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Trading aud/nzd successfully

  • #221
  • Nov 30, 2008 7:31pm Nov 30, 2008 7:31pm
I started 35x20 EA in a $3000 demo account at IBFX on Sunday 11/23 just after the open at 7pm EDT. I let it run continuously till Friday 11/28 at 3:30pm EDT.

Beginning Lot Size: .1
Multiplication Factor: 1.6
200 Pip SL

According to the Account Equity Analyzer, maximum drawdown for the week was: $-134.64

Ending Balance for the week: $3527.06
Net: $527.06

So, it's averaging about $100 per day.

Attached is my graph. I think it's working great. Want to continue testing this week with more news and see how it performs. Plan to go live after that. Thanks for sharing Nanningbob!
Attached Image (click to enlarge)
Click to Enlarge Name: 35x20-AusNzd-.10LotsClose.gif Size: 5 KB
  • #222
  • Nov 30, 2008 7:33pm Nov 30, 2008 7:33pm
Quoting newera
I started 35x20 EA in a $3000 demo account at IBFX on Sunday 11/23 just after the open at 7pm EDT. I let it run continuously till Friday 11/28 at 3:30pm EDT.

Beginning Lot Size: .1
Multiplication Factor: 1.6
200 Pip SL

According to the Account Equity Analyzer, maximum drawdown for the week was: $-134.64

Ending Balance for the week: $3527.06
Net: $527.06

So, it's averaging about $100 per day.

Attached is my graph. I think it's working great. Want to continue testing this week with more news and see how it performs. Plan to go live after...
This isn't exactly normal results. The pair stayed in an even tighter range all last week, partly because of the holiday. I'm not so sure I'd run it 24/5 all the time.

Just my thoughts and comments.
  • #223
  • Nov 30, 2008 8:02pm Nov 30, 2008 8:02pm
Quoting newera
I started 35x20 EA in a $3000 demo account at IBFX on Sunday 11/23 just after the open at 7pm EDT. I let it run continuously till Friday 11/28 at 3:30pm EDT.

Beginning Lot Size: .1
Multiplication Factor: 1.6
200 Pip SL

According to the Account Equity Analyzer, maximum drawdown for the week was: $-134.64

Ending Balance for the week: $3527.06
Net: $527.06

So, it's averaging about $100 per day.

Attached is my graph. I think it's working great. Want to continue testing this week with more news and see how it performs. Plan to go live after...


Yes, Bob warned about this. Earlier he said that he has a friend who was running 35/20 without shutting it down on the USA session suffer 2 or 3 stop losses. I would not recommend it.
  • #224
  • Nov 30, 2008 8:05pm Nov 30, 2008 8:05pm
Quoting toyoproxo
Yes, Bob warned about this. Earlier he said that he has a friend who was running 35/20 without shutting it down on the USA session suffer 2 or 3 stop losses. I would not recommend it.
yeh i never keep the ea on while im asleep... luckily i go to bed at US start and wake up at US close
Grabbing the bull by the horns!
  • #225
  • Nov 30, 2008 8:31pm Nov 30, 2008 8:31pm
1 lose could clear days of profit, do u wanna risk that ? If u want to risk it, at least $100/day is possible. Risk VS reward. High reward = high risk. Historical records shows that US session has higher possibility of a death trade
  • #226
  • Nov 30, 2008 9:05pm Nov 30, 2008 9:05pm
Quoting waltini1
Have you had a look at all the news announcements this week? I am trying to be clever and work around announcements but there is hardly a 6 hour window available to trade.
Unless the news story affects the AUD or NZD it usually has no effect on this pair. I do not worry about the Euro session but you can have a run sometimes in the USA session.
  • #227
  • Nov 30, 2008 9:08pm Nov 30, 2008 9:08pm
Quoting Verto
This isn't exactly normal results. The pair stayed in an even tighter range all last week, partly because of the holiday. I'm not so sure I'd run it 24/5 all the time.

Just my thoughts and comments.
The Holiday clearly affected the market. We will see this again the last two weeks of December. This may not be a bad time of year to trade 24/7 but I will probably still close at the USA open.
  • #228
  • Nov 30, 2008 9:32pm Nov 30, 2008 9:32pm
Quoting nanningbob
The Holiday clearly affected the market. We will see this again the last two weeks of December. This may not be a bad time of year to trade 24/7 but I will probably still close at the USA open.

