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Trading aud/nzd successfully

  • #1,461
  • Feb 20, 2009 12:38pm Feb 20, 2009 12:38pm
Anticipation of Sundays News maybe.
Would be very cautious trading the beginning
of the next week. Might see a gap due to sundays news.
  • #1,462
  • Feb 20, 2009 2:40pm Feb 20, 2009 2:40pm
Regarding code change to exit trades quicker

Hi Andrew. I have been noticing that at times it takes a long time to close trades and if you are 7 levels into a trade it could be 7 ticks before all positions are closed, causing great slippage.
I've looked at the code you posted and tried to change the ea but it came up with errors.
I wonder if you would be so kind as to change the code for me for the
35x20 BUY7L200SL and the 35x20 BUY7L200SL...
I would really appreciate it.
  • #1,463
  • Feb 20, 2009 6:21pm Feb 20, 2009 6:21pm
Quoting Schminner
What just happened? that was a huge plunge all of a sudden ....
Quoting forexisfx
right now, if it break the current resistance, it gonna go quite high. If it didn't break, it gonna go way down to close to where it started the blast up

Change to 4H chart and u can see the resistance without any indicator.

U can see that in previous weeks, if it didn't break, it just gonna go back to where it started.
Looks like it happened
  • #1,464
  • Feb 20, 2009 6:31pm Feb 20, 2009 6:31pm
i got a feeling that next week gonna have some really big moves.
  • #1,465
  • Feb 21, 2009 12:23am Feb 21, 2009 12:23am
Quoting Tradster
Regarding code change to exit trades quicker

Hi Andrew. I have been noticing that at times it takes a long time to close trades and if you are 7 levels into a trade it could be 7 ticks before all positions are closed, causing great slippage.
I've looked at the code you posted and tried to change the ea but it came up with errors.
I wonder if you would be so kind as to change the code for me for the
35x20 BUY7L200SL and the 35x20 BUY7L200SL...
I would really appreciate it.
I have also suffered because of this problem. There is one more EA posted here in this thread on Dec 6th by name BlessFifth.. which is similar to our regular EA (not MA based) in which all TPs are changed automatically to highest level, so that all positions close at the same time. It is a single EA for both Buy and Sell. Since this is mq4, code is available. If this feature can adapted to our EAs, it will be nice.
"Put all your efforts in becoming effortless"
  • #1,466
  • Feb 21, 2009 12:30am Feb 21, 2009 12:30am
Quoting Parmenides
I plan using this ea on Liteforex account.
Any idea if it would work with 30 pips spread having there.

Would I need any specific settings?

Thanks for help
30 pips spread is just too much. First of all make sure you have nano-lot over there if you are trading 1cent a pip.
I had a live account with them long back and I stopped using them due to very slow server speed and some negative feedback.
"Put all your efforts in becoming effortless"
  • #1,467
  • Feb 21, 2009 3:03am Feb 21, 2009 3:03am


spread!!!

the markets moving, time to get in!
  • #1,468
  • Feb 23, 2009 2:52am Feb 23, 2009 2:52am
Dear Thread,

Perhaps this was mentioned already---I've not read the whole thread---but one way to get around the spread trading AUDNZD outright would be to trade AUDUSD against NZDUSD. That way, the spread should be about half.

Lenoxer
  • #1,469
  • Feb 23, 2009 4:13am Feb 23, 2009 4:13am
Quoting Lenoxer
Dear Thread,

Perhaps this was mentioned already---I've not read the whole thread---but one way to get around the spread trading AUDNZD outright would be to trade AUDUSD against NZDUSD. That way, the spread should be about half.

Lenoxer
its been suggested but your adding the USD to the equation and become susceptable to strong moves due to US related news
Grabbing the bull by the horns!
  • #1,470
  • Feb 23, 2009 1:34pm Feb 23, 2009 1:34pm
Quoting whitegoodman
its been suggested but your adding the USD to the equation and become susceptable to strong moves due to US related news
I agree, anything related to the USD is susceptable to 1000 pip movement within hours ...
  • #1,471
  • Feb 24, 2009 12:18pm Feb 24, 2009 12:18pm
Seems very active today. But the spread has been insane ....
  • #1,472
  • Feb 24, 2009 12:30pm Feb 24, 2009 12:30pm
Watch out for tomorrow and the day after tomorrow.
Last time those news came out it created a huge trend.
Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 64 KB
  • #1,473
  • Feb 24, 2009 12:47pm Feb 24, 2009 12:47pm
Excellent movments/volatility thus far ...
  • #1,474
  • Feb 24, 2009 2:01pm Feb 24, 2009 2:01pm
Quoting Tjpld
Watch out for tomorrow and the day after tomorrow.
Last time those news came out it created a huge trend.
Yup. Will be shutting down quite a few times this week just before the news breaks.

Schminner, where are you located?
  • #1,475
  • Feb 24, 2009 3:13pm Feb 24, 2009 3:13pm
Quoting Tradster
Yup. Will be shutting down quite a few times this week just before the news breaks.

Schminner, where are you located?
Salt Lake City, UT ... 10 minutes from IBFX's headquarter ...
  • #1,476
  • Feb 24, 2009 4:46pm Feb 24, 2009 4:46pm
This thing has been climbing for a while now ... it needs to dive back down ...
  • #1,477
  • Feb 24, 2009 5:30pm Feb 24, 2009 5:30pm
Quoting Schminner
This thing has been climbing for a while now ... it needs to dive back down ...
I'm waiting for an opportunity to stop all trades before the 9 pm news event.
I don't know what spreads you are getting with IBFX but I used to be with GAIN and their spreads were between 20 and 50 and mostly in the high 20's, so then I moved to FXDD and their spread is a consistent 17. however their lowest lotsize is 0.01 = 5 cents which works for me.
  • #1,478
  • Feb 24, 2009 5:35pm Feb 24, 2009 5:35pm
Quoting Tradster
I'm waiting for an opportunity to stop all trades before the 9 pm news event.
I don't know what spreads you are getting with IBFX but I used to be with GAIN and their spreads were between 20 and 50 and mostly in the high 20's, so then I moved to FXDD and their spread is a consistent 17. however their lowest lotsize is 0.01 = 10 cents which works for me.
The news event can either make or break you. I'm too far into the hole that I'll have to take that risk. The spread with IBFX is generally in the 20's and 30's ... so, even if it dropped by 50 pips the widening of spread will not help me ... Damn, 17 pips consistently with this pair is phenomenal ... Also, I do hope to break even before the news release, otherwise I'll just have to ride it out and hope for the best ....
  • #1,479
  • Feb 24, 2009 10:15pm Feb 24, 2009 10:15pm
Price has dropped, but the spread always widen to nearly 40 pips everytime ... maybe moving to FXDD will resolve the spread issue ... I've been running the FXDD demo side by side with my IBFX account and FXDD appears much more promising ....
  • #1,480
  • Feb 24, 2009 10:48pm Feb 24, 2009 10:48pm
Finally, it dropped far enough to cover the damn spread ...
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