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Overlay Positive Hedging EA

  • #161
  • May 11, 2012 1:18pm May 11, 2012 1:18pm
so you have trades a couple days old, dirtybrown? just today I just closed a trade that started at 11:00am CST, the one I posted a bit about, with 14 pip profit, including spread taken away, closed at 1:10pm CST.
Too close for pips, switching to points.
  • #162
  • May 11, 2012 2:35pm May 11, 2012 2:35pm
I took the decoded MQ4 and went through my methodical conversion to meaningful code. HAS NOT BEEN TESTED.

I am currently trying to figure out the code. What I do see is that there is no attemp to look for a GAP to instigate a start of the first level or any level.

SoOOO - if there are programmers out there who can take a look that would be great. I could not help myself, so I cleaned up the code to use an order retry selected by user. Have also added a reporting mechanism for error situations that are time stamped.

If you are not a programmer, please do not clutter the thread with unuseful questions that I won't answer.

I gave credit for derviative code in the mq4 file.

KingHigh
Attached File(s)
File Type: mq4 KH Overlay Positive Hedging v1.mq4   27 KB | 999 downloads
  • #163
  • May 11, 2012 2:52pm May 11, 2012 2:52pm
Here is a pic of two indicators that I wrote to display and overlay of two pairs. What I do is look at the last N bars and shift both pairs to oscillate about 0. The first shows an unsmoothed overlay and and the second show a smoothed overlay. The last chart displays the overlay differences and a predicted level to Buy/Sell - the green dashed lines.

BTW - The Blue and Light Blue lines show the EURCHF overlay.

Any thoughts on these.
Attached Image (click to enlarge)
Click to Enlarge Name: hedge pic.gif Size: 27 KB
  • #164
  • May 11, 2012 3:34pm May 11, 2012 3:34pm
Hi, KH:

i've gone thru the code (original one) a few times. i feel it is just doing these:
1. enter the market when there is no position (both long and short, if set both trade groups = true);
2. if bid/ask moves against the last position and reach 100 pips (10 pips for 5-digit broker) from the last position's entry price, add another position;
3. do the crap in 2nd step repeated for 4 times (by default 5 layers).

since the default setting is "short eu buy gu" (same as short eurgbp), and this past weeks happened to be EG diving. therefore many testers have got encouraging results......and still excited......

to fulfil the 1st post or babypips' thread method, we need to find a way to code the EA to reflect the GAP, (or widening spread, or divergence, or two pairs go against each other........)

my own idea is, for example, use default setting, so only look for eurgbp short:

i wish EU goes higher, and GU goes lower or flat; or
i wish EU goes flat, and GU goes lower;

then the EA code can go this way:
if EU ask/bid > 5 MA for 10 pips, AND EU's 5 MA pointing up,
AND GU ask/bid < 5 MA for 10 pips, AND GU's 5 MA pointing down;
there should be a GAP now! and the EA should enter short EU long GU (or short EG).

this logic is NOT hard to add in the EA, but there is an obvious problem preventing me from doing it:

when a trader watches an overlay chart, even when EU is far under GU, the logic/condition I described above may still be likely to happen. And selling EU buying GU is very likely a wrong move when EU is far under GU.

anyway, i've been wondering how to reflect this "gap" thing into the coding for quite a few days. maybe another longer MA? ......wish someone can shed a light......

good weekend...



Quoting KingHigh
I took the decoded MQ4 and went through my methodical conversion to meaningful code. HAS NOT BEEN TESTED.

I gave credit for derviative code in the mq4 file.

KingHigh
  • #165
  • May 11, 2012 3:59pm May 11, 2012 3:59pm
Quoting KingHigh
Here is a pic of two indicators that I wrote to display and overlay of two pairs. What I do is look at the last N bars and shift both pairs to oscillate about 0. The first shows an unsmoothed overlay and and the second show a smoothed overlay. The last chart displays the overlay differences and a predicted level to Buy/Sell - the green dashed lines.

BTW - The Blue and Light Blue lines show the EURCHF overlay.

