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Nanningbob 4h trading system ver. 5.0

  • #281
  • Jul 30, 2010 4:42am Jul 30, 2010 4:42am
Included in the zip is the 'NB combined trade-sender'.

Producing this involved a lot of copy-pasting, so don't use it on a live account until it is proven to work. The only people here not shuddering at the thought of me producing an ea based entirely on copy-paste are: 1) totally new to FF; 2) idiots

Ok, so all I had to do was copy-paste from ea's I know are working properly 'cos I use them, but this is me and c-p, so perhaps you expert proof-readers might like to check out what I have done. There is only a tiny bit of extra logic to take care of the shutdown-after-trading stuff.

mql does not allow use of # in a variable, so I have replaced this with 'No'. Apart from that, it should be obvious which inputs refer to which #x trade.

It is possible to combine different methods by setting them to 'true'.

There are no idiot checks, nor is there any screen feedback because of the clash with the indi, so make sure your settings are correct when you use the ea.

Attached File(s)
File Type: zip Bob's ea's simplified by Steve Hopwood.zip   90 KB | 372 downloads
  • #282
  • Edited 6:03am Jul 30, 2010 5:52am | Edited 6:03am
Steve - I've already made a start on combining all the EA's into one already based on your set

Attached

Buy and Sell combined for EAs #1 thru #4 (designed to just add to the chart regardless of whether it's a buy or sell you want to take)

EAs #1 and #2 combined (price/ 1ma inside or outside the BBs when you add the EA to the chart) with buy and sell combined

These have not been tested AT ALL yet

I have no idea how to integrate #3 and #4 with #1&2 - mainly because I haven't taken any trades with #4 yet, and because #3 seems to have an initial condition (BB bands off or nearly off the chart) that people can readily see, but I haven't figured out how to programmatically determine

these don't include NB's 2 4 2 recovery system

cheers
f451

(Wow - in between reading Steve asking if people wanted this done, and me posting up my first effort, Steve did it! Go Steve! If these EAs are redundant, so be it )
Attached File(s)
File Type: mq4 NB #1 EA.mq4   6 KB | 363 downloads
File Type: mq4 NB #2 EA.mq4   7 KB | 320 downloads
File Type: mq4 NB #3 EA.mq4   7 KB | 294 downloads
File Type: mq4 NB #4 EA.mq4   7 KB | 340 downloads
File Type: mq4 NB #1&2 EA.mq4   8 KB | 336 downloads
  • #283
  • Jul 30, 2010 5:53am Jul 30, 2010 5:53am
Quoting macman
Thanks Steve, that is terrific.

Just in case anyone doubts the potential of this strategy, check out my earlier post here regarding a long term test - http://www.forexfactory.com/showpost...&postcount=219

Update for today:

Starting balance 10000
Balance today 62789
Equity available today 50756

Profit 40756 in just over 1 year !
Hey Mac,
Was wondering if you could post the rescue bot you use with your strategy when you go 500 pips down. I did a search and couldn't find it. If it's basically a hedge, and the bot comes off when you retrace to even, how do you deal with the hedge trade (dangler) which is now in the negative? Are you just hoping price action takes care of the dangler later? That might not happen and get you into deeper DD. Can you explain. thank you.
  • #284
  • Jul 30, 2010 6:37am Jul 30, 2010 6:37am
Quoting f451
Steve - I've already made a start on combining all the EA's into one already based on your set

Attached

Buy and Sell combined for EAs #1 thru #4 (designed to just add to the chart regardless of whether it's a buy or sell you want to take)

EAs #1 and #2 combined (price/ 1ma inside or outside the BBs when you add the EA to the chart) with buy and sell combined

These have not been tested AT ALL yet

I have no idea how to integrate #3 and #4 with #1&2 - mainly because I haven't taken any trades with #4 yet, and because #3 seems to have an initial...
Cheers f451; thanks anyway.

  • #285
  • Jul 30, 2010 6:38am Jul 30, 2010 6:38am
Quoting phover
Hi guys,

Something I like to do when I trade multi pair with a strategy is building a panel to monitor these pairs....
WOW sounds like a neat little tool. Let me know when I can test it.
  • #286
  • Jul 30, 2010 6:43am Jul 30, 2010 6:43am
Quoting SteveHopwood
Thanks for that, Burton. Usual thingy - copy/paste error. The iBands calls are lying around because all of the ea's are essentially the same apart from the actual trade trigger. There is redundant code in all of them that I cannot be bothered to remove.

Being my usual forgetful self, I had coded the safety-feature input and the message when the ea is dragged onto the chart, but forgot the actual turn-itself-off after sending a trade. Hey-ho; can't remember everything.

