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Trading aud/nzd successfully

  • #1,761
  • Apr 14, 2009 10:10pm Apr 14, 2009 10:10pm
Quoting Tjpld
Fortunately I learned to stay away from certain news.
Thanks Tj, you gave me enough info, it is time to start to test.

By the way, during what specific news would you recommend to stay away?

thanks, explorer
  • #1,762
  • Edited Apr 15, 2009 12:38am Apr 14, 2009 10:21pm | Edited Apr 15, 2009 12:38am
Quoting nanningbob
Another limitation of the strategy tester is the farther back in time you go the bigger the Time Frame it uses for its results. This means in longer TF backtests it can miss retracements and reentries that would happen live but be missed by the back tester.
That was a surprise nugget of information. I assume you are referring here, that some actions in a program executed bar by bar, others tick by tick. So if the EA depends on a bar for execution, I can see why the longer time frame testing is a problem.

Thanks your help, I will be quiet for a few days busy testing.
explorer
  • #1,763
  • Apr 15, 2009 1:40am Apr 15, 2009 1:40am
Quoting Explorer3333
Thanks Tj, you gave me enough info, it is time to start to test.

By the way, during what specific news would you recommend to stay away?

thanks, explorer
Mostly everything AUD or NZD related that involves Interest Rates.
If you want to be conservative avoid all high impact news for AUD or NZD.

It would be best to follow some of the upcoming news.
What came out? How did it came out (better or worse)? Did the market care?
  • #1,764
  • Apr 16, 2009 11:50pm Apr 16, 2009 11:50pm
I noticed a lot of people are posting that IBFX has sent an email ending hedging next month. I have not received such an email. Have any of you??
  • #1,765
  • Apr 17, 2009 12:24am Apr 17, 2009 12:24am
Quoting nanningbob
I noticed a lot of people are posting that IBFX has sent an email ending hedging next month. I have not received such an email. Have any of you??
Here is it:
"Dear Customers:
Interbank FX, along with all FCM's, has received information from the NFA that we wanted to pass along to our customers. All registered FCM's have received a new Compliance Rule 2-43 regarding forex trading. On May 15, 2009, forex customers will no longer be allowed open "hedged" positions in their accounts. Please see an excerpt from the new NFA rule below. If you are currently using Hedging as a trading strategy, we would encourage you to use the Interbank FX Demo accounts over the next month to help modify your trading strategy. Also, for those of you who utilize hedging strategy with your "Expert Advisors", we would encourage you modify your code and test your advisor on the Interbank FX Demo servers as well. In order to assure a smooth transition for our customers to the new NFA Compliance Rule, Interbank FX has set May 8, 2009 as the last date that customers will be able to Hedge open positions.
Interbank FX is committed to providing our customers with superb tools, real time news and analytics to help you to be a successful trader. Please do not hesitate to contact one of our customer service professionals if you have any questions.
Best regards,
Todd B. Crosland
Chairman and President"
"Put all your efforts in becoming effortless"
  • #1,766
  • Apr 18, 2009 12:48pm Apr 18, 2009 12:48pm
Did this pair dropped by nearly 250 pips at the end of Friday, or am I looking at a bad chart?
  • #1,767
  • Apr 18, 2009 1:15pm Apr 18, 2009 1:15pm
Quoting Schminner
Did this pair dropped by nearly 250 pips at the end of Friday, or am I looking at a bad chart?
Mine looks like this:
Attached Image (click to enlarge)
Click to Enlarge Name: ass.jpg Size: 44 KB
  • #1,768
  • Apr 18, 2009 1:27pm Apr 18, 2009 1:27pm
Log into MB Trading and you'll see it dropped by 250 pips if you use their java chart. And, it's not just a glitch either ....
  • #1,769
  • Apr 18, 2009 1:32pm Apr 18, 2009 1:32pm
Here it is ....
Attached Image (click to enlarge)
Click to Enlarge Name: AUD_NZD.jpg Size: 53 KB
  • #1,770
  • Apr 19, 2009 1:34am Apr 19, 2009 1:34am
Quoting Tjpld
Mine looks like this:
Tjpld,

How is you EA doing? Is it still profitable?
I see lot of trending in this pair nowadays.
"Put all your efforts in becoming effortless"
  • #1,771
  • Apr 19, 2009 2:44am Apr 19, 2009 2:44am
Quoting IamTHAT
Tjpld,

How is you EA doing? Is it still profitable?
I see lot of trending in this pair nowadays.
Jup. Only have to know when to turn it of.

