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Trading aud/nzd successfully

  • #1,221
  • Jan 31, 2009 6:50am Jan 31, 2009 6:50am
Quoting whitegoodman
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?)
The way I have it most currencies only trade several times per week. So most of them arent trading at any one time. My biggest DD using .05 trades has been 200 dollars and that is because of the Eur/gbp trade. It actually trades double of other currencies so it is like setting it at .10 I am going to change it after this trade is done so my DD would not be much more than 100 dollars.
  • #1,222
  • Feb 1, 2009 4:18am Feb 1, 2009 4:18am
OK here it is, the complete system

http://www.forexfactory.com/showthre...=1#post2507114
  • #1,223
  • Feb 2, 2009 1:41am Feb 2, 2009 1:41am
Hey guys check the late Aud news Monday night on FF calendar. You may not want to be in the market at that time with the Aud/nzd.
  • #1,224
  • Feb 2, 2009 5:39am Feb 2, 2009 5:39am
Just 12 USD away from raising 1000 -> 5000. In about 2 Weeks.
  • #1,225
  • Feb 2, 2009 5:44am Feb 2, 2009 5:44am
Quoting Tjpld
Just 12 USD away from raising 1000 -> 5000. In about 2 Weeks.
live?
Grabbing the bull by the horns!
  • #1,226
  • Feb 2, 2009 5:46am Feb 2, 2009 5:46am
btw can anyone help with the the code for the EA, im in a trading comp at the moment but its with an ECN feed mt4 so theres issues with market exectutions or something...


"Scripts that use Instant Executions to place market orders with take profit and/or stop losses
http://messenger2.providesupport.com...ges/spacer.gifattached will not work. Instead, a market execution must be placed and then a take profit and/or
http://messenger2.providesupport.com...ges/spacer.gifstop loss added to the position"

anyone know how i can change the code a bit for the comp im in?
Grabbing the bull by the horns!
  • #1,227
  • Feb 2, 2009 5:49am Feb 2, 2009 5:49am
Quoting Tjpld
Just 12 USD away from raising 1000 -> 5000. In about 2 Weeks.
I am seriously comtemplating of embarking soon on a gamble escapade hoping to have a repeat of your demo performance.Think I need all the luck I can get!


Charles.
  • #1,228
  • Feb 2, 2009 5:53am Feb 2, 2009 5:53am
Quoting Charlyeze
I am seriously comtemplating of embarking soon on a gamble escapade hoping to have a repeat of your demo performance.Think I need all the luck I can get!


Charles.
I hope you do well, actually the biggest mistake I do with my EAs is I overtrade and hit margin calls. I will get 1-3% a day on my accounts and say man I can do better by increasing the risk. Well, everytime I do that the perfect storm comes and margins me out. So dont make the same mistake stay well within your margin and you will do well. For instance I have one account that has already done 2% today. My first thought is to add a penny or two and increase my profit. But that is wrong thinking, it is what always gets me into trouble. I learn my lessons the hard way.
  • #1,229
  • Feb 2, 2009 6:00am Feb 2, 2009 6:00am
Quoting nanningbob
My first thought is to add a penny or two and increase my profit. But that is wrong thinking, it is what always gets me into trouble. I learn my lessons the hard way.
i did the same thing if i had of been sensible id be laughing atm... i reckon 5% a week is comfortable using Bob's EA's.... i was getting 15% or so and hence it blew up
Grabbing the bull by the horns!
  • #1,230
  • Feb 2, 2009 6:07am Feb 2, 2009 6:07am
Quoting Charlyeze
I am seriously comtemplating of embarking soon on a gamble escapade hoping to have a repeat of your demo performance.Think I need all the luck I can get!


