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Chamunda's MultiCurrency Strategy

  • #181
  • Oct 14, 2010 12:22am Oct 14, 2010 12:22am
You guys receiving any trades at the moment, I downloaded the version from SkyzerFX but not receiving any trades?
  • #182
  • Oct 14, 2010 12:28am Oct 14, 2010 12:28am
Quoting Pluto2
DD is now almost 7%.
hhhh... i am worried...
well work in progress to improve it..
  • #183
  • Oct 14, 2010 2:02am Oct 14, 2010 2:02am
i have seen more than 10% DD regularly with the original method on LONG side.
  • #184
  • Oct 14, 2010 2:13am Oct 14, 2010 2:13am
Quoting roundrock
i have seen more than 10% DD regularly with the original method on LONG side.
right
I opened my trade on Tuesday morning, long, demo account 1000$, 0.1lots.
...now i nearly crash my account , DD in this moment 34,5%
the ea never reached the 20$

regards
  • #185
  • Oct 14, 2010 4:13am Oct 14, 2010 4:13am
Quoting AlexM80
right
I opened my trade on Tuesday morning, long, demo account 1000$, 0.1lots.
...now i nearly crash my account , DD in this moment 34,5%
the ea never reached the 20$

regards
what pair is the bigest lost?
Simplicity your Life
  • #186
  • Oct 14, 2010 4:19am Oct 14, 2010 4:19am
Quoting stevenali
what pair is the bigest lost?
Hi stevenali,

E / U +275 pips
G / U -210 pips
U / C - 210 pips
U / J - 95 Pips

...round about!

my account is now at 27.5 % DD

regards
alex
  • #187
  • Oct 14, 2010 4:36am Oct 14, 2010 4:36am
Quoting AlexM80
Hi stevenali,

E / U +275 pips
G / U -210 pips
U / C - 210 pips
U / J - 95 Pips

...round about!

my account is now at 27.5 % DD

regards
alex
Your trades are :

E/U-- Buy
G/U-- Sell
U/C---Buy
U/J---Buy

Instead of U/J Buy if you Sell then how much your draw down will be?

If so , then you should have closed your trades in profit by now!!!

I have done it
  • #188
  • Oct 14, 2010 4:50am Oct 14, 2010 4:50am
Please see my statement. From 13th onwards I started using the

EU - Buy, GU-Sell, UC - Buy, UJ - Sell or reverse strategy. Till now i had profits. The drawdown was 60 pips approx till now.
Attached File(s)
File Type: zip Statement.zip   6 KB | 368 downloads
  • #189
  • Oct 14, 2010 4:54am Oct 14, 2010 4:54am
Quoting Pluto2
DD is now almost 7%.
HINT: Don't use currencies with CHF or JPY if you do intend to

use it, then whole 4 currencies set must be CHF or JPY

Like

GBPJPY sell
EURJPY buy
AUDJPY sell
NZDJPY buy

Just an example,, As I said earlier you need close correlation you do not

compare SWISS to JAPAN something like that

Also pay attention on spreads.. If they are like 5-7 pips it's going to be

harder to grab that small profit as 5 pips *4 = 20 pips, which

you have to make up for the broker first..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #190
  • Oct 14, 2010 5:53am Oct 14, 2010 5:53am
Quoting simplecoders
Your trades are :

E/U-- Buy
G/U-- Sell
U/C---Buy
U/J---Buy

Instead of U/J Buy if you Sell then how much your draw down will be?

If so , then you should have closed your trades in profit by now!!!

I have done it
Based on your pairs it's easy to check for detections. Open

EURGBP (for first 2 pairs) chart and look, yes it's in uptrend

for the 2nd set of pairs open CHFJPY and also check.. It's somewhat in uptrend as well.

I know how this EA could be improved but need programmers support.

Potentially twice as much profit or even 3 times..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #191
  • Oct 14, 2010 6:07am Oct 14, 2010 6:07am
Quoting simplecoders
Your trades are :

E/U-- Buy
G/U-- Sell
U/C---Buy
U/J---Buy

Instead of U/J Buy if you Sell then how much your draw down will be?

If so , then you should have closed your trades in profit by now!!!

I have done it
hi simplecoders,

unfortunately i used the original long basket.

you are right, in this case, your "buy-sell-buy-sell"-strategy was better....

