give examples and more notes.

http://www.forexfactory.com/showthread.php?t=150293

Post numbers 3295,3296 and 3309, I did a 2.4.2 recovery on the eur/gbp live over the last 24 hours. I walked everyone through the trade and system. You will find that trade on the last two pages. In my 4H trading system I usually do 1-3, 2.4.2 recovery trades live online every month. Once you get the hang of using it, it takes a lot of the emotional roller coaster out of trading. I...
Please look above at post no. 3316 p. 222.

It is also best explained in Bobīs booklet (NANNINGBOB 4H TRADING SYSTEM 4th EDITION April 2010) from page 22 on. You can find it at the zip folder on 1st page at http://www.forexfactory.com/showthread.php?t=150293

Good luck
  • #3,442
  • May 2, 2010 7:37pm May 2, 2010 7:37pm
Quoting nanningbob
Interesting about adding the range multiplier. I was using fractional to match up the lines to what I used in top to bottom screen. Instead of dividing by /6 I changed it to /5.6 and the lines matched up pretty close. I will take a look at that when I get back.
True, you could also divide by smaller number and result would be exactly the same. But to be honest I find multiplier more logical solution.
Anyway, using /5.6 would yield same results as using /6 with RangeMultiplier=1.071.

Have fun during rest of the weekend

Quoting fx_mak
Can someone point me to the recovery system and its documentation on how to use it. I think i might have to use it on my NZD pairs.
It's in the other thread: http://www.forexfactory.com/showpost...postcount=1394
  • #3,443
  • May 2, 2010 8:21pm May 2, 2010 8:21pm
Quoting abundance211
Please look above at post no. 3316 p. 222.

It is also best explained in Bobīs booklet (NANNINGBOB 4H TRADING SYSTEM 4th EDITION April 2010) from page 22 on. You can find it at the zip folder on 1st page at http://www.forexfactory.com/showthread.php?t=150293

Good luck
Thanks a lot
  • #3,444
  • May 2, 2010 10:28pm May 2, 2010 10:28pm
Quoting fx_mak
Thanks a lot
I am sorry, you will find the zip folder at post no. 1394 on p.93 of the said thread http://www.forexfactory.com/showthread.php?t=150293 (and not at the 1st p. as I wrote earlier)
  • #3,445
  • May 2, 2010 11:38pm May 2, 2010 11:38pm
Quoting piotrek_FX
Oh, btw: it's Piotrek, with "r"
Sorry, I too got it wrong too, error got transmitted from Bob
I made another small change to Zura's EA. I got the TF to be inputted externally, chart TF is not relevant BUT lines change according to the current chart TF so that we can visually scan different TFs to select best fit. I thought it would be useful. If there are any errors, I request Zura to correct it for me.
Attached File(s)
File Type: mq4 Sixth Screen EA v3.2z-StopOrders-ExternalTF.mq4   25 KB | 411 downloads
"Put all your efforts in becoming effortless"
  • #3,446
  • May 2, 2010 11:54pm May 2, 2010 11:54pm
Quoting piotrek_FX
True, you could also divide by smaller number and result would be exactly the same. But to be honest I find multiplier more logical solution.
Anyway, using /5.6 would yield same results as using /6 with RangeMultiplier=1.071.

