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Auto Hedge Commodity Trader System

  • #1
  • First Post: Jan 1, 2015 9:55am Jan 1, 2015 9:55am

Happy New Year 2015 one and all!



Auto Hedge Commodity Trader System


Auto Hedge Commodity Trader System is a concept to stay hedged in commodity pairs which move alike 80% or more in same direction coupled with leveraging the volatility in UK-US session passage to collect some profits trading them.

Some of the commodity pairs which move in same direction most of the time could be :

i) USOIL(WTI Crude) vs UKOIL(Brent)

ii) XAU USD (GOLD USD) vs XAU EUR (GOLD EUR)

iii) XAU USD (GOLD USD) vs XAG USD (Silver USD)


Note : You guys can suggest any better pairs too , in non commodity world correlation ratio between USD JPY & Nikkei 225 Stock index is whopping 0.86 suggesting tighter correlation.


Entry Condition :

Order Open timings : Start of UK Session to End of US Session (approx)

Lets take OIL which is pretty hot topic at the moment with financial oil wars going around:

System takes the following orders completely hedged:

i) UK OIL BUY/US OIL SELL ==> Set 1
ii) US OIL BUY/UK OIL SELL ===> Set 2

Exit Condition :

Order Close timings : No restrictions in timings when ever Set 1 (or) Set 2 comes to 5pip profit

Attached : Auto Hedge Trader EA for traders ..
Attached File(s)
File Type: mq4 Auto_Hedge_Trader_V1.mq4   7 KB | 2,540 downloads


Currently it does good job with this mechanism, that said looking forward for good suggestions/improvements to take it forward to channelize into next level.

Cheers,
Scoobi
Scoobi doobi doo
  • #2
  • Jan 1, 2015 2:28pm Jan 1, 2015 2:28pm
For several months I test on oil trade (WTI and Brent). This strategy is fully automatic. http://www.myfxbook.com/members/Trej...vs-wti/1107223
Since the beginning of this year I will test manually too, according to another idea. If the results will satisfactory then I will present it.
  • #3
  • Jan 1, 2015 3:54pm Jan 1, 2015 3:54pm
Hi there..

Could you please explain how we overcome the spreads of broker on both sized hedge position ??

You said -
Start of UK Session to End of US Session (approx)....IS it posible to achieve those 5 Pips during this tenure on regular basis ??
  • #4
  • Jan 1, 2015 7:51pm Jan 1, 2015 7:51pm
5pips target is not just in uk to us session, its through out other sessions too.

open of orders is allowed in uk to us session, close can occur if TP hits in any session.

lets say u had one set of trades taken yesterday us session and then the target of 5pips reaches during asian session it books the same and adds to equity however fresh trading will start again only at uk open not before. hope u understand.

Try testing on demo on your broker , first make sure both brent and wti crude open/close for trading at the same time. good luck!
Scoobi doobi doo
  • #5
  • Jan 1, 2015 7:52pm Jan 1, 2015 7:52pm
Quoting Kasia
For several months I test on oil trade (WTI and Brent). This strategy is fully automatic. http://www.myfxbook.com/members/Trej...vs-wti/1107223 Since the beginning of this year I will test manually too, according to another idea. If the results will satisfactory then I will present it.

Good Kasia ,interesting!
Scoobi doobi doo
  • #6
  • Jan 1, 2015 9:27pm Jan 1, 2015 9:27pm
the Ask and Bid should be so:

