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Hedge Trade-panel

  • #261
  • Jun 18, 2020 10:04pm Jun 18, 2020 10:04pm
Thanks Bill, I have registerd with Global Prime and run demo but have existing ECN accounts with ICmarkets, Pepperston and ThinkForex and dind't have any issue with.
  • #262
  • Jun 18, 2020 10:11pm Jun 18, 2020 10:11pm
I just want to share one indicator I've used to take trades with HedgePanel32 which I've found a 90% positive strike rate by following the alerts which pop up.
I'll post indicator if you want to trial it.
I think it would be great if Hedgepanel could read and take those trades.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 534 KB
  • #263
  • Jun 18, 2020 10:19pm Jun 18, 2020 10:19pm
In setting change "Colour back bar to "0" and it will show you when direction is changing.
You can use it on all TF's
Attached File(s)
File Type: ex4 HMA v3_email.ex4   8 KB | 297 downloads
File Type: mq4 HMA v3_email.mq4   6 KB | 331 downloads
  • #264
  • Edited Jun 19, 2020 3:46am Jun 18, 2020 11:20pm | Edited Jun 19, 2020 3:46am
Quoting Johannes7
Thanks Bill, I have registerd with Global Prime and run demo but have existing ECN accounts with ICmarkets, Pepperston and ThinkForex and dind't have any issue with.
All brokers are reasonably good these days and if you don't analyse your trades you won't realise that there is anything wrong with them.
Since you mentioned pepperstone, I still have 1 account with them too and it is copy traded (my trades are duplicated in several accounts from 3 different brokers)
Anyway, one day (April this year) I was following my daily routine and was checking my open trades and noticed that in the pepperstone account 1 EURGBP buy stop trade had been triggered. I thought that it was odd because the same trade in the other 2 broker's accounts had not been triggered.
When I compared the data feed for that day, the pepperstone EURGBP bars opened with a gap down and triggered my order.
The other 2 brokers did not have such a gap
Price never went there.
So there you go, if you are not watching your trades and have some other account to compare them against, you won't see a problem.
Have a nice day
  • #265
  • Edited 11:46pm Jun 18, 2020 11:28pm | Edited 11:46pm
Quoting Johannes7
I just want to share one indicator I've used to take trades with HedgePanel32 which I've found a 90% positive strike rate by following the alerts which pop up. I'll post indicator if you want to trial it. I think it would be great if Hedgepanel could read and take those trades.
I don't believe that trading any indicator blindly will be profitable in the long run.
Have a nice day
  • #266
  • Edited 11:46pm Jun 18, 2020 11:29pm | Edited 11:46pm
Quoting Johannes7
I I think it would be great if Hedgepanel could read and take those trades.
Let me know how you go in 3 months time
Have a nice day
  • #267
  • Jun 19, 2020 5:36am Jun 19, 2020 5:36am
Quoting billv
{quote} ... and it is copy traded (my trades are duplicated in several accounts from 3 different brokers) .
This is exactly what I intended to do billv. Came across two commercial copy trade EA's, that looks reasonable to me (tadecopier and duplikium).

Well, can you please recommend a reasonable one that does a good job with copying trades? If there is one with open code, that would be nice but I guess most of them don't release the code.
A new journey in life ...
  • #268
  • Edited 8:24am Jun 19, 2020 8:07am | Edited 8:24am
Quoting tincog
{quote} This is exactly what I intended to do billv. Came across two commercial copy trade EA's, that looks reasonable to me (tadecopier and duplikium). Well, can you please recommend a reasonable one that does a good job with copying trades? If there is one with open code, that would be nice but I guess most of them don't release the code.
I have not come across any which are open code.

Live I've only used forexcopier and fxsynergy
Forecopier is simpler to configure and use and it is also cheaper
https://www.forexcopier.com/products

Friend of mine is using Tradecopier, I haven't used it myself but he says its easy to setup and use.
https://www.autofxpro.com/remote-trade-copier/
Have a nice day
  • #269
  • Jun 19, 2020 11:11am Jun 19, 2020 11:11am
Quoting Johannes7
I just want to share one indicator I've used to take trades with HedgePanel32 which I've found a 90% positive strike rate by following the alerts which pop up
I see that your trades are closing using symbol basket TP1 with 50% trade closure (the default setting of the latest set file).

