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Attachments: Overlay Positive Hedging EA
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Overlay Positive Hedging EA

  • #341
  • May 29, 2012 11:13am May 29, 2012 11:13am
Quoting Thepipster
This EA appears to be meant to be trades with both trade1 and trade2 as true, which I know isn't default, but think about this...When this EA is started, immediately it opens the first basket of trades, which would be BuyEU, SellGU, with default settings, but, when the trade2 is on, that first opening has another two trades opposite of the other two,SellEU, BuyGU...this creates an actual directional hedge for that first open, so that it synthetically cancells out, until one of the sets randomly runs into a TP...which is where the next trade for...

Same thing i mentioned few posts before. Trading on both side, creates a band.. a band of drawdown. as the profit increases, drawdown too increases.

What comes in my mind is... instead of adding pairs at certain pips layer distances why not add them after some time interval say every 1hr.
  • #342
  • Edited 11:43pm Jun 3, 2012 11:30pm | Edited 11:43pm
this attached version modified to filter hours of trade
but i also think news filter would be valuable thing to have
I've try to figure out for hours trying to into icustom funtion to call FFCal into the EA, but without any success. any expert coder can give it a shot.
some coding example in the header of the FFCal indi of how to do icustom.
was doing great before "Non-Farm Employment" press release.
here's more info about news filter: http://www.tradingsystemforex.com/mq...ws-filter.html
Attached File(s)
File Type: mq4 OPH timer.mq4   31 KB | 972 downloads
File Type: mq4 FFCal.mq4   49 KB | 786 downloads
  • #343
  • Jun 6, 2012 5:18am Jun 6, 2012 5:18am
I think the strategy works but the EA does not.

I did some manual backtesting of an EURUSD/GBPUSD spread trade (attached). What I did was compare the price of EURUSD and GBPUSD at 1 minute intervals throughout the day, and charted the pip difference between the two pairs. As the starting reference point I tried midnight, 8am and 9am.

You can see from the charts that the spread between the two pairs widens then invariably closes. Towards the end of the day the spread sometimes widens and never returns. (To change the date of a chart, click on the "Reset 8am" page, and change the date by clicking on the filter in the top left cell - the chart should update automatically).

I think a valid strategy would be:
- at 8am, "reset" by assuming EURUSD and GBPUSD are equal
- as the spread between the two widens, sell the pair that rises (in relation to the other pair) and buy the pair that falls at various pip intervals (ie as the spread widens to 10 pips, 20 pips, 30 pips etc)
- close the trade when spread reaches 0
- close any open trades at the close of the London session - possibly for a loss
- stoploss when the spread widens too far (up to you), and wait until the next day to trade again

This strategy would have losses but I believe that the losses would be offset by the winning trades. I tried to program the strategy using noprogra.com but it was too difficult for me. Anyone else interested in giving it a go?
Attached File(s)
File Type: xls spread - 8am reset.xls   3.6 MB | 956 downloads
  • #344
  • Jun 6, 2012 4:22pm Jun 6, 2012 4:22pm
Sorry for the english

fx4money everything as you said I did not notice it, thanks!

When you ask a trader ... and what type of analysis should I use the Fundamental or Technical Analysis?

RE: Both as a complete one another.

So maybe the correlation of currencies need a bit of fundamental analysis or technical or

fx4money just say ....

When EUR / GBP with this trend of rising use - Buy EUR / USD Sell GBP / USD = buy EUR / GBP

When EUR / GBP with this trend of falling use - Sell EUR / USD Buy GBP / USD = Sell EUR / GBP

More why not just buy or sell EUR / GBP?

