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Trading aud/nzd successfully

  • #261
  • Dec 1, 2008 6:34pm Dec 1, 2008 6:34pm
Thanks, Verto.
Quoting Verto
You have to also remember that the pip value for Eur/gbp is alot more than it is for aud/nzd in us dollars. a pip in aud/nzd is 0.53$ while eur/gbp is 1.49$
  • #262
  • Dec 1, 2008 9:13pm Dec 1, 2008 9:13pm
hi bob,

A question. You were saying that 100/40 is running on the slowest currencies. Are you trading both ways using 100/40?
  • #263
  • Dec 1, 2008 9:59pm Dec 1, 2008 9:59pm
Quoting joeTrue
hi bob,

A question. You were saying that 100/40 is running on the slowest currencies. Are you trading both ways using 100/40?
no that is a trend following system, different thread.
  • #264
  • Dec 1, 2008 10:36pm Dec 1, 2008 10:36pm
The account is now showing $701.40 up another 10% of original equity. Margin level 21532.31%.

Cheers

30 minutes saw a sudden extended move up after the Cash Rate announcement for AUD of 4.25%. This 30 minute move up took out the down move of the last 3 over hours. Good so far but keeping an eye on the moves to get out if the rollercoaster ride becomes too uncomfortable! Enjoy the ride everybody until it is time to leave!
  • #265
  • Dec 1, 2008 11:07pm Dec 1, 2008 11:07pm
Quoting Trader7
The account is now showing $701.40 up another 10% of original equity. Margin level 21532.31%.

Cheers

30 minutes saw a sudden extended move up after the Cash Rate announcement for AUD of 4.25%. This 30 minute move up took out the down move of the last 3 over hours. Good so far but keeping an eye on the moves to get out if the rollercoaster ride becomes too uncomfortable! Enjoy the ride everybody until it is time to leave!
I was expecting more volatility from the rate cut. It looks kinda small volatility compare to the previous rate cut.
  • #266
  • Dec 1, 2008 11:09pm Dec 1, 2008 11:09pm
Quoting forexisfx
I was expecting more volatility from the rate cut. It looks kinda small volatility compare to the previous rate cut.
Yup, I'd say this rate cut was priced it much earlier than the previous one. EVERYONE and their grandma knew this was coming so we saw very little volatility that was why I decided to run the EA through the news. Nothing all that exciting.
  • #267
  • Dec 1, 2008 11:12pm Dec 1, 2008 11:12pm
Quoting Trader7
The account is now showing $701.40 up another 10% of original equity. Margin level 21532.31%.

Cheers

30 minutes saw a sudden extended move up after the Cash Rate announcement for AUD of 4.25%. This 30 minute move up took out the down move of the last 3 over hours. Good so far but keeping an eye on the moves to get out if the rollercoaster ride becomes too uncomfortable! Enjoy the ride everybody until it is time to leave!
I did not play the first news announcement but did turn it on for the second. The market moved so fast that the EA could not place orders but the ones placed before the news all hit their TP so made a quick 15 dollars on all my accounts. It then settled and we will see how the day goes.

On another note I played all day yesterday. I assumed that with the major news stories the market would not move much on this pair and it didnt however it did drift north all day and I went all the way to the 7th level. There it bounced until the news announcements. I played with the idea of taking a small loss and closing my trades but I decided to hang in there. After almost 12 hours with the same trades I went ahead and took the small loss but still increased my account over 5% for the day. The truth is If I had taken the small profit before it entered the 7 level I could have played the 12 hour bounce range and probably would have made some more. Of course there is no real way of knowing that but sometimes taking the small profit or loss ends up being the best course of action because you have the full range of the EA all over again. Wish I could come up with a nice rule for that but dont know of one for now. I simplydo not know how to predict SLOW MARKET AHEAD close all trades and restart.
  • #268
  • Dec 1, 2008 11:14pm Dec 1, 2008 11:14pm
Quoting nanningbob
I did not play the first news announcement but did turn it on for the second. The market moved so fast that the EA could not place orders but the ones placed before the news all hit their TP so made a quick 15 dollars on all my accounts. It then settled and we will see how the day goes.

