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Chamunda's MultiCurrency Strategy

  • #101
  • Oct 8, 2010 10:18am Oct 8, 2010 10:18am
Quoting vienna
I can rewrite both ea in reverse, any ding-looking I do not how do I use the magic number work with all these external and any offer for the tp close the orders.
eas in the notes is the file with the -
I hope that winning all make it ...

THE EA NR: 1 is first ea vikasone
THE EA NR: 2 is reverse first vikasone
THE EA NR: 3 is second ea vikasone
THE EA NR: 4 is reverse second ea vikasone

EA NAME IS: JN IS MY NAME- DI IS DIVERSIFAKTION- V IS VIKASONE-HET IS HEDG- AND OKT IS THE STARTMONTH

best regards
vienna
Hey dear... As you are a nice coder, I will mail you some changes that I think to make in this EA. And we will test this for next week.
Well happy weekend for now.
  • #102
  • Oct 8, 2010 11:34am Oct 8, 2010 11:34am
Quoting vikasone23
Hey dear... As you are a nice coder, I will mail you some changes that I think to make in this EA. And we will test this for next week.
Well happy weekend for now.

hello vikasone,
this thread is very good,
here are very good people to know Forex
and I hope that all have the same goal:
money
They have a wonderful weekend and
best regards
vienna
this is my email: [email protected] for direktmail
  • #103
  • Oct 8, 2010 12:41pm Oct 8, 2010 12:41pm
vikasone23,

Thank for bring this to FF for testing. Will demo it next week for sure.

Bruce

Quoting vikasone23
Hey dear... As you are a nice coder, I will mail you some changes that I think to make in this EA. And we will test this for next week.
Well happy weekend for now.
  • #104
  • Oct 8, 2010 2:36pm Oct 8, 2010 2:36pm
subscribing
Our AWESOME IMAGINATION is the true holy grail!
  • #105
  • Oct 8, 2010 9:31pm Oct 8, 2010 9:31pm
Quoting vienna
hello vikasone,
this thread is very good,
here are very good people to know Forex
and I hope that all have the same goal:
money
They have a wonderful weekend and
best regards
vienna
this is my email: [email protected] for direktmail
Hey thanx for your email... I will mail you the changes & also I will post it here, so that we can discuss with others. Right now I am worried about two things.
1. Drawdown level
2. Time taken to recover from DD
Well we will try to overcome it.

Best Regards,
  • #106
  • Edited Oct 9, 2010 12:37am Oct 8, 2010 10:36pm | Edited Oct 9, 2010 12:37am
Well I am looking for following changes in the original EA attached to first post of this thread. I hope with this changes we can overcome two drawbacks which are little painful for me that are the drawdown level and the time required to recover from drawdown.
I am listing them one by one...

1. Remove commission:
I don’t think it is useful to anyone and causing confusion to few traders. It will reduce the length of this EA.

2. Loop Trading (TRUE / FALSE):
To state whether EA should continue to open second basket after closing first or not?

3. Time Delay (min.)
It is the waiting time between two consecutive basket trades. e.g. After closing first basket, EA will open next basket in X mins. That means when it is set to 0 it will trade like original EA. It should be in properties and we can change as per requirements and also it will be better if 'Time remaining for next trade' will be displayed on the chart.

4. Drawdown Limit ($)
To close all trades when DD target is hit.

5. Remove money management:
Remove money management as it will minimize the time require for execution. There are two most important priorities of this EA.
a) Open all orders quickly or within fraction of seconds. So I don’t want it to wait to calculate what available balance is, risk etc...
b) Close all orders simultaneously and within fraction of seconds. Here also I don’t want EA to wait to calculate profit percentage, pips etc.

I don’t know how much difficult it is to rewrite this EA with above changes.
When you see above changes carefully, if we set all EA properties to false/0, it will trade like original EA... That means in no way we are changing the original method and that is good for any system and thats why we don’t want to post new versions v1.0, v1.2, v1.2a etc...

Best regards..
  • #107
  • Oct 10, 2010 6:14pm Oct 10, 2010 6:14pm
Good morning,

I seem to be having more profitable trades using the original EA.

BUY - EU

SELL - UC

BUY - UJ

BUY - GU

Is anyone finding this as well.

And thankyou very much Vikasone23 for such a great system.
  • #108
  • Oct 10, 2010 8:51pm Oct 10, 2010 8:51pm
Quoting 5msport
Good morning,

I seem to be having more profitable trades using the original EA.

BUY - EU

SELL - UC

BUY - UJ

BUY - GU

Is anyone finding this as well.

