Modified T101 Method EA\6 Pairs Hedge

First off all, I want to thank Trader101 for his "price action" method
and to the Trendchaser developing a ea for t101 original method wich
I used to code this HEDGE EA(altrough it is totaly different now)!

Ok...here is how this baby works....

It tracks PA for 6 pairs:AUDUSD;EURJPY;EURUSD;USDCHF;USDJPY;GBPCHF,
while AU,EJ and EU are the buy side, and UC,UJ and GC are sell side.....
I did a lot of research on pairing this HEDGE, and this seems to be the
best pairing. This is not a standard hedge method, cos I want to buy or sell
all pair at the time!!! The best thing about this method is that if EA or you
makes a bad decision, you will not lose much becouse this pairs are negatively correlated pairs,
and you are heavely hedged!
On the other hand, when you catch a group movement in same direction,
you will make a serious bucks.

Explanation of external variables:

extern string _____MAIN_FUNCTIONS_____;
extern bool TradeAllowed=true;
extern int MagicNumber=1803;
extern double MaxRisk = 0.3;
extern double Lot= 0.1;
extern string _____LIMITING_FUNCTIONS_____;
extern int StartLockPips=50;
extern int ScalpProfitPips=50;
extern int AccountCutoff=-100;
extern string _____PRICE_ACTION_FILTERS_____;
extern int tf=5; \\ tf used for all calculations and one indicator
extern int LookBack1= 6; \\ lookback= tf # lookback....5#6=30min\30TF
extern int LookBack2= 12;\\1hr tf
extern int LookBack3= 24;\\2hr tf
extern int LookBack4= 48;\\4hr tf
extern double Filter1= 500;\\ difference in pips betwen buy and sell side
extern double Filter2= 1000;
extern double Filter3= 2000;
extern double Filter4= 4000;
extern string _____TRIGGERING_FILTERS_____;
extern bool UseFilters= true; \\slope direction line modified/trigger
extern int TrigPeriod= 6;
extern int TrigMethod= 3;
extern int TrigPrice= 0;
extern string _____TRADING_HOURS_LIMIT_____;
extern int StartTradingHour=08;
extern int EndTradingHour=22;

In picture here, you see a 4 lines...(spips and lpips), these are a price action of all the pairs
in hedge....spips for short pairs, lpips for long pairs......if you have a "big" positive difference
in pips for the all TFs, you are ready to trade.....that is the meaning of 4 filters and variables.
You want a difference betwen 2 sides of hedge about some 500,1000,2000 and 4000 pips for TFs.
The other thing to look at is the green and orange points...each line represents one tf.....
what you want is to have all the green dots and orange dots for the all tfs to be in perfect position,
first 3 lines green, and last 3 dots orange(for buy) and reversed for sell.
You can mannualy execute comands by simply draging the all longs\shorts and closeall and close half!!!

edit: version 2\now works with mini accounts\
add m suffix to pairs....fixed some minor errors

Thank you Ff for this new addition to Trader101 method. Lesser number of pairs is very good, provided hedge part is covered. I will be testing this soon and I need to get all scripts edited and ready now.

What scripts!???? This ea is totaly automated.....altrough you can use it for manual execution, just drag the buyall\sellall...and the same works for the close\close half!
If you want to use it for manual trading just set TradeAllowed=false;....simple.

Regards

Great job FFlash

This EA will help newbies understand more about T101 concepts

Does there need to be a separate window open for all 6 pairs at once, or just one window of any of the pairs?

Only one pair!

That's great! I really look forward to testing it from tomorrow.

I look forward to testing this EA in the near future as well.

Will stay in touch!

Guys thanks.....Like I said, this ea is just finished, and I didnt test it more
than one day(last friday), so I realy dont know what to expect, altrough
I have realy good felling about this! Im using slope direction line
for the trigger (along with price action "t101")...and the thing that bothers me is that the pairs used are negatively corelated and I realy dont know how
regulary will that scenario happen! I tested this only last friday, and it happens once for nice profit! Now, I will be happy if users of the ea could
use 2 versions of EA...one regular, and the other set to false for the slope
trigger cos I really dont know what to expect! I just know that this ea
is definitelly my ultimate piece of code, and I will not give up to easy on it!

Regards

Hi,

Thanks for the system and EA. I will try it starting from tomorrow. I will try to test it with/without the slope trigger.

Cheers!

Archie

Hi FFLASH,

I saw this EA in TSD forrum too .. are u the one over there too with nick Paul Gold.

http://www.forex-tsd.com/images/statusicon/post_new.gif Yesterday, 07:08 PM
http://www.forex-tsd.com/customavata...tar64998_3.gif Paul Gold http://www.forex-tsd.com/images/stat...ser_online.gif
Junior Member
Join Date: Jul 2008
Posts: 14
http://www.forex-tsd.com/images/repu...tation_pos.gif


T101 mini HEDGE EA
First off all, I want to thank Trader101 for his "price action" method
(altrough it is totaly different now)!

