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Trading aud/nzd successfully

  • #621
  • Dec 13, 2008 10:45am Dec 13, 2008 10:45am
This is the best explanation of how the forex works I have ever read. Please read it when you get a chance.

http://www.forexfactory.com/showthread.php?t=7484
  • #622
  • Dec 13, 2008 10:46am Dec 13, 2008 10:46am
Quoting wacazac
I am using 200:1 leverage
What that means is if I use 500 dollars you need a 1000 to get the same results and EA range.
  • #623
  • Dec 13, 2008 5:04pm Dec 13, 2008 5:04pm
Quoting Tjpld
What made it even worse for me is that my stupid laptop installed some "important" Windows Updates and rebooted at night.

Another lesson learned.
this automatic update is a desgrace. You always is screwed up at least once before you remember to turn it off. I imagine how much money people lose with this stupid idea. It should not be default in Windows.

my rant is because something like it happened to me a few days.
  • #624
  • Dec 14, 2008 2:04am Dec 14, 2008 2:04am
Hi,

Let me tell you some points.
If you test EA on stratergy tester for period say 1 month on IBFX Platform, EA will get different result each time. Why this happens ? it is due to Spread read by Stratergy tester when stratergy tester start. and on IBFX spread keep changing..so each time result is different.

I try My EA on Forex.com where AUD/NZD spread is low 12pip and EA shows good result.

I have EA which takes 2 way position BUY/SELL leg runing on single EA. With all changable parameter of each leg. and i use Limit orders that prevent sleepage. and it works best.

Whole concept of stratergy discuss in this thread is based on assumption that AUD/NZD is choopy pair and moved up or down with retrachements.
and gives easy exit...the Day it moves above 200 pips without retrachement of 30+spread our SL is taken away , with IBFX increased spread recently it become difficult to perform for this EA, with increasing range of move in AUD/NZD has further reduce performance of EA.

November was best period for EA.

With limiting max loss when hit SL, and identifying spot from which pair will not move further 200pip ( SL = 200) is key point in increasing performance and reducing loosing trades.
  • #625
  • Dec 14, 2008 7:49am Dec 14, 2008 7:49am
what a week! happily I stayed out of my live account for 2 reasons - 1, my internet connection was showing signs of not being 100% reliable, and 2, many people with years of experience said that Dec. is traditionally the time for dramatic moves and low volumes and spreads widening. My stoploss was hit twice under normal conditions, and once more after internet was off for 3hrs while I was sleeping and so not all counterpositions were opened, (maybe a retrace would have happened during this offline time - I don't know). I won't touch this pair again until the new year and then, only when it looks like it's stabilised.
Attached Image (click to enlarge)
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He has the right to criticize who has the heart to help. Abraham Lincoln
  • #626
  • Dec 14, 2008 7:57am Dec 14, 2008 7:57am
Quoting giraia_br
this automatic update is a desgrace. You always is screwed up at least once before you remember to turn it off. I imagine how much money people lose with this stupid idea. It should not be default in Windows.

my rant is because something like it happened to me a few days.
When we trade EA's with real money, surely the onus is on us to do our due diligence....

On this point, anyone considering using a VPS to overcome any power or internet connection issues should be aware that VPS providers will regularly reboot their servers (this often accounts for the 0.01% downtime that they advertise), and this will cause your MT4 application to close and this does not reopen automatically!
There does appear to be a work-around, but I haven't finished investigating this fully yet.
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #627
  • Dec 14, 2008 8:13am Dec 14, 2008 8:13am
I have an unusual idea for an experiment, but for it to work I need to be able to make the ea work in the opposite direction...... does anyone know of an ea that does reverse martingale - i.e. it opens new orders in the direction of the movement, not against it as this one does.

I've looked at the code of the 35x20, but can't seem to get it to do what I want.....

anyone?

Finally, I tested for 48hrs a new idea using the standard martingale approach and the initial results look very promising..... I have to work on some spreadsheets this coming week to see what the worst case scenario's could be...... if they look good I'll post next week.... maybe on another thread so as to keep this one pure....
There were 2 variations, results are below...... the results begin where the graph begins it's steady incline.... the dips before that were me just testing some functionality of some unrelated scripts etc.
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He has the right to criticize who has the heart to help. Abraham Lincoln
  • #628
  • Edited 9:17am Dec 14, 2008 9:07am | Edited 9:17am
Quoting Jim4x
I have an unusual idea for an experiment, but for it to work I need to be able to make the ea work in the opposite direction...... does anyone know of an ea that does reverse martingale - i.e. it opens new orders in the direction of the movement, not against it as this one does.

I've looked at the code of the 35x20, but can't seem to get it to do what I want.....

anyone?

Finally, I tested for 48hrs a new idea using the standard martingale approach and the initial results look very promising..... I have to work on some spreadsheets this coming...
So i guess it's true that there is always someone there trying to change any system that isn't broken. Or maybe trying to "improve" this system ? Or maybe a brand new system based on this system ?
  • #629
  • Dec 14, 2008 9:56am Dec 14, 2008 9:56am
Quoting Jim4x
I have an unusual idea for an experiment, but for it to work I need to be able to make the ea work in the opposite direction......
anyone?

