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Trading aud/nzd successfully

  • #1,121
  • Jan 26, 2009 6:25am Jan 26, 2009 6:25am
Quoting Tjpld
ROI: 216% Max DD: 5,50%
go live and your laughin!
Grabbing the bull by the horns!
  • #1,122
  • Jan 26, 2009 6:40am Jan 26, 2009 6:40am
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...
What is the spread on ITFX ? Their website has very bad design. However, given that they are NFA is a +++ point
  • #1,123
  • Jan 26, 2009 6:46am Jan 26, 2009 6:46am
Quoting whitegoodman
go live and your laughin!
I'll just sit back and watch how far I can take this thing.
Still is a very expensive lottery ticket. Only the odds are much better.^^

ROI now 230%
  • #1,124
  • Jan 26, 2009 6:49am Jan 26, 2009 6:49am
Quoting Tjpld
I'll just sit back and watch how far I can take this thing.
Still is a very expensive lottery ticket. Only the odds are much better.^^
what are your settings? It was trading for 85 days?

thanks in advance.
  • #1,125
  • Jan 26, 2009 6:56am Jan 26, 2009 6:56am
Quoting giraia_br
what are your settings? It was trading for 85 days?

thanks in advance.
No only a week or so. Last friday hardly any trades as price stayed in the no trade zone. Setting default. 1 minilot per 1000 USD thats why the ROI is so high.

Judging form the past chart this could go one for quite a while before blowing up.
Sharp rallys are very rare.
  • #1,126
  • Jan 26, 2009 2:12pm Jan 26, 2009 2:12pm
Quoting forexisfx
What is the spread on ITFX ? Their website has very bad design. However, given that they are NFA is a +++ point
Sorry if this has been answered but ITFX is short for?
  • #1,127
  • Jan 26, 2009 2:29pm Jan 26, 2009 2:29pm
Quoting Tjpld
No only a week or so. Last friday hardly any trades as price stayed in the no trade zone. Setting default. 1 minilot per 1000 USD thats why the ROI is so high.

Judging form the past chart this could go one for quite a while before blowing up.
Sharp rallys are very rare.
default 1hour 40MA 30x20?
Grabbing the bull by the horns!
  • #1,128
  • Jan 26, 2009 2:54pm Jan 26, 2009 2:54pm
Jup. 30x20 buy sell 1H AUD/NZD.
  • #1,129
  • Jan 26, 2009 5:42pm Jan 26, 2009 5:42pm
nanningbob had made big complains about IBFX on another thread and it caught the attention of IBFX staff. Right now they are looking into nanningbob case. I bet those IBFX staff will be looking at his EA now in this thread.

I think IBFX will be fully aware of this EA very soon. It will be interesting to see what will happen in the coming months.
  • #1,130
  • Jan 26, 2009 6:07pm Jan 26, 2009 6:07pm
Quoting forexisfx
nanningbob had made big complains about IBFX on another thread and it caught the attention of IBFX staff. Right now they are looking into nanningbob case. I bet those IBFX staff will be looking at his EA now in this thread.

