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Chamunda's MultiCurrency Strategy

  • #141
  • Oct 11, 2010 7:34pm Oct 11, 2010 7:34pm
Quoting moksha
Hello Vikasone

Back test looks good to start with then 1 trade wipes out
Have a look
check your MM.. you got only 3000 in balance and how much

you profit set to?
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  • #142
  • Oct 11, 2010 7:57pm Oct 11, 2010 7:57pm
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
Pluto2,

I have attached the Equity Manager EA, I think it's very useful. Although it says "martingale" in the title, it has nothing to do with any martingale system, don't worry about it.

PipPete
Attached File(s)
File Type: mq4 Equity Manager for Martingale Lover v2.mq4   11 KB | 317 downloads
  • #143
  • Oct 11, 2010 9:11pm Oct 11, 2010 9:11pm
Quoting SkyzerFX
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?

Theoretically, it right. Sell GBPUSD and Buy EURUSD = Just BUY EURGBP.

But when we enter Sell GBPUSD and Buy EURUSD and sell EURGBP

The balance swings from positive to negative. It does not remain constant. This is when we make profit.
  • #144
  • Oct 12, 2010 12:13am Oct 12, 2010 12:13am
Thank you Pippete.

Many pips to you.
  • #145
  • Oct 12, 2010 2:54am Oct 12, 2010 2:54am
Skyzer/Vikasone?

Can somebody please explain in simple layman terms what each setting means?
What exactly the strategy is and it's meaning?

and in back testing how to apply thid to no of pairs etc?
  • #146
  • Oct 12, 2010 8:05am Oct 12, 2010 8:05am
Quoting simplecoders
Theoretically, it right. Sell GBPUSD and Buy EURUSD = Just BUY EURGBP.

But when we enter Sell GBPUSD and Buy EURUSD and sell EURGBP

The balance swings from positive to negative. It does not remain constant. This is when we make profit.
See, this was probably made when Dollar was considering safe

heaven.. Now EA piling losses, cause when GBPUSD

goes down, EU goes down as well, Market tanking and traders

running into YEN and SWISS Franc, so? USDJPY and USDCHF,

(which supposed to be up when EU down), going down as well.
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  • #147
  • Oct 12, 2010 1:43pm Oct 12, 2010 1:43pm
Quoting Pluto2
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
Hey thanx for sharing your results.... Me to getting good results with TP= $20
Lets continue testing for this week...
  • #148
  • Oct 12, 2010 1:44pm Oct 12, 2010 1:44pm
Quoting moksha
Hello Vikasone

Back test looks good to start with then 1 trade wipes out
Have a look
Hey dear sorry to say but I don’t believe in Back testing
  • #149
  • Oct 12, 2010 1:51pm Oct 12, 2010 1:51pm
Quoting moksha
Skyzer/Vikasone?

Can somebody please explain in simple layman terms what each setting means?
What exactly the strategy is and it's meaning?

and in back testing how to apply thid to no of pairs etc?
Dear... there is no need of layman guide to understand this system. Somewhere I read that one of the hidden enemy of retail forex trader is stop loss. So here we tried to design a balance basket where we need not to put stop losses and also to have controlled draw downs.

As far as this ea is considered, it is the simplest ea which open 4 traded simultaneously and close all when TP achieved.

Well I still find some scope of improvement in this strategy. Lets hope for the best.
  • #150
  • Oct 12, 2010 1:52pm Oct 12, 2010 1:52pm
Quoting SkyzerFX
See, this was probably made when Dollar was considering safe

heaven.. Now EA piling losses, cause when GBPUSD

goes down, EU goes down as well, Market tanking and traders

running into YEN and SWISS Franc, so? USDJPY and USDCHF,

(which supposed to be up when EU down), going down as well.

I think its too early to comment on success of this strategy. Lets check it out for atleast 1-2 weeks.
  • #151
  • Oct 12, 2010 4:15pm Oct 12, 2010 4:15pm
I would think that a big drawdown using this EA is surely possible and unfortunately undeniable.

You buy EURUSD and sell GBPUSD : If those currencies are correlated than no problem, no DD.

You also buy USDCHF. If it starts to trend, this will surely give you DD and problems, since it is NOT correlated with above 2 currencies.

The only way to avoid this is if USDJPY is anti-correlated with USDCHF, but this is not the case.

I attached a screenshot with all 4 currencies in 1 screen. Hope this will make it clear.

