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Trading aud/nzd successfully

  • #1,681
  • Mar 25, 2009 1:16pm Mar 25, 2009 1:16pm
I dont know how you got these results... i tried v1.9 with its own settings and with the settings provided, both on 4 and 5 digit broker, and it killed the account both times within a few days...
  • #1,682
  • Mar 25, 2009 1:26pm Mar 25, 2009 1:26pm
Quoting challenger78
I dont know how you got these results... i tried v1.9 with its own settings and with the settings provided, both on 4 and 5 digit broker, and it killed the account both times within a few days...
This is more like my results. I started a demo account balance of $5,000 about 11 hours ago. But now, current balance is $2,181.70.
  • #1,683
  • Edited 1:53pm Mar 25, 2009 1:33pm | Edited 1:53pm
If you have set MM to 1 it uses the Money Managment Function which will determin the Size depending on your Balance with given Risk setting.
If you don't want to use it and rather use the fixed value just turn it of.

PS: I don't use the settings of "der stratege". I used a certain MA Period and Buffer and TP and Spacing.
It's important that you set Multiplier to 1 and the TF to 5 and use it on a 5 minute chart. My TP is 42 with
pips = 11. MAP = 72 and Buffer = 13. Max Levels = 40 (you will never have more than 14-18 I guess) and SL = 600.

I optimized the MAP and Buffer along with TP and Pips on H1 but it seems to work on M5 to.

84.000% ROI with 20% Max DD.
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  • #1,684
  • Mar 25, 2009 2:06pm Mar 25, 2009 2:06pm
Quoting challenger78
I dont know how you got these results... i tried v1.9 with its own settings and with the settings provided, both on 4 and 5 digit broker, and it killed the account both times within a few days...
Works perfectly fine on IBFX as well as MB Trading... I'm not sure why they would be at a loss... odd. IBFX is live and has been profitable and MB trading is demo, profitable as well.
  • #1,685
  • Mar 25, 2009 2:35pm Mar 25, 2009 2:35pm
Good work guys this is an interesting development. I think the Aud/Nzd stays in a limited range for the entire year and that could make this really work. Other currencies like this would be the sgd/usd and hkd/usd. If the Eur/gbp ever gets back to normal it probably would work with it also. I tried an idea like this last year but could not make it work because you ended up with too many trades going on. However, I did not think of using it on one currency like the Aud/Nzd. I tried it with the Eur/usd because of the pip spread being 2 pips. I thought with large spread currencies the spread would eat up your profits. Anyways test it out and lets see what happens.
  • #1,686
  • Mar 25, 2009 2:51pm Mar 25, 2009 2:51pm
I'm looking forward to the martingalnised TP Version. Things could
get very interesting and hopefully profitable with it.

Sofar my demo with the "Million Dollars" Settings closed 3 Profitable Trades for 21 USD.
What will be most intersting to see if it can place alot of orders evenly spaced when price is moving fast in one direction. Maybe Limit Orders would be better for this. Otherwise I don't see why this should not work out on a Live account aswell. A TP of 42 certainly is not scalping. ^^
  • #1,687
  • Mar 25, 2009 3:05pm Mar 25, 2009 3:05pm
Quoting Tjpld
I'm looking forward to the martingalnised TP Version. Things could
get very interesting and hopefully profitable with it.

Sofar my demo with the "Million Dollars" Settings closed 3 Profitable Trades for 21 USD.
What will be most intersting to see if it can place alot of orders evenly spaced when price is moving fast in one direction. Maybe Limit Orders would be better for this. Otherwise I don't see why this should not work out on a Live account aswell. A TP of 42 certainly is not scalping. ^^
I'm not really sure what to call this method... Reverse Pyramiding is probarly the most accurate term.

I'm not sure how to exactly explain it to everyone, but basically pairs like aud/nzd range... we know they range, but the problem is when they don't retrace an go say.. 200 pips in one direction. The majority of the time aud/nzd will bounce up and down in a 100 pipish range. The problem we run into when using 2x is that when the EA hits stop loss it is a painful experience. So... this style of trading goes on the proven fact that the EA will keep a fairly tight range 80% of the time so it profits that way.
  • #1,688
  • Mar 25, 2009 3:40pm Mar 25, 2009 3:40pm
Quoting Verto
I'm not really sure what to call this method... Reverse Pyramiding is probarly the most accurate term.

