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Trading aud/nzd successfully

  • #901
  • Jan 10, 2009 12:24am Jan 10, 2009 12:24am
I am with IBFX and I dont think there are min or max on transferring one account to another. I do believe you have to start a new account with 250 dollars. If you open a second account I think you can transfer any sum you want from an existing IBFX account. Check with them to make sure.
  • #902
  • Jan 10, 2009 12:28am Jan 10, 2009 12:28am
5M account produced 17 winning trades in 4 days for an average of 2.05 on each winning trade group. That was at .05 per lot.
  • #903
  • Jan 10, 2009 2:56am Jan 10, 2009 2:56am
Quoting Tradster
sorry, but I'm all confused about what pairs are being talked about and what ea's are being used on what and ..... is it the 5min chart or the 1 hr chart.

I'm happily trading the 35x20 on audnzd live with beautiful gains.
Yes and you will continue to do so. I am only looking for a little bit more range than that one. If the spreads ever go back to normal I like that EA a lot but as you may have read earlier I am expecting some volatility with all the big news that will come out ahead. The car companies, some insurance companies, and Obama's first 100 days I believe will cause the markets to be more volatile than normal. My second desire was to trade bigger lots and that meant fewer levels. However, the 35x20 will work great as long as the Aud/nzd stays in its 200 pip range all the time. I dont see any of these news stories affecting this pair that much but you never know. Anyway, I have an account with 30+ bucks in it and I want to see if I can develop an EA that uses little margin. I think I have found it. Please post your results of the 35x20 and keep us updated. Thank you.
  • #904
  • Jan 10, 2009 4:21pm Jan 10, 2009 4:21pm
35X20 original ea converted to 5 digit broker
5 digit broker live
starting capital $1600 10 cents/pip first level
24/5 spreads between 30 to 9 pip swings

Bob, You were doing nickels with $500 capital, right?
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  • #905
  • Jan 10, 2009 7:06pm Jan 10, 2009 7:06pm
Quoting Tradster
35X20 original ea converted to 5 digit broker
5 digit broker live
starting capital $1600 10 cents/pip first level
24/5 spreads between 30 to 9 pip swings

Bob, You were doing nickels with $500 capital, right?
what initial lot size you employing there?
Grabbing the bull by the horns!
  • #906
  • Jan 10, 2009 7:42pm Jan 10, 2009 7:42pm
Quoting Tradster
35X20 original ea converted to 5 digit broker
5 digit broker live
starting capital $1600 10 cents/pip first level
24/5 spreads between 30 to 9 pip swings

Bob, You were doing nickels with $500 capital, right?
Yes and No. On Mondays and Tuesdays I would use a higher and lower it later in the week when price was more volatile. I also would use higher lots Jpy session to USA open. .05 is pretty safe with 500 dollars though. Just to show the difference I am using .05 with my 30 dollar account and .15 with my 160 account with the new system 30x20 5m and 1H. It uses much less margin than the 35x20 but you are trading both ways so of course you will use more. It comes down to what you are comfortable with. Even though I believe the 35x20 is a great and profitable system it will only work with the Aud/Nzd. I am trying to expand my currencies use so I will be experimenting with some other numbers. It is good you keep us posted on how well it is working.
  • #907
  • Jan 10, 2009 8:16pm Jan 10, 2009 8:16pm
Quoting whitegoodman
what initial lot size you employing there?
Initial lot size 0.01 standard acct = 10 cents per pip

I will need to look at the 5m version
  • #908
  • Jan 11, 2009 12:22am Jan 11, 2009 12:22am
Quoting Tradster
Initial lot size 0.01 standard acct = 10 cents per pip

I will need to look at the 5m version
Yes the newer EAs are better for those who have standard accounts and can only trades dimes.
  • #909
  • Jan 11, 2009 12:28am Jan 11, 2009 12:28am
Quoting nanningbob
Yes the newer EAs are better for those who have standard accounts and can only trades dimes.
yeh is very good, means we can go local brokers etc not just ibfx who offer pennies
Grabbing the bull by the horns!
  • #910
  • Jan 11, 2009 1:37am Jan 11, 2009 1:37am
If this new ea will work with standard accounts I have very good news for everyone. The broker http://www.investtechfx.com/ offers a 5 pip spread for Aud/Nzd. Please be aware the smallest lot size they offer is .10 which is $1 per pip. For this reason I have not really gave them much thought previously. From what I have heard they are a true ecn broker that is highly regulated in Canada.
  • #911
  • Jan 11, 2009 1:43am Jan 11, 2009 1:43am
I would not open an account with this broker. There are to many questions that remain about this broker. If you use this broker beware of them, use at your own risk.


