Nanningbob Forex EA

September 12, 2009 by hyiperz

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Because the Forex is designed primarily for businesses, banks, and governments to exchange currencies in very large amounts, it does not behave itself in a consistent matter. At any time or place someone, bank, govt., business can exchange a huge amount of currency and it will have nothing to do with Fundamentals or Indicators or any combination of both. Every system ever developed can be disrupted by these exchanges and thereby ruining any strategy. I concluded that you can study to your hearts content everything about Forex trading you can find but when GM cashes a billion dollar check because it sold county X trucks no system can cover these events. To counter these happenings I developed a theory of trading a currency’s range instead of specific entrance and exit points. A currency will only move a maximum X amount of pips in one day. Develop a system that stays within that range and stay away from the super news stories, like 700 Billion dollar bailouts and interest rate announcements, you can successfully trade the Forex on a regular basis.

I added a 5 digit version, it works on a backtest but I have not live traded or lived demo it. I just changed the numbers in it so it should work with a 5 digit broker.If you have a dime broker instead of a penny broker, you may have to change the lot number from .01 to .10 for it to work with some brokers.
I removed the 180×200 and replaced it with a 180×100 using a 20 MA. I found this to work better. I posted a 4 digit and 5 digit system. The 5 digit system has no profile folder however. Some instructions are found on p. 145 post 2167 on directions for the 5 digit system.

Rules are very simple,
1.Do not open trades until after the weekend gaps. Somtime after the Jpy open would be good.
2. Do not hold trades over the weekend if at all possible. News stories can cause huge gaps which can ruin the trading system and its reentry features.
3. Demo the system for a good period of time until you are comfortable with which currencies or group of currencies you like to trade with.
4. Please read the manual first. You wont understand some of these pics until you do so.

1st pic is the Nzd/jpy for one month. Each dotted line to dotted line is one day. The key is price stays within the yellow lines and that is your safe zone. You can check every currency using the blank template and seeing which TF each currency would work best in.