MarketInfo(Symbolx, MODE_ASK)
MarketInfo(Symbolx, MODE_BID)

and

CountOrdersThisPairSmallSELL(Symbol2) == 0 && CountOrdersThisPairBigBUY(Symbol1) == 0

int CountOrdersThisPairSmallBUY(string pp) {
int l_count_0 = 0;
for (int l_pos_4 = 0; l_pos_4 < OrdersTotal(); l_pos_4++) {
if(!OrderSelect(l_pos_4, SELECT_BY_POS)) continue;
if(OrderSymbol()!=pp) continue;
if (OrderSymbol() == pp && OrderType() == OP_BUY && OrderMagicNumber() == smallmagic) l_count_0++;
}
return (l_count_0);
}
int CountOrdersThisPairBigSELL(string pp) {
int l_count_0;
for (int l_pos_4 = 0; l_pos_4 < OrdersTotal(); l_pos_4++) {
if(!OrderSelect(l_pos_4, SELECT_BY_POS)) continue;
if(OrderSymbol()!=pp) continue;
if (OrderSymbol() == pp && OrderType() == OP_SELL && OrderMagicNumber() == bigmagic) l_count_0++;
}
return (l_count_0);
}

and so on.
  • #7
  • Jan 1, 2015 9:40pm Jan 1, 2015 9:40pm
happy new year!

I like topic about hedge ,can tell me your views about S&P 500 vs EURUSD
  • #8
  • Jan 1, 2015 10:00pm Jan 1, 2015 10:00pm
Quoting lghr
the Ask and Bid should be so: MarketInfo(Symbolx, MODE_ASK) MarketInfo(Symbolx, MODE_BID) and CountOrdersThisPairSmallSELL(Symbol2) == 0 && CountOrdersThisPairBigBUY(Symbol1) == 0 int CountOrdersThisPairSmallBUY(string pp) { int l_count_0 = 0; for (int l_pos_4 = 0; l_pos_4 < OrdersTotal(); l_pos_4++) { if(!OrderSelect(l_pos_4, SELECT_BY_POS)) continue; if(OrderSymbol()!=pp) continue; if (OrderSymbol() == pp && OrderType() == OP_BUY && OrderMagicNumber() == smallmagic) l_count_0++; } return (l_count_0); } int CountOrdersThisPairBigSELL(string pp)...


Cool mate, can u create another version with the above changes along with one more change i.e before a set of trades is closed make sure both USOIL/UKOIL are open.

I have seen cases where at brokers USOIL say gets open at 4GMT and UKOil opens at 6GMT, that could lead to one of the pairs USOIL alone getting closed if its greater >=5pip to avoid the race condition we need a smart trigger to check if both markets are open. Hope you got it.

thanks
scoobi
Scoobi doobi doo
  • #9
  • Jan 1, 2015 10:04pm Jan 1, 2015 10:04pm
Quoting oswin
happy new year! I like topic about hedge ,can tell me your views about S&P 500 vs EURUSD

Attached Image
, nowadays i think it does inverse correlation mate
Scoobi doobi doo
  • #10
  • Jan 1, 2015 11:20pm Jan 1, 2015 11:20pm
Happy New year sir and sorry for asking stupid questions 1) is there any timeframe where i have to put above ea? 2) i want to trade xauusd/xagusd so i have to put that ea on both charts and i have to make modification in ea and put above commodity in symbol1 and symbol2 section??
  • #11
  • Jan 2, 2015 2:58am Jan 2, 2015 2:58am
Quoting piplover143
Happy New year sir and sorry for asking stupid questions 1) is there any timeframe where i have to put above ea? 2) i want to trade xauusd/xagusd so i have to put that ea on both charts and i have to make modification in ea and put above commodity in symbol1 and symbol2 section??

Thats right, time frame is not important anything would be ok.

choose any lots as inputs and targets ,also choose any symbols of your choice for trading it. good luck!
Scoobi doobi doo
  • #12
  • Jan 2, 2015 2:59am Jan 2, 2015 2:59am
Quoting Scoobidoobi
{quote} {image} , nowadays i think it does inverse correlation mate
can you explain your hedging profit is based on what kind of view in market and rule？

example：eurusd is on Long trend, S&P 500 was volatility,is good timing for entry? or other way?
  • #13
  • Jan 2, 2015 6:02am Jan 2, 2015 6:02am
Quoting oswin
{quote} can you explain your hedging profit is based on what kind of view in market and rule？ example：eurusd is on Long trend, S&P 500 was volatility,is good timing for entry? or other way?

