Overlay Positive Hedging EA | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Overlay in MetaTrader 23 replies

Overlay 2 replies

Futures and Forex charting package with overlay 0 replies

Overlay Indicators - I've seen this lots of times but..... 3 replies

Histogram Overlay 1 reply

Attachments: Overlay Positive Hedging EA
Exit Attachments

Overlay Positive Hedging EA

  • #121
  • May 10, 2012 10:03am May 10, 2012 10:03am
Good morning to all.
This is what I got with 2 days of trade.

sorry for my english.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #122
  • May 10, 2012 10:22am May 10, 2012 10:22am
I'm running this EA on a demo account since monday afternoon with the default settings on EURUSD/GBPUSD with 0.1 and 0.08 lots. The biggest floating loss I saw (I'm running the EA countinously, so there are times when I can't monitor it) was around -250 USD. The overall result till this moment is +530 USD profit and a floating -55 USD loss, but it will turn into profit sooner or later.
  • #123
  • May 10, 2012 10:27am May 10, 2012 10:27am
GLAD this is working good so far for you guys...looking at equity graphs, maybe the dips are DD, and only visible because you guys have only been trading for a few days-short time...another thing about gap size: if you open trades with only 10 pip gap, the spread eats a most of that, so that's why profit is much smaller there...my broker sometimes has spreads above 10 pips for both pairs combined, so that's why I go with 15 pips minimum....lookin good!
Too close for pips, switching to points.
  • #124
  • May 10, 2012 10:39am May 10, 2012 10:39am
do not be fooled by 2 or 3 days results

the default setting of the EA is simply "short EURGBP", and for past few days, EG has been kept dropping. that's why "crazy profit".

now, i quote myself again.

set
a. TradeCouple1 = true
b. TradeCouple2 = true

so that it is really trading both up and down of the market

and ONLY THIS WAY the result is the true performance of the EA.

not a surprise to me, my current gained profit is approx. = DD. profit comes from short eurgbp, and DD comes from long eurgbp. (i used eurgbp as 1 lot eurusd + 0.8 lot gbpusd on opposite direction = 1 lot eurgbp)

Quoting charvo
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
[i][b][size=3][color=red]b....
  • #125
  • May 10, 2012 10:43am May 10, 2012 10:43am
why is it worthy of looking at? original link?

the file you posted is NOT readable. only the .mq4 file is readable.

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
  • #126
  • May 10, 2012 11:14am May 10, 2012 11:14am
Is a hedge ea that seem to have interesting parameters built in...
The forum of the ea owner no longer exist

Quoting charvo
why is it worthy of looking at? original link?

the file you posted is NOT readable. only the .mq4 file is readable.
Attached File(s)
File Type: mq4 GroodgeEA_v1.16~.mq4   30 KB | 1,510 downloads
  • #127
  • May 10, 2012 11:26am May 10, 2012 11:26am
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...
Hey pipster - been running it since Monday and no, no losses. Not sure if you've seen my myfxbook link yet? The bot also opens and closes both trades at the same time - just as you said..

Here's my myfxbook if you havent checked it yet:

http://www.myfxbook.com/members/burn...9YVzwm9GkywxiO
  • #128
  • May 10, 2012 11:36am May 10, 2012 11:36am
thanks,

so hard to read this kind of cracked code......

but this EA looks much closer to what the 1st post describes, imho.

have you tested it before? if so, what's it like? maybe i'd try it a couple of days.....

Quoting chrys
Is a hedge ea that seem to have interesting parameters built in...
The forum of the ea owner no longer exist
  • #129
  • May 10, 2012 11:36am May 10, 2012 11:36am
Quoting chrys
Is a hedge ea that seem to have interesting parameters built in...
The forum of the ea owner no longer exist
Prompt “please enable all pairs on market watch window”
  • #130
  • May 10, 2012 12:51pm May 10, 2012 12:51pm
I start to run it today and after make first buy/sell orders on the 2 pairs is only make a buy stop grid for both pairs.
I dont know the rules of the ea or maibe what is needed to set propely on setting tab

Quoting charvo
thanks,

so hard to read this kind of cracked code......

but this EA looks much closer to what the 1st post describes, imho.

have you tested it before? if so, what's it like? maybe i'd try it a couple of days.....
  • #131
  • May 10, 2012 3:12pm May 10, 2012 3:12pm
nice myfxbook...trades look good there....when you changed the pips from 100 to 150, did you change your target, too? default is 80, right? So, maybe something just less than 150???

