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Safe Hedging System - Daily Swap

  • #341
  • Jun 17, 2007 1:30am Jun 17, 2007 1:30am
i could be wrong but at the moment the EA doesn't account for weekends, so it will try and fail to open orders on saturdays.

Quoting maninjapan
Hey Carloss, first great EA. Im trying to back test v5.1, but having a couple of problems... I set the date to begin back a year and when i run it it only runs for one or 2 days from whatever day I try to start it from... Im trying it on the FXDD demo. money management set to false.... anyone else having this problem or jsut me???
TRADE FOR SWAP
  • #342
  • Jun 17, 2007 4:46am Jun 17, 2007 4:46am
I understand that, but say i try to back test it from 2006.05.11 to 2007.5.30 it will only show results for 2006.05.11 not any further.....
  • #343
  • Jun 17, 2007 6:33am Jun 17, 2007 6:33am
Quoting maninjapan
I understand that, but say i try to back test it from 2006.05.11 to 2007.5.30 it will only show results for 2006.05.11 not any further.....
You canīt backtest the EA. This has been discussed before. You can only backtest an EA on 1 pair. 2Day EA uses 4 pairs at least. Canīt be backtested.
"Hoe ur pips mate?" fxcarllos
  • #344
  • Jun 17, 2007 9:39am Jun 17, 2007 9:39am
thatll teach me to read more carefully. Thanks carllos
  • #345
  • Jun 17, 2007 11:08am Jun 17, 2007 11:08am
Quoting jimmyforex
Thanks Neo for a great system to trade the upward trend of the GBPJYP. It isn't a perfect hedge but is safer than using correlations to make a hedge.THE LOGIC AND THE SIMPLICITY is a breathe of fresh air.I've being trading it since the 25th April. Pure profit! Some of the members have been talking about doing different pairs and only doing two other currency against the GPBJYP.THERE WAS A GUY ON ANOTHER Thread WHO TRIED IT IN 2006 AND WAS WIPED OUT. In the fall in February / March the GBPJYP fell 1300 pips and that is why you need three sells against it.The longer it goes up the bigger a retracement could be.On JUNE 8 IT RETRACED 400 PIPS MY ACCOUNT WAS ONLY DOWN $400-$600.For those who are looking at the Freedom Rocks correlations STYLE HEDGE they work but as Neo explained when the market gets a problem say goodbye to all profit and capital The reason being at times of economic crisis pe ople don't buy currency they sell and buy gold. If your got three buys two will go down around 400 pips as in Late February 2007 Late February 2006 AND June/July 2006 and the one that is suppose to hedge hardly moves.Freedom Rocks blamed customer for being greedy and using too much margin on their accounts probably partly true but you need to have sell positions. The entering one tenth of your position is fantastic advice and was used by the guy who broke the Bank of England. Another thing I have found interesting is many people tried to tell you that mathematical explanation for the currencies you hold It really a Long JPY US AND A SHORT EURO CHF OR SOMETHING LIKE THIS .Mathematically technical true but these pairs don't have the SAME INTEREST RATES AND IT IS the interest rate attached to the GBPJYP 26% THAT CAUSES THE VOLITILITY IN THE CURRENCY.WHAT MAKES THE MARKET MOVE IS SUPPLY AND Demand mathematics is how we represent the movement.The rapid MOVEMENTof the GBPJYP UPWARD IS WHAT IS GIVES SUCH QUICK PROFITS. Thanks Neo for a great system.

ALL WINNERS PLAN FOR THE WORST CASE
SCENARIOS! DON'TTHEY GEORGE!
Well, thank you for your kind words...
You have hit the nail on the HEAD.

The purpose of this type of trade is actually to protect your interest more than to make money. What many novice traders don't understand is that if you can't keep your money, you can't make any money. And I am so glad that someone echoes this sentiment...

