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Popular Hedge-trading system

  • #1
  • First Post: Mar 14, 2008 11:02pm Mar 14, 2008 11:02pm
I spent a good deal of time decoding this particular Hedge-trading system last year. I put it into the Expert adviser and made some nice bells and whistles. Things never panned out with the person who I was doing this for… so… I never really did anything with it. I really spent a good deal of time on it so I don’t want it to go to waste. If anyone uses this particular system and wants to save 100 dollars a month… my little EA will do just that for you. I can explain how it works in my next few posts and see what interest there is. If there is enough I will post the EA and instructions.
  • #2
  • Mar 15, 2008 1:45am Mar 15, 2008 1:45am
Quoting alphaone
I spent a good deal of time decoding this particular Hedge-trading system last year. I put it into the Expert adviser and made some nice bells and whistles. Things never panned out with the person who I was doing this for… so… I never really did anything with it. I really spent a good deal of time on it so I don’t want it to go to waste. If anyone uses this particular system and wants to save 100 dollars a month… my little EA will do just that for you. I can explain how it works in my next few posts and see what interest there is. If there is enough I will post the EA and instructions.
Hi ,

I am interested and looking forward for EA.

Thanks in advance.

Zu
  • #3
  • Mar 15, 2008 1:51am Mar 15, 2008 1:51am
yes, post it...we can all learn from it :-)

Quoting alphaone
I spent a good deal of time decoding this particular Hedge-trading system last year. I put it into the Expert adviser and made some nice bells and whistles. Things never panned out with the person who I was doing this for… so… I never really did anything with it. I really spent a good deal of time on it so I don’t want it to go to waste. If anyone uses this particular system and wants to save 100 dollars a month… my little EA will do just that for you. I can explain how it works in my next few posts and see what interest there is. If there is enough I will post the EA and instructions.
  • #4
  • Mar 15, 2008 2:10am Mar 15, 2008 2:10am
I'll be waiting
  • #5
  • Mar 15, 2008 2:45am Mar 15, 2008 2:45am
Hedging is perhaps the soundest trading strategies! I wait eagerly for your future posts!

Thanks!
  • #6
  • Mar 16, 2008 10:47am Mar 16, 2008 10:47am
Hi,

I am also interested in your EA. please post it. Thanks
  • #7
  • Mar 16, 2008 11:19am Mar 16, 2008 11:19am
Bring it on....anxious to check it out!
  • #8
  • Mar 16, 2008 11:28am Mar 16, 2008 11:28am
I am also interested in this trading method. Please post it.

Randy
  • #9
  • Mar 16, 2008 1:04pm Mar 16, 2008 1:04pm
waiting,go ahead.



atheer1
atheer1
  • #10
  • Mar 16, 2008 5:29pm Mar 16, 2008 5:29pm
I have to remove my little copy protection scheme... give me a few days. Here are some screens shots of the properties and instructions.
1)Restart the Strategy Builder FX4 program
2)From the Navigator Menu, Drag and Drop the Expert adviser named “Hedge Rocks” to any chart you want.

4) The first tab is called COMMON: You will be prompted to check/set the properties for the Expert Advisor: Ensure that: “Allow live trading,” is checked. (you will have to check this every time unless you set this as your default in the program options).

5) The second tab is called INPUTS: You can change any one of these properties if you would like… or leave the optimized defaults as shown below. This version allows you to trade either the EURUSD or the GBPUSD or both: EURUSD&GBPUSD against one of the two: USDCHF or USDJPY. The default is to trade the EURUSD-USDCHF and the GBPUSD-USDCHF pairs simultaneously. You may change them to fit your trading preference by changing the value from true to false or visa versa.




9) Make sure to press the Expert Advisor button at the top in order to enable the adviser (as shown below)

10) Make sure that the little smiley face at the top right hand corner of the chart you dropped the EA onto… Is in fact smiling. If it is an unhappy face, you forgot to check “Allow live trading”


11)The EA is tickwise: Meaning that it waits for an update from the server (a tick) and runs its cycle upon each tick. Before the first tick, it will say, “waiting for tick.” As soon as it receives it, you will see all of the yellow information appear on the chart. If, after a time, you don’t see any yellow text… ensure that you have pressed the Expert Advisor button at the top of your program.