Regards,
Jeff



Quoting toyoproxo
If this new ea will work with standard accounts I have very good news for everyone. The broker http://www.investtechfx.com/ offers a 5 pip spread for Aud/Nzd. Please be aware the smallest lot size they offer is .10 which is $1 per pip. For this reason I have not really gave them much thought previously. From what I have heard they are a true ecn broker that is highly regulated in Canada.
  • #912
  • Jan 11, 2009 5:02am Jan 11, 2009 5:02am
My weekly performance.
Used standard settings just as it is on AUD/NZD 1H. mini-Account.
Could have been a little more aggressive.
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  • #913
  • Jan 11, 2009 6:49am Jan 11, 2009 6:49am
Tradster, over what period is this?

Quoting Tradster
35X20 original ea converted to 5 digit broker
5 digit broker live
starting capital $1600 10 cents/pip first level
24/5 spreads between 30 to 9 pip swings

Bob, You were doing nickels with $500 capital, right?
"The market giveth and the market taketh away"
  • #914
  • Jan 11, 2009 7:31am Jan 11, 2009 7:31am
If you guys have a 5 digit working program of my 30x20 5M and 30x20 1H, I would like to post them on my front page. Some guys are getting confused over which EA is which.
  • #915
  • Edited 8:43am Jan 11, 2009 8:13am | Edited 8:43am
Quoting nanningbob
If you guys have a 5 digit working program of my 30x20 5M and 30x20 1H, I would like to post them on my front page. Some guys are getting confused over which EA is which.
Yup! confused juz like me, but i`ll try the 5m 30X20 EA default setting on 10 pairs tommorow, then see how it goes....wish me luck!! ^_^

Nanningbob is number EA programmer! applaused!!

Thankx Nanning Bob
  • #916
  • Jan 11, 2009 8:39am Jan 11, 2009 8:39am
Quoting urbanFX
Tradster, over what period is this?
1st Jan to 9th Jan
  • #917
  • Jan 11, 2009 1:23pm Jan 11, 2009 1:23pm
Quoting sniperfox84
Yup! confused juz like me, but i`ll try the 5m 30X20 EA default setting on 10 pairs tommorow, then see how it goes....wish me luck!! ^_^

Nanningbob is number EA programmer! applaused!!

Thankx Nanning Bob
10 pairs? haha... good luck.
  • #918
  • Jan 11, 2009 3:24pm Jan 11, 2009 3:24pm
I'm sorry, but I'm confused again. Kind of a habit with me.
There's the 30X20 buy sell Ea.ex4 and now there's a 5M 30X20 zip which also contains a 30X20 buy sell Ea.ex4

5m stands for 5 min TF, right?

Are they the same? If not please can some one clarify....
  • #919
  • Jan 11, 2009 4:20pm Jan 11, 2009 4:20pm
Maybe they just use the same name which would be conflicting if you want to use both on the same MT4. I've copied the M5 one into another copy of my original Metatrader. So I run 2 instances of MT4 one with M5 and one with 1H. Any recommendations on the settings?
  • #920
  • Edited 6:25pm Jan 11, 2009 5:32pm | Edited 6:25pm
Quoting Tradster
I'm sorry, but I'm confused again. Kind of a habit with me.
There's the 30X20 buy sell Ea.ex4 and now there's a 5M 30X20 zip which also contains a 30X20 buy sell Ea.ex4

5m stands for 5 min TF, right?

Are they the same? If not please can some one clarify....

The one with the 5M takes its signals off of the 5M chart and a 120MA. It starts 50 pips above and 40 pips below the MA. It is set at .10 lots and has a 150 stop loss 1.8 multiplication. The yellow line is the stop loss line. The 5M will do more trades than the 1H. On my live trading I am using 4 levels but this one contains 5 levels. The reason is I started using only 28 dollars at .05 so I want to use fewer levels to keep from margining out.

The other one takes its signals off of the 1H chart and a 40 MA. It starts 80 pips above and 70 pips below the MA. It is set at .10 lots and has a 150 stop loss 1.8 multiplication. The first red line is the last reentry and the second red line is the stop loss. The 5M one will do more trades. We are comparing the two right now. Both are set at .10 lots, you can change them to what you want. I hope this clears up some confusion.

These are different from the ones placed on the first post, first page, which buy and sell both directions at the same time. These are the same EAs I am testing on live accounts right now.
Attached File(s)
File Type: zip 5M 30x20 120MA.zip   24 KB | 447 downloads
File Type: zip 1H 30x20 40MA.zip   24 KB | 403 downloads
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