Trading is the hardest way to make easy money...
I just want try to answer to the first and foremost question about hedge tradings...why is better trade hedges instead of trading simple pairs? So I made some historical calculation on a selected numbers of hedge rings: AUDJPY/NZDJPY/AUDNZD AUDJPY/CADJPY/AUDCAD NZDJPY/CADJPY/NZDCAD EURJPY/GBPJPY/EURGBP EURJPY/CHFJPY/EURCHF I tested double hedges (a.e. Buy AUDJPY and sell NZDJPY that is equivalent to Buy AUDNZD) and triangular hedges (a.e. Buy AUDJPY, Buy NZDJPY and Sell AUDNZD that is equivalent to Sell half lot of AUDNZD). I was surprised to see...
great job
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{quote} I checked but did not find any bug. check if any other EA making problem.
i test your ea 1 month and good result
btw is it possible to make ea for managing 6 pair hedge opened manually?
pair are : eurjpy, eurusd, usdjpy >> buy, sell, sell
and eurjpy, eurcad,cadjpy >> sell, buy buy
- #849
- Mar 16, 2015 6:50am Mar 16, 2015 6:50am
Hi Brucech,
I found a really beautiful tool on this forum: the script and EA of abokwaik (http://www.forexfactory.com/showthread.php?t=529896)
With this tool you can manage any kind of hedging basket as a normal pair, so you can see how any kind of hedge is a directional trade anyway then you can lose or gain as any other trade. Is amazing observe how for example the "nearly perfect" hedge of 1 lot EURUSD, 1 Lot GBPUSD and 2 lots USDCHF (BBB or SSS) have anyway a "direction" and can be traded with any indicator you like. We can just guess that the range of moves of "hedges" is a little bit narrower than the corresponding single pairs, and this tool is very usefull for observe those behaviours. If we are able to "narrow" the ranges, so we can control the DD more effectively and may play around some kind of martingale (or some kind of averaging) in order to get profits also from trades going in the wrong direction.
I found a really beautiful tool on this forum: the script and EA of abokwaik (http://www.forexfactory.com/showthread.php?t=529896)
With this tool you can manage any kind of hedging basket as a normal pair, so you can see how any kind of hedge is a directional trade anyway then you can lose or gain as any other trade. Is amazing observe how for example the "nearly perfect" hedge of 1 lot EURUSD, 1 Lot GBPUSD and 2 lots USDCHF (BBB or SSS) have anyway a "direction" and can be traded with any indicator you like. We can just guess that the range of moves of "hedges" is a little bit narrower than the corresponding single pairs, and this tool is very usefull for observe those behaviours. If we are able to "narrow" the ranges, so we can control the DD more effectively and may play around some kind of martingale (or some kind of averaging) in order to get profits also from trades going in the wrong direction.
"If you want something go down, let it go up first" Lao-Tzu
- #850
- Mar 16, 2015 8:24pm Mar 16, 2015 8:24pm
To be more explicit I attach the H1 charts both of EURUSD and the 3 Hedge pairs EURUSD/GBPUSD/USDCHF BBB with a slight difference in lots: EURUSD 1,5 - GBPUSD 1 - USDCHF 2,5 in order to obtain a more suitable hedge. The chart is created using the script of abokwaik attached above.
As you can observe the huge move down of EURUSD is fairly balanced using the 3 pairs hedge, so the hedge seems to be more tradable.
As you can observe the huge move down of EURUSD is fairly balanced using the 3 pairs hedge, so the hedge seems to be more tradable.
"If you want something go down, let it go up first" Lao-Tzu
- #854
- Apr 21, 2015 2:46pm Apr 21, 2015 2:46pm
- Joined Aug 2014 | Status: Trading | 2,163 Posts
Trading is the hardest way to make easy money...
- #859
- Jun 15, 2015 11:11am Jun 15, 2015 11:11am
- Joined Aug 2014 | Status: Trading | 2,163 Posts
Trading is the hardest way to make easy money...
{quote} I will fix this problem in the next release of the EA. Would you please tell me about the results of your trading with this EA?
Well as EA wasn't working, so I manually added orders. Still in small loss after 24 hours. May be it was in profit when i was offline.
If this EA has correlation factor included then it will be perfect.
Discussion is an exchange of knowledge;argument is an exchange of ignorance