When the safety feature is working correctly, you should see the comment...
Sheesh this guy is an EA robot maker. I just got done doing your new EAs testing them and they seem to work well. I usually keep my comments section on so I know which EA is running on which pair. Is there anyway of getting this feature back in. I do not know which EA trade is on after I multi level or make changes. So even though I see lots of trades with your EAs I dont know which one is which without going to the screen but then I changed some of them this morning so I dont know which EA actually entered the trade.
  • #287
  • Jul 30, 2010 6:50am Jul 30, 2010 6:50am
Man there are so many good ideas coming down the pipe my head is swimming. I am like a kid in a candy shop with a 50 dollar bill and candy cost a penny each. Dang which ones should I choose to test next. I really dont know at this point. WOW.
  • #288
  • Jul 30, 2010 6:53am Jul 30, 2010 6:53am
Quoting SteveHopwood
I have checked with great care. The hidden stop loss checks are only called when the relevant Hidexxxxxxxx input is set to true.

This is an old function that has been used by a number of people. Errors would have come to light long before now.

You are doing something wrong.

Hi Steve,

Are these settings correct if I want to use Jumping Stop and hide the SL?

extern string BE="Break even settings";
extern bool BreakEven=true;
extern int BreakEvenPips=1025;
extern int BreakEvenProfit=10;
extern bool HideBreakEvenStop=true;
extern int PipsAwayFromVisualBE=1000;
extern string JSL="Jumping stop loss settings";
extern bool JumpingStop=true;
extern int JumpingStopPips=1025;
extern bool AddBEP=true;
extern bool JumpAfterBreakevenOnly=true;
extern bool HideJumpingStop=true;
extern int PipsAwayFromVisualJS=1000;


Are there any conflicts?
Thanks.
  • #289
  • Jul 30, 2010 7:24am Jul 30, 2010 7:24am
Hi nanningbob !

Beside my daily short term trading routine I always was looking for a
midterm trading strategy....

This is without a doubt one of the best trading strategies I've seen...

My girl friend is working for a bigger investment bank in the city as a
foreign exchange and commodity trader.

I've shown her your strategy and I think the number of viewers will
increase in the future ;-))

Congrats and success for the future

Bernhard



Quoting nanningbob
Yes I have traded lower time frames and you do get more trades. The problem is the runners you get into them sooner than you do on the 4H chart and then you run a deeper DD. I started several years ago with the RWB on the 15M and as I got killed over and over again I would move up TF until I got to the 4H chart. There I discovered the mutiple entry and try to survive the runner philosophy. Once I learned how to survive the runners I became successful. But lower TF that is the problem you will find. However, the 25BB is based on the 30M 200 MA so...
  • #290
  • Jul 30, 2010 7:24am Jul 30, 2010 7:24am
Quoting nanningbob
Sheesh this guy is an EA robot maker. I just got done doing your new EAs testing them and they seem to work well. I usually keep my comments section on so I know which EA is running on which pair. Is there anyway of getting this feature back in. I do not know which EA trade is on after I multi level or make changes. So even though I see lots of trades with your EAs I dont know which one is which without going to the screen but then I changed some of them this morning so I dont know which EA actually entered the trade.
These have never had any screen feedback, Bob, because of the confusion this causes with the sixths indi also trying to grab the comments space.

I can get around this using labels instead of a comment. What information do you need to see on screen?

  • #291
  • Jul 30, 2010 7:28am Jul 30, 2010 7:28am
[quote=nanningbob;3909629]I would not recommend using 50 pip reentries, I have my recommendations in my daily report. The EA I am using is an old Martingale EA. You can go in the programming and change to multiple levels and it will reenter automatically.

Thank you Bob.
  • #292
  • Jul 30, 2010 7:35am Jul 30, 2010 7:35am
Quoting nanningbob
Man there are so many good ideas coming down the pipe my head is swimming. I am like a kid in a candy shop with a 50 dollar bill and candy cost a penny each. Dang which ones should I choose to test next. I really dont know at this point. WOW.
Ditto. I have been feeling that way for the last 3 weeks or so. This thread has attracted a number of analytical brainy individuals, contributing to the exciting and electrical atmosphere. Steve directing traders to the thread has been a major factor. However, IMHO the way your system preformed during the turbulent period of the last 3 months (i.e. passing the test of the market with distinction) has been the major factor.

Kind regards
  • #293
  • Jul 30, 2010 8:19am Jul 30, 2010 8:19am
Quoting Toothman
Hey Mac,
Was wondering if you could post the rescue bot you use with your strategy when you go 500 pips down. I did a search and couldn't find it. If it's basically a hedge, and the bot comes off when you retrace to even, how do you deal with the hedge trade (dangler) which is now in the negative? Are you just hoping price action takes care of the dangler later? That might not happen and get you into deeper DD. Can you explain. thank you.
Hey Toothy,

First a little history if that is OK. I originally set up a non-intervention TEST on 21 pairs, basically to collect data as to how the pairs worked long term, which pairs work best, how the robot worked long term, how the strategy worked etc. - not specifically to see how profitable it would be. The test runs on the M15 time frame.

To ensure that I did not get a margin call if I hit a 'death trade' I worked out a 'line in the sand' for each pair which is about 500 pips (varies for different pairs).