Keep up the good work y'all, and especially kudos to Carllos for making the EA.

neo
  • #346
  • Jun 17, 2007 12:05pm Jun 17, 2007 12:05pm
Carlos,

Can you post the EA here again, and would it be possible for you to give clear instructions about using it?

For instance, will it allow us to enter 1/10th of our position each day for 10 days?

Does it place the 1 pip stop loss above the Gbp/Jpy?

Thank you.
  • #347
  • Jun 18, 2007 8:44am Jun 18, 2007 8:44am
This is kindda of embarasing..
hehehe..

Iīve been reviewing the code of 2Day EA, and there is a really nasty problem in it. First of all it tryied to place orders during weekend, so it just missed 2 rounds. Then, i tryed to understand the problem with the ibfx mini account and i found that the bug was not on the mini account problem, but on the trick EA is using to "index" orders.

So, i will just re-write the whole code and the way trades are beeing indexed. i hope that will get all bugs out. Unfortunatly i will need a couple days to do it.

Version 2 is the safest version. Though it is not automated.

Iīm really sorry guys for this problem. I promiss to work on it.

Have a great week

For a ibfx mini version of 2Day EA v2, please contact me throw email.
"Hoe ur pips mate?" fxcarllos
  • #348
  • Jun 18, 2007 8:45am Jun 18, 2007 8:45am
Quoting mikejody
Carlos,

Can you post the EA here again, and would it be possible for you to give clear instructions about using it?

For instance, will it allow us to enter 1/10th of our position each day for 10 days?

Does it place the 1 pip stop loss above the Gbp/Jpy?

Thank you.
I will re-write the EA, for now use version 2. It has a 1 pip stop and u can customize the position at your will.
"Hoe ur pips mate?" fxcarllos
  • #349
  • Jun 18, 2007 12:16pm Jun 18, 2007 12:16pm
Quoting Carllos
I will re-write the EA, for now use version 2. It has a 1 pip stop and u can customize the position at your will.
Thanks Carllos but I will wait until the new version comes out as I'll be going live with it and want to make sure it is correct.

Will there also be a way to have the EA take positions automatically once per day for 10 days, and then place the 1 pip stop on all GBP/JPY orders when they are cumulative 1 Pip in profit?

Thanks Carllos.

P.S. I've not been able to connect with "ForexCoach" yet about training with her, but will update you when we do.
  • #350
  • Jun 18, 2007 1:27pm Jun 18, 2007 1:27pm
Carllos, thanks for everything!!!
Patience, let the market come to you!
  • #351
  • Jun 18, 2007 2:36pm Jun 18, 2007 2:36pm
OK, so.. i rewrote the whole code.
So far counting 1031 lines of coding.. hehehe..

Iīve been testing it and is working fine. Not even one bug:
* Calendar is working correctly. It identifies weekends and wonīt try to place orders.
* Not opening or closing trades like a madman (i mean madEA)
* IBFX mini fine.

This version only uses 4 pairs. Code was a mess with 10 pairs.

All major bugs are now gone. Iīll continue to test it, since i donīt want you saying bad things about my mama, when using EA live

I have a picture of me after i found the bug..
http://www.vistawallpaper.com/data/m...terminator.jpg



PS- Iīll write a pdf teaching how to use it. But itīs quiet simple.
"Hoe ur pips mate?" fxcarllos
  • #352
  • Jun 18, 2007 2:47pm Jun 18, 2007 2:47pm
Quoting Carllos
OK, so.. i rewrote the whole code.
So far counting 1031 lines of coding.. hehehe..

Iīve been testing it and is working fine. Not even one bug:
* Calendar is working correctly. It identifies weekends and wonīt try to place orders.
* Not opening or closing trades like a madman (i mean madEA)
* IBFX mini fine.

This version only uses 4 pairs. Code was a mess with 10 pairs.

