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Trading aud/nzd successfully

  • #861
  • Jan 7, 2009 8:05pm Jan 7, 2009 8:05pm
Quoting nanningbob
I could not get the multiplier to work. It is set at 1.8 I think. Can you change that??
easily changed, all the boxes in yellow are the ones where you have to input data...

im just trying to make sure my conversion to AUD is right for my risk percentages?
Attached File(s)
File Type: xls 40ma%20EA%20Fact%20Finder(1).xls   37 KB | 343 downloads
Grabbing the bull by the horns!
  • #862
  • Jan 8, 2009 11:35am Jan 8, 2009 11:35am
Quoting nanningbob
I did that with the 5M, may try that with 1H and see what it does.
Bob,
What did you change the bottom buffer to on the 1H? Does 60 sound about right? And we're talking about the buy order at the very bottom section of the code, right? Thanks
  • #863
  • Jan 8, 2009 1:21pm Jan 8, 2009 1:21pm
Have been looking at the AUD/USD using a setting of 60/40 and a stop of 320. Throwing out October, there would have been no stop outs, and plenty of winning trades. Haven't counted them, as it would take some hours to do it manually. But, visually, probably several each week with only about three instances of going a little past the 5th level. Going to demo it at $1.00 a pip. Beginning to get the hang of this system, and have even figured to change the lines so that I have distances of 40 pips away from each line, instead of 20 on the chart. Very cool when you want to do a visual test to see where the trades would take place.
  • #864
  • Jan 8, 2009 4:18pm Jan 8, 2009 4:18pm
I have been testing this on GBP/USD with 40x60, 5 trades, 1.8, 200 pips to 1st level & 400 pip SL on 5 min chart (after altering the EA for the 5M TF) for 2008

I found;

1. no trades until Sept.
2. Oct blows a big hole in the account
3. ok trades after that.

on eyeballing Oct 24th I noticed the price dips very fast to hit SL, & I thought maybe if we used a smaller, more responsive MA we would be ok.

then It dawned on me, that trade would probably be only one taken that year!

so I wondered if we (you!) could alter the EA setting for distance to first trade to be tied into ATR , then we would get trades earlier in the year & when things started to go wild mid sept, the buffer zone would get bigger.

Hope I'm making sense.

Steve.
  • #865
  • Jan 8, 2009 4:36pm Jan 8, 2009 4:36pm
Quoting Toothman
Bob,
What did you change the bottom buffer to on the 1H? Does 60 sound about right? And we're talking about the buy order at the very bottom section of the code, right? Thanks
I changed it by 10 pips. Yes that is the buy order.
  • #866
  • Jan 8, 2009 4:37pm Jan 8, 2009 4:37pm
Quoting whitegoodman
easily changed, all the boxes in yellow are the ones where you have to input data...

im just trying to make sure my conversion to AUD is right for my risk percentages?
check Frost Calls excell for his formula, he had his working.
  • #867
  • Jan 8, 2009 4:39pm Jan 8, 2009 4:39pm
I've been running the 5 min on the AUDNZD for about 36 hours with a starting lot size of 0.10 on a "Standard" demo account for a profit of 468.31. 8 losing trades and 19 winners. Largest loser was $36.98(-35 pips on 0.18 lot) Biggest winner was 183.17 (1.04 lot for +30 pips)

I have also been running the 5 minute on the AudCad for the last 18 hours or so on a "mini" demo account using a 1.0 lot starting point for 7 trades , all positive, for $179.27.

I just got home & after seeing the spread on the AuNz I closed out the one trade that was open for +20 pips.

JMO but the way the spread acts in the afternoon of the U.S. session I just don't think I'll trade that pair during that time.

Now the AuCad is still on a 12 - 13 pip spread while the AuNz is all over the map, 25 or so right now.

