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Macro & Market Developments, Discussion & Analysis 37 replies

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Bigbonefx - My EA Developments

  • #21
  • Edited 12:47am Jun 26, 2009 12:25am | Edited 12:47am
Quoting fosgate_r


For auto trade : just sit and watch, once the speed difference is 10, all trades will be excuted
Why not 20 or 30 or 40 ? Why 10 ?

Why the lot size is hard coded ? 10 years later it will still be the same ?

lotP1 = Lots * 1.2;
lotP2 = Lots * 0.9;
lotP3 = Lots * 1.4;
  • #22
  • Jun 26, 2009 12:44am Jun 26, 2009 12:44am
Quoting forexisfx
Why not 20 or 30 or 40 ? Why 10 ?

Why the lot size is hard coded ? 10 years later it will still be the same ?

lotP1 = Lots * 1.2;
lotP2 = Lots * 0.9;
lotP3 = Lots * 1.4;
Hi forexisfx,
Thanks for your comments and observation

I agree with you. Value of 10 is just based from my last research about EURUSD - USDCHF - EURCHF. At that time, 10 is very already very extreme. Once it is reached and we open the trades, it will be easy and fast for the trades to become profitable.

The lot combinations will not be the same in 10 years from now. It will need further research.
  • #23
  • Jun 26, 2009 12:46am Jun 26, 2009 12:46am
How do we work out the value of the X-Off?
Starting to see instead of just looking.
  • #24
  • Jun 26, 2009 12:46am Jun 26, 2009 12:46am
Quoting fosgate_r
Hi forexisfx,
Thanks for your comments and observation

I agree with you. Value of 10 is just based from my last research about EURUSD - USDCHF - EURCHF. At that time, 10 is very already very extreme. Once it is reached and we open the trades, it will be easy and fast for the trades to become profitable.

The lot combinations will not be the same in 10 years from now. It will need further research.
How do you come up with the lot size for this year and how long it will last ?

I suspect the profit will generally follow the movement of EURUSD. Meaning if EURUSD is up trend profit will be up and down trend profit will be negative.
  • #25
  • Jun 26, 2009 12:47am Jun 26, 2009 12:47am
Dear all,

I am posting the new EA called Magneto, a semi-automated Carry Trade EA and place the EA in the first post. To avoid confusion with 3PairsHedge EA, I move the older files into my blog. This will make easier for me to post any updates too.

Thanks for your support.
  • #26
  • Jun 26, 2009 12:50am Jun 26, 2009 12:50am
Quoting Rastaman
How do we work out the value of the X-Off?
X-Off parameter is just used to adjust the X offset parameters to display the information properly in your chart. You change the X-Off to smaller value, all information will be shifted to the left, while larger value will move to the right. It depends on your screen resolution.
  • #27
  • Jun 26, 2009 12:53am Jun 26, 2009 12:53am
Quoting forexisfx
How do you come up with the lot size for this year and how long it will last ?

I suspect the profit will generally follow the movement of EURUSD. Meaning if EURUSD is up trend profit will be up and down trend profit will be negative.
I forgot where did I learn about these lot calculation. Let me check if I still have the website. There is a formula to calculate these proportion. I'll post here once I got it. Or, if you have any detail/supportive information about this, please letme know too.
  • #28
  • Jun 26, 2009 12:57am Jun 26, 2009 12:57am
Quoting fosgate_r
I forgot where did I learn about these lot calculation. Let me check if I still have the website. There is a formula to calculate these proportion. I'll post here once I got it. Or, if you have any detail/supportive information about this, please letme know too.
i bet the calculation was done around Oct last year. It seems to set according to the price of the currency pair.

Oct EURUSD was around 1.2 EURCHF was around 1.4 USDCHF 1.1

We have lot size

EURUSD *0.12

EURCHF *0.14

USDCHF *0.09

Another thing I would like to mention is , if buy-buy-sell is losing money it means that sell-sell-buy is making money. So when we have a big draw down we must be thinking how can we know when to trade buy-buy-sell / sell-sell-buy
  • #29
  • Jun 26, 2009 1:00am Jun 26, 2009 1:00am
?
  • #30
  • Jun 26, 2009 1:07am Jun 26, 2009 1:07am
Quoting fosgate_r
Hi Open,

I don't know what's wrong exactly.


How about you try it as in my previous posts:

  1. Open Standard Account that can open 0.1 lot
  2. Make sure you have all the 3 pairs in your market watch: EURUSD-USDCHF-EURUSD
  3. Open one pair, eg. EURUSD then run the EA with default settings
  4. Set the chart window to light color background
  5. Check if your chart shows the same like my screen shot
  6. Then select the 3 pairs LABEL
  7. Then press "DELETE"
  8. Those 3 pairs will be opened

I hope this time will work


still no luck
  • #31
  • Jun 26, 2009 1:09am Jun 26, 2009 1:09am
Thanks for the reply.

I am getiing buy sell errors in the expert window.

I set the lots for 0.2, is this too low? Or, am I doing something else wrong.