...no problem, just demo, we need to optimize

regards
alex
  • #192
  • Oct 14, 2010 7:05am Oct 14, 2010 7:05am
Quoting SkyzerFX
Based on your pairs it's easy to check for detections. Open

EURGBP (for first 2 pairs) chart and look, yes it's in uptrend

for the 2nd set of pairs open CHFJPY and also check.. It's somewhat in uptrend as well.

I know how this EA could be improved but need programmers support.

Potentially twice as much profit or even 3 times..
hi SkyzerFX,

pl let me know what needs to be done. i can do some coding. not complex though. i can try to research and figure out

you can PM me or reply here
  • #193
  • Oct 14, 2010 7:07am Oct 14, 2010 7:07am
Quoting stevenali
Dear All,

i already try my system which exactly similar with the system on this thread

with a little bit different

i use EURUSD BUY 1
USDCHF BUY 1
GBPUSD SELL 0.5

i don't put USDJPY on this basket, so far i did it manually

i think for every 10K, is good if we use 0.3 lot for eurusd and usdchf and 0.15 for gbpusd...

i will post my statement (demo account ) here

vikasone23 mentioned about time delay... IMHO new open position is at the begining of the new candle... H1 or H4.. up to you

and i use DAILY TREND of EURUSD as the TRIGGER...
i opened trades around 10 hrs back, i am already 600$ up. buy EU 1 lot, sell GU 0.5 lot, buy USDCHF 1 lot
  • #194
  • Oct 14, 2010 7:17am Oct 14, 2010 7:17am
fantastic you are only trading 3 pairs?
  • #195
  • Oct 14, 2010 7:48am Oct 14, 2010 7:48am
Quoting dryclean
fantastic you are only trading 3 pairs?
Of course Dude, trading by LOTS.. It's a very short term to say

if this could be such huge up, then shold be huge drawdown as well.

Nothing for free in Forex.. And also USDCHF for now doesn't dropping as

fast as EURUSD rising at least for now.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #196
  • Oct 14, 2010 7:57am Oct 14, 2010 7:57am
Quoting roundrock
hi SkyzerFX,

pl let me know what needs to be done. i can do some coding. not complex though. i can try to research and figure out

you can PM me or reply here
Thanks man, some guy already working on it, strategy should be

tested first in order to made further statements..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #197
  • Edited 8:54am Oct 14, 2010 8:19am | Edited 8:54am
Quoting roundrock
buy EU 1 lot, sell GU 0.5 lot, buy USDCHF 1 lot
I just looked over this formula and this is actually

based on EURCHF movements... AS far as EURCHF continue

uptrend this should work.. But at this very moment EURUSD

going down ALONE with USDCHF (which make account loses accelerate),

cause EURCHF as well moving down

temperately. Ones Stupid SWISS FRANC finally weakens, this should

work perfectly, as potential upside for EURCHF is huge..

P.S.

Basically you can watch EURCHF chart, ones pair turns to the upside on H1 turn on

EA with those settings and it will eat up brokers money *LOL*

Try it, open that chart and watch the balance going up and down alone with EURCHF movements
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #198
  • Oct 14, 2010 9:20am Oct 14, 2010 9:20am
Quoting simplecoders
Your trades are :

E/U-- Buy
G/U-- Sell
U/C---Buy
U/J---Buy

Instead of U/J Buy if you Sell then how much your draw down will be?

If so , then you should have closed your trades in profit by now!!!

I have done it
i tried it manually, instead of buy i short U/J. It does help to reduce DD, but I think it only works when the whole market takes short position on USD against Gold, like now. Under such extreme market, it is difficult to say there is a hedge. This is just my humble opinion. best regards.
  • #199
  • Edited 11:19am Oct 14, 2010 11:08am | Edited 11:19am
Quoting vTrade
i tried it manually, instead of buy i short U/J. It does help to reduce DD, but I think it only works when the whole market takes short position on USD against Gold, like now. Under such extreme market, it is difficult to say there is a hedge. This is just my humble opinion. best regards.
I have arrived at the above conclusion because two sell on USD = Two buys.


The balance remaining is EURGBP and CHFJPY .


Any way let us watch for some more days in demo account.
  • #200
  • Oct 14, 2010 12:35pm Oct 14, 2010 12:35pm
Quoting AlexM80
right
I opened my trade on Tuesday morning, long, demo account 1000$, 0.1lots.
...now i nearly crash my account , DD in this moment 34,5%
the ea never reached the 20$

regards
Have u run this ea continuously from Tuesday? This ea should run 24hrs on meta-trader
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