SuperTrend Hedge V1

Quoting bbolss

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as i see it can be also any tf right?
just smaller sl and wins?

this money managment only bother me - it can kill you very eazy =]
how long do you trade like this?
regards

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Quoting bluemele

Disliked

Martingale is exceptionally dangerous. I wouldn't advise it except for the more advanced traders who understand trading.

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Quoting Lonestar

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More advanced traders who understand trading know not to do it.

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Quoting bluemele

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Disagree..... This reminds me of another thread where everyone gets so fixated on the 'fear' of poor money management and martingale.

Some people believe eating onions are bad for you, while others believe it is great for you.

...please sit-out...

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Quoting Lonestar

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They are not fixated on the 'fear' of poor money management and martingale it's that they understand what it can and WILL do to an account.

And it doesn't matter if you think onions are good or bad for you because either way they are going to make you cry just like when martingale blows your account.

BTW-if you utilize the martingale of your approach "better", you can ditch the hedging part all together and get the same results. Good luck to you.

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Quoting bluemele

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See, there you go, something constructive! What do you mean better?

I wasn't intending to upset you, however, I get tired of all the negative people 'saving' everyone from themselves. It gets a bit old. I have invested millions of dollars, been a multi-millionaire a couple times, lost millions as well. I understand how to make it and lose it, but who cares, at the end of the day, the only thing that matters is enjoying your life and not being around critical negative people (not that you are, but I perceived your comments as such). I have had...

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Quoting aelimian

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I took a look at your template. Have you tried 20/3 as opposed to 3/1.25 settings for the supertrend?

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//+------------------------------------------------------------------+
//|                                                SuperTrend V1.mq4 |
//|                      Copyright © 2010, MetaQuotes Software Corp. |
//|                                        http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2010, MetaQuotes Software Corp."
#property link      "http://www.metaquotes.net"


extern double  atrMultiplier = 1.25;          //Average True Range of change in trend calculation
extern int     Periods = 3;                  //Number of periods for ATR calculation
extern double  Multiplier = 1.5;             //Martingale Multiplier
extern int     TimeFrame = 240;              //So we can move through different time periods
extern bool    TypeOfEntry = 0;              //0 = buy, 1 = sell, other = buy as default
extern double  StartingLots = 0.01;          //Starting # of lots before Martingale
extern int     Magic = 0;                    //Magic Number, 0 is default

double   Pip,
         LotDigits,
         ATR,
         medianPrice,
         up,dn,TrendChange;
//+------------------------------------------------------------------+
//| expert initialization function                                   |
//+------------------------------------------------------------------+
int init()
  {
//----
   Pip = Point;
   if (Digits == 3 || Digits == 5){Pip *= 10;}
   if (MarketInfo(Symbol(),MODE_LOTSTEP) == 0.01){LotDigits = 2;}
      
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert deinitialization function                                 |
//+------------------------------------------------------------------+
int deinit()
  {
//----
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert start function                                            |
//+------------------------------------------------------------------+
int start()
  {
//----
   ATR = iATR(NULL, TimeFrame, Periods, 0);
   medianPrice = (iHigh(NULL,TimeFrame,0)+iLow(NULL,TimeFrame,0))/2;
   up=medianPrice+(Multiplier*ATR);
   dn=medianPrice-(Multiplier*ATR);
   TrendChange = Bid -(ATR*Multiplier);
   Comment("medianPrice: "+medianPrice,"up: "+up,"dn: "+dn, "n", "TrendChange: ", TrendChange);
//----
   return(0);
  }
//+------------------------------------------------------------------+

/*
int MinimumProfitOfBasket  =  10;
int slippage               =  99;

Loop through all BUY (0) Orders per currency
   Sum all orders together (OrderProfit() + OrderSwap()) Where Comment = "L"
   Sum all sell orders together (OrderProfit() + OrderSwap()) Where Comment = "HS"
   
Loop through all SELL (1) Orders
   Sum allorders together (OrderProfit() + OrderSwap()) Where Comment = "S"
   Sum all sell orders together (OrderProfit() + OrderSwap()) Where Comment = "HL"      
   
SUM Baskets
   Long's = L Orders + HS Orders
   Short's = S Orders + HL Orders
   
Comment on screen
      # of L Orders, Current Profit of L Orders + HL Orders Combined
      # of S Orders, Current Profit of L Orders + HS Orders Combined

If BidPreviousBar(-1) < supertrendIndicator && BidCurrentBar(0) >= supertrendIndicator, then
   InitiateEntry(Long) function called;
   
If BidPreviousBar(-1) > supertrendIndicator && BidCurrentBar(0) <= supertrendIndicator, then
   InitiateEntry(Short) function called;
   
   
====================================   
void InitiateEntry(EntryType)
bool Success;

   If(EntryType == Long)
      If(Short's >= MinimumProfitOfBasket)
         success = OrderClose() all Short's;
         if(success)
            return();
      If(Short's < MinimumProfitOfBasket)
         addHedge(Short) function;
         addPositions(Long) function;
   If(EntryType == Short)
      If(Long's >= MinimumProfitOfBasket)
         success = OrderClose() all Long's;
         if(success)
            return();
      else if(Long's < MinimumProfitOfBasket)
         addHedge(Long) function;
         addPositions(Long) function;
====================================
int addPositions(Direction)
int   Level;
bool  OrderSendSuccess  =  0;

   if(Direction == Long)
   {
      (for loop through orders for this currency)
      {
         If(OrderType() == 0)
         {
            If(Comment == "L")
            {
               Level++;
            }
         }  
      }
      Level += 1;
      OrderSendSuccess = OrderSend(Symbol(),0,(Level*Multiplier),Ask,slippage,0,0,"L",magic,0,CLR_NONE);
      if(OrderSendSuccess)
         return();
   }
   
   if(Direction == Short)
   {
      (for loop through orders for this currency)
      {
         If(OrderType() == 1)
         {
            If(Comment == "S")
            {
               Level++;
            }
         }  
      }
      Level += 1;
      OrderSendSuccess = OrderSend(Symbol(),1,(Level*Multiplier),Ask,slippage,0,0,"L",magic,0,CLR_NONE);
      if(OrderSendSuccess)
         return();
   }
   
   
   
====================================
void addHedge(Direction)
{
   if(Direction == Short)
   {
      (for loop through orders for this currency)
      {
         If(OrderType() == 0)
         {
            If(Comment == "L")
            {
               Level++;
            }
            OrderSendSuccess = OrderSend(Symbol(),1,(Level*Multiplier),Ask,slippage,0,0,"HL",magic,0,CLR_NONE);
            if(OrderSendSuccess)
               return();
         }  
      }
   }  
   if(Direction == Long)
   {
      (for loop through orders for this currency)
      {
         If(OrderType() == 1)
         {
            If(Comment == "S")
            {
               Level++;
            }
            OrderSendSuccess = OrderSend(Symbol(),0,(Level*Multiplier),Ask,slippage,0,0,"HS",magic,0,CLR_NONE);
            if(OrderSendSuccess)
               return();
         }  
      }
   }  
}  
   





*/

Quoting bluemele

Disliked

Hi all, Please tell me what you think of one of my profitable LIVE systems. This system is less about perfect entries and more about proper money management. EXPECTED PROFIT: 10%+ PER MONTH EXPECTED DRAWDOWN: < 20% AT ANY TIME INDICATORS: SUPERTREND Recommended Time Frame: 4HR or Daily This system is to be traded off any time frame, however, the larger the time frame, the easier to manage manually. The intent is that I along with others will create an EA from this possibly in the future to accommodate smaller time-frame's. If you aren't available...

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