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Hedge and Correlation Strategy

  • #2,401
  • Feb 7, 2011 12:09pm Feb 7, 2011 12:09pm
Quoting squalou
hmmmm....
that happened to me when i had wrongly set OpenTradeStoch to be less than CloseTradesStoch...
so i added a check on it and it should spit a warning if this is the case (and no trade).

If you set ProfitTarget to 0, then it should trade only based on the Stochastic Difference value.

Can you post a picture and what the Terminal "Expert" tab log is showing ?


Sq
Squalou:

For each set of pair, i should open a seperate chart and load indi as well as EA ?

Accroding to tradeble stoc, i have around 30 pair set combinations. Also can i leave magic number "0" for all charts ? Thanks.
Intraday only.
  • #2,402
  • Feb 7, 2011 12:22pm Feb 7, 2011 12:22pm
Quoting navk
Squalou:

For each set of pair, i should open a seperate chart and load indi as well as EA ?

Accroding to tradeble stoc, i have around 30 pair set combinations. Also can i leave magic number "0" for all charts ? Thanks.

yes... that's the way it is with "single-pair" EAs -- well it trades 2-pairs, but that's 1 couple per chart only.

MagicNumber set to 0 should work if all "couples" are different.
Actually it should also work if 2 couples are identical, but different timeframes.

That makes me think of something interesting: what if you would like to run the EA on the same couples and same timeframes, but using different inputs ?...
Hmmm.... that would surely mess the auto-MagicNumbers logic, as they are not based on the inputs at all...
Interesting.


If you want to run it on 30 different "couples", then Steve's EA is the best choice.

Sq
  • #2,403
  • Feb 7, 2011 12:53pm Feb 7, 2011 12:53pm
My a/c statement as of today using 5 min chart with this strategy.
Attached File(s)
File Type: doc COREL STRAT STAEMENT.doc   466 KB | 1,412 downloads
Intraday only.
  • #2,404
  • Feb 7, 2011 1:16pm Feb 7, 2011 1:16pm
Quoting navk
My a/c statement as of today using 5 min chart with this strategy.
Attachment
Hi navk.
Verry nice results. Do you trade with an EA ore manually?
Thanks.
tordi
  • #2,405
  • Feb 7, 2011 1:20pm Feb 7, 2011 1:20pm
Quoting smjones
Here it is with all currencies put back in. You better have a powerful system to run this one. but if someone does, this will do it.
Hi SM, great MultitimeFrame template, but why disappeared "ShowOnlyHedgedPairs" option ? Or am I missing something ?

thx, Kruspe
  • #2,406
  • Feb 7, 2011 1:20pm Feb 7, 2011 1:20pm
Quoting navk
My a/c statement as of today using 5 min chart with this strategy.
Attachment

ok navk ! today only 2 trades for you !
  • #2,407
  • Feb 7, 2011 2:10pm Feb 7, 2011 2:10pm
Quoting navk
My a/c statement as of today using 5 min chart with this strategy.
Attachment
Good results. What are your entry & extit criteria?
  • #2,408
  • Feb 7, 2011 2:33pm Feb 7, 2011 2:33pm
Quoting squalou
yes... that's the way it is with "single-pair" EAs -- well it trades 2-pairs, but that's 1 couple per chart only.

MagicNumber set to...
hi,

This EA took trades, usdchf buy and gbpcad sell. I set 10 pips profit exit too in addition to 5 % exit. It tried to close when 10 pips profit was reached, but only one trade got closed and other one did not. I closed other trade manually. Could it be some problem?
Intraday only.
  • #2,409
  • Feb 7, 2011 3:01pm Feb 7, 2011 3:01pm
Quoting navk
hi,

This EA took trades, usdchf buy and gbpcad sell. I set 10 pips profit exit too in addition to 5 % exit. It tried to close when 10 pips profit was reached, but only one trade got closed and other one did not. I closed other trade manually. Could it be some problem?
navk, maybe you have to increase slipage a bit.
  • #2,410
  • Feb 7, 2011 3:11pm Feb 7, 2011 3:11pm
Nice results!
Is this roundrocks EA?


Quoting navk
hi,

This EA took trades, usdchf buy and gbpcad sell. I set 10 pips profit exit too in addition to 5 % exit. It tried to close when 10 pips profit was reached, but only one trade got closed and other one did not. I closed other trade manually. Could it be some problem?
  • #2,411
  • Feb 7, 2011 3:14pm Feb 7, 2011 3:14pm
Quoting Kruspe
Hi SM, great MultitimeFrame template, but why disappeared "ShowOnlyHedgedPairs" option ? Or am I missing something ?

thx, Kruspe
Again, I dont know, it is not my indicator I fixed a few things for Dreamliner with it, but I really am not going to get in to figuring out bugs or perceived bugs on it. I suggest you ask the person that altered the original. Sorry, but I don't have time to do this. I suppose I should have only posted ex4 files and not source code and that is my mistake. I assumed people would make it to their liking, not post variants of it.

Again, I am very sorry, Scott
  • #2,412
  • Feb 7, 2011 3:22pm Feb 7, 2011 3:22pm
Quoting smjones
Again, I dont know, it is not my indicator I fixed a few things for Dreamliner with it, but I really am not going to get in to figuring out bugs or perceived bugs on it. I suggest you ask the person that altered the original. Sorry, but I don't have time to do this. I suppose I should have only posted ex4 files and not source code and that is my mistake. I assumed people would make it to their liking, not post variants of it.

