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Trading aud/nzd successfully

  • #941
  • Edited 1:13pm Jan 12, 2009 12:11pm | Edited 1:13pm
I'm trying to edit the 30x20 buy sell ea 5m 120ma but the Meta editor won't let me change any settings. I need to make it a 5 digit ea. Is this code locked somehow?

Never mind, fixed it.....
  • #942
  • Jan 12, 2009 2:16pm Jan 12, 2009 2:16pm
BTW, does anybody have any insight into what news should be avoided regarding this pair?
"The market giveth and the market taketh away"
  • #943
  • Jan 12, 2009 3:46pm Jan 12, 2009 3:46pm
I've been trolling forexfactory to find code that could be implemented in the ea's and have found the following post by

EAProgrammer (that's his handle)

You can use the following code wrap around your OrderSend()

if ( MarketInfo( Symbol(), MODE_SPREAD) < 8 )
{
OrderSend(); // Your regular OrderSend Function
}
__________________
If everyone believes it, it will work.

Now I don't know enough about coding to be able to implant it in the 35x20
Does anyone here have the balls to try?
I think this would be a great tool to have to control entries in auz/nzd. and built right into bob's ea's.
  • #944
  • Jan 12, 2009 4:34pm Jan 12, 2009 4:34pm
Quoting urbanFX
BTW, does anybody have any insight into what news should be avoided regarding this pair?
i think the main ones would be NZ and AUS interest rate announcements... also major global announcements (i think the automotive announcement made this currency pair go bonkers from memory - dont really understand why)
Grabbing the bull by the horns!
  • #945
  • Jan 12, 2009 4:56pm Jan 12, 2009 4:56pm
I'm new to the forum, hello all.
I live in New Zealand and watch the AUSNZD as it is our main currency pair during the day - our market is 10am to 6pm NZ time.
London is 9PM to 5AM NZ time
New York is 2AM to 10AM NZ time
Tokyo is 12PM to 8PM NZ time
I tried to run your 30X20 120MA 5min in the strategy tester and also in a demo account on the 5min chart.
My brokers use 5 digit pips.
In strategy tester I get this repeated over and over:
2009.01.13 11:47:59 2009.01.09 17:59 30x20 buy sell EA 5M 120MA AUDNZD.,M5: OrderSend error 130

When run in a demo account it seems to return a constant loss.
Am I doing something wrong? Are there any regional time settings I need to make. Are there any times of day I shouldn't trade with this EA?
I'm not a programmer, so any help or advice would be appreciated, thankyou.
  • #946
  • Jan 12, 2009 5:28pm Jan 12, 2009 5:28pm
Quoting mbrook
I'm new to the forum, hello all.
I live in New Zealand and watch the AUSNZD as it is our main currency pair during the day - our market is 10am to 6pm NZ time.
London is 9PM to 5AM NZ time
New York is 2AM to 10AM NZ time
Tokyo is 12PM to 8PM NZ time
I tried to run your 30X20 120MA 5min in the strategy tester and also in a demo account on the 5min chart.
My brokers use 5 digit pips.
In strategy tester I get this repeated over and over:
2009.01.13 11:47:59...
Are your Moving averages working correctly?
You have a 5 digit broker. try this ea in DEMO only. I've hacked around in it to make it a 5 digit ea. you must be sure it works correctly and understand what it is trying to accomplish before ever going live.

The ex4 and mq4 go into the experts folder. The mq4 file can be edited and compiled to create the ex4 file which is the ea. anyway, That's how I understand it .
Attachment
Attached File(s)
File Type: ex4 30x20 buy sell EA 5M 120MA 5digit.ex4   24 KB | 280 downloads
File Type: mq4 30x20 buy sell EA 5M 120MA 5digit.mq4   25 KB | 361 downloads
  • #947
  • Jan 12, 2009 5:31pm Jan 12, 2009 5:31pm
Quoting Tradster
I've been trolling forexfactory to find code that could be implemented in the ea's and have found the following post by

EAProgrammer...
Which EA is it exactly that you want it done to?
'cause I'll have a go tomorrow evening.

