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Nb 10.0 range trading system

  • #141
  • Aug 26, 2011 2:57am Aug 26, 2011 2:57am
hey guys could anyone help me amend the EA to allow for re-entries under the criteria i suggested before for the 1hr CTR both ways...

http://www.forexfactory.com/showthre...39#post4904239
Grabbing the bull by the horns!
  • #142
  • Aug 26, 2011 4:30am Aug 26, 2011 4:30am
Quoting peje
Hello,

What is your experience with MPTM 25+10? MPTM closes my recovery trade based on settings as it goes in my favour and let the first one in loss. Both trades together were far from BE. MPTM manages trades individualy even more position of a pair opened.
How to manage recovery if I want to yous MPTM on other pairs?
You dont use MPTM for recovery trades. OR You set the MPTM to handle trades by magic number. So set all your 1st entry EAs to one magic number and use a MPTM for it set at that number. And then set your recovery trades at another magic number and set your MPTM to manage those EAs at that magic number.

The code is below:

extern string ManagementStyle="You can select more than one option";
extern bool ManageByMagicNumber=false;
extern int MagicNumber=1; set to true and change magic number
extern bool ManageByTradeComment=false;
extern string TradeComment = "Fib";
extern bool ManageByTickeNumber=false;
extern int TicketNumber;
extern string OverRide="ManageThisPairOnly will override all previous";
extern string OverRide2="or can be used in combination with 1 of above";
extern bool ManageThisPairOnly=false;
extern bool ManageSpecifiedPairs=false;//############## ADDED BY CACUS
extern string PairsToManage="AUDJPY,AUDUSD,CHFJPY,EURCHF,EURGBP,EURJPY,EURUSD,GBPCHF,GBPJPY,GBPUSD,NZDJPY,NZDUSD,USDCHF,USDJPY";//############## ADDED BY CACUS
// This allows the ea to manage all existing trades
extern string OverRide1="ManageAllTrades will override all others";
extern bool ManageAllTrades=true;Set to False
extern bool ManagingNanningbobTrades=false;

When done making changes make sure you hit the compile button OR save with a new name and hit compile button.
  • #143
  • Aug 26, 2011 10:28am Aug 26, 2011 10:28am
Quoting yaniv_av
Hi George,

Thanks for this explanation. Although, I think I missed something very basic here - as far as I understood from nanningbob's booklets, the heart of 10.0 is that when the market changes behavior (based on daily chart) - we must change immediately our trading style to the new behavior. Meaning, if the market was ranging, but now switched to UT, we should stop range trading and start trend trading. it stated many times by nanningbob in his booklets.
So my question is simple - as the euraud changed to UP, why trying to recover instead...
Because this is a range trading system. If you wish to discuss trend trading methods go to the trend trading system.
  • #144
  • Aug 26, 2011 11:52am Aug 26, 2011 11:52am
ouch!!
Today i was out most of the day and have had a few shocks on my return first the good news
Today +21.84% so far dd 18.6%

I have 11 hedge trades i have placed in the last 15min to hold them while i work out my clouser sequence. Most are way over 100pips which is a pain and an issue with my strategy as there is no auto hedge in the ea's
so i have 3 over 200 pips in dd and 3 at around 160dd i have decided for the time being as an experiment to add IO recovery and see what happens - the last 2 weeks i have clossed all trades by now on friday but as this is a demo i will see how things go

Total since Monday 22nd is still a massive 124.36% up so -18.6% floating is hardly the end of the world

Take care all have a great weekend


Quoting censura
Today was a difficult day i have had 6 x -100 hedge trades to close out with winners and thus the day stands at +1.63 % dd is 5,24%

Total to date since Monday 22nd - 102.52%

I have 1 more hedge to close out awating corresponding winners to allow me to do this.

I try and do this as quickly as possible as there is the opportunity cost of having a pair fixed in a hedge ie i cant get any winners from it while it sits there.

