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Nanningbob 4H trading system

  • #1,821
  • Jun 10, 2010 11:29am Jun 10, 2010 11:29am
Quoting astral77
Thanks for the clarification BOB. I knew if I closed a trade the EA would open another one but I had overlooked this, because I was relying on repeated mptm pips to compensate for the dd.

I opened a new account 2 weeks ago dedicated to this system only, due to balance of over $5k I have it hosted free with the broker and got a $200 promotional as well. Last week had a fantastic week and nearly 10% increase on the account. This week had large dd due to bad EUR trades (due to overconfidence and arrogance despite your warnings), but I was using...
Astral,

How many pairs are you trading off 5K and at what size?

I am trading 3K (demo) for now on .01 (micro, .10 cents per pip) lots with the full time EA and 1.3K (demo) on the manual with micro as well.

I had a large drawdown (manual) as well and have been quite cautious on my manual account. Just taking Primary trades which hasn't netted me a whole lot (60.00 this week).

We are our own best indicator.
  • #1,822
  • Jun 10, 2010 11:44am Jun 10, 2010 11:44am
Quoting bluemele
Astral,

How many pairs are you trading off 5K and at what size?

I am trading 3K (demo) for now on .01 (micro, .10 cents per pip) lots with the full time EA and 1.3K (demo) on the manual with micro as well.

I had a large drawdown (manual) as well and have been quite cautious on my manual account. Just taking Primary trades which hasn't netted me a whole lot (60.00 this week).

Bob`s recommendations of 22 pairs less the USDCAD and the high risk ones as mentioned in the manual, so 17 pairs in total, and lots 40 cents (i.e. 0.04). I use the formula 1/200,000 for high drawdown (i.e. $7,000/200,000 = 0.035 rounded off to 0.04). For high risk pairs I use 0.02 lots and have the EA re-enter after 150 to 200 pips with x1.6 (i.e. first lot .02, then .03, .05) 3 levels only.

I will be posting the statements every 2 weeks or so for all to see and I would very much welcome any suggestions, observations, etc.

Kind regards
  • #1,823
  • Jun 10, 2010 6:15pm Jun 10, 2010 6:15pm
Dang two days in a row, I cant ever remember that happening before. NZD Pairs are PR if you ignore the effects of the market moves from 4 weeks ago. They are skewing the charts right now. At least we finally have some possible trades.
RESULTS


Sells
nzd/chf
nzd/jpy
nzd/usd
gbp/chf 2nd (feeling lucky about this one)
gbp/usd
cad/chf PR
Buys
eur/aud PR
eur/cad PR not entered


STILL IN
eur/gbp PR -37
TOTALS
total for day +0
for the week +495
for the month +495
Carry over -37

PR=primary, 2nd=secondary
  • #1,824
  • Jun 10, 2010 7:38pm Jun 10, 2010 7:38pm
Quoting astral77
Bob`s recommendations of 22 pairs less the USDCAD and the high risk ones as mentioned in the manual, so 17 pairs in total, and lots 40 cents (i.e. 0.04). I use the formula 1/200,000 for high drawdown (i.e. $7,000/200,000 = 0.035 rounded off to 0.04). For high risk pairs I use 0.02 lots and have the EA re-enter after 150 to 200 pips with x1.6 (i.e. first lot .02, then .03, .05) 3 levels only....
Great, thanks for sharing. I like your adaptations and will try them. Seems like a good idea to water down the riskier pairs. I have limited myself to the big one's with more lots... I figure they are all so highly correlated that this will be sufficient for me for now.

I learned a lot when all the AUD pairs moved so much! I was reminded how closely these guys can follow each other when times are a trendin..

(On a side note, I got a call from a 'specialist' from forex.com who wanted to help and guide me with my trading. I just started back up live after a 4 month hiatus and I find it funny that he asked more questions about the 'systems' I was trading than about helping me. Or, I guess that helps him understand how he can help me, but the concept of putting my EA w/ forex.com or giving them any insight is just plain scary to me as I am becoming paranoid after some of the stuff I have seen over the last year) -- I know you are doing manual mainly, but just showing you my caution concerning them as I feel they are my worst broker for being truly 'on my side'. I wonder if you will get the hundreds of server disconnects and busy signals and requotes that I have gotten while sleeping!!!

