Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living | Page 2 | Forex Factory

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Attachments: Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living
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Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living

  • #21
  • Oct 23, 2015 5:51am Oct 23, 2015 5:51am
Quoting fxleopard
{quote} What brokers are you using guys? Pepperstone has 2-3 pips spread on this pair, Oanda also.
aussie brokers like pepperstone,vantagefx,gomarkets etc have low spreads on aussie and nzd pairs/cross
Scoobi doobi doo
  • #22
  • Oct 23, 2015 5:07pm Oct 23, 2015 5:07pm
Quoting fxleopard
{quote} What brokers are you using guys? Pepperstone has 2-3 pips spread on this pair, Oanda also.
Oanda will kill you with their variable spread. audcad for example has an average daily range of about 80-100 pips by my reackoning and a high degree of overlap from one day to the next, but anything between 12 and 20 pips of that is taken up by the difference between high bid ask and low bid ask. you check it out. I don't know about the others.
  • #23
  • Dec 2, 2015 11:03am Dec 2, 2015 11:03am
Quoting Scoobidoobi
Objective : Milking 4 pairs AUD/NZD,EUR/GBP,AUD/CAD,NZD/CAD for a living Why these 4 pairs : These don't have direct USD exposure coupled with low ADX daily ranges and low volatility Challenge : To Make 10% monthly consistently on these 3 pairs with minimal DD What trading system to be used : Mechanical or Technicals or Fundamentals Expected DD Max : floating 10-20 ​Is there any trader interested and ready for the challenge (or) perhaps already taking advantage of these 4 pairs to make a living...
Where can I get this EA? can you pls share link ?
  • #24
  • Jan 31, 2016 9:57pm Jan 31, 2016 9:57pm
Quoting samz321
{quote} Where can I get this EA? can you pls share link ?
this ea is meant for pepperstone razor a/c
Scoobi doobi doo
  • #25
  • Nov 19, 2016 6:46am Nov 19, 2016 6:46am
Quoting Scoobidoobi
For the benefit of all mechanical trading system added to trade explorer/account shared - described in simple 6 steps as a nutshell for trading AUD/NZD ,EUR/GBP, AUD/CAD and NZD/CAD unleashed below : Step 1 : Two trades of this pair open at market rate one buy and one sell to start with of lot size 0.1 Step 2 : Buy Stop and Sell Stop Pending orders of size 0.1 lot is kept apart at a distance of 15pips Step 3 : Buy Limit and Sell Limit Pending orders of size 0.2 lot is kept apart at a distance of 30pips Step 4: If any of the pending order gets triggered...
So basically, you expect price to move away from the current price in either direction, and the further price moves into either direction, the size of the trade becomes larger so as to offset the trade going in the opposite direction which would be smaller. This poses a risk of an infinite loop where the trade size continues to get larger and larger until the point that your broker might require a margin call. But I guess you have an EA that sets a risk limit. Do you mind sharing your EA? I have wanted to do this before, but doing this manually is borderline impossible. I had actually stumbled across an EA for hedging similar to this but I am no coder and I couldn't find one that didn't have errors, not enough confidence to trade live. (And hence now I understand what you mean by profiting off the slower moving currencies, as they are likely to trigger less loops and increase risk. I PM'd you a while ago)
HMSR
  • #26
  • Nov 19, 2016 8:57am Nov 19, 2016 8:57am
Quoting Hmsr
{quote} So basically, you expect price to move away from the current price in either direction, and the further price moves into either direction, the size of the trade becomes larger so as to offset the trade going in the opposite direction which would be smaller. This poses a risk of an infinite loop where the trade size continues to get larger and larger until the point that your broker might require a margin call. But I guess you have an EA that sets a risk limit. Do you mind sharing your EA? I have wanted to do this before, but doing this manually...
Attached File(s)
File Type: ex4 slowmover.ex4   40 KB | 722 downloads


setfile:

Comment_MultiLotsFactor=Multi Lot Factor:
MultiLotsFactor=1.1
Lots=0.01
TakeProfit=620.0
Comment_StepLots=Step Lots:
StepLots=310.0
Comment_UseTrailing=Use Trailing Stop:
UseTrailing=false
Comment_TrailStart=TrailStop:
TrailStart=10.0
Comment_TrailStop=Traling Stop:
TrailStop=10.0
Comment_MaxCountOrders=Max Count Orders:
MaxCountOrders=20
Comment_SafeEquity=Safe Equity Risk %
SafeEquity=false
SafeEquityRisk=20.0
Comment_slippage=Slippage
slippage=3.0
MagicNumber=13579
Scoobi doobi doo
  • #27
  • Nov 19, 2016 6:39pm Nov 19, 2016 6:39pm
I have used a martingale EA on these pairs, all of them, for at least 6 months with controlled drawdown. It got over 30% one time however the return was great. I might note that EAs that profits this much like the 10% one that I had are so valuable. If you work enough on it, you will get great results and it'll save a huge load of time from trading in the future. My main goal was to leave trading for a while and work on something else and it worked as planned.

I'm stopped using it since I can profit more trading by myself but I'm totally thinking of running it again. Perhaps I may join this talk with you guys and think together on how to make it better. Nice work so far.
  • #28
  • Nov 20, 2016 12:25pm Nov 20, 2016 12:25pm
Quoting dalmeida
I have used a martingale EA on these pairs, all of them, for at least 6 months with controlled drawdown. It got over 30% one time however the return was great. I might note that EAs that profits this much like the 10% one that I had are so valuable. If you work enough on it, you will get great results and it'll save a huge load of time from trading in the future. My main goal was to leave trading for a while and work on something else and it worked as planned. I'm stopped using it since I can profit more trading by myself but I'm totally thinking...
These pairs are ideal for micro lots juggling around trading both sides slow n steady. I used to have cadchf earlier removed it because of SNB intervention jitters. good luck!
Scoobi doobi doo
  • #29
  • Nov 20, 2016 1:13pm Nov 20, 2016 1:13pm
interesting concept
Le$$ I$ More
  • #30
  • Nov 20, 2016 1:19pm Nov 20, 2016 1:19pm
Quoting Scoobidoobi
{quote} {file} setfile: Comment_MultiLotsFactor=Multi Lot Factor: MultiLotsFactor=1.1 Lots=0.01 TakeProfit=620.0 Comment_StepLots=Step Lots: StepLots=310.0 Comment_UseTrailing=Use Trailing Stop: UseTrailing=false Comment_TrailStart=TrailStop: TrailStart=10.0 Comment_TrailStop=Traling Stop: TrailStop=10.0 Comment_MaxCountOrders=Max Count Orders: MaxCountOrders=20 Comment_SafeEquity=Safe Equity Risk % SafeEquity=false SafeEquityRisk=20.0 Comment_slippage=Slippage slippage=3.0 MagicNumber=13579
EA... only opening sell position.
Le$$ I$ More
  • #31
  • Nov 20, 2016 9:04pm Nov 20, 2016 9:04pm
Quoting Roszey
{quote} EA... only opening sell position.

One trick is use the EA on different time frames for different pairs , so that it picks the direction based on timeframe and starts maneuvering trades in the direction.

Typically if you have 4-5k equity if you setup the EA with start lot 0.01 and default settings its expected to churn 10-15% monthly returns using this slow movers with no USD exposure directly.. good luck Roszey!

Ex: AUD CAD M5/ NZD CAD D1/ AUD NZD H4 / EUR GBP H1
Scoobi doobi doo
  • #32
  • Nov 21, 2016 1:31pm Nov 21, 2016 1:31pm
We can also use NZDCHF and EURCHF
Le$$ I$ More
  • #33
  • Nov 25, 2016 6:07am Nov 25, 2016 6:07am
Quoting Scoobidoobi
{quote} One trick is use the EA on different time frames for different pairs , so that it picks the direction based on timeframe and starts maneuvering trades in the direction. Typically if you have 4-5k equity if you setup the EA with start lot 0.01 and default settings its expected to churn 10-15% monthly returns using this slow movers with no USD exposure directly.. good luck Roszey! Ex: AUD CAD M5/ NZD CAD D1/ AUD NZD H4 / EUR GBP H1

Scoobodoobi, you are a sharp individual. I hope you make it.

