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Three Pairs Hedging

  • #621
  • Mar 21, 2013 3:52am Mar 21, 2013 3:52am
Quoting kimlie0401
Thank you for replying.
I am using the MT4
on the Jounal, it say that "GBPUSDpro opening at 0.00000 sl: 0.00000 tp: 0.00000 failed [Hedge is prohibited]"
and EURGBP has same problem.

Ah ha.... this is an easy problem. Your broker doesn't allow hedging. You will have to change brokers or give up on this EA.
  • #622
  • Mar 21, 2013 5:16am Mar 21, 2013 5:16am
If you are running with TriangularHedge_016 and not getting any (or many) trades, you have a couple of choices:

1. Set SmartEntry to false;

2. Set SmartEntryAddOn to 0.00010 (first). If that doesn't work, set it to zero (0.0).

This aspect is still a bit experimental and I need to watch it for the next 12 hours to come up with the right settings.

It's unfortunate that this EA cannot be backtested, leaving me to fly a bit blind.

Tomorrow, I'll post a version that will let you tell the EA to stop taking new trades (for the weekend), if you wish to use that feature.

All the best from downunder.
  • #623
  • Mar 21, 2013 7:11am Mar 21, 2013 7:11am
Another thing we can try is have each pair with BBS and then SSB for each pair so that would give us about 16 choices. Then just use Smart Entry to choose the best entry, but this would give us more opportunity. What do you think? Paris
  • #624
  • Mar 21, 2013 7:41am Mar 21, 2013 7:41am
Quoting ChuckNZ
All of my EA's (including this one) should automatically upgrade with no problems. This particular upgrade, however, could be a problem if you changed any of the symbols. I changed the names of the symbols from "SymbolA" to "Symbol011", for instance. Otherwise, you should be good to go..

Let me know how you get on.
Awesome, thanks Chuck. I didn't change anything so it should be OK,
Thanks, Len
Think Outside the Box.....
  • #625
  • Mar 21, 2013 9:32am Mar 21, 2013 9:32am
Quoting kimlie0401
Thank you for replying.
I am using the MT4
on the Jounal, it say that "GBPUSDpro opening at 0.00000 sl: 0.00000 tp: 0.00000 failed [Hedge is prohibited]"
and EURGBP has same problem.



You can use FinFx as a broker for U.S. customers.
They have a triple A plus credit rating and are from Finland.
They accept all USA customers and you can trade Gold as well.
You can hedge, no FIFO and you can scalp too. Paris
  • #626
  • Mar 21, 2013 9:50am Mar 21, 2013 9:50am
Chuck,

Have you look at when the trade(3 pairs) was taken, when it closed, and how long it usually took to close with TP $1.00?

I have just set the EA to work and it has opened 4 sets.

Thanks.

Bruce
  • #627
  • Mar 21, 2013 2:53pm Mar 21, 2013 2:53pm
Quoting brucech
Chuck,

Have you look at when the trade(3 pairs) was taken, when it closed, and how long it usually took to close with TP $1.00?

I have just set the EA to work and it has opened 4 sets.

Thanks.

Bruce
Hi Bruce,

Like you, I think that information would be very useful. I've just been too busy getting the EA to function properly. Hope to have the "stop trading" working today.... if my wife doesn't give me to me things to do!!
  • #628
  • Mar 21, 2013 4:03pm Mar 21, 2013 4:03pm
New version for you.

This one lets you change MaxSets on the fly. I decided that is the easiest way to stop new trades from taking place. This feature has other benefits as well.

1. If, for any reason, you want to change MaxSets, just click on "Tools" and "Global Variables". If MaxSets is already there, you can change the value to any number between zero and ten. If it's not already there, you can create an entry and then set the value to be between zero and ten.

2. If you want to stop the EA from taking new trades (late Friday, for instance), just follow the steps in #1 above, setting MaxSets to zero.

3. If you stop and start the EA, the global variable will be deleted and the EA will use whatever you have set for MaxSets in the parameters.

4. You can only use "maxsets" or "MaxSets", so be careful typing.
Attached File(s)
File Type: ex4 TriangularHedge_017.ex4   63 KB | 655 downloads
  • #629
  • Mar 21, 2013 5:08pm Mar 21, 2013 5:08pm
New version with StopLoss. Do I need to apologise for taking up so much space here?