Ok, thanks to all for your input. I'm just testing to see how far I can push in a demo account. There are settings in the EA to not trade during certain hours. Do those settings work? Or do you have to physically stop the EA? I guess you would need to manually close all open trades to not be affected by the US session.
  • #229
  • Nov 30, 2008 9:34pm Nov 30, 2008 9:34pm
do you think the announcements this week and next for audnzd pushing the stop loss significantly?

should we not run ea for example tomoz when RBA rates come out?
Grabbing the bull by the horns!
  • #230
  • Nov 30, 2008 10:10pm Nov 30, 2008 10:10pm
if using demo why not let it run. watch how it reacts see the limits of the ea. i have been opening this ea as soon as US closes and closing the ea Just before US opens for the last few days. Have had GREAT returns. i will continue to do this even on news days to see how it reacts. if all goes well during good news and bad then great. if not we will know to stand aside during these news events. I say run it just to see. if live then stand aside. can't be hurt if not in market.

but love the ea so far GREAT JOB

I can just let this thing run while i work on the 4hr 5ema system
  • #231
  • Dec 1, 2008 2:00am Dec 1, 2008 2:00am
Quoting desi
There are 2 EA's, one only open Buy orders and other only Sell orders. Both are attached to 2 seperate chatrs for the same currency pair.
Buy only EA:
If first order opened at say 'A' and price goes 20 pips down, second buy order opened at 'A-20'. If further down, third Buy order at 'A-40' and so on. Each Buy order is higher lot size than the previous order by the multiplication factor. Now when the price retraces by 35 pips at any level, profit is booked and all Buy postions closed and the EA starts all over again.
Same for Sell order EA. Both...
Thanks for the clarity. One more question. Using the multiplier, I understand that when a single TP is hit for a long or short the winning TP covers all the previous multiples of 20 FOR THAT long or short.

However, assuming the D1 moving average has been crossed, there will be trades opened by both the buy and sell EAs operating at the same time.

Now, when a TP is hit (Buy or Sell EA), ALL open trades are closed for both EAs. So how does the method assure that the winning trade covers all previous open trades for BOTH EAs?

I hope that question makes sense.

Thanks

Andy
  • #232
  • Dec 1, 2008 2:27am Dec 1, 2008 2:27am
Quoting drandycollings
Thanks for the clarity. One more question. Using the multiplier, I understand that when a single TP is hit for a long or short the winning TP covers all the previous multiples of 20 FOR THAT long or short.

However, assuming the D1 moving average has been crossed, there will be trades opened by both the buy and sell EAs operating at the same time.

Now, when a TP is hit (Buy or Sell EA), ALL open trades are closed for both EAs. So how does the method assure that the winning trade covers all previous open trades for BOTH EAs?

I hope that question...
Each set of buys and each set of sells has a different order number. In the code it is called a magic number. So if a sell closes it closes all the sells because they all have the same magic number. The buys will not close because they have a different magic number. This is how the EA and your MT4 company keeps the orders separate. That is why you have to have one chart for sells and one chart for buys so you can assign each group a different magic number to keep the orders separate. Good question.
  • #233
  • Dec 1, 2008 2:34am Dec 1, 2008 2:34am
Quoting newera
Ok, thanks to all for your input. I'm just testing to see how far I can push in a demo account. There are settings in the EA to not trade during certain hours. Do those settings work? Or do you have to physically stop the EA? I guess you would need to manually close all open trades to not be affected by the US session.

