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Rinse and Repeat. A hedge trading auto-trader by SteveHopwood

  • #61
  • Apr 7, 2011 8:42am Apr 7, 2011 8:42am
Quoting paulbt38
Just noticed my demo in work somehow ended up with just 1 GBPJPY trade. I have been getting occasional error alerts, I am presuming that the market moved too fast for the trade to be placed? I suppose this will be the problem with high volatile pairs. Anyway I have attached screenshot.
Yep The bot will keep hammering away until the trade is finally sent.

Update in post 1, adding a maximum trade level input, and cash profit to aim for at breakeven time, and trading hours.

The initial trade is L1, so the default allows an open trade and 5 hedges.

The breakeven profit calculation works by multiplying the CashProfitPerBreakEvenPip by the trade level.

Have fun.

  • #62
  • Apr 7, 2011 10:01am Apr 7, 2011 10:01am
Results for 3 hours........

Max Level 10 (Hedge 150%)
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: b.jpg Size: 64 KB
Click to Enlarge Name: c.jpg Size: 57 KB
  • #63
  • Apr 7, 2011 11:20am Apr 7, 2011 11:20am
Latest update in post 1

 

  1. I realised I had fuzzied the max levels thingy, and would have allowed double the levels set.
  2. added the HedgeTheHedgeAtLossPips so we can have different values for subsequent hedge-the-hedges after the first one is sent.
  3. removed a lot of superfluous code and associated inputs.

The BE profits thingy is making a substantial difference on my demos.

  • #64
  • Apr 7, 2011 11:58am Apr 7, 2011 11:58am
Quoting SteveHopwood
Latest update in post 1

 

  1. I realised I had fuzzied the max levels thingy, and would have allowed double the levels set.
  2. added the HedgeTheHedgeAtLossPips so we can have different values for subsequent hedge-the-hedges after the first one is sent.
  3. removed a lot of superfluous code and associated inputs.

The BE profits thingy is making a substantial difference on my demos.

Thank you for this Mr Hopwood,

While testing today I have noticed that when a hedge trade is sent and the original trade retraces beyond the entry price, the TS then operates once more. The result is that when the TS closes the trade it then leaves an orphan hedge trade.

This is probably one of those LUC thingies that you refer to.

Sincerely

Nicastro
  • #65
  • Apr 7, 2011 12:01pm Apr 7, 2011 12:01pm
Quoting Nicastro
Thank you for this Mr Hopwood,

While testing today I have noticed that when a hedge trade is sent and the original trade retraces beyond the entry price, the TS then operates once more. The result is that when the TS closes the trade it then leaves an orphan hedge trade.

This is probably one of those LUC thingies that you refer to.

Sincerely

Nicastro
Sure is. I am not going to do anything about it - doesn't seem to matter.

I found another couple of bloops in the code, so there is a new update in post 1.

  • #66
  • Apr 7, 2011 12:26pm Apr 7, 2011 12:26pm
Quoting SteveHopwood
Latest update in post 1

 

  1. I realised I had fuzzied the max levels thingy, and would have allowed double the levels set.
  2. added the HedgeTheHedgeAtLossPips so we can have different values for subsequent hedge-the-hedges after the first one is sent.
  3. removed a lot of superfluous code and associated inputs.

The BE profits thingy is making a substantial difference on my demos.

Thank you.

Just one question about Trading Time option. After the End Time, the EA still manages open trades and opens new hedging trades if necessary untill the BE is reached or it stops and doesn't open any new trade at all?

Thank you
  • #67
  • Apr 7, 2011 1:10pm Apr 7, 2011 1:10pm
Quoting Caillou
Thank you.

Just one question about Trading Time option. After the End Time, the EA still manages open trades and opens new hedging trades if necessary untill the BE is reached or it stops and doesn't open any new trade at all?

Thank you
Yes. It manages and hedges. Once the position has worked through and closed, it will not open a fresh position until the next trading start hour arrives.

  • #68
  • Apr 7, 2011 1:11pm Apr 7, 2011 1:11pm
Steve

I managed to get a back test going on the latest version. It seems no matter what setting I use for max level it keeps placing trades at higher levels. Using the default setting on GU since beginning of Jan this year it managed to hit 5.12 having started at 0.01.

Paul
  • #69
  • Apr 7, 2011 1:15pm Apr 7, 2011 1:15pm
Quoting paulbt38
Steve

I managed to get a back test going on the latest version. It seems no matter what setting I use for max level it keeps placing trades at higher levels. Using the default setting on GU since beginning of Jan this year it managed to hit 5.12 having started at 0.01.

