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NB 4H EA (By bluemele )

The user has deleted this system.

NB 4H EA Discussion

bluemele
Aug 16 2010 at 16:29
272 posts
I have updated my strategy to be a little bit more aggressive! I have added about 12 pairs but with a smaller stop/hedge so it should offset the draw-down.

I believe my daily results will be higher, but my drawdown will be consistantly higher as well. I am very aggressive with about 210.00 equity per pair, but it should be at 500.00 per pair for a safe % drawdown. I am in hopes the market trends a little bit over these next few weeks.

Also, forex.com added a few pairs! GBPNZD, among others are now up for grabs which will make it fun to make more pips on the roller coaster ride of forex. :)

Be Open, honest and ethical and all the $$$ you want will come. (hint hint)
bluemele
Aug 17 2010 at 17:57
272 posts
Due to previous entries of USDJPY (LONG) it is costing me some drawdown, about 3%. So, I am expecting to get up to an average of 1,000 drawdown which would be 25% of the current profits. However, I do believe that I will be able to hedge out of them successfully from my testing!

This is fun and profitable and geared towards making more money in a fast trending market, but popping pips in a slow ranging market. :) Currently building the EA which I will freely share once I have a month or so under my belt!

Gil

Be Open, honest and ethical and all the $$$ you want will come. (hint hint)
bluemele
Aug 20 2010 at 20:41
272 posts
Wow, what a week!!!

My new method was shaky as I added 21 pairs to it and in fast moving markets I failed to 'HANDLE' it manually. MY EA development has been delayed due to roadblocks, which is mainly my lack of programming ability.

My job now is to recover USDJPY, USDCHF (not included in new technique) and then hedge & martingale my way out of several trading pairs and shut down this technique until I get my EA working. My live testing worked beautifully, but if you never close out your bad trades along with your goods, you soon forget where you are standing... I have brought # of pairs down to about 9 from 19! :) :)

If I get a big run in the wrong direction it could cost me, but I am purposefully pushing my profits against the direction of the trend. I believe that a major retracement is due to the NORTH on several currencies, but those could be my last words... :) MACDBB, Keltner, Stochastics are all telling me that we are within 200-300 pips of a retracement. Let's hope sooner than that.. I promise, I won't ever get this aggressive again with a new technique.. Just keep my drawdown from too high and my profit in... Thank you... :)

I should be out of GBPJPY, EURUSD and EURJPY soon.. Along with CADJPY! Wish me luck!

Gil

Be Open, honest and ethical and all the $$$ you want will come. (hint hint)
bluemele
Aug 22 2010 at 22:25
272 posts
Ok, so this week, starting with a -900 draw-down or 22% roughly, and way too many pairs to be traded with my experiment. Why is it when you have a good thing going, you end up playing with it to break it. :)

It could take me weeks to get out of this HEDGING issue, but I have done it on a few accounts and it is good practice. I believe I can widdle it down to -350.00 pretty easily, but that last 350.00 could be a challenge so I may just take the hit. I can see several of my currencies will go in my direction this week, but a few I am uncertain so let's find out.

To another good week. I am in hopes not to end this week with a 1500.00 drawdown! :) Unless I pocket another 1000 pips! :)

Gil

Be Open, honest and ethical and all the $$$ you want will come. (hint hint)
bluemele
Aug 23 2010 at 15:28
272 posts
3 pairs eliminated this morning from the drawdown, 10 more to go (3 of which were drawn down before or I am choosing to take profit on the GBPJPY for my typical technique as I believe it is due to go North).

This is fun. Looks like the GBP will be heading up, but seems weak to me. We will see... I am shooting for EUR to go up though, so most likely GBP will follow!

EURJPY is a challenge right now as I believe it is ripe for a retrace, but it just keeps dropping. That is the way that pair moves!

Be Open, honest and ethical and all the $$$ you want will come. (hint hint)
bluemele
Aug 24 2010 at 12:29
272 posts
Ok, let's recap why my equity is back to original amount.

My original strategy worked quite well, I was up almost 38% in 2.5 months. Then, I decided to use this TEST account to try another technique. This technique does really really well in a trend and I made a bit of money, but I didn't manage it properly (too aggressive in testing) and I added 22 pairs which was too much. I then thought the price was going to retrace, so I thought I could use my old strategy to get out of the old positions.

