Last version of 2Day EA has a (CLOSEALL = true) option.
Make sure you choose the option on every chart EA is running
Safe Hedging System - Daily Swap
- #283
- Jun 12, 2007 9:02am Jun 12, 2007 9:02am
Hi Carllos,
Thanks for your comment on my blog, have been very busy lately and not have time to update it...but heard a lot of guys love it, the war between the airforce and the army haha;D Hope I could get back to it soon.
About EA, no intention to release it now, 'coz of some bad experiences...but I'm willing to share the logics behind it which I think is even better
I havent tried your EA but it looks promising too. Keep up the good work!
Thanks for your comment on my blog, have been very busy lately and not have time to update it...but heard a lot of guys love it, the war between the airforce and the army haha;D Hope I could get back to it soon.
About EA, no intention to release it now, 'coz of some bad experiences...but I'm willing to share the logics behind it which I think is even better
I havent tried your EA but it looks promising too. Keep up the good work!
Took a look at your blog. Quiet interesting! Will you release HPS EA ?
make some money, have some fun, leave some footprints
- #284
- Jun 12, 2007 9:27am Jun 12, 2007 9:27am
Hi, Mikejody,
In my ea I set a profit target of 3-5%, whenever it's reached it'll close automatically. This is for 3 reasons:
1. secure capital profit
2. reopen trades with more lots hence more swap profit
3. given more swap profit, reopen trades with lots of each pair that reflect the most recent adr and hence to reduce risk of margin call.
My experience of developing ea is that it should not only follow your manual strategy but also your psychological or emotional preference. For this hedge ea, i'm happy to see swap profit every morning i get up from bed but it's not enuff. I hope to see more, my target is 10%p.m. more. So for every 3-5%, i secure capital profit, in other words, i'm expecting 2-4 closes every month on capital profit.
Now the market conditions changes constantly, recently it has been favouring the gbp/jpy, gbp/chf rise, thus we can all make profit easily, as attached, just now it closed the trade it opened yesterday and secure a nice 4K+ capital profit. However, when it goes against you, like early last week, you'll have floating loss that can go up to 30% or more, and it may last for weeks or even months (though not likely now as the gbp/jpy, gbp/chf still in the upward channel). So my logic is if there's enuff profit to close, close it, secure it, pocket it. Why 3-5? 'coz it is a reasonable profit% to make.
just my two cents. ideas and opinions for discussion r most welcomed
In my ea I set a profit target of 3-5%, whenever it's reached it'll close automatically. This is for 3 reasons:
1. secure capital profit
2. reopen trades with more lots hence more swap profit
3. given more swap profit, reopen trades with lots of each pair that reflect the most recent adr and hence to reduce risk of margin call.
My experience of developing ea is that it should not only follow your manual strategy but also your psychological or emotional preference. For this hedge ea, i'm happy to see swap profit every morning i get up from bed
but it's not enuff. I hope to see more, my target is 10%p.m. more. So for every 3-5%, i secure capital profit, in other words, i'm expecting 2-4 closes every month on capital profit. Now the market conditions changes constantly, recently it has been favouring the gbp/jpy, gbp/chf rise, thus we can all make profit easily, as attached, just now it closed the trade it opened yesterday and secure a nice 4K+ capital profit. However, when it goes against you, like early last week, you'll have floating loss that can go up to 30% or more, and it may last for weeks or even months (though not likely now as the gbp/jpy, gbp/chf still in the upward channel). So my logic is if there's enuff profit to close, close it, secure it, pocket it. Why 3-5? 'coz it is a reasonable profit% to make.
just my two cents. ideas and opinions for discussion r most welcomed
Boostrade, obviously this is working well for you. I have a question; why are you closing the hedge out? Do you close it and then take profits out of your account? Because it seems that if you close it, and then reopen it, you are right back in the same market with the same equity only you are minus the new trade spreads.
Can someone help me understand why we should close hedge trades only to open them right back up again?
Thank you.
make some money, have some fun, leave some footprints
- #285
- Jun 12, 2007 11:05am Jun 12, 2007 11:05am
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
- #287
- Jun 12, 2007 11:32am Jun 12, 2007 11:32am
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
- #288
- Jun 12, 2007 12:56pm Jun 12, 2007 12:56pm
cgldsmth, Please post the original picture in a zip file so i can open it and see it more clearly.
