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Trading aud/nzd successfully

  • #281
  • Dec 2, 2008 11:05am Dec 2, 2008 11:05am
Hi,

Yes, I chose one of the trading times (Asian session) and set it to start at 0 and end at 11. So far it has started at 0, but sometimes it does not end at 11, but instead continues to trade. But I most often want to close the trades manually by myself before the US open, so this has not been a problem so far.

Quoting urbanFX
has anyone played around with the usetradinghours feature?
  • #282
  • Dec 2, 2008 11:30am Dec 2, 2008 11:30am
Archie, did you only enable trading for the Asian session?

Thanks,
Stuart
"The market giveth and the market taketh away"
  • #283
  • Dec 2, 2008 12:17pm Dec 2, 2008 12:17pm
I still think you have the issue of open trades not being closed if you enable the specific trading hours. Those would have to be manually closed.

I let my demo run continuously through last night without any significant drawdown.
  • #284
  • Dec 2, 2008 4:38pm Dec 2, 2008 4:38pm
Hi,

Yes, I only enabled time setting for the asian session. But newera is correct, the EA has not closed any trades automatically when the trading session was over. I had to do this manually, and I prefer to do it that way. But it would be nice to have that option in the EA either way. Would be great if this could be fixed.

How is everybody trading tonight, considering news?

Happy trading!

Archie

Quoting urbanFX
Archie, did you only enable trading for the Asian session?

Thanks,
Stuart
  • #285
  • Dec 3, 2008 6:21am Dec 3, 2008 6:21am
Looks like there was absolutely zero movement today on the Aud/nzd.
  • #286
  • Dec 3, 2008 6:34am Dec 3, 2008 6:34am
Quoting toyoproxo
Looks like there was absolutely zero movement today on the Aud/nzd.
quite the contrary a big move up which got me to the last level then it moved back down to take it.
Grabbing the bull by the horns!
  • #287
  • Dec 3, 2008 6:40am Dec 3, 2008 6:40am
Quoting urbanFX
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
urbanfx is it possible to use 1:200 leverage on a 250 account to run this EA ?
  • #288
  • Dec 3, 2008 6:45am Dec 3, 2008 6:45am
Hi All,

This is a great thread ...on a demo account I have grown an account from 35k to 46k in 6 days (or 29%) with the 35x20 AUDNZD system ...but i wish to get a good handle on the risk factor.

The demo account is at IBFX which has a spread of 14 pips on the AUDNZD.

Is it that the 35x20 will close all trades in a cycle ...i.e. buy or sell cycle ...when the price moves to -20 pips away from the 7th order?

Remember though the spread of 14 pips ...or is it then -(14 + 20) = -34 pips away from the 7th order?

Regards,
JoeQ
  • #289
  • Dec 3, 2008 7:16am Dec 3, 2008 7:16am
See my post #258 for an actuasl experience of being stopped out on the EUR/GBP. Once that number one trade hits the 200 pip stop, all trades are closed.
Quoting JoeQuant
Hi All,

This is a great thread ...on a demo account I have grown an account from 35k to 46k in 6 days (or 29%) with the 35x20 AUDNZD system ...but i wish to get a good handle on the risk factor.

The demo account is at IBFX which has a spread of 14 pips on the AUDNZD.

Is it that the 35x20 will close all trades in a cycle ...i.e. buy or sell cycle ...when the price moves to -20 pips away from the 7th order?

Remember though the spread of 14 pips ...or is it then -(14 + 20) = -34 pips away from the 7th order?

Regards,
JoeQ
  • #290
  • Dec 3, 2008 7:29am Dec 3, 2008 7:29am
Quoting whitegoodman
quite the contrary a big move up which got me to the last level then it moved back down to take it.

