{quote} Something like this looks good: https://www.tradingview.com/script/KGt5lM8A-Seismic-Market-Spike-Detector-v1-0/ Programme this into EA. If there is a spike, close open trades at breakeven or don't open new trades.
Can you guys explain in Details about the hedging Theory some guys are talking about. How you would like to work that with the EA. if we coded that and Updated with the EA. I need your all Ideas about it.
{quote} We always need Guys Like you here khattak2666. You are doing a great thing testing different pairs in different settings. Keep up the good work
Can you guys explain in Details about the hedging Theory some guys are talking about. How you would like to work that with the EA. if we coded that and Updated with the EA. I need your all Ideas about it.
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There are different ways to hedge. Here is 1 example. Dont really know if these are good ideas and how to integrate them into this EA though.
1.
1 lot buy order, drawdown 50 pips
At 50 pips drawdown execute a 1.2 lot sell order
diff is now 0.2 sell lots
This stops further drawdowns and slowly recovers losses if market keeps falling.
You can wait for the market to fall further and the hedge sell will equal the buy order.
2. Say you are -50 pips. Hedge the position like above. If position moves back direction profit, close the hedge at say -30 pips of the original hedge position.
Don't know if that is clear?
{quote} That's what we need come up with ideas to.reduce risk and increase profit margine
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Hi pipbeastfx,
First of all thank you so much for sharing such fantastic EA with us. I just have a couple questions concerning the Total Equity Risk control which need your clarification. Does it cover all the trades that I have taken regardless of the EA involvement or it would just specifically address to the CCY pair that I have trade using the EA?
What happen when I set my Equity Risk differently if I trade more than 1 CCY pair under this EA?
Would it also take into consideration of all the open trades that are causing drawdown?
I understand you have been emphasizing the risk management is equally important beside the strategy itself. Hence I'm try to figure out what is my best approach in accessing this equity risk control. Thank you in advance for your support and advise.
{quote} There are different ways to hedge. Here 2 examples. Dont really know if these are good ideas and how to integrate them into this EA though. 1. 1 lot buy order, drawdown 50 pips At 50 pips drawdown execute a 1.2 lot sell order diff is now 0.2 sell lots This stops further drawdowns and slowly recovers losses if market keeps falling. You can wait for the market to fall further and the hedge sell will equal the buy order. 2. Say you are -20 pips. Hedge the position. If position moves back direction profit, close the hedge at -10 pips of the...
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I was thinking more or less about the same thing.
Create a Virtual Equity stop that activates at -50 pips without closing the positions and opening a lot as you say to stop the DD.
I think Pipsbeastfx can implement it for testing.
Guys today I realised the EA isn't working at all when I try load it to the chart with the sad face showing up right corner. Can somebody tell me what happened? I have checked on the DLL box.
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Joined May 2006
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Status: Think Fast, Live Free!
|119 Posts
I've been thinking about how to stay out of trending markets, and I think I've worked out a way.
Have a look at the below chart. The indicator at the bottom is a currency strength indicator.
Download it from here: https://www.forexfactory.com/showthread.php?t=481576
Each day, check the currency strength indicator on the daily chart and only use the EA when the currency is ranging within the middle band.
Today the EURGBP is within the middle band, so I will trade the EA. It's pretty obvious when you should be in and out of this market.
I've been thinking about how to stay out of trending markets, and I think I've worked out a way. Have a look at the below chart. The indicator at the bottom is a currency strength indicator. Download it from here: https://www.forexfactory.com/showthread.php?t=481576 Each day, check the currency strength indicator on the daily chart and only use the EA when the currency is ranging within the middle band. Today the EURGBP is within the middle band, so I will trade the EA. It's pretty obvious when you should be in and out of this market....
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great ideas.
I am curious how will work with this filter. Seems perfect.
Guys today I realised the EA isn't working at all when I try load it to the chart with the sad face showing up right corner. Can somebody tell me what happened? I have checked on the DLL box.
Lets try to improve my profitable Grid Correction EA
