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Trading aud/nzd successfully

  • #1,241
  • Feb 4, 2009 10:30am Feb 4, 2009 10:30am
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.
What sucks is when you're holding short position and as you are nearing T/P, the spread widens to nearly 40 pips, then it reverses ... it gets frustrating, but I think IBFX is loving it ... I might have to use brokers like FX Solutions to trade this pair, they have fixed spread ...
  • #1,242
  • Feb 4, 2009 12:28pm Feb 4, 2009 12:28pm
@nanningbob

I have a question concering the MM Feature.
If I set MM to 1 what do I have to set as risk to consistently trade
1 lot per 1k USD account balance? I guess I have lost a little bit
of gain because I had to do it manually.
ROI is now +600%
  • #1,243
  • Feb 4, 2009 2:22pm Feb 4, 2009 2:22pm
Quoting Tjpld
@nanningbob

I have a question concering the MM Feature.
If I set MM to 1 what do I have to set as risk to consistently trade
1 lot per 1k USD account balance? I guess I have lost a little bit
of gain because I had to do it manually.
ROI is now +600%
I have never used that feature so I dont know.
  • #1,244
  • Feb 4, 2009 2:23pm Feb 4, 2009 2:23pm
Quoting Schminner
What sucks is when you're holding short position and as you are nearing T/P, the spread widens to nearly 40 pips, then it reverses ... it gets frustrating, but I think IBFX is loving it ... I might have to use brokers like FX Solutions to trade this pair, they have fixed spread ...
The problem with FX solutions is they dont use MT4 so the EA doesnot work there. My first broker was FX solutions.
  • #1,245
  • Feb 4, 2009 4:38pm Feb 4, 2009 4:38pm
Quoting nanningbob
The problem with FX solutions is they dont use MT4 so the EA doesnot work there. My first broker was FX solutions.
That's true, they have their own proprietary platform. Therefore, there can only be manual trading.

I'm wondering if IBFX will ever bring back those lower spread that they previously had for this pair. I asked their customer support and they told me the wide spread is temporary, but it's been many months now. Maybe it's due to the credit crunch the economy is going through ...
  • #1,246
  • Feb 4, 2009 4:45pm Feb 4, 2009 4:45pm
Quoting Schminner
That's true, they have their own proprietary platform. Therefore, there can only be manual trading.

I'm wondering if IBFX will ever bring back those lower spread that they previously had for this pair. I asked their customer support and they told me the wide spread is temporary, but it's been many months now. Maybe it's due to the credit crunch the economy is going through ...
im just praying we can keep the high leverage atm, talks of 1.5:1 are scaring me
Grabbing the bull by the horns!
  • #1,247
  • Feb 4, 2009 4:48pm Feb 4, 2009 4:48pm
Quoting whitegoodman
im just praying we can keep the high leverage atm, talks of 1.5:1 are scaring me
I'm not sure where you heard this from. But, it does sound scary.
  • #1,248
  • Feb 4, 2009 10:22pm Feb 4, 2009 10:22pm
Maybe this a a good time to go live.
Spread 14-15 atm!

Just cracked 8000 USD. ROI: 700%

Survived numerous high impact news and a steep bullrally.
Drawdown 4%
  • #1,249
  • Feb 5, 2009 12:18am Feb 5, 2009 12:18am
Quoting Tjpld
Maybe this a a good time to go live.
Spread 14-15 atm!

Just cracked 8000 USD. ROI: 700%

Survived numerous high impact news and a steep bullrally.
Drawdown 4%
go nuts dude... enjoy the profits
Grabbing the bull by the horns!
  • #1,250
  • Feb 5, 2009 12:23am Feb 5, 2009 12:23am
Quoting whitegoodman
im just praying we can keep the high leverage atm, talks of 1.5:1 are scaring me
were did you hear that?
the markets moving, time to get in!
  • #1,251
  • Feb 5, 2009 12:47am Feb 5, 2009 12:47am
Quoting Tjpld
Maybe this a a good time to go live.
Spread 14-15 atm!

Just cracked 8000 USD. ROI: 700%

Survived numerous high impact news and a steep bullrally.
Drawdown 4%
Cant wait for your live results Tj!!Charles
  • #1,252
  • Feb 5, 2009 12:57am Feb 5, 2009 12:57am
Quoting Schminner
That's true, they have their own proprietary platform. Therefore, there can only be manual trading.

