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Hedge Trade-panel

  • #21
  • Sep 24, 2017 9:06pm Sep 24, 2017 9:06pm
Hello Nicholishen,

Thank you for your beautiful EA.
I haven't known we can make a panel until now .

I have some problems with this panel:
1. It auto remove when I change time frame
2. When trading with some brokers that min lot = 0.1, I cannot choose lot below 1
I hope you will look to it.

Thanks again.
Love your work.
  • #22
  • Sep 25, 2017 4:57am Sep 25, 2017 4:57am
Quoting hanover
{quote} It certainly doesn't feel like I've made a 180 flip. Here (and here) is what I've always maintained about hedging (and still do), with links to posts written several years ago. Feel welcome to read these again if you wish.
Amazing posts full of wisdom. However, if I was you I would not advertise them.

Please continue "teaching" and "preaching" one directional trades are the real trading solution for the hobby trader. We see how good the results of that kind of "work" are. 9,999 of 10,000 hobby traders are simply going nowhere. By seeing the real results of the suggested one direction trading style, we can judge how valuable it actually is.

And your friends from pepperstone are probably admiring you about that...

However, we can see hedging is not as expensive as advertised by you and your group of "teachers" and "preachers". Hedging can, eventually, lead to some profits on the traders side. Something, your friends from pepperstone might not like in particular.
Maadik Hugiis. IQ 69.
  • #23
  • Sep 25, 2017 6:45am Sep 25, 2017 6:45am
Quoting extraw
Hello Nicholishen, Thank you for your beautiful EA. I haven't known we can make a panel until now . I have some problems with this panel: 1. It auto remove when I change time frame 2. When trading with some brokers that min lot = 0.1, I cannot choose lot below 1 I hope you will look to it. Thanks again. Love your work.
Thanks for the feedback! Yes the disappearing on time-frame change is annoying me as well. It has something to do with the way the dialog class was implemented so I'll have to dive into that code to try and figure out a way to make it persist through time-frame changes. As far as the issue you're having with volume, that is set by the platform. Are you sure the symbol you're attempting to trade allows a contract size that low? I programmed it to only allow the minimum as specified by the broker using
Inserted Code
   double min  = SymbolInfoDouble(_Symbol,SYMBOL_VOLUME_MIN);
   double max  = SymbolInfoDouble(_Symbol,SYMBOL_VOLUME_MAX);
   m_lots = new_lots < min ? min : new_lots > max ? max : new_lots;
  • #24
  • Sep 25, 2017 7:16am Sep 25, 2017 7:16am
Quoting Nicholishen
{quote} Thanks for the feedback! Yes the disappearing on time-frame change is annoying me as well. It has something to do with the way the dialog class was implemented so I'll have to dive into that code to try and figure out a way to make it persist through time-frame changes. As far as the issue you're having with volume, that is set by the platform. Are you sure the symbol you're attempting to trade allows a contract size that low? I programmed it to only allow the minimum as specified by the broker using double min = SymbolInfoDouble(_Symbol,SYMBOL_VOLUME_MIN);...
ah, sorry about the min lot thing,
I checked again, there's nothing wrong with that.
I was confused when I switched between bitcoin and litecoin, I thought they have same min lot, but turn out they're not.
Sorry for bothering you.
  • #25
  • Sep 26, 2017 12:42am Sep 26, 2017 12:42am
Quoting hanover
{quote} It certainly doesn't feel like I've made a 180 flip. Here (and here) is what I've always maintained about hedging (and still do), with links to posts written several years ago. Feel welcome to read these again if you wish.
Have always had the most respect for your contribution to FF, so I'm not sure if it's really wise to post a contrary view!

Quoting hanover
{quote} 2. Whenever the hedged trader unhedges, leaving himself long or short, I simply open a single buy or sell position of the same size at exactly the same time, again replicating his net position. Now we are both net long or short, hence we capture exactly the same pips, and make the same P/L. David
Or do you?

