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Overlay Positive Hedging EA

  • #81
  • May 9, 2012 5:35am May 9, 2012 5:35am
Ok EA has been running for nearly and week and I am up 10%, not too bad... and as we are short and paying spread twice, which is a bummer... and cause the EUR is in downward trend, we are seeing little DD and nice returns, am not 100% convinced with this EA yet, but we will see how this runs.
  • #82
  • May 9, 2012 5:38am May 9, 2012 5:38am
Has anyone closed all his/hers trades at the end of a trading day?
  • #83
  • May 9, 2012 5:45am May 9, 2012 5:45am
Quoting guess121
Ok EA has been running for nearly and week and I am up 10%, not too bad... and as we are short and paying spread twice, which is a bummer... and cause the EUR is in downward trend, we are seeing little DD and nice returns, am not 100% convinced with this EA yet, but we will see how this runs.
I also had a bit of DD today - 4.2%. But it seems to be recovering now. Went down to level 5. 4.2% is still very little for an EA thou... So we'll see what happens. Up over 7% since Monday, so not bad!

Also, if you're able to get part of your spread back as an IB with your broker this kind of trading can make you a lot of extra cash - so its not always a bad thing to pay spread twice. Especially if the EA still makes money... In that case anything above breakeven is good!

And no, I dont close trades at the end of the day. Made 2% while I slept last night so, not bad... Dont think rangebound markets like we normally have in Asia session affects this kind of trading much. So I personally dont see a reason to close the trades during Asia.
  • #84
  • May 9, 2012 6:10am May 9, 2012 6:10am
Well I have left it running 24/7 on a PC connected to the net, and I dont close any trades, I leave the EA to do it.

Quoting burningmunke
I also had a bit of DD today - 4.2%. But it seems to be recovering now. Went down to level 5. 4.2% is still very little for an EA thou... So we'll see what happens. Up over 7% since Monday, so not bad!

Also, if you're able to get part of your spread back as an IB with your broker this kind of trading can make you a lot of extra cash - so its not always a bad thing to pay spread twice. Especially if the EA still makes money... In that case anything above breakeven is good!

And no, I dont close trades at the end of the day. Made 2% while I slept...
  • #85
  • May 9, 2012 6:29am May 9, 2012 6:29am
Quoting burningmunke
I also had a bit of DD today - 4.2%. But it seems to be recovering now. Went down to level 5. 4.2% is still very little for an EA thou... So we'll see what happens. Up over 7% since Monday, so not bad!

Also, if you're able to get part of your spread back as an IB with your broker this kind of trading can make you a lot of extra cash - so its not always a bad thing to pay spread twice. Especially if the EA still makes money... In that case anything above breakeven is good!

And no, I dont close trades at the end of the day. Made 2% while...
Hi, Asian session is not the reason why I'm asking. I have read that you can't withdraw money from your account until all trades are closed. Also, broker does not use your capital for available margin, he uses your equity. Therefore, if you have booked some profits, but floating is negative, you are actually in a losing position. Am I making any sense here?
  • #86
  • May 9, 2012 6:41am May 9, 2012 6:41am
Quoting marijan993
Hi, Asian session is not the reason why I'm asking. I have read that you can't withdraw money from your account until all trades are closed. Also, broker does not use your capital for available margin, he uses your equity. Therefore, if you have booked some profits, but floating is negative, you are actually in a losing position. Am I making any sense here?
Ye totally - but If I'm in a position to withdraw from my account then I would close all trades for that period. I'll def close all trades every Friday at least in anticipation for the weekend - there's no way I'd leave those running. If ever I wanted to do a withdrawal I would just do it then...
  • #87
  • May 9, 2012 7:06am May 9, 2012 7:06am
Quoting burningmunke
Ye totally - but If I'm in a position to withdraw from my account then I would close all trades for that period. I'll def close all trades every Friday at least in anticipation for the weekend - there's no way I'd leave those running. If ever I wanted to do a withdrawal I would just do it then...
And what if the negative floating is higher than booked profit at Friday? As I've seen it in this thread on someones attachment, profit was around 170 $, and floating was negative -192 $. Today I've booked 26 $, and my current floating is negative 39 $. So it could all easily end up in a loss. That is why I asked awhile ago is this some sort of a grid trading.
  • #88
  • May 9, 2012 7:11am May 9, 2012 7:11am
Someone has said there are no conditions, this EA just takes trades... dangerous if true and I think that might be right... as I just watched the EA close out and trade and open up and new one straight after.... annoying!