Greetings Edja
Attached Image (click to enlarge)
Click to Enlarge Name: Multi Cur.jpg Size: 252 KB
  • #152
  • Oct 12, 2010 8:49pm Oct 12, 2010 8:49pm
i got 2 positive trades , both 500$ each on 1 lot each

however i am not feeling confident on this yet until we find a way to contain the DD.

when do you decide to take LONG basket or SHORT basket ? i have always been taking LONG basket, may be thats why i got so many losses until yesterday and something might have changed yesterday so i got 2 profits
  • #153
  • Oct 13, 2010 6:10am Oct 13, 2010 6:10am
Quoting edja00
I would think that a big drawdown using this EA is surely possible and unfortunately undeniable.

You buy EURUSD and sell GBPUSD : If those currencies are correlated than no problem, no DD.

You also buy USDCHF. If it starts to trend, this will surely give you DD and problems, since it is NOT correlated with above 2 currencies.

The only way to avoid this is if USDJPY is anti-correlated with USDCHF, but this is not the case.

I attached a screenshot with all 4 currencies in 1 screen. Hope this will make it clear.

Greetings Edja
I totally agree with you. This 4-Pair basket is simply weighing too much on the USD. However, I am very much interested to see the final results.
Best regards.
  • #154
  • Oct 13, 2010 7:56am Oct 13, 2010 7:56am
WE may try this set too:

EURUSD: Buy
GBPUSD: Sell
USDCHF: Buy
USDJPY: Sell


OR


EURUSD: Sell
GBPUSD: Buy
USDCHF: Sell
USDJPY: Buy.

This will reduce the weight on USD. and may be less draw down too.
  • #155
  • Oct 13, 2010 8:22am Oct 13, 2010 8:22am
Maybe, truth be said, it´s too much time to close the basket, now I´m at -2.83% DD, the DD is not big, but we have to close the trades with profit soon.....
We have to fix 2 inputs:
1.- Max DD
2.- Frecuency for closing baskets

I´ll wait till basket close and then sure we have to change something....
  • #156
  • Oct 13, 2010 8:24am Oct 13, 2010 8:24am
I don't care about the pairs cause I have my own technique to

find those pairs. Problem is in EA - execution.. Many times watching

price hitting +20$ profit EA no reaction and then next few minutes already

-20.. Need immediate reaction. I think EA should check every sec? every

pip?

Problem #2 if you use let's say 0.15 lot and you Set

profit=$20 EA calculates this as Profit * Lot size * 10 in this case

it's equals $30.. Why the heck I need this BS for??? I want EA to close

trades at specified price target, which is $20.. I took that off from the

code and trying to find out if it's working, but AS I said, EA reaction

very slow It should close trades immediately ones PROFIT is hit..

Need to fix that All.. Anybody with MT4 coding experience who can

improve this EA.. IT needs to truck total price every pip or every 2 pips

of movement.. Ohh and Slippage is also playing a role.. It finally close the trades,

but instead of $20 profit is only $8 I think slippage should be addressed as well.

Thanks
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  • #157
  • Oct 13, 2010 8:44am Oct 13, 2010 8:44am
I too agree that there are few drawbacks in this EA. I have not coded this EA. This EA was trading 2 pairs initially. I only modified it for 4 pairs.

Any programmer/coder who can rewrite this ea please message me as I want to rewrite this ea with some additional features........

Best Regards.
  • #158
  • Oct 13, 2010 9:02am Oct 13, 2010 9:02am
Ok, looks like it's working "That piece of code I take off"

Now killing broker on Demo, so far made 50$ for less than 2 hours
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  • #159
  • Oct 13, 2010 9:05am Oct 13, 2010 9:05am
Quoting vikasone23
I too agree that there are few drawbacks in this EA. I have not coded this EA. This EA was trading 2 pairs initially. I only modified it for 4 pairs.

Any programmer/coder who can rewrite this ea please message me as I want to rewrite this ea with some additional features........

Best Regards.

I give you some clue, forget about those pairs.. What's great

about EA you can type NEW pairs every day, hour, whenever you

like.. You might want to take a look here:
http://www.mataf.net/en/tools/01-01-correlation

and pick pairs on demand, also pay attention to which pairs are

HOT and which are COLD when making those hedges.
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  • #160
  • Oct 13, 2010 9:16am Oct 13, 2010 9:16am
What if you look at the 4h or daily charts of the initially 4 pairs each 4h or each day? Then look what the overall trend is for each pair and trade each pair in the direction of its longer trend. (buy EURUSD if trend is up, buy GPBUSD if trend is also up etc.) Only problem: No more hedging....

What's your opinion on this?
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