Overlay Positive Hedging EA

Quoting Dirtybrown

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Well jus tbecause you enter on a grid doesn't mean you have to exit on a grid.. Dare I, for the first time on the thread bring up an indicator. But maybe you can use the EA to check the pair that is in profit. For the profitable pair, check it against a Laguerre indicator. For Laguerre, when price crosses above .15 buy, crosses below .75 sell. It can be very accurate for manual trading. So maybe an mt5 version of this could be used to stay profitable trade pairs??

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Quoting Dirtybrown

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Live statement here is a setup as you described. Notice the 2 separate magic numbers..

http://www.mt4i.com/users/heliosphan here are the templates

EDIT: Sorry the layers updated to 0 and restarted.

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Quoting jajano

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those result above looks like have huge drawdown tho

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Quoting Dirtybrown

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Drawdown should be limited to this range while getting consistent profit, we will see.

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Quoting jajano

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what about backtest result ??

and btw how long u've been using this EA ?

is this ea hedging with some martingale or averaging ?

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Quoting Dirtybrown

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my local PC version statement, pls refer to my earlier posts regarding directional trades that were taken that have contributed to the profit. Standard Paulss settings now being used again after those trades were closed out.

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 //////////////////////////////////////////////////////////////////////
   // Check For No Open Trades in Buy1Sell2 Mode - Open initial Buy/Sell
   //////////////////////////////////////////////////////////////////////
   if( Buy1Sell2 ) 
   {
      // New!! - Wait For GAP with Sell2 > Buy2 with idea that the pos corr will bring them back together.
      if( GetBuyOrderCount( Pair1, MagicNo ) <= 0 )
         SendBuy( B1S2, Pair1, ScaledLots, 1, MagicNo );
      // With GAP Found, we always Sell2
      if( GetBuyOrderCount( Pair1, MagicNo ) == 1 && GetSellOrderCount( Pair2, MagicNo ) <= 0 ) 
         SendSell( B1S2, Pair2, BaseLots, 1, MagicNo );
      // First we never add a level beyond the MaxLevel
      // AND if we find a loss in "Pts" >= preset amount we investigate whether to Buy/Sell
      if( GetFloatingPts( BUY1SELL2 ) <= ( -NewLevelTriggerInPts ) && GetBuyOrderCount( Pair1, MagicNo ) < MaximumLevel ) 
      {
         LstBuyTicket = GetLastBuyTicket( Pair1, MagicNo );
         LstBuyLevel = GetLastBuyLevelNbr( Pair1, LstBuyTicket, MagicNo );
         if( GetBuyOrderCount( Pair1, MagicNo ) <= LstBuyLevel ) // Only Buy if our Buy ct matches what we expect
            SendBuy( B1S2, Pair1, ScaledLots, LstBuyLevel + 1, MagicNo );
         if( GetBuyOrderCount( Pair1, MagicNo ) == LstBuyLevel + 1 && GetSellOrderCount( Pair2, MagicNo ) <= LstBuyLevel ) // Only Sell if our Sell ct matches what we expect
            SendSell( B1S2, Pair2, BaseLots, LstBuyLevel + 1, MagicNo );
      }
      // Regardless, we always check for PROFIT - and Buy/Sell accordingly
      if( UseTakeProfitByPts == TRUE && GetFloatingPts( BUY1SELL2 ) >= TakeProfit ) 
      {
         LstBuyTicket  = GetLastBuyTicket( Pair1, MagicNo );
         LstSellTicket = GetLastSellTicket( Pair2, MagicNo );
         if( LstBuyTicket > 0 && LstSellTicket > 0 ) 
            CloseLastBuy( LstBuyTicket, Pair1 );
            // Here is the first problem, we calculated the profit using both the BuyFloat and the SellFloat, but we only closed the BUY.
            // To me, both should be closed to keep balance, no orphans, etc.
            // At this point we don't really know if the profit came from the Buy side order.
      }
      if( UseTakeProfitByUSD == TRUE && GetFloatingUSD( BUY1SELL2 ) >= TakeProfitInUSD ) 
      {
         LstBuyTicket  = GetLastBuyTicket( Pair1, MagicNo );
         LstSellTicket = GetLastSellTicket( Pair2, MagicNo );
         if( LstBuyTicket > 0 && LstSellTicket > 0 ) 
            CloseLastBuy( LstBuyTicket, Pair1 );
            // Here is the first problem, we calculated the profit using both the BuyFloat and the SellFloat, but we only closed the BUY.
            // It is asumed that the Buy Float is positive without actually checking.
            // We don't really know if the profit came from the BUY1 side order or the SELL2 side order.
            // To me, both should be closed to keep balance, no orphans, etc.
            // Maybe, we are using Buy1Sell2 because we believe that we are in a BUY TREND, leave the sell order as is and capture a new profit from up trend.
            // The problem is that EU and GU will naturally trend together - why leave behind a sell that probably will trend up.
      }
      //////////////////////////////////////////////////////////////////////////////////////////////
      // OK up until now we have been doing the every tick bookkeeping, Checking for no open trades, 
      // Checking for new Level to open a new hedge, Checking for Profits.  Pretty easy to understand so far.
      //////////////////////////////////////////////////////////////////////////////////////////////
      LstBuyTicket  = GetLastBuyTicket( Pair1, MagicNo );
      LstBuyLevel   = GetLastBuyLevelNbr( Pair1, LstBuyTicket, MagicNo );
      LstSellTicket = GetLastSellTicket( Pair2, MagicNo );
      LstSellLevel  = GetLastSellLevelNbr( Pair2, LstSellTicket, MagicNo );
      if( LstBuyLevel > LstSellLevel ) 
      {
         BuyFloat = GetBuyFloatInPts( LstBuyTicket, Pair1, MagicNo );
         if( BuyFloat > 0 ) // If we have extra BUY1 and that last Buy is in Profit - any amount - we close it.
            CloseLastBuy( LstBuyTicket, Pair1 );
         else // Otherwise we send a Sell2 order to true up Buy asell count.
            SendSell( B1S2, Pair2, BaseLots, LstBuyLevel, MagicNo ); // Otherwise we try to balance the trades by adding a Sell order
      }
      if( LstSellLevel > LstBuyLevel ) // This is just the reverse of the previous block of code More Buy1s than Sell2s
      {
         SellFloat = GetSellFloat( LstSellTicket, Pair2, MagicNo );
         if( SellFloat > 0 ) 
            CloseLastSell( LstSellTicket, Pair2 );
         else 
            SendBuy( B1S2, Pair1, ScaledLots, LstSellLevel, MagicNo );
      }
   } 

