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Nanningbob 60x90 EA

  • #3,661
  • Jun 29, 2010 10:42am Jun 29, 2010 10:42am
Quoting luiboy
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.
I dont increase my lots to six unless I have the Equity to do so. So I stay 2,4,2,4,2,4,2 I also dont reenter every 50 but around 200. 150 on the slower ones and I have been experimenting with the gbp/nzd at 400 on a reentry. So 50 seems way to small for me but I have never tried it. In theory it would work but you would be taking more losses even though they would be smaller. I would be interested in knowing if you kept your account increasing doing that. More smaller losses but still have account increase overall. Interesting concept. But you do portray the idea correctly. You must remember though that I trade my 4H system live and that has a much wider range than this system. So let us know how that works out.
  • #3,662
  • Jun 29, 2010 3:21pm Jun 29, 2010 3:21pm
Do you mean that even if levels are 50 pips away, I should wait for 200 pips move before I reenter?

Quoting nanningbob
I dont increase my lots to six unless I have the Equity to do so. So I stay 2,4,2,4,2,4,2...
  • #3,663
  • Jun 29, 2010 3:29pm Jun 29, 2010 3:29pm
Quoting luiboy
Do you mean that even if levels are 50 pips away, I should wait for 200 pips move before I reenter?
HI

That is exactly what he means. For volatile pairs 200 and less volatile 150 and more volatile 250 to 400 pips. the choice of 50 pips in H4 is very very low since often during one candle you have spread of over 50 pips.

Kind Regards
P.S. I hope Bob does not mind my reply he is in China and it is around 07:30 in the morning there, I doubt it he is front of the PC yet.
  • #3,664
  • Jun 29, 2010 4:16pm Jun 29, 2010 4:16pm
Just to confirm, as soon as Level 3 is opened, I will close Level 1. Is that correct? Then open Level 4 200 pips away from Level 3.

Quoting astral77
HI

That is exactly what he means. For volatile pairs 200 and less volatile 150 and more volatile 250 to 400 pips. the choice of 50 pips in H4 is very very low since often during one candle you have spread of over 50 pips.

Kind Regards
P.S. I hope Bob does not mind my reply he is in China and it is around 07:30 in the morning there, I doubt it he is front of the PC yet.
  • #3,665
  • Jun 30, 2010 3:40am Jun 30, 2010 3:40am
I believe that is how it works yes, with the ea you have to be careful though that you don't leave it on or it will close all orders when you close the first.
  • #3,666
  • Jun 30, 2010 6:33am Jun 30, 2010 6:33am
Quoting luiboy
Just to confirm, as soon as Level 3 is opened, I will close Level 1. Is that correct? Then open Level 4 200 pips away from Level 3.
The 2.4.2 system is really not meant to work with smaller distances. It was designed for my 4H system where we enter and if price goes against me 200 pips then I go to the 2nd level. With this I was willing to go the first two levels but then reverted to 200 pips distance after that and slightly higher lot size reentry. So your first level maybe 100 pips from the 2nd but after that I go much wider. The more room you give yourself the less stress you have in trading. :0
  • #3,667
  • Jun 30, 2010 6:55am Jun 30, 2010 6:55am
Okay, I understand. Now is much more clear to me. Thanks to you all.
  • #3,668
  • Jul 12, 2010 7:36am Jul 12, 2010 7:36am
Where can i find explanation of the input settings for this EA??
What they mean. What they do. Why would i change. What does it screw up if i change. What do the little colored tabs at left mean.
Is there a tutorial for most EAs?
Many thanks, Ron
  • #3,669
  • Jul 12, 2010 7:45am Jul 12, 2010 7:45am
Quoting ronemshoff
Where can i find explanation of the input settings for this EA??
What they mean. What they do. Why would i change. What does it screw up if i change. What do the little colored tabs at left mean.
Is there a tutorial for most EAs?
Many thanks, Ron
You should probably go back and read the last 200 posts or so.

That would explain some. However, most of the settings do require 'experience' w/ forex to understand how they can affect you!

--If you have specific questions, then please ask.
We are our own best indicator.
  • #3,670
  • Jul 12, 2010 5:10pm Jul 12, 2010 5:10pm
Quoting ronemshoff
Where can i find explanation of the input settings for this EA??
What they mean. What they do. Why would i change. What does it screw up if i change. What do the little colored tabs at left mean.
Is there a tutorial for most EAs?
Many thanks, Ron
Page 1 Post 1 is the original booklets for the 60x90 and 180x100 systems. Read those first. That will give you the foundation for everything being posted around here with all the variations. Then there are 22 notes for your study to keep you up to speed. The 6ths EA is just another variation of the 60x90. If you want an in depth philosophy of my trading style you need to read page 1 post 1 documentation and then the rest of the thread may make sense to you.
  • #3,671
  • Jul 13, 2010 7:44am Jul 13, 2010 7:44am
Nanningbob, Bluemele, thnx for taking time to respond to yet more dumb questions. I was hoping there was a book out there with complete explanations. Guess not. Ron
  • #3,672
  • Jul 13, 2010 8:23am Jul 13, 2010 8:23am
Quoting ronemshoff
Nanningbob, Bluemele, thnx for taking time to respond to yet more dumb questions. I was hoping there was a book out there with complete explanations. Guess not. Ron

????????????????????? page 1 post 1
  • #3,673
  • Jul 14, 2010 7:53pm Jul 14, 2010 7:53pm
I can't seem to get this EA working on interbank with 5 digits. Can anyone help me?
  • #3,674
  • Jul 14, 2010 10:37pm Jul 14, 2010 10:37pm
What kind of error message(s) do you get?
  • #3,675
  • Jul 15, 2010 12:40am Jul 15, 2010 12:40am
dear Nanningbob;
on your 4h sixth EA using the zoom(-/+) tool from the tool bar and will change the values of the A lines. do we have to use the default setting of template or else?
Thank you very much.
  • #3,676
  • Jul 15, 2010 3:41am Jul 15, 2010 3:41am
The sixths screen indi spilts the screen into 6 equal parts. That is why the values change when you zoom in or out.

Bob usually sets up his screen so that he can see 4 weeks worth of price action on his chart. This gives you a good idea of the price range that the pair is likely to be in.
  • #3,677
  • Jul 15, 2010 4:29am Jul 15, 2010 4:29am
Quoting MorningMania
What kind of error message(s) do you get?
None. I've got the smiley faces, but it just never makes any trades.
  • #3,678
  • Jul 16, 2010 7:31am Jul 16, 2010 7:31am
Is anyone successfully using this on MT4? I used to use this back when IBFX was 4 digits, but now I've got smiley faces, but it never enters any trades. Live trading is enabled.
  • #3,679
  • Jul 16, 2010 9:35am Jul 16, 2010 9:35am
when you look in the expert tab do you see any messages? Sometimes when you run a bot on a 5 digit broker you need to add an extra 0 to some input values. Do try this on demo first to see if it works. You don't want to have silly inputs on your live account.
  • #3,680
  • Jul 16, 2010 11:56am Jul 16, 2010 11:56am
Quoting MorningMania
when you look in the expert tab do you see any messages? Sometimes when you run a bot on a 5 digit broker you need to add an extra 0 to some input values. Do try this on demo first to see if it works. You don't want to have silly inputs on your live account.
I'm not getting any error messages in my expert area. It just says the EA's were initiated. I will try adding the 0's. Any particular input values I should add that too?
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