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Trading aud/nzd successfully

  • #1,581
  • Mar 11, 2009 11:02am Mar 11, 2009 11:02am
To make this clear this is not a low risk high return EA.
High Return always comes with high Risk.
The only difference here is that the probability of getting a stoploss hit is minimal on the AUD/NZD. If you risk everything all the time that's considered risky. But if you get stopped out only once in a hundred years it's not as risk anymore all of a sudden.
  • #1,582
  • Mar 11, 2009 11:08am Mar 11, 2009 11:08am
what's everyone's take on the news tonight, good or bad for NZD?
"The market giveth and the market taketh away"
  • #1,583
  • Mar 11, 2009 11:13am Mar 11, 2009 11:13am
TJ. Do you use stoploss of some amount or do you use MM % of acct size? If stoploss then how much. The OOB ea has 0 stoploss in it.
  • #1,584
  • Mar 11, 2009 11:17am Mar 11, 2009 11:17am
Quoting urbanFX
what's everyone's take on the news tonight, good or bad for NZD?
IMO which is worth nothing it will move the PA and be a money maker for us.
  • #1,585
  • Mar 11, 2009 11:18am Mar 11, 2009 11:18am
Quoting Tradster
TJ. Do you use stoploss of some amount or do you use MM % of acct size? If stoploss then how much. The OOB ea has 0 stoploss in it.
Yes I have a fixed 150 Pip SL.
My EA had 150 as default setting.
There seems to be an EA which is called 30x20 buy sell H1 80 MA or something.
I don't use that my EA is just called 30x20 buy sell but it also trades after 80
Pips from the Median EA on Hourly so maybe I use an older version?
  • #1,586
  • Mar 11, 2009 11:21am Mar 11, 2009 11:21am
ummm PA? Just wondering, stuck in a trade for the last 3 days on A/Z and need the aud to weaken or the nzd to strengthen a bit to get out of it. Wondering if that will happen with tonight's news or if I should just cut the losses....

Quoting Tradster
IMO which is worth nothing it will move the PA and be a money maker for us.
"The market giveth and the market taketh away"
  • #1,587
  • Mar 11, 2009 11:38am Mar 11, 2009 11:38am
Quoting urbanFX
ummm PA? Just wondering, stuck in a trade for the last 3 days on A/Z and need the aud to weaken or the nzd to strengthen a bit to get out of it. Wondering if that will happen with tonight's news or if I should just cut the losses....
Happend to me also. I closed them with profit. With my other live account this did not happen because live feeds are a little bit better than demo. Same settings. Entries are only 2-3 pips different if you compare demo and live but live has better execution. With the same settings Live is more profitable because of the better spreads and trading enviroment. Can't wait to switch to MBT once they go live with MT4.
Pips galore!
  • #1,588
  • Mar 11, 2009 11:38am Mar 11, 2009 11:38am
Quoting urbanFX
ummm PA?
PA=Price Action,

sorry
  • #1,589
  • Mar 11, 2009 11:44am Mar 11, 2009 11:44am
Quoting Tjpld
trades after 80 Pips from the Median EA on Hourly so maybe I use an older version?
Your median is a 40 ma?
  • #1,590
  • Mar 11, 2009 11:44am Mar 11, 2009 11:44am
It is on my live account, but I am trading 50x30 on it and just haven't had a big enoough retrace since Monday's open. Need it to come back about 60 pips.

Thx tradester
"The market giveth and the market taketh away"
  • #1,591
  • Mar 11, 2009 11:45am Mar 11, 2009 11:45am
Quoting Tradster
Your median is a 40 ma?
The 1 hour uses a 40 ma with entry 80 away from it.
  • #1,592
  • Mar 11, 2009 11:53am Mar 11, 2009 11:53am
Quoting Verto
The 1 hour uses a 40 ma with entry 80 away from it.
Right.
"Please see page 50 post #736 for a major revision of this system. This is based on a 1H Chart."

That one is mine. There seems to be another version of it which has 1H etc in its name.

