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Nanningbob 60x90 EA

  • #3,501
  • May 5, 2010 3:58am May 5, 2010 3:58am
Quoting IamTHAT
Missed all 5 trades in eurgbp due to Stop orders and I deleted them all and started afresh. And many more trades missed in other pairs. That is an added benefit of having Stop orders when market moves in one direction.
Now I need to find a method to delete all such orders automatically..
Yeah, the EA I'm using is slowly closing out all the heaviliy margined trades. Just the same I'm begginning to think using Stops is the way to go with this. I'd like to see if I can code in a "Trailing" Sell/Buy stop so that it will follow the price automatically as it continues to trend, only entering once it starts to move a certain number of pips in the other direction. It would be a slightly more accurate entry method while at the same time hopefully eliminating the need to go behind the EA and delete the old ones.

I tell you I love Nanningbobs counter trend strategy and I'm seeing a lot of potential here for developement of an excellent EA.
  • #3,502
  • May 5, 2010 5:47am May 5, 2010 5:47am
Quoting Zurathustra
I'd like to see if I can code in a "Trailing" Sell/Buy stop so that it will follow the price automatically as it continues to trend, only entering once it starts to move a certain number of pips in the other direction.
If you can do it, nothing like it. I have been trying hard to incorporate it, but not successful. I have used this feature in the previous MAFilter EA but only on the first level. Problem here is spacing between orders will vary and we will have to alter TP or multiplication accordingly. So, if few orders remain pending, then we can alter later orders reflect it.
If you do it, I am eager to try with very close Pips and TP on volatile pairs!
"Put all your efforts in becoming effortless"
  • #3,503
  • May 5, 2010 8:33am May 5, 2010 8:33am
I can only imagine how ugly things are at this moment for those who use the ea on a short timeframe. I just switched the ea off and placed some hedge trades with a tight trailing stop.
  • #3,504
  • May 5, 2010 9:21am May 5, 2010 9:21am
Quoting qz10cq
The master ea is at -6% dd.....Dan
What is the master EA? There are so many eas in the thread I am confused. Can you post a link please?
  • #3,505
  • May 5, 2010 10:00am May 5, 2010 10:00am
Quoting panamamike
What is the master EA? There are so many eas in the thread I am confused. Can you post a link please?
Page 1 post 1 second sentence.
  • #3,506
  • May 5, 2010 10:01am May 5, 2010 10:01am
I recommend getting out of every EUR trade as soon as possible and in the best shape possible. It seems to be collapsing all over the board. If this keeps up the EURO may be doomed.
  • #3,507
  • May 5, 2010 12:51pm May 5, 2010 12:51pm
I am hoping someone here can shed some light on problems I am having with MT4 crashing.

I am running several terminals on my VPS. Memory is not an issue as I have ample resorces to run up to 20 terminals. I am running different terminals with the following eas testing various pairs: NanningBobv1.9.mq4, NanningBobEA-StopwithMAfilter.mq4, and SixthscreenEAv3.2.mq4. The only changes made to any of the programs is that I had the sixthscreen order entries changed to comply with ECN brokers. The problem existed prior to using this version.

For some reason terminals are crashing unexpectedly. There is no mini dump file being created. I had my VPS reconstructed and did a fresh install of all setups yesterday. They worked fine for a day, then they are crashing again today. Has anyone had a problem with any oof the EAs related to Bob's method crashing their platform? I need to resolve this and am lost as to why it may be happpening. any assistance would be greatly appreciated.
  • #3,508
  • May 5, 2010 1:58pm May 5, 2010 1:58pm
Quoting nanningbob
I recommend getting out of every EUR trade as soon as possible and in the best shape possible. It seems to be collapsing all over the board. If this keeps up the EURO may be doomed.
Do you think this is bringing down CHF too?
  • #3,509
  • May 5, 2010 2:57pm May 5, 2010 2:57pm
One would think that a decent retrace should occur between now and NFP. Profit taking and reducing exposure before the release. Just my .02.
  • #3,510
  • May 5, 2010 4:27pm May 5, 2010 4:27pm
Yeah, so I'm happy that the trending has continued as it really has turned into a worse case scenerio for the EA on M30.

Currenty EURUSD is 8 Tiers deep on a loosing trade and would have gone to Tier 9 or possibly 10 had I nor run out of margin on my demo. Here's a snapshot of the situation:

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.GIF Size: 30 KB


Now upon first glance you'll see.. hey, your up $348.56.. however the devil is in the details. Take a look at Equity which is the actual balance if I were to close all trades, then take a look at Margin and Free Margin. Basically I am in a situation on the demo where I CANT open a new trade at the next tier so I am forced to wait for a much larger retrace to get out of this grave.

Currently the account at at 107% margin level, all it would take is for EURUSD to run against me another 30 pips and I'll hit a margin call, forcing the broker to close all my trades leaving me with roughly half my starting account balance.

