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Three Pairs Hedging

  • #81
  • Feb 6, 2011 8:18pm Feb 6, 2011 8:18pm
Quoting SkyzerFX
Meaning there is no such strategy when you can just placed hedged trades and go to sleep, if this was possible, nobody wouldn't even care to look at the charts.
You have to look at the chart to know when to pick up your chips...

http://i54.tinypic.com/t6xbbp.gif
  • #82
  • Feb 6, 2011 8:50pm Feb 6, 2011 8:50pm
Quoting SkyzerFX
Meaning there is no such strategy when you can just placed hedged

trades and go to sleep, if this was possible, nobody wouldn't even

care to look at the charts. If profit can be made then there is always

a risk for loss and Forex is on the place #1, for me it's not much away

from

simple gambling in the casino, when the house got little advantage,

same as brokers on Forex and same as Bookers on Sport betting..

The only things, I see working by far is Large account and very small lots

keep buying/selling averaging the few...
Your reply is definitely cool!

Thanks
福 子 Victor V
  • #83
  • Feb 6, 2011 9:22pm Feb 6, 2011 9:22pm
Well anybody started testing of this strategy with ea?

One thing I am worry about is brokers spread which will play major role in live account.
  • #84
  • Feb 7, 2011 2:04am Feb 7, 2011 2:04am
Quoting tjfxtrader
You have to look at the chart to know when to pick up your chips...

http://i54.tinypic.com/t6xbbp.gif
tjfxtrader, could you load up your two indicators, which you've posted here?
  • #85
  • Feb 7, 2011 10:40am Feb 7, 2011 10:40am
I think it will be interesting to test both basket at a same time.
ie ea will open buy buy sell and sell sell buy basket at a time and monitor each basket with magic no. and should close basket that hit profit target and reopen the same...
  • #86
  • Feb 7, 2011 11:03am Feb 7, 2011 11:03am
Yeah, that really is an interesting idea. I think that's a hedge of the hedge and one hedge of them will always be positive...


Quoting Password
I think it will be interesting to test both basket at a same time.
ie ea will open buy buy sell and sell sell buy basket at a time and monitor each basket with magic no. and should close basket that hit profit target and reopen the same...
  • #87
  • Feb 7, 2011 12:18pm Feb 7, 2011 12:18pm
Quoting Password
I think it will be interesting to test both basket at a same time.
ie ea will open buy buy sell and sell sell buy basket at a time and monitor each basket with magic no. and should close basket that hit profit target and reopen the same...
Yes, this would be the best to do, instead of trading other three pairs.
  • #88
  • Feb 7, 2011 12:23pm Feb 7, 2011 12:23pm
How have you all been doing with this method? You've now had the US session to trade, what are you profits?
  • #89
  • Edited 1:37pm Feb 7, 2011 1:25pm | Edited 1:37pm
Could someone add a magic number to both EAs?
The 1. one is for buy - buy - sell on GBPUSD - USDCHF - GBPCHF
The 2. one is for sell - sell - buy on GBPUSD - USDCHF - GBPCHF

Attached File(s)
File Type: mq4 BBS Hedging Strategy .mq4   6 KB | 3,463 downloads


Attached File(s)
File Type: mq4 SSB Hedging Strategy .mq4   6 KB | 2,761 downloads


I would like to open trades right after attaching both EAs on the charts, but they do not open trades and are waiting for something. Maybe s.o. can check this too.
  • #90
  • Feb 7, 2011 2:06pm Feb 7, 2011 2:06pm
Quoting Password
I think it will be interesting to test both basket at a same time.
ie ea will open buy buy sell and sell sell buy basket at a time and monitor each basket with magic no. and should close basket that hit profit target and reopen the same...
Well just send your idea to any broker , they will love to programm an EA for you.
Bcuz your essentially just paying 6 times spreads while staying absolutly flat.

I think this whole "strategy" can go into two directions :
a) Grid Trading like Averaging with just one pair you have the exposure to or
b) "True" Hedging with correct lot sizes also known as Triangular Arbitrage

Take your time and think about it. And bear in mind , there is no such thing as riskless profit.
  • #91
  • Feb 7, 2011 2:24pm Feb 7, 2011 2:24pm
Hey cash,

the bots do open the trades with alpari.uk.
Heres a screenshot



Quoting cash4u2
Could someone add a magic number to both EAs?
The 1. one is for buy - buy - sell on GBPUSD - USDCHF - GBPCHF
The 2. one is for sell - sell - buy on GBPUSD - USDCHF - GBPCHF

