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Chamunda's MultiCurrency Strategy

  • #121
  • Oct 11, 2010 5:23am Oct 11, 2010 5:23am
Quoting roundrock
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
hi all together...

round rock you definitely do something wrong. I use it for 2 days now and have up to now just over 5% return. not bad for 2 days, right?
I think we should continue to test him and be patient. I'm curious what dd is possible.
my biggest "drawdown" is up about 5% now, but he just turns back into a positive one

By the way, thank you for your efforts vikasone23.
I appreciate it very much.

Greetings to all
... Alex
  • #122
  • Oct 11, 2010 7:01am Oct 11, 2010 7:01am
Quoting simplecoders
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.
I've got this EA in play:

Buy: EUR/USD
Buy: USD/CHF
Sell: GBP/USD
Buy: USD/JPY

The drawdown has been as much as $220.00 and right now it is $165.00. I'm using 1.0 lot sizes on a mini account so each pip is worth 10000 units on my FX mini account.
  • #123
  • Oct 11, 2010 7:32am Oct 11, 2010 7:32am
I really don't know how to attach this ea to chart can anyone help?

Thank you.
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #124
  • Oct 11, 2010 7:36am Oct 11, 2010 7:36am
Quoting sivaji
I really don't know how to attach this ea to chart can anyone help?

Thank you.
Simply drag it onto your chart and it will attach.
  • #125
  • Oct 11, 2010 7:45am Oct 11, 2010 7:45am
Quoting Dreamliner
I've got this EA in play:

Buy: EUR/USD
Buy: USD/CHF
Sell: GBP/USD
Buy: USD/JPY

The drawdown has been as much as $220.00 and right now it is $165.00. I'm using 1.0 lot sizes on a mini account so each pip is worth 10000 units on my FX mini account.
Yours is $1 a pip and mine is $10 a pip. Drawdown for both of us is the same.
  • #126
  • Oct 11, 2010 7:57am Oct 11, 2010 7:57am
Open two accounts where trades in opposite sets are placed. As of now 2200$ seem to be the max drawdown. Wait till one of the accounts reaches a drawdown 2000$ and close the other account with profit(the profit will be less than the loss due to spread difference).
Wait for the other account to go below 2000$. say till 1600$ or so ( left to the traders discretion) and then close the account (the losing account). We will make a net gain in the trade. Waiting till it goes into profit will take more time.
Generally Oanda is suitable to this type of trade where we can open a sub-account and the profit/loss is visible at a glance in each account without calculation.
  • #127
  • Oct 11, 2010 8:07am Oct 11, 2010 8:07am
Hi Vikas
Need to know what exactly the trading strategy / logic is with this EA
Waht am I doing when using this EA
I don;t understand what each variable means and in EA property you have many .. is there a layman's explanation that you can provide?

Can you publish a guide please


http://cdn.forexfactory.com/images/buttons/quote.gif

  • #128
  • Oct 11, 2010 8:58am Oct 11, 2010 8:58am
Quoting simplecoders
Open two accounts where trades in opposite sets are placed. As of now 2200$ seem to be the max drawdown. Wait till one of the accounts reaches a drawdown 2000$ and close the other account with profit(the profit will be less than the loss due to spread difference).
Wait for the other account to go below 2000$. say till 1600$ or so ( left to the traders discretion) and then close the account (the losing account). We will make a net gain in the trade. Waiting till it goes into profit will take more time.
Generally Oanda is suitable to this type of...
Hi Simplecoders,
For me too max DD till now is 4.6% (Account 10.000$, 0.2 lots, Profit: 40$, max DD: 460$) but I think itīs a bit early to know if 5% is max DD really.
Because if max DD is only 5%, it would be nearly a holy grail !!!!!
I think we must wait this week.......
  • #129
  • Oct 11, 2010 9:11am Oct 11, 2010 9:11am
Quoting Caillou
Hi Simplecoders,
For me too max DD till now is 4.6% (Account 10.000$, 0.2 lots, Profit: 40$, max DD: 460$) but I think itīs a bit early to know if 5% is max DD really.
Because if max DD is only 5%, it would be nearly a holy grail !!!!!
I think we must wait this week.......
.

You are right. It is a bit early to decide on the approximate draw down.
  • #130
  • Oct 11, 2010 9:18am Oct 11, 2010 9:18am
Please, 5%......
  • #131
  • Edited 11:27am Oct 11, 2010 11:02am | Edited 11:27am
I load EA on Demo and it's already banking some $

It shouldn't work though, cause think about it we have 2 sets of pairs

EU (this moving same direction with GU)
GU
========
UC (This moving same direction with UJ)
UJ

how come 3 pairs are BUY and 1 SELL, which means imbalance

GU SELL will offset EU Buy

but those UC/UJ are moving in same direction, so if direction is down for

Cable (GU), GU SELL would be in Profit then EU going to be bunking loses

/UC profit/UJ profit, if Direction is UP for Cable, then GU loses

EU profit / UC loses, UJ loses.

