Trading aud/nzd successfully | Page 28 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies

Trading the Waves successfully- where and how! 0 replies

Anybody here successfully trading news? 61 replies

Movie clips for trading successfully 18 replies

Trading Successfully 27 replies

Attachments: Trading aud/nzd successfully
Exit Attachments

Trading aud/nzd successfully

  • #541
  • Dec 10, 2008 9:25pm Dec 10, 2008 9:25pm
Quoting Toothman
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...
I have experienced this problem and the difference can be huge and you can end up with loss instead of profit.
Other similar EA mentioned over here (Bless ??) has that feature of closing at same price. You can test that. Moreover it is single EA for buy and sell.
"Put all your efforts in becoming effortless"
  • #542
  • Dec 10, 2008 9:45pm Dec 10, 2008 9:45pm
Quoting paradoxical
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?

The only way I know to do that is to sort the transaction history column by pair. Then, save a detailed report. On the report in your browser, right click and Select All, then Copy. Then Paste that into an Excel spreadsheet. You can manipulate the data anyway you want there. Just total the range of cells for the pair.
  • #543
  • Dec 10, 2008 9:52pm Dec 10, 2008 9:52pm
Quoting newera
The only way I know to do that is to sort the transaction history column by pair. Then, save a detailed report. On the report in your browser, right click and Select All, then Copy. Then Paste that into an Excel spreadsheet. You can manipulate the data anyway you want there. Just total the range of cells for the pair.
very queva!
Grabbing the bull by the horns!
  • #544
  • Dec 10, 2008 10:11pm Dec 10, 2008 10:11pm
Quoting IamTHAT
I have experienced this problem and the difference can be huge and you can end up with loss instead of profit.
Other similar EA mentioned over here (Bless ??) has that feature of closing at same price. You can test that. Moreover it is single EA for buy and sell.
My question then would be WHY?? I am making money using these programs. My contest account bombed but that was because I was pushing it pretty hard. My other live account took a hit on Monday but we are several hundred dollars in profit for the week. Sometimes you guys get a losing trade and you think you have to change everything. If the sell price is diving and it hits the sell TP and it keeps moving south it keeps increasing the profit and lowering the deficit. That is the more likely scenario than hitting the TP and reversing. Once price is moving in your favor why would you want to change it. Because there were times it reversed on you??? You are free to change it but I think the odds are in my favor if I keep it the way it is.
  • #545
  • Dec 10, 2008 10:36pm Dec 10, 2008 10:36pm
The account is now showing $804.12 up another 10% of original equity. Margin is 7.50. It is now well past the 50% profit milestone.

Bob, Cheers to you.

May the PIPS be with you.
  • #546
  • Dec 10, 2008 10:47pm Dec 10, 2008 10:47pm
Quoting nanningbob
My question then would be WHY?? I am making money using these programs. My contest account bombed but that was because I was pushing it pretty hard. My other live account took a hit on Monday but we are several hundred dollars in profit for the week. Sometimes you guys get a losing trade and you think you have to change everything. If the sell price is diving and it hits the sell TP and it keeps moving south it keeps increasing the profit and lowering the deficit. That is the more likely scenario than hitting the TP and reversing. Once price is...

Nanningbob,

I am experiencing the same problem. I started with $2,000 with .05 lots. I took a stop loss hit on Sunday and lost $150. Now my account is at $1,900. From what I see it is only making $20 a day and this is with leaving in on all the time. At this rate is takes almost 8 trading days to make up for only one loss. I do not understand how you took the same loss I did and are already in profit? Here is a graph of my current account started on the Sunday open.The balance is $1920 but the equity is $1898 so only $48 of the loss has been made up so far. And if it hits another loss... well you get the picture.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #547
  • Dec 10, 2008 11:05pm Dec 10, 2008 11:05pm
It has been a tough week, even for me.
Attached Image (click to enlarge)
Click to Enlarge Name: toughweek.gif Size: 7 KB
  • #548
  • Dec 10, 2008 11:16pm Dec 10, 2008 11:16pm
Quoting toyoproxo
Nanningbob,