I'm wondering if IBFX will ever bring back those lower spread that they previously had for this pair. I asked their customer support and they told me the wide spread is temporary, but it's been many months now. Maybe it's due to the credit crunch the economy is going through ...
FXDD has a fixed 17 pip spread.. but there .10 lot = 1$ and no .-1 lot where is in IBFX in a mini account .10 lot = 10 cents and .01 lot = 1 cent
  • #1,253
  • Feb 5, 2009 5:04am Feb 5, 2009 5:04am
Here's a detailed report on the New Zealand economy, fyi...

http://moneynews.newsmax.com/sean_hy...mo_code=7952-1
  • #1,254
  • Feb 5, 2009 7:05am Feb 5, 2009 7:05am
I'm having the oddest prob and just wanna see if anybody else has had this. I've been playing around with the 5m 120MA EA and no matter what I change the settings to, it takes trades 20 pips away from the MA. Anybody else had this?

Inserted Code
//Sell order
        //  if(previousstoch>H_level && currentstoch<H_level)
         if(  Ask  > Var4+([color=Red]50[/color]*Point))// && Bid < Var5) // && Var3 < Var4)  //Var3 < Var4 && Var5 > Var6 &&

 {
  myOrderType=1;//SELL
 }
  
//buy order
         // if(previousstoch<L_level && currentstoch>L_level)
          //if(stoch>L_level&& stoch1<L_level&& stoch2<L_level)
          if(  Bid  < Var4-([color=Red]30[/color] * Point))// && Bid < Var5) // && Ask > Var5) // && Var3 > Var4) //Var3 > Var4 && Var5 < Var6 &&
  //if (Close[0] > MA1 + (30 * Point)) 
 {
  myOrderType=2;//BUY
"The market giveth and the market taketh away"
  • #1,255
  • Feb 5, 2009 1:36pm Feb 5, 2009 1:36pm
Quoting simplecoders
FXDD has a fixed 17 pip spread.. but there .10 lot = 1$ and no .-1 lot where is in IBFX in a mini account .10 lot = 10 cents and .01 lot = 1 cent
I have a FXDD Micro Account, of which .01 lot = $.10. You could send them an email to request for micro lot trading (opening a new micro account). However, FXDD's maximum leverage is only 200:1 as you may know.
  • #1,256
  • Feb 5, 2009 2:09pm Feb 5, 2009 2:09pm
Quoting urbanFX
I'm having the oddest prob and just wanna see if anybody else has had this. I've been playing around with the 5m 120MA EA and no matter what I change the settings to, it takes trades 20 pips away from the MA. Anybody else had this?

[code]//Sell order...

odd, if its audnzd live it might be to do with ridiculous spread widening....

check that var4 is 120MA for 5min
Grabbing the bull by the horns!
  • #1,257
  • Feb 5, 2009 4:06pm Feb 5, 2009 4:06pm
Quoting Tjpld
Maybe this a a good time to go live.
Spread 14-15 atm!

Just cracked 8000 USD. ROI: 700%

Survived numerous high impact news and a steep bullrally.
Drawdown 4%
If u go live, i'm sure the result wouldn't be 700% becoz they are different in many ways. One of which is the spread, demo spread and live spread are different sometimes. U should go live with 0.01 nano lot right now and not to waste too much of ur time in demo.
  • #1,258
  • Feb 5, 2009 4:43pm Feb 5, 2009 4:43pm
Quoting Tjpld
Maybe this a a good time to go live.
Spread 14-15 atm!

Just cracked 8000 USD. ROI: 700%

Survived numerous high impact news and a steep bullrally.
Drawdown 4%
Once you go live, you'll notice the big big difference between demo and live price feed .... the spread is insane with this pair, especially if it's with IBFX broker ...
  • #1,259
  • Feb 5, 2009 8:52pm Feb 5, 2009 8:52pm
Quoting urbanFX
I'm having the oddest prob and just wanna see if anybody else has had this. I've been playing around with the 5m 120MA EA and no matter what I change the settings to, it takes trades 20 pips away from the MA. Anybody else had this?

[code]//Sell order...
Change the ask to Bid in the buy order. You can have two lines on your screen, an ask line and a bid line. I used the ask line to into orders quicker on buys but as the spread widens it is line have no space at all from your median.
  • #1,260
  • Feb 6, 2009 12:21am Feb 6, 2009 12:21am
I'm sorry, but I really disagree with statements like these. I trade demo alongside my live account all the time to try new ideas, different entry/exit points etc. I hardly ever notice a difference in the spread on my live and demo accounts with IBFX.

Quoting Schminner
Once you go live, you'll notice the big big difference between demo and live price feed .... the spread is insane with this pair, especially if it's with IBFX broker ...
"The market giveth and the market taketh away"
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