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Three Pairs Hedging

  • #41
  • Edited 11:09am Feb 6, 2011 10:39am | Edited 11:09am
OK here it is hopefully this is last one I use

I wrote this based on other EA... Let me explain here:

//---- input parameters
extern double Lot1=0.1;
extern double Lot2=0.1;
extern double Lot3=0.1;
extern string Sym1="EURUSD";
extern string Sym2="GBPUSD";
extern string Sym3="EURJPY";
extern double Commission1=0.0;
extern double Commission2=0.0;
extern double Commission3=0.0;
extern double Profit=20;
extern double slippage=2.0;
double Ilo1=0, Ilo2=0, Ilo3=0;

===========================================
Let's say you want to use this on 3 different SET PAIRS then you have

to use Different Lot size for each SET

Let say 1 SET of 3 pairs using Lot size 1.0

Next SET of 3 Pairs should then use 1.01 ( or 0.9 or 1.10 for each pair in the next set, whatever you want just

different of the previous set/sets) and so on//

Why? because each of the SET can have same pair in their SET and

to calculate profit for appropriate set EA have to know which set this

pair belongs (what sum to calculate)

to and we only can verify this buy changing the lot size to different value..

You only have to drop EA on 1 Chart any of those 3 Pairs (but trades should be open, or you have to open them

after you drop EA according to the settings you specify)

Profit Input Specifying PROFIT IN USD$$$ not pips

Specify which pairs you going to use, then specify lot sizes for this pairs SET you going to use and just drag and drop..

Important : FIRST you have to PLACE TRADES MANUALLY.. then drag and drop that EA and specify your Lot size And stuff, so

EA knows what to monitor, ONES Profit Target is hit in USD$ terms, EA will close the Trades automatically,

so Basically it's semi automatic..


EA will also display what is your current Profit/Loss on the specifying SET of PAIRS..

If someone knows how to program you can modify this code and let EA open the trades..

But it's not a big deal.. I hope this is the last version I used.. Make sure it's working first (it SHOULD, cause

I used it on Real ACC ), try it on demo..

P.S

For Commissions leave 0.0 unless you want to also calculate commissions and made your Target Profit Taking

20$ (example) excluding commissions, but then you can just simply use higher value for Profit Taking..
Attached File(s)
File Type: mq4 TM_MultiCurrency_Scalper_v1.2.mq4   4 KB | 4,929 downloads
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  • #42
  • Feb 6, 2011 10:42am Feb 6, 2011 10:42am
Quoting SkyzerFX
OK here it is hopefully this is last one I use
I wrote this based on other EA...
Thx, SkyzerFX, I will try this one. And sell is minus lotsize like -0.1?
  • #43
  • Feb 6, 2011 10:56am Feb 6, 2011 10:56am
So sorry to hear about your accident, and will pray for your recovery.

Quoting cash4u2
tordi, I could only trade it for a short period of two month, before I had an accident, which mad me stay in hospital until the last week. Now I want to continue it, because I believe, this has a great potential.
  • #44
  • Feb 6, 2011 10:58am Feb 6, 2011 10:58am
Quoting cash4u2
I did not use any signals or indicators, the EA opened orders with the same lotsize on the three pairs and closed it in profit. After the close it opened the next trades directly.
But I guess an useful indicator could speed up the positive trades.
So you are using an EA with no indicators to trigger your trades.

How do you determine your first trade?

If 1st basket is BUY BUY SELL and closed with profits, will the next basket be BUY BUY SELL or SELL SELL BUY? How does your EA decides?



P.S. Maybe i'm confusing myself ... ...
福 子 Victor V
  • #45
  • Feb 6, 2011 10:59am Feb 6, 2011 10:59am
Quoting Dreamliner
So sorry to hear about your accident, and will pray for your recovery.
Thank you - I survived and I'm getting better every day!
  • #46
  • Feb 6, 2011 10:59am Feb 6, 2011 10:59am
cash4u2:

Keep doing what you are doing. You do not have to prove anything to anybody. Ignore the naysayers.

I understand exactly what you are doing. YOU ARE NOT ALONE. Keep exploiting market inefficiencies!
  • #47
  • Feb 6, 2011 11:02am Feb 6, 2011 11:02am
Quoting Jenkins
cash4u2:

Keep doing what you are doing. You do not have to prove anything to anybody. Ignore the naysayers.

I understand exactly what you are doing. YOU ARE NOT ALONE. Keep exploiting market inefficiencies!
I agree with you here 100% . I think the Lot size differential is a interesting concept that allows one to take advantage when the three are in profit and ride it out when they are in loss. Just always close the trades when in the profit side.
  • #48
  • Feb 6, 2011 11:02am Feb 6, 2011 11:02am
Quoting camvcvoo
So you are using an EA with no indicators to trigger your trades. How do you determine your first trade? If 1st basket is BUY BUY SELL and closed with profits, will the next basket be BUY BUY SELL or SELL SELL BUY? How does your EA decides?
You decide whether you want bbs or ssb. The problem with this EA was, that it did not close the trades sometimes and I had to close them manually.
  • #49
  • Feb 6, 2011 11:05am Feb 6, 2011 11:05am
Quoting cash4u2
You decide whether you want bbs or ssb. The problem with this EA was, that it did not close the trades sometimes and I had to close them manually.
Thank you.

