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Trading aud/nzd successfully

  • #1,621
  • Mar 13, 2009 9:19pm Mar 13, 2009 9:19pm
I have two problems trading:
1. I trade too high lots for the amount of money I have to trade, but I am finally disciplining myself in this area. Losing money is a great way to discipline yourself. Great motivator.

2. My EAs lull me to sleep because most days they win. I get lazy and dont watch the news stories as closely as I should. Some days the best trading strategy is to not trade. I think I am finally beginning to learn that. That is a hard lesson to learn, not to trade. :O
  • #1,622
  • Mar 14, 2009 8:43am Mar 14, 2009 8:43am
Quoting nanningbob
I have two problems trading:
1. I trade too high lots for the amount of money I have to trade, but I am finally disciplining myself in this area. Losing money is a great way to discipline yourself. Great motivator.
That is what I thought about your lot size too..But you are the Boss.
But temptation is always lurking in a ranging market..
"Put all your efforts in becoming effortless"
  • #1,623
  • Mar 14, 2009 10:46pm Mar 14, 2009 10:46pm
Quoting nanningbob
I have two problems trading:

2. My EAs lull me to sleep because most days they win. I get lazy and dont watch the news stories as closely as I should. Some days the best trading strategy is to not trade. I think I am finally beginning to learn that. That is a hard lesson to learn, not to trade. :O
I think it's happening to me and I was thinking about this also. Maybe like you said, we should respect the news and stop trading around those time. I'll do that from next week and onwards.
  • #1,624
  • Mar 16, 2009 3:30am Mar 16, 2009 3:30am
per daily chart:
Attached Image
  • #1,625
  • Mar 16, 2009 6:27am Mar 16, 2009 6:27am
Quoting belief
per daily chart:
Are u on the right thread ? U seem lost.
  • #1,626
  • Mar 16, 2009 6:44am Mar 16, 2009 6:44am
Quoting challenger78
at the bottom right of picture... the 3 lines are minimum, maximum, and current (inbetween the 2)... no comment needed...
hey i saw you have i-spread indicator. Do you mind posting that indicator ? Or rather, anyone has that indicator which shows the history of the spread movement ? Thanks.
  • #1,627
  • Mar 16, 2009 7:57am Mar 16, 2009 7:57am
Quoting forexisfx
Are u on the right thread ? U seem lost.
dont u look at AUD and NZD when u trade AUD/NZD?
  • #1,628
  • Edited 8:18am Mar 16, 2009 8:06am | Edited 8:18am
Quoting belief
dont u look at AUD and NZD when u trade AUD/NZD?
This thread is about 30x20 and 50x20.

My problem with the 50x20 is that it's going much deeper than the
30x20 because 50 Pips retracement is less common to take out the first 2-3 levels. It will make more money but I'm happy if I get my first 3 Levels closed with the 30x20. It will probably build two more levels with the 50x20.
The best thing would probably be something like 3x20 but you would need an insane multiplier to make that possible.
Even starting with 0.01 you would soon get an ordersend error.
I found that one yesterday. It's impossible to get more than 14-15 levels. With 1.8 Multiplier and 0.01 starting lots you would
get ordersend error after the 15th level.
  • #1,629
  • Mar 16, 2009 9:15am Mar 16, 2009 9:15am
Quoting belief
dont u look at AUD and NZD when u trade AUD/NZD?
Not really becoz this system doesnt require us to look at them. If there is sudden unexplainable moves, i might look at them. People here rarely look at them becoz it doesnt make any sense here. I think u are really lost here. U have to read the whole thread, if i'm not wrong, nobody ever post any AUDUSD / NZDUSD chart with line drew on it. Like u said, we are trading AUDNZD and not AUDUSD / NZDUSD. If like u said to look at AUD and NZD when trading AUDNZD, why dont u look at AUDJPY and NZDJPY ?
  • #1,630
  • Mar 16, 2009 7:44pm Mar 16, 2009 7:44pm
here it is

Quoting forexisfx
hey i saw you have i-spread indicator. Do you mind posting that indicator ? Or rather, anyone has that indicator which shows the history of the spread movement ? Thanks.
Attached File(s)
File Type: mq4 i-Spread3.mq4   8 KB | 303 downloads
  • #1,631
  • Mar 16, 2009 11:25pm Mar 16, 2009 11:25pm
Quoting Tjpld
This thread is about 30x20 and 50x20.