All major bugs are now gone. Iīll continue to test it, since i donīt want you saying bad things about my mama, when using EA live

I have a picture of me after i found the bug..
http://www.vistawallpaper.com/data/m...terminator.jpg



PS- Iīll write a pdf teaching how to use it. But itīs quiet simple.
That's what i think
Attached Image
  • #353
  • Jun 18, 2007 2:59pm Jun 18, 2007 2:59pm
Quoting dashisiong
Carllos, thanks for everything!!!
No problem mate
"Hoe ur pips mate?" fxcarllos
  • #354
  • Jun 18, 2007 3:34pm Jun 18, 2007 3:34pm
Quoting Carllos
OK, so.. i rewrote the whole code.
So far counting 1031 lines of coding.. hehehe..

Iīve been testing it and is working fine. Not even one bug:
* Calendar is working correctly. It identifies weekends and wonīt try to place orders.
* Not opening or closing trades like a madman (i mean madEA)
* IBFX mini fine.

This version only uses 4 pairs. Code was a mess with 10 pairs.

All major bugs are now gone. Iīll continue to test it, since i donīt want you saying bad things about my mama, when using EA live

I have a picture of me after i found the bug..
http://www.vistawallpaper.com/data/m...terminator.jpg



PS- Iīll write a pdf teaching how to use it. But itīs quiet simple.
HAHAHHA!!
Loved that pic Carllos! Go Carllos go!
Also wanted to know if you can add the 1/10 positions in everyday for 10 days likem Mikejody was asking for1
  • #355
  • Jun 18, 2007 3:47pm Jun 18, 2007 3:47pm
Carllos, thank you! Both an EA and a PDF. Now that's a trader helping traders. Good job!

Now, can you have the PDF to us within an hour?
  • #356
  • Jun 18, 2007 3:49pm Jun 18, 2007 3:49pm
Carllos, can you post the new EA right here? (along with the PDF? )
  • #357
  • Jun 18, 2007 10:53pm Jun 18, 2007 10:53pm
I've read your posts to this site. One of your last comments you stated.

"I for one have been still following my strategy, and so far it has survived and I have been able to cash out on it."

When you say that your system has survived does that mean you didn't make much profit? Or that your system was just ok. When you say survived it made me wonder about your results. Are you still involved with trading your system.

Thanks

civil
  • #358
  • Jun 18, 2007 11:02pm Jun 18, 2007 11:02pm
Thanks for the great post of your 4 pair hedge system. I have been trying it on two different paper accounts. One of them is 100:1, the other is 200:1. I am making money on the 200:1 but one each day for the 100:1 I am loosing at a rate of at least -$0.06. So after day one, -$0.06, after day two -$.12 and after day three -$0.22.

Does it only work for 200:1 and 400:1 accounts? Does it work better (more swap $$ in profit) in the 400:1 account?

What is the possible downside of this system? ie. If the market moves in a particular way, do I lose the $$ vested? Can the market be in a position where the swap $$ go against me?

Any help here would be great.

Thanks
  • #359
  • Jun 19, 2007 6:11am Jun 19, 2007 6:11am
Quoting mikejody
Carllos, can you post the new EA right here? (along with the PDF? )
Mikejody, let me do more testing please. I want it to be cleen of bugs.
Iīm testing it on 2 diferent accounts, a mini with 200:1 (ibfx) and a stardard 100:1 (fxdd). If itīs ok for 2 trading days, iīll release it.

Iīll use it on my live acount, so.. i donīt want to say bad things about the mama of the guy who code de EA

Hang in there

alex.pt
"Hoe ur pips mate?" fxcarllos
  • #360
  • Jun 19, 2007 6:44am Jun 19, 2007 6:44am
You got it, Alex!

Quoting Carllos
Mikejody, let me do more testing please. I want it to be cleen of bugs.
Iīm testing it on 2 diferent accounts, a mini with 200:1 (ibfx) and a stardard 100:1 (fxdd). If itīs ok for 2 trading days, iīll release it.

Iīll use it on my live acount, so.. i donīt want to say bad things about the mama of the guy who code de EA

Hang in there

alex.pt
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