There were 2 variations, results are below...... the results begin where the graph begins it's steady incline.... the dips before that were me just testing some functionality of some unrelated scripts etc.
I too was thinking on the same lines but could not get this EA to work that way though it had a setting for it.
I will be keenly following your inputs here. I am of the opinion, such a system will be useful in trending markets.
"Put all your efforts in becoming effortless"
  • #630
  • Dec 14, 2008 9:59am Dec 14, 2008 9:59am
Quoting Jim4x
I have an unusual idea for an experiment, but for it to work I need to be able to make the ea work in the opposite direction...... does anyone know of an ea that does reverse martingale - i.e. it opens new orders in the direction of the movement, not against it as this one does.
Hi Jim,

What exactly you want ?
When Both buy and sell are operating, and if Price rising then Buy leg will keep opening orders in long side with starting lot, where as short leg do martingle. problem is.. When price is rising Buy leg generates profit with Starting lot..which is low, and same time sell leg do martingle and loss goes on increasing fast.
  • #631
  • Dec 14, 2008 12:23pm Dec 14, 2008 12:23pm
Well, I'm back from vacation (mostly) and I think I can conclusively say that its a bad idea to let this EA run day and night and over the weekend with an account of $200. Im now down to about $1.50 as I figured I would be after 2 weeks of hands off with a very small account. I'll do some data work later to see how different things would have been if I had a $1,000 account to cover the spread.

ALSO - sorry, there is NO WAY I'm going to read the past 26 pages that I missed, so there!
  • #632
  • Dec 14, 2008 4:25pm Dec 14, 2008 4:25pm
Quoting Jim4x
When we trade EA's with real money, surely the onus is on us to do our due diligence....

On this point, anyone considering using a VPS to overcome any power or internet connection issues should be aware that VPS providers will regularly reboot their servers (this often accounts for the 0.01% downtime that they advertise), and this will cause your MT4 application to close and this does not reopen automatically!
There does appear to be a work-around, but I haven't finished investigating this fully yet.
supposedly you can put it in 'startup' or something and have autologin so you automatically have it start up when rebooted
Grabbing the bull by the horns!
  • #633
  • Dec 14, 2008 4:29pm Dec 14, 2008 4:29pm
Quoting FrostCall
Well, I'm back from vacation (mostly) and I think I can conclusively say that its a bad idea to let this EA run day and night and over the weekend with an account of $200. Im now down to about $1.50 as I figured I would be after 2 weeks of hands off with a very small account. I'll do some data work later to see how different things would have been if I had a $1,000 account to cover the spread.

ALSO - sorry, there is NO WAY I'm going to read the past 26 pages that I missed, so there!
im going away for 10 days starting Friday, ill be sending out a memo for people to slow down on posting so i dont fall too far behind when i get back...
Grabbing the bull by the horns!
  • #634
  • Dec 14, 2008 4:43pm Dec 14, 2008 4:43pm
Quoting whitegoodman
im going away for 10 days starting Friday, ill be sending out a memo for people to slow down on posting so i dont fall too far behind when i get back...
Sure thing, boss.

On a more serious note this is the last week of Dec. I will be trading live, hopefully it doesn't go the way of last week.
  • #635
  • Dec 14, 2008 4:56pm Dec 14, 2008 4:56pm
You have my blessings. My "worst case" wish has been fulfilled from now
on spreads return to 11 and no more rallys I promise.
  • #636
  • Dec 14, 2008 10:37pm Dec 14, 2008 10:37pm
Quoting ramdas
Hi Jim,

What exactly you want ?
When Both buy and sell are operating, and if Price rising then Buy leg will keep opening orders in long side with starting lot, where as short leg do martingle. problem is.. When price is rising Buy leg generates profit with Starting lot..which is low, and same time sell leg do martingle and loss goes on increasing fast.
I want an EA that can do reverse martingale..... simple as that - I don't want to hedge a reverse against a standard - that sounds like a recipe for disaster!

The current EA has a reverse setting, but all that does is turn the buy ea into a sell ea.
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #637
  • Dec 14, 2008 10:39pm Dec 14, 2008 10:39pm
Quoting Jim4x
I want an EA that can do reverse martingale..... simple as that - I don't want to hedge a reverse against a standard - that sounds like a recipe for disaster!

The current EA has a reverse setting, but all that does is turn the buy ea into a sell ea.
You are asking for a pyramiding EA. This EA isn't coded that way, there might be an easy way to do it, but I'm not sure how.
  • #638
  • Dec 14, 2008 10:41pm Dec 14, 2008 10:41pm
Quoting forexisfx
So i guess it's true that there is always someone there trying to change any system that isn't broken. Or maybe trying to "improve" this system ? Or maybe a brand new system based on this system ?
It's called innovation ...... adaptation...... if it didn't happen then we would still be travelling around by ox and cart! (of course if we never innovated then we wouldn't have gone past the crawling/walking stage and would never have thought of carts!! - you get my point)
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #639
  • Dec 14, 2008 10:43pm Dec 14, 2008 10:43pm
Quoting Verto
You are asking for a pyramiding EA. This EA isn't coded that way, there might be an easy way to do it, but I'm not sure how.
Everything is easy for those who know how...... as the quizmaster said "the question is only easy if you know the answer"
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #640
  • Dec 14, 2008 10:44pm Dec 14, 2008 10:44pm
Quoting Jim4x
It's called innovation ...... adaptation...... if it didn't happen then we would still be travelling around by ox and cart! (of course if we never innovated then we wouldn't have gone past the crawling/walking stage and would never have thought of carts!! - you get my point)
There is a slight difference... you could just as easily start a new thread and label it innovation, but most would see your posting in here as a way of taking over a thread.

I know that isn't your intentions, I'm just telling you how some others might view such an action.
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