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Trading aud/nzd successfully

  • #61
  • Nov 24, 2008 5:46pm Nov 24, 2008 5:46pm
great system, ive been testing only for a day and have made $40 on a $500 account...

however ive been opening a few hours before the japan session because i live in australia and closing before us session, may this become a problem?
Grabbing the bull by the horns!
  • #62
  • Nov 24, 2008 6:40pm Nov 24, 2008 6:40pm
Quoting whitegoodman
great system, ive been testing only for a day and have made $40 on a $500 account...

however ive been opening a few hours before the japan session because i live in australia and closing before us session, may this become a problem?
I am in bed then and I dont know how Aud and Nzd news operates so I dont trade it. Probably could trade it on non big news days.
  • #63
  • Nov 24, 2008 7:02pm Nov 24, 2008 7:02pm
I will be going to Hong Kong for an educators conference this week so I may not be posting or trading anything after today. I wish you all well and may you make some money.
  • #64
  • Nov 24, 2008 7:17pm Nov 24, 2008 7:17pm
Quoting nanningbob
I will be going to Hong Kong for an educators conference this week so I may not be posting or trading anything after today. I wish you all well and may you make some money.
I'll do my best to answer any questions in your absence, enjoy your trip!
  • #65
  • Nov 24, 2008 7:37pm Nov 24, 2008 7:37pm
Quoting Verto
I'll do my best to answer any questions in your absence, enjoy your trip!
I appreciate you guys answering questions not only on this thread but the others. It sure takes a load off of me. Thanks.
  • #66
  • Nov 24, 2008 8:29pm Nov 24, 2008 8:29pm
Quoting PipsNow
Hey, Bob, thanks for one great thread! Your concept, understanding and teaching ability are tops!

I'm still just a searching noobie. When I try to load the template on a broker that quotes in 5 digits, the charts (AUDNZDm) will not load. I'm sure there must be a setting adjustment for that, but I guess I have missed it along the thread somewhere.

Could someone give me a quick suggestion, Please.

Thanks,

Bruce
Try Interbank FX. Several of us on this thread use them.
  • #67
  • Nov 24, 2008 8:58pm Nov 24, 2008 8:58pm
Quoting Toothman
Try Interbank FX. Several of us on this thread use them.
Ditto IBFX no probs
  • #68
  • Nov 24, 2008 9:01pm Nov 24, 2008 9:01pm
Quoting PipsNow
Hey, Bob, thanks for one great thread! Your concept, understanding and teaching ability are tops!

I'm still just a searching noobie. When I try to load the template on a broker that quotes in 5 digits, the charts (AUDNZDm) will not load. I'm sure there must be a setting adjustment for that, but I guess I have missed it along the thread somewhere.

Could someone give me a quick suggestion, Please.

Thanks,

Bruce
The EA uses 4 digits and needs to be changed to 5. There is someone who has done this already and maybe able to help you.
  • #69
  • Nov 24, 2008 9:37pm Nov 24, 2008 9:37pm
I do have an account up and running in IBfx, but I'm trying to get one going on ATC as well, and they use 5 digits, so I seem to be stumped.

Anyway, I surely appreciate your help.

Bruce
  • #70
  • Nov 24, 2008 10:05pm Nov 24, 2008 10:05pm
Quoting Tjpld
I'm impressed too. Up 14$ on 500$ Account 2,8%. Standard Settings. Started 0 GMT closed right before US Open.
Nice to know that you too are impressed! Normally I see your wet blanket statements on other threads!

I just tried to run my Demo into US session but it was almost a disaster. Though recovered now on a new day, US session is not suited at all and we have to avoid it religiously.
"Put all your efforts in becoming effortless"
  • #71
  • Nov 24, 2008 10:16pm Nov 24, 2008 10:16pm
Quoting IamTHAT
Nice to know that you too are impressed! Normally I see your wet blanket statements on other threads!

I just tried to run my Demo into US session but it was almost a disaster. Though recovered now on a new day, US session is not suited at all and we have to avoid it religiously.
Eh, it is hit or miss. Some days I get 50% of my profit for the day during the US session and some days I don't. It needs alot more careful watching and planning of when to shut off trades. I normally get to watching them very intently 5-6 levels in.
  • #72
  • Nov 24, 2008 11:06pm Nov 24, 2008 11:06pm
Hey Guys,

I had this problem with Alpari, but it's quite a simple fix.