I believe where I exited is probably the turn-around, but I couldn't take the risk. This is a TEST account and my strategy #1 was quite successful along with Strategy #2 (would have done very very well had I stuck with it to exit my positions!!).

All-n-all! Even though, this account is back to 0, I am very happy. I am going back to my #1 strategy now and will hopefully get my EA working for #2 strategy! :)

Gil

Be Open, honest and ethical and all the $$$ you want will come. (hint hint)
bluemele
Aug 25 2010 at 15:42
272 posts
Ok, back on track! The back to original equity is not as bad as I thought. Of course, I now have to explain that I was playing with the account, 'betting' against the YEN (not the time to do it) and trading manually trying to get pivots which is always a challenge unless you are glued to your screen 24 hours a day. I will not be greedy again and will just take the lumps that come with it, but I was feeling confident that there was going to be a retrace! I think it is happening now unfortunately. I could have just hedged a couple days ago and when price exceeded the 23% retracement on fib's then I would have entered on retrace of the retrace which would take me to the 50%, if that makes any sense!

I am really only down about 900.00 of earnings as the other 600.00 was imaginary with drawdown. Strategy #2 has promise, but only with certain pairs so I need more testing and more time to get the EA working! That is why I ended up being 'greedy' and not closing out my losing hedges! I earn/lose 800.00 in a day trading futures, so no big deal, but this was fun! I am enjoying it and the realization that I can easily pull 6% to 8% a month is exciting!

Gil

(Strategy #1, NanningBob, ranging markets)
(Strategy #2, SuperTrend ATR breakouts, For Trends)
(Strategy #3, Triple point bounces, For Trends)
(Strategy #4, Anti-grid, trends, short term)
(Strategy #5, grid with recovery, ranging markets)
(Strategy #6, Grid, ranging markets)

Be Open, honest and ethical and all the $$$ you want will come. (hint hint)
bluemele
Aug 25 2010 at 15:46
272 posts
Started up my Strategy #1 using the NanningBob system of trades on a Robot with discretion. I have been asked to set up a managed account by a friend so they can follow my trades. I couldn't find a good broker that I liked, so....

Anyways, here are some things that I have implemented in this round:

Stop Gap entries that trail for fast moving markets
Profit Protection for multiple entries for recovery to 'X' dollars
a stochastic entry (15/85) on the 260 bars of history
a stochastic entry of 45/55 on 14 bars
% trailing stop to take profit until it reaches stochastic limitations

I also visually make sure that the MACD Divergence is looking good and manually exit and turn-off EA's if I feel that we are going through another 'wave' or Fib's are telling me too!

I have been doing this system now for 5 months and have had 2 big drawdowns. The MAY (everything, which was interesting, and involved hedging!) and late July (GBPUSD). The latter was interesting as I had ramped up my lot sizes and was doing live testing and it entered me double! So, not only did a have like a 700 pip run against me, I had it double along with AUDUSD, EURUSD and a couple others not retracing. It survived, I survived and the system works pretty well.

Remember the concept is to scalp for pips on the 4HR chart and catch the big run back to the middle.

When I get the robot going (remember, this isn't fully automated!) then I will share it, but I recoded the whole thing and am debugging it. When I do, I will share it! :)

Aloha,

Gil

Be Open, honest and ethical and all the $$$ you want will come. (hint hint)
bluemele
Aug 25 2010 at 16:00
272 posts
Please test this before using it. I don't believe it will work on ECN yet!


Attachments:


Be Open, honest and ethical and all the $$$ you want will come. (hint hint)
bluemele
Aug 27 2010 at 15:28
272 posts
I made many fixes and changes to that EA, so please don't use it. If you want a copy, just buzz me and I will send it to you as I am updating too often to keep posting.

This has been fruitful to get ST #1 going again. I have made many changes and I am focusing on limiting my drawdowns while improving my profits. It will be interesting to see how long it will take to get back to the 37% profit I was at prior to trying the other system.

Seems like the market didn't move a whole lot after the fall this week. I am expecting more retracement, so if it does, I should profit nicely.

gil

Be Open, honest and ethical and all the $$$ you want will come. (hint hint)
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