@Schminner

That is interseting. Seems like your broker closes a bit later.

That's why I don't start it at Sunday -> Gap.
  • #1,772
  • Apr 19, 2009 8:19am Apr 19, 2009 8:19am
I see trading both ways at once is being banned but we can start working on a formula similar to the 60x90. Wont need as much room as that one so we will see how it goes. Let me know what you think.
  • #1,773
  • Apr 19, 2009 9:50am Apr 19, 2009 9:50am
Quoting Tjpld
Jup. Only have to know when to turn it of.

@Schminner

That is interseting. Seems like your broker closes a bit later.

That's why I don't start it at Sunday -> Gap.
Yeah, and carrying trades into the weeked with this pair is dangerous too ...
  • #1,774
  • Apr 19, 2009 10:30am Apr 19, 2009 10:30am
Quoting nanningbob
I see trading both ways at once is being banned but we can start working on a formula similar to the 60x90. Wont need as much room as that one so we will see how it goes. Let me know what you think.
I don't see any threat for the original 30x20 EA except unexpected news releases.
  • #1,775
  • Edited 5:25pm Apr 19, 2009 12:50pm | Edited 5:25pm
Quoting nanningbob
I noticed a lot of people are posting that IBFX has sent an email ending hedging next month. I have not received such an email. Have any of you??
Hey Bob,
Never got my email from IBFX either. I had a guy tell me this new NFA rule (first in first out) will effect averaging in trades and matingaling(semi mart. for us) trades. See post#108 in the Proposal to phase out hedging thread( Brooker Discussion). Broker would require you to close first level trades first and then second level trades next. That's opposite of the way the code is now. All your EA's code would have to be modified in the next couple of weeks or they wouldn't work right. You would have to reprogram code to close lower levels first when highest level reached a TP point. This would still suck because the highest level is the one you want to close first since it's worth the most per pip. Can you comment when you get a chance? Thanks
  • #1,776
  • Apr 19, 2009 6:30pm Apr 19, 2009 6:30pm
Just spoke to IBFX and they assured me new NFA rules will not effect how our EA's close trades as long as they're all sells or all buys. They"ll still close the last trade first. So we"ll see. They also said they doubt very much that NFA will ever try to restrict leverage as the other agency (can't remember it's name) is.
  • #1,777
  • Apr 23, 2009 8:15am Apr 23, 2009 8:15am
Quoting Toothman
Hey Bob,
Never got my email from IBFX either. I had a guy tell me this new NFA rule (first in first out) will effect averaging in trades and matingaling(semi mart. for us) trades. See post#108 in the Proposal to phase out hedging thread( Brooker Discussion). Broker would require you to close first level trades first and then second level trades next. That's opposite of the way the code is now. All your EA's code would have to be modified in the next couple of weeks or they wouldn't work right. You would have to reprogram code to close lower levels...
I really dont know, I guess the question is why? I mean the whole point of trading is to open and close positions as you see fit. I guess I will find out when the switch is made. I have a new EA system I can use with dimes so if I have to go outside the USA I can now. So we will findo out soon.
  • #1,778
  • Apr 25, 2009 2:13pm Apr 25, 2009 2:13pm
No trading on Wed 29.04 ->NZD Cashrate
  • #1,779
  • May 4, 2009 9:20am May 4, 2009 9:20am
Am I seeing things, or IBFX spread is now at 11 pips ??
  • #1,780
  • May 4, 2009 1:57pm May 4, 2009 1:57pm
I was thinking the same yesterday. I thought I was just dreaming and ignored it.

BTW no trading for me this week. Way to risky.
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