Overlay Positive Hedging EA

Quoting charvo

Disliked

Hi, pipster, with all due respect, i have exact opposite view. the correlation could be gone, and forever gone. hence the DD could be more and more and never recover.

1st thing is that we need to admit it is actually trading EURGBP, if anyone can prove me it is NOT, I'll be so grateful and award him $100 thru paypal.

2nd thing is that looking at EURGBP, as you said, if eur is doomed, then it goes down all the way, then all "buy eurusd sell gbpusd" positions will sink to bottomless hole too.

Ignored

Quoting Simihouse

Disliked

Yes Pipster...entirely agree with you, this is the true philosophy of hedging pairs and this instrument is only available in the forex market and, by my point of view, is the "only" way to make money from it...no indicators, no SL, no mambo jambo etc.

The nature of specific pairs is the correlation, a couple of pairs highly correlated can loose for a short time the correlation but soon or late it will come back home.

So, this EA is a good instrument for work with hedging pairs and for "hedging the hedge". You must run two instances of the...

Ignored

Quoting KingHigh

Disliked

DirtyBrown,

Please update post 1 so that it is correct.

Thx, KingHigh

Ignored

Quoting Simihouse

Disliked

Yes Pipster...entirely agree with you, this is the true philosophy of hedging pairs and this instrument is only available in the forex market and, by my point of view, is the "only" way to make money from it...no indicators, no SL, no mambo jambo etc.

The nature of specific pairs is the correlation, a couple of pairs highly correlated can loose for a short time the correlation but soon or late it will come back home.

So, this EA is a good instrument for work with hedging pairs and for "hedging the hedge". You must run two instances of the...

Ignored

//tambahan orphan order...
   if ((TickDelay == 15) && (CloseOrphanedOrders))
   {
      for (int l_pos_1 = 0; l_pos_1 < 500; l_pos_1++)
      {
         int count = 0;
         for (int i=OrdersTotal()-1; i >= 0; i--)
         {
            if (OrderSelect(i, SELECT_BY_POS, MODE_TRADES))
            {
               if (OrderSymbol() == Pair1 || OrderSymbol() == Pair2) 
               {
                  if (OrderMagicNumber() == Magic+l_pos_1) count++;
               }
            }
         }
         if (count == 1) CloseBatch(l_pos_1);
      }
      TickDelay = 0;
   } 
   TickDelay++; 
   
   //code last..........

void CloseAll() {
   double l_ask_0;
   double l_bid_8;
   for (int l_pos_16 = 0; l_pos_16 < OrdersTotal(); l_pos_16++) {
      if (OrderSelect(l_pos_16, SELECT_BY_POS, MODE_TRADES) == TRUE) {
         if (OrderSymbol() == Pair1 || OrderSymbol() == Pair2 && (OrderMagicNumber() >= Magic && OrderMagicNumber() <= Magic + 500) && OrderCloseTime() == 0) {
            l_ask_0 = MarketInfo(OrderSymbol(), MODE_ASK);
            l_bid_8 = MarketInfo(OrderSymbol(), MODE_BID);
            if (OrderType() == OP_BUY) {
               OrderClose(OrderTicket(), OrderLots(), l_bid_8, Slippage, Blue);
               Sleep(2000);
            } else {
               if (OrderType() == OP_SELL) {
                  OrderClose(OrderTicket(), OrderLots(), l_ask_0, Slippage, Red);
                  Sleep(2000);
               }
            }
         }
      }
   }
}

Quoting hewtwok

Disliked

i was testing the EA on Oanda Mt4 demo too. It only opens one trade at a time.
Does not seems to close trade. Most of time i closed manually when in profit.

Ignored

Quoting Dirtybrown

Disliked

Wow thanks for testing so many settings. Mind posting your .set files for the threads reference?

Ignored

Quoting mahanxiong

Disliked

Seems good but one thing,what's the defferent between buy eurusd&sell gbpusd together and buy eurgbp only?
I mean,if you buy eurusd&sell gbpusd together it is same that you buy eurgbp.
So,trading so,it means if eurgbp go up 100pips,you think it will go down 100pips than.Will this works?

Ignored

Quoting Mihawk

Disliked

hi,
there is "return(Ticket);" still missing or?

Ignored

Quoting vastavista

Disliked

And code close All....

[code]void CloseAll() {
double l_ask_0;
double l_bid_8;
for (int l_pos_16 = 0; l_pos_16 < OrdersTotal(); l_pos_16++) {
if (OrderSelect(l_pos_16, SELECT_BY_POS, MODE_TRADES) == TRUE) {
if (OrderSymbol() == Pair1 || OrderSymbol() == Pair2 && (OrderMagicNumber() >= Magic && OrderMagicNumber() <= Magic + 500) && OrderCloseTime() == 0) {
l_ask_0 = MarketInfo(OrderSymbol(), MODE_ASK);
l_bid_8 = MarketInfo(OrderSymbol(), MODE_BID);
if (OrderType() == OP_BUY) {...

Ignored

Quoting Simihouse

Disliked

Yes. Mathematically is the same, but practically is different. if you buy and sell in the same time EG in two different charts and manage to draw the profits in the winning side and let the losses go in the other, you could stay in DD forewer, because, for example, the buy EG cannot reach again the opening price and than go in profit.

Working with pairs allows you to go back in profit not at a specific value of a pair, but at a specific value of the "spread" between the pairs related.

So it's not exactly the same.

Ignored