This version includes the ability to force a stop loss for any set.

1. To use it, set StopLossFullLot to the dollar equivalent for a full lot where you want to place the stop loss for a set.

2. Example: If you set StopLossFullLot to $300 and you are trading 1.0 lots, a set (of three trades) will be closed if the net loss for the set touches or exceeds $300. If you set it to $300 and you are trading 0.01 lots, a set will be closed if the net loss for the set touches or exceeds $3.00.

3. To prevent any accidental closing of existing positions, I have set the default for StopLossFullLot at $99999. If you want to use this feature, be sure to change the value to a setting that makes sense.

4. FWIW, I'm running with StopLossFullLot set at $300 until I get a feel for how often it gets hit.
Attached File(s)
File Type: ex4 TriangularHedge_018.ex4   64 KB | 728 downloads
  • #630
  • Mar 21, 2013 5:33pm Mar 21, 2013 5:33pm
Chuck,

Thanks for the updated EA.

Since starting about 9 hours ago the EA has closed 3 $1.00 Sets with 7 Sets now running at -$6.00.

A possible consideration for your TO LIST. In the display you have max profit = -0.00, would it be possible to add a max DD = -00.00, so that we can see what DD had been for the Set?

Thanks.

Bruce
  • #631
  • Mar 21, 2013 5:43pm Mar 21, 2013 5:43pm
Quoting brucech
Chuck,

Thanks for the updated EA.

Since starting about 9 hours ago the EA has closed 3 $1.00 Sets with 7 Sets now running at -$6.00.

A possible consideration for your TO LIST. In the display you have max profit = -0.00, would it be possible to add a max DD = -00.00, so that we can see what DD had been for the Set?

Thanks.

Bruce
Thanks, Bruce.

MaxDD (as a display) has been on my TO DO list. I was just waiting for someone to ask for it. The info displayed on the chart is getting "busy".
  • #632
  • Mar 21, 2013 6:18pm Mar 21, 2013 6:18pm
Chuck,
thanks for the EA. I started running it about 12 hours ago and it has closed 2 sets, and I still have 7 sets running.
I know you mentioned the spreads in an earlier post, could you clarify something for me please?
Currently, max. spread (default) = 2.9 Does this mean that with smart entry set to True, that the spread on each individual pair within a set has to be less than 2.9 before a set will be entered?

I am looking to open another account and am looking at spreads / brokers etc. Any recommendations?

Thanks again.

Paul
  • #633
  • Mar 21, 2013 6:50pm Mar 21, 2013 6:50pm
Good Job Chuck, thanks. when i set it to 300 is closed 1 set right away. That was to tight for me so i set it at 600.
Cheers....
Think Outside the Box.....
  • #634
  • Mar 21, 2013 7:06pm Mar 21, 2013 7:06pm
Quoting RogFx
Chuck,
thanks for the EA. I started running it about 12 hours ago and it has closed 2 sets, and I still have 7 sets running.
I know you mentioned the spreads in an earlier post, could you clarify something for me please?
Currently, max. spread (default) = 2.9 Does this mean that with smart entry set to True, that the spread on each individual pair within a set has to be less than 2.9 before a set will be entered?

I am looking to open another account and am looking at spreads / brokers etc. Any recommendations?

Thanks again.

Paul
I hope the EA makes a lot of money for you.

MaxSpread comes into play with or without using SmartEntry. It won't trade a set if ANY of the three pairs has a spread greater than MaxSpread. While you can get more trades by increasing MaxSpread, the probability of making a profit is reduced.

As for brokers, I like Armada, HotForex, ThinkForex, FinFX, Pepperstone, to name a few.

Good luck.
  • #635
  • Mar 21, 2013 9:04pm Mar 21, 2013 9:04pm
I could use some help.

A couple of members of this group posted something like this:

Buy 1.0 aaabbb
Buy 1.0 bbbccc
Sell 1.0 aaaccc

This resulted in a net long (or short) x.xx lots of bbbccc

Something to that effect.

1. Can someone show me how they calculate this?

2. Is all of the information needed to do the calculation available to an EA?

3. Could someone write a function for me that would do the calculation.

I want to do something "clever" to TriangularHedge using this information... basically filtering out some trades or going in the opposite direction.

