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Trading aud/nzd successfully

  • #821
  • Edited 3:01pm Jan 6, 2009 2:38pm | Edited 3:01pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting urbanFX
Right click on the chart and select 'indicators list', edit each MA by adding a 0 onto it and you are good to go.

More importantly, have yu made the necessary changes to the EA though for the 5 digit chart. The template and the EA have nothing to do with eachother per se, the template is just a visual representation of the EA
ofcourse i tried the "add 0" thingy before posting here, doesnt look any good on the chart. thx anyway

what else has to be changed on the EA besides adding a 0 onto TP, SL and PIPS?

if( Ask > Var3+(80*Point)) adding a 0 here too?
if( Bid < Var3-(80*Point))
  • #822
  • Jan 6, 2009 2:43pm Jan 6, 2009 2:43pm
Quoting urbanFX
Look right at the bottom of the code and you will find these lines:

Inserted Code
if( Ask > Var3+(80*Point))
if( Bid < Var3-(80*Point))
Change the 80 to whatever you want to narrow/extend the range to.

Hope that helps.
Thanks very much urbanFX and Bob
  • #823
  • Jan 6, 2009 3:00pm Jan 6, 2009 3:00pm
If there are floating trades and I turn off live trading in the EA "Allow Live trading" will ALL levels close when one of the profit targets are hit?
  • #824
  • Jan 6, 2009 3:19pm Jan 6, 2009 3:19pm
Quoting onu
ofcourse i tried the "add 0" thingy before posting here, doesnt look any good on the chart. thx anyway

what else has to be changed on the EA besides adding a 0 onto TP, SL and PIPS?

if( Ask > Var3+(80*Point)) adding a 0 here too?
if( Bid < Var3-(80*Point))
yes, as you have correctly guessed, change those lines to 800 in the EA code, save & recompile then your good to go!

Steve.

BTW what do you mean by "doesn't look good on the chart"?
  • #825
  • Jan 6, 2009 4:39pm Jan 6, 2009 4:39pm
Bob would you be able to post the EA and template for the 120MA on 5m?

wanna test that one out too as the 1h isnt getting enough entries atm.

i might see about bringing in the range of the 1H one aswell to 60 or so
Grabbing the bull by the horns!
  • #826
  • Jan 6, 2009 7:07pm Jan 6, 2009 7:07pm
Quoting whitegoodman
Bob would you be able to post the EA and template for the 120MA on 5m?

wanna test that one out too as the 1h isnt getting enough entries atm.

i might see about bringing in the range of the 1H one aswell to 60 or so
Go ahead and make changes but so far this week it has made 7 successful trades in less than 3 days. As you get comfortable with it you will go with bigger lots and that is where you will get your profits. At 30 pip pops that is 210 pips for the week. Many people would kill to get results like that. If you had played 1.00 a pip x .65 x 210= 135.50

The 5M one has had 9 successful in 36 hours x 30 pips = 270 pips. It is doing well also. Here it is. I made this a little different, 120 MA green line is 50 pips above the 120 and the red is 40 pips below. I did this because of the spread widening that often happens on the ask end. So here it is.
Attached File(s)
File Type: zip 5M 30x20.zip   24 KB | 435 downloads
  • #827
  • Jan 6, 2009 7:12pm Jan 6, 2009 7:12pm
Remember I said the 1H EA would only do 2-7 trades a day and that is what it is doing. It is doing 2-4 a day so far.
  • #828
  • Jan 6, 2009 7:14pm Jan 6, 2009 7:14pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting Arnold49
yes, as you have correctly guessed, change those lines to 800 in the EA code, save & recompile then your good to go!

Steve.

BTW what do you mean by "doesn't look good on the chart"?
Thx Arnold.


