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Trading aud/nzd successfully

  • #461
  • Dec 8, 2008 4:59pm Dec 8, 2008 4:59pm
what settings are the 50x15?

multiplication?
levels?
SL?
Grabbing the bull by the horns!
  • #462
  • Dec 8, 2008 5:00pm Dec 8, 2008 5:00pm
Hi,

Which settings are you using for the 50x15, and on which pairs? TF? So you would recommend this EAs instead of 35x25 / 35x20?

Cheers!

Quoting nanningbob
My second live account I am using a 50x15 and it also was shut down during the night because I lost my internet connection. However it is much more profitable than the 35x25 or 35 x20. This is my answer to the higher spreads. More levels taking profit. Its first day of testing was stellar. Despite the hits, lost internet connection, and widening spreads it came in with a 54.00 profit. Indeed worth looking at. Again this is live testing not a demo. I have attached the chart and the two EA for testing on your part.
  • #463
  • Dec 8, 2008 5:04pm Dec 8, 2008 5:04pm
Quoting Tjpld
I'm wondering if the modifications added for the 35x25 come at the cost of performance (broader range etc.). Sorry if that's a stupid question.
Have to start going the original HG Thread which will take some time.
No it is a good question. Whenever you make adjustments you sacrifice one area to improve another. It all comes down to risk to reward ratios. What are you willing to tolerate to get x profit.
  • #464
  • Dec 8, 2008 5:06pm Dec 8, 2008 5:06pm
Quoting Archie
Hi,

Which settings are you using for the 50x15, and on which pairs? TF? So you would recommend this EAs instead of 35x25 / 35x20?

Cheers!
See the previous post, it is all based on risk to reward ratios. I will test more before I recommend. It is the first day for both of these EAs to be tested, to make a conclusion would be foolish at this point.
  • #465
  • Dec 8, 2008 5:07pm Dec 8, 2008 5:07pm
Quoting whitegoodman
what settings are the 50x15?

multiplication?
levels?
SL?
Please reread the post, it is in there.
  • #466
  • Dec 8, 2008 5:08pm Dec 8, 2008 5:08pm
Quoting Tjpld
Seems like the biggest profits are made when US closes. Anyone else has that impression?
That is when the Aud Nzd markets open. A very dangerous time to trade.
  • #467
  • Dec 8, 2008 5:17pm Dec 8, 2008 5:17pm
Thanks, my eyes must have somewhere else. What are your opinions on trading the EA 24/5?
  • #468
  • Dec 8, 2008 5:27pm Dec 8, 2008 5:27pm
Quoting Archie
Thanks, my eyes must have somewhere else. What are your opinions on trading the EA 24/5?
Again as long as it does the 3-4 line and reverse thing your fine, however as some of us found out yesterday, it can go more than that. Which I already knew. It does that sometimes during the 1st 4 hours of the Aud Nzd sessions. Other times of the day less frequent. What is the recovery time of a hit, well for the 50x15 it was less than a day. The others will take longer. As long as the Aud/Nzd does its bouncing thing, these EAs will be profitable. If it ever makes a fundamental change, like the Eur/Gbp has then we will have to adjust. The 50x15 is my answer to the higher spreads. When the market changed I adjusted.

Get out of the thinking that you can trade and be static. Wont work, as the market changes we change with it.
  • #469
  • Dec 8, 2008 5:46pm Dec 8, 2008 5:46pm
Get out of the thinking that you can trade and be static. Wont work, as the market changes we change with it.[/quote]


I need to imprint this in my brain. With the economy going crazy I think it is very hard to trade successfully right now. Let's just hope the auto bailout goes threw or else we will be in deep ....
  • #470
  • Dec 8, 2008 5:53pm Dec 8, 2008 5:53pm
Quoting toyoproxo
Get out of the thinking that you can trade and be static. Wont work, as the market changes we change with it.

I need to imprint this in my brain. With the economy going crazy I think it is very hard to trade successfully right now. Let's just hope the auto bailout goes threw or else we will be in deep ....[/quote]

You got that right about trading successfully. Man it is like I have to change every couple of weeks. However, the more I have shared the more profitable I have become. As people share their experiences I get to learn faster and adjust.
  • #471
  • Dec 8, 2008 6:17pm Dec 8, 2008 6:17pm
Quoting nanningbob
I need to imprint this in my brain. With the economy going crazy I think it is very hard to trade successfully right now. Let's just hope the auto bailout goes threw or else we will be in deep ....
You got that right about trading successfully. Man it is like I have to change every couple of weeks. However, the more I have shared the more profitable I have become. As people share their experiences I get to learn faster and adjust.[/quote]

Your perseverance is greatly appreciated here. I just wish hindsight was not 20/20. Can you imagine how much money we could have made with the 35/20 on eur/gbp befoe the economy collapse. We could have been making a fortune for years. The same thing could have been said about the original 100/40.
  • #472
  • Dec 8, 2008 10:08pm Dec 8, 2008 10:08pm
When you draw fib pivots on the audnzd chart, we can observe that The audnzd respects the support and resistance lines. It does not go beyond S3 and R3 lines during the day. Due to its quick movement the price may just go up by 20 pips +/- of S3 or R3 if it goes till those extremes. Yesterday too the price did not go up much beyond the R3 line and returned back to Somewhere between R1 and daily pivot.