Too bad Forex.com doesn't allow investor passwords anymore. If you think it prudent, I really like mt4i.com as it shows us all your stats while you are going through the mess...
We are our own best indicator.
  • #1,825
  • Edited 10:13am Jun 11, 2010 10:10am | Edited 10:13am
Quoting bluemele
Great, thanks for sharing. . I wonder if you will get the hundreds of server disconnects and busy signals and requotes that I have gotten while sleeping!!! Too bad Forex.com doesn't allow investor passwords anymore...
Hi

Thanks for your post. I agree with SteveHopwood when he says they are all criminals. I doubt it very much if they go through each account, but you never know. They definately SL hunt, however, so far so good. The reason I chose to take their offer of free VPS is because my VPS was overloading. I am thinking of going with a LINUX VPS rather than windows which I am with at present.

BOB I wonder if there is a way of deleting the trade comment entry, because according to STEVEHOPWOOD if you leave the trade comment blank and Magic number to 0, then it looks as if the trade was entered manually rather than by an EA.

Kind Regards
P.S. I have started trading the system using divergence on a different account to see how it goes, I wonder if toothman has any advice or pointers for this.
  • #1,826
  • Jun 11, 2010 10:43am Jun 11, 2010 10:43am
Quoting astral77
Hi

Thanks for your post. I agree with SteveHopwood when he says they are all criminals. I doubt it very much if they go through each account, but you never know. They definately SL hunt, however, so far so good. The reason I chose to take their offer of free VPS is because my VPS was overloading. I am thinking of going with a LINUX VPS rather than windows which I am with at present.

BOB I wonder if there is a way of deleting the trade comment entry, because according to STEVEHOPWOOD if you leave the trade comment blank and Magic number to 0,...
I looked at the code and there is a text message added to the order. It is easy to delete, I think. Will see this weekend.
  • #1,827
  • Jun 11, 2010 11:43am Jun 11, 2010 11:43am
Quoting nanningbob
I looked at the code and there is a text message added to the order. It is easy to delete, I think. Will see this weekend.
Thanks for your reply. You are very kind as always. I do not know if this is a good idea or not, but we will see. I know you have a lot on your plate, with version 5 and also family commitments, therefore please do not hurry in this case.

Kind regards
  • #1,828
  • Jun 11, 2010 12:01pm Jun 11, 2010 12:01pm
Quoting astral77
Hi

Thanks for your post. I agree with SteveHopwood when he says they are all criminals. I doubt it very much if they go through each account, but you never know. They definately SL hunt, however, so far so good. The reason I chose to take their offer of free VPS is because my VPS was overloading. I am thinking of going with a LINUX VPS rather than windows which I am with at present.
Astral, why dont you consider to move to ECN broker? I understand ECN broker make money from commission only.
  • #1,829
  • Jun 11, 2010 4:57pm Jun 11, 2010 4:57pm
Astral...I use M B Trading with mini lots and don't have a spread, but a commission, which is normally less than .05 cents for a .01 order. They deal in 5 digits in most cases, they don't stop hunt, have a trailing stop option for presets or customize your own. They have ACH funds transfers. I have faired better with them than any of the other 4 brokers I tried.
  • #1,830
  • Jun 11, 2010 7:17pm Jun 11, 2010 7:17pm
Quoting qz10cq
Maybe this is what your looking for Bob...Dan
This would work but I dont have the source code. My formula is a little bit more complicated than the one used in this indicator. I could modify it into what I want I think and it would give some solid info. So you do you have the original source code?
  • #1,831
  • Jun 11, 2010 10:34pm Jun 11, 2010 10:34pm
Finally some profits and movement. Cant complain but the MPTM sure is busy. I am trying ot see what happens if I enter once and quit. Much smaller DD but not as much profite. We will see where it goes.
RESULTS
eur/aud PR +10
eur/gbp PR 0 got out, didnt like this trade
gbp/chf 2nd +10 +10
gbp/usd +100
nzd/chf +10
nzd/usd +10
Sells
Buys
Practically all the commodity currencies are up for buys or sells.
Check the AUD, NZD, and CAD to pick and choose which ones you would like to trade Monday.