Quoting marijan993
And what if the negative floating is higher than booked profit at Friday? As I've seen it in this thread on someones attachment, profit was around 170 $, and floating was negative -192 $. Today I've booked 26 $, and my current floating is negative 39 $. So it could all easily end up in a loss. That is why I asked awhile ago is this some sort of a grid trading.
  • #89
  • May 9, 2012 7:18am May 9, 2012 7:18am
The goal of the thread is to improve it, once we fully understand how it works of course. Maybe if the trades could be limited to only enter when there is a measurable correlation change. That may solve this over trading.. if indeed it is over trading.

Quoting guess121
Someone has said there are no conditions, this EA just takes trades... dangerous if true and I think that might be right... as I just watched the EA close out and trade and open up and new one straight after.... annoying!
Skype: heliosphan187
  • #90
  • May 9, 2012 7:28am May 9, 2012 7:28am
Quoting Dirtybrown
The goal of the thread is to improve it, once we fully understand how it works of course. Maybe if the trades could be limited to only enter when there is a measurable correlation change. That may solve this over trading.. if indeed it is over trading.
Maybe based on that correlation indicator you posted? Enter a trade only when readings are negative, say -0,5? Take no trade while it is above zero?
  • #91
  • May 9, 2012 9:41am May 9, 2012 9:41am
Yes, or with a chart overlay indicator there are many around. I'll post one later..


Quoting marijan993
Maybe based on that correlation indicator you posted? Enter a trade only when readings are negative, say -0,5? Take no trade while it is above zero?
Skype: heliosphan187
  • #92
  • May 9, 2012 9:57am May 9, 2012 9:57am
Quoting Dirtybrown
Yes, or with a chart overlay indicator there are many around. I'll post one later..
  • #93
  • May 9, 2012 1:07pm May 9, 2012 1:07pm
Quoting Dirtybrown
The goal of the thread is to improve it, once we fully understand how it works of course. Maybe if the trades could be limited to only enter when there is a measurable correlation change. That may solve this over trading.. if indeed it is over trading.
Please see the link below for the description on the working of EA. It is in post 26 and it is the only post in English in this thread.

http://www.forexisbiz.com/showthread...-Hedging/page3

Regards,

hnk
  • #94
  • May 9, 2012 4:44pm May 9, 2012 4:44pm
Excellent, thanks a lot for posting this. I had found the ex4 on a different forum. I have updated post 1 with this description, much better than the last one full of malay terms

For anyone wanting to read the forum in english, google chrome has an automatic translator -> https://www.google.com/chrome

Quoting hnk
Please see the link below for the description on the working of EA. It is in post 26 and it is the only post in English in this thread.

http://www.forexisbiz.com/showthread...-Hedging/page3

Regards,

hnk
Skype: heliosphan187
  • #95
  • May 9, 2012 5:02pm May 9, 2012 5:02pm
Quoting Dirtybrown
Yes, or with a chart overlay indicator there are many around. I'll post one later..
What about those indicators?
  • #96
  • May 9, 2012 5:05pm May 9, 2012 5:05pm
The EA does not work as stated.

Quoting hnk
Please see the link below for the description on the working of EA. It is in post 26 and it is the only post in English in this thread.

http://www.forexisbiz.com/showthread...-Hedging/page3

Regards,

hnk
  • #97
  • May 9, 2012 6:09pm May 9, 2012 6:09pm
see here http://www.forexfactory.com/showthread.php?t=158161


Quoting marijan993
What about those indicators?
Skype: heliosphan187
  • #98
  • May 9, 2012 7:11pm May 9, 2012 7:11pm
Sitting on 11% now with a max DD of just over 5%.. I noticed that with my settings the EA only ever takes 0.1 lot orders and doesnt scale down to 0.08, 0.06 etc. And I'm getting pretty good results so far... Go check my history and you'll see..

