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Attachments: Zeusjoes Market-Neutral Hedge Strategy
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Zeusjoes Market-Neutral Hedge Strategy

  • #721
  • Jun 6, 2009 2:51pm Jun 6, 2009 2:51pm
Quoting SwingMan
Try this indicator from the Metaquotes Online-Bibliothek:
.
Swingman, thank you for trying. I already had that indicator and it does not anywhere give you the data (closing price) of the overlaying chart. It does paint a grid on the chart so you can guess what the closing price is, but it is just a guess.

I'm looking for an indicator that when you put your mouse over the candle it says something like this:

EUR/JPY: 136.02
GBP/JPY: 159.67

Any other suggestions?
  • #722
  • Jun 6, 2009 3:37pm Jun 6, 2009 3:37pm
Quoting Dreamliner
I'm looking for an indicator that when you put your mouse over the candle it says something like this:

EUR/JPY: 136.02
GBP/JPY: 159.67
I have posted many indicators for correlated pairs, and more complicated as two closes...

Here is one from the Spielers thread:
.
Attached File(s)
File Type: mq4 SpielersHedge oClosePrices.mq4   2 KB | 2,208 downloads
  • #723
  • Jun 6, 2009 3:48pm Jun 6, 2009 3:48pm
Quoting SwingMan
I have posted many indicators for correlated pairs, and more complicated as two closes...

Here is one from the Spielers thread:
.
Perfect, exactly what I was looking for. I've said it before, and I'm sure I'll say it again, thank you Swingman.
  • #724
  • Jun 14, 2009 4:23am Jun 14, 2009 4:23am
Hello Dreamliner
as far as i remeber this one did something similar, you may need to modify the code.
Quoting Dreamliner
Also, I am looking for an EA that can close all trades based upon total number of pips acquired. Does anyone know where I might find that?

I seem to remember a Swiss Army Knife EA or something that could do that. Maybe I'll search for that, unless anyone has any other suggestions.

Thank you.
Attached File(s)
File Type: mq4 T101_v1.14_orestm.mq4   48 KB | 1,165 downloads
  • #725
  • Jun 20, 2009 12:32pm Jun 20, 2009 12:32pm
Quoting Dreamliner
I can't seem to find one, I've been looking. If anyone else finds one please let me know.

What I do is at the start of the day (5:00 PM EST on FXDD) I open a long order on both EUR/JPY. When they get out of correlation by 50 pips I open the live orders. I then close when 100 pips in profit. Works daily.

I just need an EA to close so that I don't have to monitor every hour.
Hi Dreamliner, did you find your EA to close all trades when a specific amount has been reached? Also, do you just set a SL on each trade so you know the maximum loss you will take.

Thanks.
  • #726
  • Jun 29, 2009 4:11am Jun 29, 2009 4:11am
I don't want to highjack this thread, but since here is not too much activity these days, you can check dreamliner thread:

http://www.forexfactory.com/showthread.php?t=160912

I'm posting there my charts and also articles and info on this method of trading.
  • #727
  • Jul 13, 2009 8:35pm Jul 13, 2009 8:35pm
I have download quite a few indicators from Swingman post but after I load on the mt4 and restart, it only show me a blank page, can anyone tell me what is the trick, I have attached a pic..

thanks a million
Attached Image (click to enlarge)
Click to Enlarge Name: blank hedge.gif Size: 23 KB
  • #728
  • May 5, 2010 1:29pm May 5, 2010 1:29pm
Quoting mrkam
OK.... I have to run, but wanted to post this for discussion....
Does anyone know if mrkam is still around. I would really like to get a copy of the indicator he created - it fits my trading style exactly...
  • #729
  • May 8, 2010 3:17am May 8, 2010 3:17am
Any Body trading this system and made consistent profits? If yes can they post their live trading results?

Regards,

winsome
  • #730
  • Jul 30, 2011 6:15pm Jul 30, 2011 6:15pm
no post since 2010?? what happend to this thread?
hows it going with the EA? any progress?
Bulls are stupid Animals!especially when Im short!
  • #731
  • Nov 7, 2011 12:03am Nov 7, 2011 12:03am
I have created an EA using Swingman's indicator~~

NeutralHedge osc_v3.4.ex4‎
NeutralHedge Overlay_v4.ex4‎


The basic ideas of the EA was that when the HedgeRange between the two pairs reached 400(Adjustable)
It will instantly enter two orders (direction will be depended by the Indicator).