STILL IN
cad/chf -79
eur/cad PR -4
gbp/chf -6
nzd/usd -80
TOTALS
total for day +150
for the week +645
for the month +645
Carry over -169

PR=primary, 2nd=secondary[/quote]
  • #1,832
  • Jun 12, 2010 3:23pm Jun 12, 2010 3:23pm
Quoting sfg7th
Astral...I use M B Trading with mini lots and don't have a spread, but a commission, which is normally less than .05 cents for a .01 order. They deal in 5 digits in most cases, they don't stop hunt, have a trailing stop option for presets or customize your own. They have ACH funds transfers. I have faired better with them than any of the other 4 brokers I tried.
I would be at MB if it weren't for no hedging... although picking an opposite pair could always be done as well.
We are our own best indicator.
  • #1,833
  • Edited 12:23pm Jun 13, 2010 11:41am | Edited 12:23pm
Quoting nanningbob
I am trying ot see what happens if I enter once and quit. Much smaller DD but not as much profite. We will see where it goes.
[/quote]

I tried but it does not help much. it stopped only a few transactions becoming DD but kick of many good trades out when trade just started.

I tried to only reenter after X pips retracement from previous SL then Y pips movement from X (i set X=15 and Y=5). Compaing the exta pips earn (X-Y=10), i am not sastified with the extra pips earned aginst its cost which is being kick out of good trades. I just started to change X to 15 and set it to trail the retracement, will see what is the outcome. If anyone interested in the EA, i would post it here.
  • #1,834
  • Jun 13, 2010 3:56pm Jun 13, 2010 3:56pm
I tried but it does not help much. it stopped only a few transactions becoming DD but kick of many good trades out when trade just started.

I tried to only reenter after X pips retracement from previous SL then Y pips movement from X (i set X=15 and Y=5). Compaing the exta pips earn (X-Y=10), i am not sastified with the extra pips earned aginst its cost which is being kick out of good trades. I just started to change X to 15 and set it to trail the retracement, will see what is the outcome. If anyone interested in the EA, i would post it here.[/quote]

yes... please.. I would like to see it in action.
We are our own best indicator.
  • #1,835
  • Jun 13, 2010 11:56pm Jun 13, 2010 11:56pm
Just to add my voice to the MTPM. I like it because it does stop a lot of DD but It also losses a lot of pip profit. With IBFX I was hitting about 60% but with FXSol over 90%. (I used to trade with them 3 years ago but quit because they were a bunch of SL hunters. Still are I guess. Havent traded with them long enough this time to draw that conclusion but I am getting there.) Either way all those +10 will add up as long as you dont get into deep DD. So not sure what I will do with them yet.

I am starting to get a lot trade context is busy with the thing and that is aggravating. I think brokers dont like it and are trying to plug it up. I noticed some complaints elsewhere. I may try the hide stop line function from the broker and see how that works. May get better results that way.
  • #1,836
  • Jun 14, 2010 2:38am Jun 14, 2010 2:38am
Quoting bluemele
I would be at MB if it weren't for no hedging... although picking an opposite pair could always be done as well.
JadeFX is your answer there, no NFA bs either
  • #1,837
  • Jun 14, 2010 10:47am Jun 14, 2010 10:47am
jADEFX doesn't accept or do business with U.S. citizens
  • #1,838
  • Jun 14, 2010 11:11am Jun 14, 2010 11:11am
Is everyone here trading with the EA?

Naningbob is it possible to get in the trade manually, not using EA because I am not very comfortable letting the program plays without me watching it. Could you or someone point me where you have described it.
  • #1,839
  • Jun 14, 2010 11:27am Jun 14, 2010 11:27am
Quoting iCarumba
Is everyone here trading with the EA?

Naningbob is it possible to get in the trade manually, not using EA because I am not very comfortable letting the program plays without me watching it. Could you or someone point me where you have described it.
Nothing changes, you just put your order in at the cross or after the cross and the break with S/R lines. Not much different. I use EAs so I dont miss the trade, I found out manually I enter too early or too late or miss the trade altogether. So just put the MA lines on your screen and enter when price crosses. You could get a MA cross warning indicator to help you.
  • #1,840
  • Jun 14, 2010 11:49am Jun 14, 2010 11:49am
Here is a 6x6 warning system for your charts. It will warn you at the cross that a potential trade is coming. It will make a sound, post a message and place an arrow on the screen. It will work on any time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: warning sound.gif Size: 44 KB
Attached File(s)
File Type: ex4 6x6 warning system.ex4   4 KB | 527 downloads
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