Good gap right now...
Too close for pips, switching to points.
  • #132
  • May 10, 2012 5:31pm May 10, 2012 5:31pm
Is this what we are trying to achieve chaps?

http://www.forexfactory.com/showthre...t=85097&page=8
  • #133
  • May 10, 2012 7:35pm May 10, 2012 7:35pm
This was with a 12 hr power outage monday so it should be a bit better than this. I have also followed pipster's recommendation to set the layer level to 150 as of just now.
Attached File(s)
File Type: pdf 5_10.pdf   304 KB | 758 downloads
Skype: heliosphan187
  • #134
  • May 10, 2012 8:47pm May 10, 2012 8:47pm
Great trades, dirty brown, and no actual losses! Now I'm going to break down some of those numbers, but don't feel like you need to change anything, OK? If I had this $10,000 in the account and I had tried and tested this EA, and had faith it would work, I would have the lots traded as 10 times the size that these were, so 0.8, instead of 0.08 lots...what this means is you just move the decimal over one place on each bottom line number, so this shows 40% profit, with 7.4% max drawdown, no actual losses, again....I know my manual strategy is a winner, but if this keeps this up, let's just say I recommend you make sure to pay your taxes...again I am not recommending you increase your lots or trade size, I just wanted to point out how powerful those numbers are!!!

My personal goal is 4% profit, consistently, every trading day, which will result in doubling account in 20 trading days, which turns $1000 into $10,000 in 60 trading days, which is less than 90 total days! This can be done with proper risk management, which this strategy lends a better edge to!
Too close for pips, switching to points.
  • #135
  • Edited 10:26pm May 10, 2012 9:32pm | Edited 10:26pm
I guess it just seems like the drawdown increases with profit. When trading manually, you should not be in a single pair trade for days correct? I'm just wondering what happens to the trades it opened on 5/4. You think these trades will eventually resolve just like the others for the most part?

Attached Image (click to enlarge)
Click to Enlarge Name: ov1.jpg Size: 184 KB


Quoting Thepipster
Great trades, dirty brown, and no actual losses! Now I'm going to break down some of those numbers, but don't feel like you need to change anything, OK? If I had this $10,000 in the account and I had tried and tested this EA, and had faith it would work, I would have the lots traded as 10 times the size that these were, so 0.8, instead of 0.08 lots...what this means is you just move the decimal over one place on each bottom line number, so this shows 40% profit, with 7.4% max drawdown, no actual losses, again....I know my manual strategy is a winner,...
Skype: heliosphan187
  • #136
  • May 10, 2012 9:43pm May 10, 2012 9:43pm
yeah, almost same thing as the babypips' thread

what do you think? will this work?

Quoting guess121
Is this what we are trying to achieve chaps?

http://www.forexfactory.com/showthre...t=85097&page=8
  • #137
  • May 11, 2012 12:51am May 11, 2012 12:51am
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.
I have 2 demo, one is FXCM and it loss, one is Hotforex and it have profit, they run and same time and have same setting, spread is important.
  • #138
  • May 11, 2012 3:52am May 11, 2012 3:52am
Quoting Dirtybrown
I guess it just seems like the drawdown increases with profit. When trading manually, you should not be in a single pair trade for days correct? I'm just wondering what happens to the trades it opened on 5/4. You think these trades will eventually resolve just like the others for the most part?

Attachment
Hi, Dirtybrown. Would you mind explaining how did you create this overlay with vitrie? When I use it, it applies on entire metatrader, not just on one window. Thanks.
  • #139
  • May 11, 2012 4:29am May 11, 2012 4:29am
You need two Instances of Metatrader from the same Broker
Look like this
Attached Image (click to enlarge)
Click to Enlarge Name: Overlay.jpg Size: 244 KB
  • #140
  • May 11, 2012 4:51am May 11, 2012 4:51am
Quoting Icemaan
You need two Instances of Metatrader from the same Broker
Look like this
Thanks
0 traders viewing now