This is a PRIME EXAMPLE of the dangers of using Martingale for Lot sizing and why I have been very adamant about NOT using this EA live and using a large enough amount of margin to run it. Even with a $10k account on a demo, it doesn't seem to be enough when news announcements line the market up into a major trend on multiple pairs.
  • #3,511
  • May 5, 2010 5:13pm May 5, 2010 5:13pm
Quoting jay320
Do you think this is bringing down CHF too?
I dont know why? Why is the CHF going down the tubes also? I have not read any news on it but for some reason noone thinks its safe right now. This is looking like 2008 all over again. No reason or sanity. I understand the EURO going down the tubes but I dont understand the CHF. I am going to look for that retrace this week and if I dont see it I may abandon it also since it is guilty by association of being European.
  • #3,512
  • May 5, 2010 5:29pm May 5, 2010 5:29pm
Quoting nanningbob
...This is looking like 2008 all over again...
It's definitely a mess. I'm now 2 levels deep in recovery for AUD/NZD and at the first for CHF/JPY. With the NZD flare up and now the CHF wreck, it looks like I'll be giving back a large portion of my gains from the previous two weeks. Too bad.

Luckily, I'm out of anything EUR and have been since I posted yesterday. This is just getting really ugly!

Edit: I also see there is big news for both AUD and NZD tonight. This sucks.
  • #3,513
  • May 5, 2010 5:33pm May 5, 2010 5:33pm
Quoting nanningbob
I dont know why? Why is the CHF going down the tubes also? I have not read any news on it but for some reason noone thinks its safe right now. This is looking like 2008 all over again. No reason or sanity. I understand the EURO going down the tubes but I dont understand the CHF. I am going to look for that retrace this week and if I dont see it I may abandon it also since it is guilty by association of being European.
I don't trade the swissy but is CHF going down the tubes or is the USD showing strength. On why it might be suffering geographical proximity seems to generate pull in the markets, and perhaps there is suspicion that Swiss banks and industries are exposed to eastern europe and the pigs and might suffer as a result.
  • #3,514
  • Edited 6:07pm May 5, 2010 5:52pm | Edited 6:07pm
Ok, so NZ unemployment rate improves 1.3% from 7.3 to 6.0. A/N continues to tank. When this and CHF/JPY recover, I think i'll lick my wounds on the sidelines for the rest of the week with the NFP bomb coming on Fri.

Update: I'm now 3 levels in recovery on A/N. I have never gone this deep on a 4H nanningbob system.
  • #3,515
  • May 5, 2010 10:37pm May 5, 2010 10:37pm
Has someone implemented a limit order on the sixth EA?

with the current currency runs the limit order would have been a better choice.

Any thoughts ?
  • #3,516
  • May 6, 2010 12:32am May 6, 2010 12:32am
OK I am done with a USA broker I think. What you could do is just hedge the whole mess and wait for the market to settle. Whoever thought hedging was bad is an idiot. This is a perfect time for a hedge, walk away and come back next week and trade your way out. Because we cant do this we are looking at a losing situation. I closed out my NZD trades and will look for a CHF end of week reversal. This will keep my losses at about 15% of my account. Much different than the guys playing the 30M wipeout game. Too many currencies to play the 2.4.2 system with. I will play the CHF. I wish I could hedge and come back next week. It would be so much easier.
  • #3,517
  • May 6, 2010 1:41am May 6, 2010 1:41am
I was thinking about hedging last night when I saw that happen (btw, the chf was matching the eur tick by tick as I was watching both 1minute charts). I hedged my usd and chf trades and took my losses. I'm still in the audnzd and audchf trades though...

I wonder if hedging could become a part of this system, for those who can do it. We usually get some drawdown after we enter a trade, before it turns into our favor. Would it be a good idea to hedge until it turns? That way you could make money both ways. Or would the hedge turn into a loss most of the time?
  • #3,518
  • May 6, 2010 2:00am May 6, 2010 2:00am
If by hedging you mean buy & sell the same pair it may be harder than you think. InterbankFX (& probably other brokers) won't allow you to play that game any more.
  • #3,519
  • May 6, 2010 2:26am May 6, 2010 2:26am

I know US brokers don't allow hedging anymore. I'm with Alpari UK and they do allow 100% hedging.

Also, today is election day in GB and from a political point of view it's quite interesting and exciting, I'm not sure what the GBP will do, may not be a bad time to phase out those trades as well.

  • #3,520
  • Edited 10:11am May 6, 2010 4:51am | Edited 10:11am
Hi Nanningbob

I'm using Admiral Markets. It's possible to hedging and spread are fixed as I remeber - it's been changed recently so I'm sure about the status

Always I'd like to ask you how have you been hedging because always I end up with lost. You have to be good in AT (like price action) to find where to exit and not lost because the correction is bigger.
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