Trading aud/nzd successfully | Page 61 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies

Trading the Waves successfully- where and how! 0 replies

Anybody here successfully trading news? 61 replies

Movie clips for trading successfully 18 replies

Trading Successfully 27 replies

Attachments: Trading aud/nzd successfully
Exit Attachments

Trading aud/nzd successfully

  • #1,201
  • Edited 11:29am Jan 30, 2009 11:19am | Edited 11:29am
this is about having the multiplier slowed down, i'm trying to kick the Death trade range out into the 600 pip range and have the retractment still small like 20 pips. that way you have much more safety can trade news and leave it on 24/7 and a range like this you can.

you win to important pieces here you get farther distance to death trade much farther
you have smaller retraction like 20 pip and not having to use large ones like 100 just to have the range.
the markets moving, time to get in!
  • #1,202
  • Jan 30, 2009 12:03pm Jan 30, 2009 12:03pm
Quoting Charlyeze
Tj,your demo result is quite interesting.I suppose you are using 30x20 buy sell,80pips from MA? Whats your highest DD so far?

By the way,what's keeping you from going live;your results is even enough for anyone to go live with.

Thanks.


Charles.
Yes everything is standard. I adjust the lotsize manually and
it is bigger than the original. AUD/NZD. Don't like the AUD/CAD version.
DD was 5.50% untill the EA made so a mistake and closed the open orders altough
there was no reason to do this so its 13% now. Otherwise I'd still have 5.50%

What keeps me from going live? I want the accont to blow up.
It's foolish to trade an EA that hasn't blown up once. You won't know
what it looks like when things get ugly. If such high yield streaks are relativly common and easy to repeat I might start with some money.
Keep in mind that's not even 2 weeks I had a few days of. ROI 400%.
If it keeps behaving like in the past 2 weeks it should be repeatable again and again.

I closed the EA with even more profit for the weekend.

Why do people spend money on some fapping EA that only works during fullmoon?
Don't get it. That's the best here and it's free. I hardly say good things about EAs but
nanningbob really did a good job.
  • #1,203
  • Jan 30, 2009 12:41pm Jan 30, 2009 12:41pm
[quote=Tjpld;2505373]Yes everything is standard. I adjust the lotsize manually and
it is bigger than the original. AUD/NZD. Don't like the AUD/CAD version.
DD was 5.50% untill the EA made so a mistake and closed the open orders altough
there was no reason to do this so its 13% now. Otherwise I'd still have 5.50%...

Yes,Bob did,and has continued to do jobs that are wonderfully good! He has a large heart.

Ok,in order to push the ea harder,do you increment the lot size in proportion to the account increase?


Charles
  • #1,204
  • Jan 30, 2009 12:50pm Jan 30, 2009 12:50pm
[quote=Charlyeze;2505480]
Quoting Tjpld
Yes everything is standard. I adjust the lotsize manually and
it is bigger than the original. AUD/NZD. Don't like the AUD/CAD version.
DD was 5.50% untill the EA made so a mistake and closed the open orders altough
there was no reason to do this so its 13% now. Otherwise I'd still have 5.50%...

Yes,Bob did,and has continued to do jobs that are wonderfully good! He has a large heart.

Ok,in order to push the ea harder,do you increment the lot size in proportion to the account increase?


Charles
Yes once the day is over and all open orders are closed I adjust my lotsize. Otherwise the Account won't grow exponentially. I take 1 minilot for 1k USD. Now with 4800 USD. It's set to 4.8. That's 10 times its default setting. Otherwise with 0.1 for 1k the ROI would be 38% for 2 weeks is still awesome.
  • #1,205
  • Jan 30, 2009 1:50pm Jan 30, 2009 1:50pm
Here's a chart of what the AUD/CAD can do to you. I had a 45X30 EA on it with 5 levels and a stop at 250, PLUS the entry wasn't until it was 80 PIPS from center. I still got stopped out. This is the second or third time for this pair that I got stopped out, and I give up on it. It either goes up and up with little retrace, or down and down with little retrace.
Quoting Tjpld
Yes everything is standard. I adjust the lotsize manually and
it is bigger than the original. AUD/NZD. Don't like the AUD/CAD version.
DD was 5.50% untill the EA made so a mistake and closed the open orders altough
there was no reason to do this so its 13% now. Otherwise I'd still have 5.50%

