Hedge and Correlation Strategy | Page 143 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Correlation + Momentum Strategy? 6 replies

MT4 MTF Correlation table and Correlation oscillator indicators 155 replies

InsomiaFX Correlation Double Hedge EA 66 replies

Looking for EA for Correlation Strategy 6 replies

Hedge strategy (not a hedge fund) 13 replies

Attachments: Hedge and Correlation Strategy
Exit Attachments

Hedge and Correlation Strategy

  • #2,841
  • Mar 1, 2011 10:44am Mar 1, 2011 10:44am
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.
"Slippage" is set to 3 by default, and that's "Points", not pips.
On 5D brokerz, that means 0.3 pips only, quite likely to get slipped or requoted.

Set it to 30 instead.

SQ
  • #2,842
  • Mar 1, 2011 10:59am Mar 1, 2011 10:59am
Quoting squalou
"Slippage" is set to 3 by default, and that's "Points", not pips.
On 5D brokerz, that means 0.3 pips only, quite likely to get slipped or requoted.

Set it to 30 instead.

SQ
Thanks genius i hope this will work........


want to ask you few things regarding making ea or indi so can you pls sugges me suitable time ?if you have some time for new bee's......
  • #2,843
  • Mar 1, 2011 12:02pm Mar 1, 2011 12:02pm
Hi,

In order to try to get around the closing errors leaving us with orphan trades, I have recoded the "close" function so that it retries indefinitely until both trades are finally closed.
It should also work if you manually (or accidentally) close one of the trades once profit is hit.

I have also taken care of the Slippage entry, which is now 4D/5D "compliant", so "Slippage" is now a true pip value:
3=3 pips; converted into 30 Points on 5D pairs;
This also works with brokerz that have some pairs on 4D and other pairs on 5D (FxPro for instance...), each pair is handled separately.

Hopefully this will get rid of the various requotes/slippage errors we are experiencing...

Sq
Attached File(s)
File Type: mq4 Stoch Diff 2 Pair EAsq 2011.03.01.mq4   23 KB | 1,457 downloads
  • #2,844
  • Mar 1, 2011 12:09pm Mar 1, 2011 12:09pm
Quoting squalou
Hi,

In order to try to get around the closing errors leaving us with orphan trades, I have recoded the "close" function so that it retries indefinitely until both trades are finally closed.
It should also work if you manually (or accidentally) close one of the trades once profit is hit.

I have also taken care of the Slippage entry, which is now 4D/5D "compliant", so "Slippage" is now a true pip value:
3=3 pips; converted into 30 Points on 5D pairs;
This also works with brokerz that have some pairs on 4D and other pairs on 5D (FxPro for instance...),...
hi squalou, what do you think about the implementation of a correlation filter in the EA?

i've posted a link of an EA that already have it, you can get ideas from that... http://dl.dropbox.com/u/620652/post_...dgeEA_v6.6.mq4
  • #2,845
  • Mar 1, 2011 12:33pm Mar 1, 2011 12:33pm
Quoting squalou
Hi,

In order to try to get around the closing errors leaving us with orphan trades, I have recoded the "close" function so that it retries indefinitely until both trades are finally closed.
It should also work if you manually (or accidentally) close one of the trades once profit is hit.

I have also taken care of the Slippage entry, which is now 4D/5D "compliant", so "Slippage" is now a true pip value:
3=3 pips; converted into 30 Points on 5D pairs;
This also works with brokerz that have some pairs on 4D and other pairs on 5D (FxPro...
Fantastic! Thank you
  • #2,846
  • Mar 1, 2011 12:58pm Mar 1, 2011 12:58pm
Quoting squalou
Hi,

In order to try to get around the closing errors leaving us with orphan trades, I have recoded the "close" function so that it retries indefinitely until both trades are finally closed.
It should also work if you manually (or accidentally) close one of the trades once profit is hit.

