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Trading aud/nzd successfully

  • #1,921
  • Nov 24, 2009 11:42am Nov 24, 2009 11:42am
Quoting daytrader15
My broker IAMfx only has a 5 pip spread but the aud/nzd has had me in a p/l since Oct 8th where the aud/usd only had me in a p/l for 2 weeks and I made a profit. I am never trading the aud/nzd or the eur/chf as even though they have tighter ranges they range so slowly that you will die of boredom until they go the other way
You are not kidding about that .....
  • #1,922
  • Nov 29, 2009 3:20am Nov 29, 2009 3:20am
Quoting nanningbob
Why is this hard to understand? When you match the aud/nzd with each other they are based on trades between those two countries. The exchange rate between them. That has nothing to do with trading with the USA. When the exchange rate is set between the USA and Aud that is not the same as the trading products with USA and NZD and Aus. with NZ. They are separate countries and separate currencies. How trade functions between the USA and NZ and USA with Australia is no where the same as trade between NZ and Australia. So how the currencies react and...

Of course aud/nzd is not retaled to trading directly against USD , but in order to avoid big spread on the cross you do the following:

buy 1 lot of aud/usd = buy 1 lot of aud + sell 1 lot of usd
sell 1.2 lot of nzd/usd = sell 1.2 lot of nzd + sell 1.2 lot of usd

you are left with buy 1 lot of aud + sell 1.2 lot of nzd + sell 0.2 lot of usd
in currency value it is approximately the same as buying 1 lot of aud/nzd

you can try it on demo and see - such hedge position will change it's profit/loss value exactly according to movements of aud/nzd
skype, facebook: fxzebra
  • #1,923
  • Nov 29, 2009 4:16am Nov 29, 2009 4:16am
Quoting fx345
Of course aud/nzd is not retaled to trading directly against USD , but in order to avoid big spread on the cross you do the following:

buy 1 lot of aud/usd = buy 1 lot of aud + sell 1 lot of usd
sell 1.2 lot of nzd/usd = sell 1.2 lot of nzd + sell 1.2 lot of usd

you are left with buy 1 lot of aud + sell 1.2 lot of nzd + sell 0.2 lot of usd
in currency value it is approximately the same as buying 1 lot of aud/nzd

you can try it on demo and see - such hedge position will change it's profit/loss value exactly according to movements of aud/nzd
IT is simpler and more profitable to just buy the aud nzd.
  • #1,924
  • Nov 29, 2009 7:04am Nov 29, 2009 7:04am
Quoting nanningbob
I dont trade that many levels because with real money I would not trade that way. We would not trade the AUD or NZD interest rate days because they can push price outside of the EA. The US session is not the real problem with that pair but the AUD session when there is news. Because I cant trade both ways (hedging) I am using one of my regular EAs with this...
it corrects bob, that would be the big chalenge coz sometimes market even on huge spike without any news,

anyone can share the latest demo result ?

manythanks
  • #1,925
  • Nov 29, 2009 7:59pm Nov 29, 2009 7:59pm
Quoting h41k4L
it corrects bob, that would be the big chalenge coz sometimes market even on huge spike without any news,

anyone can share the latest demo result ?

manythanks
I have changed to a 40x30 with 7 pairs and the testing seems to be going well. It works very well with the aud/nzd. I only go 3 levels deep and then I will manually handle thetrade if it goes beyond that. Because the AUD/NZD stays within a very limited range I dont have any problems with it. My biggest concern is how 5D brokers now expand the spread as you approach TP levels. Wish the NFA would do something about that instead of margins and hedging.
  • #1,926
  • Nov 29, 2009 8:45pm Nov 29, 2009 8:45pm
NZD is at an almost record high - it was nearly 0.80 USD about a year ago (maybe 18 months) and thats as high as I ever remeber it getting. It's almost at that point again now, so my question is - how you you predict the decline?
  • #1,927
  • Nov 29, 2009 11:02pm Nov 29, 2009 11:02pm
Quoting heidrek
NZD is at an almost record high - it was nearly 0.80 USD about a year ago (maybe 18 months) and thats as high as I ever remeber it getting. It's almost at that point again now, so my question is - how you you predict the decline?
You dont. My philosophy of the AUD/NZD is it ranges within a 150 pip range whether it is going up or down.
  • #1,928
  • Dec 9, 2009 12:55pm Dec 9, 2009 12:55pm
Hi,

I am new to this forum and have read the thread. So I wanted to test this on demo account, did that on 4-Dec-2009. I downloaded the original 35x20 ea from post 1 and modify added "0" to pip, TP and SL to adjust 5digit broker and also tried the "30x20 buy sell EA 5M 120MA 5digit.mq4" from page 64 post 946. Tested on demo account but it has not open any trade since.