This is a hedging system. The idea is to trade currency pairs which go in opposite directions. All things being perfect, the net gain/loss would always be zero and you would simply accrue the high interest rates. Since the hedging pairs are not perfect, we take advantage of this by :

·Buying high, selling low with Limit orders
·Grabbing windfall profits when the pairs go out of sync, in your favor.
·Always drawing interest on positions left overnight.

The EA is automatic… sit back and watch. Everything is done for you.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fr1.JPG Size: 118 KB
Click to Enlarge Name: fr2.JPG Size: 134 KB
Attached Image
  • #11
  • Mar 17, 2008 2:30am Mar 17, 2008 2:30am
waiting patiently...
  • #12
  • Mar 23, 2008 3:38pm Mar 23, 2008 3:38pm
Any updates?
  • #13
  • Mar 23, 2008 4:52pm Mar 23, 2008 4:52pm
still working on it? it would be interesting to test it. tks
Did you place your stop loss order? Why not?!? Story of my life...
  • #14
  • Mar 23, 2008 9:51pm Mar 23, 2008 9:51pm
Did someone really start a thread like this just to get interest for Freedom Rocks? 8 days ago? Network Marketers will do anything for a lead won't they!
  • #15
  • Mar 24, 2008 11:29pm Mar 24, 2008 11:29pm
Ok...ok! I took out the copy protection stuff and tried to organize things a little BTW I have a real job which I have to tend to occasionally so, I did this as fast as I can (to the more impatient of you).


The ‘Hedge’ Rocks Expert Advisor for MT4. I warn you now that I am more of a math dude than a MQL/MT4 programmer: my programming techniques are much like my surroundings… disorganized and messy. However, the math is sound and matches the FR trading system to a high degree of precision. Feel free to clean up my code if you wish.




Now some caveats:


1) This EA was never tested on the real thing… only demos. It is still somewhat buggy. Don’t run it on a live account unless you thoroughly test it on a demo account.


2)I wrote this using the tradeviewforex.com demo account. It is calibrated to use 200:1 leverage with 100K lot sizes and roughly a 10K or 100K account balance.


3)The sizes of your purchased lots (according to FR) should be no less than .5 to ensure that the ratios between the hedge groups are optimized. It still seems to work fine with less. If you choose the highest leverage or use 10K or ‘micro’ lot sizes to trade, the purchased lots will be higher. If you can’t change your lot sizes or your leverage… than you have to increase the amount you trade… via the Margin Percentage or the account balance… or both. It seems to work just fine with purchased lots of less than .5 but, that is what they say.


4)I simply copied the FR system as best I could and have no opinion on its validity. They all seem a bit fanatical if you ask me… and that whole direct marketing thing is just not my cup of tea. It certainly can lose in spite what your Cool-Aide-Drinking friends at FR might tell you.




BUGS:


1)During the placing of the initial orders, sometimes one of two members of a currency group gets rejected by the broker which causes it to sell the remaining pair and reorder the group… causing you to eat the spread on the sold pair. It has something to do with the speed at which some brokers can accept orders.


2)Rarely, it has a problem getting the historical data and crashes out my little Pearson Correlation routine at the end. I put in a bunch of catches but it still throws an error on rare occasion.


Feel free to ask me questions. I will the EA and instructions next.

Quoting alphaone
I spent a good deal of time decoding this particular Hedge-trading system last year. I put it into the Expert adviser and made some nice bells and whistles. Things never panned out with the person who I was doing this for… so… I never really did anything with it. I really spent a good deal of time on it so I don’t want it to go to waste. If anyone uses this particular system and wants to save 100 dollars a month… my little EA will do just that for you. I can explain how it works in my next few posts and see what interest there is. If there is enough I will post the EA and instructions.
Attached File(s)
File Type: mq4 Hedge Rocks.mq4   57 KB | 6,103 downloads
  • #16
  • Mar 25, 2008 1:02am Mar 25, 2008 1:02am
Quoting alphaone
Ok...ok! I took out the copy protection stuff and tried to organize things a little BTW I have a real job which I have to tend to occasionally so, I did this as fast as I can (to the more impatient of you).


The ‘Hedge’ Rocks Expert Advisor for MT4. I warn you now that I am more of a math dude than a MQL/MT4 programmer: my programming techniques are much like my surroundings… disorganized and messy. However, the math is sound and matches the FR trading system to a high degree of precision. Feel free to clean up my code if you wish.




Now some caveats:


1) This EA was never tested on the real thing… only demos. It is still somewhat buggy. Don’t run it on a live account unless you thoroughly test it on a demo account.