I have also taken care of the Slippage entry, which is now 4D/5D "compliant", so "Slippage" is now a true pip value:
3=3 pips; converted into 30 Points on 5D pairs;
This also works with brokerz that have some pairs on 4D and other pairs on 5D (FxPro for...
THANKS BUDDY.....
  • #2,847
  • Mar 1, 2011 1:57pm Mar 1, 2011 1:57pm
Quoting squalou
Hi,

In order to try to get around the closing errors leaving us with orphan trades, I have recoded the "close" function so that it retries indefinitely until both trades are finally closed.
It should also work if you manually (or accidentally) close one of the trades once profit is hit.

I have also taken care of the Slippage entry, which is now 4D/5D "compliant", so "Slippage" is now a true pip value:
3=3 pips; converted into 30 Points on 5D pairs;
This also works with brokerz that have some pairs on 4D and other pairs on 5D (FxPro...
Thanks!!
  • #2,848
  • Mar 1, 2011 4:18pm Mar 1, 2011 4:18pm
What a great thread! I've read all posts, I really like the concept and am amazed how successful such a simple idea can be! Well done to all contributors and long may it continue!

I was hoping someone could clarify the stochastic settings for me as I'm trying to make it work on the cqg platform.

Normally the stochastic oscillator has 2 lines, the %k and %d, which are you using to calculate the stochastic difference?

Secondly over what period is the stochastic calculated? A fairly standard setting would be over 9 bars, am I right in thinking you are only using a period of 1 bar?

Cheers
  • #2,849
  • Mar 1, 2011 6:30pm Mar 1, 2011 6:30pm
Quoting squalou
Hi,

In order to try to get around the closing errors leaving us with orphan trades, I have recoded the "close" function so that it retries indefinitely until both trades are finally closed.
It should also work if you manually (or accidentally) close one of the trades once profit is hit.

I have also taken care of the Slippage entry, which is now 4D/5D "compliant", so "Slippage" is now a true pip value:
3=3 pips; converted into 30 Points on 5D pairs;
This also works with brokerz that have some pairs on 4D and other pairs on 5D (FxPro for...
Thanks a lot SQ.
Intraday only.
  • #2,850
  • Mar 2, 2011 2:34am Mar 2, 2011 2:34am
i took sq ea and modified it to place another lot if the DD reaches a specified value and the sto diff is still above a specified value. so far results are good

this is how it works.

enter 0.1 lot at sto diff > 94
exit for this is either sto diff 20 or cash profit 15$
if DD of this reaches 10$, order another 0.1 lot at the current market price
exit for this add lot is either sto diff 20 or cash profit 25$

most of times i have seen a DD , even if we enter at sto 95. so adding another lot averages the cost and even if 2nd lot gives a small profit, overall we can reach BE quickly. however if it continues to go against you, then the losses will double. but with M5, it comes back. if you see a huge DD, then change the exit to sto 50 or at BE

i have tried this only on M5
  • #2,851
  • Mar 2, 2011 3:24am Mar 2, 2011 3:24am
Hi All

One big request. Unfortunatellly I can't do it self. Somebody could help me and make a small change in this indicator? I would to have possibility to compate EURJPY and AUDJPY.


Thank an advanced
Attached File(s)
File Type: ex4 NeutralHedge Overlay_v4.ex4   11 KB | 690 downloads
  • #2,852
  • Mar 2, 2011 3:49am Mar 2, 2011 3:49am
Quoting smjones
The person who changed my code did not get the array sizes correct. also they did not sort there currencies. Here it is sorted and corrected. Please use this indicator and this template.

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.
Hi;

How do I get this indi to display negative correlations. I have changed and saved the code from "false" to "true" but it still displays pos correlations only. Do I need to change anything else in the code to have both pos and neg correlations displayed?

I know there has been much discussion about the dangers of trading neg correlations, however I just want to experiment with something on demo account.

First post, newbie. Have been following this thread with interest. Learning a lot.

Thanks
Cluttered charts are visual diarrhea. Whats on your charts?
  • #2,853
  • Mar 2, 2011 10:59am Mar 2, 2011 10:59am
Quoting squalou
Hi,

In order to try to get around the closing errors leaving us with orphan trades, I have recoded the "close" function so that it retries indefinitely until both trades are finally closed.
It should also work if you manually (or accidentally) close one of the trades once profit is hit.