Let us say a pullback was hedged and that pullback moved to 100 pips from the first entry, when "unhedged". (The first entry being a trade the hedger still has open, and you closed at the time of the hedge.) Now let us say the first trade was made with a S/L that made sense to the trader and cost 35 pips, also the trade represented a risk of 2%.

To open a "single buy or sell" at the time of the "unhedging" you will now have to pay 135 pips for the S/L, so it can not be of the same size if it is to represent a risk of 2%. The other alternative is to enter a trade of the same size with a 35 pip S/L as per you example. However your trade now has a great chance of being stopped out than that of the hedgers.

So I'm suggesting you either have not "replicated his net position" or did not "make the same P/L".

Cheers
Good Trading
  • #26
  • Sep 26, 2017 12:54am Sep 26, 2017 12:54am
Quoting Nicholishen
Anyone know why this was moved from tech to the trading discussion forum?
My apologies, I guess post like mine are the reason. If you think it will course a lot of unwelcome off topic discussion, I will remove it whilst it can be edited.
Good Trading
  • #27
  • Edited 5:28am Sep 26, 2017 4:23am | Edited 5:28am
Quoting Nicholishen
Anyone know why this was moved from tech to the trading discussion forum?
Alas, the thread has degenerated into a discussion on the merits of hedging. I apologize for my part in this.

One possible solution might be to create a new thread in the Tech forum, and cut/paste all of your post #1 here into the new thread, leaving post #1 in the old thread empty. Then anybody who wants to discuss hedging can continue to post in the old thread, while tech related matters concerning your EA are confined to the new thread.

Or you could simply approach the moderators and ask them to move the thread back to the Tech forum.
______________________
Quoting aud
Or do you? Let us say a pullback was hedged and that pullback moved to 100 pips from the first entry, when "unhedged".......
Answered here, to avoid further interrupting this thread.
  • #28
  • Sep 26, 2017 5:22am Sep 26, 2017 5:22am
Hi always been interested in hedging I will do my due diligence Cheers !!!
  • #29
  • Sep 26, 2017 12:13pm Sep 26, 2017 12:13pm
Quoting aud
{quote} Have always had the most respect for your contribution to FF, so I'm not sure if it's really wise to post a contrary view! {quote} Or do you? Let us say a pullback was hedged and that pullback moved to 100 pips from the first entry, when "unhedged". (The first entry being a trade the hedger still has open, and you closed at the time of the hedge.) Now let us say the first trade was made with a S/L that made sense to the trader and cost 35 pips, also the trade represented a risk of 2%. To open a "single buy or sell" at the time of the "unhedging"...
With respect, in your example the "hedger" has a net-zero-position, he was risk-off while the other trader was risk-on. It's apples and oranges. If you wanted an equal comparison you'd say trader A has a hedged position and is market neutral while trader B is on the side-lines and is also market neutral. Trader A uncovers his hedge to go long at n-pips at the same time trader B goes long. Trader B has more account equity because trader A had to pay for two commissions.
  • #30
  • Oct 1, 2017 4:48pm Oct 1, 2017 4:48pm
Thanks for such a great share
  • #31
  • Edited 9:31pm Oct 1, 2017 9:15pm | Edited 9:31pm
Quoting badeel
Thanks for such a great share
Thanks, but I'm actually not happy with it. It really annoys me that I have to reload it after changing time-frames. I'm going to eventually rewrite it using some back-ported MQL5 GUI tools so if anyone has any killer ideas to improve it throw out your ideas and if it's good I'll consider adding it in.

Here is a very crude prototype of the new GUI.

