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Overlay Positive Hedging EA

  • #101
  • Edited 9:47pm May 9, 2012 9:36pm | Edited 9:47pm
Thanks for finding this thread pipster, your input is extremely valueable. All I can say is that it's a truly ingenius method to see the overlay. There
s a java based program called Pro Realtime that does good overlays, but its overpriced.

This software works perfectly outside of metatrader to make it transparent. Here is my chart, this is the gap right?

Attached Image (click to enlarge)
Click to Enlarge Name: eg_overlay.jpg Size: 197 KB


hERE IS THE APP: http://www.vanmiddlesworth.org/vitrite/

Quoting Thepipster
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...
Skype: heliosphan187
  • #102
  • May 10, 2012 5:00am May 10, 2012 5:00am
Quoting Dirtybrown
Thanks for finding this thread pipster, your input is extremely valueable. All I can say is that it's a truly ingenius method to see the overlay. There
s a java based program called Pro Realtime that does good overlays, but its overpriced.

This software works perfectly outside of metatrader to make it transparent. Here is my chart, this is the gap right?

Attachment

hERE IS THE APP: http://www.vanmiddlesworth.org/vitrite/
Agreed mate! Your input is highly appreciated ThePipster! Its def answered some of my questions..

Please feel free to share more! We'd love to improve this in any way we can..
  • #103
  • May 10, 2012 6:01am May 10, 2012 6:01am
How do I create this overlay with Vitrite? Could someone help me, please?
  • #104
  • May 10, 2012 6:27am May 10, 2012 6:27am
after install, hold down ctrl - shift 5 with the window you want to be made transparent active. This will make the active window see through.

What interesting is you can do the same for the browser. So right now as i type this, i can see price action through the words. pretty neat.

Quoting marijan993
How do I create this overlay with Vitrite? Could someone help me, please?
Skype: heliosphan187
  • #105
  • May 10, 2012 6:35am May 10, 2012 6:35am
Quoting Dirtybrown
after install, hold down ctrl - shift 5 with the window you want to be made transparent active. This will make the active window see through.

What interesting is you can do the same for the browser. So right now as i type this, i can see price action through the words. pretty neat.
Thanks, man. And how do I deactivate it?
  • #106
  • May 10, 2012 6:37am May 10, 2012 6:37am
Quoting marijan993
Thanks, man. And how do I deactivate it?
Nevermind, got it.
  • #107
  • May 10, 2012 6:55am May 10, 2012 6:55am
Quoting Thepipster
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...
I've gone ahead and set my basket (layering distance) on the EA to 150 instead of 100 as per your recommendation. I'm sure this would help with DD. Again, DD hasnt even crossed 10% on my account yet and I'm up 12% already.
  • #108
  • May 10, 2012 6:58am May 10, 2012 6:58am
Quoting burningmunke
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
Your fxbook looks great! May I ask which settings and which pair(s) you're trading? I ran this for two days with default settings and had nothing but losses. I'm running it on an FXCM demo.
  • #109
  • May 10, 2012 7:06am May 10, 2012 7:06am
Quoting gilab
Your fxbook looks great! May I ask which settings and which pair(s) you're trading? I ran this for two days with default settings and had nothing but losses. I'm running it on an FXCM demo.
Sure mate, please see the set file attached.

Running it on the GU chart on 1m TF.

I just changed my layering distance to 150 a few minutes ago tho - that change isnt in the set file. Want to test it to see how that pans out..

Oh, my broker is Pepperstone.

