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Nanningbob 60x90 EA

  • #3,781
  • Jun 24, 2011 12:17am Jun 24, 2011 12:17am
I notice Steve uses this input in his ea's:
CriminalIsECN: set this to 'true' if your crim enforces 2-stage order sending i.e. first the trade then modifying it with a sl/tp.
Could that code be added to this ea? This would save having to use mptm to set TP and also save having to manually adjust L1 TP once L2 is opened
  • #3,782
  • Jun 24, 2011 2:35am Jun 24, 2011 2:35am
Quoting Frodog
I notice Steve uses this input in his ea's:
CriminalIsECN: set this to 'true' if your crim enforces 2-stage order sending i.e. first the trade then modifying it with a sl/tp.
Could that code be added to this ea? This would save having to use mptm to set TP and also save having to manually adjust L1 TP once L2 is opened
All the previous EAs I have used from Steve in my systems are one level EAs. This is a multi-level EA. So this is the EA I have used for years and it works very well. It just needs two adjustments for 4 digit brokers and I will put that out soon. You also have to adjust the templates for 4 and 5 level brokers differently so to keep confusion from reigning it is easier just to have separte folders for each one. I will probably put this all together and start a new thread when it complete. This early start helps me to correct problems before I start a new thread.
  • #3,783
  • Jun 24, 2011 2:41am Jun 24, 2011 2:41am
Quoting Trucomallica
Cool, I'm using IBFX (australia) as well to learn the system, so we can talk in "time" terms. The first entry was at 61688 at 8:30 AM (that one did touch the line), the second was at 60518 at 23:32. I didn't touch the settings of the EA, so it's all default.

Also I was noticing that in USDJPY the MAs are very far away, maybe 50 pips for that pair it's to much, don't you think?
During periods of low volatility some pairs wont trade but when things pick up they will hit the lines. It is why I like to trade many pairs. Some will trade every somewhere.
  • #3,784
  • Jun 24, 2011 12:31pm Jun 24, 2011 12:31pm
How to make this nice range system work in H4 and other time frame?
  • #3,785
  • Jun 24, 2011 8:01pm Jun 24, 2011 8:01pm
Quoting bioinfor
How to make this nice range system work in H4 and other time frame?
If you use a 4H TF you would need a bigger range or a faster MA. Change the MA to 12 and put it on the 4H TF is almost the same thing but you will notice one difference. The 1H is easier to read when Taking profits or exiting the trade. Anyway that is what I think. So put the 12 MA on the screen and study it
  • #3,786
  • Jun 24, 2011 8:49pm Jun 24, 2011 8:49pm
Had only one profit trade yesterday. Nice rebound by the gbp/cad and took a small profit on it. Have 1 second level trade left gbp/usd. All other trades have just entered or just sat there for the day. Have 6 trades in progress. Over all a good week. I added 800 dollars to my account so my percentage gain is smaller but went up 1.5% up in my account. I will study and maybe increase my lot size a bit. If I had left it with the 140 I had in the account it would have been closer to 7% but that is way too risky. My goal is to try to be between 5-10% a month and the 1.5 meets that goal. So the only change maybe is to keep the lot size the same or drop a couple of pairs and increase my lot size. Will look into it.
  • #3,787
  • Jun 24, 2011 9:55pm Jun 24, 2011 9:55pm
Here is the 4D version. Happy testing. Let me know if there are any bugs. I only adjusted the code but it is my 5D version recoded for 4D
Attached File(s)
File Type: zip 10.0 4D RANGE 50x150.zip   7 KB | 407 downloads
  • #3,788
  • Jun 25, 2011 12:53am Jun 25, 2011 12:53am
How many pips in the hole do you let L2 go before putting the recovery ea on the chart?

Also is the lot size of recovery trade 4x L1 and L2 combined ie .2+.3, recovery lot size =.20 aiming for a quarter retrace of original position back to BE?
  • #3,789
  • Edited 9:44am Jun 25, 2011 8:49am | Edited 9:44am
Quoting Frodog
How many pips in the hole do you let L2 go before putting the recovery ea on the chart?

Also is the lot size of recovery trade 4x L1 and L2 combined ie .2+.3, recovery lot size =.20 aiming for a quarter retrace of original position back to BE?
HERE IS MY PRESENT GBP/USD TRADE: IF IT RUNS ON ME I WILL TAKE THE NEXT CROSS UP OFF OF THAT CHART.
Level 3 is the daily chart. so when price seems to have run on you, you go to the daily chart and catch the cross there. When price crosses back up over the black line on a daily you almost always get 50-100 pips or more. I am at .02 and .03 so I would go .05 on my recovery at level 3. The 3 equal .10 which is what I used to trade as my first level in counter trading with 1000 dollars. Then I would go into recovery. So I have divided my first level normal trade in counter trading into 3 levels in this system. This gives me room to trade again if I get into trouble. My 4th level would be .10. I would then drop my first level trade, the .02, and just count that as a losing trade and try to break even with levels 2, 3, and 4. This way you don't martingale and blow your account. Each reentry would be off of the Daily chart after the first 2 levels. This is how I normally trade. HOWEVER, In both the Greek crisis last year and the OCT. 2008 I just closed everything at a loss and ate it. I do not fight super news stories. It is the one time I just take the loss and lick my wounds. I have done that 4 times in the last 3 years. So that is not normal but I cant hedge in the US so I have to eat it at times.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd.gif Size: 31 KB
Attached File(s)
File Type: zip 10.0 RECOVERY & HEDGE EAs.zip   5 KB | 400 downloads
  • #3,790
  • Jun 25, 2011 10:02am Jun 25, 2011 10:02am
Quoting Frodog
How many pips in the hole do you let L2 go before putting the recovery ea on the chart?

