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Trading aud/nzd successfully

  • #1,781
  • May 4, 2009 2:22pm May 4, 2009 2:22pm
I may just go back to using IBFX once again .... 11 pips for this pair is phenomenal, and it has been quite steady thus far ...
  • #1,782
  • May 6, 2009 3:31am May 6, 2009 3:31am
Hi nanningbob,


I have been doing some research on brokers trading aud/nzd live and this are my findings.These are my best setting for trading aud nzd with brokers that dont offer micro lots

$30 acc =
lot size = 0.01
multiplying factor = 0.19

$80 acc =
lot size = 0.01
multiplying factor = 0.51

These are some problems i found;

1, masterforex offers aud/nzd 13 pips spread.35*20 worked on the demo but since i went live it refused to pick trade,so can anyone help me if there is any problem with it's setting for live .

2.www.fxclearing.ca offers aud/nzd 12 pip spread.but the EA has refused picking trades on both live and demo ,but yet they support hedging,pls can you help me know where the problem is from
This 2 brokers both use liberty reserve form of payment.I will be very greatful if you can help me solve this problems
  • #1,783
  • May 6, 2009 4:41am May 6, 2009 4:41am
IBFX has 11 Pips Fixed now. Don't know if you can beat that.

How does Trading with a Multiplier < 1 work? Should be impossible
to trade unless you martingale your TP for every new Position.

Trading a account with <100 USD should be pratically impossible too.
  • #1,784
  • May 6, 2009 4:45am May 6, 2009 4:45am
Quoting Tjpld
IBFX has 11 Pips Fixed now. Don't know if you can beat that.

How does Trading with a Multiplier < 1 work? Should be impossible
to trade unless you martingale your TP for every new Position.

Trading a account with <100 USD should be pratically impossible too.
It's 14 spread I last saw.
  • #1,785
  • May 6, 2009 4:51am May 6, 2009 4:51am
Quoting forexisfx
It's 14 spread I last saw.
It's fixed now. At least it seems like it. Haven't seen it going higher than 11 for 2 days now.
Attached Image
  • #1,786
  • May 6, 2009 4:54am May 6, 2009 4:54am
Quoting Mecman
Hi nanningbob,...
Since I have never used either one I dont know. My best guess is these companies do not support penny trades so set them at .10 and see what happens on a demo.

If that does not work try setting the magic number at 0. See if that solves your problem.
  • #1,787
  • May 6, 2009 4:58am May 6, 2009 4:58am
Quoting Tjpld
It's fixed now. At least it seems like it. Haven't seen it going higher than 11 for 2 days now.
Maybe IBFX dropped the high spreads to protect itself from trading both ways at the same time. I will have to start seriously looking at it again.
  • #1,788
  • May 6, 2009 5:02am May 6, 2009 5:02am
It seems like IBFX had a little trouble switching to 5 Digits.
First I only had 5 Digits on my Demos but every just had a additional 0 attached. Now I get real 5 Digit Quotes and since then spread is at 11.
Never had to complain about their execution on my live acount. It was even better than the Demo Account with same settings.
  • #1,789
  • May 6, 2009 5:36am May 6, 2009 5:36am
Quoting Tjpld
It seems like IBFX had a little trouble switching to 5 Digits.
First I only had 5 Digits on my Demos but every just had a additional 0 attached. Now I get real 5 Digit Quotes and since then spread is at 11.
Never had to complain about their execution on my live acount. It was even better than the Demo Account with same settings.
I still see 14 on ibfx live. If it switches to 11 when they change live to 5 digits then I'll be impressed.
  • #1,790
  • May 6, 2009 7:36am May 6, 2009 7:36am
  • #1,791
  • May 6, 2009 11:10am May 6, 2009 11:10am
Quoting nanningbob
Since I have never used either one I dont know. My best guess is these companies do not support penny trades so set them at .10 and see what happens on a demo.

If that does not work try setting the magic number at 0. See if that solves your problem.
Thanks nanningbob,
I will be checking out what you said soonest,but i want to also ask if 35 - 20 can run on fxcm.I learnt they have got one of the cheapest spreads on audnzd {btw 4 pips and 7 pips}.IU will be very greatful to hear from you thanks.
If anyone have tried it on FXCM please feel free to express your findings.

May the pips be with us all ......
  • #1,792
  • May 7, 2009 1:47pm May 7, 2009 1:47pm
I continue to see 11 pip fixed spread on my live account just as well. Does that mean they're becoming a market maker broker?
  • #1,793
  • Edited 2:39pm May 7, 2009 2:25pm | Edited 2:39pm
Quoting Schminner
I continue to see 11 pip fixed spread on my live account just as well. Does that mean they're becoming a market maker broker?
If this is true then ibfx is being REALLY shady to me. I've never seen a spread under 14 on my mini live account. I have the spread history from the past few hours and have seen it bouncing around from 14 to 24 pips.


edit: added picture
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.gif Size: 30 KB
  • #1,794
  • May 7, 2009 5:26pm May 7, 2009 5:26pm
I've traded with FXCM for 4 y. As an ECN now their spreads are all over the place.

If you don't have a real account with them, you can watch their real time spreads here: http://rates.fxcm.com/rates_a

Knoxy


Quoting Mecman
Thanks nanningbob,
I will be checking out what you said soonest,but i want to also ask if 35 - 20 can run on fxcm.I learnt they have got one of the cheapest spreads on audnzd {btw 4 pips and 7 pips}.IU will be very greatful to hear from you thanks.
If anyone have tried it on FXCM please feel free to express your findings.

May the pips be with us all ......
Aspice, officio fungeris sine spe honoris amplioris
  • #1,795
  • May 7, 2009 10:37pm May 7, 2009 10:37pm
My Live Account is at 14 but it seems like it's fixed.
Couldn't check its spread for some time because I had to recover my
password after formating my HardDisk.
Demo sit's steady at 11 Pips spread.
  • #1,796
  • May 8, 2009 11:44am May 8, 2009 11:44am
Quoting Tjpld
My Live Account is at 14 but it seems like it's fixed.
Couldn't check its spread for some time because I had to recover my
password after formating my HardDisk.
Demo sit's steady at 11 Pips spread.
Actually, my live account does not have the 5th decimal and the spread is fluctuating wildly as it did before ... it makes me wonder if they will ever get back to the 11 pips spread again, just like their demo account ....
  • #1,797
  • May 20, 2009 2:04pm May 20, 2009 2:04pm
How's the spread with IBFX live accounts lately?
  • #1,798
  • May 20, 2009 3:03pm May 20, 2009 3:03pm
Can't complain around 14-15 most of the time.
15 at the moment.
  • #1,799
  • May 20, 2009 5:14pm May 20, 2009 5:14pm
awww, I had just rebooted my platform after being up all week... Here is what the past few hours live on ibfx have looked like.
40 was FOMC time
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.gif Size: 30 KB
  • #1,800
  • May 20, 2009 6:58pm May 20, 2009 6:58pm
I don't profess to be a chart reader but it appears to me that the only way for the Aud/Nzd is down?

It has recently formed a triple top and we are on the right hands side of a head and shoulders pattern.

I closed my long positions and set the ea for short only.

Other than that its going great.
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