Steve.
  • #948
  • Jan 12, 2009 5:34pm Jan 12, 2009 5:34pm
Quoting Tjpld
9 Trades this week sofar. Seems odd. Last week it made 24 in total.
Did not change any settings.
Number of trades depends on price action. The more time price spends over the green lines bouncing around the more trades you get. Slow days you will be crying for a trade.
  • #949
  • Jan 12, 2009 5:43pm Jan 12, 2009 5:43pm
I'm a long way from going live yet
How do I check my moving averages are working?
  • #950
  • Jan 12, 2009 5:46pm Jan 12, 2009 5:46pm
Quoting urbanFX
BTW, does anybody have any insight into what news should be avoided regarding this pair?
Dont know. I havent seen anything that makes it go entirely whacko but once in a while there is news that makes it go just beyond the range of my both direction EAs. One reason I love trading this pair is it doesnt go on these long trends like other pairs do. It is hard to guess when these trends happen and how long they will run.

These newer EAs have that extra range that covers those events so far. The biggest problem with trading NZD is the sudden out of nowhere spikes of hundreds (sometimes thousands) of points over a couple of seconds. I have had it happen only once using my EAs and I reported about that earlier in the thread. IBFX at that time undid the spike and each broker handles them differently but there are no guarantees of how brokers handle them. A lot of people blame the brokers and yes I am sure there are some that take advantage of people that way but I think more often they are done by the banks to clear people out so they can get the best prices for their orders when everyone jumps back into the market. They clear everyone out and their orders are first in line.



I hate those guys who teach 20-30 pip stop losses, I cant tell you how many successful trades I would have had if I had been taught to be more generous with my SL. That is why I like multiple reentries, I feel I am punishing those banks/brokers that clear out trades by getting a bigger entrance versus a stop loss. Enough preachin for one day.
  • #951
  • Jan 12, 2009 5:47pm Jan 12, 2009 5:47pm
Quoting Arnold49
Which EA is it exactly that you want it done to?
'cause I'll have a go tomorrow evening.

Steve.
The 30x20 buy sell ea 5m
I figure That once I have one done I can figure out how to do it to others.

With spread control it may make it more profitable but then again we may find that it doesn't open enough trades too.
Thank you for your effort here.
  • #952
  • Jan 12, 2009 5:49pm Jan 12, 2009 5:49pm
Quoting mbrook
I'm a long way from going live yet
How do I check my moving averages are working?
do they look right on the chart?
  • #953
  • Jan 12, 2009 6:34pm Jan 12, 2009 6:34pm
AUDNZD Is everyone hanging on for the thrill ride tonite? woohoooooooo
  • #954
  • Jan 12, 2009 6:38pm Jan 12, 2009 6:38pm
could use a retrace about right now lol
just triggered max 5th trade.....
  • #955
  • Jan 12, 2009 6:45pm Jan 12, 2009 6:45pm
I just got hit with $ 261 loss with the 5m Was a fun ride though
  • #956
  • Jan 12, 2009 6:47pm Jan 12, 2009 6:47pm
AUD/NZD pushing up to 1.2, hell of a climb today.

120MA. Do I just add a MA indicator to the chart and modify the value for 120?
  • #957
  • Jan 12, 2009 6:57pm Jan 12, 2009 6:57pm
Quoting mbrook
AUD/NZD pushing up to 1.2, hell of a climb today.

120MA. Do I just add a MA indicator to the chart and modify the value for 120?

use this indicator, put it into the first template folder restart mt4. make sure Expert advisor button on mt4 is turned off. If an Ea starts up then remove it and replace with the one you got for the 5 digit broker. Chart should look something like this. This is what we do not want to happen. Stopped out with a loss.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 40 KB
Attached File(s)
File Type: tpl 30x20 buysell 5m.tpl   3 KB | 242 downloads
  • #958
  • Jan 12, 2009 7:07pm Jan 12, 2009 7:07pm
Quoting Tradster
use this indicator, put it into the first template folder restart mt4. make sure Expert advisor button on mt4 is turned off. If an Ea starts up then remove it and replace with the one you got for the 5 digit broker. Chart should look something like this. This is what we do not want to happen. Stopped out with a loss.
Ok I see no major news story, what is going on down under??
  • #959
  • Jan 12, 2009 7:11pm Jan 12, 2009 7:11pm
Hit stop loss on 5M but 1H handled it so far. It hit the 5th level retraced for profit and now reentered.
Attached Image (click to enlarge)
Click to Enlarge Name: 1h 30x20 aud nzd.gif Size: 18 KB
  • #960
  • Jan 12, 2009 7:19pm Jan 12, 2009 7:19pm
ok, thanks

Now I see the MA lines
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