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Trading aud/nzd successfully

  • #761
  • Jan 4, 2009 7:29pm Jan 4, 2009 7:29pm
Quoting Tradster
Here I'm quoting myself.
I looked thru the code and found the following string
"//Sell order
// if(previousstoch>H_level && currentstoch<H_level)
if( Ask > Var3+(80*Point))// && Bid < Var5) // && Var3 < Var4) //Var3 < Var4 && Var5 > Var6 &&"
Isee where it says (80*Point). I believe by changing the number to 800 that will correct the problem of entering a trade when the PA is inbetween the green lines instead of being outside the green lines. But it won't let me compile the changes saying access denied. How do I get around that? Help, Help, Help....
This is the key part of the code:
if( Ask > Var3+(80*Point))
You can get in right at the line by putting Bid in instead of ask. I used ask because it showed up with bigger profits when back testing. I had a hard time deciding which way to go until I did some backtesting. Using Ask increased my profit over 50% compared with using Bid.

Access denied, try closing MT4 and then reopening. I had that problem once 6 months ago but I cant remember how I got around it.
  • #762
  • Jan 4, 2009 7:35pm Jan 4, 2009 7:35pm
Quoting Tradster
Here I'm quoting myself.
I looked thru the code and found the following string
"//Sell order...
Ok I figured out on getting around the "Access Denied issue". Just copied the file to another folder and edited from there and it compiled and I was able to save it. I'm now testing it and it did not open a trade since the PA was between the green lines. So, it should now open trades once PA goes either side of green lines. I will let Bob know when it works right and get his permission to post the 5 digit broker 30x20 buysell ea.:nerd:
  • #763
  • Jan 4, 2009 7:43pm Jan 4, 2009 7:43pm
Quoting nanningbob
This is the key part of the code:
if( Ask > Var3+(80*Point))
You can get in right at the line by putting Bid in instead of ask. I used ask because it showed up with bigger profits when back testing. I had a hard time deciding which way to go until I did some backtesting. Using Ask increased my profit over 50% compared with using Bid.

Access denied, try closing MT4 and then reopening. I had that problem once 6 months ago but I cant remember how I got around it.
Thank you Bob. I changed the 80* to 800* since it is looking to enter 80 pips above/below the 40 moving avg. and with a 5 digit broker that would have to read 800, right? I truly love what you have done.
Trading a $1600 standard acct with a beginning lot size of 0.03 (30cents). Made $35 in the 1st 2 1/2 hrs. I'm flabbergasted to say the least. (Flabbergasted, what a strange word) kinda like it.
  • #764
  • Jan 4, 2009 8:19pm Jan 4, 2009 8:19pm
Quoting nanningbob
Yes that sounds right. I added Frosty's excell sheet with the numbers in them. I hope that helps and also you can test some numbers for yourself.
hmmm well i may choose a broker in australia then, as the numbers do not vary greatly when rounding up or down to the nearest 0.1 (micro lot).
Grabbing the bull by the horns!
  • #765
  • Jan 4, 2009 11:35pm Jan 4, 2009 11:35pm
Quoting Tradster
Ok I figured out on getting around the "Access Denied issue". Just copied the file to another folder and edited from there and it compiled and I was able to save it. I'm now testing it and it did not open a trade since the PA was between the green lines. So, it should now open trades once PA goes either side of green lines. I will let Bob know when it works right and get his permission to post the 5 digit broker 30x20 buysell ea.:nerd:
If you get it working right you can post it and I will add it to the original folder. Thanks.
  • #766
  • Jan 5, 2009 12:14am Jan 5, 2009 12:14am
Bob,

Would you mind sharing why you decided to start 80 pips away from the EMA. Also, how do you choose your reentry and TP levels?

Thanks for all your help!
"The market giveth and the market taketh away"
  • #767
  • Jan 5, 2009 1:02am Jan 5, 2009 1:02am
Quoting Tradster
I changed the following to make it work on 5 digit broker feeds.
Lots 0.01 for standard or micro acct
Take Profit 300
My money profit target 500.0
Pips 200
Stop loss 1500

Right click on the chart and open INDICATORS window on the left of the screen.

double click each MOVING AVG. and click on LEVELS and add a zero to each of the levels. that will get the indicator to work on the H1 chart.

Hope this helps. :nerd:
Thanks Tradster,it worked that way.
  • #768
  • Jan 5, 2009 1:11am Jan 5, 2009 1:11am
Quoting Tradster
I'm in Florida and Gain starts at 5pm Sunday evening Down to a 13 pip spread pretty much within the hr. Looking for 8 pip or below by tomorrow.
Tradster are you using fractional or fixed spread with GAIN?

Thanks.



Charles
  • #769
  • Jan 5, 2009 2:24am Jan 5, 2009 2:24am
im loving this new adaption for this audnzd method,

1 chart, 1 EA and will be compatable with the proposed NFA hedging rules
Grabbing the bull by the horns!
  • #770
  • Jan 5, 2009 2:47am Jan 5, 2009 2:47am
i think the best part is we are able to trade 1,000 base currency with little amount of money which means we are not stuck with only trading with IBFX nano lot.

I have a few question for nanningbob.

1) Why use MA based on 1 H TF ? Why not 5 mins chart or any other time frame ?

2) All the lines together looks like COG (center of gravity) indicator. I know that COG repaints, does the template u provided repaint as well ?

