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Nanningbob 60x90 EA

  • #3,641
  • Jun 9, 2010 3:50pm Jun 9, 2010 3:50pm
Quoting bluemele
8 levels...

It actually holds up pretty well, surprisingly. It had a big move a few days ago, big move today, but no margin call and still banking pips...

Drawdown is like 40% now, but if you managed it, it wouldn't be nearly so high. I have mine on set and forget.
I hope your not trading 8 levels with the lot doubling in effect? Every test I ran on my EA's going 5 or more levels deep eventually blew up the account. I mean your talking going from 0.01 lots to 1.28 lots with 8 levels.

Still I keep coming back to this system as I try to find a way to make it more "accurate", but really I think the reason the EA's are successful in the short term is because of the Martingale style Money Management.
  • #3,642
  • Edited 5:23pm Jun 9, 2010 5:08pm | Edited 5:23pm
Quoting Zurathustra
I hope your not trading 8 levels with the lot doubling in effect? Every test I ran on my EA's going 5 or more levels deep eventually blew up the account. I mean your talking going from 0.01 lots to 1.28 lots with 8 levels.

Still I keep coming back to this system as I try to find a way to make it more "accurate", but really I think the reason the EA's are successful in the short term is because of the Martingale style Money Management.
HI Zurathustra,

Yes, indeed, 8 levels (Nano account)... I am trading with over 60K and not that concerned with the .128. My goal is to throw in a hedge anyways. Plus, I believe, if done properly, 1.28 isn't required. I would start hedging around L3 to L4. L8 would be the biggest move any of us have seen. Right now my line pips distances are like 300+ pips, so that would be a 2100+ pip move to get there without a retracement! I could see it happening, but the beauty too is right now my EA's are not opening all the orders because of the stop gap as well. That alone saves me dozens of pips on a fast moving or omni-directional market.

Any chance you would like to help us make those changes? Your version that Jay was using with MM's enhancements would be great, plus Money Management. Please PM ME IF YOU ARE...

I believe this system is really just martingale over a large span, so focusing on the entry is almost moot in my opinion. You actually want a bit of drawdown so you can get to higher level trades in a way which some will say is CRAZY! I think the only way you could goof this up is:

1. Really bad luck in that your entries are always way before the retracement beginning so it never retraces to close you out.

2. You are over-leveraged....

I am calculating about .0025 per 1,000.00 thus far... (until I get to 8 levels..haha)

(RECAP, I have a 5M stop gap version of Z's that I am running, I have tripled the account with a 35% drawdown in 1.6 weeks, but I would never trade live with this, just fun to watch)

http://www.mt4i.com/users/bluemele2/stats

---EDIT: ALSO, MY PLAN FOR SHORTER TIME-FRAMES IS TO NOT BE TRADING DURING LONDON OR NY OPEN. SO FAR ON THE SHORTER TIME-FRAMES, THE 10AM GMT AND 4PM ARE BY FAR THE MOST PROFITABLE. RANGING PERIODS.
We are our own best indicator.
  • #3,643
  • Jun 10, 2010 10:23am Jun 10, 2010 10:23am
If you could put the functionality from MM's EA where you can delete single entries without closing out the entire pair then....(I have been doing this manually on another account)

It goes long, you take 10 pips w/ trailing stop (or more)
rinse and repeat about 30 times

Then, if it goes against you and you have an L2 trade, then the same, L3 and so on....

L1 hits TS 20 times = good money
then it goes against you hits L2 hits TS 20 times = great money
then it goes against you hits L3 hits TS 20 times = fanstatic!

The only downfall is that you will stay possibly in your lower level trades longer as it could retrace and not go back up and retrace and not go back up etc...

I just realized that with this functionality that I would have doubled my profit over the last 2 days just on the 4H...

wow..
We are our own best indicator.
  • #3,644
  • Jun 17, 2010 4:50pm Jun 17, 2010 4:50pm
HI All,

I was hoping someone on this thread could help me with the super double-happiness technique I am working out.

I have done a bit of testing using two of these EA's (one reversed) and it basically is a hedge grid trader and in my testing reasonably profitable.