The distance from MA approach helps to minimize the risk of getting a stop out. If you trade all the time price could go 200 Pips in one direction. With the MA thing you already have a buffer of 80 Pips and price is more likely to reverse within the buy and sell zones. This stacks the odds in our favor. That's why you can use a stoploss of 150 Pips.

@Verto

What is your experience with the SecureProfit Feature?
  • #1,593
  • Mar 11, 2009 11:59am Mar 11, 2009 11:59am
Quoting Tjpld
Right.

@Verto

What is your experience with the SecureProfit Feature?
I use it on my Aud/Nzd 5 minutes charts. I have the ea set up for 6 levels but if it starts to get to 5 I'm looking to close down pretty fast. The Secureprofit feature when Set to True, you set a $ value... for me it is 10$ then you set the level that it starts at. In my case it is 5... that means when it gets 5 levels+ as soon as the total profit of the group turns to 10$ it closes them down.
  • #1,594
  • Mar 11, 2009 1:21pm Mar 11, 2009 1:21pm
Never really experimented with that feature, sounds pretty handy though.

Quoting Verto
I use it on my Aud/Nzd 5 minutes charts. I have the ea set up for 6 levels but if it starts to get to 5 I'm looking to close down pretty fast. The Secureprofit feature when Set to True, you set a $ value... for me it is 10$ then you set the level that it starts at. In my case it is 5... that means when it gets 5 levels+ as soon as the total profit of the group turns to 10$ it closes them down.
"The market giveth and the market taketh away"
  • #1,595
  • Mar 11, 2009 1:25pm Mar 11, 2009 1:25pm
Quoting urbanFX
Never really experimented with that feature, sounds pretty handy though.
I'm mixed.. that is why out of the 4 charts I trade 30x20 on I only use it on the 5 min one for aud/nzd. It gets you out of trouble earlier but the profits from level 4+ trades almost make up for the more risk.
  • #1,596
  • Mar 11, 2009 4:10pm Mar 11, 2009 4:10pm
Quoting urbanFX
ummm PA? Just wondering, stuck in a trade for the last 3 days on A/Z and need the aud to weaken or the nzd to strengthen a bit to get out of it. Wondering if that will happen with tonight's news or if I should just cut the losses....
I guess U did good on that move....
  • #1,597
  • Mar 11, 2009 4:30pm Mar 11, 2009 4:30pm
Quoting nanningbob
Here is my 20x50 over 1 month trading .10 lots starting with 3000 USD on a demo. It took 33 days to double the account. The first week I was running the 30x35 with it so you have that steep incline on .20 lots. I dropped it because I considered the DD to be too heavy. On 5-10,000 you could run 4 EAs on such numbers but not 3000.

was this on USDSGD?

sorry if I was not clear by my first posting....
M4X............ Hedging My Way To Profits!
  • #1,598
  • Mar 11, 2009 4:49pm Mar 11, 2009 4:49pm
does anyone have this problem with the EA? AUDNZD dropped this morning and the EA only open a buy at first level only. It never open subsequent trades at 20 pips interval. No error or register of any trades in the experts/journal section.

I am using 30x20 1H 40MA version

Thanks for your help.
  • #1,599
  • Mar 11, 2009 4:53pm Mar 11, 2009 4:53pm
Hey guys/gals,

I do not know if this happened because of this spike but I was under the impression that I would open my first entry at 80 pips from the median line which is the first green line. In the attached chart the first but opened 50 pips from the median. The next was 24 away from the 1st buy and so on.
Attached Image (click to enlarge)
Click to Enlarge Name: ea.jpg Size: 213 KB
"Your big opportunity may be right where you are now." Napoleon Hill
  • #1,600
  • Edited 6:36pm Mar 11, 2009 6:15pm | Edited 6:36pm
Quoting TheHefner
Hey guys/gals,

I do not know if this happened because of this spike but I was under the impression that I would open my first entry at 80 pips from the median line which is the first green line. In the attached chart the first but opened 50 pips from the median. The next was 24 away from the 1st buy and so on.
When the bid line hits the 80 pips away, the broker takes his spread so if it is 30 pips at the time price would show up at 50.
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