Attachment

Attachment

I would like to open trades right after attaching both EAs on the charts, but they do not open trades and are waiting for something. Maybe s.o. can check this too.
Attached Image (click to enlarge)
Click to Enlarge Name: 3pairs.jpg Size: 75 KB
  • #92
  • Edited 3:08pm Feb 7, 2011 2:50pm | Edited 3:08pm
Quoting tex
Hey cash,

the bots do open the trades with alpari.uk.
Heres a screenshot
Yes, both EAs do open trades but it takes a while until the second EA opens his trades. There is still a magic number needed otherwise neither EA will close his trades.
At your screenshot it shows also, that second EA opened trades 13 minutes later than the first trades.
  • #93
  • Feb 7, 2011 3:50pm Feb 7, 2011 3:50pm
Have found a nice "beta" indicator from thread http://www.forexfactory.com/showthread.php?t=160912

GBPUSD
USDCHF
GBPCHF

When GBPUSDand USDCHF is above 80 and GBPCHF below 20,
we trade GBPUSDand USDCHF (buy - buy) and GBPCHF (sell)

When GBPUSDand USDCHF is below 20 and GBPCHF above 80,
we trade GBPUSDand USDCHF (sell - sell) and GBPCHF (buy)

Here is a screenshot:

Attached Image (click to enlarge)
Click to Enlarge Name: a stochastic.jpg Size: 496 KB
  • #94
  • Feb 7, 2011 4:52pm Feb 7, 2011 4:52pm
Please let us know how you're doing with this when you can.

Quoting cash4u2
Have found a nice "beta" indicator from thread...
  • #95
  • Feb 7, 2011 4:55pm Feb 7, 2011 4:55pm
Which indicator is it ? U just posted the thread link. There are many of them recently...

Edit: Got it never mind. Here they are.

Quoting cash4u2
Have found a nice "beta" indicator from thread http://www.forexfactory.com/showthread.php?t=160912

GBPUSD
USDCHF
GBPCHF

When GBPUSDand USDCHF is above 80 and GBPCHF below 20,
we trade GBPUSDand USDCHF (buy...
Attached File(s)
File Type: mq4 Basket Profit 3 Pairs sq.mq4   11 KB | 3,202 downloads
File Type: mq4 Stochastic different three pairs 1.4b.mq4   5 KB | 3,433 downloads
  • #96
  • Feb 7, 2011 5:15pm Feb 7, 2011 5:15pm
here is nice little ea that will close all pending and open trades when profit is reached....

B-cat
Attached File(s)
File Type: mq4 CloseTrades_After_Account_Profit_Reached.mq4   3 KB | 2,419 downloads
  • #97
  • Edited 6:43pm Feb 7, 2011 5:30pm | Edited 6:43pm
Quoting cash4u2
Have found a nice "beta" indicator from thread...
Hi cash4u2,

Don't you mean SSB for the first where GBPCHF is below 20

And BBS for the second where GBPCHF is above 80?
  • #98
  • Feb 7, 2011 5:32pm Feb 7, 2011 5:32pm
Quoting cash4u2
Have found a nice "beta" indicator from thread...

When GBPUSDand USDCHF is above 80 and GBPCHF below 20,
we trade GBPUSDand USDCHF (buy - buy) and GBPCHF (sell)

Shouldn't we sell high and buy low?!?
  • #99
  • Edited 5:54pm Feb 7, 2011 5:41pm | Edited 5:54pm
Hey DL,

i don't think there's much experience with this method by now. Take a look at SQ's fine backtesting indicator with 3 pairs. There seems to be some potential when one of the 3 pairs drifts away and gets out of sync..



Quoting Dreamliner
Please let us know how you're doing with this when you can.
Attached Image (click to enlarge)
Click to Enlarge Name: 3pairs1.jpg Size: 99 KB
  • #100
  • Feb 7, 2011 5:56pm Feb 7, 2011 5:56pm
Quoting Password
I think it will be interesting to test both basket at a same time.
ie ea will open buy buy sell and sell sell buy basket at a time and monitor each basket with magic no. and should close basket that hit profit target and reopen the same...
Yes, that should be interesting. If the BBS works, by the same logic so should the SSB. And seems to be no reason why they can't then work together, as long as the ea recognises the p/l for each group separately, and not the global p/l for the six trades.

I don't think the effect will be flat with this hedge of a hedge, since the markets don't move in a stratight line but oscillate - when the net goes positive, that profit is booked. So in that sense if there is a lot of oscillations, presumably you will be realising profits on both groups. Even if one group say then goes negative for a prolonged period, you should have realised equivalent profit on the other group. Until such time as the negative group comes back. Point being that in the meantime, you should have a fair bit of realised profit.

All the above ofcourse ignores spread, not sure how much difference that will make ultimately.

Or is the logic completely wrong?

Would love to find out.

Hope one of our experts can have a look at the ea's to add in Magic Number, 2) make sure it opens trades on ecn/ non ecn platforms - it doesn't seem to open trades on Broco for instance, maybe becoz its 4 digits? 3) Preferably allow for different suffixes.

Pardy
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