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Trading aud/nzd successfully

  • #1,281
  • Feb 10, 2009 6:41pm Feb 10, 2009 6:41pm
Quoting nanningbob
The 35x20 will struggle with IBFX because of the widening spreads. I have not been able to get the FXDD demo to work. I will download a new copy and try again.
that is really strange. My FXDD has been working great with no problems. The spreads have not changed since Jan 1st on the demo, 17 pips. I've been live with FXDD (17 pip ) since changing from GAIN (20-50 pips).
  • #1,282
  • Feb 11, 2009 1:55am Feb 11, 2009 1:55am
Quoting nanningbob
I WOULDN'T TRADE THE USA SESSION TODAY FOR ALL THE TEA IN CHINA.
Although I do not expect the reaction of the markets to be as wild as the first bailout. The shock is not as great the 2nd time around you must remember the last bailout set record days on a bunch of currencies that are well beyond the range of my EAs.
Thanks for the info. I'll let my demo do it anyway just to see what happens.
I managed to get over 1000% in under a month now I'm not upset if I blow it trying to trade this. Yesterday was a big newsday to and had a little bear rally at the end of US Session. Was profitable never the less. Just want to see how tough this EA is even with insane risk (1mini per 1000 USD).

Didn't you want to win the King of the Minis Challange? Maybe you should give it a try with MM to 1 and Risk to 100 that's what got me >1000% in the last weeks without blowing it and not stopping it for news events.
  • #1,283
  • Edited 11:34am Feb 11, 2009 11:17am | Edited 11:34am
Quoting nanningbob
Can you add it to one of the exisisting EAs and post it. I would like to demo test the idea out.

BOB
Your wish is my command

I put new close/delete code in start procedure without function CloseDeleteOne (I put it before for clearness ).

Regards,

Andrew
Attached File(s)
File Type: mq4 3L 1H 60x90 buy sell_v2.mq4   23 KB | 397 downloads
File Type: mq4 30x20 buy sell EA_v2.mq4   25 KB | 349 downloads
  • #1,284
  • Feb 11, 2009 12:25pm Feb 11, 2009 12:25pm
Quoting nanningbob
You change the numbers in red. The + number is above the MA, the - number is below the MA. You will also need to change all the numbers on the template MA to see what your changes do on the chart. If you want to change the MA go to Var4 in the code and change the MA and time. Var3 is for the 1H Var4 is for the 5M


//Sell order

if( Ask > Var4+(50*Point))
{
myOrderType=1;//SELL
}

//buy order

if( Bid < Var4-(40 * Point))
{
myOrderType=2;//BUY
}
As suggested, I changed the numbers in red to “90”s last night. It appears that “Sell” order had been placed instead of “Buy” entry this morning. I am using FXDD MT4 platform.


//---- lot setting and modifications (30x20 buy sell EA 1H 40MA 5L.mq4)
//Sell order
// if(previousstoch>H_level && currentstoch<H_level)
if( Ask > Var3+(90*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 < Var3-(90 * Point))// && Bid < Var5) // && Ask > Var5) // && Var3 > Var4) //Var3 > Var4 && Var5 < Var6 &&
//if (Close[0] > MA1 + (30 * Point))
{
myOrderType=2;//BUY
}


What should I do to make the EA work properly? I’d like to hear about the optimal settings for the EA.

Thanks a lot!
  • #1,285
  • Feb 11, 2009 1:59pm Feb 11, 2009 1:59pm
US Session has been pretty calm.
I'm afraid that in fact you will rarely see any
trade opportunities if you don't trade small news even
that will push price inside the trade zones.
Otherwise price will just stay in the no trade zone.

1:30h until NZD News. Maybe this will give us a trade as we are
already close to the trade zone.
  • #1,286
  • Feb 11, 2009 1:59pm Feb 11, 2009 1:59pm
Quoting nanningbob
The 35x20 will struggle with IBFX because of the widening spreads. I have not been able to get the FXDD demo to work. I will download a new copy and try again.
The only time you'll get the normal 14 pip spread is usually during the London session. Otherwise, you can expect up to 50 pip widening of the spread ...
  • #1,287
  • Feb 11, 2009 2:00pm Feb 11, 2009 2:00pm
Quoting Tjpld
US Session has been pretty calm.
I'm afraid that in fact you will rarely see any
trade opportunities if you don't trade small news even
that will push price inside the trade zones.
Otherwise price will just stay in the no trade zone.
Seems like it's been like that all day today ...
  • #1,288
  • Feb 12, 2009 8:05am Feb 12, 2009 8:05am
Hi Nanningbob

I have followed this tread for 2 mths now. I'm running you EA. 2 questions:
1. when selecting the 35x20 profile, it stays on the blue'ish screen "Awaiting Updates"
2. I have the Sell robot activiated, does this mean the I have to manually change to the buy EA? if so, when and how do I know when to do that.

