Bobnannings Range trading method
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thread: Bobnannings Range trading method

  1. #1
    Junior Member Efi91's Avatar
    27

    Bobnannings Range trading method

    OK, I am opening this thread at the suggestion of NanningBob to cover range trading, on various currency pairs,
    anyone who's in the dark about this ought to read the thread trading the AUD/NZD successfully also in the newcomer section
    please read it all of the way through, as it moves through many metamorphoses, you may also wish to read 100 x 80 EA oh boy
    differently following this will be similar to watching the next Star Wars film and saying so who's this Darth Vader bloke then? (you would not want to seem that stupid do you?)

    Today I might have opened this thread but it belongs firmly in the hands of , this is his method and I am simply a follower, so any questions that you might have must be directed towards him.

    So, to start the ball rolling I am posting my version of Bob's EA which uses ATR to create a buffer between the 40MA along with also the initial trade,it's set up for 5 digit brokers (Alpari)
    the only new configurations are;

    ATRperiods and ATRmultiplier

    ATRperiods is the no. Of pubs back to appear and is set at 13 (adjustable)

    ATRmultiplier is a factor to multiply the ATR by and is set at 6 (also adjustable)

    with the EA configurations as they are you could have exchanged GPB/USD all previous year with no death trade

    experimentation enjoy.

    Steve.
    https://www.cliqforex.com/attachment...2018136317.mq4

  2. #2
    Junior Member Efi91's Avatar
    27
    The only difficulties I had when experimentation for this was Monday gaps sudden rises in price early in the morning, this was solved by turning trading from midnight to 8am. (GMT)

  3. #3
    Junior Member Efi91's Avatar
    27
    I'm posting some useful EA's I've found as you will find them useful too.

    The only one I've used is the Swiss army knife, the other two I just found today.

    The trailing stop one gets the ability to track normally or in measures

    that the breakeven one is self explanatory.
    https://www.cliqforex.com/attachment...7786242739.mq4
    https://www.cliqforex.com/attachment...1796327009.mq4
    https://www.cliqforex.com/attachment...91914652000.35

  4. #4
    Junior Member Dextroxs's Avatar
    27
    OK, I am opening this thread in the proposal of BobNanning to cover range trading, on different currency pairs,
    anybody who is in the dark about this should read the ribbon trading that the AUD/NZD successfully also from the newcomer section
    please read it all the way through, since it goes through many metamorphoses, you may also wish to read 100 x 80 EA oh boy
    differently following this will be like watching the third Star Wars film and stating who's this Darth Vader bloke then? (you would not want to look that stupid do you?)

    Now I may have...
    Steve,
    Thanks for the job you have done on the ATR. If I don't have a 5 digit broker, what should my starting lot dimensions be? .1 instead of .01? Does the ATR multiplier stay the same (6)? I understand TPshould be 60,pips40,SL400. Couple more questions, when you stated you might have exchanged the G/U all last year with no passing trade, was excluding 12 midnight to 8:00 am. ? How did you check for the entire year? Thank you.

  5. #5
    Junior Member Davids3's Avatar
    19
    Nice to find this thread started, as I think this system and EA is very good, and can be even better using refinement based on the historical movement of the assorted pairs. I will start off with questions.
    1.) Bob initially had his EA on a 1 hour chart, also said he discovered differences that weren't anticipated between the 1 hour and 5 min chart. I only compared the 1 hour 5 min chart, and a single hour chart on two different pairs. From what I can see, the green line representing the entrance transaction remains 80 pips away. Thus, wondering what the difference would use this on a 5 minute, or 60 minute?

    2.) Your ea constructed for 5 digit broker, so I assume if mine isn't, I just have to delete the extra zero?

    3.) What are your entrance levels based on? Looks like it is every 40 pips for 5 degrees which is like another one?

    4.) Your stop is 400. Your checking has demoned that the GBP never moved over 400 pips without a retrace of 40 pips? If you're going 5 levels only, would not you require a retrace of over 200 pips then 5th commerce, if the EA is earning admissions every 40 pips?

  6. #6
    Junior Member Sanchwz1962's Avatar
    23
    OK, I am opening this thread in the proposal of BobNanning to cover range trading, on different currency pairs,
    anyone who's in the dark about this ought to read the ribbon trading that the AUD/NZD successfully also from the newcomer section
    please see it all of the way through, since it moves through many metamorphoses, you might also wish to see 100 x 80 EA oh boy
    differently following this is like watching the next Star Wars movie and saying so who's this Darth Vader bloke then? (you wouldn't want to look that stupid would you?)

    Now I will...
    Thx Steve!

  7. #7
    Junior Member noemimc78's Avatar
    29
    Can someone post the documents of Bob's original 5m variant for this, im getting confused lol

  8. #8
    Junior Member Efi91's Avatar
    27
    Steve,
    Thanks for the work you Have Completed on the ATR. If I don't possess a 5 digit broker, what should my beginning lot size be? .1 instead of .01? Does the ATR multiplier stay exactly the same (6)? I know TPshould be 60,pips40,SL400. Couple more questions, when you said you could have exchanged the G/U all previous year with no passing trade, was that excluding 12 midnight to 8:00 am. ? How did you check for the year? Thank you.
    Ooer,
    lot size is unaffected, but ATR mult' will need to be 0.6.

    Yes, I excluded those hours, otherwise the EA is put as is.

    Steve.

  9. #9
    Junior Member alberpkparra94's Avatar
    23
    Hey Steve,
    I'm kinda wondering your option to omit midnight a.m. simply because before in the process here, that very time period was that the prime trading period. (which was for the AudNzd just )

    I'm shing your ea for 4 digit, seems great but I really don't see down at the bottom were are the amounts coming out for the amounts to initiate the transactions, ie: if( Ask gt; Var3 (buffer *Stage )

    where as the other ea's had amounts there, such as
    50 - 40 or whatever the degree is utilized. I just can't find where that is coming from, of course I am NOT a programer so I'm just flying by the seat of my pants here.

    I believe you are using a 40 period LWMA, I was using a 120 lwma about the 5 min variant.

    ...

  10. #10
    Junior Member Efi91's Avatar
    27
    Nice to see that this thread started, as I feel this system and EA is quite good, and may be even better using refinement based on the historic movement of the assorted pairs. I will start off with questions.
    1.) Bob initially had his EA on a 1 hour chart, also said he found differences which weren't expected between the 1 hour and 5 min chart. I just compared the 1 hour and 5 min chart, and one hour chart on two distinct pairs. From what I can see, the green line representing the entrance trade is still 80 pips away. Thus, wondering what the difference...
    Paradoxical

    1. Response is the answer, a 40ma will grow faster on a 5 min chart than the usual
    1 hour , so the price will have risen further before, or even if, a commerce
    opens.

    2. See toothmans post above and my answer.

    3. Yes 40 pips entrance 60 pip TP 5 levels.

    4. No, the price just needs to retreat 60 pips and hit on the TP of the final
    position opened, they then all shut, a few of the positions will lose but
    total a profit is made.

    Steve.

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