If a position went against me by 500 or so pips, I simply removed the test EA and ran the L4 60x90 rescue 100 x 90 5dg bot (attached). The idea is that at the 500 odd pip mark you are in a hole. Only two things can be done - 1. Bail & accept the loss, but that is not very useful as I wanted the data - or 2. Slow down the losing position & wait for the market to turn, much more useful for me.

The attached pic illustrates the idea. I have put it on a D1 time frame just so that you get the big picture. I would have bailed out of the test EA around the higher trade lines, about 500 odd pips negative. Then I added the rescue bot on a 1H time frame and just waited. As the market continued to fall, the profitable rescue bot trades offset the losing main position, so slowing the whole thing down. As you can see recently the market has turned up & at BE on the main position I would stop the rescue bot & restart the main bot.

On a live account this is probably not very efficient (can take months). Personally if a pair got to my 'line in the sand' position I would stop the EA and trade the pair manually.

Hope this answers your question.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD_Nbob_rescue_bot.png Size: 98 KB
Attached File(s)
File Type: mq4 L4 60x90 rescue 100 x 90 5dg.mq4   23 KB | 395 downloads
  • #294
  • Jul 30, 2010 8:33am Jul 30, 2010 8:33am
Quoting behof
Hi nanningbob !

Beside my daily short term trading routine I always was looking for a
midterm trading strategy....

This is without a doubt one of the best trading strategies I've seen...

My girl friend is working for a bigger investment bank in the city as a
foreign exchange and commodity trader.

I've shown her your strategy and I think the number of viewers will
increase in the future ;-))

Congrats and success for the future

Bernhard
Does that mean I will get taken out for dinner if I come???
  • #295
  • Jul 30, 2010 8:37am Jul 30, 2010 8:37am
Quoting SteveHopwood
These have never had any screen feedback, Bob, because of the confusion this causes with the sixths indi also trying to grab the comments space.

I can get around this using labels instead of a comment. What information do you need to see on screen?

Not on the screen but the comments section where existing trades are shown. Here is a pic you see in the lower right I know which EA is with each trade. In yours (pic 2) I see no comments.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp usd.gif Size: 89 KB
Click to Enlarge Name: gbp 2.gif Size: 92 KB
  • #296
  • Jul 30, 2010 8:37am Jul 30, 2010 8:37am
Quoting phover
Hi guys,

Something I like to do when I trade multi pair with a strategy is building a panel to monitor these pairs....
Looks awesome. Please do share it when it's done!

f451
  • #297
  • Jul 30, 2010 10:47am Jul 30, 2010 10:47am
Quoting SteveHopwood
...I can get around this using labels instead of a comment. What information do you need to see on screen?
Hi Steve,

I changed for me a little bit your "combined trader" and added:

- default strings at begin, for titles and comments used in "SendSingleTrade"
- function "Show_Title", "Delete_Title"

- I set also different MagicNumbers, not sure if this is necessary...

- In the function "No_1_BUY_25_BB" you forgot to write "result=..."
Inserted Code
result=SendSingleTrade(OP_BUY, no1_Buy25, Lot, Ask, stop, take);
Attached File(s)
File Type: mq4 NB combined trade-sender_vSM.mq4   21 KB | 476 downloads
  • #298
  • Jul 30, 2010 11:41am Jul 30, 2010 11:41am
Quoting macman
Hey Toothy,

First a little history if that is OK. I originally set up a non-intervention TEST on 21 pairs, basically to collect data as to how the pairs worked long term, which pairs work best, how the robot worked long term, how the strategy worked etc. - not specifically to see how profitable it would be. The test runs on the M15 time frame.

To ensure that I did not get a margin call if I hit a 'death trade' I worked out a 'line in the sand' for each pair which is about 500 pips (varies for different pairs).

If a...
Mac,
Thanks for the EA and detailed explanation. Interesting approach to not take your profits on the rescue trade and drop it when it turned around and got back to BE. I guess at some point if the rescue doesn't look like it was coming back you might have to eat the loss on the original trade. Swap would be eating you alive at some point if price didn't turn around.
  • #299
  • Jul 30, 2010 1:08pm Jul 30, 2010 1:08pm
Quoting Toothman
Mac,
Thanks for the EA and detailed explanation. Interesting approach to not take your profits on the rescue trade and drop it when it turned around and got back to BE. I guess at some point if the rescue doesn't look like it was coming back you might have to eat the loss on the original trade. Swap would be eating you alive at some point if price didn't turn around.
I can only say that it has worked fine so far over a 14 month period, on 21 pairs, and covering some of the most turbulent times in the last 20 years - but it is essential that there are enough funds in the account to cover the positions.

Not a recommendation, but IMHO it does underline the basic strength of NanBob's concept.

Best of luck -
  • #300
  • Jul 30, 2010 1:57pm Jul 30, 2010 1:57pm
I am new to forex factory and I have just stumbled into your system for the first time.

I have alot of learning, studying and demoing to do... but I just wanted to pass on a big thank you to Bob and all the contributors. Your hard work, and willingness to share is much appreciated!

Cheers!
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