Lot size for these two orders sometimes will be the same sometimes not, it all depends on the contract size or market value for each currency pair.
Eg.
AUDUSD = 10.00 x 1.03423 = 10.3423
NZDUSD = 10.00 x 0.79808 = 7.9808 (difference 29.58%)

AUDUSD = 10.00 x 1.03423 = 10.3423
NZDUSD = 12.96 x 0.79808 = 10.3431 (difference 0.007%)

I'm trying to make my trades go in the same ratio once they merge. So I will gain profit everytime they merge regardless of which way they move.

Increase Positions
Average loss per 0.1 lots before increase position
It means that another set of orders will enter when the average loss per 0.1 lots has reached (which is -15 adjustable)
I also used martingale when increase those positions.
Eg.
1st set
AUDUSD @ 0.1 lots
NZDUSD @ 0.13 lots
2nd set
AUDUSD @ 0.2 lots
NZDUSD @ 0.26 lots
3rd set
AUDUSD @ 0.4 lots
NZDUSD @ 0.52 lots

you get the idea...
I didnt really set a limit to how many orders it will increase though. (well.. its 100sets)
the reason why I use martingale here is because I dont really want to exit when the range
goes back to zero, I tried this, Its just too unstable. Therefore by using martingale, if the pair
merges alittle bit, I will start making money!

Exit strategy
The only exit strategy I use was that if the average winning $ per 0.1 lot was reached, all orders will be closed.
(which was $10 also adjustable)

I have fixed the currency to AUD/USD and NZD/USD, feel free to test it for other currencies if you know how
to modify the codes.

The timeframe is M5.

By The way, Yes, these two indicators repaints, but It doesnt matter, because we dont need the datas from the past, this EA works on the latest bar only.

I think thats it for now, please feel free to comments on anything and play around with the codes.


Thank you all for your time.

Johnny


PS.
The settings for indicators is
SubSymbol NZDAUD
Pair_Mirroing -1
Period_Range 205
others are default.

Ps2. Special thanks to Swingman.

PLEASE NOTE THAT YOU NEED NeutralHedge osc_v3.4.ex4 in your indicator's folder in order for EA to work!!!
Attached File(s)
File Type: ex4 NeutralHedge osc_v3.4.ex4   23 KB | 1,600 downloads
File Type: ex4 NeutralHedge Overlay_v4.ex4   11 KB | 1,626 downloads
File Type: mq4 forex-hedge - audusd M5.mq4   9 KB | 1,553 downloads
  • #732
  • Mar 21, 2012 4:11am Mar 21, 2012 4:11am
Quoting quakr
I have created an EA using Swingman's indicator~~

NeutralHedge osc_v3.4.ex4‎
NeutralHedge Overlay_v4.ex4‎


The basic ideas of the EA was that when the HedgeRange between the two pairs reached 400(Adjustable)
It will instantly enter two orders (direction will be depended by the Indicator).

Lot size for these two orders sometimes will be the same sometimes not, it all depends on the contract size or market value for each currency pair.
Eg.
AUDUSD = 10.00 x 1.03423 = 10.3423
NZDUSD = 10.00 x 0.79808 = 7.9808 (difference...
Can anybody post statements for this EA ?
Any experience with other currency pairs ?
Any experience with live trading ?
  • #733
  • Apr 17, 2012 12:27am Apr 17, 2012 12:27am
Anyone know where i can find swingman's logpricedifference indicator???
  • #734
  • May 19, 2012 4:25am May 19, 2012 4:25am
do people still using this system?
  • #735
  • May 20, 2012 12:26pm May 20, 2012 12:26pm
Quoting quakr
I have created an EA using Swingman's indicator~~

NeutralHedge osc_v3.4.ex4‎
NeutralHedge Overlay_v4.ex4‎


The basic ideas of the EA was that when the HedgeRange between the two pairs reached 400(Adjustable)
It will instantly enter two orders (direction will be depended by the Indicator).