I know this pair AUDNZD does not have much movement lately, but I am puzzled neither ea has opened any trade. So I backtest both ea from 4-Dec-2009, well the result 35x20 did have trades, but 30x20 5M 120MA ea has no trade. Is backtest accurate or should I be waiting longer for movement from news? Or am I missing something?
  • #1,929
  • Dec 9, 2009 4:20pm Dec 9, 2009 4:20pm
Kntan,

I am using them right now as well and they take trades. So,...have you check marked in the EA common tab "allow to import dll" and "allow life trading"?

These would be the only reasons I could imagine why no trades are being taken.

:-)
  • #1,930
  • Dec 9, 2009 4:30pm Dec 9, 2009 4:30pm
Quoting kntan
Hi,

I am new to this forum and have read the thread. So I wanted to test this on demo account, did that on 4-Dec-2009. I downloaded the original 35x20 ea from post 1 and modify added "0" to pip, TP and SL to adjust 5digit broker and also tried the "30x20 buy sell EA 5M 120MA 5digit.mq4" from page 64 post 946. Tested on demo account but it has not open any trade since.

I know this pair AUDNZD does not have much movement lately, but I am puzzled neither ea has opened any trade. So I backtest both ea from 4-Dec-2009, well the result 35x20 did...
The original EAs are set at .01 lots. If your broker starts at .10 it wont trade. Try changing your lots.
  • #1,931
  • Dec 9, 2009 5:01pm Dec 9, 2009 5:01pm
Quoting nanningbob
The original EAs are set at .01 lots. If your broker starts at .10 it wont trade. Try changing your lots.
Yes try looking in your Experts Tab for Error Messages. You'll probably get some 131 OrderSend Error Messages.
  • #1,932
  • Dec 9, 2009 6:54pm Dec 9, 2009 6:54pm
Quoting kntan
Hi,

I am new to this forum and have read the thread. So I wanted to test this on demo account, did that on 4-Dec-2009. I downloaded the original 35x20 ea from post 1 and modify added "0" to pip, TP and SL to adjust 5digit broker and also tried the "30x20 buy sell EA 5M 120MA 5digit.mq4" from page 64 post 946. Tested on demo account but it has not open any trade since.

I know this pair AUDNZD does not have much movement lately, but I am puzzled neither ea has opened any trade. So I backtest both ea from 4-Dec-2009, well the result 35x20 did...
another thing to remember is watch for those interest rate stories and dont trade on those days. They can be nasty.
  • #1,933
  • Dec 10, 2009 1:05am Dec 10, 2009 1:05am
Thanks for the quick response.

Quote
I am using them right now as well and they take trades. So,...have you check marked in the EA common tab "allow to import dll" and "allow life trading"?

These would be the only reasons I could imagine why no trades are being taken.
Yes, I did not enable the "allow DLL imports", have just enabled it now. "Allow live trading" was already enabled. Will see how this goes. I was not aware this EA will use external DLL which is why I did not enable it the first place.


Quote
The original EAs are set at .01 lots. If your broker starts at .10 it wont trade. Try changing your lots.
The broker I am testing is with gomarkets which uses 5digit and accept micro lots of 0.01. So I did not think that was the issue, since the back test did get some trades from 4-Dec-2009.

Quote
Yes try looking in your Experts Tab for Error Messages. You'll probably get some 131 OrderSend Error Messages.
Negative, there were no error messages in the Expert Tab. I did check since 4-Dec, no activity in the log. The EA did load successfully but just no other activity logs. When I backtest, the Expert Tab log did log the trades for buy and sell, except in the real demo.

And yes the EA has a smiley face on, active and running, just no trade and no logs. I have been watching the drop today and I am sure that this is enough to open some trade. I was excited hoping to see some action in ea.