By calculating the difference between the price when we start the ez and the extremes of R3 and S3 we can fix the multiplier Grid step and the profit level for each trade.
  • #473
  • Edited 11:17pm Dec 8, 2008 11:03pm | Edited 11:17pm
This experience I am having for the second time on my live account:

My 8th level trade closed now which should have produced good profits. To my bad luck I found out that total result was a loss since, by the all other positions closed there was drop of 12 pips! How to avoid this? I am using a multiplication 1.6.

There was one more EA mentioned couple of days ago in this thread (Bless ??) which I am running on a demo. It has got a feature where TP of previous position in the line are automatically changed to the topmost TP (Hope I have got it right). I think it is a good feature.
Hope Bob would respond to this.
"Put all your efforts in becoming effortless"
  • #474
  • Edited 11:35pm Dec 8, 2008 11:35pm | Edited 11:35pm
Yes, you are right.
You can also set the profit target as a percentage of equity and then the EA closes automatically once the target is hit. The EA can be restarted automatically after that or manually. A lot of features it offers!!!
  • #475
  • Dec 8, 2008 11:39pm Dec 8, 2008 11:39pm
Quoting simplecoders
Yes, you are right.
You can also set the profit target as a percentage of equity and then the EA closes automatically once the target is hit. The EA can be restarted automatically after that or manually. A lot of features it offers!!!
Thanks for your reply.

Is it different in anyway in functioning, from the one we are using now?
Is it a single EA for both Buy and Sell?
"Put all your efforts in becoming effortless"
  • #476
  • Dec 9, 2008 12:12am Dec 9, 2008 12:12am
Imagine having unlimited level and only need small retract and u get an EA that never lose ? U can switch on ur EA for a year and watch ur money grow ? U can make something like this on demo account just for fun.
  • #477
  • Dec 9, 2008 12:18am Dec 9, 2008 12:18am
Quoting forexisfx
Imagine having unlimited level and only need small retract and u get an EA that never lose ? U can switch on ur EA for a year and watch ur money grow ? U can make something like this on demo account just for fun.
with deep enough pockets you could design one that could do that....

no stop loss and do say 120x150 or something... just turn on and come back a year later...however ud still have to turn it off before friday close as re-entries will get screwed up if it gaps
Grabbing the bull by the horns!
  • #478
  • Dec 9, 2008 12:21am Dec 9, 2008 12:21am
Quoting whitegoodman
with deep enough pockets you could design one that could do that....

no stop loss and do say 120x150 or something... just turn on and come back a year later...however ud still have to turn it off before friday close as re-entries will get screwed up if it gaps
i was thinking of rather 55X10, x1.2, lot0.03, max trade 30, no stop loss (need monitoring). Run on $3000 account

if u run this setting from Nov till now, u never loss. Once u build up ur money, keep adding to max trade +1 every +$500 and u really never lose at all.

However, the down side is something really goes wrong, u lose the whole account.

Further imagine this. If this goes well without getting blow up in a month or more, u can build up ur max trade to a stage where it gets impossible to hit.
  • #479
  • Dec 9, 2008 12:32am Dec 9, 2008 12:32am
Quoting forexisfx
Imagine having unlimited level and only need small retract and u get an EA that never lose ? U can switch on ur EA for a year and watch ur money grow ? U can make something like this on demo account just for fun.
Unlimited martingale has been tried by thousands of traders. Doesnt work. There will always be a scenario that will kill the account. What I have done is limit the martingale affect so occasionally you take a loss but most of the time your are profitable. The key is to control your greed, if you dont control that you will bomb out.
  • #480
  • Dec 9, 2008 12:35am Dec 9, 2008 12:35am
Quoting forexisfx
i was thinking of rather 55X10, x1.2, lot0.03, max trade 30, no stop loss (need monitoring). Run on $3000 account

if u run this setting from Nov till now, u never loss. Once u build up ur money, keep adding to max trade +1 every +$500 and u really never lose at all.

However, the down side is something really goes wrong, u lose the whole account.

Further imagine this. If this goes well without getting blow up in a month or more, u can build up ur max trade to a stage where it gets impossible to hit.
Yes I was playing with Frostcalls excel last night plugging in 50x10 figures. They looked good, the 50x15 us similar concept. Good ideas and good thinking.

You must remember you must always have a loss limit you are willing to bear. It may happen once or twice a month but it will happen. Just be willing to accept that occasional loss and you can be a winner.
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