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Trading aud/nzd successfully

  • #1,101
  • Jan 23, 2009 7:22am Jan 23, 2009 7:22am
Well, using the original 35x20, I have grown my account by another 25ish percent this week. Tkaes my gains to nearly 60% for the month
"The market giveth and the market taketh away"
  • #1,102
  • Jan 23, 2009 8:02am Jan 23, 2009 8:02am
Don't forget banking profits!
  • #1,103
  • Jan 23, 2009 10:01am Jan 23, 2009 10:01am
http://www.forexfactory.com/showthre...00#post2489900

Go to this thread to see my results of the 60x40 trading on a 5M chart. Page 6 post 82
  • #1,104
  • Jan 23, 2009 11:38pm Jan 23, 2009 11:38pm
Quoting whitegoodman
i was planning on going live next week but if the spreads/liquidity remains the same might have to give it a miss till january... or run the 50x20 audnzd that verto uses (if you dont know look in his sig).
I was wondering how I could possibly change the EA’s settings the same way as listed in Verto’s signature:


Aud/Nzd
50x20
1.3x
9 levels
MM on, 4% risk
250 stoploss setting
Lowered the levels by one and raised the mulipulter by 0.1 to 1.3x from 1.2x.

35x20
1.6x
7 levels
MM on, 2% risk
200 stoploss setting

Aud/Cad
50x20
1.3x
9 levels
MM on, 2% risk
250 stoploss setting


In particular, what templates (and timeframe) are used with the 50x20 trading? I couldn’t find the answer anywhere. Is there a specific EA for 50x20? And how to adjust the risk level?

Sorry about too basic questions!
  • #1,105
  • Jan 24, 2009 12:15am Jan 24, 2009 12:15am
Quoting michaelhryu
I was wondering how I could possibly change the EA’s settings the same way as listed in Verto’s signature:


Aud/Nzd
50x20
1.3x
9 levels
MM on, 4% risk
250 stoploss setting
[font=Verdana][color=black][i]Lowered...
Go to the highlighted areas to change them to what you want in the program. Also, change the magic number on each different EA you do, so one ea is not shutting down trades from another EA

To change the parameters of a program go here:

extern string sb="--TRADE SETTING--";
extern double Lots = 0.10; // We start with this lots number
extern int TakeProfit = 30; // Profit Goal for the latest order opened
extern bool MyMoneyProfitTarget=False;
extern double My_Money_Profit_Target=50;
extern double multiply= 2.0;
extern int MaxTrades= 4; // Maximum number of orders to open
extern int Pips= 20; // Distance in Pips from one order to another
extern int StopLoss = 00; // StopLoss
extern int TrailingStop = 0;// Pips to trail the StopLoss
extern string MM="--MOney Management--"; // (from order 2, not from first order
extern string MMSwicth="if one the lots size will increase based on account size";
extern int mm=0; // if one the lots size will increase based on account size
extern string riskset="risk to calculate the lots size (only if mm is enabled)";
extern int risk=1; // risk to calculate the lots size (only if mm is enabled)
extern string accounttypes="0 if Normal Lots, 1 for mini lots, 2 for micro lots";
extern int AccountType=1; // 0 if Normal Lots, 1 for mini lots, 2 for micro lots
extern string magicnumber="--MAgic No--";
extern int MagicNumber=302130; // Magic number for the orders placed

To change the MA portion of the program go here in side the program and change these numbers:

Var3 = iMA(NULL, PERIOD_H1, 20, 1, MODE_LWMA, PRICE_MEDIAN, 0);
Var4 = iMA(NULL, PERIOD_H1, 1, 0, MODE_LWMA, PRICE_MEDIAN, 1);
Var5 = iMA(NULL, PERIOD_H1, 2, 1, MODE_LWMA, PRICE_CLOSE, 0);
Var6 = iMA(NULL, PERIOD_H1, 2, 1, MODE_LWMA, PRICE_OPEN, 0);
Var7 = iMA(NULL, PERIOD_H1, 2, 1, MODE_LWMA, PRICE_OPEN, 0);
Var8 = iMA(NULL, PERIOD_H1, 2, 0, MODE_LWMA, PRICE_LOW, 0);

//---- lot setting and modifications
//Sell order

if( Ask > Var3+(50*Point))

{
myOrderType=1;//SELL
}

//buy order

if( Bid < Var3-(40 * Point))
{
myOrderType=2;//BUY
}

return(myOrderType);
}
  • #1,106
  • Edited 12:40am Jan 24, 2009 12:17am | Edited 12:40am
Quoting michaelhryu
I was wondering how I could possibly change the EA’s settings the same way as listed in Verto’s signature:


Aud/Nzd
50x20
1.3x
9 levels
MM on, 4% risk
250 stoploss setting
[font=Verdana][color=black][i]Lowered...
The EA currently is alot different than those settings are for. I will have to update it with the new info here over the weekend, until them I'm rather busy.
  • #1,107
  • Jan 24, 2009 2:10am Jan 24, 2009 2:10am
Quoting michaelhryu

In particular, what templates (and timeframe) are used with the 50x20 trading? I couldn’t find the answer anywhere. Is there a specific EA for 50x20? And how to adjust the risk level?

Sorry about too basic questions!
there is no requirement of any particular template or time frame. You can attach to any chart.
You are referring to older version of EA where entries start right away once you start your EA. Present EAs start trading at certain distance froma middle point which gives more safety and variety.
I the properties tab of the EA you can select the risk level you want with 4 settings. TP, Pips, multiplication and levels.
Fun to play around with.
"Put all your efforts in becoming effortless"
  • #1,108
  • Jan 24, 2009 4:32am Jan 24, 2009 4:32am
Quoting urbanFX
Well, using the original 35x20, I have grown my account by another 25ish percent this week. Tkaes my gains to nearly 60% for the month
Urban please what is your lot size to account size ratio?




