al3xx wrote:

alex_forex wrote:Hi all

See my open trades on demo :

nb102autotrader.jpg

I don't know why I got those lot size... 0.01 in the settings....
EDIT : RISK PERCENT = 2

Anyway, nice trades

Regards
Alex

BTW, I forgot to mention... I added 'long' ago some setting called RecoveryVirtualStop. It's job is for those who like me want to try nanningbob's recovery style.

I explain. Ordinarily, Risk Percent will be used to calculate lot size based on the current stop. The current stop could differ because the bot calculates stops based on pivot lines if no stop is explicitly set.

Now, I want to start recovery (manual entry) at min 100 pips dead, but I want to use a REAL emergency stop at 200 pips. In the usual case of lots from risk percent, I will get lot size calculated from the real stop of 200 pips.

I don't want that and neither do I want a fixed lot size and there is where RecoveryVirtualStop comes in. If set to anything other than zero, it will be the basis used to calc lot size from the Risk Percentage.

You have to set it to zero to use the real stop (either explicit or calculated from pivot lines) as basis for lot size calculation from the Risk Percent. It's your call.

I hope I explained that well enough but futher clarification is available where that came from

In other news, we are going to add automajic entry of recovery trades (at least up to some level) for those who love them. The idea is boiling... we will see. Personally, I find recovery trading suits my personality very well and helps me gain experience with less frustration. That I believe is the real philosophy behind nanningbob's recovery.

Kind Regards,

Alex

alorente wrote:

al3xx wrote:

alex_forex wrote:Hi all

See my open trades on demo :

nb102autotrader.jpg

I don't know why I got those lot size... 0.01 in the settings....
EDIT : RISK PERCENT = 2

Anyway, nice trades

Regards
Alex

BTW, I forgot to mention... I added 'long' ago some setting called RecoveryVirtualStop. It's job is for those who like me want to try nanningbob's recovery style.

I explain. Ordinarily, Risk Percent will be used to calculate lot size based on the current stop. The current stop could differ because the bot calculates stops based on pivot lines if no stop is explicitly set.

Now, I want to start recovery (manual entry) at min 100 pips dead, but I want to use a REAL emergency stop at 200 pips. In the usual case of lots from risk percent, I will get lot size calculated from the real stop of 200 pips.

I don't want that and neither do I want a fixed lot size and there is where RecoveryVirtualStop comes in. If set to anything other than zero, it will be the basis used to calc lot size from the Risk Percentage.

You have to set it to zero to use the real stop (either explicit or calculated from pivot lines) as basis for lot size calculation from the Risk Percent. It's your call.

I hope I explained that well enough but futher clarification is available where that came from

In other news, we are going to add automajic entry of recovery trades (at least up to some level) for those who love them. The idea is boiling... we will see. Personally, I find recovery trading suits my personality very well and helps me gain experience with less frustration. That I believe is the real philosophy behind nanningbob's recovery.

Kind Regards,

Alex

Alex, I am with you on this one. I love recovery and it will be perfect to have the trades automatically triggered. Thank you for taking up this venture.

al3xx wrote:Steve originally created and generously (as usual...) posted in these forums an EA for trading Nanningbob's 10.2 system that he later abandoned because it didn't look promising for him....

alorente wrote:

al3xx wrote:

alex_forex wrote:Hi all

See my open trades on demo :

nb102autotrader.jpg

I don't know why I got those lot size... 0.01 in the settings....
EDIT : RISK PERCENT = 2

Anyway, nice trades

Regards
Alex

BTW, I forgot to mention... I added 'long' ago some setting called RecoveryVirtualStop. It's job is for those who like me want to try nanningbob's recovery style.

I explain. Ordinarily, Risk Percent will be used to calculate lot size based on the current stop. The current stop could differ because the bot calculates stops based on pivot lines if no stop is explicitly set.

Now, I want to start recovery (manual entry) at min 100 pips dead, but I want to use a REAL emergency stop at 200 pips. In the usual case of lots from risk percent, I will get lot size calculated from the real stop of 200 pips.

I don't want that and neither do I want a fixed lot size and there is where RecoveryVirtualStop comes in. If set to anything other than zero, it will be the basis used to calc lot size from the Risk Percentage.

You have to set it to zero to use the real stop (either explicit or calculated from pivot lines) as basis for lot size calculation from the Risk Percent. It's your call.

I hope I explained that well enough but futher clarification is available where that came from

In other news, we are going to add automajic entry of recovery trades (at least up to some level) for those who love them. The idea is boiling... we will see. Personally, I find recovery trading suits my personality very well and helps me gain experience with less frustration. That I believe is the real philosophy behind nanningbob's recovery.

Kind Regards,

Alex

Alex, I am with you on this one. I love recovery and it will be perfect to have the trades automatically triggered. Thank you for taking up this venture.

alex_forex wrote:
I second that !

By the way, nice to see you there Al

Regards
Alex

effluvium wrote:

al3xx wrote:Steve originally created and generously (as usual...) posted in these forums an EA for trading Nanningbob's 10.2 system that he later abandoned because it didn't look promising for him....

Hi Al3xx,
Thank you for focusing again the interest for this pioneer 10.2 EA . I have just noticed that some indy you are suggesting here, were updated since that. For example the WOH (Weekly Open Histogram) was upgraded to version 5.4 then to version 5.8.
I've just noticed some differences in histograms as you could see in the chart joined here. Surely Nanningbob could explain with great detail the differences. As I understood, the last version 5.8 based its comparaison and its drawing on LWMA versus SMA for the previous version.
Honestly I don't want to introduce any confusion in the mind of the followers here, but I'd like just to report that, letting some experienced people here judge if these details are important or just meaningless.


The chart here:
http://flic.kr/p/d25Qgh

fbs1979 wrote:I'm loading v1.1
Ive noticed that in v1.0 BETargetpips/profit=35/5 while in v1.1 is set to 50/10...

I'll set it to 40/5 so everyone is happy (anyway I think it's not that important)

al3xx wrote:

alex_forex wrote:
I second that !

By the way, nice to see you there Al

Regards
Alex

That must be the Al of Extreme TMA. Right? Because incidentally, the recovery I am thinking about involves 'retrofiting' Extreme TMA to do recovery. If they match with pivot line S/R you will have a solid entry. Most of the recovery I suppose we will do at the consolidation periods in between a trend or a trend reversal. In 10.2A, that is where price is between monthly and weekly pivot and daily pivot is aso in between there somewhere. Basically when you don't know if you are coming or going

Kind Regards,

Alex