I put two horizontal lines on the chart above and below pivots and named them HLINE and LLINE? Are these lines now going to function as buy and sell orders which we move daily? Sorry for so many questions but the answer to this is not very clear.
Attached Image (click to enlarge)
Click to Enlarge Name: 3PAIR HEDGE.jpg Size: 180 KB
Starting to see instead of just looking.
  • #32
  • Jun 26, 2009 1:11am Jun 26, 2009 1:11am
need to leave now. back again later
  • #33
  • Jun 26, 2009 1:14am Jun 26, 2009 1:14am
3 PAIR HEDGING

i look at the code and it seems that the SL is margin call ?

The only way the EA gonna close the trade is when it reaches the profit.
  • #34
  • Jun 26, 2009 2:53am Jun 26, 2009 2:53am
Quoting Rastaman
Thanks for the reply.

I am getiing buy sell errors in the expert window.

I set the lots for 0.2, is this too low? Or, am I doing something else wrong.

I put two horizontal lines on the chart above and below pivots and named them HLINE and LLINE? Are these lines now going to function as buy and sell orders which we move daily? Sorry for so many questions but the answer to this is not very clear.
Hi Rastaman,

Sorry the first post a bit confusing. I put 2 systems in there.

The first one, 3PairsHedge (file canbe downloaded at my blog)
The second one, Magneto

For the 3PairsHedge system:
Check my attachment. It works just fine with 0.2 Lot. The lot division will be EURUSD 0.24, USDCHF 0.18, EURCHF 0.28

For the Magneto EA:
You put 2 border lines, upper and lower, and name the HLINE and LLINE.


Then watch the EA works

  1. The EA will put 2 pending orders
  2. Open new order if the trade not in favour
  3. Close trades automatically once profit reached

You don't need to move the lines. Those two lines only represent which levels you want your carry trades be executed.

Attached Image (click to enlarge)
Click to Enlarge Name: trades.jpg Size: 71 KB
Attached Image
  • #35
  • Jun 26, 2009 3:01am Jun 26, 2009 3:01am
Quoting forexisfx
i bet the calculation was done around Oct last year. It seems to set according to the price of the currency pair.

Oct EURUSD was around 1.2 EURCHF was around 1.4 USDCHF 1.1

We have lot size

EURUSD *0.12

EURCHF *0.14

USDCHF *0.09

Another thing I would like to mention is , if buy-buy-sell is losing money it means that sell-sell-buy is making money. So when we have a big draw down we must be thinking how can we know when to trade buy-buy-sell / sell-sell-buy
You're right, I got the numbers last year actually. Let me check again later.
Actually all the points that you come up, are the problem that I am still thinking. To make this correlation hedge trading work safely and profitable, we still need to add some other considerations. That's why, any idea to improve the EA is appreciated
  • #36
  • Jun 26, 2009 3:08am Jun 26, 2009 3:08am
Quoting forexisfx
3 PAIR HEDGING

i look at the code and it seems that the SL is margin call ?

The only way the EA gonna close the trade is when it reaches the profit.
That's true.
The correlation strategy idea believe that the trades chain will not go further too far. If it goes negative profit, then it is believed that it will come back to positive. However this is only happen theoritically. Thats' why this system still need further thought and improvements.
  • #37
  • Jun 26, 2009 3:17am Jun 26, 2009 3:17am
what second one mate? theres only one statement there.

Quoting fosgate_r
Actually this strategy was already outside, it is called Correlation Hedging. The pairs of EURUSD - USDCHF -EURCHF are negative correlation. With appropriate lot sizing for each pair and open each of them at the same time, in theory, the trade will be balance (zero) no matter how much the prices moving. However, there are also some shifting and un-correlated situation one time. We wait until the result is positive (profitable) before we close all the trades. We do this by specifying the Take Profit level we would like to take.

Check the statement,...
PM Me If You Need Help!
  • #38
  • Jun 26, 2009 3:48am Jun 26, 2009 3:48am
Quoting BobHall
what second one mate? theres only one statement there.
There is only one sample trade in the statement to show how it work and make profit
  • #39
  • Jun 26, 2009 3:50am Jun 26, 2009 3:50am
Quoting fosgate_r
That's true.
The correlation strategy idea believe that the trades chain will not go further too far. If it goes negative profit, then it is believed that it will come back to positive. However this is only happen theoritically. Thats' why this system still need further thought and improvements.
I have use correlation strategy before and got badly burn because I don't have the guts to hold the trade out. There will be a time where big de-correlation will happen and that will test the limit of your risk.

The way i trade correlation strategy is doing sort of range trading. The assumption is that correlation and de-correlation has a certain limit and we sell and the top limit and buy at the btm limit. In this case , we do a buy-buy-sell at the btm limit and sell-sell-buy at the top limit

The problem with correlation strategy is that a bad day could possibly kill the account.
  • #40
  • Jun 26, 2009 4:08am Jun 26, 2009 4:08am
Quoting forexisfx
I have use correlation strategy before and got badly burn because I don't have the guts to hold the trade out. There will be a time where big de-correlation will happen and that will test the limit of your risk.

The way i trade correlation strategy is doing sort of range trading. The assumption is that correlation and de-correlation has a certain limit and we sell and the top limit and buy at the btm limit. In this case , we do a buy-buy-sell at the btm limit and sell-sell-buy at the top limit

The problem with correlation strategy is that a...
Me too, although it was just a demo account. At that time my minus is already huge. I thought its going to be bad, so I just closed the trades. My friend on the other hand, just left the trades on. Finally, just a day or two after my closing, my friend's trades became positive. Not much, but at least positive.
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