I've had a bit of a "bathtime" moment re the Allow Lower Hedge BE Close feature, when a pair closes at BE, although they will be even in money terms, they will be UNeven in lot size terms and I'm wondering if this will affect the neutral hedging of the remaining trades, we'll see with the testing this week.
Rinse and Repeat. A hedge trading auto-trader by SteveHopwood
- #162
- Apr 17, 2011 5:51am Apr 17, 2011 5:51am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
I've had a bit of a "bathtime" moment re the Allow Lower Hedge BE Close feature, when a pair closes at BE, although they will be even in money terms, they will be UNeven in lot size terms and I'm wondering if this will affect the neutral hedging of the remaining trades, we'll see with the testing this week.
- #166
- Apr 18, 2011 12:06pm Apr 18, 2011 12:06pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Steve,
I have been testing Basket With Really Outstanding Balls.
It appears that because of take profit being set to 10, when +7 pairs are in profit the ea only close pairs that starts to be in 10 pip profit and does not close the pair which are in much larger profit already.
I thought brijon's idea was to close the biggest winning pair provided it is moe than 10 pips in profit when 7 pairs get into profit.
Hope the outstading balls can be fixed.
Indra
Did this closure leave some of the trades open?
It is also supposed to close the entire position when the basket upl reaches a user-chosen profit, to bank the pips and start again.
Did this closure leave some of the trades open?
- #171
- Apr 20, 2011 3:49am Apr 20, 2011 3:49am
This could be well worth trying, .......................
Would it be possible for you to dedicate some time to this further amendment to the R&R EA.
You will see further on in the thread that the idea meets Hired Whip's approval whose judgement ranks high amongst members of FF.
Sincerely
Nicastro
Dear Mr Hopwood,
Would it be possible for you to dedicate some time to this further amendment to the R&R EA.
You will see further on in the thread that the idea meets Hired Whip's approval whose judgement ranks high amongst members of FF.
Sincerely
Nicastro
If you do get around to some code bashing on this one, can you maybe also add an input to close a position at a set %loss of balance?
The idea being that for instance GJ closes at maybe 2% loss, GU 1% etc. This may not go anywhere .... we will see
Thanks
ps. Attached is the classic martingale 'death trade' just using the basic EA without the zero hedge. Trade closure is at margin call %
- #174
- Apr 23, 2011 6:02am Apr 23, 2011 6:02am
Hi Steve,
If you do get around to some code bashing on this one, can you maybe also add an input to close a position at a set %loss of balance?
The idea being that for instance GJ closes at maybe 2% loss, GU 1% etc. This may not go anywhere .... we will see
Thanks
ps. Attached is the classic martingale 'death trade' just using the basic EA without the zero hedge. Trade closure is at margin call %
As usual Macman's ideas are worthy of addition.
Since my last post on this thread it has occurred to me that R&R EA could be further enhanced. Rather than creating a perfectly neutral hedge, our 0.01 lot "Exposure Trade" can be determined by your favoured D1 RSI (20) indicator.
If at the time of entering the Exposure Trade the reading on the D1 RSI (20) is between 45-55 the Exposure Trade need only be 0.01 lot higher than the perfectly neutral hedge position as the expectation will be that in a ranging market the Exposure Trade will as anticipated swing us into a profitable closure.
If at the time of entering the Exposure Trade the reading is over 56 on the D1 RSI again the Exposure Trade need only be 0.01 lot higher than the perfectly neutral hedge position. We are then with the up trend that should help us to get to a profitable closure.
If at the time of entering the Exposure Trade the reading is under 44 on the D1 RSI again the Exposure Trade need only be 0.01 lot Lower than the perfectly neutral hedge position. We are then with the down trend that should help us to get to a profitable closure.
In this way, while we are away form the screen we have a small exposure to the market to reflect the market sentiment at that time. If the market proceeds on its course, the position will close at a small profit. If the market decides to change direction, we can then decide what to do to unravel the hedge manually. Nannigbob has kindly put up some suggestions on his V5 thread to help us.
