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Trading aud/nzd successfully

  • #181
  • Nov 28, 2008 7:37pm Nov 28, 2008 7:37pm
Quoting Toothman
I know we're not dealing with the 100/40 in this thread but everyone's posting here now so thought I'd throw this in. Here are my settings:
Trading only the EUR/USD ,.01 or .02 lots, mult. 1.5, max. trades 15, no stoploss, letting EA run all week, shutting down usually by thur. night.
Beginning balance-$3000
Balance after week 1-$3130 (.01) lots, Deepest trade level (9)
week 2-$3239 (.01) (10)
week 3-$3409 (.02) (10)
week 4-$3484 (.02) (9)
week 5-$3543 (.02) (6)
Interesting, in the rush of adjusting to the market with other currencies, the old tried but true keeps plugging away. Just works on fewer currencies now but it still works.
  • #182
  • Nov 28, 2008 8:33pm Nov 28, 2008 8:33pm
Quoting nanningbob
I hope sharing information on forums like this will keep us all up to date. 6 months from now this EA could be worthless. Get your original investment out and take home your profits, that is how you win at this game.
i wouldnt say the EA is worthless i think the most important thing is for us all to understand the system and recognise changes to normal market fluctuations in different pairs so we can adapt the EA in the future in regards to tp and stop loss etc.
Grabbing the bull by the horns!
  • #183
  • Nov 28, 2008 8:34pm Nov 28, 2008 8:34pm
If the norm is no more than, say 200, what would be the problem of using a setting of some real high amount over that, such as 400, as a stop loss?
Quoting nanningbob
SHHHHHHHHHHHH DONT GIVE AWAY ALL MY SECRETS SHHHHHHHHH There are several currencies you can use this with but only certain times. The Aud Cad works if you dont go into the USA session and you stay away from Aud news stories. The Eur/gbp worked also until it started the 300 pip days of recent history
  • #184
  • Nov 28, 2008 8:39pm Nov 28, 2008 8:39pm
Quoting paradoxical
If the norm is no more than, say 200, what would be the problem of using a setting of some real high amount over that, such as 400, as a stop loss?
say 400 SL but what other setting would you have? 40x20?
Grabbing the bull by the horns!
  • #185
  • Nov 28, 2008 9:03pm Nov 28, 2008 9:03pm
[quote=nanningbob;2384241]My experience in 6 weeks of live testing is I have never been stopped out running jpy open until the middle of the Euro session. Doesnt mean it will never happen or that market conditions down the road wont change but right now, it is a small chance. For example the Eur/gbp never went over 148 pips in one day in a 7 year period. In the last 6 weeks it has had several 200 and 300 pip days. My 100/40 EA tested profitably and successfully for 10 months and then the market changed and can only be used on a few currencies successfully when in the past I could run it on 18. Market conditions change and when they do we will have to change. Right now the AUD/NZD run very tight together and bounce. How long this will do this is anybodies guess. 2 months, 5 years, I dont know but I am going to profit from it until the market changes. Forex trading is genuine and understanding how the market moves is the key to profitability. That is why purchansing an EA has its limited rewards, when the market changes they become worthless. I hope sharing information on forums like this will keep us all up to date. 6 months from now this EA could be worthless. Get your original investment out and take home your profits, that is how you win at this game.[/quote


I am curious Bob, has aud/nzd always had a small range in the past like eur/gbp (at least in the last 7 years).
  • #186
  • Nov 28, 2008 9:19pm Nov 28, 2008 9:19pm
So, is anyone in here really trading this high-ass spread pair?
  • #187
  • Nov 28, 2008 9:23pm Nov 28, 2008 9:23pm
Quoting Schminner
So, is anyone in here really trading this high-ass spread pair?