Have fun during rest of the weekend

It's in the other thread: http://www.forexfactory.com/showpost...postcount=1394
Here are the results of your EA but I used a 100 pip stop loss. 58 wins to 49 losses but there was an increase in the account. Used .01 lots so very little DD. It still made 10 bucks. Used it on 24 currencies including the high flyers of gbp/cad gbp/nzd and eur/nzd, interesting results. The key to the winnings was the 2nd L profits were bigger than the 2ndL losses which were very small because of the 100 pip loss and the 2nd L profits were also bigger than the 1st L -100 pip losses. This math formula allowed the EA to be profitable this way. I will start playing with the math on this and see if we can optimize the setting. Very Interesting. May allow for playing with larger lots. The second key to this formula is if it did hit a SL price was so far out the EA picked back up a lot of the loss as the L1 trade came back in the center of the chart again. So if it did a L1 -100 2nd L -30 and then came back with a L1 +65 and a second L1+65 that would overcome almost all of the SL. So if a currency SL the next few trades made it almost BE. A key component to my philosophy.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
  • #3,447
  • May 3, 2010 12:51am May 3, 2010 12:51am
[quote=Zurathustra;3687899]Yeah, I'm looking at the same thing on my M30 demo of NZD/USD. Funny thing is if I had set max trades to 6 I would be out of them right now as the trades went to level 5 (my current limit) and then went on to level 6 then retraced back to the entry at level 5.. so if I had max trades 6 it would have closed out all of them at a profit.

What happened to your nzd/usd trade. Wich of the pairs you are trading are the most profitable?
  • #3,448
  • May 3, 2010 7:24am May 3, 2010 7:24am
Quoting qz10cq
Here's a screen shot. I turned the ma feature off, it opens all pending trades at .01 (dimes) for me which means my 762 profit is really 7620 pips. Can't wait to see how Bob's sixth ea finally ends up. Great thread and great job guys....Dan
I know you guys are frantically persuing the new 6th ea theme but this one is a winner. Here's my latest screen shot. Best to you guys....Dan
Attached Image
  • #3,449
  • May 3, 2010 7:40am May 3, 2010 7:40am
Quoting qz10cq
I know you guys are frantically pursuing the new 6th ea theme but this one is a winner. Here's my latest screen shot. Best to you guys....Dan
Dan,
You are still with the old EA? Your latest results are with H4 or Daily TF?
People have already switched over to the latest EA Sixth! It definitely gives better entries and is good option if you are going Live but profits are no match to yours. Keep testing till this one gets refined.
"Put all your efforts in becoming effortless"
  • #3,450
  • May 3, 2010 7:51am May 3, 2010 7:51am
Quoting jgoedhals
What happened to your nzd/usd trade. Wich of the pairs you are trading are the most profitable?
The NZDUSD trades are still active after the weekend, waiting on the price to retrace. As far as most profitable pair, thats a little hard to pin down. All of the pairs I am trading have been fairly active so I cant say one is more profitable then another.

Here is a detailed statement of all trades made so far sorted by currency pair.

Attached File(s)
File Type: pdf DetailedStatement.pdf   109 KB | 685 downloads
  • #3,451
  • May 3, 2010 8:00am May 3, 2010 8:00am
Hello Zurathustra,

Very nice results. Also, many thanks for sharing your wonderful ea.
Would you be kind enough to post your set file as a text file. If you could do that I am sure everyone would appreciate that as well.

Regards,
Jeff

Quoting Zurathustra
The NZDUSD trades are still active after the weekend, waiting on the price to retrace. As far as most profitable pair, thats a little hard to pin down. All of the pairs I am trading have been fairly active so I cant say one is more profitable then another.

Here is a detailed statement of all trades made so far sorted by currency pair.

Attachment
  • #3,452
  • May 3, 2010 8:05am May 3, 2010 8:05am
Quoting Zurathustra
The NZDUSD trades are still active after the weekend, waiting on the price to retrace. As far as most profitable pair, thats a little hard to pin down. All of the pairs I am trading have been fairly active so I cant say one is more profitable then another.

Here is a detailed statement of all trades made so far sorted by currency pair.

Attachment
Hi Zurathustra
Thanks for the info
Do you think the Sixth Ea, trading on 30min would be profitable in the long run? Why is the SL so big
  • #3,453
  • May 3, 2010 8:37am May 3, 2010 8:37am
Quoting IamTHAT
Sorry, I too got it wrong too, error got transmitted from Bob
I made another small change to Zura's EA. I got the TF to be inputted externally, chart TF is not relevant BUT lines change according to the current chart TF so that we can visually scan different TFs to select best fit. I thought it would be useful. If there are any errors, I request Zura to correct it for me.
Heh, you beat me to it! Well, once again you have saved me some time.