I think the Exposure Trade needs to be a separate user defined input that comes into operation after MaximumTradelevels has passed and the market has moved, again by a user defined level, against the last hedge trade made. Each user can calculate and set these inputs to reflect their personal tolerance to risk.
By way of example, suppose R&R lot size is 0.05. Two trades. One closes at TS. The other trade, be it long or short, but let us assume in this instance that it is a short trade, attracts Hedging at 10 pips by 200% at Max Trade Levels at 2. The Hedge Trade is trade 2, which attracts a Buy of 0.1 lots.
If the user sets the Exposure Trade as coming into play after MaximumTrade Levels of 2, the Exposure Trade falls to be sent after the Hedge Trade has reversed by a user defined number of pips (say 6).
The user has inputted the Exposure Trade Size. In this case it would be 0.05. The D1 RSI (20) reading will determine whether the EA needs to add 0.01 lot to send a trade for 0.06 lots or deduct 0.01 lots and so send a trade for 0.04 lots. In this fashion we are with the market and reduced our exposure to the market to 0.01 lots.
In the meantime, the original trade, any hedge trades, and the exposure trade need to be managed together to close simultaneously at cash profit break even pips.
Sincerely
Nicastro
It is also supposed to close the entire position when the basket upl reaches a user-chosen profit, to bank the pips and start again.
Did this closure leave some of the trades open?
Perhaps you may consider running a simultaneous dummy 2 trades in the offline (virtual/ background) mode which will serve as our internal indicator. When a trend has been established say 10 pips, open a real trade in that direction.
Happy Easter to all,
Edd
"The Lord is risen, He is risen indeed"
- #176
- Apr 23, 2011 12:50pm Apr 23, 2011 12:50pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Hi Steve,
If you do get around to some code bashing on this one, can you maybe also add an input to close a position at a set %loss of balance?
The idea being that for instance GJ closes at maybe 2% loss, GU 1% etc. This may not go anywhere .... we will see
Thanks
ps. Attached is the classic martingale 'death trade' just using the basic EA without the zero hedge. Trade closure is at margin call %
I will return to this ea soon, but the idea that it has a long-term future is laughable. Once the demo hit margin call, I closed down the platform as I need the demo space. This removed it from the forefront of my consciousness.
Frankly guys, this ea is fun but only an idiot would consider it as useful for anything more than light entertainment.
- #177
- Apr 23, 2011 12:54pm Apr 23, 2011 12:54pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Dear Mr Hopwood,
As usual Macman's ideas are worthy of addition.
Since my last post on this thread it has occurred to me that R&R EA could be further enhanced. Rather than creating a perfectly neutral hedge, our 0.01 lot "Exposure Trade" can be determined by your favoured D1 RSI (20) indicator.
[color=black][font=Verdana]If at the time of entering the Exposure Trade the reading on the D1 RSI (20) is between 45-55 the...
Thanks anyway, but M will eventually kick in big time and kill the account just like it always does.
- #178
- Apr 23, 2011 12:57pm Apr 23, 2011 12:57pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Steve,
Perhaps you may consider running a simultaneous dummy 2 trades in the offline (virtual/ background) mode which will serve as our internal indicator. When a trend has been established say 10 pips, open a real trade in that direction.
Happy Easter to all,
Edd
"The Lord is risen, He is risen indeed"
- #179
- Edited 5:01am Apr 24, 2011 4:51am | Edited 5:01am
This is basically just mucking around with a fairly hopeless original idea so I am going to do nothing with it.
Thanks anyway, but M will eventually kick in big time and kill the account just like it always does.
With respect, Martingale will kill the account ONLY if it is allowed to operate uncontrolled.
That status was far away from my mind as effectively, there would be only 1 trade, 1 hedge trade, and a third and final balancing trade.
Under these circumstances, R&R is mathematically pure. 1 trade will lead to closure at TS. The other trade will freeze its position and reduce your exposure to the market to 0.01 lot.
Simply by doing nothing the market may take you out at a profit or BE. If not, manual intervention would be necessary.
Sincerely
Nicastro