Charles.
Yeah it's demo. I need time to familiarize myself with the EA. Would be foolish to jump in live with an EA that has just been released a few weeks ago.
Actually the odds look pretty good that you can repeat over and over again.
There are many cases where the market behaved just like in the past two weeks.
The next thing I want to see is 5000 -> 25000 in the next two weeks if I can keep up with the performance.
  • #1,231
  • Feb 2, 2009 7:02am Feb 2, 2009 7:02am
Quoting Tjpld
Yeah it's demo. I need time to familiarize myself with the EA. Would be foolish to jump in live with an EA that has just been released a few weeks ago.
Actually the odds look pretty good that you can repeat over and over again.
There are many cases where the market behaved just like in the past two weeks.
The next thing I want to see is 5000 -> 25000 in the next two weeks if I can keep up with the performance.
Risk and reward goes hand in hand. If u earn a lot, it means u will lose a lot when the time comes. Like nanningbob said, don't margin out urself. The odds are good and u win most of the time becoz that's what a range trading system suppose to do. Many small win and very few big lose. Trend trading is the other way round. Just make sure that when the time comes for u to lose, don't regrade not having enough margin to hold it out (it happened to me before a few times in the past trading with this system)
  • #1,232
  • Edited 8:49am Feb 2, 2009 8:30am | Edited 8:49am
Quoting forexisfx
Risk and reward goes hand in hand.

Basically true but not 1:1. If you earn 20% p.a you can do that with a variety of risks. Otherwise something such as Sharpe Ration would be totally obsolete. So you can optimize the Risk to Reward. You could also make 1% p.a with huge risk.
  • #1,233
  • Feb 3, 2009 8:33am Feb 3, 2009 8:33am
Has anyone noticed but does it seem the aud/nzd spreads are not as wide lately? or was I lucky when I was watching today.
  • #1,234
  • Feb 3, 2009 10:18am Feb 3, 2009 10:18am
Quoting nanningbob
Has anyone noticed but does it seem the aud/nzd spreads are not as wide lately? or was I lucky when I was watching today.
I've noticed better profits lately so I'd say that spreads have been not as widen as of late. I do see a pretty average spread of 20ish though on ibfx.
  • #1,235
  • Feb 3, 2009 12:14pm Feb 3, 2009 12:14pm
Quoting Verto
I've noticed better profits lately so I'd say that spreads have been not as widen as of late. I do see a pretty average spread of 20ish though on ibfx.
Good I may live trade this again. Been seeing some good profits on my demo.
  • #1,236
  • Feb 3, 2009 1:23pm Feb 3, 2009 1:23pm
Maybe our complaints have been heard at IBFX. The 14 pip spread is much more consistant. Gonna put it back live after JPY open.
  • #1,237
  • Feb 3, 2009 1:38pm Feb 3, 2009 1:38pm
Dear Bob!

I think i am lucky guy to found this page and that thread, i am using your syterm 35x20 since a few weeks. I rehearsed so many pairs, my favorite was EUR/USD. the system is working whole day from Monday till friday. Usually i am making a big money, but there is coming a bad moment and my profit is gone....

I noticed it, that is happening if the chart is going up to the green line or down to the green line, i think my saftey zone is between the green lines

what u think, is it a solution, if the system colose all trading after that lines and start agin where the chart is in the safety zone???

and is it feasible


sorry about my bad english

thx

Tokken
  • #1,238
  • Feb 3, 2009 2:00pm Feb 3, 2009 2:00pm
lol

yes I forgot to write it down, i am using the 5M chart with the pairs,the green safety zone is in that chart
  • #1,239
  • Feb 3, 2009 2:20pm Feb 3, 2009 2:20pm
Quoting nanningbob
Maybe our complaints have been heard at IBFX. The 14 pip spread is much more consistant. Gonna put it back live after JPY open.

The spread is better when it comes to US session and at it's worst on JPY session. If we can see JPY session remain below 20 spread, it's good
  • #1,240
  • Edited Feb 4, 2009 12:19am Feb 3, 2009 3:08pm | Edited Feb 4, 2009 12:19am
Quoting nanningbob
Maybe our complaints have been heard at IBFX. The 14 pip spread is much more consistant. Gonna put it back live after JPY open.
Unfortunately I don't think there is much IBFX can do about it if they want or not.

Just went 32 pips below TP without triggering.
I guess that happend in the last 2 weeks too so I'll just let it run.

Approaching 6000.
Max. DD after IBFX reset my account history (now starts at 4700 (not 1000) which was the beginning of the week) only 4%.

Update: Ok. Now 6100 USD. Allready up 30% this week sofar. 25.000 in the next two weeks looking good.
ROI so far. 510%

Update: 6700 USD: ROI: 570%. DD: 4%
Now it's getting so fast I can hardly keep up with adjusting the lotsize.
@Tokken

Don't trade EUR/USD it rallys 400 pips in somedays.
Remember this is a range trading EA.
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