What keeps me from going live? I want the accont to blow up.
It's foolish to trade an EA that hasn't blown up once. You won't know
what it looks like when things get ugly. If such high yield streaks are relativly common and easy to repeat I might start with...
Attached Image (click to enlarge)
Click to Enlarge Name: 1-30-09 audcad.gif Size: 31 KB
  • #1,206
  • Jan 30, 2009 1:57pm Jan 30, 2009 1:57pm
you could set it at 10 and you would be just fine.
you would have traveled about 1/2 the trade distance. on a 500 dollar account.

it would have reset at lease 3 time in it with a range of 500 pips
the markets moving, time to get in!
  • #1,207
  • Jan 30, 2009 2:07pm Jan 30, 2009 2:07pm
why would you have 1 leg
the other helps with hedging
the markets moving, time to get in!
  • #1,208
  • Jan 30, 2009 3:11pm Jan 30, 2009 3:11pm
Quoting dmjservices
you could set it at 10 and you would be just fine.
you would have traveled about 1/2 the trade distance. on a 500 dollar account.

it would have reset at lease 3 time in it with a range of 500 pips

Set what at 10?
  • #1,209
  • Jan 30, 2009 3:24pm Jan 30, 2009 3:24pm
you can look at it
the markets moving, time to get in!
  • #1,210
  • Jan 30, 2009 4:20pm Jan 30, 2009 4:20pm
dmjservices, I think I understand what you're getting at in your post, and you'd like an EA designed to do that. Would THIS be an alternative? Your first trade is made at, say, 80 pips from center, which is already at a good extreme. How about setting the EA to make just that ONE trade, with a 400 PIP SL, and no more trades on that EA. Once that trade is generated, you attach a second EA to trade at 140 PIPS away from there at .08 with the same 20 PIPS TP.

Or, couldn't one just set the existing EA to not take another trade until 160 PIPS away from trade number one, and use a multiple of 8 times, with a maximum of two trades?[/quote]


you would have 2 trades 1 long 1 short as it goes long every 20 pips you enter short doubling your risk amount .01 .02 .04 .08 ect... and it resets the long position each time too
that way when it retracts 20 it closes all short positions with a net gain to your account thats the martingale it works for a while but eventually it gets you because of the range vs retraction range if you can extend the range and keep retraction low you can survive news. other wize you have to have both high to survive news or stay out and have them low. with it low you get lot of trades and high you get fewer with more safty net.
the markets moving, time to get in!
  • #1,211
  • Jan 30, 2009 4:25pm Jan 30, 2009 4:25pm
Quoting dmjservices
dmjservices, I think I understand what you're getting at in your post, and you'd like an EA designed to do that. Would THIS be an alternative? Your first trade is made at, say, 80 pips from center, which is already at a good extreme. How about setting the EA to make just that ONE trade, with a 400 PIP SL, and no more trades on that EA. Once that trade is generated, you attach a second EA to trade at 140 PIPS away from there at .08 with the same 20 PIPS TP.