On a side note, CADCHF may be providing an opportunity to short. In my opinion that monthly range is a strong enough incentive, to enter short in anticipating the currency will respect the past historic trading ranges. (Not taking into account any SNB influences though)

-All the best
HMSR
  • #34
  • Nov 26, 2016 7:28am Nov 26, 2016 7:28am
Quoting Hmsr
{quote} Scoobodoobi, you are a sharp individual. I hope you make it. On a side note, CADCHF may be providing an opportunity to short. In my opinion that monthly range is a strong enough incentive, to enter short in anticipating the currency will respect the past historic trading ranges. (Not taking into account any SNB influences though) -All the best

CADCHF or xxxCHF pair was not included owing to SNB flash in the pan crash or rally off the hook - once in a year making everyone loose their pants. I think we are better of not trading CADCHF
Scoobi doobi doo
  • #35
  • Edited Nov 27, 2016 4:56am Nov 26, 2016 10:31am | Edited Nov 27, 2016 4:56am
Hi you say 10% permonth with one pairs or 4 pairs? if price move and touch for example buy stop by 15 pip distance and turn and touch sell stop by15 pipstep touch how can set your pending after this action?
  • #36
  • Edited 8:58am Dec 24, 2016 7:45am | Edited 8:58am
Hello. Great idea for a thread. Is it still active ?

Im also interested trading at least Aud/Cad long term and milking the range.
Even if my range is set a little bit big, it lasts for 3 years now.

Quote
These don't have direct USD exposure

Thanks. Atm, im researching all what i can find about this pair.
How it behaves long term, what are the advantages aso. The
biggest disadvantage is i think the high spread, or ?

Quote
low ADX daily ranges and low volatility

Low vola sucks but can also be a gift for long term trading.
Better for managing the trade, sometimes it is like slomo
trading compared to €/$ or Cable. And the trend lines are
more accurate and stable. imo.


Whats the usual spread range for Aud/Cad ?



Greets,

Toranaga
Attached Image (click to enlarge)
Click to Enlarge Name: aud cad weekly.jpg Size: 410 KB
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  • #37
  • Jan 5, 2017 4:48am Jan 5, 2017 4:48am
Quoting Toranaga
Hello. Great idea for a thread. Is it still active ? Im also interested trading at least Aud/Cad long term and milking the range. Even if my range is set a little bit big, it lasts for 3 years now. {quote} Thanks. Atm, im researching all what i can find about this pair. How it behaves long term, what are the advantages aso. The biggest disadvantage is i think the high spread, or ? {quote} Low vola sucks but can also be a gift for long term trading. Better for managing the trade, sometimes it is like slomo trading compared to €/$ or Cable. And the...

spread range is 2pips at pepperstone .

I am milking them for years and making profits stable using both my EA's on all 4 pairs.

i) Open the pairs chart twice
ii) Attach the BuyAlways & SellAlways EA per pair with different magic for each chart
iii) Collect $$ at your will steadily with min lots as in EA

Attached the EA for your use.

Attached File(s)
File Type: ex4 buyalways.ex4   14 KB | 874 downloads

Attached File(s)
File Type: ex4 sellalways.ex4   13 KB | 834 downloads
Scoobi doobi doo
  • #38
  • Jun 19, 2017 4:07am Jun 19, 2017 4:07am
Gonna give the Era's a try. The first large profit I ever made was on EURGBP. It was during the Greek debt crisis.
Focus
  • #39
  • Last Post: Jun 22, 2017 12:15am Jun 22, 2017 12:15am
Quoting mrstblefx
Gonna give the Era's a try. The first large profit I ever made was on EURGBP. It was during the Greek debt crisis.
good luck!
Scoobi doobi doo
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