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Overlay Positive Hedging EA

  • #61
  • May 8, 2012 11:48am May 8, 2012 11:48am
Quoting blamshakk
trading for a few days so far...
Wow, see you've added some other pairs as well.. Didnt know the EA could do that. Looking really good bro!

Does the same EA trade off all 4 charts? Or do you have 2 instances running?

I'd like to give it a test on your settings if possible? Set files/s would be nice!
  • #62
  • May 8, 2012 11:52am May 8, 2012 11:52am
Quoting Dirtybrown
NOTE:i had a 12 hr. power outage yesterday on these results Yes I need to get my VPS up again. I have a good one. If anyone needs a good vps PM I'll tell you who I use.

I am glad to see drawdown has level itself off here since Sunday it has not changed much for me.

So My skepticism is slowly *very slowly* waning..
Glad to see ur back Dirtybrown! I'm having sum fun with ur EA here as you can see

Any progress on the possibility of backtesting this sucker?
  • #63
  • May 8, 2012 12:50pm May 8, 2012 12:50pm
Thanks yeah we had a huge storm come through and knock out a power pole. That's my sign yo get back to the vps even though I hate the cost.

Charvo is dilligently re-writing the extracted code and re-ordering it so it makes more sense.. so progress is being made. Stay tuned!

Quoting burningmunke
Glad to see ur back Dirtybrown! I'm having sum fun with ur EA here as you can see

Any progress on the possibility of backtesting this sucker?
Skype: heliosphan187
  • #64
  • May 8, 2012 1:02pm May 8, 2012 1:02pm
i reckon that 2 months forward testing should do the same work

let's just patiently run it for some days.

the EA is actually trading eurgbp.

if u compare your trading records, imagine that u enter/exit eurgbp at the same time with 1 lot (assuming 1 lot eur, 0.8 lt gbp). the profit would be same (approx. due to spread).

also, the 1 vs 0.8 is not for ADR ratio. essentially, it is just the price(against USD) of eur vs that of gbp. that is, 1.3x/1.6x = 0.81 = the price of eur against gbp.

Quoting burningmunke
Glad to see ur back Dirtybrown! I'm having sum fun with ur EA here as you can see

Any progress on the possibility of backtesting this sucker?
  • #65
  • May 8, 2012 1:02pm May 8, 2012 1:02pm
Quoting Dirtybrown
Thanks yeah we had a huge storm come through and knock out a power pole. That's my sign yo get back to the vps even though I hate the cost.

Charvo is dilligently re-writing the extracted code and re-ordering it so it makes more sense.. so progress is being made. Stay tuned!
Awesome mate! Thats great news!

And Chavro, if you're reading this - we're rooting for ya brov!

As for the VPS - ye, cant autotrade without one.. I'm not always close to my computer but its so easy to log onto my VPS from my iphone to check on things - couldnt live without that!
  • #66
  • May 8, 2012 1:09pm May 8, 2012 1:09pm
Quoting charvo
i reckon that 2 months forward testing should do the same work

let's just patiently run it for some days.

the EA is actually trading eurgbp.

if u compare your trading records, imagine that u enter/exit eurgbp at the same time with 1 lot (assuming 1 lot eur, 0.8 lt gbp). the profit would be same (approx. due to spread).

also, the 1 vs 0.8 is not for ADR ratio. essentially, it is just the price(against USD) of eur vs that of gbp. that is, 1.3x/1.6x = 0.81 = the price of eur against gbp.
Hey Charvo - pleased to meet you bro!

Anyhow, ye I reckon 2 months should do the trick. I am keen to throw it on one of my live accounts to test it out thou. But I want to risk the absolute minimum lots that this EA can effectively go. What would you say is the minimum lotsize we can go with this EA? Especially seeing as it opens 0.10, 0.08, 0.06 lots etc.

I was thinking to maybe exactly half that so it goes 0.05, 0.04, 0.03. You reckon that would work? If I'm going to trow this baby on a live account I want to risk bare minimum - just to test it out.
  • #67
  • May 8, 2012 1:32pm May 8, 2012 1:32pm
nice to meet you too!