Attached File(s)
File Type: zip oph set.zip   < 1 KB | 690 downloads
  • #110
  • May 10, 2012 7:12am May 10, 2012 7:12am
Hi Folk,

I have find this interesting hedge ea built in 2008,that use correlation,gap,dynamic layers and other parameters.
I ask to some programmer to read the code and let us to undestand how is work and let start to test on yours pc and vps.
Thnk's
Attached File(s)
File Type: ex4 GroodgeEA_v1.16.ex4   36 KB | 1,371 downloads
  • #111
  • May 10, 2012 7:37am May 10, 2012 7:37am
at this moment, ea has booked 85 pips and floating +32 pips. If it would only continue this way
  • #112
  • May 10, 2012 7:39am May 10, 2012 7:39am
Quoting marijan993
at this moment, ea has booked 85 pips and floating +32 pips. If it would only continue this way
Ye, Im also so happy with it so far! Its performing awesomely

so far...
  • #113
  • May 10, 2012 8:18am May 10, 2012 8:18am
Personally i stop the ea because after 4 days with out close the trades i had the floating loss double of the equity profit so for me have no reason for go on.
Quoting marijan993
at this moment, ea has booked 85 pips and floating +32 pips. If it would only continue this way
  • #114
  • May 10, 2012 8:48am May 10, 2012 8:48am
Quoting chrys
Personally i stop the ea because after 4 days with out close the trades i had the floating loss double of the equity profit so for me have no reason for go on.
Hmmm.... well, my results are only todays trading.
  • #115
  • May 10, 2012 9:12am May 10, 2012 9:12am
You do not need to do that, you need the chart overlay, does the same thing.

you can find it here on FF.

Quoting Dirtybrown
Thanks for finding this thread pipster, your input is extremely valueable. All I can say is that it's a truly ingenius method to see the overlay. There
s a java based program called Pro Realtime that does good overlays, but its overpriced.

This software works perfectly outside of metatrader to make it transparent. Here is my chart, this is the gap right?

Attachment

hERE IS THE APP: http://www.vanmiddlesworth.org/vitrite/
  • #116
  • May 10, 2012 9:14am May 10, 2012 9:14am
Dont mean to be rude... but read from the link provided, very simple and clever!

Quoting marijan993
How do I create this overlay with Vitrite? Could someone help me, please?
  • #117
  • Edited 9:34am May 10, 2012 9:16am | Edited 9:34am
4 brokerage account set up?The set is not successful. Automated Trading is unable to work
  • #118
  • May 10, 2012 9:23am May 10, 2012 9:23am
If you compare any overlay indicator to just using two charts, with the top semi-transparent, using Vitrite, you'll see they are different...only seeing the real charts is accurate. Dirtybrown, you're getting the idea, your chart looks good, yes we are trading knowing that the gap will close. Keep it up with the EA! I'm very curious to see difference since you changed layers to 15 pip gaps, burningmunke, and congrats, marijan993!

also, quick question...have you guys had actual losses since using this EA? the equity graph should be pretty much straight line, it shouldn't be closing any trades at a loss...also a good way to know if EA is working if is it opens both pairs that it is trading at the same time, and then closes them at the same time, when TP is hit.
Too close for pips, switching to points.
  • #119
  • May 10, 2012 9:38am May 10, 2012 9:38am
Quoting chrys
Hi Folk,

I have find this interesting hedge ea built in 2008,that use correlation,gap,dynamic layers and other parameters.
I ask to some programmer to read the code and let us to undestand how is work and let start to test on yours pc and vps.
Thnk's
Where did you get this from?
that's crazy!¡?¿!¡
  • #120
  • May 10, 2012 9:40am May 10, 2012 9:40am
Quoting Thepipster
If you compare any overlay indicator to just using two charts, with the top semi-transparent, using Vitrite, you'll see they are different...only seeing the real charts is accurate. Dirtybrown, you're getting the idea, your chart looks good, yes we are trading knowing that the gap will close. Keep it up with the EA! I'm very curious to see difference since you changed layers to 15 pip gaps, burningmunke, and congrats, marijan993!

also, quick question...have you guys had actual losses since using this EA? the equity graph should be pretty much...
Hi, pipster and thank you. No, I don't have any loss, but I traded this only today. Here is my statement for today. Please disregard first two trades, they were done manually, I tested something else.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
Attached File(s)
File Type: rar DetailedStatement.rar   3 KB | 686 downloads
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