Answer here: http://www.forexfactory.com/showthre...01#post5668101

I think this should improve our success rate

Quoting fx4money
Buy EU Sell GU = buy eur/gbp

this system will make money very fast when eur/gbp is uptrend on sideway, and will fail terribly when eur/gbp is downtrend.

see the eur/gbp chart for april it was downtrend until 15th may, many trader lost their money during that period. eur/gbp start to rise on 16th may, and of course traders are making profit using this system during this period.

good luck to all of you.
  • #345
  • Jun 25, 2012 7:35pm Jun 25, 2012 7:35pm
Just out of interest has anyone had any success with EURCHF EURUSD which are totally negatively correlated pairs. I imagine this will profit from the large gaps that are created?
  • #346
  • Jun 26, 2012 3:45pm Jun 26, 2012 3:45pm
The same stuff over and over again and people never learn.
  • #347
  • Jun 26, 2012 4:42pm Jun 26, 2012 4:42pm
Hi just found new version of the ea somewhere on net please try.
Attached File(s)
File Type: rar !_Overlay Positive Hedge v3.22.rar   7 KB | 3,151 downloads
  • #348
  • Jun 29, 2012 8:54am Jun 29, 2012 8:54am
Quoting teapeak
Hi just found new version of the ea somewhere on net please try.
nice.. thx
  • #349
  • Jul 2, 2012 2:04pm Jul 2, 2012 2:04pm
Quoting Dirtybrown
Hi. I found this EA on another medium. Below is a description given by the author. I am just starting to experiment with this and will post my results. INTRODUCTION

This technique was introduced by the fellow’s traders Meet Joe Black, Maidin and several others (sorry if their names are not mentioned here) in the other forum. To acknowledge their contributions I would like to thank and congratulate to all those involved in the development of this trading technique.
The technique can be briefly explained as follows:

1. CONCEPTS

a) Usually,...
...sorry, I don't understand but...can someone tell me why I have to put the Robot for Two-way trading (overlay hedging) in two charts? why not only in one chart and set the parameters TradeCouple1 = true & TradeCouple2 = true? I don't see any difference if I do this.

...also is there a different between the Robot's v1a and v3?

thanks!!!
  • #350
  • Sep 9, 2012 7:22am Sep 9, 2012 7:22am

  1. this EA is basicly trading EUR/USD, and use GBP/USD as hedging. when you check on couple 1 and couple 2, both of EUR lot size are 0.1 (orignal setting) and GBP are 0.8.
  2. you never know when EUR is go up or down,( if you know it for sure,you will just trade eur/usd along), so the best way to trade this EA is turn both couple on. the result will be 1 couple will make money, but the other will sufer a foating loss.
  3. this EA can use on any timeframe, because the EA open or close trade is depend on the layer distance and the max layer you set,which means you will get the same result on any timeframe.
  4. the only thing you have to care about is your account shoud be big enough to carry the DD. right now, i open both couple, and have total 1 lot EUR and 0.8 lot GBP, DD is 900 USD
  5. the only thing bothers me is how to lower the floating loss, i am doing some experiment now, like lower the layers or change the lot size at the end if i want to stop use the EA. will post more results later if i got any new discover about this EA.
  6. after all, this EA is profitable so far, i make 1000 usd in my live account in 2 weeks, and i keep the EA running 24/7

  • #351
  • Sep 11, 2012 3:16pm Sep 11, 2012 3:16pm
I am new in this Topic , Its Really Interesting , Some guys Really Made Profit with it. Can i get It's Final Version which is using in live accounts,...

Keep it Up
  • #352
  • Sep 17, 2012 1:04pm Sep 17, 2012 1:04pm
the voodoo never works...doesn't it.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #353
  • Dec 15, 2012 6:34am Dec 15, 2012 6:34am
Is this thread dead? Any updates?
  • #354
  • Dec 15, 2012 5:39pm Dec 15, 2012 5:39pm
I just fininshed reading all the posts .. nearly crosseyed ... and I am as surprized as you are. Halfway through the posts there was a new thread started so I checked that out and it also died suddenly. Apparently the contributors lost interest? If anybody is out there please clarify the situation.

Thanks,
BT5
  • #355
  • Jan 4, 2013 12:06pm Jan 4, 2013 12:06pm
Quoting boristabby5
I just fininshed reading all the posts .. nearly crosseyed ... and I am as surprized as you are. Halfway through the posts there was a new thread started so I checked that out and it also died suddenly. Apparently the contributors lost interest? If anybody is out there please clarify the situation.