Ok course we are, why make a thread about it if we were not trading it? There are risk issues to work out but in my limited testing it is making money right now.
  • #188
  • Nov 28, 2008 10:18pm Nov 28, 2008 10:18pm
[quote=toyoproxo;2384299]
Quoting nanningbob
My experience in 6 weeks of live testing is I have never been stopped out running jpy open until the middle of the Euro session. Doesnt mean it will never happen or that market conditions down the road wont change but right now, it is a small chance. For example the Eur/gbp never went over 148 pips in one day in a 7 year period. In the last 6 weeks it has had several 200 and 300 pip days. My 100/40 EA tested profitably and successfully for 10 months and then the market changed and can only be used on a few currencies successfully...
The range has always been limited because the two economies are very similar, and the size of the currencies are similar. The uniqueness of these two is the USA and EURO sessions does note seem to affect them much so they dont have these long runs like other currencies do. The high and the low for the day may range more than 400 pips on some days but the bounce within 150 pips stays the same during that move up or down. A very unique pair and why the EA works here but not other currencies. So while it may move a bigger run than the Eur/gbp it doesnt stop the bouncing where as other currencies will make a run and wont do the bouncy thing during their run. The other unique feature is the bouncing thing can very volatile and run from high to low every 5 minutes but very rarely goes beyond 150 pips while doing that.


In conclusion that is a hard question to answer because the 5M chart, which gives you the philosophy of this currency only goes back a couple of months to actually test it. After that the time periods are too big to see if that action has always been that way. It is an unknown factor with MT4
  • #189
  • Nov 28, 2008 10:44pm Nov 28, 2008 10:44pm
Quoting Schminner
So, is anyone in here really trading this high-ass spread pair?
Yup, I have been live for almost two months now and I know bob has been during the same amount of time. We both placed in IBFX's top 100 contest as well... well bob would have if he didn't withdraw on the second to last day.
  • #190
  • Edited 11:36pm Nov 28, 2008 11:24pm | Edited 11:36pm
I am trading AUDNZD live since two days with 0.01 lot size.

What I have noticed with the help of xls sheet is:
Instead of increasing the lot size to 0.02, if you increase the multiplication to 1.7 from 1.6 for example, you get higher profit figure with lesser drawdown.

I am also experimenting on GBPJPY with 35x25, 50x40 etc. It can be a real work horse producing 30% - 70% returns in a day if you can avoid more than 150 pips movement in one direction which is indeed difficult now a days. If you get lucky, anything is possible.
"Put all your efforts in becoming effortless"
  • #191
  • Nov 28, 2008 11:50pm Nov 28, 2008 11:50pm
Quoting nanningbob
Market conditions change and when they do we will have to change. Right now the AUD/NZD run very tight together and bounce. How long this will do this is anybodies guess. 2 months, 5 years, I dont know but I am going to profit from it until the market changes. Forex trading is genuine and understanding how the market moves is the key to profitability. That is why purchansing an EA has its limited rewards, when the market changes they become worthless. I hope sharing information on forums like this will keep us all up to date. 6 months from now this EA could be worthless. Get your original investment out and take home your profits, that is how you win at this game.

I totally agree with u. Nothing works forever. Just make sure that u guys don't blow up all ur profit/account when a death trade happen. It will take several death trades to occur before knowing it's not working anymore.
  • #192
  • Nov 29, 2008 12:16am Nov 29, 2008 12:16am
Quoting nanningbob
AAAAhhhhhhhhhhhhhhh. I could have placed in the top 5 IBFX contest . Aaaaaaaaaaaahhhhhhhhhhhhhhggggggggggggg. I would have been over 100% someplace. aaaaaaaaaaaaaahhhhhhhhhhhhh gggggggggggggggg. DANG When am I gonna learn that those guys with the super programs get killed when they have to close AAAAAAAAAAhhhhhhhhhhhhhggggggggggggggggg dang dang dang

1XamtOpips 346.4981%
2sgrfx 193.9586%
3B Kwan 167.4308%
4akamIBFX 73.7811%
6kemy 61.1280%
7remcouswss 55.5180%
Don't be disappointed becoz u are looking at the wrong thing.