Or, couldn't one just set the existing EA to not take another trade until 160 PIPS away...

you would have 2 trades 1 long 1 short as it goes long every 20 pips you enter short doubling your risk amount .01 .02 .04 .08 ect... and it resets the long position each time too
that way when it retracts 20 it closes all short positions with a net gain to your account thats the martingale it works for a while but eventually it gets you because of the range vs retraction range if you can extend the range and keep retraction low you can survive news. other wize you have to have both high to survive news or stay out and have them low. with it low you get lot of trades and high you get fewer with more safty net.[/quote]

I am working on a similar concept now. I was thinking of posting it this week but came across a scenario that gives it a problem. Working on how to deal with the problem.
  • #1,212
  • Jan 30, 2009 4:59pm Jan 30, 2009 4:59pm
well well well....

this morning my first LIVE account was blown thanks to the EURGBP...

a lesson to all, dont go out drinking on a friday night with a level 2 trade still open...

i had worked my intial AUD $1500 to about $2100 in a week and a half. I arrived back at about 4am this morning (few hours left in US session) and I had margined out unfortuneatly... however i was 10 pips away from TP arghhhh!

well back to demoing for a bit...
Grabbing the bull by the horns!
  • #1,213
  • Jan 30, 2009 5:19pm Jan 30, 2009 5:19pm
Sorry to hear that, whitegoodman. I got stung on the EUR/USD in December.Haven't traded live since until I get a better handle on the best entries and exits.
Quoting whitegoodman
well well well....

this morning my first LIVE account was blown thanks to the EURGBP...

a lesson to all, dont go out drinking on a friday night with a level 2 trade still open...

i had worked my intial AUD $1500 to about $2100 in a week and a half. I arrived back at about 4am this morning (few hours left in US session) and I had margined out unfortuneatly... however i was 10 pips away from TP arghhhh!

well back to demoing for a bit...
  • #1,214
  • Jan 30, 2009 6:00pm Jan 30, 2009 6:00pm
grid = 10 pips

the red numbers 1 - 4 is to help you follow what going on

the EA would work kinda like 100x80
step 1 the red 1
at start open long & open short both would be .01 in our illustration
now the range is not set with any SL in this method
every 10 pips on this chart is what you need to reverse trend to closing loosing position.

step 1 all we have is 1 short and 1 long at .01

step 2 we have an increased 10+ pips for long position triggering a sell of .02 closing long position for .01x10=.10 profit.

step 2 closed long reopened new long and opened second short at .02
Long .01
short .01x (-10)
short .02

step 3 we have moved farther than 10 pips for reentry in fact it has moved 35 pips from step 2. instead of geting in every 10 pips .04 .08 .16 to continue the martingale. we prorate the distance of 35 pips instead
in this situation. the short losses are as followed
.01x45=.45 step 1 short
.02x35=.70 step 2 short
.45+.70=1.15
1.15 is current loss to calculate next short move to find the number we need to break even if trade moves short 10 pips . divide 1.15 by 10 = .115
now we cant risk .115 so minimum here would have to be .12
now if we were to follow every 10 pips and enter we would have entered 3 times over 35 pip gain and the entrys would be short .04 + short .08 + short .16 in addition to broker charges you have the move long against your martingale short. were as with my method we enter one time prorating the distance at a 10 pip rate.

step 3 close long position for +35 pips, open new long at .01, and open new short at .12 or better

step 4 when you have gone 3 steps deep it triggers as soon at is hits 10 pip reversal (in our instance). now it closes all short positions and opens new short at .01. opens one long at .02 keeping long from step 3. on to short loss vs win breakdown
.01X(-35) = -.35 loss
.02X(-25) = -.50 loss
.12X(+10)=+1.20 win

1.20
- .35
- .50
.35 profit

Step 4 close all short positions open new one at .01 open one long at .02
open positions
long .01
long .02
short .01

please ask questions. sorry if i'm not clear
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4 steps.jpg Size: 97 KB
Click to Enlarge Name: 4 steps 2.0.jpg Size: 97 KB
the markets moving, time to get in!
  • #1,215
  • Jan 30, 2009 6:55pm Jan 30, 2009 6:55pm
Quoting dmjservices
please ask questions. sorry if i'm not clear

looks very good to me... does anyone know how to program that though?
Grabbing the bull by the horns!
  • #1,216
  • Jan 30, 2009 8:30pm Jan 30, 2009 8:30pm
Quoting whitegoodman
well well well....

