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LazyHedging Trading Ideas

  • #61
  • Feb 16, 2021 12:34pm Feb 16, 2021 12:34pm
New version "smLazyHedging TrendChannel_v1.5.1"

Quoting bopuc
Found this one a bit odd, maybe it's a bug in the code... When we have short entry, all lines are red but for long entry, they are ( I think properly) coloured blue/red.
You are right, because of copy & paste the colors were identical. Thanks for the comment.
Here is the corrected version.
Attached File(s)
File Type: ex4 smLazyHedging TrendChannel_v1.5.1.ex4   60 KB | 924 downloads
  • #62
  • Feb 16, 2021 11:24pm Feb 16, 2021 11:24pm
Quoting SwingMan
{quote} Can you please explain what Xard is doing? I do not know. On the left side we have a win. On the right side I also have a win with my broker (maybe you change yours ...) Of course, one has to test the hedging idea, I haven't done that in practice yet, so the thread's title suggests that the idea should be analyzed. {image}
Hi Swingman.

Xard always gives his work away for free, but not his code. He seems to calculate the trend bars by the cross of two moving averages, but also they must agree to another trend direction, which I think he is basing on Zig Zag. You can read all about his method here: https://forex-station.com/viewtopic....73#p1295428873
  • #63
  • Feb 17, 2021 3:52am Feb 17, 2021 3:52am
Incredible work SM, as always.

Now I'm trying to work on an EA that opens the order (above 10MA in case of buy) and closes (below 8MA in case of buy) and vice versa by opening (below 8MA in case of sell) and close (the one above 10MA in case of sell) As I am still learning mq4, I will start from something ready like this attached file. It's like an MA-based stoploss and works well but is triggered on touch with the MA and not after the candle closes (above or below) Well, but it is already a start!

Regarding smLazyHedging TrendOsc_v1.1 a very nice option would be an alert. I can try to place it if I have the file.

ps. I started a journey of reading all your started threads and the 2,232 thread replies on FF. I have a lot to learn from you sir.
Attached File(s)
File Type: mq4 OrdMgrSL.mq4   7 KB | 418 downloads
  • #64
  • Feb 17, 2021 5:14am Feb 17, 2021 5:14am
Quoting carlosmartin
Incredible work SM, as always. Now I'm trying to work on an EA that opens the order (above 10MA in case of buy) and closes (below 8MA in case of buy) and vice versa by opening (below 8MA in case of sell) and close (the one above 10MA in case of sell) As I am still learning mq4, I will start from something ready like this attached file. It's like an MA-based stoploss and works well but is triggered on touch with the MA and not after the candle closes (above or below) Well, but it is already a start! Regarding smLazyHedging TrendOsc_v1.1 a very nice...
Very nice, and I wish you every success!
Until you're done, maybe I'll post an alternative exit indicator similar to that for "Mantra Strategy" https://www.forexfactory.com/thread/...e-boat-trading
  • #65
  • Feb 17, 2021 1:28pm Feb 17, 2021 1:28pm
Quoting SwingMan
{quote}Until you're done, maybe I'll post an alternative exit indicator
...that would be amazing! While we still don't have an alert, one option is to use this indicator from Lord Mladen. Besides the lines I also like the colored bars
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fa4dc661ed0f9a426bf81277db8d72d8.png Size: 272 KB
Click to Enlarge Name: ee504bf2d3f55c9f7863ed14bdda40c2.png Size: 161 KB
Click to Enlarge Name: f89baecf30316acf790ab1344eaedda5.png Size: 159 KB
Attached File(s)
File Type: ex4 averages - mtf - alerts 9.0.ex4   154 KB | 436 downloads
  • #66
  • Feb 17, 2021 2:25pm Feb 17, 2021 2:25pm
Quoting carlosmartin
...Besides the lines I also like the colored bars
Appearances are deceptive ...

Such colored bars as the Heikin Ashi candles are good for getting a global impression of the trend.
In practice, however, you also need to know whether a bar is green or red or where the open and close are.