Might as well toss out my next planned change:

I have been working with smaller and smaller timeframes and have gone back to manually setting a line distance and TP levels. This is similar to what the EA originally did except now I plot the center based on bars and then Add/Subtract from that center to draw the lines, so that they move automatically as the center moves.

This is proving usefull because I can set the line distance to say "15 Pips" and the TP to "13" Pips" on the 5 minute chart for tighter "fixed" entry and exits. I'm using this to test the viability of "Catching" the trend as it starts rather then attempting to counter trade the end of it. The goal of course would be "Tier" into a winning trade rather then "Martingale" into a loosing trade. So far results have been... poor..

Anyway, it still works well as a counter trend finder with fixed entries.

My plan is to eventually add in a "Manually set Pip Distance and TP" option to the EA, because right now I've just stripped out the automatic settings in the code and wrote in manual settings.. which would mean yet another code branch for the EA if I were to submit it "as is".

However, you seem like you may be a better coder then myself; as I am NOT a coder by trade and have NO formal coding education, so if your willing to code the above in rather then wait on me to get around to it, here is a snippet of the code relevant to the changes I describe:

Inserted Code
 
double value = High[iHighest(NULL,0,MODE_HIGH,BarCount,1)] - Low[iLowest(NULL,0,MODE_LOW,BarCount,1)];      //value top of the chart - value bottom
double sixth = BuySellRange/10000;
double valueSTEMP = (value*(MathPow(10,Digits)));
double valueS = NormalizeDouble(valueSTEMP,0);
double sixthSTEMP = (sixth*(MathPow(10,Digits)));
double sixthS = NormalizeDouble(sixthSTEMP,0);
double seventh = TakeProfits/10000;
double seventhSTEMP = (seventh*(MathPow(10,Digits)));
double seventhS = NormalizeDouble(seventhSTEMP,0);
TakeProfit = seventhS;   
Pips = sixthS;
double center = High[iHighest(NULL,0,MODE_HIGH,BarCount,1)] - (value/2);
double SellLevel = center + (sixth * ABFlag);
double BuyLevel = center - (sixth * ABFlag);
if(ObjectFind("A High")==-1)init();
   //Comment(ObjectFind("sixth"));
   ObjectMove("A Low",0,TimeCurrent(),center-sixth-sixth);
   ObjectMove("B Low",0,TimeCurrent(),center-sixth);
   ObjectMove("Center",0,TimeCurrent(),center);
   ObjectMove("B High",0,TimeCurrent(),center+sixth);
   ObjectMove("A High",0,TimeCurrent(),center+sixth+sixth);

As you can see I am just "manually" setting the value for "BuySellRange" and "Seventh". (note the above code may not work on a 5 digit broker since I am hard dividing by 10000)

Inserted Code
 
extern double TakeProfits = 23;
extern double BuySellRange = 25;

Where the above = # of Pips.
  • #3,454
  • May 3, 2010 8:54am May 3, 2010 8:54am
Has any attempt been made to automate the recovery system into the Ea?
  • #3,455
  • May 3, 2010 8:55am May 3, 2010 8:55am
Quoting jgoedhals
Hi Zurathustra
Thanks for the info
Do you think the Sixth Ea, trading on 30min would be profitable in the long run? Why is the SL so big
I still feel its too early to say if trading this system on the M30 will be profitable long term, however I am hopefull. I am using a large SL because:

A) I forgot to set it to 0 for no stopless
B) I prefer to use NO stoploss for this system because of the Martingale lot sizing and the nature of the EA and how it sets entry and TP distance.

For instance, if I had set the SL to say 100, I would have hit it on quite a few trades, resulting in overall account balance loss. 150 would have also been hit on a few occasions. So then you are left with trying to figure out "What is a good SL setting?" and ultimately the answer has to be, "When your equity reaches X!".

