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EURUSD & USDCHF Hedge EAs

  • #141
  • May 7, 2009 10:44am May 7, 2009 10:44am
Quoting Why Oh Why
Both have banked a bit to go in to profit but they missed most of the open profit which has now gone. Up to $600 on each at one point.

Thanks for your continued support Tokyo.

BTW I'm in Brighton in a couple of weeks if you fancy a beer? I live mainly in Malta and France. Please let me know.
Remember...greed is good...but it often comes at a price...you just need to know what that price is...up or down...

Yeah i be up for a beer or several.
  • #142
  • Edited 11:06am May 7, 2009 10:54am | Edited 11:06am
tokyomaster , if let say the profit goes from +$100 to -$10. If we take profit at $100 , the EA will open position once take profit. It will cause the loss to be -$110 once it goes to -$10 ? So it's like, we take profit it will end up -$110 , if we don't take profit it will end up -$10. Am I correct ?

If I'm right , I have an idea. Why don't we open a demo account which do the normal buy/buy show us how much profit/loss running so far. If profit reach +$100 , we sell/sell eurusd and uschf because it will eventually go back to below zero. If the profit reach -$100 , we buy/buy eurusd and usdchf. In that case we don't get much draw down and we get profit fast.

I will use "Why Oh Why" trade example. His trades once reach +$600, we take profit from the +$600 and the EA will do a sell/sell. Right now I look at "Why Oh Why" live trade , it goes to +$65. Which means we will profit +$535 by doing sell/sell. Wow ?

So instead of randomly entering buy/buy. Why don't the EA time the entry by looking at the current running profit/loss and do buy/buy or sell/sell accordingly ?
  • #143
  • May 7, 2009 11:08am May 7, 2009 11:08am
Quoting forexisfx
tokyomaster , if let say the profit goes from +$100 to -$10. If we take profit at $100 , the EA will open position once take profit. It will cause the loss to be -$110 once it goes to -$10 ? So it's like, we take profit it will end up -$110 , if we don't take profit it will end up -$10. Am I correct ?

If I'm right , I have an idea. Why don't we open a demo account which do the normal buy/buy show us how much profit/loss running so far. If profit reach +$100 , we sell/sell eurusd and uschf because it will eventually go back to below zero. If the...
Yes, i am aware of at least one trader doing this. He wrote an EA which read trades from one account (demo) and then placed trades on a live account based on a similiar mechanism you mention above. I will give him a bell.
  • #144
  • May 7, 2009 11:11am May 7, 2009 11:11am
Quoting tokyomaster
Yes, i am aware of at least one trader doing this. He wrote an EA which read trades from one account (demo) and then placed trades on a live account based on a similiar mechanism you mention above. I will give him a bell.
I though of a problem. We must know what's the limit of the +/-. The thing is, how do we know +$100 is the top ? It might go +$1000. That is something we need for the EA to determined highest point to enter. That is something like, how do we know how much decorrelation there can be.
  • #145
  • May 7, 2009 11:14am May 7, 2009 11:14am
Quoting forexisfx
I though of a problem. We must know what's the limit of the +/-. The thing is, how do we know +$100 is the top ? It might go +$1000. That is something we need for the EA to determined highest point to enter.
We could use bollinger bands for that. i.e. upper/lower for each pair. It wouldnt be the holy grail but allot better than just entering with BUY/BUY or SELL/SELL.
  • #146
  • May 7, 2009 11:18am May 7, 2009 11:18am
Here is a good example with i tested 20mins ago.

The EURUSD hit its higer bollinger band and at the same time USDCHF hit its lower bollinger band.

So, i SELL EURUSD and BUY USDCHF. Slightly different to what we have been doing but worth thinking about all the same.

It was just a test so i dont know about its merits.
Attached File(s)
File Type: pdf Test.pdf   96 KB | 494 downloads
  • #147
  • May 7, 2009 12:22pm May 7, 2009 12:22pm
Again...
Attached File(s)
File Type: pdf Test02.pdf   96 KB | 466 downloads
  • #148
  • May 7, 2009 6:54pm May 7, 2009 6:54pm
Quoting tokyomaster
Here is a good example with i tested 20mins ago.

The EURUSD hit its higer bollinger band and at the same time USDCHF hit its lower bollinger band.

So, i SELL EURUSD and BUY USDCHF. Slightly different to what we have been doing but worth thinking about all the same.

It was just a test so i dont know about its merits.
i don't think it will work. Have to buy/buy or sell/sell. It cannot be buy/sell
  • #149
  • May 7, 2009 7:14pm May 7, 2009 7:14pm
FLIPIN SWEET!!
Attached Image (click to enlarge)
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  • #150
  • May 7, 2009 8:11pm May 7, 2009 8:11pm
Quoting Blud4oilPrgm
FLIPIN SWEET!!
it's pretty amazing that buy/buy end up both having positive profit. i think this EA got a lot of room for improvement on the timing to do buy/buy and sell/sell
  • #151
  • Edited May 8, 2009 1:11am May 7, 2009 9:18pm | Edited May 8, 2009 1:11am
?
  • #152
  • May 8, 2009 12:34am May 8, 2009 12:34am
Quoting Intel8086
After a couple of hours
And after 2 days I found myself in a good profit)))
Attached Image
  • #153
  • May 8, 2009 3:06am May 8, 2009 3:06am
i think decorrelation mostly happen when there is big news like interest rate. It might good to take entry point after big news.
  • #154
  • May 8, 2009 4:49am May 8, 2009 4:49am
The holy grail.
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  • #155
  • May 8, 2009 5:02am May 8, 2009 5:02am
Quoting tokyomaster
The holy grail.
Too early to tell. If it continue to do things as we expect for 1 year, we can declare it holy grail

I'm sure there can be improvement. I feel that something is missing somewhere but I don't know what is it. Let's see what you got there and maybe I will have more ideas.
  • #156
  • May 8, 2009 5:04am May 8, 2009 5:04am
Quoting forexisfx
Too early to tell. If it continue to do things as we expect for 1 year, we can declare it holy grail
i meant the chart i just posted.
  • #157
  • May 8, 2009 5:05am May 8, 2009 5:05am
Quoting tokyomaster
The holy grail.
tokyomaster whether the new version of the program? I have to start with Broco not bought a big lot and exposed pending orders, and should be? Lot billed automatically?
  • #158
  • May 8, 2009 5:05am May 8, 2009 5:05am
Quoting tokyomaster
i meant the chart i just posted.
I see. Maybe holy grail for a few days
  • #159
  • May 8, 2009 6:42am May 8, 2009 6:42am
Quoting Intel8086
tokyomaster whether the new version of the program? I have to start with Broco not bought a big lot and exposed pending orders, and should be? Lot billed automatically?
Explain ??
  • #160
  • May 8, 2009 8:05am May 8, 2009 8:05am
Quoting tokyomaster
The holy grail.
way to go!
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