I have also taken care of the Slippage entry, which is now 4D/5D "compliant", so "Slippage" is now a true pip value:
3=3 pips; converted into 30 Points on 5D pairs;
This also works with brokerz that have some pairs on 4D and other pairs on 5D (FxPro...
Squalou

I have upgraded my live account to the latest EA. Unfortunately the issue with closing at $ profit has happened twice today. Everything else is working bountifully. This issue of leaving one trade open seems to happen much more on the live account than demo which makes me think it is 'criminal' related.

Here are the log entries for the two trades:

16:18:53 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: In full closure mode. Closing a EURCHF SELL trade...
16:18:54 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: close #22166978 sell 0.10 EURCHF at 1.28199 at price 1.28029
16:18:54 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: 17:18:57: Closed EURCHF=11.28,=11.28,max DD=-5.70
.
.
.
.
16:30:11 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: In full closure mode. Closing a EURCHF SELL trade...
16:30:11 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: close #22166859 sell 0.10 EURCHF at 1.28081 at price 1.27947
16:30:11 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: 17:30:14: Closed EURCHF=8.89,=8.89,max DD=-5.70

The other half in both trades was GBPAUD. I closed that manually in both cases a few seconds after.

I replaced the date in the EA file name with V2.1.

I hope this helps.

Thanks.

Z
  • #2,854
  • Mar 2, 2011 11:27am Mar 2, 2011 11:27am
Quoting Zr-fx
Squalou

I have upgraded my live account to the latest EA. Unfortunately the issue with closing at $ profit has happened twice today....
S**t !

The log doesn't even mention the GBPAUD trade at all ???
It should at least say
" In full closure mode. Closing a GBPAUD BUY trade..." and then eventually throw out errors, but keep repeating until it succeeeds.

That means the GBPAUD trade is not even seen in the MT4 history!

Did it show both trades being opened properly, like this:

Ready to place orders...
Placing sell order at ...
open #60569353 sell ....
Placing buy order at ....
open #60569354 buy ....
Order entered into history in 0ms
Order entered into history in 0ms

?

They both should show up in the "comment" area as well -- which would mean they are both seen in the history at that point...

This is really getting irritating....

Unless my new closing code is still rubbish ?...

Sq
  • #2,855
  • Mar 2, 2011 11:47am Mar 2, 2011 11:47am
http://www.forexfactory.com/C:Usersm...ith gbpusd.png
Quoting s[IMG
file:///C:/Users/mukesh/Desktop/pair/problem%20with%20gbpusd.png[/IMG]qualou;4442215]S**t !

The log doesn't even mention the GBPAUD trade at all ???
It should at least say
" In full closure mode. Closing a GBPAUD BUY trade..." and then eventually throw out errors, but keep repeating until it succeeeds.

That means the GBPAUD trade is not even seen in the MT4 history!

Did it show both trades being opened properly, like this:

Ready to place orders...
Placing sell order at ...
open #60569353 sell ....
Placing buy order at ....
open #60569354 buy ....
Order entered into history in 0ms
Order entered into history in 0ms

?...
ok now this gonna be realy confusing coz today ea opened two trades in same pirs GBPAUD/GBPUSD........first time ea closed both pair at target $ but in second time ea closeed only GBPAUD and i closed manually GBPUSD after almost 5 minutes........so i guess some problem with GBPUSD..........waht you say SQ ? dont know how to upload pic but i have screenshot of that...........
  • #2,856
  • Mar 2, 2011 11:50am Mar 2, 2011 11:50am
Quoting squalou
S**t !

The log doesn't even mention the GBPAUD trade at all ???
It should at least say
" In full closure mode....
.
.
.
Did it show both trades being opened properly, like this:
Squalou

Both trades appear to be opened perfectly normally. Here are the log open remarks for both sets.

