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Safe Hedging System - Daily Swap

  • #441
  • Jun 28, 2007 11:48am Jun 28, 2007 11:48am
Quoting rubaneswaran
Ok,
I am using IBFX for demo and currently the testing is created on 100K a account. So how do i fix this? Change the InitialMoney to 100k and lot size? I am also running another EA on a different chart, will this affect the hedging system? Magic number is being used in my earlier EA.

Thanks!
Change the initial money to your current accountbalance. Thatīs whats wrong with your orders.
"Hoe ur pips mate?" fxcarllos
  • #442
  • Jun 28, 2007 1:32pm Jun 28, 2007 1:32pm
This is merely a GBP/CHF trade, not a hedge.

Quoting berdj
Carllos
I have been looking at this idea tell me what you think.
I read about this hedge which yields positive spread, only need gbp/usd and usd/chf and since when one goes up the other goes down it sounds like a nice simple strategy. Also if you would program a take profit at 20pips or adjustable either way it would be then automatic as it got in and out of correlation .
Then I would place 30min waiting period to open new orders .
The example should be buy .1 gbp/usd and .14 usd/chf
I am now doing it manually but it is difficult since they move quickly sometimes.
Is this doable?
Berdj
  • #443
  • Jun 28, 2007 1:52pm Jun 28, 2007 1:52pm
i'm just wondering why noone care about what i'm saying ???

i said that the EA closed the 2 groups of 4 orders and it was loosing trade when grouped (even when including the swap )

Closing the GBPYEN with 1 pip profit and the other attached 3 orders does no garantee at all that the whole batch will be in profit !!!
  • #444
  • Jun 28, 2007 1:53pm Jun 28, 2007 1:53pm
Carllos,

As you know, Neo does not respond at all to PMs and does not frequent this forum any longer. If you're waiting for him to respond, you'll probably wait a long time .

Quoting Carllos
It is, but it would have to be a different EA. Lets hear what Neo has to say.
Anyway, i can place more options on 2Day EA that would fulfill the needs of this strategy, but it might be even more confusing then what it is now for newbies.
Lets hear from neo.
  • #445
  • Jun 28, 2007 2:18pm Jun 28, 2007 2:18pm
I care, Melpheos

Quoting melpheos
i'm just wondering why noone care about what i'm saying ???

i said that the EA closed the 2 groups of 4 orders and it was loosing trade when grouped (even when including the swap )

Closing the GBPYEN with 1 pip profit and the other attached 3 orders does no garantee at all that the whole batch will be in profit !!!
  • #446
  • Jun 28, 2007 2:36pm Jun 28, 2007 2:36pm
Quoting cgldsmth
couple of ideas for a modified EA:

1. put a 100 pip trailing stop on GBPJPY that kicks in after 100 in profit.
2. Enter new rounds when GBPJPY is rising out of a lower BB (or crosses the middle line), say on H4 chart.

I've attached an old EA which has this BB function in the code. the EA hedges guppy with CHFJPY. Maybe you can find something useful in it Carllos?
Thank you for the sugestion.
I said on post http://www.forexfactory.com/showpost...&postcount=274
that i wouldnīt be considering indicators for this strategy. Anyway, the idea seems to be interesting and worth to take a look at.

Lets hear what neo has to say. This is his thread and his strategy, iīm just the guy who plays with metaeditor. .. humm wonder if i should skip to PS3
"Hoe ur pips mate?" fxcarllos
  • #447
  • Jun 28, 2007 2:41pm Jun 28, 2007 2:41pm
Quoting melpheos
i'm just wondering why noone care about what i'm saying ???

i said that the EA closed the 2 groups of 4 orders and it was loosing trade when grouped (even when including the swap )

Closing the GBPYEN with 1 pip profit and the other attached 3 orders does no garantee at all that the whole batch will be in profit !!!
I care man Did you see that i watched my 10k account drawn to 3K? But that was a very good lesson. Look at RSI!! Entering Long orders when RSI is above 75 is a call for disaster.. So, neo was right when he stated that weīd better wait for a retracement to enter and if possible on a wednesday
"Hoe ur pips mate?" fxcarllos
  • #448
  • Jun 28, 2007 4:59pm Jun 28, 2007 4:59pm
Im doing something like this right now. Ive written a EA that has a trailing stop on those hedge pairs.. Then wait for an hour then place a new order. it would be interesting to come up with some sort of average as to how long it takes to correlate again..


Gordon

Quoting berdj
Carllos
I have been looking at this idea tell me what you think.
I read about this hedge which yields positive spread, only need gbp/usd and usd/chf and since when one goes up the other goes down it sounds like a nice simple strategy. Also if you would program a take profit at 20pips or adjustable either way it would be then automatic as it got in and out of correlation .
Then I would place 30min waiting period to open new orders .
The example should be buy .1 gbp/usd and .14 usd/chf
I am now doing it manually but it is difficult since they move quickly sometimes.
Is this doable?
Berdj
  • #449
  • Jun 29, 2007 4:03am Jun 29, 2007 4:03am
Quoting Ghamm
Im doing something like this right now. Ive written a EA that has a trailing stop on those hedge pairs.. Then wait for an hour then place a new order. it would be interesting to come up with some sort of average as to how long it takes to correlate again..


Gordon
Ghamm,
Looks like we both have the same idea I have pm'd you please check your box.
  • #450
  • Jun 29, 2007 4:38am Jun 29, 2007 4:38am
Hello all,

I am new to forex and have been demo Testing till now.will like to go to live trade soon.
Been impressed by this stratergy and would like to demo test it.
If any one needs volunteers for demo testing this ,i am very keen to help.
Carlos, give me a shout if u need any help with demo testing.
But since i am new ,i will also need some guidence as to what to do.