Also is the lot size of recovery trade 4x L1 and L2 combined ie .2+.3, recovery lot size =.20 aiming for a quarter retrace of original position back to BE?
A 1/3 retrace would only need .05. lets say L1 .02 is -200 and L2 .03 is -100 L3 is 0 when you enter. 1/4 retrace would be 50 pips x5 = 250 L2 would be -50 x3 or -150 and L1 would be -150 x 2 or -300 so -450 + 250 = -200 @ 1/4 Moving at .10 a pip you only need 20 pips more to break even. That is a 1/3 retrace, so .20 would be too heavy. Think in adding L1 and L2 = L3 for a BE.
  • #3,791
  • Jun 25, 2011 8:30pm Jun 25, 2011 8:30pm
Thanks Bob. We now have a complete trading strategy. I will put this into action if my usd/cad and aud/chf L2 trades keep running against me. It's way less stressful when one has a complete strategy in place. Thanks very much for this.
  • #3,792
  • Jun 25, 2011 9:13pm Jun 25, 2011 9:13pm
Quoting Frodog
Thanks Bob. We now have a complete trading strategy. I will put this into action if my usd/cad and aud/chf L2 trades keep running against me. It's way less stressful when one has a complete strategy in place. Thanks very much for this.
As soon as we are all comfortable with this then I will start a new thread and all the pieces will be on pg 1 post 1. I like seeing if I am missing something first.
  • #3,793
  • Jun 27, 2011 2:57am Jun 27, 2011 2:57am
Here is a profit I took on the AUD/NZD pair. It was just 14 pips but I didnt think I would get any more for this trade. Both black and white blue sto lines are on the bottom so I took the small profit. I maybe wrong but I dont lose this way. My decision is also based that the AUD/NZD is not a very volatile currency and both the aud and nzd sessions were closed. This is a quiet time for the currency. So sometimes its more like a quick scalp that took 9 hours from entrance to exit. Imagine trading the chart without an EA and watching this trade all day. SHEEEESH
Attached Image (click to enlarge)
Click to Enlarge Name: aud nzd.gif Size: 29 KB
  • #3,794
  • Jun 27, 2011 6:33am Jun 27, 2011 6:33am
Bob, can you please inform us of the criteria you used to make your current numbered list of a pairs volatility. Thanks
  • #3,795
  • Jun 27, 2011 10:05am Jun 27, 2011 10:05am
Quoting Frodog
Bob, can you please inform us of the criteria you used to make your current numbered list of a pairs volatility. Thanks
It is based on the high and low since April 2009 to now. That is the month I felt currencies had recovered from the OCT. mess. I also gave the high and low from Oct. 2008 but didn't rank the currencies from that event since it may very well be a once in a lifetime event. I also know if you use different brokers there is some difference in the numbers but not enough to change the volatility ranking but the distance between high and low can be different from broker to broker. The big surprise I got from the info is how volatile the EURO was and the USD and GBP are a lot more stable than people are giving them. As some of you know I am not gloom and doom on the dollar yet. The USA is well within range of recovering from this mess but we don't have a lot of wiggle room left.
  • #3,796
  • Jun 27, 2011 10:13am Jun 27, 2011 10:13am
AUD/NZD again. I picked the right currency. The AUD/NZD went up and hit the line and then went and hit my =60 pips. So total 74 pips on that currency for the day. hmmmmmmm go up and hit the line again would you please.

1 & 3 were entrances, 2&4 were TP.
Attached Image (click to enlarge)
Click to Enlarge Name: aud nzd2.gif Size: 30 KB
  • #3,797
  • Jun 27, 2011 11:59am Jun 27, 2011 11:59am
Mind showing us your detailed statement including the trades.if u can upload it at mt4stats ?
  • #3,798
  • Jun 27, 2011 6:34pm Jun 27, 2011 6:34pm
The statement wouldn't load as is so I converted it to a word file. I was not able to get the thing to quite fit but it is readable. I also put the currencies in order to study each one easier. I also have a handful of non recommended currency trades but I have dropped all of them except the EUR/CHF. I wanted to see if they would fit and they wont. After the first couple of days I have managed to keep my profit bigger than my DD. The .01 trades were when I was trading only 100 dollars. The .02 and .03 trades are after I made my deposit of 800. So my gains per percentage of the account will be skewed for this month.
Attached File(s)
File Type: doc June statement.doc   351 KB | 495 downloads
  • #3,799
  • Jun 27, 2011 9:54pm Jun 27, 2011 9:54pm
Quoting nanningbob
AUD/NZD again. I picked the right currency. The AUD/NZD went up and hit the line and then went and hit my =60 pips. So total 74 pips on that currency for the day. hmmmmmmm go up and hit the line again would you please.

1 & 3 were entrances, 2&4 were TP.
I am currently trialling a 50 pip hard TP using mptm for L1 and L2, so I made 50 pips on that aud/nzd trade. It will be interesting to compare results after a few weeks. Manual taking of profit vs hard 50 pip TP
  • #3,800
  • Jun 27, 2011 10:37pm Jun 27, 2011 10:37pm
That's interesting... I just checked usd/cad range from my broker. High april 09 was 1.2713 low april 11 was .9443. Total range 3270. This would take it's volatility ranking from 1 to 5
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