Paul
Cheers Paul. I will look into this.

  • #70
  • Apr 7, 2011 1:16pm Apr 7, 2011 1:16pm
Quoting SteveHopwood
Yes. It manages and hedges. Once the position has worked through and closed, it will not open a fresh position until the next trading start hour arrives.

Perfect as always....,

Thank you
  • #71
  • Apr 7, 2011 2:09pm Apr 7, 2011 2:09pm
I have needed to re-think the max levels thingy; this called for a different logic.

To do so, I had to remove a lot of the hedge-the-hedge flexibility. L3+ hedging has to work off the normal hedging values. Sorry about that, but there is nothing I can do.

It occurred to me why some people cannot run backtests. There is a spread filter. Spread at the time is not part of historical data. Therefore, if current spread is > your max allowable spread, then backtesting will not happen.

Therefore, when backtesting set your max spread high.

Update in post 1.

  • #72
  • Apr 7, 2011 4:22pm Apr 7, 2011 4:22pm
Oops. I have just realised I have spent much of today baying at completely the wrong moon.

The solution to overtrading lies in the Forexkiwi filter in TOB. If margin level percent falls below x, then stop trading.

So easy.

Hey ho.

Not going to do anything about it now. I have spent most of today coding and have had a couple of drinkies; if I code now, anything might happen.

More tomorrow. In the meantime, what we already have is proving fun.

  • #73
  • Apr 8, 2011 1:23am Apr 8, 2011 1:23am
Here is a good example of the hedge-power on JPY. Excellent!
Attached Image (click to enlarge)
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  • #74
  • Apr 8, 2011 5:17am Apr 8, 2011 5:17am
Not exactly sure how I have neg points but positive money ???? Martingale Hedge????

Up a little over 2 % running .01 base lot on $5000 3 pairs running since inception

only 1 scary DD so far

Not bad
Set it and forget it
rinse and repeat
wonderful
ps made it through an other earthquake too!
Attached Image (click to enlarge)
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  • #75
  • Apr 8, 2011 6:04am Apr 8, 2011 6:04am
Latest update in post 1.

I have added ForexKiwi's margin check from TOB to take care of the problem of overtrading. The input is the same. I have set the default at 1500 because once our mp gets to that level, the next hedge-the-hedge is going to take it down low.

Still, play with it and find out what it has to be when combined with your fav trigger levels and lot sizes. You will find out pdq when it is too low.

  • #76
  • Apr 8, 2011 9:24am Apr 8, 2011 9:24am
I forgot to tell R&R not to make the margin checks when there are no trades open. This error stops the bot running when it has finished closing your most recent position.

Fix in post 1.

  • #77
  • Edited Apr 9, 2011 1:51am Apr 8, 2011 10:03am | Edited Apr 9, 2011 1:51am
Quoting SteveHopwood
I have needed to re-think the max levels thingy; this called for a different logic.

To do so, I had to remove a lot of the hedge-the-hedge flexibility. L3+ hedging has to work off the normal hedging values. Sorry about that, but there is nothing I can do.

It occurred to me why some people cannot run backtests. There is a spread filter. Spread at the time is not part of historical data. Therefore, if current spread is > your max allowable spread, then backtesting will not happen.

Therefore, when backtesting set your max spread high.

Update...
Dear Mr Hopwood,

Can we not get R&R to liquidate a user defined proportion of a L3 trade immedaitely after it is placed so that effectively, spread apart, we get a L3 trade at whatever percentage hedge we require.

Sincerely

Nicastro
  • #78
  • Apr 9, 2011 6:24am Apr 9, 2011 6:24am
Did anybody have problems with Alpari demo accounts yesterday, I went out for the day and when I returned last night the last candle on the screen was 08:00 Friday morning. It has updated this morning but with all the trade history lost.
  • #79
  • Apr 9, 2011 8:04am Apr 9, 2011 8:04am
Quoting plateman
Did anybody have problems with Alpari demo accounts yesterday, I went out for the day and when I returned last night the last candle on the screen was 08:00 Friday morning. It has updated this morning but with all the trade history lost.
My Alpari UK demo went disconnected at some point later on yesterday, and remained so until a few minutes ago. I haven't lost the history.

  • #80
  • Apr 9, 2011 8:09am Apr 9, 2011 8:09am
Quoting SteveHopwood
My Alpari UK demo went disconnected at some point later on yesterday, and remained so until a few minutes ago. I haven't lost the history.

Me too, no connection this morning in Alpari demo accounts, no problem with real accounts.......
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