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Macro & Market Developments, Discussion & Analysis 37 replies

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Bigbonefx - My EA Developments

  • #41
  • Jun 26, 2009 4:33am Jun 26, 2009 4:33am
Quoting fosgate_r
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.
Do you still remember when was it ? Which month ?

The problem with holding on to the trade is you do not know when it gonna end. It might hit margin call before it turn around.
  • #42
  • Jun 26, 2009 4:49am Jun 26, 2009 4:49am
Quoting forexisfx

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.
Looks like the profit follow EURUSD trend.
  • #43
  • Jun 26, 2009 7:58am Jun 26, 2009 7:58am
Here are a couple things that mat relate
Attached File(s)
File Type: ex4 HedgeCalculator.ex4   10 KB | 544 downloads
File Type: mq4 SMA_MultiHdege2.mq4   27 KB | 616 downloads
  • #44
  • Jun 26, 2009 8:40am Jun 26, 2009 8:40am
Quoting toddanderson
Here are a couple things that mat relate
Thanks for the files Todd. I'll have a look later.
  • #45
  • Jun 26, 2009 9:02am Jun 26, 2009 9:02am
is the TP setting per pair or total for all pairs?
I have exceeded the TP (25 pips) as a total and the orders did NOT close, so perhaps the TP is per pair (total of 75 for 3 pairs)?
Odysseus
forexfusiondotcom
  • #46
  • Jun 26, 2009 9:23am Jun 26, 2009 9:23am
Quoting odysseus11
is the TP setting per pair or total for all pairs?
I have exceeded the TP (25 pips) as a total and the orders did NOT close, so perhaps the TP is per pair (total of 75 for 3 pairs)?
Odysseus
Hum ... I am also confuse
It has to be the total 25 pips for Take Profit. Not 25 pips for each, cause that's impossible. One of the trade must be minus. Anyway, my current trading show a nice result. This is the second positive result since yesterday. Check the image.

Current profit is $ 74.89. Max profit is $77.13. Max Drawdown is -$23.35.
Not bad
Attached Image
  • #47
  • Jun 26, 2009 9:59am Jun 26, 2009 9:59am
well I manually closed it with something around 45 or 50 total net pips profit (even though TP was set at 25), so the TP did NOT fire, but I had a couple other EAs running at the time, and sometimes that can interfere and cause actions to not fire correctly, so I dont know.
forexfusiondotcom
  • #48
  • Jun 26, 2009 10:21am Jun 26, 2009 10:21am
Quoting odysseus11
well I manually closed it with something around 45 or 50 total net pips profit (even though TP was set at 25), so the TP did NOT fire, but I had a couple other EAs running at the time, and sometimes that can interfere and cause actions to not fire correctly, so I dont know.
Yeah, it could be.
  • #49
  • Jun 26, 2009 11:22am Jun 26, 2009 11:22am
different mt4 platform, same issue.
trades open fine as expected, all default settings (except autotrade = on),
profit right now total 30 pips or so...and the orders do NOT autoclose (even tho TP at default of 25).

Could the EA possibly be looking just at the pair whose chart it is on for the TP value ? Mine is on EUR/USD and profit on that pair is about 18 or so...

just trying to help give feedback!

very cool EA so far, thanks!
Odysseus
forexfusiondotcom
  • #50
  • Jun 26, 2009 11:26am Jun 26, 2009 11:26am
Quoting odysseus11
different mt4 platform, same issue.
trades open fine as expected, all default settings (except autotrade = on),
profit right now total 30 pips or so...and the orders do NOT autoclose (even tho TP at default of 25).

Could the EA possibly be looking just at the pair whose chart it is on for the TP value ? Mine is on EUR/USD and profit on that pair is about 18 or so...

just trying to help give feedback!

very cool EA so far, thanks!
Odysseus
Hi Odysseus,
Thanks for your review. I also abit confuse right now I think this is because in my EA I tried to compare profit in US$ to pips value where the total profit is actually based on the total result of the 3 trades. Anyway, I'll have a look, is it because I did something wrong in calculation or something else.
  • #51
  • Jun 26, 2009 11:30am Jun 26, 2009 11:30am
This is my new trades. I opened them once after I closed the last one (last image capture). Profitable again
Attached Image
  • #52
  • Jun 26, 2009 11:36am Jun 26, 2009 11:36am
Does anyone interested in testing and discussing the MAGNETO EA?
I am going to start the discussion next week. It is a profitable system as long as prepared carefully.
  • #53
  • Jun 26, 2009 12:01pm Jun 26, 2009 12:01pm
Wow ... my last chart/trade now change to like this. +$43
Attached Image
  • #54
  • Jun 26, 2009 1:55pm Jun 26, 2009 1:55pm
I am going to look at it next week , it looks like the hedge lot attached


Quoting fosgate_r
Does anyone interested in testing and discussing the MAGNETO EA?
I am going to start the discussion next week. It is a profitable system as long as prepared carefully.
Attached File(s)
File Type: pdf Hedging Lot Strategy.pdf   29 KB | 645 downloads
  • #55
  • Edited 8:18pm Jun 26, 2009 8:07pm | Edited 8:18pm
Quoting fosgate_r
Hum ... I am also confuse
It has to be the total 25 pips for Take Profit. Not 25 pips for each, cause that's impossible. One of the trade must be minus. Anyway, my current trading show a nice result. This is the second positive result since yesterday. Check the image.