And thankyou very much Vikasone23 for such a great system.
buying both GU, EU is not building the hedge, its dangerous when both go down. they are corelated pairs

i am running the EA from last 10 days, i havent booked a single profitable trade. every thing is a loss. i dont find where is the edge in this system
  • #109
  • Oct 10, 2010 9:12pm Oct 10, 2010 9:12pm
My drawdown on the 4 pair trade has gone down from 2200$ to 1100$ now.
Good reversal. A bit of patience and decent money management is what all needed.
  • #110
  • Oct 10, 2010 9:18pm Oct 10, 2010 9:18pm
Hello everyone, great post. I have been playing around with something similar, but manually. 2 thoughts:
1. If you sell G/U and buy the other 3 aren't you concentrating the hedge more towards the USD (you would have a huge drawdown if USD plummets)
why not buy all 4:
James Dicks in his book recommends a similar system, but he proposes to BUY all 4 pairs and slightly different ratios (to make up for pip values):
Buy 1.0 lot E/U
Buy 1.0 lot G/U
Buy 1.2 lot U/C
Buy 0.9 lot U/Y

I've been trying the above manually for 2-3 wks and so far it has given me around 40%. Granted, you have to have the stomach (and margin) to endure a 30-35% drawdown, but so far it has come around in profit.

2. I have also been using an equity manager EA I found on FF here, it lets me trail the profits, so instead of setting a fixed $20, you start trailing, so if profit continues to go up, you'll pocket more, and don't have to keep opening new baskets right away (and save on spreads.) you can trail your equity by percentage, or by dollar values. It's pretty sweet. It'd be nice to incorporate that into your EA, that way you might get more $ per basket...
Any thoughts on either one?

Also, it seems like you guys are starting to explore what MetaCoder and the Basket14 system folks have been working on for years, check out their post, very, very educational, they are working with 14 pairs instead of 4 for a more perfect hedge...

PipPete
  • #111
  • Oct 11, 2010 12:22am Oct 11, 2010 12:22am
Good morning everyone,

Now DD= -279$ from -460 on Friday, I think itīs better to test original system at least for a week before making any change, just my opinion....
  • #112
  • Oct 11, 2010 1:36am Oct 11, 2010 1:36am
Pippete,

Can you please post the equity manager EA you are using?

Thanks

I agree with Caillou; let's test the original method/EA
before trying to change it.

Cheers
  • #113
  • Oct 11, 2010 3:50am Oct 11, 2010 3:50am
Yes. I do not see any need for changing the basic system. It works fine. If it is automated it can done without our constant intervention.
  • #114
  • Oct 11, 2010 4:04am Oct 11, 2010 4:04am
I think the most important is to be patient, and let the market and system do their job.....
  • #115
  • Oct 11, 2010 4:47am Oct 11, 2010 4:47am
Quoting 5msport
Good morning,

I seem to be having more profitable trades using the original EA.

BUY - EU

SELL - UC

BUY - UJ

BUY - GU

Is anyone finding this as well.

And thankyou very much Vikasone23 for such a great system.
Hey thanx for your interest in this system. Well these are incorrect trades according to this system
Buy: Eur/Usd (0.1 lot)
Sell: Gbp/Usd (0.1 lot)
Buy: Usd/Chf (0.1 lot)
Buy: Usd/Jpy (0.1 lot)
  • #116
  • Oct 11, 2010 4:51am Oct 11, 2010 4:51am
Quoting roundrock
i am running the EA from last 10 days, i havent booked a single profitable trade. every thing is a loss. i dont find where is the edge in this system
Its very serious and little strange. With current system you may face some draw down but it definitely book some profit.
Well I request you to please check whether you are trading correctly or not?
As far as I know this works best on MT4 platform.
  • #117
  • Oct 11, 2010 4:54am Oct 11, 2010 4:54am
Quoting Caillou
Good morning everyone,

Now DD= -279$ from -460 on Friday, I think itīs better to test original system at least for a week before making any change, just my opinion....
Good recovery. Lets see when it will come out of DD.
  • #118
  • Oct 11, 2010 4:56am Oct 11, 2010 4:56am
Quoting Pluto2
Pippete,

Can you please post the equity manager EA you are using?

Thanks

I agree with Caillou; let's test the original method/EA
before trying to change it.

Cheers
We are testing original method and EA only and not planning for any change right now!
  • #119
  • Oct 11, 2010 4:59am Oct 11, 2010 4:59am
Quoting simplecoders
Yes. I do not see any need for changing the basic system. It works fine. If it is automated it can done without our constant intervention.
I think there is some confusion going on.
We are not going to change basic system but it will be evaluated when necessary.
  • #120
  • Oct 11, 2010 5:04am Oct 11, 2010 5:04am
As I already mention this in previous posts...

Right now I am worried about two things.

1. Drawdown level
2. Time taken to recover from DD

So to overcome these, I am exploring some other options (with no modification of existing system) so that we need not to face big draw-down and to wait hrs for recovery.

Best Regards,
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