Thanks,
BT5
all adherents were wiped out as usual ....sad.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #356
  • Feb 16, 2013 10:36pm Feb 16, 2013 10:36pm
Hi guys!

Can anyone give me advice or idea for what i have think of, below?
I am trying to build a system with martingale + hedging, and this is 100% profitable system. For the example below,

Pair 1: EURUSD
Pair 2: GBPUSD
Correlation: High positive correlation
Daily range average : EURUSD = 90-100 pips
Daily range average : GBPUSD = 150-200 pips

Case 1:
Long: EURUSD
Short: GBPUSD

Market moves downward, i apply martingale method for losing position (EURUSD) until price breakeven and goes profit with trailing stop. Meanwhile, i apply martingale method also for winning position (GBPUSD) with trailing stop and hedging
I know that if i use martingale method in losing position, i will get margin call due to large position size are added in, so i use hedging method with martingale method also to offset back the drawdown. The purpose of doing this is to minimize margin call. And at the same time, capture the profit as much as possible for pair GBPUSD. This system for this case seem doing well.


Case 2:
Long: EURUSD
Short: GBPUSD

Market moves upward, and i apply the same as case 1.
However, i will get some drawdown because of the "Daily range average", For this case, GBPUSD will lose more than EURUSD, but i think this will somehow minimize the margin call/drawdown by hedging. Until i get exit from trailing stop with in profit.


My question:
What's the worst outcome would be?
How do i deal with case 2?


Appreciate if you could advice me.
  • #357
  • Sep 23, 2013 4:28am Sep 23, 2013 4:28am
bullbear
You are assuming that the same price movement will be for both EURUSD and GBPUSD, when always one will more then the other hence your hedging will always have a separation in it not to mention the spreads and slippage.

I have developed an indicator specifically for hedging with specific conditions. So if anyone is interested and knows of an EA or can develop one for the indicator do send me a message.
  • #358
  • Nov 5, 2013 4:14am Nov 5, 2013 4:14am
Quoting pemully
{quote} all adherents were wiped out as usual ....sad.

... or maybe just the opposite... (I think it's more 'natural' for people to keep it a secret when they find something profitable, as opposed to when they get their butt kicked - we're not THAT far away from the other species we share the earth with (well... sharing is even too big a worth), no matter how much we like to think we're a completely different animal ... ;-)

just my 2 cents...
95% of the people don't believe 100% they can win, that's why they lose
  • #359
  • May 19, 2014 1:18pm May 19, 2014 1:18pm

I put this overlay positive ea on my live account. I watched it on a demoaccount for 2 weeks and really like what I saw.It made money fast. Actually too fast for my taste. It felt a little risky. The default settings if you sell eur/usd for 1 lot buy the gbp/usd for .8. I think there would be less drawdown if you changed the gbpusd to .9.


I have had the take profit set to 10 pips.

I have the metatrader set on 1 minute charts.


I think these two things brings a better success rate and let chance for drawdown.


Does anyone want to work on this with me?



  • #360
  • May 19, 2014 1:41pm May 19, 2014 1:41pm
Quoting GreyWhale
I put this overlay positive ea on my live account. I watched it on a demoaccount for 2 weeks and really like what I saw.It made money fast. Actually too fast for my taste. It felt a little risky. The default settings if you sell eur/usd for 1 lot buy the gbp/usd for .8. I think there would be less drawdown if you changed the gbpusd to .9. I have had the take profit set to 10 pips. I have the metatrader set on 1 minute charts. I think these two things brings a better success rate and let chance for drawdown. Does anyone want to work on this with...
Well done.

However, it doesn't work when the carry trade starts to unwind or the correlation fails. When that happens then it will empty your account very fast if you don't have tight stops.

Its been tried, failed, tried, failed over many years. If it was that simple then everyone would be doing it.

Scoobs.
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