My problem with the 50x20 is that it's going much deeper than the
30x20 because 50 Pips retracement is less common to take out the first 2-3 levels. It will make more money but I'm happy if I get my first 3 Levels closed with the 30x20. It will probably build two more levels with the 50x20.
The best thing would probably be something like 3x20 but you would need an insane multiplier to make that possible.
Even starting with 0.01 you would soon get an ordersend error.
I found that one yesterday. It's impossible...
why do you get order send error? whats the beef?
Grabbing the bull by the horns!
  • #1,632
  • Mar 17, 2009 12:05am Mar 17, 2009 12:05am
Quoting challenger78
here it is
Thank you very much.
  • #1,633
  • Mar 17, 2009 12:26am Mar 17, 2009 12:26am
No news stories this week, looks like death by boredom coming up lol
"The market giveth and the market taketh away"
  • #1,634
  • Mar 17, 2009 12:30am Mar 17, 2009 12:30am
Quoting urbanFX
No news stories this week, looks like death by boredom coming up lol
Boredom? The fun is just getting started, the chart is priceless.

http://i39.tinypic.com/2zf7lnn.gif
  • #1,635
  • Mar 17, 2009 12:30am Mar 17, 2009 12:30am
Quoting urbanFX
No news stories this week, looks like death by boredom coming up lol
Yeah... I don't see anything really major for aud/nzd news wise for two weeks. To be honest... Pair wise though we will have to see where it goes.
  • #1,636
  • Mar 17, 2009 3:37am Mar 17, 2009 3:37am
Quoting urbanFX
No news stories this week, looks like death by boredom coming up lol
FOMC Statement this week might stir up a little bit.
  • #1,637
  • Mar 17, 2009 4:20am Mar 17, 2009 4:20am
Quoting whitegoodman
why do you get order send error? whats the beef?
If you start with 0.01 Lots with 1.8 Multiplier the 16th Level would be bigger than 50 Lots wich is impossible for MT4 -> order send error.
That's a major problem with the MM function to. I have calculated the max. acccount size possible before we get order send error.
It's quite dangerous because the EA will just open only one or two levels in this case because the next one would exceed 50 even if it's mini lots.

In the past US News never had an effect on AUD/NZD. Non Farm Payrolls and Bernanke never triggered any noticable moves in this pair.
  • #1,638
  • Mar 17, 2009 7:28am Mar 17, 2009 7:28am
US interest rate sometimes stir audnzd a little bit. Some spike here and there but no major movement unless we get some surprise ?
  • #1,639
  • Mar 18, 2009 10:39pm Mar 18, 2009 10:39pm
This is an updated EA to NanningBob two different systems-

1. 35x20-TP.zip
page 1, post#1, 35x20.zip

2a. 30x20 buy sell EA 5M 120MA-TP.mq4
Original EA: 30x20 buy sell EA 5M 120MA.mq4

2b. 30x20 buy sell EA 1H 40MA-TP.mq4
Original EA: 30x20 buy sell EA 1H 40MA.mq4

The only thing changed to these EAs is all TP will be updated to the same last level TP whenever there is a new order.

Please check again the lost size, max trade,TP, pips.. etc.. all kept default

I have checked and run it without any problem. But please do demo first.

Hope this help.
Attached File(s)
File Type: zip 35x20-TP.zip   12 KB | 224 downloads
File Type: mq4 30x20 buy sell EA 1H 40MA-TP.mq4   25 KB | 226 downloads
File Type: mq4 30x20 buy sell EA 5M 120MA-TP.mq4   25 KB | 243 downloads
  • #1,640
  • Mar 18, 2009 10:46pm Mar 18, 2009 10:46pm
Quoting yean
This is an updated EA to NanningBob two different systems-

1. 35x20-TP.zip
page 1, post#1, 35x20.zip

2a. 30x20 buy sell EA 5M 120MA-TP.mq4
Original EA: 30x20 buy sell EA 5M 120MA.mq4

2b. 30x20 buy sell EA 1H 40MA-TP.mq4
Original EA: 30x20 buy sell EA 1H 40MA.mq4

The only thing changed to these EAs is all TP will be updated to the same last level TP whenever there is a new order.

Please check again the lost size, max trade,TP, pips.. etc.. all kept default

I have checked and run it without any...
can this be used for ECN platforms ie SL and TP changed after an order is placed?
Grabbing the bull by the horns!
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