I do not know how. I started up the platform in the Asian session as usual and as of now I still have the original buy and sell from yesterday. I have a live account at IBFX.
  • #291
  • Dec 3, 2008 7:56am Dec 3, 2008 7:56am
I am trading live on IBFX and had the following sell trades:
1.2071
1.2094
1.2115
1.2136
1.2166 * note the 10 pip slippage. Should have opened at 1.2156
1.2186, * closed out all trades when it hit 1.2151
A total of 6 levels. The high reached only 1.2190 before reversing
Quoting toyoproxo
I do not know how. I started up the platform in the Asian session as usual and as of now I still have the original buy and sell from yesterday. I have a live account at IBFX.
  • #292
  • Dec 3, 2008 8:15am Dec 3, 2008 8:15am
Quoting paradoxical
I am trading live on IBFX and had the following sell trades:
1.2071
1.2094
1.2115
1.2136
1.2166 * note the 10 pip slippage. Should have opened at 1.2156
1.2186, * closed out all trades when it hit 1.2151
A total of 6 levels. The high reached only 1.2190 before reversing
This can be damaging sometimes I found out today. My 7th level Sell trade closed out on reaching TP, but when other sell trades in the line started closing one by one, there was a spurt and the end result was a loss. This is peculiar to aud/nzd..
I am thinking whether to stop EA for a moment in such cases and close remaining trades manually.
"Put all your efforts in becoming effortless"
  • #293
  • Dec 3, 2008 9:10am Dec 3, 2008 9:10am
I suppose you could turn off the EA if you wanted to do that, but couldn't that spurt have gone the other way, too, giving you more profit? I'm not sure there's any way to predict what the market will do if you were to leave 4,5 or 6 of the sell trades open when the 7th one closes at profit.
Quoting IamTHAT
This can be damaging sometimes I found out today. My 7th level Sell trade closed out on reaching TP, but when other sell trades in the line started closing one by one, there was a spurt and the end result was a loss. This is peculiar to aud/nzd..
I am thinking whether to stop EA for a moment in such cases and close remaining trades manually.
  • #294
  • Dec 3, 2008 9:38am Dec 3, 2008 9:38am
started 11/24 trading default settings open after close of US close and Begin of US up $1,501.91 on a $7,000.00 account biggest DD was 2.05%
Attached Image (click to enlarge)
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  • #295
  • Dec 3, 2008 9:54am Dec 3, 2008 9:54am
How much are you going? .05. .10, or ? I think the amount of money made is more important than the percentage increase of an account, because if someone started with a $50,000.00 account, his perecntage increase would be much smaller than yours going the same amount you do. is
Quoting jtmoore007
started 11/24 trading default settings open after close of US close and Begin of US up $1,501.91 on a $7,000.00 account biggest DD was 2.05%
  • #296
  • Dec 3, 2008 10:23am Dec 3, 2008 10:23am
Hi,

So far so good, even though the returns today was small. But profits are always better than losses. I avoided the news ans started at 3 GMT, and movements during the day were small.

I wonder if anyone has a good DD indicator to record the largest DD, when I don't have time to be in front of the computer.

Cheers!

Archie
  • #297
  • Dec 3, 2008 11:49am Dec 3, 2008 11:49am
Quoting Archie
Hi,

So far so good, even though the returns today was small. But profits are always better than losses. I avoided the news ans started at 3 GMT, and movements during the day were small.

I wonder if anyone has a good DD indicator to record the largest DD, when I don't have time to be in front of the computer.

Cheers!

Archie

Account equity analzyer
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File Type: mq4 AccountEquityAnalyzer.mq4   13 KB | 233 downloads
  • #298
  • Dec 3, 2008 1:15pm Dec 3, 2008 1:15pm
Quoting paradoxical
How much are you going? .05. .10, or ? I think the amount of money made is more important than the percentage increase of an account, because if someone started with a $50,000.00 account, his perecntage increase would be much smaller than yours going the same amount you do. is
.05

Gross Profit:2 525.62Gross Loss:1 023.71Total Net Profit:1 501.91Profit Factor:2.47Expected Payoff:6.31 Absolute Drawdown:1.00Maximal Drawdown:165.87 (2.05%)Relative Drawdown:2.05% (165.87) Total Trades:238Short Positions (won %):114 (48.25%)Long Positions (won %):124 (58.87%)Profit Trades (% of total):128 (53.78%)Loss trades (% of total):110 (46.22%)Largestprofit trade:161.15loss trade:-47.16Averageprofit trade:19.73loss trade:-9.31Maximumconsecutive wins ($):10 (203.71)consecutive losses ($):8 (-122.19)Maximalconsecutive profit (count):223.34 (4)consecutive loss (count):-165.87 (5)Averageconsecutive wins:3consecutive losses:2
  • #299
  • Dec 3, 2008 1:28pm Dec 3, 2008 1:28pm
Quoting toyoproxo
Account equity analzyer
MAN this is what i have been looking for. thanks a million. it is huge but i love it
  • #300
  • Dec 3, 2008 3:37pm Dec 3, 2008 3:37pm
Quoting Mecman
urbanfx is it possible to use 1:200 leverage on a 250 account to run this EA ?
NO
250 is already too small even for 400:1 leverage, if you ask me.
It might work if you use much smaller lots. I'd test it out on demo first and see if you can survive all the way 7 trades and a near stoploss/stoploss hit marign wise.
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