This ea is certaintly a huge leap forward.
Awesome work Bob.
  • #868
  • Jan 8, 2009 4:46pm Jan 8, 2009 4:46pm
Quoting tommyd
I've been running the 5 min on the AUDNZD for about 36 hours with a starting lot size of 0.10 on a "Standard" demo account for a profit of 468.31. 8 losing trades and 19 winners. Largest loser was $36.98(-35 pips on 0.18 lot) Biggest winner was 183.17 (1.04 lot for +30 pips)
.
Tommy,

Was that with the AUDNZD 5M defaut settings?

Regards,
JoeQ
  • #869
  • Jan 8, 2009 4:52pm Jan 8, 2009 4:52pm
Quoting JoeQuant
Tommy,

Was that with the AUDNZD 5M defaut settings?

Regards,
JoeQ
I using the stock settings except for lot size which I set to 1 (mini account IBfx)

lots: 1
TP : 30
mult: 1.8
maxTrade: 5
SL: 150

The AuCad has a little smaller range than the AuNz so maybe there need to be a little tweaking there on the MA & spacing.

looking back the aucad does seem to go on a tear every so often, Dec 31st was 300 + pip with no real retrace so maybe it might be risky to trade.
  • #870
  • Jan 8, 2009 5:07pm Jan 8, 2009 5:07pm
I need a change in the program for an idea i have but I dont know how to program it. I want the stop loss to only work one time. For example the stop loss is set for 200 pips, when price moves 50 pips it brings it to break even and then the stop loss wont move again. We have a trailing stop in the program but I want to add the onetime stop loss move. Also an option can be done to move the stop loss every X amount of pips. so lets say price move another 100 then it moves another 50 etc. These are two separate actions. Let me know if you can help.

Bob
  • #871
  • Jan 8, 2009 5:17pm Jan 8, 2009 5:17pm
Quoting Arnold49
I have been testing this on GBP/USD with 40x60, 5 trades, 1.8, 200 pips to 1st level & 400 pip SL on 5 min chart (after altering the EA for the 5M TF) for 2008

I found;

1. no trades until Sept.
2. Oct blows a big hole in the account
3. ok trades after that.

on eyeballing Oct 24th I noticed the price dips very fast to hit SL, & I thought maybe if we used a smaller, more responsive MA we would be ok.

then It dawned on me, that trade would probably be only one taken that year!

so I wondered if we (you!) could alter the EA setting for distance...
To develop each individual currency you need to use my 7 year Fact sheet. I last updated it the first week of November. According to it the biggest one day move for gbp/usd was 922 pips. The biggest 1 day move for the Aud/usd is 695. You cant expect it to work the same. The gbp/usd will need different numbers to work.

Good work on the aud/usd I will take a look at it over the weekend after I get my grades done and turned in. Here in China I get 5 weeks off for Chinese New Year and will spend a good part of that developing this idea to other currencies.

I think if we can get a stop loss to break even and another idea I have to work, this system can be developed for every currency. 2009 looks like a great year for trading to me.
  • #872
  • Jan 8, 2009 5:29pm Jan 8, 2009 5:29pm
I will post my results once I close for the day. I never recommend holding open positions over the weekend because of gapping in prices from weekend news. So far my account is up 39.5% for the week. I am not going to complain about that. Off to work I go.
  • #873
  • Jan 8, 2009 5:39pm Jan 8, 2009 5:39pm
Not sure if anyone follwed this thread, which was started by a guy named OAN, and is called my own developed benkyalate system
It uses a GOG line, and entries are made on either side of the COG line as the pair moves a certain distance of PIPS away from the center. With this new and fantastic EA, it is close to the above system, which is also a fine system for determining when a pair is moving to extremes from the center line. The above system would give a minor signal at about 50, and a major one at 100 PIPS away. I know, I know....the center lines aren't identical, but they're close, and it's the same premise. I like the moving average line much better, anyway. What I was thinking is that one could use this EA to simply make just one, or maybe two trades when whatever pair you want to use it on moves 100 PIPS from center, or even 150 if you want safer trades, and just leave it at that with whatever stop you want. What do you all think?
  • #874
  • Jan 8, 2009 6:43pm Jan 8, 2009 6:43pm
Quoting nanningbob
I need a change in the program for an idea i have but I dont know how to program it. I want the stop loss to only work one time. For example the stop loss is set for 200 pips, when price moves 50 pips it brings it to break even and then the stop loss wont move again. We have a trailing stop in the program but I want to add the onetime stop loss move. Also an option can be done to move the stop loss every X amount of pips. so lets say price move another 100 then it moves another 50 etc. These are two separate actions. Let me know if you can help.