Any thoughts on these.
Would you mind sharing these indicators? It is difficult to tell just by looking at the picture. Also, I think they should be applied on positively correlated pairs.
  • #166
  • May 11, 2012 4:41pm May 11, 2012 4:41pm
-CHARVO
It does seem very difficult to translate true correlation into code, but this EA sort of is on to something...I was brainstorming about this a while back...thinking that if at any given time, if I opened opposite trades on a demo account with EU and GU pairs, then when the separated, I could see the gap in P/L on demo...then when it reached a certain point, I could enter on real account...this could be used for reference, sort of like the EA opens it's first trade, the problem is, it needs to open that first trade only when the pairs are touching on 1min TF...maybe starting the EA while they are touching would be successful? It should then close the NEXT trade in profit, and back at "ground zero"....someone should try this next week, demo of course...also if we used the EA this way, then program the first "tester" trade to open with smallest possible lot size, then the real trades at the layers with the desired lot size. What do you guys think?
Too close for pips, switching to points.
  • #167
  • May 11, 2012 5:51pm May 11, 2012 5:51pm
wow, you shed a lot of lights on my head

your idea is very creative(but not alone), the "test" trades may be easily coded as phantom trades, though it might sound hard. let me try your way coding this weekend. thanks

as to the starting point, maybe i'll use eurgbp when its momentum is very low as eurusd touches gbpusd.

Quoting Thepipster
-CHARVO
It does seem very difficult to translate true correlation into code, but this EA sort of is on to something...I was brainstorming about this a while back...
  • #168
  • May 11, 2012 5:55pm May 11, 2012 5:55pm
AWESOME THANK YOU!! The thread is indebted to you KingHigh for re-writing this code to be more meaningful. Now people like me who aren't MQL virtuoso's can start to tinker with the code...and maybe even more importantly, get it to work the the custom multiple pair backtester here -> http://articles.mql4.com/445

I will take a stab at getting the EA to work with the backtester this weekend.
Posting the KingHigh translation to post #1.

Kinghigh, once again we are indebted.

So I'm working on some code, as is Charvo. Amazing what teamwork can do for us all.

Quoting KingHigh
I took the decoded MQ4 and went through my methodical conversion to meaningful code. HAS NOT BEEN TESTED.

I am currently trying to figure out the code. What I do see is that there is no attemp to look for a GAP to instigate a start of the first level or any level.

SoOOO - if there are programmers out there who can take a look that would be great. I could not help myself, so I cleaned up the code to use an order retry selected by user. Have also added a reporting mechanism for error situations that are time stamped.

If you are not a...
Skype: heliosphan187
  • #169
  • May 12, 2012 12:14am May 12, 2012 12:14am
Another approach I thought about for multi-pair backtesting is well... Metatrader 5

Yes, the script is in mql4. I was able to run a conversion process to convert the code the mql5. Unfortunately, after resolving several errors I gave up.. it would not compile giving over 100 errors. If anyone out there is interested in the approach, this describes how scripts in mt4 can be used to parse mql4 source to mql5... though it may be very imperfect syntax.

http://metatrader5.blogspot.com/2009...-5-script.html
Skype: heliosphan187
  • #170
  • May 12, 2012 4:22am May 12, 2012 4:22am
Quoting Dirtybrown
Another approach I thought about for multi-pair backtesting is well... Metatrader 5

Yes, the script is in mql4. I was able to run a conversion process to convert the code the mql5. Unfortunately, after resolving several errors I gave up.. it would not compile giving over 100 errors. If anyone out there is interested in the approach, this describes how scripts in mt4 can be used to parse mql4 source to mql5... though it may be very imperfect syntax.

http://metatrader5.blogspot.com/2009...-5-script.html
I've translated the original overlay EA into MT5, but the logic doesn't work under MT5 as it is
The problem is that there is always only ONE open position for any instrument at any given time
if you open a position at 1.30 and add another at 1.2990 the MT5 result will be a single position with an average of 1.2995 and that's causing a problem with the layers
secondly there is no long/short in one pair at the same time with MT5