I am experiencing the same problem....
I use higher lot levels so my recovery is quicker. .05 in the Aud/nzd is the same as .03 in USD so to get .05 USD you need to play .08 Aud. If I play .20 aud it is the same as .12 USD. I post low numbers for this thread so new people dont bomb out there accounts. Once you are comfortable you can increase your multiplication and lot size to match your account and risk aversion. Use Frost's program to give you an idea but multiply the figures or use 2/3 of what you would trade. The 35x25 goes deeper but it sacrifices some profit to do that. The 35x20 is more profitable and the 50x20 or any other 50x? are the most profitable but also use more risk.
  • #549
  • Dec 10, 2008 11:17pm Dec 10, 2008 11:17pm
Quoting Verto
It has been a tough week, even for me.


Still, it looks like your account in is profit even though you took some hits.
  • #550
  • Edited 12:29am Dec 11, 2008 12:14am | Edited 12:29am
Quoting nanningbob
If the sell price is diving and it hits the sell TP and it keeps moving south it keeps increasing the profit and lowering the deficit. That is the more likely scenario than hitting the TP and reversing. Once price is moving in your favor why would you want to change it. Because there were times it reversed on you??? You are free to change it but I think the odds are in my favor if I keep it the way it is.
If the TP is reached due to jerky movement on a top level position, then this problem arises.
I agree normally things are fine but the high spread now just dds to this problem. IF TP of all positions change to the highest level, this problem would not arise.
"Put all your efforts in becoming effortless"
  • #551
  • Dec 11, 2008 1:05am Dec 11, 2008 1:05am
boys if it aint broke dont fix it...
Grabbing the bull by the horns!
  • #552
  • Dec 11, 2008 1:41am Dec 11, 2008 1:41am
Quoting whitegoodman
boys if it aint broke dont fix it...
The only things I've changed are one or two minor things. I still use the same ea, system wise, that I used a month ago. Minus the cost of higher spread it is still just as profitable, less some the spread, so I don't have any complaints.
  • #553
  • Dec 11, 2008 1:45am Dec 11, 2008 1:45am
Quoting Verto
The only things I've changed are one or two minor things. I still use the same ea, system wise, that I used a month ago. Minus the cost of higher spread it is still just as profitable, less some the spread, so I don't have any complaints.
yeh i know dude, i jsut say the system works well, i dont think adding indicators or different types of stops etc etc will benefit... i think the main think to 'tweak' and test is different combos of TP, SL, currency pairs, re-entries, multiplications.... KISS (keep it simple stupid)
Grabbing the bull by the horns!
  • #554
  • Dec 11, 2008 1:55am Dec 11, 2008 1:55am
Quoting whitegoodman
yeh i know dude, i jsut say the system works well, i dont think adding indicators or different types of stops etc etc will benefit... i think the main think to 'tweak' and test is different combos of TP, SL, currency pairs, re-entries, multiplications.... KISS (keep it simple stupid)
I agree.

I would actually like to thank everyone who has tried these different comboinations as it makes the work of a single individual far less. The collective group is a very powerful thing, so I'm not actually trying to discourage anyone from changing things around, but we need to stay focus on the main goal of the system. We all know the EA works so I think it would be wise for one to remember that first before wanting to make arrangment for changes.
  • #555
  • Dec 11, 2008 2:17am Dec 11, 2008 2:17am
Quoting Verto
I agree.

I would actually like to thank everyone who has tried these different comboinations as it makes the work of a single individual far less. The collective group is a very powerful thing, so I'm not actually trying to discourage anyone from changing things around, but we need to stay focus on the main goal of the system. We all know the EA works so I think it would be wise for one to remember that first before wanting to make arrangment for changes.
yeh more surface changes rather then core changes i guess one would say...

a quote in another thread currently in the rookie section:

"3. When people make things more complicated than they need to be. Let me give you an example. One of the leaders in my chat room finally unveiled a new trading system he had developed after more than a year of extensive testing. The system works just as it is. It isn't perfect (no trading system will be 100%), but it is highly profitable.

