The high end of AUDNZD historical range - Official RoboMiner, RoboMiner Pro and PipStrider sales and support

muriloqa · 02-24-2010, 12:11 PM

Hi,

When reading Robominer's manual I read the high end of AUDNZD historical range was 1.2966 and that the pair had so far a 2000 pip range.
I've just read this article that says AUDNZD has reached 1.3530 in 2000.
I read somewhere else the all time high for AUD/NZD is in the 1.4700 - 1.4800 range.
So the EA is based on a 5 year range? People should have been aware of that!
I'll need to have more funds ready if the price goes too high and I get closer to get a margin call.
---------------------------------------
The AUD/NZD cross rate is poised to test recent resistance.

The countries are currently in different stages of their economic and monetary cycles, which has created the large disparity in the values of their relative performance.

Over the past 3 months, the Reserve Bank of Australia has raised their targeted interest rate 3 times each by 25 basis points for a total of 75 basis points. There is growing and strong speculation that the RBA will again increase interest rates at their upcoming meeting on February 3rd of 2010. At the same time, the Reserve Bank of New Zealand is on hold and has made it clear to market participants that they plan to hold interest rates steady until the middle of 2010.

A break of resistance at 1.2820, will lead to a test of 1.3530 high created in August of 2000.

Posted on 01/22/10 at 1:47pm by Louis Winthorp

Forex Goldmine · 02-24-2010, 12:43 PM

Are you using RoboMiner II or RoboMiner Pro? If you are using Pro, you can change the number of lookback months with this setting:

LookBackMonths = 60 (default)

So depending on your version, the answer to the 5 years question is yes or no.

Regarding the high of the AUD/NZD, we are currently in "range" 62 (1.2883). RoboMiner is designed with 66 ranges (by default) and has a safety margin if the pair goes above that. Of course, if you are trading with non-default (higher risk) settings, then yes, you do have to pay attention to your available funds.

Will the market return to levels seen 10 years ago? Maybe, maybe not. Only time will tell. Of course, the wise investor should plan for the market to break the top of the range, and have sufficient funds to allow for that.

I suppose we will know the answer to these questions soon enough.

muriloqa · 02-26-2010, 05:43 AM

Hi,

I'm using robominer pro with recommended settings. What I'm trying to say is that in your proof text you say "the AUDNZD has been pushing against the high end of its historical range", but it's a lie.
If we go up to 1.3100 or more there will be no trades opened or closed and the swap will keep increasing on the open trades. Usually people are ok with that if they think it's the first time it happens and therefore it shoudn't remain like that for too long. But ten years ago AUDNZD hit the 1.35 high and the all time high for AUD/NZD is in the 1.4700 - 1.4800 range...

Forex Goldmine · 02-26-2010, 09:32 AM

This is a common question that we have answered before, and I thought we even addressed it in that document, but maybe not. Before 2001, there was no such thing as spot retail forex trading on the AUDNZD . The high they are referring to was way back when it was only a futures market. It was not the same market, and once spot retail trading became available, it totally changed the complexion of the market. So, we only go back to 2001 for our high and low, because we are only interested in the high and low since it has been a spot retail forex market.

02-24-2010, 12:11 PM	#1 (permalink)
muriloqa Junior Member Join Date: Dec 2009 Posts: 2	The high end of AUDNZD historical range Hi, When reading Robominer's manual I read the high end of AUDNZD historical range was 1.2966 and that the pair had so far a 2000 pip range. I've just read this article that says AUDNZD has reached 1.3530 in 2000. I read somewhere else the all time high for AUD/NZD is in the 1.4700 - 1.4800 range. So the EA is based on a 5 year range? People should have been aware of that! I'll need to have more funds ready if the price goes too high and I get closer to get a margin call. --------------------------------------- The AUD/NZD cross rate is poised to test recent resistance. The countries are currently in different stages of their economic and monetary cycles, which has created the large disparity in the values of their relative performance. Over the past 3 months, the Reserve Bank of Australia has raised their targeted interest rate 3 times each by 25 basis points for a total of 75 basis points. There is growing and strong speculation that the RBA will again increase interest rates at their upcoming meeting on February 3rd of 2010. At the same time, the Reserve Bank of New Zealand is on hold and has made it clear to market participants that they plan to hold interest rates steady until the middle of 2010. A break of resistance at 1.2820, will lead to a test of 1.3530 high created in August of 2000. Posted on 01/22/10 at 1:47pm by Louis Winthorp

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02-24-2010, 12:43 PM	#2 (permalink)
Forex Goldmine Administrator Join Date: Jul 2009 Location: Sterling, VA, USA Posts: 138	Are you using RoboMiner II or RoboMiner Pro? If you are using Pro, you can change the number of lookback months with this setting: LookBackMonths = 60 (default) So depending on your version, the answer to the 5 years question is yes or no. Regarding the high of the AUD/NZD, we are currently in "range" 62 (1.2883). RoboMiner is designed with 66 ranges (by default) and has a safety margin if the pair goes above that. Of course, if you are trading with non-default (higher risk) settings, then yes, you do have to pay attention to your available funds. Will the market return to levels seen 10 years ago? Maybe, maybe not. Only time will tell. Of course, the wise investor should plan for the market to break the top of the range, and have sufficient funds to allow for that. I suppose we will know the answer to these questions soon enough.

02-26-2010, 05:43 AM	#3 (permalink)
muriloqa Junior Member Join Date: Dec 2009 Posts: 2	Hi, I'm using robominer pro with recommended settings. What I'm trying to say is that in your proof text you say "the AUDNZD has been pushing against the high end of its historical range", but it's a lie. If we go up to 1.3100 or more there will be no trades opened or closed and the swap will keep increasing on the open trades. Usually people are ok with that if they think it's the first time it happens and therefore it shoudn't remain like that for too long. But ten years ago AUDNZD hit the 1.35 high and the all time high for AUD/NZD is in the 1.4700 - 1.4800 range...

02-26-2010, 09:32 AM	#4 (permalink)
Forex Goldmine Administrator Join Date: Jul 2009 Location: Sterling, VA, USA Posts: 138	This is a common question that we have answered before, and I thought we even addressed it in that document, but maybe not. Before 2001, there was no such thing as spot retail forex trading on the AUDNZD . The high they are referring to was way back when it was only a futures market. It was not the same market, and once spot retail trading became available, it totally changed the complexion of the market. So, we only go back to 2001 for our high and low, because we are only interested in the high and low since it has been a spot retail forex market.