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Trading aud/nzd successfully

  • #2,001
  • Oct 25, 2010 8:31am Oct 25, 2010 8:31am
Quoting dsissing
Hi Bob

trading @ 0.01 what would recommend is the min. equity to best have.

Thanks.
Dono

I trade ten cents per thousand dollars so you need 1-200 minimum for a penny.
  • #2,002
  • Mar 10, 2011 9:46am Mar 10, 2011 9:46am
hi bob,

I had do backtest for the EA from 2008 to 2010 that have the nice performance,
but in 2011 , the performance was poor not like before, do you still use this EA or do you think the EA should still suitable on 2011?
have the suggestion how to improve the strategy in future?

sincerely from devonfgu
  • #2,003
  • Mar 13, 2011 12:17am Mar 13, 2011 12:17am
Quoting Devonfgu
hi bob,

I had do backtest for the EA from 2008 to 2010 that have the nice performance,
but in 2011 , the performance was poor not like before, do you still use this EA or do you think the EA should still suitable on 2011?
have the suggestion how to improve the strategy in future?

sincerely from devonfgu
This system worked great because the NZ and Australian economies were similar, so they stayed in a tight range. However, their economies have diverged some because of all the heavy buying of mineral commodities that China purchases from Australia that NZ doesnt have. So the price between the Aud and NZD no longer stay in that tight range. If China's economy regresses and they quit buying up 25-50% of the world's commodities we could see this system work very well again. Kind of sad because I used to make 1-200 a week off of this system at one time. So as the basic fundamentals change so does our trading. I now trade the AUD/NZD like I do other currencies because they act more like others now.
  • #2,004
  • Mar 14, 2011 10:53pm Mar 14, 2011 10:53pm
Yes in my opinion the AUS and NZ economies have de-coupled to a degree. Australia seems to be in a stronger position post GFC due to its mineral reserves that china cant get enough of.

Also the Christchurch earthquake will have an impact on NZ GDP this year so that has been factored into the pricing relationship.
  • #2,005
  • Aug 11, 2011 4:36am Aug 11, 2011 4:36am
would anybody know how to code this EA for ECN type mt4 brokers.. it wont open any orders?
Grabbing the bull by the horns!
  • #2,006
  • Aug 11, 2011 6:29am Aug 11, 2011 6:29am
Quoting whitegoodman
would anybody know how to code this EA for ECN type mt4 brokers.. it wont open any orders?
I assume you have to take the TP and SL values out of the "ordersend" functions. Then you have to use a separate trade management ea to set those after the trade has been sent.

Check http://book.mql4.com/trading/ordersend for more info about the function.
  • #2,007
  • Aug 11, 2011 9:00am Aug 11, 2011 9:00am
Quoting whitegoodman
would anybody know how to code this EA for ECN type mt4 brokers.. it wont open any orders?
This EAs in this thread should work if the TP and SL are turned off with an ECN. The 10.0 ones may have a problem but I they work with IBFX. Ask Steve Hopwood to help you and tell him your an important friend of mine. Just one question have they gone to MT5?
  • #2,008
  • Jul 10, 2013 9:37am Jul 10, 2013 9:37am
aud nzd

http://pcm-fx.com/englishforum/showt...=2409#post2409

time : monthly

pattern :

reciprocal ab=cd- shark - butterfly

http://pcmbrokers.org/pcmfileupload/...3466524351.gif
  • #2,009
  • Aug 22, 2013 6:38am Aug 22, 2013 6:38am
This thread is so quiet given the amazing trend this pair has had the last six months.

Decent retrace in the making at the moment, looking to hop on board to short as soon as it reverses (if it happens)...looking at 1.1600ish, stalling a bit on the four hourly atm
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audnzd daily.png Size: 107 KB
Click to Enlarge Name: audnzd weekly.png Size: 115 KB
  • #2,010
  • Sep 30, 2015 3:28pm Sep 30, 2015 3:28pm
Quoting skris
This thread is so quiet given the amazing trend this pair has had the last six months. Decent retrace in the making at the moment, looking to hop on board to short as soon as it reverses (if it happens)...looking at 1.1600ish, stalling a bit on the four hourly atm {image} {image}
WOW! I see it too. It is supported by the 14 EMA on the monthly chart with an upward trajectory toward the 120 EMA. 1.1675 Cheers!
Be humble or be humbled.
  • #2,011
  • Sep 30, 2015 4:09pm Sep 30, 2015 4:09pm
Perhaps we can revive the thread on this commodity icon vs. it's smaller cousin. To me this is the start of a new and much more narrow range than in past years. 1.08 to 1.18 on the monthly chart. Saw Lagarde today on CNBC. Depressed commodity prices to last indeed. Looks as though both currencies have reached some kind of bottom to the US dollar. So what will be the effect on AUD/NZD when the US dollar sells off?
Be humble or be humbled.
  • #2,012
  • Last Post: Apr 23, 2018 5:57am Apr 23, 2018 5:57am
Quoting Mecman
I love the way ideas are shared in this thread.I just discovered that EA really work because i never believed in EA.I trade only 1min/5min on breakouts.But now i believe that EA really works.Is there any good programmer in here ?I'v got a different entry any exit strategy based on bollinger bands breakout and I trade using bollinger bands and MACD alone.I guess it's the simplest trading strategy.I have attached a trade statment.Any good programmer around to enable me create an EA for this strategy.It can make %100-%120 WORTH OF PROFIT every week....
I have found a solution. Please remove the block... Dear Friend...
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