People's initial reactions were interesting. Instead of saying, "Wow, great. Let me give it a try," a common first response was, "I wonder if it would work even better if we changed this and that, and instead of a 15-day moving average we used a 10-day moving average," and on and on. Before they even tried or understood the system, before ever becoming profitable and successful with it, they immediately set about trying to improve it.

Maybe it's human nature. We love trying to reinvent the wheel. Many of us see trading as a puzzle. If we could just find that solution or formula that no one else has thought of yet, we would be rich and happy. A lot of people think that the more indicators they pile on, the better their trading results will be. So they wind up with analysis paralysis, unprofitable and frustrated, convinced that trading is an unwinnable gamble.

I can't say this enough: What matters is not the system itself, but what you do with the system -- your discipline to use it and keep stops. You won't find a system that always works, so you'd better limit those losses. Two percent of your trades can easily wipe out 98% of your gains if you can't keep stops."
Grabbing the bull by the horns!
  • #556
  • Dec 11, 2008 3:24am Dec 11, 2008 3:24am
We also need to remember, except for the first day it has been quiet. The Aud/nzd is only moving in a 90-100 point range that leads to small returns. My 100x80 which has been knocking down 1-200 plus days is only up 26 bucks the last 24 hours. My 35/25 has made 5.65 today and my 50/15 hasnt even closed a trade. Usually by now I have pocketed 30-60 bucks. So there are weeks in which things are quiet and nothing is really moving. Even the gbp/usd is 145 and 186 for the last two days and that thing has given me fits the last couple of months.
  • #557
  • Dec 11, 2008 3:54am Dec 11, 2008 3:54am
I am going to give up one of my secrets even though it has been posted before. I run 4-6 screens and use 2-3 kinds of aud/nzd EAs on one live account. I keep the lots at smaller levels .05 so I dont have margin issues. So if there is little movement the 35/20 makes me money and on busy days 50/15 makes me even more than the 35/20 would. Since they end up at different starts and closes, i dont run the danger of them all hitting a stop loss. So far except for this Monday it has worked.
  • #558
  • Dec 11, 2008 4:00am Dec 11, 2008 4:00am
Quoting nanningbob
I am going to give up one of my secrets even though it has been posted before. I run 4-6 screens and use 2-3 kinds of aud/nzd EAs on one live account. I keep the lots at smaller levels .05 so I dont have margin issues. So if there is little movement the 35/20 makes me money and on busy days 50/15 makes me even more than the 35/20 would. Since they end up at different starts and closes, i dont run the danger of them all hitting a stop loss. So far except for this Monday it has worked.
Stop sharing MY secret!

Hehe, seriously though is all falls back on the investor's train of thought of diversification, but instead of diversifying securities we are diversifying movement of the pair. It is a rather interesting concept and one that will change your life, in regards to profit gain.
  • #559
  • Dec 11, 2008 4:27am Dec 11, 2008 4:27am
Quoting Verto
Stop sharing MY secret!

Hehe, seriously though is all falls back on the investor's train of thought of diversification, but instead of diversifying securities we are diversifying movement of the pair. It is a rather interesting concept and one that will change your life, in regards to profit gain.
We got to get these guys thinking in another world. So much emphasis is on pips and spread when the only thing that counts is profit. Everything else is a minor nuisance. Traditional FX approaches focus on everything but profit. How many pips did you get, what was the spread, what indicators did you use, what news story was that, etc etc.
  • #560
  • Dec 11, 2008 4:30am Dec 11, 2008 4:30am
Quoting Verto
Stop sharing MY secret!

Hehe, seriously though is all falls back on the investor's train of thought of diversification, but instead of diversifying securities we are diversifying movement of the pair. It is a rather interesting concept and one that will change your life, in regards to profit gain.
i think weve had that discussion before aswell, diversification by multiple EA's
Grabbing the bull by the horns!
2 traders viewing now