On another note I played all day yesterday. I assumed that with the major news stories the market would not move much on this pair and it didnt however it did drift north all day and I went all the way to the 7th level. There it bounced until the news announcements....
I took a larger loss and actually ended down on yesterday about 20$ but that was quickly made up today then most recently tonight. I didn't like the seventh level trade though and got out of that one with the pair drifting north. I wish there was a way for us to tell as well, but you never know. All in all most of the time this EA is very profitable so I can manage a slow day.... once or twice a month .
  • #269
  • Dec 2, 2008 5:06am Dec 2, 2008 5:06am
I made 50$ on a 500$ account trading from 0GMT to US Open last week.
Now I have decided to run the EA the whole week just for comparison.
I'm already up another 40$ bringing my account to 590$ ( 18% ROI in 6-7 days).
  • #270
  • Dec 2, 2008 5:14am Dec 2, 2008 5:14am
Quoting Tjpld
I made 50$ on a 500$ account trading from 0GMT to US Open last week.
Now I have decided to run the EA the whole week just for comparison.
I'm already up another 40$ bringing my account to 590$ ( 18% ROI in 6-7 days).
max drawdown?
Grabbing the bull by the horns!
  • #271
  • Dec 2, 2008 5:21am Dec 2, 2008 5:21am
2%. I noticed that the pair is trending a bit to the upside which is not ideal. But the EA still seems to perform very well. After all this is just for testing and familiarization.
  • #272
  • Dec 2, 2008 5:26am Dec 2, 2008 5:26am
Quoting Tjpld
2%. I noticed that the pair is trending a bit to the upside which is not ideal. But the EA still seems to perform very well. After all this is just for testing and familiarization.
its is important to be familiar with it and the volatility in certain sessions etc and adopting it to ur own risk tolerance... ill be going live week after next, jsut need to get rid of my damn blue screen of deaths first..
Grabbing the bull by the horns!
  • #273
  • Dec 2, 2008 6:55am Dec 2, 2008 6:55am
Hi All,

Well in the spirit of the thread, here is my trade since last week Monday. This is a $5k account trading dimes. I also started trading a $250 account yesterday with 0.02 lots and I'm up about 7% so far. I'll let you know how it carries on. Max DD on the 5k accoun has been about 2% and about 10% on the $250 account

Stuart
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
"The market giveth and the market taketh away"
  • #274
  • Dec 2, 2008 6:58am Dec 2, 2008 6:58am
I love the way ideas are shared in this thread.I just discovered that EA really work because i never believed in EA.I trade only 1min/5min on breakouts.But now i believe that EA really works.Is there any good programmer in here ?I'v got a different entry any exit strategy based on bollinger bands breakout and I trade using bollinger bands and MACD alone.I guess it's the simplest trading strategy.I have attached a trade statment.Any good programmer around to enable me create an EA for this strategy.It can make %100-%120 WORTH OF PROFIT every week.
Attached File(s)
File Type: txt statement.txt   4 KB | 298 downloads
  • #275
  • Dec 2, 2008 7:59am Dec 2, 2008 7:59am
Hello,
Why my EA is close some trades in negative look the first picture, that is normal (i dont see -200 of stop loss).

And the second picture show all trades in negative (live trade) sometime this live trade are the same at the wining trades on the history, that is normal?

thanks a lot.
and sorry my english is not good.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: history.jpg Size: 628 KB
Click to Enlarge Name: trade.jpg Size: 558 KB
  • #276
  • Dec 2, 2008 8:25am Dec 2, 2008 8:25am
I actually asked this question earlier in this thread
That is the way the EA was designed, say you hit the TP on a sell trade, all the sell trades are closed and you begin again from the first level. So yes, some trades do close for a loss, but overall you do gain a profit.

As for all the trades sometimes being negative, this is completely normal due to the large spread on this pair. Remember, when a trade begins you will need to move 14 pips before you begin to see a profit.

Hope this answered your questions.

Stuart

Quoting altezza.cl
Hello,
Why my EA is close some trades in negative look the first picture, that is normal (i dont see -200 of stop loss).

And the second picture show all trades in negative (live trade) sometime this live trade are the same at the wining trades on the history, that is normal?

thanks a lot.
and sorry my english is not good.
"The market giveth and the market taketh away"
  • #277
  • Dec 2, 2008 9:37am Dec 2, 2008 9:37am
Quoting urbanFX
Hi All,

Well in the spirit of the thread, here is my trade since last week Monday. This is a $5k account trading dimes. I also started trading a $250 account yesterday with 0.02 lots and I'm up about 7% so far. I'll let you know how it carries on. Max DD on the 5k accoun has been about 2% and about 10% on the $250 account

Stuart
Urban, do you avoid the US session?Trading dimes,what's your leverage?


Charles
  • #278
  • Dec 2, 2008 9:45am Dec 2, 2008 9:45am
I do avoid the US session, but not totally. Depending on my positions I may trade in the US session for an hour or two.

The leverage on my 5k account is 100:1 and 400:1 on the 250 account

Stuart

Quoting Charlyeze
Urban, do you avoid the US session?Trading dimes,what's your leverage?


Charles
"The market giveth and the market taketh away"
  • #279
  • Dec 2, 2008 10:09am Dec 2, 2008 10:09am
Hi everybody,

Last night's news didn't affect movements that much, but what are you thinking about tonight/tomorrow morning?

What about trading times, avoiding news time? Impact?

Cheers

Archie
  • #280
  • Dec 2, 2008 10:39am Dec 2, 2008 10:39am
has anyone played around with the usetradinghours feature?
"The market giveth and the market taketh away"
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