Please take a look at my request:
http://www.forexfactory.com/showthread.php?t=242064

The only one that makes sense to use right now is the Z version of the stop gap, but it needs some modifications to work.
We are our own best indicator.
  • #3,645
  • Jun 21, 2010 1:34pm Jun 21, 2010 1:34pm
Quoting qz10cq
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
Hi Dan,

I hopey you are around. Are you still testing the old EA? I try to use it on the 4h charts without the MA filter but has mixed results. Could you post me your settings? I don't really know how to set the trailing stop, UseSafeLevels and secureprofit settings.
If anybody else using the old EA, I'd be happy to hear about your settings and results. Thanks a lot.

---Be the pips with you---
  • #3,646
  • Jun 22, 2010 6:32am Jun 22, 2010 6:32am
Quoting bluemele
HI Zurathustra,

Yes, indeed, 8 levels (Nano account)... I am trading with over 60K and not that concerned with the .128. My goal is to throw in a hedge anyways. Plus, I believe, if done properly, 1.28 isn't required. I would start hedging around L3 to L4. L8 would be the biggest move any of us have seen. Right now my line pips distances are like 300+ pips, so that would be a 2100+ pip move to get there without a retracement! I could see it happening, but the beauty too is right now my EA's are not opening all the orders because of the stop...
Only a couple of currencies has ever done over 2000 without a retrace, the eur/aud Oct. 2008 and the NZD/USD spiked over 2000 on Christmas Eve several years ago. Other than that those were the only two times. The NZD/USD would not be a concern because it came back to its starting point within minutes but the eur/cad was a nasty.
  • #3,647
  • Jun 23, 2010 7:44pm Jun 23, 2010 7:44pm
Hello All,

I have a question for SixthsPendingOrdersReCodedV1. I don't understand how to define POINTS when setting the "Trade Settings" section. According to this website: http://daytrading.about.com/od/ptor/...sTicksPips.htm

"A point is the largest of the three terms, and is the smallest possible price change on the left side of the decimal point. For example, the ES futures market might experience a price change from 1314.00 to 1315.00, which would be a price change of 1 point."

So for StopGapPoints = 200, it means that if the price is 1.1234 plus the StopGapPoints, will become 201.1234 if the above definition of POINT is true.

I'm new in forex. Please help me to understand. Thanks.
  • #3,648
  • Jun 24, 2010 12:59am Jun 24, 2010 12:59am
in this case, by point i meant the smallest difference possible. So on a four digit broker it's 0.0001 and on a five digit broker it's 0.00001.

Testing by Bluemele revealed that the recoded ea is not taking all the trades that it should for some reason. I haven't had time to look at it and test it further to see exactely what is happening there. If you notice stuff feel free to let me know. Sending a PM is probably the best way so we don't clutter up this thread.
  • #3,649
  • Jun 24, 2010 5:55am Jun 24, 2010 5:55am
So any word on that account that was tripled in 1.6 weeks. With the way the EUR/USD has been bombing lately with small retraces I would expect you may have blown the account by now.
  • #3,650
  • Jun 24, 2010 6:09am Jun 24, 2010 6:09am
Thanks for that.

I'm demoing the original 4H sixth EA ver3 in 12 pairs using 2 charts in each pair, 1 normal mode and 1 in reverse mode. And in less than 24 hours, the account gained 15%. I'm using it in 1H TF. Is there anyone else doing this?


The highest level traded is 4 levels on eurusd and usdchf in the reverse mode. Only 3 levels for normal mode.


Gross Profit:2 140.24Gross Loss:579.66Total Net Profit:1 560.58
Profit Factor:3.69Expected Payoff:31.21
Absolute Drawdown:0.00Maximal Drawdown:247.39 (2.18%)Relative Drawdown:2.18% (247.39)

Total Trades:50Short Positions (won %):27 (62.96%)Long Positions (won %):23 (65.22%)
Profit Trades (% of total):32 (64.00%)Loss trades (% of total):18 (36.00%)
Largestprofit trade:320.00loss trade:-107.54
Averageprofit trade:66.88loss trade:-32.20
Maximumconsecutive wins ($):9 (398.58)consecutive losses ($):4 (-151.11)
Maximalconsecutive profit (count):398.58 (9)consecutive loss (count):-247.39 (3)
Averageconsecutive wins:2consecutive losses:2
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #3,651
  • Jun 24, 2010 10:47am Jun 24, 2010 10:47am
Quoting luiboy
Thanks for that.