I manually close the trades because I look for the best exit. The settings do work but if you set it for a 5:00 close the best or most profitable close time maybe 5:05 one day and 4:48 the next or even 6:30. However, you can test it out and see.
  • #234
  • Dec 1, 2008 2:38am Dec 1, 2008 2:38am
Quoting whitegoodman
do you think the announcements this week and next for audnzd pushing the stop loss significantly?

should we not run ea for example tomoz when RBA rates come out?
I would be careful around those news stories, These could move or cause a trend of over 200 pips but I dont know. Have not worked with this currency long enough to know.
  • #235
  • Dec 1, 2008 3:23am Dec 1, 2008 3:23am
This week the Reserve Banks of New Zealand and Australia, the ECB and the Bank of England are all due to make interest rate announcements and all are forecast to cut. First up is Australia on Tuesday and the consensus has it that the RBA will cut 75bps to 4.50%. New Zealand’s central bank is forecast to cut 150bps to 5.00% on Wednesday. On Thursday the Europeans step up with the Bank of England forecast to cut 100 bps to 2.00%, followed closely by the ECB with the consensus being a 50bps cut to 2.75%. Watch out for high volatility immediately after the announcements and the best trading opportunities are when the numbers come in contrary to expectations.

This is why this currency bounces like it does. The aud and nzd will both cut rates at the same time. How this will affect the AUD/NZD is they probably both will bounce up and down a great deal but I dont know. Just my best guess. Maybe on tues the aud will make it go up and on wed the nzd will make it go down. But we need to be careful and hour before and after these announcements.
  • #236
  • Dec 1, 2008 3:25am Dec 1, 2008 3:25am
Quoting nanningbob
This is why this currency bounces like it does. The aud and nzd will both cut rates at the same time. How this will affect the AUD/NZD is they probably both will bounce up and down a great deal but I dont know. Just my best guess. Maybe on tues the aud will make it go up and on wed the nzd will make it go down. But we need to be careful and hour before and after these announcements.
as someone said previously it may be wise to demo test these periods tomorrow and leave the live account on standby...
Grabbing the bull by the horns!
  • #237
  • Dec 1, 2008 3:28am Dec 1, 2008 3:28am
Bob,

Slightly off topic, but I would like to play around with this in a few other individual currencies. Would you be so kind as to explain how you pick your TP, levels to trade etc.

Thanks again for a great system!

Stuart
"The market giveth and the market taketh away"
  • #238
  • Dec 1, 2008 3:32am Dec 1, 2008 3:32am
[quote=nanningbob;2386445]This week the Reserve Banks of New Zealand and Australia, the ECB and the Bank of England are all due to make interest rate announcements and all are forecast to cut. First up is Australia on Tuesday and the consensus has it that the RBA will cut 75bps to 4.50%. New Zealand’s central bank is forecast to cut 150bps to 5.00% on Wednesday. On Thursday the Europeans step up with the Bank of England forecast to cut 100 bps to 2.00%, followed closely by the ECB with the consensus being a 50bps cut to 2.75%. Watch out for high volatility immediately after the announcements and the best trading opportunities are when the numbers come in contrary to expectations.

This is why this currency bounces like it does. The aud and nzd will both cut rates at the same time. How this will affect the AUD/NZD is they probably both will bounce up and down a great deal but I dont know. Just my best guess. Maybe on tues the aud will make it go up and on wed the nzd will make it go down. But we need to be careful and hour before and after these announcements.[/quote



NanningBob,

I will always adhere to your advice. I just started to run this ea live today. Do you think this is a week to stay out of? I would hate to hit a stop so early in my trading. FYI, I am following your rules of staying out of the USA session but from what I am reading this might not be enough this week.
  • #239
  • Edited 4:04am Dec 1, 2008 3:53am | Edited 4:04am
anyone know if Dec 25 is a trading day ? I saw last year Dec 25 doesn't have any candle. Any idea ?

Quoting whitegoodman
as someone said previously it may be wise to demo test these periods tomorrow and leave the live account on standby...
U don't even need to demo rate cut simply becoz

1. Spread gonna go at least 100+ pips spread (Last month, i saw retail sales news goes to 100 pips spread. Rate cute gonna have more for sure)
2. If u don't exit before that, the number of pips between the last trade and the new one is no longer around 20 pips. If it goes higher than 35 pips, there is a high chance u gonna get a losing trade once it TP.
3. Time off for about 1/2 hour - 1 h during this period, what is so hard about that ?
  • #240
  • Dec 1, 2008 3:55am Dec 1, 2008 3:55am
Quoting forexisfx
anyone know if Dec 25 is a trading day ? I saw last year Dec 25 doesn't have any candle. Any idea ?
according to forexfactory calendar the 25th and 26th are banking holidays
Grabbing the bull by the horns!
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