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- Hoef replied Jul 21, 2008
yeah I know .... but was wondering what the AUD/JPY pair is going to do when AUD/USD goes south. I guess JPY is more stable keeping USD in check?
- Hoef replied Jul 21, 2008
How is that correlating with AUD/JPY?
- Australian Dollar May 'Free Fall'
What do you guys think: {url} Obviously interesting for the carry traders out there......
- Hoef replied Mar 6, 2008
I think the system does require 10 pip increment limit orders with TP after the average down trade. You did it right, no?
- Hoef replied Mar 6, 2008
I had it all wrong and happy to see that Qman and Hayseed interpreted the rules a little different too (I thought I was going nuts). My basetrade term is same as your 1st trade and Averaging Down Trades. I did TP on average down trades as well! .... ...
- Hoef replied Mar 6, 2008
Sorry to keep coming back to the base order with takeprofit or without takeprofit. But I believe that if you do a takeprofit on all base orders, your average position will never be positive (unless is the currency pair is higher than your highest ...
- Hoef replied Mar 4, 2008
My top dangler is at 213.54 so it is getting interesting :-)
- Hoef replied Mar 3, 2008
With the recent "volatility" we can see if it makes a big difference between having the base trade with or without a take profit
- Hoef replied Feb 27, 2008
I might be wrong but in that case it is difficult to "close" the orders b/c on a retractment you always left with the danglers. For example if the currency has a sinus pattern (of maybe 200pips top to bottom) you continuously open orders on the ...
- Hoef replied Feb 21, 2008
ok 0.5% makes sence. tx!
- Hoef replied Feb 21, 2008
Dreamliner, In your original posting you had 0.05% of NAV. Hence my follow-on question about the negligible interest. So I guess it is 0.5% NAV?
- Hoef replied Feb 19, 2008
Ok last question :-) .... when you close, do you leave your (old) limit orders in place or do you start laying 10pip limits all over again from your new starting position? I am inclined to leave them open and fill the space between the old limit and ...
- Hoef replied Feb 19, 2008
That's what I thought but then you close the positions every time there is a small retraction (in my example above -27 pips from the last limit order).
- Hoef replied Feb 19, 2008
It helps partly .... I currently have a situation where the original order (without take profit) has 82 pips and the one dangler (after taking multiple limits/profits) has -27 pips. The currency is range bound. The average is positive. So should I ...
- Hoef replied Feb 19, 2008
Hey Dreamline, Quick question on your list of actions: "6.At any time you have more than 1 order open, and the market is above the average price, close all orders (Oanda makes this easy to do)." Does this apply all the time or after a big drop and a ...
- Hoef replied Feb 18, 2008
ok .. tx! Though your method does requires a lot of order entry :-)
- Hoef replied Feb 18, 2008
This has been one of the most enjoyable threads .. tx! I am a n00b when it comes to automated trading, assuming that what EA is. What platform does that work on, will it work with OANDA too?
- Hoef replied Feb 18, 2008
Yeah agree ... though I'd like to see some back testing data on that especially since 1% is used before. How many "danglers" do you have on average for the months you been trading this system?
- Hoef replied Feb 17, 2008
hey dreamliner, with only 0.05% of available capital as trade size, isn't the effect of the "carry trade", the interest, negligible? For example, with $10k in the account, a position is only 130 units .... or am I missing something?
- Hoef replied Feb 17, 2008
Other pairs? — Any specific reason for the GBP/JPY pair (volatility maybe)? or can it also be applied to AUD/JPY?
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