Safe Hedging System - Daily Swap

Quoting Traderman

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Question:

You guys keep saying "interest" and "Swap".

Are you talking about making income on the Rollover Rates ?

Thanks !!!

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Quoting Carllos

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Add a "CloseAll" positions.
Starting a new set of rounds today. Closed all previous positions.
Profit till now: $965.72 (9.66%)

Have Fun

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Quoting cgldsmth

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doesn't seem to work on my ibfx mini. ok on FXDD demo though.

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Quoting amenlo9

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Carllos,is it possible to make this EA to be able to select currency pairs we want to hedge?Example: Currecy 1:XXX Currency 2: XXX Currecy 3:XXX etc.thus we can select any 4 or 3 pairs that we want and backtest it for best result.

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Quoting boostrade

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Just now EA close capital profit of about 3K of trades opened on 1 June, see attached.
My strategy is to close all trades when a certain percentage of capital profit reached, usually from 3-5 percent. Immediately after the close, open trades again when FPI is not 1.
My pairs are gbp/chf, gbp/usd, usd/chf or eur/usd (depends on the recent volatility of the pairs)
The trades usually go into profit when the price of gbp/chf rises or gbp/usd drops. Last few days have experienced a few difficult periods where gbp/chf dropping while gbp/usd rising, however, the profit made by eur/usd saves the loss and finally turns the trades into a 6% profit.
As I pointed out in previous posts, if you are following hedging stratigies, it'd be better to take into account the average daily range of the pairs, reduce the no. of lots of those pairs with large ADR. Typical large ADR pairs are those that have very nice swap like gbp/jpy and gbp/chf.
So if you can manage the lots effectively, you should be safe from both rising and falling gbp movements.
My observation is: Apart from collecting daily swap, you'll be profiting from either a rise in gbp/jpy or gbp/chf when they are in a rising channel OR from drops in gbp/usd when gbp/jpy or gbp/chf is in the falling channel. The other one or two pairs should play a crucial supporting role to reduce the risks of unbalanced movements and make the hedging ring a truly ATM.

My two cents

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Quoting Carllos

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Your´s.. if you going to post the results

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Quoting mikejody

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I do not know that she follows a Eur/Chf strategy.

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Quoting Carllos

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mikejody,
long EURUSD, long USDCHF: you buy EUR, sell USD, buy USD, sell CHF
So, you buy EUR and sell CHF or... EURCHF (consider 1 lot each)

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Quoting mikejody

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Yes, I am well aware that a Eur/Usd Usd/Chf hedge is merely a long Eur/Chf, but what I am not sure of is if Forex Coach follows that hedge or some other hedge. There are many ways to hedge, I am not sure she does only that one. That was what I was saying.

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Quoting Carllos

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I was thinking on a version where that might be possible. The problem will be changging the number of pairs. I´ll have to re-write the code and do some testing first.

Anyway.. my guess is that no one will be able to backtest this, since i guess you can only backtest a strategy with one pair and not with diferent pairs. So, you can only forward test it. I might be wrong though.

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Quoting Carllos

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I was thinking on a version where that might be possible. The problem will be changging the number of pairs. I´ll have to re-write the code and do some testing first.

Anyway.. my guess is that no one will be able to backtest this, since i guess you can only backtest a strategy with one pair and not with diferent pairs. So, you can only forward test it. I might be wrong though.

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Quoting Carllos

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Hi Mikejodi,

Tell me.. it´s just curiosity, but did you exchange FR for forexcoach?

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Quoting TimeFreedom

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Carllos,

Here is a multi-hedge EA that may help with coding logic for your EA.

TimeFreedom

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Quoting Carllos

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TimeFreedom, many thanks

Many features i didn´t even thought about (like autoratio; correlation..). It will surely help me see new ways into 2Day EA.

Anyway, MultiHeadge is diferent from 2Day in many aspects. Major one is Rounds.
I´m now working on:
* Fix IBFX mini accounts problem
* Possibility for traders to go Long or Short on chosen pairs
* Possibility to close all positions if a TargetProfit or a %Loss is hit.
* Choose number of Rounds

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Quoting Carllos

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TimeFreedom, many thanks

Many features i didn´t even thought about (like autoratio; correlation..). It will surely help me see new ways into 2Day EA.

Anyway, MultiHeadge is diferent from 2Day in many aspects. Major one is Rounds.
I´m now working on:
* Fix IBFX mini accounts problem
* Possibility for traders to choose up to 10 diferent pairs
* Possibility for traders to go Long or Short on chosen pairs
* Possibility to close all positions if a TargetProfit or a %Loss is hit.
* Choose number of Rounds

I guess those are the most wanted implemented features.

The fact that EA must run in all pairs, is not a bug. It works better that way. I did a test on a solo 2Day EA version and refresh problems closed wrong trades..

Anyway, i shall warn everyone in this thread about something.
I´m developing 2Day EA according to basic Neo strategy. And i´ll be faithfull to it. It means, that:
- There will be a leading pair (in Neo strategy is GBPJPY). You will have a possibility to choose a different one, but it has to be the one that once it´s closed, all other pairs on the same round will close too.
- The leading pair will close on a 1 pip profit or whatever many pips profit you will choose. That is the concept behind closing a round.
- You can choose Lots on Round 0 and Lots on Rounds 1-10, but those are the two only options available.
- There will be only 10 Rounds avalilable (no more)
- I will hardly add any indicators (RSI, Bollinger, ATR.. etc). Basic Neo strategy don´t include indicators and i don´t think EA shall have them.

I hope you all understand this. I may work on a diferent headge EA but 2Day EA is beeing developed for those who want to trade Neo´s style.

I´m doing this for free and trying to acomplish all things i´ve been asked in private emails, so i hope you understand and enjoy the EA.

Cheers

PS- Those new features will take a couple of days to implement (i´m not a coder and.. I do have a job)

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Quoting cgldsmth

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a great job you're doing. Interestingly om my FXDD demo the swap adds up to about break-even!

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Quoting TimeFreedom

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Carllos,

Here is another EA that may address the features you posed above.

TimeFreedom

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Quoting berdj

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Just had a question about the 2day-EA
Do we manually close trades? I have an open position making almost 12% so what to do?
Tks

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