There is a trade-off between, on the one hand, the number of turns of the nipping / gripping knot ( double, triple, quadruple loop ) and the angle of the L-shaped "handle" ( with more turns, the angle gets smaller than 90 degrees ), and, on the other, the easiness with which the loop can be adjusted. I had tried the triple overhand knot, and the quadruple overhand knot, but in them this angle seemed to me to become too small, much smaller than I would had wished - so the loop becomes difficult to adjust. I have to repeat that we wish to be able to adjust the loop even under some light loading - a completely unloaded loop can be adjusted even if the continuation of the returning eyeleg follows a much more convoluted path, but then to adjust the ( length of the ) eyeleg, we will need to pull it twice, the first time from the tip of the curve the "handle" makes, and the second time from its end.
Now, it was expected that a triple-overhand knot based gripping / nipping nub would be more easy to untie - because it is more convoluted, and,
because of this, it is less tight. We have to choose between a more tight nub ( based on the double overhand knot ), and a less tight, but easier to untie one ( based on the triple or on the quadruple overhand knot ). And, as I said before, this decision by us should take into account the material we use ( a softer, more compressible, easier to be "flattened" material leads to more difficult to untie nubs ), the existence or not of some load during the adjusting stage, and what risk of jamming we are prepared to accept, in order to have an easily adjustable, yet most secure nub.
Alan, if you want to use the triple overhand knot, pass the Tail End the way I show. Doing this, the knot becomes self-dressing, and the two segments of the rope inside the "nipping tube" can not swap positions. If you find that even this nub is not so secure as you wish, do the same thing with a quadruple overhand knot.
P.S.
All those loops are implementations of the idea described at :
http://igkt.net/sm/index.php?topic=2996.msg17836#msg17836