=======

So if GU will continue to go up, EA will be keep losing theoretically,


cause
GBPUSD going to be banking loses alone with UJ and UC and only EU going to be

in profit, but one SELL can hardly offset 3 other pairs BUY, did you think?

Of course nothing goes 1 direction all the time

Anybody thought about that? This EA will work in the days like today,

because GU going down making profit, EU making loses and other

2 pairs UC/UJ making profit as well, ones direction change to UP for EU

and Cable, this EA will banking loses.

Of course there is bunch of variables like intervention

or if YEN or CHF start weakening, then whole picture can change..

P.S

Need to be keep running for longer period than couple of days to see the whole picture,

if this little sucker makes money, who cares about theory, right?
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #132
  • Oct 11, 2010 11:13am Oct 11, 2010 11:13am
Quoting Dreamliner
Simply drag it onto your chart and it will attach.
I have tried it can't work....*#@#
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #133
  • Oct 11, 2010 11:17am Oct 11, 2010 11:17am
Quoting sivaji
I have tried it can't work....*#@#
Dude, give us a favor and google up how to use EA, how enable

EA for live trading.. You cannot copy and paste, how we can help?
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #134
  • Oct 11, 2010 11:51am Oct 11, 2010 11:51am
Quoting SkyzerFX
Dude, give us a favor and google up how to use EA, how enable

EA for live trading.. You cannot copy and paste, how we can help?
I've save the files wrongly in indicator... so i should save it in EA and drag to the charts right>>>?
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #135
  • Oct 11, 2010 12:14pm Oct 11, 2010 12:14pm
Quoting sivaji
I've save the files wrongly in indicator... so i should save it in EA and drag to the charts right>>>?
Watch this quick tutorial.

Inserted Video
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #136
  • Oct 11, 2010 12:48pm Oct 11, 2010 12:48pm
Quoting SkyzerFX
I load EA on Demo and it's already banking some $

It shouldn't work though, cause think about it we have 2 sets of pairs

EU (this moving same direction with GU)
GU
========
UC (This moving same direction with UJ)
UJ...
I agree with you SkyzerFX, USD is absolutely imbalance (3 buys, 1 sell) but maybe the rest of currencies do their job...
Anyway, some systems with perfect synthetic hedge donīt work for me so the best test is to try it.......letīsee....since Thursday 2 TP and max DD 5%...not bad.....
  • #137
  • Edited 3:30pm Oct 11, 2010 2:20pm | Edited 3:30pm
Quoting Caillou
I agree with you SkyzerFX, USD is absolutely imbalance (3 buys, 1 sell) but maybe the rest of currencies do their job...
Anyway, some systems with perfect synthetic hedge donīt work for me so the best test is to try it.......letīsee....since Thursday 2 TP and max DD 5%...not bad.....
Another thing to consider:

Sell GBPUSD and Buy EURUSD = Just BUY EURGBP

So far it should work as EURGBP is in uptrend.

+ while watching in action, I see balance many times was around 5$.. Maybe even better Idea, to

grab $5 few times, rather than wait for $20?
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #138
  • Oct 11, 2010 4:52pm Oct 11, 2010 4:52pm
Quoting vikasone23
No... there is no other criteria. But the only one condition NEVER EVER BOOK LOSSES

what do you mean by ''never book losses'' ?
  • #139
  • Oct 11, 2010 7:02pm Oct 11, 2010 7:02pm
Hello Vikasone

Back test looks good to start with then 1 trade wipes out
Have a look
Attached Image (click to enlarge)
Click to Enlarge Name: VikasoneEAtest.gif Size: 9 KB
  • #140
  • Oct 11, 2010 7:03pm Oct 11, 2010 7:03pm
I have the original EA with the default inputs running since October 07 on four demo platforms. Trading $5,000 accounts with 0.1 lot ($1.0)

The only difference is in the TP.
The platforms with TP 15 and 10 were started 2 hrs later.

These are the results so far:

TP 25 closed +98.45 (4 times close)
open -165

TP 20 closed +82.41 (4 times close)
open -150

TP 15 closed +75.55 (5 times close)
open -166

TP 10 closed +53.53 (5 times close)
open -136

The largest DD was up to now approx. 5%

Cheers
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