:nerd:


this is how the chart looks like after adding a 0 to the MAs, as urbanfx said
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jan. 06 21.01.gif Size: 43 KB
  • #829
  • Jan 6, 2009 7:42pm Jan 6, 2009 7:42pm
This new EA, to me, is much better than the other one, which was very good. I like it better because the entries are at further extremes from the center point, or COG line. I have to think that if your entries are at certain extremes of the center, you have a much better chance of success because the tendency is to go back to the center. Naturally, if the pair is trending heavily, you could get stopped out. But, the good thing about this is that you're not entering right away. You're entering when the pair has exceeded the center line by a certain number of pips one way or the other.
I don't understand, though, what Whitegoodman is talking about when he talks about different time frames having more trades. Is that because the center line is different if you use a one hour time frame instead of a 5 minute one? I'm confused here, because I figured the center line was somewhat constant, and would be the same on any time frame.
Quoting nanningbob
Go ahead and make changes but so far this week it has made 7 successful trades in less than 3 days. As you get comfortable with it you will go with bigger lots and that is where you will get your profits. At 30 pip pops that is 210 pips for the week. Many people would kill to get results like that. If you had played 1.00 a pip x .65 x 210= 135.50

The 5M one has had 9 successful in 36 hours x 30 pips = 270 pips. It is doing well also. Here it is. I made this a little different, 120 MA green line is 50 pips above the 120 and the red is 40 pips...
  • #830
  • Jan 6, 2009 7:44pm Jan 6, 2009 7:44pm
Quoting Tradster
If there are floating trades and I turn off live trading in the EA "Allow Live trading" will ALL levels close when one of the profit targets are hit?
No, this is a feature of the EA and in order for all the trades to close when one trade his tp the EA needs to be running.
  • #831
  • Jan 6, 2009 7:46pm Jan 6, 2009 7:46pm
Quoting paradoxical
This new EA, to me, is much better than the other one, which was very good. I like it better because the entries are at further extremes from the center point, or COG line. I have to think that if your entries are at certain extremes of the center, you have a much better chance of success because the tendency is to go back to the center. Naturally, if the pair is trending heavily, you could get stopped out. But, the good thing about this is that you're not entering right away. You're entering when the pair has exceeded the center line by a certain...
I will attempt my best to answer your question. The main point is that moving averages uses bars as a lookback. If, for example, the lookback of bars is 100 then you will can see that 100 5 minute bars can have a lot different price action than 100 1 hour bars so the moving averages will be in different places. The 5 minutes moving averages hug the price more so that is why you will have more trades... because they are closer to the current price/midline.
  • #832
  • Jan 6, 2009 7:56pm Jan 6, 2009 7:56pm
Quoting Verto
No, this is a feature of the EA and in order for all the trades to close when one trade his tp the EA needs to be running.
Thank you Verto for clearing that up for me.
  • #833
  • Jan 6, 2009 7:58pm Jan 6, 2009 7:58pm
Quoting Verto
I will attempt my best to answer your question. The main point is that moving averages uses bars as a lookback. If, for example, the lookback of bars is 100 then you will can see that 100 5 minute bars can have a lot different price action than 100 1 hour bars so the moving averages will be in different places. The 5 minutes moving averages hug the price more so that is why you will have more trades... because they are closer to the current price/midline.
Hey good comment. Also, at least so far, price doesnt seem to get as far away from the center line as on a 1H chart. All the trades have stayed in the 1 or 2 line range. What I worry about in the 5 M you could more easily get caught on a strong strend versus the 1H. In other words you enter earlier than the 1H so that is a possibility. Wont know until we run into one.

Also, using this on other currencies, if you ever have a strong running trend you are in trouble because this is a counter trend strategy. This works with this pair because they are very similar currencies so they dont strong trend. What ever affects one affects the other equally so you get that constant bouncing action. I dont know after 3 days of testing whether I could ever get a system like this to work on another currency. We will see. You can bet though I have something up my sleeve so I will get with you on another trade system in a couple of weeks if the demo works out.
  • #834
  • Jan 6, 2009 8:49pm Jan 6, 2009 8:49pm
hey guys i was wondering if those more experienced with excel or just those wishing to give this a look over could tell me if ive calculated anything wrong... (its just a slight addition to frosty's excel)

because my broker only does micro lots ive added a column to show the real lot size (this part seems ok). The only thing I think I may have got wrong is the risk of capital percentage... my accounts balance is in AUD (Gomarkets australia), then ive multiplied the SL DD by the current aud/usd exchange rate....

