Mastering MQL5 For Multi Currency Hedging

Quoting skipperxit

Disliked

{quote} This is my routine to generate the Magic Number strategyID is an input variable, usually 1,2,3,4 and so on suffix is not necessary: used only if I want to store in the magic the direction of the trade TradeLong, TradeShort are global bool variables it is based on the broker list of symbols included in the Market Watch list: depending on your account type, the available symbols list could change skipper

Ignored

Quoting skipperxit

Disliked

Problem solved? Only partially. At a certain point I needed to remember the type of order: LONG or SHORT and I didn't want to use comments as many usually do. As you know, in MT4 a partial closure of an order destroys your comment, as well as prolonging execution times for searching: in MQL string comparison is not one of the fastest operations. So I resorted to the suffix, "1" is LONG, "2" is SHORT. Is my routine perfect?. Absolutely NOT, but that's what I need (at least so far....) For this reason I understand your doubts in looking for the "sweetest"...

Ignored

double H_B_LotsRatio=1.50; // always hedge those 2 pairs by 1:1.5 ratio

Quote

Disliked

… no matter you buy/sell EUR/JPY and sell/buy GBP/JPY,
it's the same effect as you buy or sell EUR/GBR in fact.

//+------------------------------------------------------------------+
//| Translate bool to string                                         |
//+------------------------------------------------------------------+
string bool2str( bool boolval)
  {
   if(boolval==true) return("Yes");
   if(boolval==false)return("No");

// Set upper and lower thresholds for Buy or Sell order trigger.
   if(TimeCurrent() > timeStart && TimeCurrent() < timeStart + 60 && upperLine ==0 && lowerLine ==0)
     {
      upperLine = ask + DistancePoints * _Point;
      Print(DoubleToString(upperLine,2));
      lowerLine = bid - DistancePoints * _Point;
      Print("Upper Line: ", DoubleToString(upperLine,2), " Lower Line: ", DoubleToString(lowerLine,2));
     }

Print(__LINE__, " Made it here");

Quoting EgoNoBueno

Disliked

1. Another interesting free MQL5 Hedging product at MQL5 .com, by Agus Santoso. Hedging Assistant MT5: https://www.mql5.com/en/market/produ...g006%3ahedging Watch the Hedging Assistant in action. Looks just like an EA to me. Not sure if it can handle separate two separate accounts, one for Long and and one for Short trades for US customers. I will ask him. https://www.youtube.com/watch?v=j1xDGFPuhNI 2. Rewriting the Support Resistance Trader w Hedging EA specification. I will post...

Ignored

Quoting EgoNoBueno

Disliked

What About Hedging Daily? by Chayutra Sriboonruang https://www.mql5.com/en/articles/1532 Mr. Sriboonruang trades EURJPY as the Base pair and GBPJPY as the Hedge pair. His goal is to make US $100 per day. He used the Demark TD Sequential System to time his trades in addition to ensuring the current correlation between pairs was greater than 90%. He trades up to 25% equity risk. He was also keen to match lot sizing ratios between the two pairs using this Hedge To Base Ratio variable: double H_B_LotsRatio=1.50; // always hedge those 2 pairs...

Ignored

#define BTS(condition_) ((condition_) ? ("True") : ("False"))