This method of taking profit is perfect for trading these particular alert signals (following the direction in the alert messages and not the arrows) so I can see why you are excited about your success rate.
Please post your daily trade history so others can see your results.

Knowing how this type of TP works, I'm confident that your success will continue even during ranging periods
but you might need to fine tune your settings a bit.
I would set the SL to the same number of pips as your TP.
Since you are taking small profits, perhaps set your SL to 10 pips for now.
In future versions I'm planning to introduce a variable SL which adjusts itself to the ranges of each currency pair (much like the ADR TP)
Have a nice day
  • #270
  • Jun 20, 2020 5:18am Jun 20, 2020 5:18am
Quoting billv
New version 32, INSTANT BE: When the break even button is pressed, if a trade is profitable, the EA will place a break even at a distance specified by input InstantBE This is done in cases where we are not comfortable with the price action so we can choose to quickly secure our trade by pressing the BE button. This feature is independent of the Automatic BE which is specified by input MINProfitBEL=10. ADDED TP When Autohedging=true When Autohedging=true the EA Will place a TP if the new input EnableTPin_Autohedging=true Also, when Autohedging=true...

No SL enabled?
I suggest you should enable it.
  • #271
  • Jun 20, 2020 9:23am Jun 20, 2020 9:23am
Quoting billv
{quote} I have not come across any which are open code. Live I've only used forexcopier and fxsynergy Forecopier is simpler to configure and use and it is also cheaper https://www.forexcopier.com/products Friend of mine is using Tradecopier, I haven't used it myself but he says its easy to setup and use. https://www.autofxpro.com/remote-trade-copier/
Thanks for the recommendation billv. Went through them carefully and yes agree with you, the forexcopier seems to be better. the good part is, they do have a working free version to try out.

Glad you opened this topic.

Cheers
A new journey in life ...
  • #272
  • Jun 20, 2020 6:25pm Jun 20, 2020 6:25pm
Quoting garid101
{quote} No SL enabled? I suggest you should enable it.
You can if you want, it depends on your strategy.
A hedging SL is an opposite trade at a fixed distance which is like a Stop Loss (it stops further losses)
Have a nice day
  • #273
  • Jun 20, 2020 6:35pm Jun 20, 2020 6:35pm
Quoting tincog
{quote} Thanks for the recommendation billv. Went through them carefully and yes agree with you, the forexcopier seems to be better. the good part is, they do have a working free version to try out. Glad you opened this topic. Cheers
Don't forget to keep the slave MT4 accounts bare, i.e without fancy indicators and to keep the number of history bars + chart bars to their default setting (or to reduce them).
Have a nice day
  • #274
  • Jun 21, 2020 4:57am Jun 21, 2020 4:57am
My experene with Tradecopier has been pretty good and it's free. It's worthwhile trying.
  • #275
  • Jun 21, 2020 5:05am Jun 21, 2020 5:05am
Quoting billv
{quote} I see that your trades are closing using symbol basket TP1 with 50% trade closure (the default setting of the latest set file). This method of taking profit is perfect for trading these particular alert signals (following the direction in the alert messages and not the arrows) so I can see why you are excited about your success rate. Please post your daily trade history so others can see your results. Knowing how this type of TP works, I'm confident that your success will continue even during ranging periods but you might need to fine tune...
Thanks Bill, yes the direction of arrows is stuffed and shoud be fixed and irritating but I obviousl go with signals. What I like about the Hull MA (HMA) it's non laggig.
I'll keep eveybody posted.
The only probem with trading on ICMarkets o GlobaPrime for examle is the COMMISSION chose awy alot of the profits.
  • #276
  • Jun 21, 2020 6:22am Jun 21, 2020 6:22am
Quoting Johannes7
{quote} The only probem with trading on ICMarkets o GlobaPrime for examle is the COMMISSION chose awy alot of the profits.
It is our cost of doing business.
You should be able to get a discount and pay $5.50 per lot commissions if you sign up through the HFT group website (google it)
Since you already have accounts opened, contact HFT and find out their IB number with each broker,
then email the relevant brokers and ask to have your existing accounts linked to that IB number.

