Disliked{quote} What brokers are you using guys? Pepperstone has 2-3 pips spread on this pair, Oanda also.Ignored
Scoobi doobi doo
For the benefit of all mechanical trading system added to trade explorer/account shared - described in simple 6 steps as a nutshell for trading AUD/NZD ,EUR/GBP, AUD/CAD and NZD/CAD unleashed below : Step 1 : Two trades of this pair open at market rate one buy and one sell to start with of lot size 0.1 Step 2 : Buy Stop and Sell Stop Pending orders of size 0.1 lot is kept apart at a distance of 15pips Step 3 : Buy Limit and Sell Limit Pending orders of size 0.2 lot is kept apart at a distance of 30pips Step 4: If any of the pending order gets triggered...
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HMSR
- Joined Jul 2012 | Status: Price Action Trader,Systems Coder | 615 Posts
{quote} So basically, you expect price to move away from the current price in either direction, and the further price moves into either direction, the size of the trade becomes larger so as to offset the trade going in the opposite direction which would be smaller. This poses a risk of an infinite loop where the trade size continues to get larger and larger until the point that your broker might require a margin call. But I guess you have an EA that sets a risk limit. Do you mind sharing your EA? I have wanted to do this before, but doing this manually...
setfile:
Comment_MultiLotsFactor=Multi Lot Factor:
MultiLotsFactor=1.1
Lots=0.01
TakeProfit=620.0
Comment_StepLots=Step Lots:
StepLots=310.0
Comment_UseTrailing=Use Trailing Stop:
UseTrailing=false
Comment_TrailStart=TrailStop:
TrailStart=10.0
Comment_TrailStop=Traling Stop:
TrailStop=10.0
Comment_MaxCountOrders=Max Count Orders:
MaxCountOrders=20
Comment_SafeEquity=Safe Equity Risk %
SafeEquity=false
SafeEquityRisk=20.0
Comment_slippage=Slippage
slippage=3.0
MagicNumber=13579
Scoobi doobi doo
{quote} One trick is use the EA on different time frames for different pairs , so that it picks the direction based on timeframe and starts maneuvering trades in the direction. Typically if you have 4-5k equity if you setup the EA with start lot 0.01 and default settings its expected to churn 10-15% monthly returns using this slow movers with no USD exposure directly.. good luck Roszey! Ex: AUD CAD M5/ NZD CAD D1/ AUD NZD H4 / EUR GBP H1
Scoobodoobi, you are a sharp individual. I hope you make it.
On a side note, CADCHF may be providing an opportunity to short. In my opinion that monthly range is a strong enough incentive, to enter short in anticipating the currency will respect the past historic trading ranges. (Not taking into account any SNB influences though)
-All the best
HMSR
- Joined Jul 2012 | Status: Price Action Trader,Systems Coder | 615 Posts
{quote} Scoobodoobi, you are a sharp individual. I hope you make it.
CADCHF or xxxCHF pair was not included owing to SNB flash in the pan crash or rally off the hook - once in a year making everyone loose their pants. I think we are better of not trading CADCHF
Scoobi doobi doo
- Joined Jul 2012 | Status: Price Action Trader,Systems Coder | 615 Posts
Hello. Great idea for a thread. Is it still active ? Im also interested trading at least Aud/Cad long term and milking the range. Even if my range is set a little bit big, it lasts for 3 years now. {quote} Thanks. Atm, im researching all what i can find about this pair. How it behaves long term, what are the advantages aso. The biggest disadvantage is i think the high spread, or ? {quote} Low vola sucks but can also be a gift for long term trading. Better for managing the trade, sometimes it is like slomo trading compared to €/$ or Cable. And the...
spread range is 2pips at pepperstone .
I am milking them for years and making profits stable using both my EA's on all 4 pairs.
i) Open the pairs chart twice
ii) Attach the BuyAlways & SellAlways EA per pair with different magic for each chart
iii) Collect $$ at your will steadily with min lots as in EA
Attached the EA for your use.
Scoobi doobi doo