The .mq5 goes to MQL5/experts
The .mqh goes to MQL5/include
Attached File(s)
File Type: mq5 Overlay Positive Hedge_MT5.mq5   30 KB | 738 downloads
File Type: mqh MT4.mqh   7 KB | 634 downloads
  • #171
  • May 12, 2012 6:37am May 12, 2012 6:37am
Only for your back testing purposes, if you can code the EA to open the actual trade in EG as single pair directional trade, using "phantom trading" for the trades it does currently, in other words, phantomize the current trades it does, while adding some code for it to trade the EG only at the layer levels at the same time, with of course the appropriate direction, I.e., selling the EG when The EA would be selling the EU,buying GU, then closing the EG when it closes the other trades, with no regard for EG pip move,(it wouldn't be necessary) this will give an accurate indication, may not have same $$$ amount, but graph curve will appear the same shape. I. Could say other things about the EG, but better keep it simple, and on topic.
Too close for pips, switching to points.
  • #172
  • May 12, 2012 8:25am May 12, 2012 8:25am
I have runned this on for 2 days, around 30 hours i suppose. with the default setting but initially seeing red? but i have tried altering the settings and it started earning again. and my broker is go markets.

and im delighted to see the results,
starting funds: 5000
Profit : 512.34
Loss: 89.23

I am still trying to improvise the settings and also apply it on other pairs.

I will post my settings probably after a few days of testing it.
Hope that it will help with the development.
  • #173
  • May 12, 2012 8:53am May 12, 2012 8:53am
Well thanks for the concerted effort on this. My intention in trying to convert to mq5 was to be able to use the multi pair backtester. You are right, as I read more about mq5 and their FIFO limits. total BS.

Maybe someone can find it useful.

Quoting iwjw
I've translated the original overlay EA into MT5, but the logic doesn't work under MT5 as it is
The problem is that there is always only ONE open position for any instrument at any given time
if you open a position at 1.30 and add another at 1.2990 the MT5 result will be a single position with an average of 1.2995 and that's causing a problem with the layers
secondly there is no long/short in one pair at the same time with MT5

The .mq5 goes to MQL5/experts
The .mqh goes to MQL5/include
Skype: heliosphan187
  • #174
  • May 12, 2012 8:55am May 12, 2012 8:55am
Hi, did you close out your open positions and this was the result?

Quoting ethanzz
I have runned this on for 2 days, around 30 hours i suppose. with the default setting but initially seeing red? but i have tried altering the settings and it started earning again. and my broker is go markets.

and im delighted to see the results,
starting funds: 5000
Profit : 512.34
Loss: 89.23

I am still trying to improvise the settings and also apply it on other pairs.

I will post my settings probably after a few days of testing it.
Hope that it will help with the development.
Skype: heliosphan187
  • #175
  • May 12, 2012 9:12am May 12, 2012 9:12am
Yeah I closed all my positions before the market closed.

what do you think about it?
well i have to admit in the middle of testing i did alter the lots of pip and stuff. thats why i dont want to post it here after confirming everything that is profitable.

keen for another set of settings?
  • #176
  • May 12, 2012 9:14am May 12, 2012 9:14am
Interesting... cause in my mind one scenario for limiting this thing is closing out trades at some point... while hopefully not eating away all booked profits. Keep us updated we will be very interested to see your settings, as most of us are using the recommendations from Paulss so far.

Quoting ethanzz
Yeah I closed all my positions before the market closed.

what do you think about it?
well i have to admit in the middle of testing i did alter the lots of pip and stuff. thats why i dont want to post it here after confirming everything that is profitable.

keen for another set of settings?
Skype: heliosphan187
  • #177
  • May 12, 2012 9:55am May 12, 2012 9:55am
I saw from the babypips thread someone trading EG based on EU / GU, this can definately work. Food for thought, perhaps over the coming days someone can pick upon this and code a simple EA. I need to fish through the babypips thread and find the EA you mentioned. Thanks again for the info.

