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Bigbonefx - My EA Developments

  • #61
  • Jun 27, 2009 8:39am Jun 27, 2009 8:39am
what time frame ?


Quoting tradepro
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
  • #62
  • Jun 27, 2009 8:55am Jun 27, 2009 8:55am
Quoting toddanderson
what time frame ?
The higher the better.

Personally i use 4H.

Also, i BUY / BUY / BUY or SELL / SELL / SELL. This helps keep drawdown very low.

....Finally, i wouldnt enter trades if their are pending news statements affecting USD.
  • #63
  • Jun 27, 2009 9:22am Jun 27, 2009 9:22am
How are you calulating lot size ? do you have any tips on that


Quoting tradepro
The higher the better.

Personally i use 4H.

Also, i BUY / BUY / BUY or SELL / SELL / SELL. This helps keep drawdown very low.

....Finally, i wouldnt enter trades if their are pending news statements affecting USD.
  • #64
  • Jun 27, 2009 11:53am Jun 27, 2009 11:53am
Quoting toddanderson
How are you calulating lot size ? do you have any tips on that
Yes.

example.

EURUSD lotsize = 1.0
USDCHF lotsize = EURUSD / USDCHF
  • #65
  • Jun 27, 2009 12:08pm Jun 27, 2009 12:08pm
Hi
It seems to be a good concept.
It requires more follow up and intesified testing
----------------------------
The EA " Magneto" did not work with me
I mean although i specified the HLINE and LLINE on both places : Chart and description-name box
it did not open any limit orders
----------------------------------
Is there something missing which is not in my info.
Rgds to u all
  • #66
  • Jun 27, 2009 1:35pm Jun 27, 2009 1:35pm
TradePro,
Thanks for the idea of entry point. I will add this option in 3PairsHedge once I got time. Hopefully I can post it on monday or tuesday
  • #67
  • Jun 27, 2009 1:53pm Jun 27, 2009 1:53pm
Quoting chehab
Hi
It seems to be a good concept.
It requires more follow up and intesified testing
----------------------------
The EA " Magneto" did not work with me
I mean although i specified the HLINE and LLINE on both places : Chart and description-name box
it did not open any limit orders
----------------------------------
Is there something missing which is not in my info.
Rgds to u all
Hi Chehab,
I will be glad to help you with the EA setup.
On monday once the trade open, run the EA in EURUSD chart. Then place 2 lines. Make sure the line are quite far from the current price (otherwise it will fail). Then rename the line to HLINE and LLINE.

Anyway, let's wait until monday, the start of trading day.
  • #68
  • Jun 27, 2009 2:47pm Jun 27, 2009 2:47pm
I am modifying 3PairsHedge with TradePro idea: (will be posted on monday to try )

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

EURUSD lotsize = 1.0
USDCHF lotsize = EURUSD / USDCHF

This is what I don't understand. Lot size. Could you explain it further? How much is it for EURCHF?

Thanks
  • #69
  • Jun 27, 2009 7:46pm Jun 27, 2009 7:46pm
Hi all,
Here I post the template for Magneto Monday Trial. I have placed HLINE and LLINE to the nearest support-resistance 1H Chart of EURUSD. The blue box that I drew is just for a marker of my initial trading range since once the EA started, the two HLINE and LLINE will be deleted by the EA. That screen shot is the first thing I always do before running Magneto.

For strategy, we need to consider the right time to enter. The best time is when price already go ranging for quite a long time and waiting to explode anytime. By doing that, our possibility to exit with profit will be higher/quicker with smaller risk.
Attached Image
Attached File(s)
File Type: tpl magneto_29june09.tpl   2 KB | 455 downloads
  • #70
  • Jun 28, 2009 7:20pm Jun 28, 2009 7:20pm
The magneto has started this today.
The picture, how it should be once the EA run. 2 pendings order will be opened. Then the EA will manage and automate the next pending orders opening until the process done
Attached Image
  • #71
  • Jun 29, 2009 5:30am Jun 29, 2009 5:30am
Quoting fosgate_r
Then the EA will manage and automate the next pending orders opening until the process done
hi thanks for the EA!

maybe i dont understand but at what levels does the EA know to open a new order once our initial pending order has been executed? that is if price goes in opposite direction...
change the future, not the past
  • #72
  • Jun 29, 2009 5:42am Jun 29, 2009 5:42am
Quoting 137
hi thanks for the EA!

maybe i dont understand but at what levels does the EA know to open a new order once our initial pending order has been executed? that is if price goes in opposite direction...
hmm maybe it just uses the same entries over and over?
change the future, not the past
  • #73
  • Jun 29, 2009 6:41am Jun 29, 2009 6:41am
Hi 137,
The EA will use the entry level that we have set before. We set the levels that we believe the price won't bounce in there hitting each levels for a long time. Once the price break the level and hit the TP, our trade will complete. Right now, a sell order and a buy stop order are in my terminal.
  • #74
  • Jun 29, 2009 6:45am Jun 29, 2009 6:45am
sorry but i have another question: for Magneto what is the closest that the HLINE and LLINE can be from each other so that the EA will still create the pending orders? i ask because you said if they are too close the EA won't create the orders...

thanks!
change the future, not the past
  • #75
  • Jun 29, 2009 7:04am Jun 29, 2009 7:04am
The line could not be the same as bid or ask price. Stop order won't open. So, if you really need to set a level close to the line, make sure it is at 2 pips below/higher bid/ask price
  • #76
  • Jun 29, 2009 7:25am Jun 29, 2009 7:25am
I am testing the modified 3PairsHedge based on TradePro posting. Here is the screen shot, I'll post the EA tomorrow or the day after.
I think it looks better
Attached Image
  • #77
  • Jun 29, 2009 7:53am Jun 29, 2009 7:53am
Quoting fosgate_r
I am testing the modified 3PairsHedge based on TradePro posting. Here is the screen shot, I'll post the EA tomorrow or the day after.
I think it looks better
IMO , the EA is as good as trading EURUSD. If EURUSD goes all the way down , you wouldn't see any profit. Why don't you trade EURUSD alone ? Hedge don't really work no matter what entry you implement , it still follow the trend on EURUSD. You max DD is $138 and i can see that a few hours ago EURUSD goes below your entry point. If u are able to hedge in such a way that it doesn't follow the trend on EURUSD . USDCHF and EURCHF i would consider the EA successful. Or else , is as good as trading a single currency pair.
  • #78
  • Jun 29, 2009 3:07pm Jun 29, 2009 3:07pm
Quoting fosgate_r
The line could not be the same as bid or ask price. Stop order won't open. So, if you really need to set a level close to the line, make sure it is at 2 pips below/higher bid/ask price
great!
change the future, not the past
  • #79
  • Jun 29, 2009 4:44pm Jun 29, 2009 4:44pm
hi fosgate_r, would it be possible to have a version of the Magneto EA that doesn't have a TP? Or maybe show me how to modify the code that I already have? I would like to manually close orders at the end of the US session and would like to let trades run until then.

thanks very much
change the future, not the past
  • #80
  • Jun 29, 2009 9:12pm Jun 29, 2009 9:12pm
Hi 137,
Here I have removed the Magneto's TP for you. It should work
By the way, my Magneto test in Alpari gone weird. It just delete my buystop. When I checked the comment, well ... alpari doesn't allow hedge !!!
Attached Image
Attached File(s)
File Type: mq4 Magneto.mq4   17 KB | 621 downloads
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