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E2u: a simple hedge-trading EA by Steve Hopwood

  • #21
  • Nov 11, 2010 7:29pm Nov 11, 2010 7:29pm
Quoting E2u
I shall try to explain a little more with my bad English.
Hedge the hedge shall continue every 20 pips negative.
If a HH (Hedge the Hedge) goes 20 pips wrong direction the next order will be 0,17x1,7=0.289 for HH
Next will be 0.289x1.7=0.4913 and so on.
Ex. Sell 0.01 then hedge...

It is some kind of martingale method! Adding losing position is quiet dangerous trading method. Why don't just cut loss and start a new trades. The primary goal is identified the current market trend, 2nd find the precise entry, 3rd good money management. That will be guarantee for long term trading.

Just sharing my thought.
  • #22
  • Edited 8:33pm Nov 11, 2010 8:01pm | Edited 8:33pm
Quoting fxforex
It is some kind of martingale method! Adding losing position is quiet dangerous trading method. Why don't just cut loss and start a new trades. The primary goal is identified the current market trend, 2nd find the precise entry, 3rd good money management. That will be guarantee for long term trading.

Just sharing my thought.
Add losing position? Sooner or later you have the biggest lot size on the winning side witch will kill the wrong runner. Bigger lot size=shorter distance. And when you start to hunt the wrong runner in time (20 pips) you don't need a long distance with big lot size to kill it. As long as market move up and down you kill the runner sooner or later. If you have 1000 minus and 999 plus its only one Euro from BE.
  • #23
  • Nov 11, 2010 8:02pm Nov 11, 2010 8:02pm
Quoting vinesh
... Real nice broker, spread is hardly 2-2.5 pips on G/J too. Doesn't give all pairs but all the main ones are there.
fxcentral.net
Vinesh
...
Hey Vinesh,

Check out this thread of Steve's.
http://www.forexfactory.com/showthread.php?t=264335

cheers scalpz
Target 2 : Stoploss in the green
  • #24
  • Nov 11, 2010 8:20pm Nov 11, 2010 8:20pm
If it has a function like add losing position its not right. I have not seen that happen. But I have not seen 0.17 yet, only 0,10.
  • #25
  • Nov 11, 2010 8:30pm Nov 11, 2010 8:30pm
Quoting scalpz
Hey Vinesh,

Check out this thread of Steve's.
http://www.forexfactory.com/showthread.php?t=264335

cheers scalpz
?
  • #26
  • Nov 11, 2010 9:39pm Nov 11, 2010 9:39pm
Quoting E2u
Add losing position? Sooner or later you have the biggest lot size on the winning side witch will kill the wrong runner. Bigger lot size=shorter distance. And when you start to hunt the wrong runner in time (20 pips) you don't need a long distance with big lot size to kill it. As long as market move up and down you kill the runner sooner or later. If you have 1000 minus and 999 plus its only one Euro from BE.
Yeah! That's true. The issues is how we apply this in our live account? E.g. Account Balance and the appropriate lot size etc. Since this method still under experiment condition.
  • #27
  • Nov 12, 2010 5:47am Nov 12, 2010 5:47am
Has anybody seen 0.17. I have only had 0.10 lot.
  • #28
  • Nov 12, 2010 6:05am Nov 12, 2010 6:05am
Quoting E2u
Has anybody seen 0.17. I have only had 0.10 lot.
Good Morning E2u,
I'm showing .10(min lot size), 1.0 hedge and 1.70 hedge the hedge lot sizes and this thing went through another acc on me last night...Up to 100000 now to get rid of out of money error's

whip
  • #29
  • Nov 12, 2010 6:11am Nov 12, 2010 6:11am
Quoting E2u
Has anybody seen 0.17. I have only had 0.10 lot.
Yep, had gone to 1.7 and 2.89 euraud
all good closed at BE
PipBear
  • #30
  • Edited 6:41am Nov 12, 2010 6:29am | Edited 6:41am
Quoting PipBear
Yep, had gone to 1.7 and 2.89 euraud
all good closed at BE
PipBear
I'm at 2.89 on the EURAUD now and still running....Negative upl in 4 digits on just that pair
Now 4.91.....Now 8.34 and -upl over 2000...This thing is not for my live penny acc
  • #31
  • Nov 12, 2010 4:24pm Nov 12, 2010 4:24pm
Quoting hiredwhip
I'm at 2.89 on the EURAUD now and still running....Negative upl in 4 digits on just that pair
Now 4.91.....Now 8.34 and -upl over 2000...This thing is not for my live penny acc
I am with you on that one !!!
Finished the trading for this week with 3 pairs at 8.34 and the gbpchf at 14.17, and I do not think it will stop there, as I believe it is going the wrong way again so the next level may be hit on Monday. Just as well it is only Monopoly.
Total of 348 trades taken in less than 24 hrs. TP set at 5 not 10.
Floating DD 21.1%

Regards
PipBear
  • #32
  • Nov 12, 2010 4:38pm Nov 12, 2010 4:38pm
For me so far, the profits generated are a long, long, long way from being worth the risk.