So was today a success ! i believe so as there are going to be 20% of the trading days when the mkt trends and if i can...
[/quote]
  • #145
  • Aug 26, 2011 4:54pm Aug 26, 2011 4:54pm
Hi Censura I have been using mptm to hedge at 100. It works well and you don't need to be at your computer. The trouble with hedging is when price moves 100 pips then hedge trade is taken, then price retraces back to original entry. So your left with original entry in profit and hedge trade at -100 or more. This happened to me on cad/jpy
  • #146
  • Aug 26, 2011 4:59pm Aug 26, 2011 4:59pm
Quoting Frodog
Hi Censura I have been using mptm to hedge at 100. It works well and you don't need to be at your computer. The trouble with hedging is when price moves 100 pips then hedge trade is taken, then price retraces back to original entry. So your left with original entry in profit and hedge trade at -100 or more. This happened to me on cad/jpy
i got stuck in a gbptry long trade....now down 3% dd....(it's the real account....so no pennies here at all!! down 700pips...) hedged but hell...never try again to use this pair.....it moved 650 pips in less than a day!!well of course as soon as i hedged it moved up 140 pips....will try to unmount this mess next week...hope it will take a direction so that i can trade with bigger lots and wipe out the dd....have a nice we!!
  • #147
  • Aug 26, 2011 8:02pm Aug 26, 2011 8:02pm
Hi this is Bob trading my 12 non volatile pairs. I was up 3.1% for the week and ended up 22% for the month. Thursday and Friday really boosted my week after a very slow start.

Except for the aud/chf run early in the month and the gbp/cad. I had little DD, stayed under 10% and mostly under 5% without those pairs. I decided to drop the aud/chf but the gbp/cad stayed with in its ranges so I will keep it. I have recovered almost 100% of the DD on it. I think I will just keep chugging along. anyway my equity curve for the week.
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  • #148
  • Aug 26, 2011 11:29pm Aug 26, 2011 11:29pm
I really like the way this 1hr ctr rakes in the pips. It's a very active ea that takes full advantage of ranging times.

I have found closing at market closing/opening times as Bob does to be very profitable. I have found more often than not the market retraces at the start of new session. Also using the sto, and the middle bb line for TP works well for me. I would not have made as much profit if I waited for price to reach opposite BB before closing.

I like Bobs call of not trying to hit a home run on each trade, but rather take smaller profits more often.
  • #149
  • Aug 27, 2011 9:50am Aug 27, 2011 9:50am
Quoting nanningbob
You dont use MPTM for recovery trades. OR You set the MPTM to handle trades by magic number. So set all your 1st entry EAs to one magic number and use a MPTM for it set at that number. And then set your recovery trades at another magic number and set your MPTM to manage those EAs at that magic number.

The code is below:

extern string ManagementStyle="You can select more than one option";
Thank you for reply. This is exactly what I start to do. MPTM manages just first trades based on magic number and I manually enter the same TP for first and recovery trade on BE plus small profit.
This is what I expected from MPTM but there seems to be no solution for such case, possible basket trades but these are managed again based on magic number which is different for first and recovery trade so it is not usable as well as trade comment.
  • #150
  • Aug 27, 2011 10:39pm Aug 27, 2011 10:39pm
Quoting Frodog
I really like the way this 1hr ctr rakes in the pips. It's a very active ea that takes full advantage of ranging times.

I have found closing at market closing/opening times as Bob does to be very profitable. I have found more often than not the market retraces at the start of new session. Also using the sto, and the middle bb line for TP works well for me. I would not have made as much profit if I waited for price to reach opposite BB before closing.