this morning my first LIVE account was blown thanks to the EURGBP...

a lesson to all, dont go out drinking on a friday night with a level 2 trade still open...

i had worked my intial AUD $1500 to about $2100 in a week and a half. I arrived back at about 4am this morning (few hours left in US session) and I had margined out unfortuneatly... however i was 10 pips away from TP arghhhh!

well back to demoing for a bit...
1. dont trade friday USA session
2. I am in the same trade with my new system and am only 4 levels deep so, so far so good.
3. I got in the trade because I was waiting for 3 other trades to win out but then I was too deep into that trade to just closed out
4. So now I violate my own rules and holding a trade over the weekend
5. That is not bad news however, it is the Eur/Gbp and that one doesnt gap as much as other currencies.
6. However, since I am in the trade, who wants to make a bet that the Eur/gbp will have its biggest weekend gap in history
  • #1,217
  • Jan 30, 2009 8:38pm Jan 30, 2009 8:38pm
Quoting nanningbob
1. dont trade friday USA session
2. I am in the same trade with my new system and am only 4 levels deep so, so far so good.
3. I got in the trade because I was waiting for 3 other trades to win out but then I was too deep into that trade to just closed out
4. So now I violate my own rules and holding a trade over the weekend
5. That is not bad news however, it is the Eur/Gbp and that one doesnt gap as much as other currencies.
6. However, since I am in the trade, who wants to make a bet that the Eur/gbp will have its biggest weekend gap in history...
eurgbp is hitting a support line aswell so good luck to you, and another expensive lesson learnt by me, however its part of the overall journey ill be back on the horse next week..
lucky i save cash well so i always have $1000 ready to trade again... ill try and post some more changes ive made to frosty's excel that will be of benefit for working out risk..

but yeh i would love to see what youve been wopking on bob and what currencies etc ur demo-ing
Grabbing the bull by the horns!
  • #1,218
  • Jan 30, 2009 8:42pm Jan 30, 2009 8:42pm
what problems do you see in my martin
the markets moving, time to get in!
  • #1,219
  • Jan 31, 2009 2:06am Jan 31, 2009 2:06am
Quoting whitegoodman
eurgbp is hitting a support line aswell so good luck to you, and another expensive lesson learnt by me, however its part of the overall journey ill be back on the horse next week..
lucky i save cash well so i always have $1000 ready to trade again... ill try and post some more changes ive made to frosty's excel that will be of benefit for working out risk..

but yeh i would love to see what youve been wopking on bob and what currencies etc ur demo-ing
The difference between IBFX and others is the ratio. I get to play with 400:1 so it takes a lot to get to 1000 dollars. If you are using 100:1 you would need 4000 to get to use the same margin usage. If you have 200:1 you then need 2000. Check your margin ratio so you dont get margined out again. Looking at the complaints about FXDD that seems to be the place they get people a lot, the Margin call. Tough to use 1000 dollars, any kind of martingale and lower ratios.
  • #1,220
  • Edited 2:55am Jan 31, 2009 2:44am | Edited 2:55am
Quoting nanningbob
The difference between IBFX and others is the ratio. I get to play with 400:1 so it takes a lot to get to 1000 dollars. If you are using 100:1 you would need 4000 to get to use the same margin usage. If you have 200:1 you then need 2000. Check your margin ratio so you dont get margined out again. Looking at the complaints about FXDD that seems to be the place they get people a lot, the Margin call. Tough to use 1000 dollars, any kind of martingale and lower ratios.
speaking of margin, if your looking to run this on say 20 currencies would it be advantageous if say you put currencies in a few groups and if theres a trade opened on one of those groups, none of the others in that group can open trades until the currency with the trades open close? (is this done by giving the same magic number?)
Grabbing the bull by the horns!
0 traders viewing now