The actual top 5 is

1. Xaej 1708.5385%
2. PipSnatcher 703.4458%
3. Nothing 596.9781%
4. luckygirl 435.8058%
5. Steve4 428.3473%

The one u post is Nov 2007. I hope u will feel better when u look at this

It looks like is not as easy as I think to win it.
  • #193
  • Nov 29, 2008 8:18am Nov 29, 2008 8:18am
Quoting whitegoodman
i wouldnt say the EA is worthless i think the most important thing is for us all to understand the system and recognise changes to normal market fluctuations in different pairs so we can adapt the EA in the future in regards to tp and stop loss etc.
Speaking of which (i.e. understanding the system), has anyone here summarized the system in an English-language form? I can go through the EA but I'm a lazy bastard; plus, as a software professional I know that the code may have extra stuff in it that might be a distraction from the core system concepts. The OP has already said that there's left-over code in the EA for processing some indicator (stochastics?) that isn't used any more.

A quick explanation is really all that's needed.
You are in a maze of twisty little passages, all alike.
  • #194
  • Nov 29, 2008 12:17pm Nov 29, 2008 12:17pm
Hey guys,

Wonder if you could answer something for me quick. Gonna open a live account with IBFX, is their mini account @ 400:1 the right account? Not too worried about the leverage, just making sure that it's the pennies account.

Thanks,
Stuart
"The market giveth and the market taketh away"
  • #195
  • Nov 29, 2008 12:49pm Nov 29, 2008 12:49pm
Quoting urbanFX
Hey guys,

Wonder if you could answer something for me quick. Gonna open a live account with IBFX, is their mini account @ 400:1 the right account? Not too worried about the leverage, just making sure that it's the pennies account.

Thanks,
Stuart
Correct. That is the account I use with no problems, so far.

@steve

I'm not sure what you mean by 'in the english language' all the files are in english.
  • #196
  • Nov 29, 2008 1:16pm Nov 29, 2008 1:16pm
Thanks Verto
"The market giveth and the market taketh away"
  • #197
  • Nov 29, 2008 6:19pm Nov 29, 2008 6:19pm
Verto,

From what you wrote, you have been using the 50/20 ea for 2 months with no shutdowns on the USA session. I am curious if you have had the 250 stoploss hit on you and if so how many times?

thanks
  • #198
  • Nov 29, 2008 6:26pm Nov 29, 2008 6:26pm
Quoting toyoproxo
Verto,

From what you wrote, you have been using the 50/20 ea for 2 months with no shutdowns on the USA session. I am curious if you have had the 250 stoploss hit on you and if so how many times?

thanks
No, but I normally close out trades if I don't like the way they are looking at about levels 7-8. So... some of those probarly have been stoploss hits if I didn't do that.

Even if the EA does the trading for me I'm nearby most of the time. So it is alot more like discretionary trading than mechanical for me. IMO the stoploss for me is more of an emergency, oh sh*t I lost power or my cable went down, etc.
  • #199
  • Nov 29, 2008 9:14pm Nov 29, 2008 9:14pm
Quoting Verto
Correct. That is the account I use with no problems, so far.

@steve

I'm not sure what you mean by 'in the english language' all the files are in english.
think he means like a word/pdf file or something thats all neat and tidy explaining the system... but yeh jsut read the first posts of each thread
Grabbing the bull by the horns!
  • #200
  • Nov 29, 2008 10:28pm Nov 29, 2008 10:28pm
Verto, are you not altering the system if you close out early?
Quoting Verto
No, but I normally close out trades if I don't like the way they are looking at about levels 7-8. So... some of those probarly have been stoploss hits if I didn't do that.

Even if the EA does the trading for me I'm nearby most of the time. So it is alot more like discretionary trading than mechanical for me. IMO the stoploss for me is more of an emergency, oh sh*t I lost power or my cable went down, etc.
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