Bob...
the "swiss army knife " EA has a function for a one time move to BE
  • #875
  • Jan 8, 2009 6:45pm Jan 8, 2009 6:45pm
When I download the template for the 5M version I get the same chart as the 1HR version. Anyone else have this problem?
  • #876
  • Jan 8, 2009 6:46pm Jan 8, 2009 6:46pm
so the 5min AUDNZD moving average is more favourable then the 1 hour? ive had the 1hr demoed and has only made a few trades all week, tho all been winners... shall be interesting to see 5min results next week
Grabbing the bull by the horns!
  • #877
  • Jan 8, 2009 6:52pm Jan 8, 2009 6:52pm
Quoting nanningbob
To develop each individual currency you need to use my 7 year Fact sheet. I last updated it the first week of November. According to it the biggest one day move for gbp/usd was 922 pips. The biggest 1 day move for the Aud/usd is 695. You cant expect it to work the same. The gbp/usd will need different numbers to work.
Agreed, that is why I want to use ATR, It will change with each currency.

I have managed to program ATR into your EA & i'm testing at the moment on the strategy tester, I have discovered the biggest problem now is opening gaps or sudden moves early in the morning, so I filtered midnight to 8am out
and can now run GBP/USD for 2008 with no SL being hit.

Anyway I'm off to bed now it's 1am here.

Steve.
  • #878
  • Jan 8, 2009 10:18pm Jan 8, 2009 10:18pm
Quoting Arnold49
Agreed, that is why I want to use ATR, It will change with each currency.

I have managed to program ATR into your EA & i'm testing at the moment on the strategy tester, I have discovered the biggest problem now is opening gaps or sudden moves early in the morning, so I filtered midnight to 8am out
and can now run GBP/USD for 2008 with no SL being hit.

Anyway I'm off to bed now it's 1am here.

Steve.
Great job, Thanks. When you get a chance post a pic of your screen. I would like to see a visualization.

I think we need to open another thread and keep this one for the Aud/Nzd. If someone wants to do that, great, if not I can open one up maybe Sunday. I like to call this range trading, we dont really follow technicals even though we use MAs to start the trade and we only use fundamentals to stay out of real big moves. We want to trade a currencies range out side in. Let me know what you think.
  • #879
  • Jan 8, 2009 10:54pm Jan 8, 2009 10:54pm
here is a template for the 5 min for a 5 digit broker

Have added all the 0's into the EA as well so nothing but the lot's needs attention.

Looking forward to your ATR version Steve.
Attached File(s)
File Type: mq4 30x20 buy sell EA.mq4   25 KB | 297 downloads
File Type: tpl 5min5digit.tpl   5 KB | 280 downloads
  • #880
  • Jan 8, 2009 11:44pm Jan 8, 2009 11:44pm
Quoting nanningbob
Great job, Thanks. When you get a chance post a pic of your screen. I would like to see a visualization.

I think we need to open another thread and keep this one for the Aud/Nzd. If someone wants to do that, great, if not I can open one up maybe Sunday. I like to call this range trading, we dont really follow technicals even though we use MAs to start the trade and we only use fundamentals to stay out of real big moves. We want to trade a currencies range out side in. Let me know what you think.
good idea, as im still using the original idea in this thread for an EA, and it may prove confusing if we dont seperate ie the multiple EA's that were discussed in the Holy Grail thread

ive gone live finally with my settings for the old method, hopefully go live with this new one in a month...
Grabbing the bull by the horns!
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