I was about to dump this EA last week before it finally made some $$ again. I realize that I have it set for large moves only and I am happy with that. I am thinking like blessings to move my first couple of levels to small reentries of 200 pips or less, then on greater than 3 moving them to 240+ pips dependent upon currency.
I think it is unrealistic that I will get 10% per month as projected on this EA, however, my drawdown has been really low (around 3% or so most of the time).
I will have to spend more time figuring out which currencies and where to scale up. So far GBPUSD is the big winner, so I will probably scale that currency first, then EURUSD, and other non-movers (ex-EURJPY/GBPJPY).
I am also evaluating the NB 5.0 system using bollinger bands, stochastics and MACD's.
--another note, I made a big mistake a few times playing with the EA as when I manually exit it closes all my trades. I have been able to on occasion turn the EA off and close a higher level trade, then turn it back on. Unfortunately, 3 out of 5 times it has backfired and closed out all trades. I still have some makeup on EURJPY and USDCHF because of this. :) It has cost me about 200.00 which is sizeable considering the small account I am trading. :)
Just for informational purposes, this EA is NanningBob 60X90 EA using 6th's indicator (Forex Factory). However, I have modified it significantly for my own best settings and likes. The key too is that I turn it off on times where currencies are getting ready to make big moves. Probably like tonight USA time. :)
The chances that you can download this EA, modify and replicate is highly unlikely. You would probably do better! :) haha...
Well, I lost about 60K at Forex.com last year, guess why....? REQUOTE, REQUOTE, REQUOTE..... Oh, did you actually mean you wanted to close that order? haha... Well, our servers were down during that short period, or, there was news in Zimbabwe or something else they would come up with. (Of course this is why I was sleeping!)
They remind me of the Soprano's when dealing with technical support. I always feel I am going to get a 'visit' from one of their reps if I do too well. I did get a call once from some guy named RYAN. He wanted to find out what I was doing, how I was doing it etc... I laughed and told him that his firm was a bunch of criminals (in a more polite way). They guys are definitely not out to 'serve' anyone! :) Reminds me in my development deals of working with General Contractors. Always out to play one on you. :)
I would go to Alpari UK, but they don't take US customers! I can't wait till IBFX gets to UK or AUS! I am thinking of porting one account over to GO Markets as they seem pretty good as well! :) I need hedging!!! :)
Here is a response to a message I got from someone asking me to send them the EA's with settings. My advice is to research your own and find what fits your personality. I do not feel the interest in being responsible for your demise if that does happen by using these strategies. In addition, I use my own judgement on when to turn on/off as well, so that takes some experience.
Yes, you can download them yourself with your own settings. I wouldn't feel right in supplying someone with a losing strategy if that occurred. Sorry.
forex-tsd.com search for 'blessings 3' on google
forexfactory.com search for NanningBob 60x90 EA. I use my own modified version and manually change trades so you could probably not replicate.
These EA's could blow up because they use Martingale and only experienced users should let themselves play with them.
Yes, it is martingale, on a very large timeframe, so to me it is safer than blessings 3. I just had an account with 25% drawdown with 5 currencies open all to the 3rd and 4th levels. Thank goodness it retraced as I don't like that high of drawdown on any account! :) From my extensive analysis, a 220 - 320 pip reentry will get you through ever major move. Size of reentry is determined by currency of course.
There are lots of recommended settings on FF. I suggest you try his new NB 5.0 system thread as I do believe it is probably better, but they did have quite a bit of drawdown on that account as well on this last run. It is a work in progress, but I believe it will do well.
I also manually trade this so much that I wouldn't consider it really an EA set-n-forget any longer. I like to use price action and fibs in in/out moves.
If you are looking for EA, then I suggest you check out the NB 60x90 thread and play around with it. I am probably 50% manual if not more at this point with this EA. I really just point it in a direction and turn it on. I will attach the 2 I am using currently, but if you look at the code, you can see it has been morphed into something it was not originally intended to become.
I am really focusing on my little big forex man EA, but I can't seem to get it through a couple of hurdles with my limited programming skills. Know anyone? ;)
Use these EA's at your own risk... Again, I have morphed them. I really like NB's 5.0 thread on FF as I believe that is a great technique, but right now I prefer price action for returns and his 5.0 system still has some clarity to overcome. :)
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