I have started this stratergy on a new demo account on FXDD.com yesterday.Placed trades manually on a 50K demo account.

Trades were :
1 LOT BUY (+)GBP/JPY(-)
1 LOT SELL (-)CHF/JPY(+)
1 LOT SELL (-)GBP/USD(+)
1 LOT SELL (-)USD/CHF(+)

I have looked at most places in the account window but couldnt find where iot said how much it swaps contributed to total account balance.
I can see the total loss/profit i am in due to change in pips in the 4 pairs but unable to work out how much of the profit was contributed by the swaps.

Anyone using this broker(fxdd.com), can u pls direct me to find out how much of a positive balance i am in due to the swap. I know we can work it out manually..it is ok for 1 round of lots but when it starts to get 20 rounds it may be difficult to keep track of each lot .thats the reason for my asking.

Then again,i will keep u guys updated on my results of testing and anyone who needs a volunteer ,pls let me know.
  • #451
  • Jun 29, 2007 4:41am Jun 29, 2007 4:41am
A quick question to clarify!

Having bought i set of standard lot on 4 pairs,
the next step is:

1. wait 10 days for the swap on daily basis to accumulate to 330 dollars
2. on 11th day start buying 0.1 per day for another 10 days
3. on 21st day ,we start buying 0.1 lots per day again for another 10 days..

Is that correct?

Thanks in advance.
Regards,
Sri
  • #452
  • Jun 29, 2007 8:57am Jun 29, 2007 8:57am
Quoting sri
A quick question to clarify!

Having bought i set of standard lot on 4 pairs,
the next step is:

1. wait 10 days for the swap on daily basis to accumulate to 330 dollars
2. on 11th day start buying 0.1 per day for another 10 days
3. on 21st day ,we start buying 0.1 lots per day again for another 10 days..

Is that correct?

Thanks in advance.
Regards,
Sri
1) you will accumulate about $330.00 in swap during 1 month not 10 days
2) you should spread buying your 1st set of standard lots of 4 pairs during first 10 days
3) you start baying 0.1 lots of 4 pairs if you will gain a profit of $350.00 in your account

I hope I have this right
  • #453
  • Jun 29, 2007 9:04am Jun 29, 2007 9:04am
Thanks for ur reply.Thought i was missing something...u are right about the swap gets to 330 $ in 1 month and not 10 days...so 2nd round buying starts in another month,i assume.
now just wait and watch as i accumulate swap.Well, that could be a bit boring but who cares as long as its making money.

My account is +600 after 48 hours.May be mostly becoz of the bounce of GBPJPY for 200 pips in last 48 hours.
Will keep u guys updated on my results
  • #454
  • Jun 29, 2007 10:45am Jun 29, 2007 10:45am
Quoting Ghamm
Im doing something like this right now. Ive written a EA that has a trailing stop on those hedge pairs.. Then wait for an hour then place a new order. it would be interesting to come up with some sort of average as to how long it takes to correlate again..


Gordon
Maybe you could share your EA with the community
"Hoe ur pips mate?" fxcarllos
  • #455
  • Jul 2, 2007 1:41am Jul 2, 2007 1:41am
Hi,
I just wrote a hedge calculator, to back test any of the 4 pairs, and any lot size, to test profit against the pairs etc. Id like someone to test it.
if anyone is interested in testing it, email me

Gordon
  • #456
  • Jul 2, 2007 2:23am Jul 2, 2007 2:23am
Hello Gordon:

I would love to test your hedge calculator.......Snowman
just trying to make a little on a lot.....
  • #457
  • Jul 2, 2007 2:42am Jul 2, 2007 2:42am
The only problem is that buying 1 lot of GBP/JPY and selling 1 lot of CHF/JPY isn't a true hedge because the volatility is different. A true hedge might be something like 1.5:1 for example.
  • #458
  • Jul 2, 2007 11:08pm Jul 2, 2007 11:08pm
For those of you that emailed me, and downloaded the app, Email me again. There was a problem with the file on the FTP server..
Ive fixed it.. Re download it.

Gordon
  • #459
  • Jul 3, 2007 1:41pm Jul 3, 2007 1:41pm
Hi,

Anymore new update on this EA...cause i am thinking to go live soon.

There is one issue i want to ask:
After the 1 lot entry for 4 pairs, do we wait for the next month to start the 0.1 entry for the new entry or the next day?

Thanks
Patience, let the market come to you!
  • #460
  • Jul 4, 2007 8:53am Jul 4, 2007 8:53am
Quoting dashisiong
Hi,

Anymore new update on this EA...cause i am thinking to go live soon.

There is one issue i want to ask:
After the 1 lot entry for 4 pairs, do we wait for the next month to start the 0.1 entry for the new entry or the next day?

Thanks
Hi
There is no new update at momment. All have been implemented and is working fine. Iīll work on a new pdf file for newbies but at momment iīm quiet busy.
You can go live with it at your own risk.
If you use MM, make sure InitialMoney is the same as your AccountBallance or you will have a problem with server. You can turn MM off if you want itīs optional.
My most precious advise for those using neo strategy is "Wait for a retracement before getting in". I personaly would wait for RSI (Daily) to go under 50 to get in, else certainly under 70.

if you use EA it will place all orders for you, if you do it manualy you enter 1 lot first day and 0,1 lot second day... till day eleven. On a mini account that would be 0.1 lot first day.. 0.01lot from day 2 to day 11.

Take care and have fun.

alex.pt
"Hoe ur pips mate?" fxcarllos
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