Of course, I will post any upgrades to the EA here.
  • #636
  • Mar 21, 2013 9:12pm Mar 21, 2013 9:12pm
Another update....

This version (19) includes:

1. Shows MaxDD for each set on the chart.

2. Pauses after a SL.... similar to the pause after a TP.

3. Not pausing after a SL makes no sense. Why would you quit a losing position with a loss, only to immediately re-enter?

4. FWIW, I am running with the defaults of pausing 10 minutes after taking profit and 30 minutes after being stopped out.

5. If you are running with MaxSets < 10, another set will most likely have taken the place of the closed set anyway.

I will soon have to write a manual for this system. Perhaps a couple more versions from now or over the weekend... whichever happens first.
Attached File(s)
File Type: ex4 TriangularHedge_019.ex4   67 KB | 817 downloads
  • #637
  • Mar 21, 2013 10:56pm Mar 21, 2013 10:56pm
Quoting ChuckNZ
I could use some help.

A couple of members of this group posted something like this:

Buy 1.0 aaabbb
Buy 1.0 bbbccc
Sell 1.0 aaaccc

This resulted in a net long (or short) x.xx lots of bbbccc

Something to that effect.

1. Can someone show me how they calculate this?

2. Is all of the information needed to do the calculation available to an EA?

3. Could someone write a function for me that would do the calculation.

I want to do something "clever" to TriangularHedge using this information... basically filtering out...
Sorry Chuck, cant help with that as i'm not a coder but it does look like a b c d pattern trading
Think Outside the Box.....
  • #638
  • Mar 21, 2013 11:02pm Mar 21, 2013 11:02pm
I am a big believer that one should be able to hedge his positions, if he so desires to. The problem is you have to find a unique way to do this in the US, but it's still possible.

Dr. NoStopLoss
  • #639
  • Mar 22, 2013 7:47am Mar 22, 2013 7:47am
Quoting ChuckNZ
I could use some help.

A couple of members of this group posted something like this:

Buy 1.0 aaabbb
Buy 1.0 bbbccc
Sell 1.0 aaaccc

This resulted in a net long (or short) x.xx lots of bbbccc

Something to that effect.

1. Can someone show me how they calculate this?

2. Is all of the information needed to do the calculation available to an EA?

3. Could someone write a function for me that would do the calculation.

I want to do something "clever" to TriangularHedge using this information... basically filtering out some trades or...

To calculate you need to know the prices of the 3 in same tick.

Current Prices are Eur/usd 1,29476, gbp/usd 1.52053 and eur/gbp 0,85147

Buying 100 000 Pounds (buy gbp/usd) will get you +100 000 pounds and and a debt of -152 053 usd
Buying 100 000 Euros (buy eur/gbp will get you +100 000 euros and a debt of -85 147 pounds
selling 100 000 euros (sell eur/usd) will get you + 129 476 usd and a debt of -100 000 euros

To have a "perfect hedge" one would need to match 1 per one what we own and what we owe.
But is this case we do not.

We own 100 000 pounds and we have a debt of -85 147 pounds... we own an extra + 14853 pounds
We own +100 000 euros and we have a debt of -100 000 euros... here we are ok
We own 129 476 usd and we have a debt of -152 053 usd ... we have an extra debt of 22 577 usd

So it is obvious that our equity would be affected by the price of the gbp/usd as if we had a long
for 0,1483 lot

Sorry the example is not pure mathematical but it is the accounting aproach to investing in currencies.

J.
  • #640
  • Mar 22, 2013 9:23am Mar 22, 2013 9:23am
Hello ChuckNZ,

I think your great work ... but I think you could improve the entry, change the system spreads. Currently if I understand the method of calculation is that speads the spread of each pair must be less than the amount chosen to open three positions.
example:
spread 2.9
usd / chf 02.09
GBPCHF 2.3
gbpusd 1.8
total 7.0
I think it would be more profitable to modify the conditions of entry by accumulating the sum of the three spreads less than the amount chosen.
spread 2.9
usd / chf 0.7
GBPCHF 1.1
gbpusd 1.1
total 2.9

that many provoquerais moin input, but released much faster, according to its brokers.

Sorry for my English, because I am in France and uses the translator ....
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