I like Bobs call of not trying to hit a home run on each trade, but rather take smaller profits...
it really does rake in the pips, im going live in the next 2 weeks with this system but I need to automate re-entries as atm i have to do it manually and often miss re-entries and the subsequent retrace while im asleep.

ill be using 10 non volatile pairs and will trade 24/5 with 2 re-entries based on 1hr CTR where MA(high or low) cross BB but at a minimum distance between first entry (to avoid them opening heaps of entries on a BB run) for it to apply the re-entry. Using a multiplier of x1.3

can anyone help me code this into current ECN EA version???
Grabbing the bull by the horns!
  • #151
  • Aug 28, 2011 10:58am Aug 28, 2011 10:58am
Thought I would update the recovery of this pair as Thursday brought some decisions to consider and Friday was a roller coaster ride. The pair seems to still be defying gravity, but I like it and I believe this week might be the week to get move down to the BE point. So, I am in at 1.4231 with L3 and Thursday looks to be a good day moving my direction and my BE is at 1.4080. Below is the 1H chart to show the move and some decisions to consider. At the left of the chart you see the blue circle which shows some resistance around 1.4140. At that moment in time when we see the pair dropping to this range, there were two options (not including hedging or changing our direction, but remaining in recovery trend short). First, the L3 trade was profitable enough to BE with the L2 trade at 1.4045. So, we could have done that with the assumption the pair would not break 1.4140 to our BE point, then look to re-enter higher perhaps with the 1h CTR with an L2 trade and again raise our BE point without increasing our exposure. It is always nice to get the recovery on the first move, but sometimes you have to piece it together or wait a little longer. The only risk with this option is it does break 1.4140 and you have your L1 trade still there, where if you would have been patient you would be out. However, with removing L2 and L3 your overall risk / exposure is lower. Second, which for this example I chose to do, was just remain patient looking for the next couple days to continue back down to 1.4080. On the next chart, I will show you a couple reasons why I like the position.

George
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad 1h 8-28-11.gif Size: 43 KB
  • #152
  • Aug 28, 2011 11:22am Aug 28, 2011 11:22am
The reason I chose to remain patient was two reasons. First, the EURO fundamentals I believe are to the downside. Second, the daily chart. If you look at the chart, to the upper left, it has serious resistance at the 1.4350 range. Actually, there is another candle you cannot see further to the left failing at 1.4350 as well. So, there is a nice ceiling there. If you see the green circle we have had 6 days of spinning tops and doji's which typically represents a reversal coming. This pair certainly can move above 1.4400 and if so, then some more creative strategies will need to be employed to remove DD, but I feel the probabilities are in our favor to hit 1.4080 before we close above 1.4400. If fundamentals where different or a stronger long term trend, then definitely would have taken option 1 from prior post and pieced this recovery together. Hope this is insightful for folks who have questions about recovery. Sometimes it is frustrating as it is with this pair...

George
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad 1d 8-28-11.gif Size: 35 KB
  • #153
  • Aug 30, 2011 10:20am Aug 30, 2011 10:20am
The EUR/CAD today hit our BE target of 1.4080 and closed out the L1, L2 and L3 trades. I hope that example was helpful to those who had questions about recovery and how I use it. In summary, the recovery took 22 trading days to complete and that is where the daily chart helps you to be patient with your L2 and L3 trades. Also, the rule of "in the range of 200 pips or more" for the next position helps keep your L2 and L3 trades effective in raising your BE level.

As you saw in the last post there are a few different ways to remove DD and decisions to make as price moves your way, however this was strictly by the book on waiting for it to return to the blue line for entries and just being patient.

Best of trading to all...

George
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad 1d 8-30-11.gif Size: 33 KB
  • #154
  • Aug 30, 2011 11:29am Aug 30, 2011 11:29am
n the Bank holiday yesterday here i the UK so left things today

Yesterday account grew by another 2.25 % so slowest day so far but this was down i believe to having 11 trades in hedge so 11 pairs outof the game so to speak. Today i matched out the 11 in hedge for a 18. 94% writedown so we currently stand at

106% up since 12th and current dd 7%

Keep you updated - been a difficult few days ie since last thursday (for me anyway)

Take care

Quoting censura
ouch!!
Today i was out most of the day and have had a few shocks on my return first the good news
Today +21.84% so far dd 18.6%