Dont forget to show comments (itīs crucial to see what EA is doing).
See if the EA is running on every chart with same options (properties).
Anyway. 2Day EA v5, almost done. Only a couple more features to implement.
Iīll do some testing before releasing it, since there were some changes in the code and some bugs may show their theets
Thanks for your support
Dont forget to show comments (itīs crucial to see what EA is doing).
See if the EA is running on every chart with same options (properties).
Anyway. 2Day EA v5, almost done. Only a couple more features to implement.
Iīll do some testing before releasing it, since there were some changes in the code and some bugs may show their theets
Thanks for your support
"Hoe ur pips mate?" fxcarllos 
- #290
- Jun 12, 2007 1:52pm Jun 12, 2007 1:52pm
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
here you go.
cgldsmth, Please post the original picture in a zip file so i can open it and see it more clearly.
Dont forget to show comments (itīs crucial to see what EA is doing).
See if the EA is running on every chart with same options (properties).
Anyway. 2Day EA v5, almost done. Only a couple more features to implement.
Iīll do some testing before releasing it, since there were some changes in the code and some bugs may show their theets
Thanks for your support
TRADE FOR SWAP
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
Tks
He Carlos,
PLease try your EA at 1 World Forex and try to have a demo acc with 400:1, we will see the difference you obtain compared with FXDD. I have not used them but eard they pay better interest.
http://www.1world-forex.com/
Looking forward to the results
Anyone can do it. Iīm quiet busy improving 2Day EA and testing it. If anyone is willing to forward test it on different accounts, please do.
Iīm doing this for the forum. So instead of saying, Carllos do testing for us, it would be a whole lot nice to say: "Here is my forward testing results"
"Hoe ur pips mate?" fxcarllos
Tikin
Anyone can do it. Iīm quiet busy improving 2Day EA and testing it. If anyone is willing to forward test it on different accounts, please do.
Iīm doing this for the forum. So instead of saying, Carllos do testing for us, it would be a whole lot nice to say: "Here is my forward testing results"
Thanks
- #297
- Edited 11:36am Jun 13, 2007 11:15am | Edited 11:36am
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
- #299
- Jun 13, 2007 12:08pm Jun 13, 2007 12:08pm
Iīm really glad to see my work is beeing appreciated and that itīs usefull for some of you.
Tikin, iīm not very good with indicators. Iīve built a couple for myself, but thatīs it. I will certainly look at your linreg indicator and try to fix it. Be advised that my coding skills are limited. My college degrees include Health, Economics, Management, Chemistry, Psichiatry.. but not codding.
Using EAs on metatrader is quiet easy. If you add me to your msn, iīll explain it to you has u do it.
cgldsmth, please post your results when u start the new 400:1 demo account. donīt forget the comments part on picture. Itīs crucial to see what EA is doing.
Anyway, i shall warn you that it is preferable to do more testing with 2Day EA before going live on real account. Sometimes a bug takes time to show
New version is ready.. testing!
"Hoe ur pips mate?" fxcarllos
Iīm really glad to see my work is beeing appreciated and that itīs usefull for some of you.
Tikin, iīm not very good with indicators. Iīve built a couple for myself, but thatīs it. I will certainly look at your linreg indicator and try to fix it. Be advised that my coding skills are limited. My college degrees include Health, Economics, Management, Chemistry, Psichiatry.. but not codding.
Using EAs on metatrader is quiet easy. If you add me to your msn, iīll explain it to you has u do it.
cgldsmth, please post your results when u start the new 400:1 demo account. donīt forget the comments part on picture. Itīs crucial to see what EA is doing.
Anyway, i shall warn you that it is preferable to do more testing with 2Day EA before going live on real account. Sometimes a bug takes time to show
New version is ready.. testing!
Thank you for your offer but I do not have MSN installed as my daughter was using it and it was causing me problems. However, I have found a tutorial and should be on my feet soon, as I need to learn how to run an EA on MT4. Thank you as well for your offer to look into my indicator, keep up the good work.
Thanks again