Quoting Thepipster
Only for your back testing purposes, if you can code the EA to open the actual trade in EG as single pair directional trade, using "phantom trading" for the trades it does currently, in other words, phantomize the current trades it does, while adding some code for it to trade the EG only at the layer levels at the same time, with of course the appropriate direction, I.e., selling the EG when The EA would be selling the EU,buying GU, then closing the EG when it closes the other trades, with no regard for EG pip move,(it wouldn't be necessary) this...
Skype: heliosphan187
  • #178
  • May 12, 2012 10:35am May 12, 2012 10:35am
Quoting Dirtybrown
I saw from the babypips thread someone trading EG based on EU / GU, this can definately work. Food for thought, perhaps over the coming days someone can pick upon this and code a simple EA. I need to fish through the babypips thread and find the EA you mentioned. Thanks again for the info.
DB,

If you download a Sigtrader MT4, you will find that they have currency strength charts - EURLFX, USDLFX, GBPLFX. You can use what ever indicators you want to determine how to trade EG.

KingHigh
  • #179
  • May 12, 2012 4:21pm May 12, 2012 4:21pm
Okay, please read this post carefully, as I have dug into everybody's results and comments and am summarizing and then asking questions...
Dirty brown, on your first account detail post on this EA, it shows trades going both ways, buying EU, selling GU, AND...selling EU while buying GU, which is different than the other account detail posts and different than what Charvo was saying about the EA only selling EU, buying GU...and the results on that account summery as well as Paulss's first two days were incredibly good, and I mean unbelievable! Then on your last account summery you posted, closed trades profits were good, but there are some WEIRD open trades, looks like some where only single sell EU pair trades, which didn't appear to have their GU partner opened with them...also the account summery is difficult to digest because the order of the trades listed seem out of order, at least of time of opening trades...comparing it to the first account summery, which showed each trade opened both pairs at the same time...whatever changed there could be what all the growing DD and on closed trades are about??? Also, when you started the EA, did it immediately open that first trade? If not, how long did it take? I don't see that it opened trades as soon as others were closed, so I am not so sure about Charvo's theory on an initial test trade. Also, very important! If you count the number of trades that are still open, it's very obvious it's way more than the five "baskets" or layers that the EA should be allowing, that might explain some DD, too. We need to find out if this means it opens only five layers from one given original entry point, then may have another "original entry point" opened with it's own five layers??? If that's true, it needs to be limited to only one original entry point, with desired layers from that.


If anybody started the EA this last Monday between 10am and 3pm CST, just know the pairs were perfectly correlated, and I mean on top of each other that whole time, with no gaps at all...slow trading day, but I say all this because, that probably would have been a good time to have started the EA, on correlation...anybody who happened to do this at that time, please post your results since then, because it will greatly help us understand this EA!


I am not advocating that anybody try making EA trade EG, because it is directional, and as much as it is debated, there are pip size, scale size, and other differences, plus it's directional, not "hedged"...that last post was just a suggestion for back testing only! Yes, I have had some success with EG, but just look at a daily chart to see how much you would have lost holding a buy over last weekend! The Euro isn't coming back, at least not for a while.


1 min TF, hedging EU and GU, or similar correlated pairs has a successful, proven track record with many, many traders, they are using the Vitrite technique, of course.

If we can get EA to replicate PaulSS's first two days to continue on............

Burningmunke has 14+%, now....he would probably have beaten my 19% gain for the week, with a small increase in lot size!....I don't understand his unclosed trades, either.


If your curious why a successful manual trader like me wants this EA to work?
I don't have much time to spend in front of a screen, either...plus, there are always 3-6 trades that I miss out on while asleep.
Too close for pips, switching to points.
  • #180
  • May 12, 2012 8:05pm May 12, 2012 8:05pm
Thanks for taking the time to go through it all, the thread is quickly growing which is great. See below:

Quoting Thepipster
Okay, please read this post carefully, as I have dug into everybody's results and comments and am summarizing and then asking questions...
Dirty brown, on your first account detail post on this EA, it shows trades going both ways, buying EU, selling GU, AND...selling EU while buying GU, which is different than the other account detail posts and different than what Charvo was saying about the EA only selling EU, buying GU...and the results on that account summery as well as Paulss's first two days were incredibly good, and I mean unbelievable! Then...
Skype: heliosphan187
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