Also, one of the concepts I'm developing for this panel is the option to view all trades as netting like in MT5. So when you're working with a grid, scaling in with many small orders, etc... It will only show as one entry point; the volume adjusted average price.
Attached File(s)
File Type: ex4 NEW_TEST.ex4   569 KB | 638 downloads
  • #32
  • Oct 4, 2017 4:38am Oct 4, 2017 4:38am
I'm still using the original panel and I like the simplicity of it however with the reverse order the non hedged position has no tp / sl when executed. Any chance to modify the panel to allow that?

Thank you
  • #33
  • Oct 8, 2017 7:19pm Oct 8, 2017 7:19pm
Quoting Pipstrumpf
I'm still using the original panel and I like the simplicity of it however with the reverse order the non hedged position has no tp / sl when executed. Any chance to modify the panel to allow that? Thank you
That should be doable... not sure when I'll get around to it though.

Is anyone else still using this?
  • #34
  • Oct 9, 2017 7:39am Oct 9, 2017 7:39am
Quoting Nicholishen
{quote} That should be doable... not sure when I'll get around to it though. Is anyone else still using this?
I will give it a try.
Thanks
  • #35
  • Dec 18, 2017 2:18am Dec 18, 2017 2:18am
Quoting Nicholishen
{quote} That should be doable... not sure when I'll get around to it though. Is anyone else still using this?
Hello Nicholishen,
thank you for your exclusive hedging panel. It's the most wonderful thing I've ever discovered at FF. I use hedging in my strategy, but your panel has tremendous potential, but I still have to figure out how to use it properly. Once again, thank you very much for being as happy as me.
  • #36
  • Dec 18, 2017 9:51am Dec 18, 2017 9:51am
Quoting LeafRubio
Actually hedging is not so costly, if you compare it with not hedging. For me strategies totally depends on trader. Some works very good with one strategy and other found it difficult and not effective. That doesn’t mean the strategy is wrong. To some trader may hedging provides negative swap? But some trader found it good. The result varies from also broker to broker with place and timing also. Finally as a trader you can decide what suits you most.
hedging costs are like using different brokers cost (spread, commission, rollover). you can use a more expensive broker and reducing win by it, same you can use hedging (over rollover time) and reducing win by it. quit same. using hedging doesnt mean you have no wins, only that you have less wins then possible with normal trading and simple close a position and not hedge it.
  • #37
  • Edited 11:35pm Dec 18, 2017 10:32pm | Edited 11:35pm
Hedging to open is always a bad idea because you pay 2(spread+commission). Conversely, hedging to close costs the same as any other close (nothing) provided you use the closeby or multiple-closeby order. I recently discovered that you can also do it manually.

Example:
Attached Image (click to enlarge)
Click to Enlarge Name: cb.png Size: 38 KB

Attached Image (click to enlarge)
Click to Enlarge Name: cb2.png Size: 31 KB
  • #38
  • Dec 19, 2017 6:07am Dec 19, 2017 6:07am
Quoting Nicholishen
Hedging to open is always a bad idea because you pay 2(spread+commission). Conversely, hedging to close costs the same as any other close (nothing) provided you use the closeby or multiple-closeby order. I recently discovered that you can also do it manually. Example: {image} {image}
only when you do this before rollover time!
and its same like closing the position, so you do in 2 steps whats possible to do in one. with hedging you always do one step more for no advantage or when doing over rollover time for more costs.
  • #39
  • Dec 19, 2017 9:12am Dec 19, 2017 9:12am
Quoting dukas_trader
{quote} only when you do this before rollover time! and its same like closing the position, so you do in 2 steps whats possible to do in one. with hedging you always do one step more for no advantage or when doing over rollover time for more costs.
I'm not sure if you read my post... we're on the same page... there's a time and a place for the use of this method.
  • #40
  • Edited 9:56am Dec 19, 2017 9:44am | Edited 9:56am
Quoting Nicholishen
{quote} I'm not sure if you read my post... we're on the same page... there's a time and a place for the use of this method.
yes, true. this with rollover was only a addon to your perfect describtion.

but in general there is no need for this method, only maybe when learning programming its more easy to manage.
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