In the profiles folder, open chart01 and chart02 with notepad and remove the 'm' from the symbol on line 3, ie. change AUSNZDm to AUSNZD and save the files. Then open order.wnd with notepad, remove the 'm' and save.

That should solve all your problems with opening charts, just remember that you have to multiply all the figures by 10 if you are trading 5 digits, so your TP would be 350 instead of 35 etc.

Oh btw, make sure that MT4 is closed while you are editing the files or else it doesn't work. If you are stuck let me know and I will try and upload the 5 digit EA.

Quoting nanningbob
The EA uses 4 digits and needs to be changed to 5. There is someone who has done this already and maybe able to help you.
"The market giveth and the market taketh away"
  • #73
  • Nov 25, 2008 12:17am Nov 25, 2008 12:17am
Started trading the system at 03:00GMT yesterday with $500. At 06:00GMT today it has hit $551.29 a positive rise of 10%. Wow!!!

Bob, what can I say? You are the man!
Cheers
  • #74
  • Nov 25, 2008 1:27am Nov 25, 2008 1:27am
Anybody gonna be trading this live in December?

Never traded in December before, so not sure what the markets are like etc. Any input would be greatly appreciated.
"The market giveth and the market taketh away"
  • #75
  • Nov 25, 2008 2:00am Nov 25, 2008 2:00am
Just noticed something else and need to check if it's a feature or not. It appears that the EA will only go 3 levels deep. When I get to the 0.13 level it seems to run to the take profit and closes 0.13, 0.08 and 0.05 and starts again from 0.05. For someor other reason it isn't opening the next level when it gets to 20 pips in the 0.13 level.

Using stock standard settings btw. Not that I should complain though lol, started EA at 8pm GMT last night and I'm now up 10% at the start of the UK session
"The market giveth and the market taketh away"
  • #76
  • Nov 25, 2008 2:31am Nov 25, 2008 2:31am
Hi,

I've been trying out this system this week. I wonder if it is correct that the system will always close ONE set of trades, as soon as this set is positive? How many levels will it usuallt go into?

Cheers!

Quoting Verto
I'll do my best to answer any questions in your absence, enjoy your trip!
  • #77
  • Nov 25, 2008 2:38am Nov 25, 2008 2:38am
Quoting Archie
Hi,

I've been trying out this system this week. I wonder if it is correct that the system will always close ONE set of trades, as soon as this set is positive? How many levels will it usuallt go into?

Cheers!
No, again, it will close a trade when it hits a Take Profit (set to 35 pips in this EA) or when it hits the Stop Loss (set to 200 pips). If any of the trades hit a Take Profit or a Stop Loss, it closes ALL trades.

take a look at the spreadsheet attached, it's very detailed. it should look something like this:
Attached Image
  • #78
  • Nov 25, 2008 2:39am Nov 25, 2008 2:39am
You are correct to an extent.

Once ONE profit target is it, all the trades in that direction are closed. So if a buy target is hit, all the buy trades are closed and vica versa for the sell trades. So it's not a case of the group being in profit, it is when a profit target is met.

Having said that, about 2 minutes after making my post it traded the next level Guess it was just ranging in that area.
"The market giveth and the market taketh away"
  • #79
  • Nov 25, 2008 2:43am Nov 25, 2008 2:43am
Just too late it seems

Frost, about the spreadsheet. How exactly do you use it? I understand the concept, however, I have noticed in my trades that if a trade closes, the previous levels are NEVER spaced 20 pip apart. This is obviously due to spread etc etc, but I never see it even getting close. So how exactly do you use what seems to be a very handy tool in theory?

Quoting FrostCall
No, again, it will close a trade when it hits a Take Profit (set to 35 pips in this EA) or when it hits the Stop Loss (set to 200 pips). If any of the trades hit a Take Profit or a Stop Loss, it closes ALL trades.

take a look at the spreadsheet attached, it's very detailed. it should look something like this:
"The market giveth and the market taketh away"
  • #80
  • Nov 25, 2008 2:44am Nov 25, 2008 2:44am
Quoting urbanFX
Just noticed something else and need to check if it's a feature or not. It appears that the EA will only go 3 levels deep. When I get to the 0.13 level it seems to run to the take profit and closes 0.13, 0.08 and 0.05 and starts again from 0.05. For someor other reason it isn't opening the next level when it gets to 20 pips in the 0.13 level.

Using stock standard settings btw. Not that I should complain though lol, started EA at 8pm GMT last night and I'm now up 10% at the start of the UK session
I designed the EA that way. Go 3 levels deep and then go take profit. Great EA huh
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