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Trading aud/nzd successfully

  • #521
  • Dec 10, 2008 5:21am Dec 10, 2008 5:21am
Ha anyone tried AUDCAD with this setting. It's movement looks fairly reasonable.
"Put all your efforts in becoming effortless"
  • #522
  • Dec 10, 2008 5:39am Dec 10, 2008 5:39am
Quoting toyoproxo
Which account setting is doing good and which one is losing?
Actually I was winning with the higher set .20 and then I decided to play conservative .05 and went to the lower settings so my account wouldnt go bust. Well, after three hits its down but not out. I am going to try to get it back to even so my other account will be all profit to me. If I cant then I will put 1500 in it and play the 100x80. I have a battle plan that has worked great for two weeks now and has kept my margin usage low.
  • #523
  • Dec 10, 2008 5:40am Dec 10, 2008 5:40am
Quoting IamTHAT
Ha anyone tried AUDCAD with this setting. It's movement looks fairly reasonable.
I have, you need good margin for it will make runs up to the 200+ range. It uses more range than the Aud/Nzd
  • #524
  • Dec 10, 2008 5:46am Dec 10, 2008 5:46am
Quoting IamTHAT
Ha anyone tried AUDCAD with this setting. It's movement looks fairly reasonable.
Yes ...the movement looks fairly good for this strategy. Maybe the same settings would work ...i'll try it on a demo acc.
  • #525
  • Dec 10, 2008 6:05am Dec 10, 2008 6:05am
Quoting nanningbob
Actually I was winning with the higher set .20 and then I decided to play conservative .05 and went to the lower settings so my account wouldnt go bust. Well, after three hits its down but not out. I am going to try to get it back to even so my other account will be all profit to me. If I cant then I will put 1500 in it and play the 100x80. I have a battle plan that has worked great for two weeks now and has kept my margin usage low.
Do u think 100X80 on 17 pairs is "safer" to trade than trading 50X15 on AUDNZD? Account size is not an issue to me but capital preservation is of higher priority. Before Dec. was very good to trade AUDNZD but now i don't think so and was thinking of going for "safe haven" when the spread on AUDNZD settle down.

What's ur opinion on 100X80[17 pairs] VS 50X15[AUDNZD] in the current market ?
  • #526
  • Dec 10, 2008 6:15am Dec 10, 2008 6:15am
Quoting nanningbob
I have, you need good margin for it will make runs up to the 200+ range. It uses more range than the Aud/Nzd
Thanks Bob ...will have to experiment with the settings to handle the greater range.

Interested in exploring a few options for the AUDNZD strategy.
  • #527
  • Dec 10, 2008 6:18am Dec 10, 2008 6:18am
im actually still finding the 35x20 the best in terms of risk and profit as i never run it into US session generally. its up 55% in bout 10 trading days
Grabbing the bull by the horns!
  • #528
  • Dec 10, 2008 6:24am Dec 10, 2008 6:24am
I'm running both Aud/Nzd and Aud/Cad on the 35x25, 1.8 multiplication, 7 levels, 225 stop loss.

Started it 7pm EST on Sunday and it has run continously and performed beautifully so far.
  • #529
  • Edited 6:42am Dec 10, 2008 6:26am | Edited 6:42am
Quoting nanningbob
If it doesnt settle I think the 50x15 or 50x10 or some version where we have more entry levels taking profit will be able to defeat he higher pip spreads. Only testing will tell. I have two live accounts one is making as much money as the other is losing errrrrrrrrrrr one is losing as much money as one is making errrrrrrrrrr.

