Chamunda's MultiCurrency Strategy | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

multicurrency datas with OnChartEvent() and EventChartCustom() 24 replies

MT4 multicurrency EA data problem 5 replies

MultiCurrency Candles 3 replies

Multicurrency ea for demo testing 1 reply

Backtesting multicurrency strategies? 18 replies

Attachments: Chamunda's MultiCurrency Strategy
Exit Attachments

Chamunda's MultiCurrency Strategy

  • #41
  • Oct 6, 2010 9:59pm Oct 6, 2010 9:59pm
Quoting Pluto2
I am also running this EA for 2 days now.
Trading with 0.1 lot, TP $25.
Closed profit $148, open loss -$9.60


I am very much impressed. Take profit target is the department where I am still working. Because I observed that drawdown level is depend on it.
Well Keep it up.
  • #42
  • Oct 6, 2010 10:01pm Oct 6, 2010 10:01pm
Simplecoders,

0.1 lot = $1.00 EUR/USD

  • #43
  • Edited 11:05pm Oct 6, 2010 10:03pm | Edited 11:05pm
Quoting txsundevil
Pluto2 & Others:

Also getting very good results on FXDD, however firmly believe this is not the Holy Grail, what would cause this EA to spin out of Control? must be a set of circumstances that could cause this?
In no way i want to make this a Holy Grail. Its the market volatality which cuases it to get out of control for some time.
  • #44
  • Oct 6, 2010 10:08pm Oct 6, 2010 10:08pm
Roundrock,

My results are with the EA as it is posted.
I didn't even check the coding as I have no programming knowledge.

BTW The DD is right now $62.

  • #45
  • Edited 11:06pm Oct 6, 2010 10:10pm | Edited 11:06pm
Quoting Pluto2
Txsundevil,

I hope that Vikasone will return to share his results and to answer your question. I am asking myself the same question. This is so simple and good. Is it too good to be true? What is the possible flaw?

Hedging and basket trading is very different from the method I am using for my trading. I am still very much learning in this department.

Vikasone, where are you? Thanks for sharing your EA with us.

Cheers
I am here on forexfactory only but out of town for some personal work.

If you see these three pairs it has 2 groups of hedge pairs.

Group 1 : Eur/usd and Usd/Chf which moves in opposite direction
Group 2 : Eur/Usd and GBP/Usd which moves in same direction most of the time.

There may be some flaws in this method and thats why I introduce this system to FF to make it more accurate and consistant.
  • #46
  • Oct 6, 2010 10:15pm Oct 6, 2010 10:15pm
Thanks Vikasone.
  • #47
  • Oct 6, 2010 11:01pm Oct 6, 2010 11:01pm
Quoting roundrock
there is a bug in the EA. as per post 1 for Buy Basket, we need to

buy EURUSD
sell GUPUSD
buy USDCHF
buy USDJPY

but the code says


extern string Sym1="EURUSD";
extern string Sym2="USDCHF";
extern string Sym3="USDJPY";
extern string Sym4="GBPUSD";
extern string Operation1="buy";
extern string Operation2="sell";
extern string Operation3="buy";
extern string Operation4="buy";

so the symbol and operation are not matching. if EURUSD is buy, then GBPUSD must be sell


guys who are testing this EA, did you make this change or...
You can edit buy/sell or even pairs settings and can match with your requirements.
  • #48
  • Oct 6, 2010 11:02pm Oct 6, 2010 11:02pm
Quoting Pluto2
Thanks Vikasone.
you are most welcome dear...
  • #49
  • Edited Oct 7, 2010 8:23am Oct 6, 2010 11:02pm | Edited Oct 7, 2010 8:23am
I aslo obesrved that USDCHF and USDJPY are not related all the times. Either we go in both buy or both sell direction OR one buy and one sell direction, it may turn out to for or against us. The highest drawdown which i encountered till now is $1500 for all the four pairs together at $10 a pip
  • #50
  • Oct 7, 2010 12:33am Oct 7, 2010 12:33am
The examples in Post 1 do not match the default EA properties.
Post 1 EURUSD Buy agrees with EA.
Post 1 GBPUSD Sell disagrees with EA GBPUSD Buy.
Post 1 USDCHF Buy disagrees with EA USDCHF Sell.
Post 1 USDJPY Buy agrees with EA.

Therefore, do we set the properties to match Post 1, or leave the default EA properties ??
  • #51
  • Oct 7, 2010 8:01am Oct 7, 2010 8:01am
Quoting michaelB
The examples in Post 1 do not match the default EA properties.
Post 1 EURUSD Buy agrees with EA.
Post 1 GBPUSD Sell disagrees with EA GBPUSD Buy.
Post 1 USDCHF Buy disagrees with EA USDCHF Sell.
Post 1 USDJPY Buy agrees with EA.

Therefore, do we set the properties to match Post 1, or leave the default EA properties ??
Please download EA attached to first post as I have modified it according to this strategy. http://cdn.forexfactory.com/images/misc/progress.gif
  • #52
  • Oct 7, 2010 10:46am Oct 7, 2010 10:46am
Roundrock,

Good catch!


Vikasone,

Thanks for the new version.
I have set up 4 platforms (TP 25, 20, 15, 10)
Let's see which one is the best.
  • #53
  • Oct 7, 2010 11:01am Oct 7, 2010 11:01am
Hello Vikasone,

How much equity do you suggest for 10 cents a pip for 4 pair hedge strategy?

Thank you
  • #54
  • Oct 7, 2010 12:16pm Oct 7, 2010 12:16pm
Hola Vikasone,

Thanks for sharing your system. I have tested in demo 1 lot per pair, at 15h37 (GMT +2), now +200.00, all close and reopened 4 trades, wow.....just 3 hours.
As you says, I think the key is to wait with looses, profits will come.....

Thanks again
  • #55
  • Oct 7, 2010 12:38pm Oct 7, 2010 12:38pm
Second basket open and +100 now, could it be so easy ?
  • #56
  • Oct 7, 2010 12:44pm Oct 7, 2010 12:44pm
I have downloaded the updated version in post 1 and now not getting any trades opening, expert advisor on etc?
  • #57
  • Oct 7, 2010 12:51pm Oct 7, 2010 12:51pm
TriMagic,

I had no problem with the new EA.
It is working great.

Try to close the Platform and re-open it.
  • #58
  • Oct 7, 2010 3:33pm Oct 7, 2010 3:33pm
Quoting TriMagic
I have downloaded the updated version in post 1 and now not getting any trades opening, expert advisor on etc?
Yes, no problems for me with ea from post 1.....the only work I have to do is set the max DD, but it looks really great.....
  • #59
  • Oct 7, 2010 5:25pm Oct 7, 2010 5:25pm
Caillou,

Where did you set the maximum DD?
I don't see that input in the EA.
  • #60
  • Oct 7, 2010 5:39pm Oct 7, 2010 5:39pm
Hi Vikasone,

I think that it would be nice if the EA had an input for a maximum global loss in case of something unforseen happens in the market. And if that happens, the EA should stop entering new trades.

We would probably be more comfortable with these inputs when trading the EA live.

So far the TP $20 is the most profitable in all my platforms.

Thanks again, it looks very good.

BTW I am trading this live just with 0.01 lot.
It's working just as well as the demo.
0 traders viewing now