Martingale is a rich man's toy. I shall give this a week to see what happens. Most likely, I shall remove the ea and close this thread, but we shall see.

I misunderstood E2u's original concept - I thought it allowed a maximum of two open trades at a time, not an unlimited sequence of trades. I suspect that if most of us could afford to trade like this, we would not be here reading FF threads.

One practical thing I can do is add a maximum trades input, so the bot cannot keep going until the account runs out of money. I will do this before Monday.


  • #33
  • Nov 12, 2010 4:45pm Nov 12, 2010 4:45pm
Quoting SteveHopwood
For me so far, the profits generated are a long, long, long way from being worth the risk.

Martingale is a rich man's toy. I shall give this a week to see what happens. Most likely, I shall remove the ea and close this thread, but we shall see.

I misunderstood E2u's original concept - I thought it allowed a maximum of two open trades at a time, not an unlimited sequence of trades. I suspect that if most of us could afford to trade like this, we would not be here reading FF threads.

One practical thing I can do is add a maximum trades input, so...
That would be a good addition Steve, as I feel I will empty the 50K demo account real fast otherwise. Thanks in advance.
Regards
PipBear
  • #34
  • Nov 12, 2010 4:45pm Nov 12, 2010 4:45pm
Quoting SteveHopwood
For me so far, the profits generated are a long, long, long way from being worth the risk.

Martingale is a rich man's toy. I shall give this a week to see what happens. Most likely, I shall remove the ea and close this thread, but we shall see.

I misunderstood E2u's original concept - I thought it allowed a maximum of two open trades at a time, not an unlimited sequence of trades. I suspect that if most of us could afford to trade like this, we would not be here reading FF threads.

One practical thing I can do is add a maximum trades input,...
u r getting slow

Quote
I will do this before Monday
Hero calls followed by margin calls...
  • #35
  • Nov 12, 2010 5:34pm Nov 12, 2010 5:34pm
Quoting PhAnTi'
u r getting slow http://cdn.forexfactory.com/images/s..._the_floor.gif
http://cdn.forexfactory.com/images/s..._the_floor.gif

No I'm not. This is already done and added to post 1 for the backtesters.

I have also decided only to release compiled code for this bot. I have explained why in post 1.

  • #36
  • Edited 6:03pm Nov 12, 2010 5:37pm | Edited 6:03pm
Hi
I had a computer crash. I had to reinstall all programs.
I see that the idea is not working without some changes.
I had no opportunity to test the idea until Steve made the EAs.
I have not tried Hedge whit lower than x10.
What I could see was, if its possible to close out parts of the minus orders when you have plus on the hedge side.
As long as the lot size is bigger than 0.01 maybe its possible to close part on both side at BE. When you have 10+ you close minus 10 with +10.
I have tested so many EAs both commercial and homemade and I don't find anything that works.
I think an EA for place orders is not a important thing. It must bee more important to build something that take care of the winning and loosing trades. If you have a system for that, you can flip a coin and put the order.
My problem is that I'm not a programmer.
  • #37
  • Nov 13, 2010 2:58am Nov 13, 2010 2:58am
When you are backtesting, remember to allow greater spread now when its weekend
  • #38
  • Nov 14, 2010 2:31am Nov 14, 2010 2:31am
I think we need a stop-loss directly after last level. If we use 3 levels we have a stop-loss after 3 levels and if we use 4 levels a stop-loss after 4 levels. Like 10-20 pips.
  • #39
  • Nov 14, 2010 5:34am Nov 14, 2010 5:34am
Quoting E2u
I think we need a stop-loss directly after last level. If we use 3 levels we have a stop-loss after 3 levels and if we use 4 levels a stop-loss after 4 levels. Like 10-20 pips.
I have added a MaxTradesStopLoss input. This should kick in and set a 20 pip stop for each of the trades in the sequence when MaxTradesAllowed is reached.

I am not sure that this is working properly.

  • #40
  • Nov 14, 2010 1:14pm Nov 14, 2010 1:14pm
It looks like the EA does not always open new order with 0.01 after it has closed in profit. Sometimes it opens with 0.17 and that is not right. It shall always open new order with 0.01. And only when the RSI condition is met. I need to check it when the market is open.
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