For those guys who have been following me for a while, my quest to have an EA work with 250 bucks is still out of reach. I got bopped monday and then I didnt have enough margin to handle the deeper trades this week so the...
Bob
I've been trading the 50/15 nonstop (24/5) since 11/23 default settings and have grown $3000 to $3640. No stoploss hit yet but have come close three or four times. This week even with wider spreads, I'm up $134 as of wed. am..
  • #530
  • Dec 10, 2008 6:34am Dec 10, 2008 6:34am
I'll tell you how we could probably squeeze more profit out of these EA's. Come up with a close all function (for when EA takes profit) that would close all buys or sells immediately instead of consecutively. At the end of the week I'm going to add up the number of pips difference this would make. You might say slippage could go either way but at a glance, I think it's hurting us more than helping us.
  • #531
  • Dec 10, 2008 7:05am Dec 10, 2008 7:05am
Quoting Toothman
I'll tell you how we could probably squeeze more profit out of these EA's. Come up with a close all function (for when EA takes profit) that would close all buys or sells immediately instead of consecutively. At the end of the week I'm going to add up the number of pips difference this would make. You might say slippage could go either way but at a glance, I think it's hurting us more than helping us.
I have seen it go both ways so I have not complained. Even if we have a close all wouldnt it still just close them one at a time like the EA does now?? I know my close all I use will sometimes close everything immediately and other times it seems to take forever. I know I cant use my close all on two different demos at the same time because they seem to interfere with each other. Doesnt make sense to me but it seems to do that. Let me know what you think.
  • #532
  • Dec 10, 2008 7:11am Dec 10, 2008 7:11am
Quoting Toothman
Bob
I've been trading the 50/15 nonstop (24/5) since 11/23 default settings and have grown $3000 to $3640. No stoploss hit yet but have come close three or four times. This week even with wider spreads, I'm up $134 as of wed. am..
I was trading the 50x15 but it always seemed to be hanging on the edge waiting to take profit. With the increase spreads I still feel that way but again it always performed well. I like the 35 better because if I was on a edge of your seat trade 35 pips can happen in a matter of a minute and problem gone. Going for 50 was a more agonizing wait. The bottom line is they both work well but not on 250 bucks, still chasing that dream of placing in the IBFX contest. I should just put a thousand in both my live accounts and trade. I probably would make more money than trying to win a dumb contest. What I like about the 35x20 is I can play with higher lot amounts than the 50x15. Good luck
  • #533
  • Dec 10, 2008 8:22am Dec 10, 2008 8:22am
Quoting nanningbob
[...]they both work well but not on 250 bucks, still chasing that dream of placing in the IBFX contest. I should just put a thousand in both my live accounts and trade.
That's odd. My impression was that my small 250$ account performs way better than the bigger one. Of course in comparison the ROI is greater on the small account since you trade the same lotsize. But growth has been pretty smooth sofar even after starting at 130$.
I'm now up 92% from my lowest balance and at break even after the big hit.
  • #534
  • Dec 10, 2008 9:30am Dec 10, 2008 9:30am
With a $250 account .01 lots at Interbankfx would work fine. Any more than that would be suicidal and result in a margin call.
  • #535
  • Dec 10, 2008 2:15pm Dec 10, 2008 2:15pm
Spread has been 16 to over 20 for the US session. Even though I ran the EA an made some money, can't push it at these high spreads, and have shut it down. With this EA and the 100X80 EA, have gotten back the money I lost last week when everything went crazy. Sure hope the spread settles back down to 14, because this EA works great at that level.

Does anyone know what I do to segregate out the profit/loss made on each pair on IBFX? I think there's a way to do it, but I don't see it in the "help" files. I trade lots of different things and use this EA and another on one account, and want to know how much each pair has made.
  • #536
  • Edited 2:42pm Dec 10, 2008 2:37pm | Edited 2:42pm
Quoting paradoxical
Spread has been 16 to over 20 for the US session. Even though I ran the EA an made some money, can't push it at these high spreads, and have shut it down. With this EA and the 100X80 EA, have gotten back the money I lost last week when everything went crazy. Sure hope the spread settles back down to 14, because this EA works great at that level.

Does anyone know what I do to segregate out the profit/loss made on each pair on IBFX? I think there's a way to do it, but I don't see it in the "help" files. I trade lots of different things and use...

Right click in the transaction history window, check to show comments. You should see MyMEFxEA352035 by the 35x20 EA transactions.
  • #537
  • Dec 10, 2008 4:43pm Dec 10, 2008 4:43pm
Quoting toyoproxo
With a $250 account .01 lots at Interbankfx would work fine. Any more than that would be suicidal and result in a margin call.
The purpose of entering a contest is to win. Not going to win at .01
  • #538
  • Dec 10, 2008 5:19pm Dec 10, 2008 5:19pm
Thanks Newera. What I want to do is to see the P/L totals on each pair. Such as EUR/CAD for example. Want to know how much I made or lost on just that pair for the last day/week without having to total it myself. Is that possible?
Quoting newera
Right click in the transaction history window, check to show comments. You should see MyMEFxEA352035 by the 35x20 EA transactions.
  • #539
  • Dec 10, 2008 5:49pm Dec 10, 2008 5:49pm
The problem with the Aud/Cad, Eur/Cad etc with this system is they will have runs up and down that go outside the range of the EA. I did the Eur/Cad for about two weeks and I made money but I also had 3 hits during that time and it was aggravating. I had to always stay on top whereas the Aud/Nzd likes to have its retracements every day. Here is a pick showing a run down and run up that would beat the system both ways.
Attached Image (click to enlarge)
Click to Enlarge Name: aud cad 1h.gif Size: 18 KB
  • #540
  • Dec 10, 2008 5:54pm Dec 10, 2008 5:54pm
Quoting nanningbob
I have seen it go both ways so I have not complained. Even if we have a close all wouldnt it still just close them one at a time like the EA does now?? I know my close all I use will sometimes close everything immediately and other times it seems to take forever. I know I cant use my close all on two different demos at the same time because they seem to interfere with each other. Doesnt make sense to me but it seems to do that. Let me know what you think.
Bob
I'm not talking about a separate close all. I'm referring to when the EA closes at a take profit point. Right now it closes one order at a time and takes several seconds to close all of them especially when you are 6-10 levels deep. I'm wondering if someone could add some language to the EA that would close all buys or sells instantly at the same price when the highest level takes profit . I think over all this will make us more profit. Some of these orders are closing 20-25 pips apart and I would bet more times than not, the price has moved against us.
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