Lastly, AUDNZD magic is on lower TF (bounds up and down), higher TF like 1H don't make full advantage of it's character. Maybe those MA should be based on 5 min or 1 min TF.
  • #771
  • Jan 5, 2009 3:03am Jan 5, 2009 3:03am
Is the current EA setup with a stop loss. I don't see one on my chart, so is it hidden then from the broker?
  • #772
  • Jan 5, 2009 3:10am Jan 5, 2009 3:10am
Quoting forexisfx
i think the best part is we are able to trade 1,000 base currency with little amount of money which means we are not stuck with only trading with IBFX nano lot.

I have a few question for nanningbob.

1) Why use MA based on 1 H TF ? Why not 5 mins chart or any other time frame ?

2) All the lines together looks like COG (center of gravity) indicator. I know that COG repaints, does the template u provided repaint as well ?

Lastly, AUDNZD magic is on lower TF (bounds up and down), higher TF like 1H don't make full advantage of it's character....
yeh i thought basing on the 5min timeframe might be better, we would have to do it in a way to keep minimal max trades and stop loss like is currently on the 1h timeframe. Maby 1h is better tho cos on the lower time frames the max trades and SL would be higher
Grabbing the bull by the horns!
  • #773
  • Jan 5, 2009 3:16am Jan 5, 2009 3:16am
Quoting Verto
Is the current EA setup with a stop loss. I don't see one on my chart, so is it hidden then from the broker?
Mine never loaded with one either Verto, just go in and manually add one in of 150 pips
"The market giveth and the market taketh away"
  • #774
  • Jan 5, 2009 3:18am Jan 5, 2009 3:18am
Quoting urbanFX
Mine never loaded with one either Verto, just go in and manually add one in of 150 pips
ive got it in there i think but cant see it on my charts (the chart isnt high enuff)
Grabbing the bull by the horns!
  • #775
  • Jan 5, 2009 3:20am Jan 5, 2009 3:20am
Quoting whitegoodman
ive got it in there i think but cant see it on my charts (the chart isnt high enuff)

No... mine all have no stops.
  • #776
  • Jan 5, 2009 3:46am Jan 5, 2009 3:46am
Quoting Verto
No... mine all have no stops.
The template has it saved with the wrong numbers. Load the EA again and it will work.
  • #777
  • Jan 5, 2009 4:07am Jan 5, 2009 4:07am
Quoting urbanFX
Bob,

Would you mind sharing why you decided to start 80 pips away from the EMA. Also, how do you choose your reentry and TP levels?

Thanks for all your help!
We needed more range for price action. The old EAs were always going to their range limits so I wanted another 100 pips in range. You can do that by increasing margin and levels, however this also increases risk and the damage of a loss. It becomes a whopper. So we take out the middle and add it to he top and bottom. I added 50 pips to both sides in range and because the spread was moving between 20-50 pips I added 30 more to each side to cover the the extra spreads we were being hit with. Then we made up the loss from the extra levels by using bigger lots with fewer levels and trades. The stop loss amount stays about the same but the profit per trade goes way up. The 30 TP was a good number to make sure we get profit from 30 pip spreads. You can wait all day for a TP 50 and the 20 reentry was based on using FrostCAlls excell program to keep each level at a good profit. The 50 pip TP gives you bigger profit but the 30 TP will happen more often. On slow to medium days the 30TP makes more money on fast moving days the 50 TP will make more money. Choose your poison.
  • #778
  • Jan 5, 2009 4:21am Jan 5, 2009 4:21am
Quoting forexisfx
i think the best part is we are able to trade 1,000 base currency with little amount of money which means we are not stuck with only trading with IBFX nano lot.

I have a few question for nanningbob.

1) Why use MA based on 1 H TF ? Why not 5 mins chart or any other time frame ?

[color=Red]The numbers used to trade are based on 1H chart but the trades are based on price action. In other words whether you use 1H or 5M it doesnt change anything. If the EA enters a trade and price moves 30 pips it takes profit, if it does that 5 times in 1 hours...
answers above in red
  • #779
  • Edited 4:44am Jan 5, 2009 4:23am | Edited 4:44am
Quoting forexisfx
i think the best part is we are able to trade 1,000 base currency with little amount of money which means we are not stuck with only trading with IBFX nano lot.

I have a few question for nanningbob.

1) Why use MA based on 1 H TF ? Why not 5 mins chart or any other time frame ?



2) All the lines together looks like COG (center of gravity) indicator. I know that COG repaints, does the template u provided repaint as well ?

Lastly, AUDNZD magic is on lower TF (bounds up and down), higher TF like 1H don't make...
The numbers used to trade are based on 1H chart but the trades are based on price action. In other words whether you use 1H or 5M it doesnt change anything. If the EA enters a trade and price moves 30 pips it takes profit, if it does that 5 times in 1 hours it gets all five trades. It is based on price movement not candles.

NO, not repaint, this is not an indicator like COG . We use the 40 MA only for a reference to enter trades that is all. It is based on an average of 40 bars median. yes the line may move a pip or two but no it does not repaint. The average median of the present bar would have to overcome the average of the previous 39 bars which are already set. Mathematically not enough to be significant.

I have looked at the COG indicator before and it is not the same. We are operating at levels above and below the MA average. These levels are fixed to a certain pip range not some mathematical formula.

The 5M would cause the lines to be constantly changing and defeat the whole purpose of the system. The hourly allows the Main MA line to move some but not more than 30 to 60 pips. Besides once the EA enters a trade all the numbers are fixed. They do not move with the MA. The TP and reenters will all be based on the original first trade entrance not on the MA chart.
  • #780
  • Jan 5, 2009 4:49am Jan 5, 2009 4:49am
Quoting Verto
No... mine all have no stops.
Verto redownload, you have the wrong EA. I posted that one for about 5 minutes when I grabbed the wrong one. Throw that one in the trash and download the new one.
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