Charles.
  • #1,109
  • Jan 24, 2009 5:32am Jan 24, 2009 5:32am
Quite small Charles. I started with $400 and 0.04.

Quoting Charlyeze
Urban please what is your lot size to account size ratio?




Charles.
"The market giveth and the market taketh away"
  • #1,110
  • Jan 24, 2009 5:33am Jan 24, 2009 5:33am
Just bear in mind though, I use the ORIGINAL 35x20 not one of the new variants that opens x amount of pips from the MA
"The market giveth and the market taketh away"
  • #1,111
  • Jan 24, 2009 9:18am Jan 24, 2009 9:18am
Quoting urbanFX
Quite small Charles. I started with $400 and 0.04.
ok Urban.1 penny to every 100 dollars.Or 1 dime to every 1000 dollars then.
Thanks.
  • #1,112
  • Jan 24, 2009 7:05pm Jan 24, 2009 7:05pm
Quoting urbanFX
Just bear in mind though, I use the ORIGINAL 35x20 not one of the new variants that opens x amount of pips from the MA
What broker are you using?? IBFX spread has gotten so big I quit trading the AUD/NZD with the origianal method. The risk to reward ratio had gotten too big. If they would keep the spread under 20 all the time it works just fine but with the spread going to 40-50 pips at times its just gotten too hard to get my retrace. If the market takes a run you have no chance of getting the retrace.
  • #1,113
  • Jan 24, 2009 7:20pm Jan 24, 2009 7:20pm
hey would someone be able to tell me whats in each column here.... i clicked on the daily graph the pressed control S, its got all the data but i dont know what the columns are...
Attached File(s)
File Type: xls AUDUSD1440 excel1.xls   353 KB | 291 downloads
Grabbing the bull by the horns!
  • #1,114
  • Jan 25, 2009 10:18am Jan 25, 2009 10:18am
I'm sad to say Bob that I'm still with ibfx, however, once I grow the account to dime status I am outta there. Even though the spreads are still so high at times, I grew my account by 35% last week and a further 21% this week. And just to mention, I am trading with slightly less risk then the original EA was using

Quoting nanningbob
What broker are you using?? IBFX spread has gotten so big I quit trading the AUD/NZD with the origianal method. The risk to reward ratio had gotten too big. If they would keep the spread under 20 all the time it works just fine but with the spread going to 40-50 pips at times its just gotten too hard to get my retrace. If the market takes a run you have no chance of getting the retrace.
"The market giveth and the market taketh away"
  • #1,115
  • Jan 25, 2009 10:24am Jan 25, 2009 10:24am
Hey White,

Just taking a flyer here, but I am guessing they are as follows:
A - Date
B - Time
C - Open
D - High
E - Low
F - Close
G - Ummm no idea

Hope that helps

Quoting whitegoodman
hey would someone be able to tell me whats in each column here.... i clicked on the daily graph the pressed control S, its got all the data but i dont know what the columns are...
"The market giveth and the market taketh away"
  • #1,116
  • Jan 25, 2009 4:47pm Jan 25, 2009 4:47pm
Quoting urbanFX
Hey White,

Just taking a flyer here, but I am guessing they are as follows:
A - Date
B - Time
C - Open
D - High
E - Low
F - Close
G - Ummm no idea VOLUME

Hope that helps
just completed the flyer
  • #1,117
  • Jan 25, 2009 9:50pm Jan 25, 2009 9:50pm
Quoting urbanFX
I'm sad to say Bob that I'm still with ibfx, however, once I grow the account to dime status I am outta there. Even though the spreads are still so high at times, I grew my account by 35% last week and a further 21% this week. And just to mention, I am trading with slightly less risk then the original EA was using
Thanks for the update. I am testing ITFX right now they have nice spreads and from my home in Florida they are less than 10 miles away. My next trip back from China I am going to stop in their offices and check the place out. I am trading the AUD/NZD with other pairs and doing nicely so far with taking the middle out. But I love the original 35x20, I was making some nice money with that but I am waiting for NZD news to settle. I think that run on the NZD maybe over so I may get back in. I looked at IBFX this morning and saw a 52 pips spread. IN another thread an IBFX spokesperson started a thread and has been getting beat up over the spreads. I downloaded MBT MT4 but I cant get it to work. They may not be ready yet. Keep in touch and let me know what is working. I have really liked IBFX over the years but their spreads are preventing me from making the kind of money I was used to making. I know the 35x20 still works but the risk to reward ratio is so much higher now.
  • #1,118
  • Jan 25, 2009 10:27pm Jan 25, 2009 10:27pm
Quoting nanningbob
Thanks for the update. I am testing ITFX right now they have nice spreads and from my home in Florida they are less than 10 miles away. My next trip back from China I am going to stop in their offices and check the place out. I am trading the AUD/NZD with other pairs and doing nicely so far with taking the middle out. But I love the original 35x20, I was making some nice money with that but I am waiting for NZD news to settle. I think that run on the NZD maybe over so I may get back in. I looked at IBFX this morning and saw a 52 pips spread. IN...
ive also been looking at mbt... maby once they are up and running all the issues and bugs will be worked out... the commissions are worth it considering the spread you will get.
Grabbing the bull by the horns!
  • #1,119
  • Jan 26, 2009 2:44am Jan 26, 2009 2:44am
Go to this thread p. 4 and see pics of a trade with IBFX see how they are messing with it.


http://www.forexfactory.com/showthre...=1#post2493412
  • #1,120
  • Jan 26, 2009 5:52am Jan 26, 2009 5:52am
ROI: 216% Max DD: 5,50%
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