I'm not sure how to exactly explain it to everyone, but basically pairs like aud/nzd range... we know they range, but the problem is when they don't retrace an go say.. 200 pips in one direction. The majority of the time aud/nzd will bounce up and down in a 100 pipish range. The problem we run into when using 2x is that when the EA hits stop loss it is a painful experience. So... this style of trading goes on the proven fact that the EA will...
I don't think even reverse pyramiding is accurate. In every form of pyramid you build up/down your lotsize and add to winners most of the time. With Multiplier of 1 the lotsize stays the same at all levels. It's more like a tower ^^. Still can't figure out why my test is so sucessful when every trade that goes more than 4 Levels depp loses money. The trick with the 1 Multiplier is that my TP is 4 times as large as the space between those levels.
  • #1,689
  • Mar 25, 2009 3:50pm Mar 25, 2009 3:50pm
Quoting Tjpld
I don't think even reverse pyramiding is accurate. In every form of pyramid you build up/down your lotsize and add to winners most of the time. With Multiplier of 1 the lotsize stays the same at all levels. It's more like a tower ^^. Still can't figure out why my test is so sucessful when every trade that goes more than 4 Levels depp loses money. The trick with the 1 Multiplier is that my TP is 4 times as large as the space between those levels.
I am kind of perplexed by this as well... the best I can figure is... since you are in the market nearly all the time during the slow hours Aud/nzd ranged between 100 pips up and down up and down... so im guessing thats where this EA makes the majority of its money.
  • #1,690
  • Mar 25, 2009 11:05pm Mar 25, 2009 11:05pm
What a move... not even news related. Crazy.
  • #1,691
  • Mar 26, 2009 1:08am Mar 26, 2009 1:08am
Im long
  • #1,692
  • Mar 26, 2009 4:12am Mar 26, 2009 4:12am
Didn't turn the EA on because of the news yesterday.
  • #1,693
  • Mar 26, 2009 4:17am Mar 26, 2009 4:17am
what was the news?
Grabbing the bull by the horns!
  • #1,694
  • Mar 26, 2009 5:11am Mar 26, 2009 5:11am
Don't know what exactly caused this drop but I had the 25th and 26th on my No-Trade Day Blacklist. Yesterday 2 High Impact News for AUD and NZD one in the morning and one in the evening. Today Medium Impact News and one high Impact News later in the day so I decided to just turn it off for two days.
  • #1,695
  • Mar 26, 2009 5:15am Mar 26, 2009 5:15am
Quoting Tjpld
Don't know what exactly caused this drop but I had the 25th and 26th on my No-Trade Day Blacklist. Yesterday 2 High Impact News for AUD and NZD one in the morning and one in the evening. Today Medium Impact News and one high Impact News later in the day so I decided to just turn it off for two days.
Great call. I, however, wasn't so lucky. It happens though... these past two weeks have been kind of brutual though. It happens. I am still somehow in profit for the month so I can't complain.
  • #1,696
  • Mar 26, 2009 5:20am Mar 26, 2009 5:20am
Quoting Verto
Great call. I, however, wasn't so lucky. It happens though... these past two weeks have been kind of brutual though. It happens. I am still somehow in profit for the month so I can't complain.
im still in trades, i could take a loss now which would mean 0 profit but no loss for the week... hmmm decisions decisions...

will be looking for PA to tell me to get out


EDIT: nice little pull back... im out, still about 6% profit for the week
Grabbing the bull by the horns!
  • #1,697
  • Mar 26, 2009 5:20am Mar 26, 2009 5:20am
Good to hear. After the interest rate announcment a few weeks ago which stopped me out with about 10% DD I decided to leave every day out which could possibly get nasty. This might leave some money on the table but I belive it reduces the risk dramatically. There are probably enough days in the next 10 years where it's less risky to trade the EA and still make some money.

If I had the chance to get out with +/- 0 I'd do it. That PA is just not normal.
  • #1,698
  • Mar 26, 2009 5:36am Mar 26, 2009 5:36am
2009 hasn't been all bad.

Jan 1st 2009 to March 26 2009.
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  • #1,699
  • Mar 26, 2009 5:55am Mar 26, 2009 5:55am
Quoting Verto
2009 hasn't been all bad.

Jan 1st 2009 to March 26 2009.
ive had similar results since the beginning of march... as you can see the epitome of live testing with small amounts...

edit: i think the difference in smoothness can be attributed to the fact that my graph is from the MA version of BOB's EA's running 3 currencies including audnzd... and i have had to cut off a few more level 3 type trades

btw on a side note on GO Markets they offer AUDNZD and NZDAUD, can someone explain the relevance... and it reacts very similar but not completely..
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Grabbing the bull by the horns!
  • #1,700
  • Mar 26, 2009 5:58am Mar 26, 2009 5:58am
Quoting whitegoodman
ive had similar results since the beginning of march... as you can see the epitome of live testing with small amounts...
My march is nowhere near as pretty.

Messy.

Mind you this is aud/cad and aud/nzd trading various timeframes and whatnot. aud/cad has actually been picking up the slack some for aud/nzd... so far.
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