I'm demoing the original 4H sixth EA ver3 in 12 pairs using 2 charts in each pair, 1 normal mode and 1 in reverse mode. And in less than 24 hours, the account gained 15%. I'm using it in 1H TF. Is there anyone else doing this?


The highest level traded is 4 levels on eurusd and usdchf in the reverse mode. Only 3 levels for normal mode.


Gross Profit:...
You can post, please, list the 12 cross and their settings?
If you want two TPL
thanks
Romano
  • #3,652
  • Jun 24, 2010 11:27am Jun 24, 2010 11:27am
Quoting luiboy
Thanks for that.

I'm demoing the original 4H sixth EA ver3 in 12 pairs using 2 charts in each pair, 1 normal mode and 1 in reverse mode. And in less than 24 hours, the account gained 15%. I'm using it in 1H TF. Is there anyone else doing this?
Nice results. Keep us updated. I too am testing reverse along with normal EA but not on many pairs. It seems to work well.
"Put all your efforts in becoming effortless"
  • #3,653
  • Jun 24, 2010 11:31am Jun 24, 2010 11:31am
I've just finished reading the thread from page 213 and I realized that I should be trading 4H since I'm new in trading. Anyways, I'm also demoing the same strategy that i posted recently but in a 4H TF. Statement attached for 36 hours of trading.

lots = 0.1
multiply = 2
maxtrades = 8
the rest are just default settings of the master EA, 4H sixth EA ver3.

pairs i used are the first 12 that appears in the marketwatch: eu gu uc uj au uc nu ec eg ej gc gy.

Gross Profit:1 273.63Gross Loss:120.75Total Net Profit:1 152.88
Profit Factor:10.55Expected Payoff:67.82
Absolute Drawdown:0.00Maximal Drawdown:91.14 (0.83%)Relative Drawdown:0.83% (91.14)

Total Trades:17Short Positions (won %):7 (85.71%)Long Positions (won %):10 (80.00%)
Profit Trades (% of total):14 (82.35%)Loss trades (% of total):3 (17.65%)
Largestprofit trade:175.08loss trade:-91.14
Averageprofit trade:90.97loss trade:-40.25
Maximumconsecutive wins ($):9 (804.93)consecutive losses ($):1 (-91.14)
Maximalconsecutive profit (count):804.93 (9)consecutive loss (count):-91.14 (1)
Averageconsecutive wins:5consecutive losses:1
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #3,654
  • Jun 25, 2010 7:31am Jun 25, 2010 7:31am
Quoting Zurathustra
So any word on that account that was tripled in 1.6 weeks. With the way the EUR/USD has been bombing lately with small retraces I would expect you may have blown the account by now.
Actually the account was fine! It did get a bit hit on the EURJPY! But it recovered quickly.

I stopped on that account because I am building a new EA that does a stop trailing gap and a few other bells and whistles and will be interesting to try on the smaller time frames. It worked exceptionally well from 10am EST to 10pm EST as it is a ranging period. But, having it open during london session was scary.

I turned it off also because IAMFX changed what lot sizes they can do, so I am not using them any longer.

It is dangerous, but somehow it actually handles the 200 pip moves with no problem! Kind of like blessings....
We are our own best indicator.
  • #3,655
  • Edited 10:49am Jun 25, 2010 7:37am | Edited 10:49am
Quoting IamTHAT
Nice results. Keep us updated. I too am testing reverse along with normal EA but not on many pairs. It seems to work well.
I am building a new EA that does a stop gap, trailing stop and other features, but I am busy testing my blessings systems as well.

I have turned it on and tested reverse and ran all the currencies over the last 10 years (or as much history as I could get) and they still blow up if the minimum pip distance is less than 230 to 250 pips.

@ 300, they all work quite well and never get more than 6 levels. (I trade only pennies on this account--- ibfx)

I set up multiple accounts. If pairs are correlated, I do one short, one long in same account, if opposite, then both in one direction. I will also have multiple accounts that will start them at different times to reduce risk. Until IBFX or some other nano-broker that I like can have same currencies in opposite direction, then I am limited. Pain in the arse, but doable.