I am not sure on currency pair vs stock index scenario like EUR USD vs S&P500 (or) USD JPY vs Nikkei 225.

I am much more comfortable with Commodities of same nature say OIL (UK OIL Vs US OIL) & Gold ( XAU USD Vs XAU EUR) as they always positive correlate most times and there's profits available when trading them hedged in volatile times.
Scoobi doobi doo
  • #14
  • Jan 2, 2015 6:36am Jan 2, 2015 6:36am
sir will you please explain more regarding about input of the ea
1)small dollar 2) big dollar 1) small magic 2) big magic
  • #15
  • Jan 2, 2015 6:40am Jan 2, 2015 6:40am
Quoting Scoobidoobi
{quote} I am not sure on currency pair vs stock index scenario like EUR USD vs S&P500 (or) USD JPY vs Nikkei 225. I am much more comfortable with Commodities of same nature say OIL (UK OIL Vs US OIL) & Gold ( XAU USD Vs XAU EUR) as they always positive correlate most times and there's profits available when trading them hedged in volatile times.
thanks your reply,right no one can sure the market,that's why we all going hard work and long journey

sorry about my careless in established without seriously to research and testing your EA
i want to know what kind timing and view will open trade and close on this EA you done ??
  • #16
  • Jan 2, 2015 9:45am Jan 2, 2015 9:45am
it might be helpful

to check this site for different correlations at currencies

https://www.mataf.net/en/tools/01-01-correlation
  • #17
  • Jan 2, 2015 8:51pm Jan 2, 2015 8:51pm
Just looking at the code, I think the calls to Hour() should be changed to TimeHour(TimeCurrent()) to work as intended. Hour() just returns the hour when the EA was first started, not the current server time.
  • #18
  • Jan 3, 2015 1:30am Jan 3, 2015 1:30am
Quoting skoda2008
Just looking at the code, I think the calls to Hour() should be changed to TimeHour(TimeCurrent()) to work as intended. Hour() just returns the hour when the EA was first started, not the current server time.

Hour() >=12 and Hour() < 22 is for trading During UK-US Session as per MT4 Time of the broker you trade..
Scoobi doobi doo
  • #19
  • Edited 2:52am Jan 3, 2015 1:35am | Edited 2:52am
Folks can someone setup a Currenex Demo a/c 5k at HF Markets which has UK OIL & US OIL both on VPS , with following inputs and add a trade explorer to the thread :

===================
lots=5; // 1 lot per 1k
Symbol1 = "USOIL";
Symbol2 = "UKOIL";
smalldollars=25; // 5USD TP per set 1
bigdollars=25; // 5USD TP per set 2
smallmagic=11; // default leave as is
bigmagic=22; // default leave as is
basketdollars=true; // enable basket dollars
openStartHour=12; // default leave as is
openEndHour=22; // default leave as is

opennewStartHour=12; // default leave as is
opennewEndHour=22; // default leave as is

===================




Will wait for one Volunteer for testing by tomorrow Sunday , if not I will be the MASCOT for setting up trade explorer.



cheers
Scoobi
Scoobi doobi doo
  • #20
  • Jan 3, 2015 8:44am Jan 3, 2015 8:44am
Quoting Scoobidoobi
Folks can someone setup a Currenex Demo a/c 5k at HF Markets which has UK OIL & US OIL both on VPS , with following inputs and add a trade explorer to the thread : =================== lots=5; // 1 lot per 1k Symbol1 = "USOIL"; Symbol2 = "UKOIL"; smalldollars=25; // 5USD TP per set 1 bigdollars=25; // 5USD TP per set 2 smallmagic=11; // default leave as is bigmagic=22; // default leave as is basketdollars=true; // enable basket dollars openStartHour=12; // default leave as is openEndHour=22; // default leave as is opennewStartHour=12; // default...

Hi Scooby,
I will put to the test and without changes to EA in my FXCM account (Demo).
Let's see what happens.
But I think it could open positions when prices have a certain distance (pips or $). What do you think?
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