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Safe Hedging System - Daily Swap

  • #301
  • Edited Jun 14, 2007 1:48pm Jun 13, 2007 2:12pm | Edited Jun 14, 2007 1:48pm


Beware of bugs!!
"Hoe ur pips mate?" fxcarllos
  • #302
  • Jun 13, 2007 2:31pm Jun 13, 2007 2:31pm
will do Carllos. Planning on at least a month demo before trying live on IBFX.

In your new EA v5.1, I see there is a money management routine. If this is to be disabled does the "o" go in the "account management" line or in the "initial money" line"?

Tik: can you post your live results?

Quoting Carllos


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!
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  • #303
  • Jun 13, 2007 3:04pm Jun 13, 2007 3:04pm
I just tried out v5.1 on IBFX mini with 0.2 round zero lots and 0.02 further lots. It opened the trades then immediately closed them and kept reopening/closing until I switched off the EA.

slightly alarming to say the least.

Quoting Carllos


Beware of bugs!!
TRADE FOR SWAP
  • #304
  • Jun 13, 2007 3:07pm Jun 13, 2007 3:07pm
Quoting cgldsmth
I just tried out v5.1 on IBFX mini with 0.2 round zero lots and 0.02 further lots. It opened the trades then immediately closed them and kept reopening/closing until I switched off the EA.

slightly alarming to say the least.
hope that was not live test, right ?
  • #305
  • Jun 13, 2007 3:07pm Jun 13, 2007 3:07pm
no

even if it had been the damage was only about $5.

strange though.

Quoting melpheos
hope that was not live test, right ?
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  • #306
  • Edited 3:50am Jun 14, 2007 3:39am | Edited 3:50am
Quoting cgldsmth
I just tried out v5.1 on IBFX mini with 0.2 round zero lots and 0.02 further lots. It opened the trades then immediately closed them and kept reopening/closing until I switched off the EA.

slightly alarming to say the least.
humm... strange indeed!
WHAT WERE YOUR SETTINGS ON ACCOUNT MANAGEMENT WHEN THIS HAPPEN?

Iīts working fine on fxdd, the bug might be on the ibfx mini or on account management.
Iīm buying this for now..
http://www.walmart.com/catalog/produ...uct_id=1805502

If you place "0" on "InitialMoney" it wont consider AccountManagement.
AccountManagement alow you to automatic closeall positions on a %profit or %loss. Iīll place a true/false to choose AccountManagement on next version with the ibfx bug fixed

Cheers
"Hoe ur pips mate?" fxcarllos
  • #307
  • Jun 14, 2007 3:42am Jun 14, 2007 3:42am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 1406.jpg Size: 85 KB
"Hoe ur pips mate?" fxcarllos
  • #308
  • Jun 14, 2007 3:53am Jun 14, 2007 3:53am
I put 0.0 on the account management line.

If this goes well long-term then we need to identify some good MT4 400:1 brokers that take minis.

Quoting Carllos
humm... strange indeed!
WHAT WERE YOUR SETTINGS ON ACCOUNT MANAGEMENT WHEN THIS HAPPEN?

Iīts working fine on fxdd, the bug might be on the ibfx mini or on account management.
Iīm buying this for now..
http://www.walmart.com/catalog/produ...uct_id=1805502

If you place "0" on "InitialMoney" it wont consider AccountManagement.
AccountManagement alow you to automatic closeall positions on a %profit or %loss. Iīll place a true/false to choose AccountManagement on next version with the ibfx bug fixed

Cheers
TRADE FOR SWAP
  • #309
  • Jun 14, 2007 4:02am Jun 14, 2007 4:02am
Quoting cgldsmth
I put 0.0 on the account management line.

If this goes well long-term then we need to identify some good MT4 400:1 brokers that take minis.
cgldsmth,
2Day EA places 1 lot on Round 0 and 0,1 lot on Rounds 1-10 by default.

Did you change the lot value to fit your IBFX mini account?
"Hoe ur pips mate?" fxcarllos
  • #310
  • Jun 14, 2007 4:04am Jun 14, 2007 4:04am
yes, I put round 0 at 0.2 and the other rounds at 0.02

Quoting Carllos
cgldsmth,
2Day EA places 1 lot on Round 0 and 0,1 lot on Rounds 1-10 by default.