I think IBFX will be fully aware of this EA very soon. It will be interesting to see what will happen in the coming months.
they can become as aware as they like, im ditching ibfx... but yeh less brokers know the better
Grabbing the bull by the horns!
  • #1,131
  • Jan 26, 2009 7:22pm Jan 26, 2009 7:22pm
Quoting whitegoodman
they can become as aware as they like, im ditching ibfx... but yeh less brokers know the better
I just spoke to IBFX. They told me they are a straight through trading broker, thats why their spreads widen at times. She assured me that IBFX doesn't even see our trades. Don't know what to think about Bob's problem but am anxious to hear IBFX's reply.
  • #1,132
  • Jan 26, 2009 7:58pm Jan 26, 2009 7:58pm
Quoting Toothman
I just spoke to IBFX. They told me they are a straight through trading broker, thats why their spreads widen at times. She assured me that IBFX doesn't even see our trades. Don't know what to think about Bob's problem but am anxious to hear IBFX's reply.
funny cos the guy over at MB (customer support) quoted me a spread range of 2-10 pips for the audnzd throughout our convo, at the same time ibfx was going mad 20-50pips...
Grabbing the bull by the horns!
  • #1,133
  • Jan 26, 2009 8:06pm Jan 26, 2009 8:06pm
I closed my account at MB Trading last month because of their lousy platform. They claim to be going to MT-4. Not too sure how that's going to work, or is working. I do know their spreads on the GBP/USD were fluctuating between 3-7 PIPS for quite some time. Also, with all due respect to the MB thread, you get double talk from them, and there's an awful lot of AVID fans of MB trading that always rush to their defense. Their platform sucked, and they were defending it only a month or so bac. If it didn't suck, why were they saying for years that it was good, and yet are now switching to MT-4. I'd wait until the bugs are out before I consider MB trading.
  • #1,134
  • Jan 26, 2009 8:12pm Jan 26, 2009 8:12pm
Asw far as the double speak from them, and what I mean, they make this silly claim that you could get filled at the bid. Yet, many people posted that their "bid" prices were never filled. What it amnount to is simply a limit order the same as you'd do on Interbank, and hope to get filled. I don't trust MB Trading. They simply want customers, and will tell people anything to get them in. I don't like double talkers, who think everyone is a jerk and will believe whatever they have to say as far as fill prices. That being said, if they really do have MT-4 capabilities, and don't have any reason to mess with the spread, would be better than the fiasco Bob went through with Interbank.
  • #1,135
  • Jan 26, 2009 8:34pm Jan 26, 2009 8:34pm
Quoting Toothman
Sorry if this has been answered but ITFX is short for?
It stands for I trade FX, they are a relatively new company. When they opened I tried to download their new platform and trade but I couldnt get it to work so I stopped my investigation of them. They now have the MT4 platform and I have been using it for about a week as a demo. With their 5 pip spread on the Aud/Nzd even if they do some slippage my EAs are working very well on their demo. Obviously they would have to pull some really funny stuff to equal IBFX 40-50 pip spreads we have been experiencing with them. I am thinking of opening an account with them and seeing how a live account works and then seeing how quickly they pay if you are making money. Like I said earlier they are only 10 miles from my house in Florida and when I go home next summer I can visit them. To open an account is only 300 bucks so it wont be a big risk to try them out. I know demos are different than live but the profitablilty between them and IBFX right now is major money. I made 66 bucks on my live account with IBFX yesterday even with all the problems I had but the ITFX demo using the same EA my money made would have been over double. I got profit taken on the trades I complained about in the other thread with them but not with the IBFX live trades. So 66 versus about 150 profit is enough of a difference to consider changing.
  • #1,136
  • Jan 27, 2009 2:11am Jan 27, 2009 2:11am
Quoting whitegoodman
funny cos the guy over at MB (customer support) quoted me a spread range of 2-10 pips for the audnzd throughout our convo, at the same time ibfx was going mad 20-50pips...
Wow 2-10? Can you imagine how efficient nanningbobs EA would be?
Even with horrible spreads my ROI is now 300%.
Yester day evening the EA suddenly closed all open order that's why there is a crack in the balance curve.
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  • #1,137
  • Jan 27, 2009 2:26am Jan 27, 2009 2:26am
sorry is the wrong thread, but why don't you take the AUD/CAD pair. there is constant 12 pips. not at sunday night if broker start streaming quotes but in the morning 6 gmt everything is fine. of course 2-10 pips is much better.

i use AUD/CAD 1h 35x25 lots 0.3 multiply x2 leverage 400:1 3000$ Balance and everything is fine if you avoid high impact news (and oil news)
  • #1,138
  • Jan 27, 2009 2:44am Jan 27, 2009 2:44am
Quoting der stratege
sorry is the wrong thread, but why don't you take the AUD/CAD pair. there is constant 12 pips. not at sunday night if broker start streaming quotes but in the morning 6 gmt everything is fine. of course 2-10 pips is much better.

i use AUD/CAD 1h 35x25 lots 0.3 multiply x2 leverage 400:1 3000$ Balance and everything is fine if you avoid high impact news (and oil news)
That's what I thought about the AUD/CAD too. Pretty sensitive to Oil news.
There are alot of cases where price leaves the last MA are those only caused by oil news?
  • #1,139
  • Jan 27, 2009 5:02am Jan 27, 2009 5:02am
Quoting Tjpld
That's what I thought about the AUD/CAD too. Pretty sensitive to Oil news.
There are alot of cases where price leaves the last MA are those only caused by oil news?
I have tried the AUD/CAD pair but it will occasionally have a long run that will push it outside the range of the 35x20 EA. You could probably use some bigger numbers and it would work but I have not focused on that pair. The Aud/nzd worked perfectly until they increased the spread range. Let us know your results and what you think might work with it.
  • #1,140
  • Jan 27, 2009 5:10am Jan 27, 2009 5:10am
Just a reminder that there is a FOMC statement and interest rate news for NZD tomorrow Wednesday afternoon. You may not want to be in the market at that time.
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