2)I wrote this using the tradeviewforex.com demo account. It is calibrated to use 200:1 leverage with 100K lot sizes and roughly a 10K or 100K account balance.


3)The sizes of your purchased lots (according to FR) should be no less than .5 to ensure that the ratios between the hedge groups are optimized. It still seems to work fine with less. If you choose the highest leverage or use 10K or ‘micro’ lot sizes to trade, the purchased lots will be higher. If you can’t change your lot sizes or your leverage… than you have to increase the amount you trade… via the Margin Percentage or the account balance… or both. It seems to work just fine with purchased lots of less than .5 but, that is what they say.


4)I simply copied the FR system as best I could and have no opinion on its validity. They all seem a bit fanatical if you ask me… and that whole direct marketing thing is just not my cup of tea. It certainly can lose in spite what your Cool-Aide-Drinking friends at FR might tell you.




BUGS:


1)During the placing of the initial orders, sometimes one of two members of a currency group gets rejected by the broker which causes it to sell the remaining pair and reorder the group… causing you to eat the spread on the sold pair. It has something to do with the speed at which some brokers can accept orders.


2)Rarely, it has a problem getting the historical data and crashes out my little Pearson Correlation routine at the end. I put in a bunch of catches but it still throws an error on rare occasion.


Feel free to ask me questions. I will the EA and instructions next.
Nice professionally done, but I shall try to modify for gbp/jpy and other yens spread
  • #17
  • Mar 25, 2008 10:06pm Mar 25, 2008 10:06pm
CAn you explain how you calculate the hedge? Not interested in an A but wondering how they compute the hedge and grid
  • #18
  • Mar 26, 2008 2:48am Mar 26, 2008 2:48am
Quoting alphaone
Ok...ok! I took out the copy protection stuff and tried to organize things a little BTW I have a real job which I have to tend to occasionally so, I did this as fast as I can (to the more impatient of you).


The ‘Hedge’ Rocks Expert Advisor for MT4. I warn you now that I am more of a math dude than a MQL/MT4 programmer: my programming techniques are much like my surroundings… disorganized and messy. However, the math is sound and matches the FR trading system to a high degree of precision. Feel free to clean up my code if you wish.




Now some caveats:


1) This EA was never tested on the real thing… only demos. It is still somewhat buggy. Don’t run it on a live account unless you thoroughly test it on a demo account.


2)I wrote this using the tradeviewforex.com demo account. It is calibrated to use 200:1 leverage with 100K lot sizes and roughly a 10K or 100K account balance.


3)The sizes of your purchased lots (according to FR) should be no less than .5 to ensure that the ratios between the hedge groups are optimized. It still seems to work fine with less. If you choose the highest leverage or use 10K or ‘micro’ lot sizes to trade, the purchased lots will be higher. If you can’t change your lot sizes or your leverage… than you have to increase the amount you trade… via the Margin Percentage or the account balance… or both. It seems to work just fine with purchased lots of less than .5 but, that is what they say.


4)I simply copied the FR system as best I could and have no opinion on its validity. They all seem a bit fanatical if you ask me… and that whole direct marketing thing is just not my cup of tea. It certainly can lose in spite what your Cool-Aide-Drinking friends at FR might tell you.




BUGS:


1)During the placing of the initial orders, sometimes one of two members of a currency group gets rejected by the broker which causes it to sell the remaining pair and reorder the group… causing you to eat the spread on the sold pair. It has something to do with the speed at which some brokers can accept orders.


2)Rarely, it has a problem getting the historical data and crashes out my little Pearson Correlation routine at the end. I put in a bunch of catches but it still throws an error on rare occasion.


Feel free to ask me questions. I will the EA and instructions next.
You have really made money with that ?
After 10 minutes of use, I lost 10 % http://www.forexfactory.com/images/icons/icon8.gif
  • #19
  • Mar 26, 2008 2:25pm Mar 26, 2008 2:25pm
No, not really. I hope you were using a demo. I simply matched the FR system. They have a lot of members all doing this. Some swear by it... personally, I don't think it's all that. If it were making me money, I wouldn't have given it away.

Quoting madscalp
You have really made money with that ?
After 10 minutes of use, I lost 10 % http://www.forexfactory.com/images/icons/icon8.gif
  • #20
  • Mar 28, 2008 12:57pm Mar 28, 2008 12:57pm
Whats the Profit factor value for? What does value 4 mean? Is it a multiplier or a percentage profit?

regards

k.
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