Benefit of that is that I can set a fixed lot size of say 0.05 and effectively lower my DD by half, or even less.. Obliviously gains would be less thou...

Have a look:

http://www.myfxbook.com/members/burn...9YVzwm9GkywxiO
  • #99
  • May 9, 2012 7:21pm May 9, 2012 7:21pm
This is the author's premise:

When the pairs are moving contrary, the number of pips of movement to the contrary is called the gap. We can enter the market when the gap for the movement in the opposite direction between the GU and the EU is significantly bigger (minimum recommended gap is 100 pips). Let say at the time the 100 pip gap is occurred, trend of GU is up and trend of EU is down, then we are advised to enter the market by selling GU and buying EU simultaneously (if movement of GU is downtrend and oppositely the movement of EU is uptrend, we will buy GU and sell EU).

Looking through the code, I don't see any statistical correlation being calculated at all. So its probably just looking at pip values to determine the mentioned "100 pip gap". If you could actually trigger the EA at a certain delta of real, statistically calculated correlation over the last X bars...could help this work as intended.

On my recent journeys into statistical packages, I've learned some things about the complexities of calculating true correlation. To do it for real, there are some tests that have to be done to prove it statistically significant. Don't see how this can be done in metatrader, something like R or Matlab does it though. 7bit has a Metatrader to R python interface that could be used for this purpose.

For now though, may be best to simply use the MT indi I posted. Let's figure out a correlation difference/delta that the EA will always check before trading.

Just my 2 cents, open to other suggestions on limiting trading. IMO it's making way too many trades and needs to be limited in some manner.
Another Suggestion

Wel all know the euro is in huge turmoil and will probably go down against USD for a while. With that said, I think this system will work better on some non-USD cross pairs. Problem there is spreads, but I think any situation that gets you stuck long eurusd will end up bad.

Quoting guess121
The EA does not work as stated.
Skype: heliosphan187
  • #100
  • May 9, 2012 8:18pm May 9, 2012 8:18pm
Hey guys! I have been manually trading correlation with good success...I use the method employed by the thread starter on the baby pips named kelton, I make 2.5-3% a day...we don't use indicators, we just superimpose two charts which are 1 Min TF zoomed all the way out, with the top chart semi transparent, using Vitrite (free), so both pairs are visible. This gives true real time correlation, which no indicator can give, because they can never resolve the rescaling problem. Anyway, this EA looks promising, if can sense true correlation, by just seeing the pixel count difference between two identical charts...if it doesn't, it may not be as reliable...now, about DD...as long as you set this up where it has, say 5 max baskets (two currency pairs is a basket, one sold, one bought) and the total lots in trade allow 500 pips to move against them, you'll be just fine. This general idea requires some patience, but the gap will ALWAYS close, so it is possible to have no losses (besides the losing hedged pair, of course that's on almost every trade) with this in mind, I have found the 1min TF the best, because the trades are open the shortest, so the gap won't have a chance to get really big, which if it did, it would be like trading on daily TF...this won't happen on 1 min TF, also the entry points are better using 15 pip gap (first layer), 30 pip gap (second layer) 45 pip gap (third layer), and 60 pip gap (fourth layer)...you will rarely see any gap above this on 1 min TF, so these entry points have given me best balance on profit, number of trades, and DD. Again on 1 min TF, you don't need to think about a SL, gap always closes, and if 6 hours is too long for you, winning the lottery won't even make you happy. I would like an EA, because I miss a lot of trades while I'm asleep.

Also, when it says EA opens trades every 100 pip gap, that must mean 10 pips, right? Maybe because of 5 digit broker, also 0.1 lot is $1, not $0.10.
Too close for pips, switching to points.
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