Current profit is $ 74.89. Max profit is $77.13. Max Drawdown is -$23.35.
Not bad
Quoting fosgate_r
This is my new trades. I opened them once after I closed the last one (last image capture). Profitable again
Quoting fosgate_r
Wow ... my last chart/trade now change to like this. +$43


The profit generally follow the trend of EURUSD. If you trade the other way round , sell-sell-buy you will have the opposite result. The market now is in favor of buy-buy-sell. When the market change , you gonna loss money most of the time.

The EA is short of having a good entry. If it can decide when to buy-buy-sell and sell-sell-buy , it would be better.

The EA would get margin call when market is not in favor of buy-buy-sell big time. Meaning if EURUSD trend all the way down , you will get margin call.
  • #56
  • Jun 26, 2009 8:11pm Jun 26, 2009 8:11pm
Quoting toddanderson
I am going to look at it next week , it looks like the hedge lot attached
Hi Todd,
That's the article that I used as my reference for developing Magneto actually The EA just automate the trade excutions without our effort to watch and create another pending orders. To make sure accuracy, rather then using direct order opening, the EA uses pending order (BUY/SELL stop).

We just need to plan on what levels this trading should be applied so that too much bouncing can be minimized.
  • #57
  • Jun 26, 2009 8:16pm Jun 26, 2009 8:16pm
Quoting forexisfx
The profit generally follow the trend of EURUSD. If you trade the other way round , sell-sell-buy you will have the opposite result. The market now is in favor of buy-buy-sell. When the market change , you gonna loss money most of the time.

The EA is short of having a good entry. If it can decide when to buy-buy-sell and sell-sell-buy , it would be better.
Hum ... that's a very good idea! Thanks.
I'll do some modifications to check and decide wheter it should be buy-buy-sell or sell-sell-buy.

HAVE A NICE WEEKEND
  • #58
  • Edited 8:33pm Jun 26, 2009 8:23pm | Edited 8:33pm
Quoting fosgate_r
Hum ... that's a very good idea! Thanks.
I'll do some modifications to check and decide wheter it should be buy-buy-sell or sell-sell-buy.
If the EA decide to do buy-buy-sell / sell-sell-buy , we come back to square one of trading forex. Using something to decide when to buy or sell just like any other system. But the thing is , hedge trading got bad entry, no SL and potentially disastrous MM. The most common hedge strategy is buy and hold until it reaches profit or face margin call. Most of the time we will see profit. It's like trading EURUSD with TP 10 and SL 1000 where the SL 1000 is margin call. When the market is ranging [like for the past few months] , there is no way we can get margin call and we will see profit everyday with no loss. After a few months of collecting TP 10 , one fine day Ben decide to say something nasty and the market trend the other way of the entry point and we pay back all the pips gain for the past few months in just under a month.

Ok , so we need

1. Entry point [decide when to buy-buy-sell / sell-sell-buy]

2. Exit point [TP and SL (to prevent margin call) ]

3. MM [make sure we gain money in a long run]

Sounds familiar ?
  • #59
  • Jun 27, 2009 6:08am Jun 27, 2009 6:08am
Yup, the points that you suggest are correct. Entry, Exit and MM. From an approach in entry point, the EA check the spread difference between each pair, thats what I call "speed". It happen many times that once the speed is big enough, it will be easier/faster for the trades to become profitable.
For exit, this is the most difficult one in any system
  • #60
  • Jun 27, 2009 7:33am Jun 27, 2009 7:33am
Quoting forexisfx
If the EA decide to do buy-buy-sell / sell-sell-buy , we come back to square one of trading forex. Using something to decide when to buy or sell just like any other system. But the thing is , hedge trading got bad entry, no SL and potentially disastrous MM. The most common hedge strategy is buy and hold until it reaches profit or face margin call. Most of the time we will see profit. It's like trading EURUSD with TP 10 and SL 1000 where the SL 1000 is margin call. When the market is ranging [like for the past few months] , there is no way we can...
Entry point is simple.

BUY / BUY / SELL

1. 25 EMA > 50 EMA on EURUSD
2. 25 EMA > 50 EMA on EURCHF
3. 25 EMA < 50 EMA on USDCHF

SELL / SELL / BUY

1. 25 EMA < 50 EMA on EURUSD
2. 25 EMA < 50 EMA on EURCHF
3. 25 EMA > 50 EMA on USDCHF
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