Ok...here is how this baby works....

It tracks PA for 6 pairs:AUDUSD;EURJPY;EURUSD;USDCHF;U SDJPY;GBPCHF,
while AU,EJ and EU are the buy side, and UC,UJ and GC are sell side.....
I did a lot of research on pairing this HEDGE, and this seems to be the
best pairing. This is not a standard hedge method, cos I want to buy or sell
all pair at the time!!! The best thing about this method is that if EA or you
makes a bad decision, you will not lose much becouse this pairs are negatively correlated pairs,
and you are heavely hedged!
On the other hand, when you catch a group movement in same direction,
you will make a serious bucks.

Explanation of external variables:

extern string _____MAIN_FUNCTIONS_____;
extern bool TradeAllowed=true;
extern int MagicNumber=1803;
extern double MaxRisk = 0.3;
extern double Lot= 0.1;
extern string _____LIMITING_FUNCTIONS_____;
extern int StartLockPips=50;
extern int ScalpProfitPips=50;
extern int AccountCutoff=-100;
extern string _____PRICE_ACTION_FILTERS_____;
extern int tf=5; tf used for all calculations and one indicator
extern int LookBack1= 6; lookback= tf # lookback....5#6=30min30TF
extern int LookBack2= 12;1hr tf
extern int LookBack3= 24;2hr tf
extern int LookBack4= 48;4hr tf
extern double Filter1= 500; difference in pips betwen buy and sell side
extern double Filter2= 1000;
extern double Filter3= 2000;
extern double Filter4= 4000;
extern string _____TRIGGERING_FILTERS_____;
extern bool UseFilters= true; slope direction line modified/trigger
extern int TrigPeriod= 6;
extern int TrigMethod= 3;
extern int TrigPrice= 0;
extern string _____TRADING_HOURS_LIMIT_____;
extern int StartTradingHour=08;
extern int EndTradingHour=22;

In picture here, you see a 4 lines...(spips and lpips), these are a price action of all the pairs
in hedge....spips for short pairs, lpips for long pairs......if you have a "big" positive difference
in pips for the all TFs, you are ready to trade.....that is the meaning of 4 filters and variables.
You want a difference betwen 2 sides of hedge about some 500,1000,2000 and 4000 pips for TFs.
The other thing to look at is the green and orange points...each line represents one tf.....
what you want is to have all the green dots and orange dots for the all tfs to be in perfect position,
first 3 lines green, and last 3 dots orange(for buy) and reversed for sell.
You can mannualy execute comands by simply draging the all longsshorts and closeall and close half!!!

Thanks for letting us into the delivery room of your new baby!!!!!! I have a quick question about trading hours ... are they local hours or are they set broker hours? Thanking you in advance.

Latecomer, yes Im Paul from TSD....newbie there!!!
Rearding the trading hours, just set them at your broker time....
NY, London...blalablaa...doesnt matter

Well done sharing your EA FFlash , but this is just for observation and demo to get idea how basket_trade in action ...but for proper entry precisely ,, it needs more advance variable to prevent big DD ...and more effectives

just a thought, nothing to offend ...

great work , bro ...

Kevin

I deleted my post, because I did not mean to offend in anyway. I just know the feeds are very different. Learned this when I demoed the PCCI and compared the indicator to a live feed. Sorry about that.

FOREXflash,

Thank you for your EA.
Could you please let me know if your EA has a due date for testing purposes.

Thank you

alfa99

You can mannualy execute comands by simply draging the all longsshorts and closeall and close half!!!

FF, I don't understand what you mean by this. Could you please try again?...

FF, Which parameter line(s) would we change for the best MM with this EA?

Ea has no time limit!!!

If you double click the buyall and drag it on the chart...left,right, up or down... doesnt matter, EA will execute buy..etc!
Regarding the MM, you need to be more precise!!?

You can mannualy execute comands by simply draging the all longsshorts and closeall and close half!!!

Sorry FF, but I do not understand this comment. Dragging them from where and putting them where????? I have your EA open and ready to run, but I haven't seen anything which is "clickable" or "draggable" in regards to your program. You are talking like your program has special scripts and commands, but there are no scripts in the first post, just indicators & EA. I'm really confused.

Where do I find the Buyall command, etc?

As for Money Management (MM), is this fixed in the parameters, not to be changed, or is there the ability to change it down to 0.01 for the least possible exposure & safest trades?