When your account size grows and you trade bigger volume, you will be able to get even better commissions
Pepperstone will not discount easily below $6 and you don't get a direct discount, they will give you a rebate into your account.
Have a nice day
  • #277
  • Jun 21, 2020 6:44am Jun 21, 2020 6:44am
Quoting billv
{quote} It is our cost of doing business. You should be able to get a discount and pay $5.50 per lot commissions if you sign up through the HFT group website (google it) Since you already have accounts opened, contact HFT and find out their IB number with each broker, then email the relevant brokers and ask to have your existing accounts linked to that IB number. When your account size grows and you trade bigger volume, you will be able to get even better commissions Pepperstone will not discount easily below $6 and you don't get a direct discount,...
Thanks Bill!
  • #278
  • Jun 21, 2020 7:16am Jun 21, 2020 7:16am
Quoting billv
{quote} I have not come across any which are open code. Live I've only used forexcopier and fxsynergy Forecopier is simpler to configure and use and it is also cheaper https://www.forexcopier.com/products Friend of mine is using Tradecopier, I haven't used it myself but he says its easy to setup and use. https://www.autofxpro.com/remote-trade-copier/
Hi Bill. Just a warning: neither forexcopier and tradecopier mentioned here will work with the OrderCloseBy function. The former, after contacting them, said they don't support it and actually trying to use it will actually lead to disabling the copier, which then needs some tricks to be restored back (following their suggestions). The latter gave a me a suggestion; I got a coder to insert a delay in the closing orders, but that didn't work either. I can't speak for the fxsynergy one.
  • #279
  • Edited 7:50pm Jun 21, 2020 10:32am | Edited 7:50pm
Quoting 4fxonly
{quote} Hi Bill. Just a warning: neither forexcopier and tradecopier mentioned here will work with the OrderCloseBy function. The former, after contacting them, said they don't support it and actually trying to use it will actually lead to disabling the copier, which then needs some tricks to be restored back (following their suggestions). The latter gave a me a suggestion; I got a coder to insert a delay in the closing orders, but that didn't work either. I can't speak for the fxsynergy one.
Thanks for the heads up.
I never thought to check compatibility with other EA's because I only use the hedge panel for manual trading.
I was planning to use the function "Close order by hedging first, (OrderCloseBy )" in my automated trading,
but I changed my mind because it can interfere with the partial trade closure (which is very important to me).

USE OF THE HEDGE PANEL WITH TRADE COPYING EA'S
Anyone who intends to use the hedge panel together with trade copying EA's should know that the trade copying EA's might not be supportive of this (Hedging+Closing) function.
It is likely that the hedging trade will not be duplicated or that it will be copied as a normal trade so you will be charged commissions for it (or the trade copying EA will stop working). Please try your trade copying EA and let us know how it behaves when it is used together with the hedge panel EA)

You can test this function yourself and see if it works properly but if you are not sure, then don't use the buttons HEDGE and CLOSE HEDGED.
And also have inputs CloseTradesByCloseby4,5,6, =false
(If you are using the set file I uploaded with EA V32 then these 3 inputs are already set to false).


USE OF THE HEDGE PANEL WITH ONLY 1 MT4
If you are using the hedge panel EA with only 1 MT4, then you can disregard the above warning.
The function ""Close order by hedging first", (OrderCloseBy )"
can be accessed as normal with the HEDGE and CLOSED HEDGED buttons (you can use these buttons as required).

This OrderCloseBy function is also used in Symbol basket Trading 4, 5 and 6
but if you are using the set file I uploaded with EA V32 then these 3 inputs are set to false and this feature is switched OFF.

If you are interested to use this feature in auto trade recovery (using symbol Basket Trading TP4, 5, 6) ,
then you can switch it back ON by setting the inputs CloseTradesByCloseby4,5,6, to true
but remember to also set the input PercentageOfTrade1ToClose to 100 in all 3 TP levels ( TP4, TP5, TP6) so that 100% of trade 1 closes at the same time.
Have a nice day
  • #280
  • Jun 22, 2020 5:17am Jun 22, 2020 5:17am
Thanks for that.
Can you move HedgePanel to right of screen?
I tried to drag it but didn't work.
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