Quoting Simihouse

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Dear Iwjw,

your backtests are wonderfull indeed. This is the demonstration that the system works on the long run. You must also think that with the settings that i suggested above, the DD is reduced as it's hedged and the DD in one way is the gain in the other.

I want ask you if you can backtest on MT5 the EA with the same settings but without the layers, using layers=1.

Thanks

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Quoting KingHigh

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I have went through the code and think I understand it. There are some peculiarities that do look strange.

For Clarification: everything in this EA is based of Points and not Pips. Pips are thrown around in post 1 when in fact he means Points - for Levels, for TP, etc.

I have commented the code as can be viewed below. IMHO there is no question that orphan trades could be generated. For each pass, we could match all of the Buy/Sell orders by level and close orphans - easy-peasy.

Here is what I think needs to be done.

1. We need to automate...

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Quoting iwjw

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I'm currently playing around with an indicator that's showing me the price difference between now and xx bars back
On M15 with xx=24 (6 hours) im currently getting
EURUSD: -51 pips
GBPUSD: -111 pips
EURGBP: +24 pips

So assuming I would have opened a short gu/long eu (what would be considered as long eurgbp) 6 hours ago, I would have +60pips/$60 on the hedge, but only +24pips/$39 on a long in eurgbp

Does this example show me that trading the hedge really is something different than trading the cross or am I missing something?

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Quoting scooby-doo

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It doesnt work mid to long term. The reason it may work now is down to what is happening in the market and allot of luck.

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Quoting vastavista

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Hello..

I have experience using this Overlay Hedging EA in 6 months...

After I use this EA 3 months...slippage can kill your account because orphans orders and too much floating...

This is is good and best for make money...

But this need modifiaciton:-

[size=4][color=darkred]1- Add function check orphans orders..If one coulpes have only one pairs, so...

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