I have enabled the "allow to import dll" now and will post back if this was the cause of it.
  • #1,934
  • Dec 10, 2009 2:16am Dec 10, 2009 2:16am
Quoting kntan
Thanks for the quick response.

Yes, I did not enable the "allow DLL imports", have just enabled it now. "Allow live trading" was already enabled. Will see how this goes. I was not aware this EA will use external DLL which is why I did not enable it the first place.


The broker I am testing is with gomarkets which uses 5digit and accept micro lots of 0.01. So I did not think that was the issue, since the back test did get some trades from 4-Dec-2009.

Negative, there were no error messages in the Expert Tab. I did check since 4-Dec, no activity...
There is an issue with Go Markets. You need to set the stop loss and ts at 0. If it still does not trade you have to set tp at 0 and manually enter them later which defeats the purpose of the EA. Go to NanningBob 60x90 EA thread there are guys there that use Go Markets and they can help you with how to get the EA to run with that broker. The reason the backtest will work and not the broker is because the backtest uses info and trading principles from MT4 and not the local broker.
  • #1,935
  • Dec 10, 2009 5:27am Dec 10, 2009 5:27am
Quote
There is an issue with Go Markets. You need to set the stop loss and ts at 0. If it still does not trade you have to set tp at 0 and manually enter them later which defeats the purpose of the EA. Go to NanningBob 60x90 EA thread there are guys there that use Go Markets and they can help you with how to get the EA to run with that broker. The reason the backtest will work and not the broker is because the backtest uses info and trading principles from MT4 and not the local broker.

Thanks Bob, you're right. I set SL and TP both to "0" and they instantly open trades. It was the broker after all. I will use other trade management ea to set the SL and TP after the trade is open.
  • #1,936
  • Dec 27, 2009 9:17pm Dec 27, 2009 9:17pm
Quoting nanningbob
There are two major EAs in this forum. One is a hedging EA that trades both directions at the same time. That one can no longer be used with a USA broker but can be used with others. I no longer use it even though it was one of my most profitable. If you stay away from major aud/nzd news stories it does well.
Bob,

do you think this IBFX intraday hedge will help? I read somewhere that this EA needs only be turned on early Asia time till just before US open?



>>Dear Valued Customer,
We have introduced Intraday Hedging into the demo accounts on Dec 10th, with plans to introduce Intraday Hedging to the live accounts on or around Dec 20th. What this means to your account:
You will be able to place both long and short orders in the same currency pair during the course of the day.
Just before swap at approximately 5 pm Eastern Time the trades will be netted out, please see the example below. <<
  • #1,937
  • Dec 27, 2009 10:24pm Dec 27, 2009 10:24pm
Quoting Hien
Bob,

do you think this IBFX intraday hedge will help? I read somewhere that this EA needs only be turned on early Asia time till just before US open?



>>Dear Valued Customer,
We have introduced Intraday Hedging into the demo accounts on Dec 10th, with plans to introduce Intraday Hedging to the live accounts on or around Dec 20th. What this means to your account:
You will be able to place both long and short orders in the same currency pair during the course of the day.
Just before swap at approximately 5 pm Eastern Time the trades will be netted...
I am testing 2 ideas now but I wont know until we get back to normal market movement. So we will see.
  • #1,938
  • Jan 4, 2010 10:33pm Jan 4, 2010 10:33pm
I am trying to hedge the aud/nzd with ibfx but because they close your hedges everday they end up being close to break even. In other words the spread is being covered by the hedges profits so when they close your positions you are at break even. I will keep trading on a demo but so far havent been able to make it profitable. The pic below shows how the profits are wiped out by the closing of the hedge.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
  • #1,939
  • Jan 7, 2010 5:55am Jan 7, 2010 5:55am
Attached File(s)
File Type: mq4 Paulo_Costa_Hedge.mq4   12 KB | 480 downloads


Hi guys please urgently help me with this ea. i found it on another thread but just need some coding with this. Please change it so that one can trade any market and not just the eu.

Thanks allot
  • #1,940
  • Jan 7, 2010 8:03am Jan 7, 2010 8:03am
Quoting Neller
Attachment

Hi guys please urgently help me with this ea. i found it on another thread but just need some coding with this. Please change it so that one can trade any market and not just the eu.

Thanks allot
That is a simple trade in the code. I will do it later when I get home. Thanks for sharing.
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