I have 11 hedge trades i have placed in the last 15min to hold them while i work out my clouser sequence. Most are way over 100pips which is a pain and an issue with my strategy as there is no auto hedge in the ea's
so i have 3 over 200 pips in dd and 3 at around 160dd i have decided for the time being as an experiment to add IO recovery and see what happens - the last 2 weeks i have clossed all trades by now on friday...
[/quote]
  • #155
  • Aug 30, 2011 5:06pm Aug 30, 2011 5:06pm
Quoting George Adams
The EUR/CAD today hit our BE target of 1.4080 and closed out the L1, L2 and L3 trades. I hope that example was helpful to those who had questions about recovery and how I use it. In summary, the recovery took 22 trading days to complete and that is where the daily chart helps you to be patient with your L2 and L3 trades. Also, the rule of "in the range of 200 pips or more" for the next position helps keep your L2 and L3 trades effective in raising your BE level.

As you saw in the last post there are a few different ways to remove DD and decisions...
Thanks George, great example.
  • #156
  • Sep 1, 2011 3:16am Sep 1, 2011 3:16am
If anyone is using MPTM to manage their trades and are using hedging, can you PM me please? I am managing trades by Magic Number and the jumping stop is working great. However, the hedge trades that open are closing almost right away. I can hedge them manually, but for the life of me I can not figure out why the hedge trades opened by MPTM are closing almost right away.
  • #157
  • Sep 1, 2011 5:28pm Sep 1, 2011 5:28pm
Quoting panamamike
If anyone is using MPTM to manage their trades and are using hedging, can you PM me please? I am managing trades by Magic Number and the jumping stop is working great. However, the hedge trades that open are closing almost right away. I can hedge them manually, but for the life of me I can not figure out why the hedge trades opened by MPTM are closing almost right away.
Take the question to Steve Hopwood. He invented the MPTM
  • #158
  • Sep 1, 2011 10:46pm Sep 1, 2011 10:46pm
Quoting nanningbob
Thanks George, great example.
Glad to contribute and hope it was helpful for traders out there with recovery questions....
  • #159
  • Sep 2, 2011 11:13am Sep 2, 2011 11:13am
Hi All

I am currently writing a multi-pair trader for the 1Hr CTR EA's as I am having difficulty with the number of charts open on my laptop

This is in testing so far but produces a screen similar to below:-

I will upload it to the thread once testing is complete.

I have taken the logic directly from the original 1h CTR ea's

I have noticed though that the logic for Buy is MA Low below Lower Band and the Bid less than the Lower Band (reversed for sell), this causes orders to be opened when the price may be on a run in the opposite direction, ie. price is going down and hugging the bollinger lower band the EA will open a buy

Have I just been unlucky in that all my testing I keep on hitting these runs and hence running up big losses (well not actual losses because I am hedging them at -100 pips to deal with later)

Would it not make sense to have the logic for buy to be MA Low is ABOVE Lower Band and the previous MA Low was BELOW the Lower band - ie. to ensure that the price is at least going at least towards the Upper band

or is it that these odd runs are compensated by the winners and the fact the original method gives a better price entry

Regards, John
Attached Image
  • #160
  • Sep 2, 2011 6:01pm Sep 2, 2011 6:01pm
Quoting jmw1970
Hi All

I am currently writing a multi-pair trader for the 1Hr CTR EA's as I am having difficulty with the number of charts open on my laptop

This is in testing so far but produces a screen similar to below:-

I will upload it to the thread once testing is complete.

I have taken the logic directly from the original 1h CTR ea's

I have noticed though that the logic for Buy is MA Low below Lower Band and the Bid less than the Lower Band (reversed for sell), this causes orders to be opened when the price may be on a run in the opposite direction,...
Not a bad idea with the multi trader. Runs are a normal activity in Forex, there is no avoiding them. You choose to use hedging and stop losses, I choose to counter trade. I prefer counter trading and recovery trades. To each persons system are pluses and minuses. 10.0 was given to make recovery trades simpler and easier to do. I think hedging until the daily chart gives you the signal counter trade is a good idea. Hedging to wait until you have winners will have its drawbacks, I think, when the markets go trending this fall. You could have a news story that makes every trade hedge. You then dont have any pairs to profit yourself out of your hedges. However, if you wait for the counter trade you have less DD to deal with.
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