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Hedge and Correlation Strategy

  • #2,821
  • Feb 24, 2011 8:22pm Feb 24, 2011 8:22pm
Great CLOSE ORDER script. It works with my new ECN/STP broker. All my old scripts wouldn't work and I spent the entire day looking for one like this. Thanks alot.
Quoting astral77
Close All Script courtesy of NanningBob. Closes all open trades and works with all mt4s.
Kind Regards
  • #2,822
  • Feb 25, 2011 2:48am Feb 25, 2011 2:48am
Quoting fortheex
hi gms,

using sq' ea i believe, however did run on a set n forget strategy or monitored all the way to get profit..
yes, I use the EA but also verify entries with the indicator.

mostly set and forget as I have to work ...

gary
  • #2,823
  • Feb 25, 2011 2:52am Feb 25, 2011 2:52am
Quoting roundrock
may be u need to take a look at the pairs. i dont trade GBPCHF, GBPCAD and few others like EURNZD etc which have big spread

EA, EC, EU, ECHF, EJ, GA, GU, GJ, AU

these are the pairs i trade
I only traded EA/ECad, ECad/EChf, EU/EChf, EA/EChf, ECad/EJ, EA/EJ, ECad/EU, EJ/EU, EA/EU.

gary
  • #2,824
  • Feb 25, 2011 9:56am Feb 25, 2011 9:56am
Quoting gekid83
Hi guys, perhaps this EA may be of interest... you can merge it with the squalou's EA... it has correlation filter, lot autoratio ecc...

http://www.desynced.net/fx/eas/mq4script-12333.php
Quoting josch
This site -right now- is not available. josch
Here it's another link.... http://dl.dropbox.com/u/620652/post_...dgeEA_v6.6.mq4
  • #2,825
  • Feb 25, 2011 4:14pm Feb 25, 2011 4:14pm
gekid83, it would be helpful to get a description or other stuff about your posted indicator. Simply mentioning '... you can merge ...' is a kind intention, unfortunately not very helpful to non-coders. Do you have an explaining source? josch
trading is war - life is simple
  • #2,826
  • Feb 25, 2011 6:46pm Feb 25, 2011 6:46pm
Quoting josch
gekid83, it would be helpful to get a description or other stuff about your posted indicator. Simply mentioning '... you can merge ...' is a kind intention, unfortunately not very helpful to non-coders. Do you have an explaining source? josch
unfortunately i'm not a coder and i don't speak english well...

my idea is to add the Correlation filter and the lots AutoRatio of the HedgeEA_v6.6 in the Stoch Diff 2 Pair EAsq...

so we don't need to manually check the correlation on mataf, it's automatic...
  • #2,827
  • Feb 26, 2011 4:53am Feb 26, 2011 4:53am
Quoting figgi
Hi guys,

does anyone have RSI for two or more pairs in one window? Or Williams indi..

http://www.forexfactory.com/showthread.php?t=257876

They use MTF RSI for different pairs.
  • #2,828
  • Feb 26, 2011 6:44am Feb 26, 2011 6:44am
Quoting Dreamliner
Going Home Trading Method!

You can skip the first 99 pages of this thread, as we have changed over time, refining our entries and exits, and developing a much better method. Start reading on page 100 (or even pages 95-96 if you want some background) which is here.

There are 5 Simple Steps to the new “Going Home Trading Method", formerly known as the “Hedging and Correlation” Method. We are still hedging and correlating, just that the new name will help...
Hi Dreamliner. Do you perhaps know why with the "Stochastic Different Pairs 1.4b" indicator, let's say on the 4hour chart is the EURUSD above the GBPUSD, but on the daily or weekly it is visa versa?
  • #2,829
  • Feb 27, 2011 12:07pm Feb 27, 2011 12:07pm
Quoting E2u
Thanks! That was the solution.
Thanks, that really helps clean up the chart with just the pairs I want to monitor.!
  • #2,830
  • Feb 27, 2011 12:26pm Feb 27, 2011 12:26pm
Quoting rulla
Nicastro, I will provide an updated version soon. It was my first attempt to use std. deviation approach and the main purpose of EA was to visually see the dynamics accross several pairs, not the trading part yet. So, I would not pay much attention on how EA handles the trades but rather how it enters and if it was calculated correctly to close the gap with profit. We can handle the reset later. The work is in the very beginning.

By the way, is there anything in mq4 world that would give you News signals? I am not aware of any free solutions....
Hi Rulla,
I was wondering whether any progress had been made on your version of the EA based on standard deviations as proposed to be enhanced as above.

Mr Hopwoo'd Ea is working well on demo when trading tiples and at correlations of 90/20
  • #2,831
  • Feb 27, 2011 1:53pm Feb 27, 2011 1:53pm
Quoting fortheex
hi Doji,

Do you mind posting screen capture of the EA setting 'Stoch Diff 2 Pair EASq' from top to bottom that you are using, I'd bet instead of what works for me and the others, lets look at what working in general and your example would be a good one since you have a good winning trade using this correlation strategies..


I hope you don't mind.


Adious.....
Fortheex, here is a screen shot of my platform. It spans across a couple of monitors so I split it in half.

I also included a pic of my EA settings and weekly results...
I hope this helps..