I should have it out in about a week max after I test it a little bit. I have a version now that I have been using that I migrated from Z's that I will attach.

Aloha!
Attached File(s)
File Type: mq4 NB 4H LONGS ONLY.mq4   32 KB | 316 downloads
File Type: mq4 NB 4H SHORTS ONLY.mq4   32 KB | 264 downloads
We are our own best indicator.
  • #3,656
  • Jun 25, 2010 10:46am Jun 25, 2010 10:46am
Quoting bluemele
I am building a new EA that does a stop gap, trailing stop and other features, but I am busy testing my blessings systems as well.

I have turned it on and tested reverse and ran all the currencies over the last 10 years (or as much history as I could get) and they still blow up if the minimum pip distance is less than 230 to 250 pips.

@ 300, they all work quite well and never get more than 6 levels.

I should have it out in about a week max after I test it a little bit....
All,

Sorry, I uploaded the wrong shorts mq4 file. Try this one if you are interested. You have to have each one on a sep chart obviously.

It has a trailing stop after you hit BE, stop gap trail after entry with minimum reentry.

Again, I have tested the long and short and it works quite well even in times like May 5,6 of this year. The only issue is, obviously the further out your reentries, the further out your profits! Still profitable though.

Hope to have my new EA up soon which will include:

- same as above
- Secure Profit that works
- Close down previous orders and add that loss to current order so you will recover your loss but will reduce your drawdown as it occurs.
- alerts
- trading hours that work (close all orders at x time) which will be great for shorter timeframes. Somedays you lose, most you win. Recommend non-us and non-london opens!
- Since you will only ever have one order open, no need to delete an order within the basket without it closing.

--------------
- MA filter (may be in next version as I don't know how to program with indicators yet)
- User decision on BE for trades. If you are in 3 trades, you may want to wait till level 4 or 5 before BE and the other levels would still produce a profit.
- Profit Maximizer (later release, after you can adjust the levels to get back to profit)
Attached File(s)
File Type: mq4 NB 4H SHORTS ONLY.mq4   32 KB | 328 downloads
We are our own best indicator.
  • #3,657
  • Jun 25, 2010 10:55am Jun 25, 2010 10:55am
Hi Nanningbob or anyone here,

I have a question about 242 recovery system. If I have 3 level trades (L1=0.1 L2=0.2 L3=0.4) and are 50 pips away from each other, so when the price moves 50 pips against the level 3 trade, I will open L4=0.2 and close L1. And when again the price moves 50 pips against me, I will open L5=0.4 (or 0.6 if 242646) and close L2, and so on and so forth until I profit or BE. Is that correct?

Thanks in advance.
  • #3,658
  • Jun 25, 2010 12:00pm Jun 25, 2010 12:00pm
Thanks but I found the answer to my question:

http://www.forexfactory.com/showthre...50293&page=143




I'm really grateful to Nanningbob and the programmers. I learned a lot from you guys.
  • #3,659
  • Jun 26, 2010 5:46am Jun 26, 2010 5:46am
Your EA looks good in backtest and I will forward test this on Monday. Can you also include the Nanningbob 242 system? Thanks.

Quoting bluemele
All,

Sorry, I uploaded the wrong shorts mq4 file....
  • #3,660
  • Jun 29, 2010 7:41am Jun 29, 2010 7:41am
FYI Guys,

I was finally able to survive and cover all the losses from May 6 crash and after effects. I was surprised that most of the losses came from after effects and not during the crash. I was deep in AUDNZD, AUDCAD and CHFJPY. Once the market slowed its progressed against me , the best combo I used to recover my losses was 242 and Blessing.

I hope this helps people understand not to underestimate Sixth EA. I have been making more money going against the trend than with the trend. I have been trading securities since 2003. Traded equities, futures and FX (since around 2005). I lost most of my investment during the failure of Refco. After the liquidation, I only got 30% back

But now I am slowly gaining it all back with the help of Nanningbob EAs. I hope my experience will help you guys make better investment decisions.

Fez
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