I just read an article in Stocks & Commodities: "Ratio Of Red To Green Candles".
The author - Ken Calhoun - sells various interesting courses for a lot of money (TradeMastery#com) and in the article he describes exactly what I wrote for free in #Post 1, Note #2 ...

One can e.g. program a very simple trend trading system:
- trend determined with the HiLo 10/8 MAs
- Entrys for HiLo of previous bar if in the last 5 bars at least 3 bars have the same color in the direction of the trend
- filter or not with trend of upper time frame
- limitation of initial losses with hedging, break even, trailing
- exit on my not yet published indicator, or on MAs
- reentry in trend
  • #67
  • Feb 17, 2021 2:56pm Feb 17, 2021 2:56pm
Quoting SwingMan
{quote} Appearances are deceptive ...
you're absolutely right!
  • #68
  • Feb 19, 2021 6:57am Feb 19, 2021 6:57am
Thank you for this one Swingman.
Luv to have an alert when the signals come up.

Have a great weekend, looking forward to next weeks posts.
  • #69
  • Feb 19, 2021 7:33am Feb 19, 2021 7:33am
SwingMan,

a question regarding smLazyHeading TrendChannel v1.5.1.
At the screen-shot below is a typical situation that looks like we won until you check lower TF and see that the price first triggered entry, went to SL and then to TP. The current screenshot is H1/D1 timeframe and when I go to M5 I see M5/H4 timeframe. Is there a way to have entry/tp/sl lines from the H1/D1 time frame when looking at the M5 time frame? Thanks.

Attached Image (click to enlarge)
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  • #70
  • Feb 19, 2021 7:40am Feb 19, 2021 7:40am
Quoting bopuc
SwingMan, a question regarding smLazyHeading TrendChannel v1.5.1. At the screen-shot below is a typical situation that looks like we won until you check lower TF and see that the price first triggered entry, went to SL and then to TP. The current screenshot is H1/D1 timeframe and when I go to M5 I see M5/H4 timeframe. Is there a way to have entry/tp/sl lines from the H1/D1 time frame when looking at the M5 time frame? Thanks. {image}

The indicator is time frame sensitive.. So your signal on 5 min and on 1 hour wont be the same i think.
  • #71
  • Feb 19, 2021 8:45am Feb 19, 2021 8:45am
Quoting bopuc
SwingMan, a question regarding smLazyHeading TrendChannel v1.5.1. At the screen-shot below is a typical situation that looks like we won until you check lower TF and see that the price first triggered entry, went to SL and then to TP. The current screenshot is H1/D1 timeframe and when I go to M5 I see M5/H4 timeframe. Is there a way to have entry/tp/sl lines from the H1/D1 time frame when looking at the M5 time frame? Thanks.
It would be possible, but will not do, because it has nothing to do with the basic idea.
As @Takisd noted, there is no match between the signals, and if you want that, you can draw the charts one below the other.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-H1M5.PNG Size: 61 KB
  • #72
  • Edited 3:02pm Feb 19, 2021 8:56am | Edited 3:02pm
New indicator "smSpreadOsc_v1.0"

For scalpers on M1 or M5 it is important to know how the spread develops dynamically.

This spread oscillator is used to calculate the percentage: (100 * Spread / ATR).
An EMA (50) is calculated with the spread for every tick!. ATR period is 14.

I have set a threshold of 20% because scalping above is less economical.
Attached Image
Attached File(s)
File Type: ex4 smSpreadOsc_v1.0.ex4   10 KB | 634 downloads
  • #73
  • Feb 19, 2021 11:27am Feb 19, 2021 11:27am
Quoting SwingMan
{quote} It would be possible, but will not do, because it has nothing to do with the basic idea. As @Takisd noted, there is no match between the signals, and if you want that, you can draw the charts one below the other. {image}
I have not deviated from the original idea, but I may not articulate my wish in the best way

I want to speed up visual backtesting. I understand that the indicator is time frame sensitive and that was the exact reason to ask for 'feature' so that I can backtest H1 signals on M5 timeframe for better precision. Currently, one needs to jump from timeframe to timeframe and manually draw entry/sl/tp lines on H1 (or compare two charts) then jump to M5 to verify if the entry signal went to TP or SL first.


Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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I respect your decision SwingMan. Won't bring this topic anymore. Cheers.
  • #74
  • Feb 19, 2021 12:07pm Feb 19, 2021 12:07pm
Thanks SwingMan for this interesting idea! Little bit confused about rule 4:

Note #4 - The first idea for trading is to set after entry a trailing stop identical to the calculated distance between the lines.
At loss when the exit level is reached, one should trade in the opposite direction (a small hedge trade) with the same trailing stop.
Anyone who examines this rule will find that the use of a martingale can be very beneficial (I'm curious if someone will do that ...).
The number of lots can be calculated with a percentage of the capital, one can limit the number of simultaneous orders, etc.

I was wondering about 'a small hedge trade' in the opposite direction; for me a hedge trade (hedging) is taking an opposite trade while the first (opposite) trade is still active and 'a small trade' should indicate this trade has a lower lotsize as the first position(?). When I study later posts it seems the first trade is stopped out and a second trade is entered with higher lotsize?

thanks Montrose
  • #75
  • Feb 19, 2021 12:33pm Feb 19, 2021 12:33pm
Montose,

I also interpreted the 'hedge trade' as opening trade in the opposite direction when the previous hits SL. The difference between the classic Margingage and LazyHeding version is discussed more around post #33.
  • #76
  • Feb 19, 2021 12:38pm Feb 19, 2021 12:38pm
Quoting bopuc
I have not deviated from the original idea, but I may not articulate my wish in the best way I want to speed up visual backtesting. I understand that the indicator is time frame sensitive and that was the exact reason to ask for 'feature' so that I can backtest H1 signals on M5 timeframe for better precision. Currently, one needs to jump from timeframe to timeframe and manually draw entry/sl/tp lines on H1 (or compare two charts) then jump to M5 to verify if the entry signal went to TP or SL first....
It seems interesting to me how you want to use the indicator. But that is a step further and I should also think about it.
Maybe later I can do an MTF version for the indicator, you can remind me.
  • #77
  • Feb 19, 2021 12:44pm Feb 19, 2021 12:44pm
Quoting bopuc
Montose, I also interpreted the 'hedge trade' as opening trade in the opposite direction when the previous hits SL. The difference between the classic Margingage and LazyHeding version is discussed more around post #33.
Please do not forget that the SL is sliding, and not one of the drawn levels, because then it is the classic martingale.
That is the decisive idea, as only @gerval has commented so far.
  • #78
  • Feb 19, 2021 12:50pm Feb 19, 2021 12:50pm
I am doing a manual backtesting with that idea. It is a bit expensive to do it like this, but I hope to see the behavior of the Trailing and the Martingale.

The way Swingman is aiming with the TS is the only way to have a martingale probably with a chance of survival, or so I hope.
  • #79
  • Feb 19, 2021 12:58pm Feb 19, 2021 12:58pm
Quoting gerval
I am doing a manual backtesting with that idea. It is a bit expensive to do it like this, but I hope to see the behavior of the Trailing and the Martingale. The way Swingman is aiming with the TS is the only way to have a martingale probably with a chance of survival, or so I hope.
Good luck, we all hope so! Unfortunately I can only write the EA a little later, then it will be easier to test and adjust the parameters.
  • #80
  • Edited 2:21pm Feb 19, 2021 1:01pm | Edited 2:21pm
Quoting Montrose
...I was wondering about 'a small hedge trade' in the opposite direction; for me a hedge trade (hedging) is taking an opposite trade while the first (opposite) trade is still active and 'a small trade' should indicate this trade has a lower lotsize as the first position(?). When I study later posts it seems the first trade is stopped out and a second trade is entered with higher lotsize? thanks Montrose
Surely I didn't explain it clearly enough, and I don't plan to do that either ...
Those who recognize and understand the idea can continue studying or ask specific questions, no problem.

The table in #Post 33 should be studied, preferably with percentages.
You are right, at exit you close the trade, you take the loss, you add the desired profit and the lotize is increased. Because the SL is sliding, this lot size will be smaller than in the classic martingale and of course you can also use this method for other systems.
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