So instead of a SL I'm using the equity protection built into the EA, on a 10,000 account I'm willing to risk up to 5% of the equity before I will stop out a bad trade. So I set:

AccountMoneyProtection to TRUE
AccountMoneyProtectionValue to 9500

So that if the drawdown ever pulls my account to 9500, it will close the trades and stop the EA.

Its my "Opinion" that SL's should be based on equity and not some arbitrary "pip" distance. Some people may not agree, however my past experience with using "pips" to determine SL has proven ultimately unprofitable.
  • #3,456
  • May 3, 2010 9:10am May 3, 2010 9:10am
Quoting azjeff
Hello Zurathustra,

Very nice results. Also, many thanks for sharing your wonderful ea.
Would you be kind enough to post your set file as a text file. If you could do that I am sure everyone would appreciate that as well.

Regards,
Jeff
These are the relevant settings:

Lots = 0.01
Barcount = 80
ABFlag = 1
Multiply = 2
MaxTrades = 7
StopLoss = 2000

Everything else is default excepts for AccountMoneyProtection, however see my post above about those settings.

Some things of note and/or Importance:

MaxTrades of 7 can produce lot sizes up to 0.64 which requires a fairly large amount of margin. If you are planning on using this live, which I still dont recommend anyone do, you WILL need at least $10,000 in your account IMO for this to be viable.

Stoploss of 2000 should really be 0 for no stoploss. The reasons are in my previous post. I will be changing all my stoploss settings to 0 myself, but it "is" the stoploss I "was" using.

Like in my previous post, I feel it is important to use the AccountMoneyProtection feature to protect your equity.
  • #3,457
  • May 3, 2010 9:14am May 3, 2010 9:14am
Quoting Zurathustra
The NZDUSD trades are still active after the weekend, waiting on the price to retrace. As far as most profitable pair, thats a little hard to pin down. All of the pairs I am trading have been fairly active so I cant say one is more profitable then another.

Here is a detailed statement of all trades made so far sorted by currency pair.

Attachment

If you set up the account on myfxbook.com it will show you your performance by currency pair. I am currently trading,tracking and developing 6 systems. It is a nice tool to use to analyze the internal performance of each system. I have improved my returns by dropping pairs that consistantly do not fit any specific system.
  • #3,458
  • May 3, 2010 9:51am May 3, 2010 9:51am
Quoting panamamike
If you set up the account on myfxbook.com it will show you your performance by currency pair. I am currently trading,tracking and developing 6 systems. It is a nice tool to use to analyze the internal performance of each system. I have improved my returns by dropping pairs that consistantly do not fit any specific system.
Learn something new every day. I'll look into that for future demo accounts, however I did not write down the password for the demo account since MT4 stores it automatically, so I cant add it to MyFXBook without that password.
  • #3,459
  • May 3, 2010 9:56am May 3, 2010 9:56am
Quoting IamTHAT
Dan,
You are still with the old EA? Your latest results are with H4 or Daily TF?
People have already switched over to the latest EA Sixth! It definitely gives better entries and is good option if you are going Live but profits are no match to yours. Keep testing till this one gets refined.
Yeah Ganesh still with the old ea on the 4hr tf. You guys will have to come up with something special for me to switch. Is there anyone else testing this ea? You guys testing on the lower tf are probably right as well as those playing 2 levels on the higher tf's. Losing a few but winning a few more is the ticket. Trying to win every trade isn't possible, the perfect storm is out there for all systems. Great jobs guys, the thread is alive with smart, contributing individuals....Dan
  • #3,460
  • May 3, 2010 10:00am May 3, 2010 10:00am
Quoting Zurathustra
Learn something new every day. I'll look into that for future demo accounts, however I did not write down the password for the demo account since MT4 stores it automatically, so I cant add it to MyFXBook without that password.
Yeah, i have had that problem as well. A good idea is to take a screen shot when you get your log in infoo confirmed and store them in a folder for future reference. I learned that the hard way.
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