Did you change the lot value to fit your IBFX mini account?
TRADE FOR SWAP
  • #311
  • Edited 1:47pm Jun 14, 2007 4:40am | Edited 1:47pm
Quoting cgldsmth
yes, I put round 0 at 0.2 and the other rounds at 0.02
Open NEW demo account (donīt use old one) and test this.
I need to fix something in EA. It use account history and sometimes gets buggy when trades are closed.
You can use this safely for now (Open NEW account, ok?)
Turn account management to false if donīt want to use it.
"Hoe ur pips mate?" fxcarllos
  • #312
  • Jun 14, 2007 6:42am Jun 14, 2007 6:42am
Hi, it means fractional product inefficiency. Basically it means if a hamburger sells for 2 USD in the states and 1 Pound in the UK, then we can calculate that 1 UK Pound is equivalent to 2 USD. if 1UK pound is not 2USD, then it's inefficient, and we can make profit out of it.
So for a perfectly hedged ring of currency pairs, say buy gbp/jpy, sell usd/jpy, sell gbp/usd, if you multiplier the rates together, you should get 1, for example now the rates are:
usd/jpy: 122.94
gbp/usd: 1.9687
gbp/jpy: 242.04
(usd/jpy) * (gbp/usd) * (jpy/gbp)
122.94 * 1.9687 * (1/242.04) = 1

but in reality, it's not always equal to 1, many times it's more or less than it, that's when ineffiency is in place, that means there's space to make profit and that's when some big hedge funds make money from.

this is not very relevant to the hedge methods we use here 'coz with spread, we can never make money out of FPI, but I just use it as a criteria to open trades.

Enjoy Trading!

Quoting berdj
Please explain excuse my ignorance what pray tell is FP greater than 1 as you mentioned ?
Tks
make some money, have some fun, leave some footprints
  • #313
  • Jun 14, 2007 10:02am Jun 14, 2007 10:02am
Quoting Carllos
Open NEW demo account (donīt use old one) and test this.
I need to fix something in EA. It use account history and sometimes gets buggy when trades are closed.
You can use this safely for now (Open NEW account, ok?)
Turn account management to false if donīt want to use it.

I am also having problems with orders openeing and closing on the new 5.1.1
  • #314
  • Jun 14, 2007 10:20am Jun 14, 2007 10:20am
Version 5.1.1 working fine on ODL demo, going nuts opening/closing trades on IBFX though.
  • #315
  • Jun 14, 2007 11:14am Jun 14, 2007 11:14am
Guys, start new demo accounts please.
Iīll work on this problem latter.
If an account is fresh new, shouldnīt be a problem.
Sorry for this bug. Iīll fix it.
"Hoe ur pips mate?" fxcarllos
  • #316
  • Jun 14, 2007 1:45pm Jun 14, 2007 1:45pm
Anyone here chasing bugs???

http://en.wikipedia.org/wiki/Bugchasing
Attached File(s)
File Type: mq4 2day EA v5.1.2.mq4   35 KB | 576 downloads
"Hoe ur pips mate?" fxcarllos
  • #317
  • Jun 14, 2007 1:46pm Jun 14, 2007 1:46pm
Quoting Carllos
Anyone here chasing bugs???

http://en.wikipedia.org/wiki/Bugchasing
Thanks Carllos, your work is fast and i love your EA very much!!!
Patience, let the market come to you!
  • #318
  • Jun 14, 2007 1:52pm Jun 14, 2007 1:52pm
Manual results.

I has quite a lot of swap to handle a drawdown now.

I will continue to buy position every 10 days or so
Attached Image (click to enlarge)
Click to Enlarge Name: hedging.jpg Size: 30 KB
  • #319
  • Jun 14, 2007 2:22pm Jun 14, 2007 2:22pm
I really like this hedging system and I would like to start my demo using it. Being very new to the FOREX market I find it is pretty easy to understand and follow but I still have a question regarding stop loss.... "once you are in profit with your GBP/JPY pair for about 100 PIPS, put your stop/loss at 1 pip profit, only use stop with GBP/JPY pair...."
Lets use the example: I bought 1 lot of GBP/JPY for 241.22. In a time price went up to 242.23, so now should I enter a stop loss for 242.24 or 242.22? Can't I just enter Take profit at the time when I'm buying my pair (using above example : set Take profit for 242.23 ) or I'm missing the point. Please help me understand.
Thanks in advance
  • #320
  • Jun 14, 2007 2:31pm Jun 14, 2007 2:31pm
beautifully sorted!


quote=Carllos;1466909]Anyone here chasing bugs???

http://en.wikipedia.org/wiki/Bugchasing[/quote]
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