.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Left.png Size: 151 KB
Click to Enlarge Name: Screen Right.png Size: 279 KB
Click to Enlarge Name: Feb 22 - week results.png Size: 16 KB
Click to Enlarge Name: Feb 22 week results by pair.png Size: 24 KB
Attached Image
  • #2,832
  • Edited 3:06am Feb 28, 2011 3:01am | Edited 3:06am
Quoting DojiMojo
Fortheex, here is a screen shot of my platform. It spans across a couple of monitors so I split it in half.

I also included a pic of my EA settings and weekly results...
I hope this helps..

.

Great!... thats what i was looking for... i just turned on the EA last week i had 3 trades .. 2 winner and 1 looser... = 27pips... not bad... turned on today... so far my EA took early trade of euraud / eurjpy it had breakeven and profited 2pips...

As for the EA setting.. I'm using 85% / 10% and max lot i reduced to minimum of 0.1 and lot size to 0.01 = 10cents and profit target to 0. I bet leaving it like this the EA kind of does a good job, i'm not sure if the maxlot would trigger more trades if left ar 9 like yours and also could we miss out the potential profit or breakeven if the profit target 10 is set... let me know your experience.

I will later maybe end of this week will try to post my results good or bad to furhter improve...

Adious....
  • #2,833
  • Feb 28, 2011 6:02am Feb 28, 2011 6:02am
this ea has 1 bug, profit target is not right !

can you please correct the bug ?



and can you change ea add second and third order every 40 pips
of loss ?

thank you

if you wont I pay the changes !
Attached File(s)
File Type: mq4 Stoch Diff 2 Pair EAsq.mq4   15 KB | 551 downloads
  • #2,834
  • Feb 28, 2011 6:58am Feb 28, 2011 6:58am
Today the EA is not picking up any trades except for my euraud/ eurjpy earlier closed at breakeven. I'm closing my laptop now and will on the EA back at home to continue monitoring for today.
  • #2,835
  • Feb 28, 2011 8:20am Feb 28, 2011 8:20am
Quoting wallstreet03
this ea has 1 bug, profit target is not right !

can you please correct the bug ?



and can you change ea add second and third order every 40 pips
of loss ?

thank you

if you wont I pay the changes !
Take the latest one posted. Alos i would advise if you watching the trades and you see 12 to 15 pips profit, close manually.
Intraday only.
  • #2,836
  • Feb 28, 2011 9:08am Feb 28, 2011 9:08am
Quoting navk
Take the latest one posted. Alos i would advise if you watching the trades and you see 12 to 15 pips profit, close manually.

you close manually when you have 12 or 15 pips profit with the 2 pairs ??

profit target is in dollars and not in pips !

we need programmer !
  • #2,837
  • Feb 28, 2011 11:28am Feb 28, 2011 11:28am
Quoting fortheex
Great!... thats what i was looking for... i just turned on the EA last week i had 3 trades .. 2 winner and 1 looser... = 27pips... not bad... turned on today... so far my EA took early trade of euraud / eurjpy it had breakeven and profited 2pips...

As for the EA setting.. I'm using 85% / 10% and max lot i reduced to minimum of 0.1 and lot size to 0.01 = 10cents and profit target to 0. I bet leaving it like this the EA kind of does a good job, i'm not sure if the maxlot would trigger more trades if left ar 9 like yours and also could we miss out...
I have since changed my Take Profit to 20 pips from 10, just to give it more room. I'll see how it goes. On the Max Lots, I would be very surprised if it ever hits that. I would guess that it would only be helpful if you were wanting to limit to just 1 or 2.

Today so far.... 9 trades +63 pips
  • #2,838
  • Feb 28, 2011 11:44pm Feb 28, 2011 11:44pm
Quoting DojiMojo
I have since changed my Take Profit to 20 pips from 10, just to give it more room. I'll see how it goes. On the Max Lots, I would be very surprised if it ever hits that. I would guess that it would only be helpful if you were wanting to limit to just 1 or 2.

Today so far.... 9 trades +63 pips
Hi... great to hear on your trade ... but that's funny i also set similar setting like yours for all the currency pair's and it only trigger 1 trade but you had 9 trades yesterday.

My pairs are as below on forex-metal with timeframe 5m, 80/20 setting no TP setting using SQ's ea.

eurusd/gbpusd
eurusd/eurjpy
gbpusd/eurchf
gbpjpy/eurchf
eurjpy/gbpusd
nzdchf/nzdjpy
nzdjpy/nzdusd
eurchf/euraud
euraud/eurjpy


Do you mind sharing the pairs that you trade and also do you use the forex mataf correlation site and choose the pairs based on daily or 5m correlation.

Thanks in advance....
adious....
  • #2,839
  • Mar 1, 2011 1:34am Mar 1, 2011 1:34am
Hi to all,
I am using sqEA and it was working fine but now its closing only one pair which reach to money target first and not closing the second pair.so i am request to all can you tell me solution for this ?

thank you & regards.
  • #2,840
  • Mar 1, 2011 10:29am Mar 1, 2011 10:29am
Quoting kishu0605
Hi to all,
I am using sqEA and it was working fine but now its closing only one pair which reach to money target first and not closing the second pair.so i am request to all can you tell me solution for this ?

thank you & regards.
This can happen when you receive a requote from your broker. It happened to me while opening and closing pairs.

The error routine of the EA is not very sophisticated ...

gms
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