Mr. Cash, are there certain situations where we should do the SSB instead of BBS? Or it doesn't really matter and we can always do the BBS? thanks
- #288
- Mar 11, 2011 6:27am Mar 11, 2011 6:27am
What I have seen from Spieler's Hedge thread long time back is that, Std. deviation of the third pair (gbpchf when gbpusd, usdchf an gbpchf are used) is used for direction finding, SSB or BBS. It could assist somewhat in choosing the initial direction. If Std. Dev is above 0.5 sell gbpchf and buy other two and vice versa.
Spieler's thread started with trading eurusd and usdchf with the help of eurchf deviation and later on traded only eurchf..So all three pairs were not used.
SwingMan's indicator used for std. dev. is attached. I only hope that...
- #293
- Edited 7:01am Mar 12, 2011 6:43am | Edited 7:01am
Good-day Cash4u2,
I don't think we need anymore proof to give that this strategy is high profitable with minimal risk.
Thank you cash and God Bless you.
I am glad to read, that the number of happy people is growing on this thread.
Anyway, we need a better Expert Advisor than those we had already.
I told you that I have contacted two coders, to help to create an EA, with which it is possible to trade both directions, bbs and ssb on a single basket (three pairs). The problem is the first one does not answer and the second one wanted money to code it, but did not tell me how much he/she wanted to code it and pulled the coding offer back.
So if there is any coder watching this thread, here is al the information you need to code an EA for "Three Pairs hHedging":
It should trade 3 pairs:
e.g. EURUSD - USDCHF - EURCHF buy-buy-sell (BBS) or sell-sell-buy (SSB)
(it should also be possible to enter other pairs and pairs with a suffix, like EURUSD.u or EURUSDjfx should be no problem)
The EA should allow autolotsize or fixed lots, with selectable options, percentage of account balance, equity or free margin.
EA should have a TP but needs no SL.
When the EA starts the first time trading, it is allowed to open BBS and SSB at the same time, when BBS_SSB = true.
As soon as BBS or SSB closes by hitting the TP, it should not open the same
trade again, until the still open trades have reached e.g. 20 pips profit => Restart = 20 pips.
Just to explain it better:
Let's say, we have a “TP = 40” pips and in this case BBS has already closed with
TP 20 and SSB is still open. Now when “Restart = 20”, the EA should wait until SSB has reached at least 20 pips profit, before it opens BBS again.
An internal magic number would be great, so that it can be used with other
pairs, without setting the magic number manually.
The EA should also have a selectable option, to activate or deactivate it.
This means, when EA is deactivated, it does not open any trades, but it
should still be able to control opened trades by EA, until the TP hits.
Thats how I would like to have the available options:
EA_activated = true or false
Orders = BBS or SSB (This means if, “BBS_SSB = false”, then EA should only trade BBS or SSB)
Pair1 = EURUSD (or EURUSD.u, EURUSDjfx, etc.)
Pair2 = USDCHF (or USDCHF.u, USDCHFjfx, etc.)
Pair3 = EURCHF (or EURCHF.u, EURCHFjfx, etc.)
BBS_SSB = true (which means, EA is allowed to open both directions on start)
MM = true ( for Autolotsize)
Fixed_lot = 0.1 (fixed lotsize for all pairs when MM is set to false)
Risk_from = 1=Balance 2=FreeMargin 3=Equity (see Risk-type below)
Risk_type = 1 (this means Risk from Balance, see Risk_from above)
Risk = 10 (which means 10 % of account balance because Risk_type is 1)
TP = 40 (pips)
Restart = 20 (restart new trade when open still orders are 20 pips in profit)
Tick_value = true (special calculation for different lotsizes, see below)
Slippage = 3
The Tick_value is a special feature.
When Tick_value is attached to the single charts of EURUSD – USDCHF – EURCHF, it will show the current tick value.
e.g.
EURUSD = 1.000 or 10.0000
USDCHF = 1.0802 or 10.8026
EURCHF = 1.0802 or 10.8026
As you can see, the tick value for USDCHF and EURCHF are the same and also higher than the EURUSD
So, when Tick_value = true, the lots would be, depending on account balance, 1.00 lots for USDCHF and EURCHF and 1.08 lots for EURUSD
Or 0.10 lots for USDCHF and EURCHF and 0.11 lots for EURUSD
Or just another example:
EURUSD = 1.000 or 10.0000
USDJPY = 1.2152 or 12.1521
EURJPY = 1.2152 or 12.1521
Here the lotsize for EUSUSD has to be about 22% (here 21,52%) higher.
So, lots would be, depending on account balance, 1.00 lots for USDJPY and EURJPY and 1.22 lots for EURUSD
Or 0.10 lots for for USDJPY and EURJPY and 0.12 lots for EURUSD
The Tick_value is always an about thing, and can not be used with the exact amount, espacially on the lower lotsizes.
When Tick_value is set to false, all three pairs should use the same lotsize.
The EA also should show the following informations on the attached chart:
==========================
Broker:
Account number:
Account owner:
EA_activated = true/false
MM = true/false
Risk_from = Balance/FreeMargin/Equity
Risk = 10
TP = 40
Restart = 20
the SSB pairs like:'
EURUSD – SELL - Ordernumber
USDCHF – SELL - Ordernumber
EURCHF – BUY – Ordernumber
Pips_SSB = Summary in pips of the SSB pairs
Profit_SSB = Summary in currency of the SSB pairs
And the BBS pairs like:
EURUSD – BUY - Ordernumber
USDCHF – BUY - Ordernumber
EURCHF – SELL – Ordernumber
Pips_BBS = Summary in pips of the BBS pairs
Profit_BBS = Summary in currency of the BBS pairs
===========================
I hope I explained it good enough.
Maybe it is even possible to integrate the Tick_value indicator directly into the EA.
EA should be able to work:
on MT4 and MT5 (maybe we need two EAs then)
on 4 and 5 digits accounts
with any suffix that some broker use
regards
cash4u2