0.05 vs 0.04 should be okay. don't use 0.04 vs 0.03, that's a little bit off the 0.80x price of eurgbp.

i strongly recommend u NOT to try it on LIVE yet because:

see the default setting:
a. TradeCouple1 = true
b. TradeCouple2 = false

this is actually "only short eurgbp" as the EA only sell eu and buy gu, now look at the eurgbp chart of last few days, you'll see it of coz makes money.

try set it this way
a. TradeCouple1 = true
b. TradeCouple2 = true

the EA will do both long and short, run demo a week, then decide if u really want it on LIVE.


Quoting burningmunke
Hey Charvo - pleased to meet you bro!
  • #68
  • May 8, 2012 1:42pm May 8, 2012 1:42pm
profit wise, it may be same as eur/gbp trade. But from a risk perspective, as long as you aren't overhedged one side of the trade will beat the other.

On my vps I will try to add trading for usdcad, matching it up with eur/gbp as mentioned in a previous post. This may fully take care of the open exposure.

Quoting charvo
i reckon that 2 months forward testing should do the same work

let's just patiently run it for some days.

the EA is actually trading eurgbp.

if u compare your trading records, imagine that u enter/exit eurgbp at the same time with 1 lot (assuming 1 lot eur, 0.8 lt gbp). the profit would be same (approx. due to spread).

also, the 1 vs 0.8 is not for ADR ratio. essentially, it is just the price(against USD) of eur vs that of gbp. that is, 1.3x/1.6x = 0.81 = the price of eur against gbp.
Skype: heliosphan187
  • #69
  • May 8, 2012 2:13pm May 8, 2012 2:13pm
Quoting charvo
i reckon that 2 months forward testing should do the same work

let's just patiently run it for some days.

the EA is actually trading eurgbp.

if u compare your trading records, imagine that u enter/exit eurgbp at the same time with 1 lot (assuming 1 lot eur, 0.8 lt gbp). the profit would be same (approx. due to spread).

also, the 1 vs 0.8 is not for ADR ratio. essentially, it is just the price(against USD) of eur vs that of gbp. that is, 1.3x/1.6x = 0.81 = the price of eur against gbp.
Ye ur right - I'll hold off from throwing it on a real account. Was merely to see if it takes trades the same way.. But, patience, in this game, can save you a lot of money lol!

Thanks for the advice mate..
  • #70
  • May 8, 2012 3:05pm May 8, 2012 3:05pm
Yeah no reason to rush into it until we understand it better. Everyone can help by trading it with partially correlated pairs from the mataf site. We are just starting the journey.


Quoting burningmunke
Ye ur right - I'll hold off from throwing it on a real account. Was merely to see if it takes trades the same way.. But, patience, in this game, can save you a lot of money lol!

Thanks for the advice mate..
Skype: heliosphan187
  • #71
  • May 8, 2012 3:37pm May 8, 2012 3:37pm
I don't want to press our luck, but... does anyone has any idea why this works so well?
  • #72
  • May 8, 2012 4:02pm May 8, 2012 4:02pm
sure you can trade it on other pairs, this is the originator thread for the ea have a read of the first few posts:

http://forums.babypips.com/free-fore...-strategy.html

to sum up, here are some correlated pairs:

EURUSD/GBPUSD
AUDJPY/CADJPY
AUDCHF/NZDCHF
EURJPY/GBPJPY


all you have to do to trade them is to type them in in the 'pairs' settings in EA inputs.

rest is essentially out of the box. choose a lot size to suit your risk. so on each demo i have two pairs, two charts running, making a total of four currency crosses. thats just my setup at the moment.

i will try your setup as well and report back, seems to have the least drawdown


Quoting burningmunke
Wow, see you've added some other pairs as well.. Didnt know the EA could do that. Looking really good bro!

Does the same EA trade off all 4 charts? Or do you have 2 instances running?