Great EA, only 4 loses for Jan + Feb.

Thanks

Dono
  • #1,289
  • Feb 12, 2009 2:11pm Feb 12, 2009 2:11pm
I'm back. The house is built, we close on the 27th. The week after, I will be super busy, but I'm back in the game. I now have several hours a week to devote to this. I'm currently catching up on all the new developments and running my demos again.
  • #1,290
  • Feb 12, 2009 2:48pm Feb 12, 2009 2:48pm
What makes me go "mhhhhh" is why didn't the EA open more trades where i went down pretty deep into the last red MA? Max Trades is set to 5.
Maybe it wasn't that bad it hadn't decided to open 2 additional positions.
Even that didn't blow up my account. So what will. Floating loss was not super big at that time.
Attached Image
  • #1,291
  • Feb 12, 2009 2:57pm Feb 12, 2009 2:57pm
I wonder if this upcoming data release will cause price to spike hard?
  • #1,292
  • Feb 12, 2009 3:03pm Feb 12, 2009 3:03pm
Quoting Schminner
I wonder if this upcoming data release will cause price to spike hard?
My crystal ball says 40-60 pips. dum dum dummmmm


Haha, who knows... its not so much the spike but if the numbers case it to trend for a while during the aussy session that is more troublesome.
  • #1,293
  • Feb 12, 2009 3:15pm Feb 12, 2009 3:15pm
I'd love a spike or even a trend with alot of reversals. Everything that makes the EA make money. Like I said if nothing is happening news wise you will rarely see Trades because the EA will just stay on Stand By on the Median MA.
  • #1,294
  • Feb 12, 2009 3:23pm Feb 12, 2009 3:23pm
Quoting Verto
My crystal ball says 40-60 pips. dum dum dummmmm


Haha, who knows... its not so much the spike but if the numbers case it to trend for a while during the aussy session that is more troublesome.
When this pair starts trending, it sucks ... If you have a Long position open and spikes in your favor, it's great. If you have a Short position open and spikes downward, it still sucks because the broker will widen the spread by a gazillion pips, therefore can never hit your T/P ...
  • #1,295
  • Feb 12, 2009 3:31pm Feb 12, 2009 3:31pm
Market was very trendy after 14th of January. Still made alot of money even with crazy risk it didn't blow up even though we had an extraordinary trend.
  • #1,296
  • Feb 12, 2009 3:55pm Feb 12, 2009 3:55pm
It's a decent spike from this Retail Sales data .... Now, I'm hoping it will plunge back down just as hard ....
  • #1,297
  • Feb 12, 2009 4:31pm Feb 12, 2009 4:31pm
No big deal just wait.
Spread as small as 11 Pips haven't seen that in a while.
  • #1,298
  • Feb 12, 2009 5:47pm Feb 12, 2009 5:47pm
Quoting Tjpld
No big deal just wait.
Spread as small as 11 Pips haven't seen that in a while.
It dropped back down around 60 pips at it's peak, but cannot hit my T/P because IBFX widened their spread by 40+ pips for a longass time ...
  • #1,299
  • Feb 12, 2009 5:51pm Feb 12, 2009 5:51pm
Pff stop blaming everything on IBFX. What do you think is the purpose of widening Spreads on Demo accounts so it does not hit the TPs? Off course spreads will get horrible after after NY closes. That's the nature of the market.
  • #1,300
  • Feb 12, 2009 6:02pm Feb 12, 2009 6:02pm
Quoting Tjpld
Pff stop blaming everything on IBFX. What do you think is the purpose of widening Spreads on Demo accounts so it does not hit the TPs? Off course spreads will get horrible after after NY closes. That's the nature of the market.
It's a live account, not demo. Yeah, I'm trying my best not to blame IBFX, but it gets so annoying sometimes I just need to blame them ...
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