Lot size for these two orders sometimes will be the same sometimes not, it all depends on the contract size or market value for each currency pair.
Eg.
AUDUSD = 10.00 x 1.03423 = 10.3423
NZDUSD = 10.00 x 0.79808 = 7.9808 (difference 29.58%)

AUDUSD...
I have been trading correlated pairs with this neutral hedge indicator and overlay for about a year now. I have had pretty good results - when I stick to my rules.

My problem was that I would often miss trades because I cannot be at my pc all the time, so I would end up taking trades late or early because I had to leave for work.

I tinkered around a bit but could not figure out how to make an EA to trade like I do - so I am SO GLAD that you have created one.

I was entering trades manually when the pairs diverted enough to reach the hedge range lines.
Once in a position, I was using and EA to exit the trades once they hit my profit target for the "basket" (combined profit of both pairs). This has bee working pretty well.

I trade off the 15 minute chart and I set my profit target at $30-$45 for each 0.1 lot position depending on the pairs.

I was monitoring/trading 12 correlated pairs, but I have narrowed it down to 8 for now.

I really look forward to testing your EA !!!!
Can you run backtests with the ea?

THANKS.
  • #736
  • May 23, 2012 12:35am May 23, 2012 12:35am
big thnx to quakr for creating the EA :-)

hi DojiMojo : if it's ok with you, cud u plz post the 8 corelated pairs that you now use ? we can then start testing each of those pairs and see how it goes ...

cheers
  • #737
  • May 25, 2012 7:13pm May 25, 2012 7:13pm
Quoting sleekfx
big thnx to quakr for creating the EA :-)

hi DojiMojo : if it's ok with you, cud u plz post the 8 corelated pairs that you now use ? we can then start testing each of those pairs and see how it goes ...

cheers
Sorry for the delay - it's been a hectic week.
I have traded different pairs over time, depending on the market.
If I am lucky enough to notice that a pair is not acting "normal" I will avoid trading that pair or possibly just trade with smaller lots.

The top 8 pairs currently are: AUDUSD-AUDCAD, NZDUSD-AUDCAD, EURUSD-AUDUSD, USDCHF-USDCAD, EURUSD-NZDUSD, EURUSD-GBPUSD, EURAUD-EURNZD, EURUSD-USDCHF.

I have traded several others, but for now these were the best performers.

Cheers.....
  • #738
  • Jun 14, 2012 3:12am Jun 14, 2012 3:12am
Quoting DojiMojo
Sorry for the delay - it's been a hectic week.
I have traded different pairs over time, depending on the market.
If I am lucky enough to notice that a pair is not acting "normal" I will avoid trading that pair or possibly just trade with smaller lots.

The top 8 pairs currently are: AUDUSD-AUDCAD, NZDUSD-AUDCAD, EURUSD-AUDUSD, USDCHF-USDCAD, EURUSD-NZDUSD, EURUSD-GBPUSD, EURAUD-EURNZD, EURUSD-USDCHF.

I have traded several others, but for now these were the best performers.

Cheers.....
How about audusd gbpusd pair ? i try it and it give good result too... thanks for your information
  • #739
  • Jun 28, 2012 3:58am Jun 28, 2012 3:58am
Quoting dragosd1
Actually, I'm using with success chart overlay in FXCM, it's default, like in Dealbook 360. This one I'm using it's pretty accurate, I don't know about Dealbook, you have to try....If the hedge positions are reaching profit, then I think it must be ok!
Ex. yesterday I have maked over 1,000 USD in a 5,000 USD acct, only with EU/GU....
Can you please let me know how can I overlay chat on FXCM ?
  • #740
  • Jun 29, 2012 1:36pm Jun 29, 2012 1:36pm
Quoting pips maker
Can you please let me know how can I overlay chat on FXCM ?
Hi Pips Maker,

To overlay charts on the FXCM Trading Station MarketScope Charts, right click on a chart, and from the menu that pops up, select Chart Elements > Price Overlay.

http://img15.imageshack.us/img15/787/priceoverlay.png

To learn more about the MarketScope Charts, click here.

Jason
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