16:04:13 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: Ready to place orders. Stoch1 90.21 stoch24.49 Difference 85.72
16:04:13 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: Placing sell order at 1.28089000 for EURCHF
16:04:13 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: open #22166859 sell 0.10 EURCHF at 1.28081 ok
16:04:13 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: Placing buy order at 1.60493000 for GBPAUD
16:04:17 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: open #22166862 buy 0.10 GBPAUD at 1.60493 ok
16:04:17 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: Order entered into history in 0ms
16:04:17 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: Order entered into history in 0ms
:
:
:
16:05:17 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: Ready to place orders. Stoch1 97.24 stoch21.12 Difference 96.13
16:05:17 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: Placing sell order at 1.28208000 for EURCHF
16:05:19 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: open #22166978 sell 0.10 EURCHF at 1.28199 ok
16:05:19 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: Placing buy order at 1.60467000 for GBPAUD
16:05:25 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: open #22166993 buy 0.10 GBPAUD at 1.60467 ok
16:05:25 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: Order entered into history in 0ms
16:05:25 Stoch Diff 2 Pair EAsq V2.1 EURCHF,M5: Order entered into history in 0ms

The comment area shows the correct text for both. Attached is a snapshot of the closed trades from the Orders tab. My profit target is set to 15 and this shows in the attachment.

This could be one of those 'MT4 is crap' things but I don't know. It had happened on demo as well but much less than live. I think on live this has now happened 3 out 4 times the profit target was reached.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 53 KB
  • #2,857
  • Mar 2, 2011 1:39pm Mar 2, 2011 1:39pm
Quoting fortheex
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...
I use all the "Triples" hedged pairs. I use the Tradable Correlations 1.8 indicator to show me all the pairs that are correlated above 75%. I have the indicator set at 1440 to give me the Daily correlation values, and I set the input "ShowOnlyHedgedPairs"=true so it only displays the "triples". I also modified the indicator to remove the volatile pairs I do not trade (GBP/JPY, GBP/CHF, GBP/CAD).
If you would like the modified indicator, just let me know.

I posted a screenshot, showing how I have the indicators & EA charts setup.

.
Attached Image (click to enlarge)
Click to Enlarge Name: hedge-corr pairs.png Size: 276 KB
  • #2,858
  • Mar 2, 2011 1:47pm Mar 2, 2011 1:47pm
Quoting gekid83
hi squalou, what do you think about the implementation of a correlation filter in the EA?

i've posted a link of an EA that already have it, you can get ideas from that... http://dl.dropbox.com/u/620652/post_...dgeEA_v6.6.mq4
Yes, I agree. I think incorporating the correlation value into the EA would be fantastic. Currently I have to manually turn on/off the EA each time the correlation value goes above/below the limit. I have gotten into several bad trades overnight when the correlation value dropped below the limit but the EA still took the trade.

If the values from the "Tradable Correlations 1.8" indicator could be used that would be great. If I was a better coder, I would give it a shot.....
  • #2,859
  • Mar 2, 2011 1:51pm Mar 2, 2011 1:51pm
Quoting roundrock
i took sq ea and modified it to place another lot if the DD reaches a specified value and the sto diff is still above a specified value. so far results are good

this is how it works.

enter 0.1 lot at sto diff > 94
exit for this is either sto diff 20 or cash profit 15$
if DD of this reaches 10$, order another 0.1 lot at the current market price
exit for this add lot is either sto diff 20 or cash profit 25$

most of times i have seen a DD , even if we enter at sto 95. so adding another lot averages the cost and even if 2nd lot gives a small profit,...
Hi Roundrock. That was exactly how I was trading manually, prior to finding this thead (except I used 2 additional entries ) and it has worked great for me.

Good work! Can you please share your modified EA?

thanks
  • #2,860
  • Mar 2, 2011 2:39pm Mar 2, 2011 2:39pm
Quoting DojiMojo
Yes, I agree. I think incorporating the correlation value into the EA would be fantastic. Currently I have to manually turn on/off the EA each time the correlation value goes above/below the limit. I have gotten into several bad trades overnight when the correlation value dropped below the limit but the EA still took the trade.

If the values from the "Tradable Correlations 1.8" indicator could be used that would be great. If I was a better coder, I would give it a shot.....
yes, i think it's essential... if the correlation goes down and the EA start trading it could be very dangerous...
9 traders viewing now