Zeusjoes Market-Neutral Hedge Strategy

Dear sir
I Thanks for create this EA
i done all setting as you described.
i have received Error message "Neutral osc_v3.4 Unknown subwindow number-1 for object creation.
Please Guide me to rectify this Error.


Thanks and Regards

Somasundaram
[email protected]

I think this strategy can be the holy grail Really
It needs a EA and the "Going Home" EA from SteveHopewood is a good one, i am trying to modify this EA to work with the NeutralHedge OSC v3

What has happened to this thread? The last post says something about this strategy being "the Holy grail".... then nothing.

I don't know about the "Holy grail", but the strategy does have merit, making money almost very day on a few selected pairs.

Thanks to two extremely generous traders/coders (SwingMan and Spieler), we have plenty of tools to do the job. I also have developed an EA that I "may" be willing to share (but not sell).

Let me summarise what I think this thread is all about. I may not have it 100% correct, but you should be able to get the gist of it.

Someone by the name of Zeusjoes started the thread and it was about trading the spread between (mostly) uncorrelated pairs. In particular, he was trading (or thinking of trading EURUSD and USDCHF. Long one and short the other. This caused a bunch of punters to ask, "why not just trade EURCHF?". If one more person asks that question, I'm jumping off the bridge.

Along the way, "Spieler" entered the thread with thoughts about trading more correlated pairs (EURUSD/GBPUSD). Instead of one long and one short position, his approach was to go long both (or short both) when his indicator gave the signal.

Since Spieler's approach was somewhat the opposite of SwingMan's approach, Spieler was encouraged to start another thread.

We now have two threads (this one and http://www.forexfactory.com/showthread.php?t=95721).

SwingMan even took the time to develop an EA (now in it's eighth version) to trade Spieler's methodology.

To me, neither approach is pure "hedging", but I don't wish to debate it.

There is still much to discuss on this thread. I have carefully read every post and urge anyone thinking they might like to trade this strategy to start at the beginning of the thread and read every post.

I hope that we can get this going again. The strategy does make money almost every day.

My biggest problem is what to do when there is an anticipated high impact news event. Stop trading? Wait longer? Go to Florida? Whatever.

I should tell you that my trading is 100% mechanical. I do NOT watch charts. Candles, Shooting Stars, Fibonacci, Gann.... all science fiction in my view. I have too many other things to do (developing better EA's, for instance) to watch charts. I need to have EA's that automaticaly cater for every situation.

Enough said. Where to from here?

Personally, if I had an EA capable of trading on its own with consistent positive results, I'd head straight for Italy to buy my new Ferrari.

Consistent, yes.... and no. Looking for thoughts on how to trade through scheduled major news events.

Also looking for ideas for better detection of "out of sync" situations that present arb opportunities.

Not a one-way street. Very happy to share my own findings.

I was asleep at the wheel on Friday when "something" hit the markets. I assume it was NFP?

It caused significant drawdowns that are very slowly recovering. Recovering from drawdowns is stressful and time consuming, taking funds away from new trades.

Dear ChuckNZ, i want to ask you question. How about the result using this strategy? Is this strategy profitable? thanks for your information

If anyone still interested in this strategy/EA.

I've post the newest version of this EA, please feel free to tweek the codes or test the EA.
I have fixed some bugs in the EA. It should work fine now.
Please attach this EA to AUDUSD H1 Time Frame.


NeutralHedge osc_v3.4.ex4 <-- This is the indicator, please place it in expertsindicators folder.
forex-hedge - audusd v.130704.mq4 <-- Source codes, please place it in experts folder
forex-hedge - audusd v.130704.ex4 <-- exe file , please place it in experts folder


Please leave a msg if you have any new thoughts regarding the EA. Thx

Johnny

I have been making consistent profits from this EA so far.
Running multiple currencies with 0.01 or 0.02 starting lots.
Haven't have the chance to see the draw downs yet.
I currently still dont have any stop loss or protection implemented into the EA yet.
Any thoughts?

Johnny

Hi quakr.

I test the EA this week with some profit.
I used AUDUSD.
How do I use it with other currencies?
Should I modify the code? Just change the pairs there and nothing more?
What currency pairs was tested?

Best regards!

Sergio, from Argentina.

Can anyone kindly modify the code so we can test the strategy on other correlated pairs? Many thanks.

I tried to change the name in the code. but doesn't work. Hope someone can help.

Thank you

LP

Dear Sergio,

The currency pairs that i've been running are

1.audusd audcad 600
2.audusd nzdusd 500
3.euraud eurchf 2200
4.euraud eurusd 800
5.eurusd eurcad 700
6.gbpjpy eurjpy 1800
7.gbpusd eurusd 600
8.usdchf cadchf 1000
9.chfjpy gbpjpy 300
10.chfjpy eurjpy 300

The respective numbers were the settings for HedgeRange Lower Limit for each currency pairs.
The attached file is the modified version of my EA, enter the pairs you wish to test into Primary Pairs & Secondary Pairs respectively.

Johnny

Quakr, thanks, I have a question, when I run this ea will it affect the other trades that are open?
Thanks

Dear Shiva,

You'll have to change the magic number for ea currency pairs if you wish to run multiple pairs all at once.
So that the EA wont affect other trades.

Johnny

Thanks for the thread summary
So,how's your journey with this strategy?
ThnQ

Let's see how it goes...

may i ask how is the result? the EA is working good so far ? cheers

Another one ...

expires 0n 31/12/2013. is someone trying to use this thread to sell ea?

Targets hit for all 2 trades for today:

USDCHF-NZDCHF

AUDUSD-NZDUSD

There is a reason the thread is dead.

It works UNTIL the carry trade starts to unwind. When that happens then your account will blow BIG TIME.

Now, many will ask, "Just don't trade when the carry trade starts to unwind", well, good luck with spotting that when it occurs. Usually around 4-6 times per year but depends on other factors which retail traders are not normally informed about.

So, ofcourse, you can make some nice profits in the meantime. But not having some kind of stoploss across both pairs is a disaster waiting to happen when the carry trade starts to unwind. You will end up with both trades staying negative for days, weeks, months etc. Your broker will margin call your account. Unless ofcourse you are trading 0.01 with a 100,000K account.

And god forbid the USD devalues. Then you really will be changing your underpants.

Scoobs.