just give it a look over, I wanna apply the correct lot size according to my risk appetite....
Attached File(s)
File Type: xls 40ma EA Fact Finder.xls   31 KB | 282 downloads
Grabbing the bull by the horns!
  • #835
  • Edited 10:23pm Jan 6, 2009 9:54pm | Edited 10:23pm
Quoting nanningbob
Go ahead and make changes but so far this week it has made 7 successful trades in less than 3 days. As you get comfortable with it you will go with bigger lots and that is where you will get your profits. At 30 pip pops that is 210 pips for the week. Many people would kill to get results like that. If you had played 1.00 a pip x .65 x 210= 135.50

The 5M one has had 9 successful in 36 hours x 30 pips = 270 pips. It is doing well also. Here it is. I made this a little different, 120 MA green line is 50 pips above the 120 and the red is 40 pips below....
The 5 mins template short of the SL line ?

IMO, the 5 mins template seems a bit risky. If u look at 5 mins template, the 5 lines doesn't cover till R3/S3 whereas 1 hour template it cover R3/S3 and SL above them. However, 5 mins will surely yield more than 1 h template for sure.

I observe that the 1h template make trade near S&R line which means it will start to trade short for R1 and above and trade long for S1 and below. The white line is actually the pivot line. So basically, we are trading semi-martingale S&R.
  • #836
  • Jan 6, 2009 10:35pm Jan 6, 2009 10:35pm
what is the stoploss supposed to be on the 5min ea?
  • #837
  • Jan 7, 2009 12:30am Jan 7, 2009 12:30am
Quoting rbrtsha
what is the stoploss supposed to be on the 5min ea?
Should be the same 150 pips above the entrance point, however, I dont know if I put it in or not before I posted it. If it isnt there let me know and I will post one with one in or you can put one in. When I test live I start with 1 penny so I never use stop losses until I get into more serious money. One penny going 500 pips in the hole does not bother me. I want to see what an EA does under real conditions. That is one of the major reasons I am with IBFX, I can trade pennies and get comfortable with a trading system without risking sums of money. I just dont think demo testing is the same as live testing so I use real money and lose one penny at a time.
  • #838
  • Jan 7, 2009 12:53am Jan 7, 2009 12:53am
Quoting forexisfx
The 5 mins template short of the SL line ?

IMO, the 5 mins template seems a bit risky. If u look at 5 mins template, the 5 lines doesn't cover till R3/S3 whereas 1 hour template it cover R3/S3 and SL above them. However, 5 mins will surely yield more than 1 h template for sure.

I observe that the 1h template make trade near S&R line which means it will start to trade short for R1 and above and trade long for S1 and below. The white line is actually the pivot line. So basically, we are trading semi-martingale S&R.
Yes that is what we are doing, the only problem I see with this system is with currencies that will do a long trend. I have tried using this with others and I ran into that problem big time Monday. The good thing about the aud/nzd is they dont do those long trends so this trading system is very effective on it. If testing goes well this week I will increase my lots and see if I can make some serious money with this.

The 5M is new for me. I just didnt think you can trade it but you know I have been wrong before. Eye balling the lines it looks good but you know, you miss things that live trades will bring up. We will see. I wish you a good 2009 and I hope everyone makes some money on this thing.
  • #839
  • Jan 7, 2009 1:04am Jan 7, 2009 1:04am
Holy Cow, I just saw the stats on this thread over 30,000 views. I didnt know the aud/nzd would draw such a crowd. Hmmmmmmmm.
  • #840
  • Jan 7, 2009 1:10am Jan 7, 2009 1:10am
Quoting nanningbob
Should be the same 150 pips above the entrance point, however, I dont know if I put it in or not before I posted it. If it isnt there let me know and I will post one with one in or you can put one in. When I test live I start with 1 penny so I never use stop losses until I get into more serious money. One penny going 500 pips in the hole does not bother me. I want to see what an EA does under real conditions. That is one of the major reasons I am with IBFX, I can trade pennies and get comfortable with a trading system without risking sums of money....
i agree with your way of testing, in fact thats how i test as well...i will look at your coding about the sl too...thanx
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