EURUSD & USDCHF Hedge EAs | Forex Factory

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Attachments: EURUSD & USDCHF Hedge EAs
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EURUSD & USDCHF Hedge EAs

  • #1
  • First Post: Edited May 10, 2009 9:00am May 2, 2009 9:12am | Edited May 10, 2009 9:00am
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  • #2
  • May 2, 2009 9:16am May 2, 2009 9:16am
Quoting tokyomaster


And finally, the system uses an external website to calculate the TP and SL correctly. These settings change on a daily basis. If anyone tries to sell this EA or decompile it and change its name then i will simply close the website down and/or change the TP and SL settings.
Impressive coding. What if your website is down for some reason ? What will happen to the EA ? will it still trade ?
  • #3
  • May 2, 2009 9:21am May 2, 2009 9:21am
Quoting forexisfx
Impressive coding. What if your website is down for some reason ? What will happen to the EA ? will it still trade ?
If trades are already open then it will work fine, if TP and SL are missing then you should stop the EA and close all orders.
  • #4
  • May 2, 2009 9:23am May 2, 2009 9:23am
can u explain a bit about the lot size and how many open position will the EA maintain ? What is the average number of trades executed each week ?
  • #5
  • May 2, 2009 9:26am May 2, 2009 9:26am
Quoting forexisfx
can u explain a bit about the lot size and how many open position will the EA maintain ?
There will always be at least 2 open positions, 1 for EURUSD and 1 for USDCHF. And there will always be at least 2 pending orders for EURUSD and 2 pending orders for USDCHF.

I prefer to keep the lot size, TP and SL calculations a secret at this time.
  • #6
  • May 2, 2009 9:29am May 2, 2009 9:29am
Quoting tokyomaster
There will always be at least 2 open positions, 1 for EURUSD and 1 for USDCHF. And there will always be at least 2 pending orders for EURUSD and 2 pending orders for USDCHF.

I prefer to keep the lot size, TP and SL calculations a secret at this time.
i guess we have to demo and see what it is doing. Maybe it will open 10 full lot
  • #7
  • May 2, 2009 9:30am May 2, 2009 9:30am
Quoting forexisfx
i guess we have to demo and see what it is doing. Maybe it will open 10 full lot
It will use 15% of available margin.
  • #8
  • May 2, 2009 9:33am May 2, 2009 9:33am
i think sooner or later someone will ask this question. How long u have been using this system and can u show us some live/demo statement ?
  • #9
  • May 2, 2009 9:38am May 2, 2009 9:38am
Quoting forexisfx
i think sooner or later someone will ask this question. How long u have been using this system and can u show us some live/demo statement ?
I have put it here so people can forward test it on a demo account. When/if they are happy with their own results, then they can go live if they wish.
Attached Image (click to enlarge)
Click to Enlarge Name: Tests.png Size: 10 KB
  • #10
  • May 2, 2009 9:44am May 2, 2009 9:44am
Quoting tokyomaster

You will need a minimum of 500 base currency for the system to work properly due to the internal lot size calulation for each currency.
This part i don't understand. If broker 0.01 lot = 1,000 base currency unit , this EA cannot be used ?
  • #11
  • May 2, 2009 9:46am May 2, 2009 9:46am
Quoting tokyomaster
I have put it here so people can forward test it on a demo account. When/if they are happy with their own results, then they can go live if they wish.
will test it once market is open. it looks like u spend some real hard work on this EA [saw your other thread]
  • #12
  • May 2, 2009 9:48am May 2, 2009 9:48am
Quoting forexisfx
will test it once market is open. it looks like u spend some real hard work on this EA [saw your other thread]
All in all, its about 8 months development, debugging, testing.

Good luck.
  • #13
  • May 3, 2009 1:03am May 3, 2009 1:03am
Hi Tokyo master,

Do you have any real results to show us?

Quoting tokyomaster
First of all....

I am fully aware of the pros/cons of trying to hedge EURUSD against USDCHF and as such do not need to be reminded of them. I use this system for live trading, so i am aware of its profits.

Lets begin...

1. Copy the Auto-Hedge-FX.ex4 to your MT4 experts folder.
2. Copy the Close All.ex4 to your MT4 script folder.
3. Copy the Correlation.ex4 to your MT4 indicator folder.
4. Load MT4
5. Open a weekly EURUSD chart.
6. Place the Correlation indicator on the chart.
7. Attach the Auto-Hedge-FX.ex4 making sure there is a smiley...
  • #14
  • May 3, 2009 4:48am May 3, 2009 4:48am
Quoting tokyomaster
I have put it here so people can forward test it on a demo account. When/if they are happy with their own results, then they can go live if they wish.
Hi tokyomaster
Impressive results.
Just a question: as it's impossible to set , does your EA work with a 5 digit broker ?
regards
  • #15
  • May 3, 2009 7:51am May 3, 2009 7:51am
Quoting madscalp
Hi tokyomaster
Impressive results.
Just a question: as it's impossible to set , does your EA work with a 5 digit broker ?
regards
Yes 4 or 5 works the same.
  • #16
  • May 3, 2009 7:51am May 3, 2009 7:51am
Quoting tjsun80
Hi Tokyo master,

Do you have any real results to show us?
Forward test it yourself.
  • #17
  • May 3, 2009 7:54am May 3, 2009 7:54am
Quoting tokyomaster
Forward test it yourself.
  • #18
  • May 3, 2009 9:27am May 3, 2009 9:27am
Hello

First of all thank you for sharing your ea. I have attached it to chart but i can't find where to set lot size? And set Risk percent?

Thanks for sharing.
  • #19
  • May 3, 2009 5:54pm May 3, 2009 5:54pm
Hi TokyoMaster,
Thanks for the EA and indicator. I have loaded them as directed in your post #1. The EA is loaded OK (smiley face). It is showing the comment "Waiting for tick...". What does it mean? The market is now open.

In addition I had to change the Correlation indicator variable "OtherChart" from USDCHF to USDCHFFXF because the broker uses postfixes. I wonder if this is a problem for the EA.

Thanks
FxPuppy
  • #20
  • May 3, 2009 6:31pm May 3, 2009 6:31pm
Quoting FXPuppy
Hi TokyoMaster,
Thanks for the EA and indicator. I have loaded them as directed in your post #1. The EA is loaded OK (smiley face). It is showing the comment "Waiting for tick...". What does it mean? The market is now open.

In addition I had to change the Correlation indicator variable "OtherChart" from USDCHF to USDCHFFXF because the broker uses postfixes. I wonder if this is a problem for the EA.

Thanks
FxPuppy
Yes, this will be the problem as i only ever tested/used it on Alpari. I will change the code and post a new version shortly.
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