Again, I am very sorry, Scott
Hey Scott, you donīt have to be sorry, my fault. Last 3 pages are a little confusing with so many indi&templates.

Kruspe
  • #2,413
  • Feb 7, 2011 3:46pm Feb 7, 2011 3:46pm
Quoting smjones
I have no idea if the alerts work properly, because they have moved them to function calls and I did not follow the logic. So you will just have to test it.
Scott,

Have you written a Corr Indi that works........to this day. I hear lots of people say neg about Corr trading. But I know big boys do this and only this kind of work as they trade in millions, in and out within seconds.

What is your take and exp on, with Corr trading.......if you like to share.
Thanks.
  • #2,414
  • Feb 7, 2011 4:17pm Feb 7, 2011 4:17pm
Quoting jackm1
Scott,

Have you written a Corr Indi that works........to this day. I hear lots of people say neg about Corr trading. But I know big boys do this and only this kind of work as they trade in millions, in and out within seconds.

What is your take and exp on, with Corr trading.......if you like to share.
Thanks.
I do not have enough experience with correlation trading to offer a valid opinion. I would opine however, that there are many who are having success with this approach and the thing they need to be most cognoscente of is to control their risk in the form of stops. Where these stops should be is something I do not know. My experience with this method has been successful, albeit very limited, so the jury is still out for me, so to speak.
  • #2,415
  • Feb 7, 2011 4:22pm Feb 7, 2011 4:22pm
I think the jury will be out for at least a month, probably more. A week or two of successful trading does not make a successful system.
  • #2,416
  • Feb 7, 2011 4:23pm Feb 7, 2011 4:23pm
Quoting Kruspe
Hey Scott, you donīt have to be sorry, my fault. Last 3 pages are a little confusing with so many indi&templates.

Kruspe
Well I have to take some responsibility for that. I should have controlled my code a little better. I will be more careful in the future so as to improve the situation.

Those that have used my code have been at a serious disadvantage, because I am such a hack programmer. LOL I am mostly sorry for what they had to work with from me. They have done an outstanding job considering my spaghetti code.
  • #2,417
  • Feb 7, 2011 6:12pm Feb 7, 2011 6:12pm
Quoting smjones
...Those that have used my code have been at a serious disadvantage, because I am such a hack programmer...
We are very grateful to have the benefit of your excellent, generous contributions. I know many in FF share my sentiments and wish you good health and continuous success.
Kind regards
  • #2,418
  • Feb 7, 2011 6:17pm Feb 7, 2011 6:17pm
Quoting astral77
We are very grateful to have the benefit of your excellent, generous contributions. I know many in FF share my sentiments and wish you good health and continuous success.
Kind regards
  • #2,419
  • Feb 7, 2011 6:19pm Feb 7, 2011 6:19pm
Quoting smjones
Well I have to take some responsibility for that. I should have controlled my code a little better. I will be more careful in the future so as to improve the situation.

Those that have used my code have been at a serious disadvantage, because I am such a hack programmer. LOL I am mostly sorry for what they had to work with from me. They have done an outstanding job considering my spaghetti code.
Don't be sorry. I actually didn't test my code before posting here which is kinda stupid. Next time I will make sure that everything is all right. How do you trade this system with an EA? I wrote one for myself but I didn't want it to big so I just made it for 4 Pairs Timeframe, so I have to open a lot of charts



1M,5M,15M, EURUSD
1M,5M,15M, GBPUSD
1M,5M,15M, EURCHF
1M,5M,15M, EURJPY
1M,5M,15M, USDCHF

Thats a total of 13 pair combinations each traded on 3 Different Timeframes, how does everyone else deal with this? Do you only trade a few currencies?
How does your CPU resources look like.


With the Magic Number it isn't really a problem.

Just do something like

if (Mainpair == "EURUSD"){Magic+100);
if (Mainpair == "GBPUSD"){Magic+200);
....
switch(Timeframe)
case 1 : n=10
case 5 : n=20
case 15 : n=30
....

Magic = + n

and than assign for every SubPair one single Digit. So it's easy to identify a lot of currencies based on their timeframe MainPair etc ... Thats at least how I did it.



I have written a simple layout that shows me the most important facts on one page. I will add more stuff like the amount of open trades. If the currency meets predefined criteria it will change color to signalize a trade and will change color again if you already have orders open. If someone is interested I will keep on working on this overlay.
Attached Image (click to enlarge)
Click to Enlarge Name: Layout.jpg Size: 79 KB
  • #2,420
  • Feb 7, 2011 9:25pm Feb 7, 2011 9:25pm
Quoting Dreamliner
I think the jury will be out for at least a month, probably more. A week or two of successful trading does not make a successful system.
Dreamliner, it is looking pretty good, you have to admit. :nerd:

Could I plead for an organization of indicators and ea's on Post #1? I don't know how FF works about editing, but I presume you are the one that has to do it. If the successful indi's could be posted by their authors as a "release" it would make it easier on you to grab and post.

I do not think it is just busy work, and will help us avoid further confusion. When a version gets updated it can just be uploaded with one source for the "official" indi's and EA's.

Believe me I am not being anal, I have just seen this happening before and know it can be avoided with the littlest bit of work.

T
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