Now no more cloud blocking the sun
福 子 Victor V
  • #50
  • Feb 6, 2011 11:10am Feb 6, 2011 11:10am
Quoting smjones
I agree with you here 100% . I think the Lot size differential is a interesting concept that allows one to take advantage when the three are in profit and ride it out when they are in loss. Just always close the trades when in the profit side.
Adjusting the lot size will work against you. This strategy requires nothing more than patience and controlling one's greed.
  • #51
  • Feb 6, 2011 11:26am Feb 6, 2011 11:26am
To avoid having to change the lot size for each set of three trades to say 1.01, you could manage open orders using either a magic number (for which the trades would have to have been placed by an EA not manually) or by order comment, which can be entered when placing trades manually or by an EA.
  • #52
  • Feb 6, 2011 11:38am Feb 6, 2011 11:38am
Quoting cash4u2
You decide whether you want bbs or ssb. The problem with this EA was, that it did not close the trades sometimes and I had to close them manually.
Maybe you can post the source code of the EA that you are using and someone kind enough will modify it as per your trading rules
福 子 Victor V
  • #53
  • Feb 6, 2011 11:43am Feb 6, 2011 11:43am
Quoting camvcvoo
Maybe you can post the source code of the EA that you are using and someone kind enough will modify it as per your trading rules
Sorry, but I do not have it and I even do not know the name of this EA, anymore. But it was from this forum.
The rules are very simple, open the given orders, buy-buy-sell or sell-sell-buy, with same lotsize for each pairs, as shown on first post.
Close all three trades, when in profit.
  • #54
  • Feb 6, 2011 11:44am Feb 6, 2011 11:44am
Quoting cash4u2
Thx, SkyzerFX, I will try this one. And sell is minus lotsize like -0.1?
You are welcome,

no no, lot sizes should be positive

Doesn't matter, if it's sell or buy.
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  • #55
  • Feb 6, 2011 11:48am Feb 6, 2011 11:48am
Quoting Fx Optimist
To avoid having to change the lot size for each set of three trades to say 1.01, you could manage open orders using either a magic number (for which the trades would have to have been placed by an EA not manually) or by order comment, which can be entered when placing trades manually or by an EA.
Yeah that was my idea, I find easier to just use the Lot Size, since

I was using 0.10/0.11 and so on and there is no big difference on the

outcome, perhaps for little higher size of lot you can pump a Profit size,

And I never use more than let's say 3 sets of pairs.. Besides, sometime

it will take more than 24 hours to reach the profit target..
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  • #56
  • Feb 6, 2011 11:49am Feb 6, 2011 11:49am
The EA SkyzerFX posted in Post #39 manages open orders for one set of 3 trades, after you enter the trades manually.


Quoting camvcvoo
Maybe you can post the source code of the EA that you are using and someone kind enough will modify it as per your trading rules
  • #57
  • Feb 6, 2011 11:49am Feb 6, 2011 11:49am
Quoting cash4u2
Sorry, but I do not have it and I even do not know the name of this EA, anymore. But it was from this forum.
The rules are very simple, open the given orders, buy-buy-sell or sell-sell-buy, with same lotsize for each pairs, as shown on first post.
Close all three trades, when in profit.
Maybe it's this one?
Attached File(s)
File Type: mq4 3PairsHedge.mq4   21 KB | 4,762 downloads


I found it in my notebook but i never tried it
  • #58
  • Feb 6, 2011 11:52am Feb 6, 2011 11:52am
Quoting cash4u2
Sorry, but I do not have it and I even do not know the name of this EA, anymore. But it was from this forum.
The rules are very simple, open the given orders, buy-buy-sell or sell-sell-buy, with same lotsize for each pairs, as shown on first post.
Close all three trades, when in profit.
I have another one, but I create that one I post from it.

You probably miss that My EA also using same lot size for all 3 pairs

in set, but since it's doesn't have Magic number if you want to run more

than 1 SET on the same account I use slightly different lot sizes for each

sets, that's it.
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  • #59
  • Feb 6, 2011 11:52am Feb 6, 2011 11:52am
Quoting Fx Optimist
The EA SkyzerFX posted in Post #39 manages open orders for one set of 3 trades, after you enter the trades manually.
OK, now I got it, thought it does also open trades ;-)
  • #60
  • Feb 6, 2011 11:55am Feb 6, 2011 11:55am
Pretty much the same here:

This one have Magic Number, but it using 4 Pairs instead, you can

delete 1 pair from the code. I didn't used that one, I used mine..
Attached File(s)
File Type: mq4 V.I.K.A.S. TM MultiCurrency Strategy_v3.mq4   7 KB | 3,940 downloads
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