I'd like to give it a test on your settings if possible? Set files/s would be nice!
  • #73
  • May 8, 2012 4:08pm May 8, 2012 4:08pm
Study the differences of correlation on the chart using the indi i posted. When correlation starts to change is when this thing will profit.. since its an "always in system", great if it works most of the time.. and that seems to be the case.

Quoting marijan993
I don't want to press our luck, but... does anyone has any idea why this works so well?
Skype: heliosphan187
  • #74
  • May 8, 2012 4:51pm May 8, 2012 4:51pm
Quoting Dirtybrown
Study the differences of correlation on the chart using the indi i posted. When correlation starts to change is when this thing will profit.. since its an "always in system", great if it works most of the time.. and that seems to be the case.
Hi, Dirtybrown. I am familiar with correlation, but in my experience, this kind of trading (sort of a "hedging") often leads to a serious drawdown. Here it does not happen.
  • #75
  • May 8, 2012 5:07pm May 8, 2012 5:07pm
We are all just not used to seeing an EA that doesn't care which direction the market moves. Every trader's dream.

Quoting marijan993
Hi, Dirtybrown. I am familiar with correlation, but in my experience, this kind of trading (sort of a "hedging") often leads to a serious drawdown. Here it does not happen.
Skype: heliosphan187
  • #76
  • May 8, 2012 5:44pm May 8, 2012 5:44pm
not being offensive, but why do you say it is the "originator thread for the EA"?

the entry logic of babypips and here are completely different. only thing that's same is the pair choice.

this EA HAS NO entry condition, in other words, it JUST enters. plz correct me if i'm wrong.

Quoting blamshakk
sure you can trade it on other pairs, this is the originator thread for the ea have a read of the first few posts:

http://forums.babypips.com/free-fore...-strategy.html
  • #77
  • May 8, 2012 5:51pm May 8, 2012 5:51pm
Quoting Dirtybrown
We are all just not used to seeing an EA that doesn't care which direction the market moves. Every trader's dream.
It is only a matter of months before we become billionaires, quit our day jobs, give interviews in forbes and rolling stone, hanging out with the jet set and all that s*it.
  • #78
  • May 8, 2012 6:10pm May 8, 2012 6:10pm
Hi, do the settings differ if you have a 5 digit broker vs a 4 digit broker?
Shapeshift greed and catch em' off guard
  • #79
  • May 8, 2012 6:14pm May 8, 2012 6:14pm
Not sure, HF is 5.

Quoting Czaray
Hi, do the settings differ if you have a 5 digit broker vs a 4 digit broker?
Skype: heliosphan187
  • #80
  • May 9, 2012 12:53am May 9, 2012 12:53am
Quoting blamshakk
sure you can trade it on other pairs, this is the originator thread for the ea have a read of the first few posts:

http://forums.babypips.com/free-fore...-strategy.html

to sum up, here are some correlated pairs:

EURUSD/GBPUSD
AUDJPY/CADJPY
AUDCHF/NZDCHF
EURJPY/GBPJPY


all you have to [font=&quot]do to trade them is to type them in in the 'pairs' settings in EA inputs.

rest is essentially out of the box. choose a lot...
Hey bro!

Thanks for getting back to me on this! I'll give it a shot with the other pairs and see how it goes..

Only thing I reckon is that if we start using more pairs on the same account we'll start seeing more DD. Currently I'm getting almost 3% - but add 4 other pairs and it could go up to 20 % if every pair is in DD - well thats what happened to a guy in the babypips thread. He said his GU pair only ever went into max DD of 3% thou - so thats good to know!

Anyhow, I'm feeling hopeful for this EA - its producing sum great results so far, but we need to be careful not to get emotionally ahead of ourselves. Lots of Hedging EA's look great in the beginning of a backtest, but then a month down the line you hit 50%+ DD's or blows the account. This one does seem to have a nice edge thou - so like I said, I'm feeling hopeful.

We need to wait this out to see what happens.
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