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Hedge and Correlation Strategy

  • #4,021
  • Jan 12, 2015 12:24pm Jan 12, 2015 12:24pm
Quoting MultiLion
{quote} MN = automatic Magic Number, TVk = TickValue 1.pair / TickValue 2.pair, C% = Correlation of pairs, Spr = actual SUM spreads of pairs, Zs_min, Zs_max, Zs_now = MIN, MAX and actual level of Zscore.
I've been running your impressive system for the last 12 hours on a live account with a modest net profit. Do you have any documentation available?

Specifically, can I delete a set (2 pairs) by just erasing it's entry in the parameters? Or do I have to move all of the sets up and change the number of sets?

What is the 2.5 on every set? Is it some sort of maximum spread? Perhaps this is the easiest way to delete a set (by setting maximum spread to zero)?
  • #4,022
  • Jan 12, 2015 12:46pm Jan 12, 2015 12:46pm
Quoting MultiLion
{quote} MN = automatic Magic Number, TVk = TickValue 1.pair / TickValue 2.pair, C% = Correlation of pairs, Spr = actual SUM spreads of pairs, Zs_min, Zs_max, Zs_now = MIN, MAX and actual level of Zscore.
Your EA is currently sitting on about a $350 open net profit on all open positions. Is there a way (in the EA) to have a "basket" TP? Of course, I realise that I could manually close all positions.
  • #4,023
  • Jan 12, 2015 1:03pm Jan 12, 2015 1:03pm
Quoting ChuckNZ
{quote} I've been running your impressive system for the last 12 hours on a live account with a modest net profit. Do you have any documentation available? Specifically, can I delete a set (2 pairs) by just erasing it's entry in the parameters? Or do I have to move all of the sets up and change the number of sets? What is the 2.5 on every set? Is it some sort of maximum spread? Perhaps this is the easiest way to delete a set (by setting maximum spread to zero)?
My EA can have bugs, thats way is only for demo account - education and tests, you can lose all your money on live account!
By testing you can delete or change pairs and level too. Delete from last pair by setting = ""
Level 2.5 is only 1. level implemented in this EA. You can change it and test.
EA will trade only pairs with yellow color. With this color are only pairs with max TickValue koeficient, Correlation and SUM pairs spread in parameters. All parameters you can change and test.
Zscore min and max are stored in global parameters. You can restart EA or metatrader without losing this data.
When you will have some experiences with this EA, write in this thread.
EA is not completed, don‘t use it on live account!
Stick to your plan and you will be successful !!!
  • #4,024
  • Jan 12, 2015 1:13pm Jan 12, 2015 1:13pm
Quoting MultiLion
{quote} My EA can have bugs, thats way is only for demo account - education and tests, you can lose all your money on live account! By testing you can delete or change pairs and level too. Delete from last pair by setting = "" Level 2.5 is only 1. level implemented in this EA. You can change it and test. EA will trade only pairs with yellow color. With this color are only pairs with max TickValue koeficient, Correlation and SUM pairs spread in parameters. All parameters you can change and test. Zscore min and max are stored in global parameters....
Thanks for taking the time to tell me about the EA and for warning me about trading it on a live account. In spite of your warning, I am trading it on a live account as I feel playing with demo accounts is a waste of time and I'm prepared to take the risk. To be honest, I did run it on a demo account for three hours to make sure that it didn't do anything stupid. I also have another EA instance running that will kill all orders and disable your EA if the open loss reaches a certain level.

At the moment, the EA has nine open positions with a net open profit of $412. I'm tempted to grab the profit and start over. I just thought that it would be neat if the EA did this for me automatically. I run EA's on VPS's and seldom watch them. Since your EA is new to me, I have been watching more than normal.

The drawdown went to about $500 at one point. My "kill" EA was set at $600.

I will message you about a few other things.
  • #4,025
  • Jan 12, 2015 1:14pm Jan 12, 2015 1:14pm
Quoting MultiLion
{quote} My EA can have bugs, thats way is only for demo account - education and tests, you can lose all your money on live account! By testing you can delete or change pairs and level too. Delete from last pair by setting = "" Level 2.5 is only 1. level implemented in this EA. You can change it and test. EA will trade only pairs with yellow color. With this color are only pairs with max TickValue koeficient, Correlation and SUM pairs spread in parameters. All parameters you can change and test. Zscore min and max are stored in global parameters....
MultiLionj on which pair Do I have to install the EA?
  • #4,026
  • Jan 12, 2015 1:17pm Jan 12, 2015 1:17pm
Quoting ChuckNZ
{quote} Your EA is currently sitting on about a $350 open net profit on all open positions. Is there a way (in the EA) to have a "basket" TP? Of course, I realise that I could manually close all positions.
Basket TP is on ToDo list when EA will have a future :-)
We need more tests by more traders ... on demo accounts!
When you have now profit on live account, better close all positions :-)
Stick to your plan and you will be successful !!!
  • #4,027
  • Jan 12, 2015 1:24pm Jan 12, 2015 1:24pm
Quoting Pierre
{quote} MultiLionj on which pair Do I have to install the EA?
EA will trade on any pair, preferably EURUSD. We need only ticks ...
Stick to your plan and you will be successful !!!
  • #4,028
  • Jan 12, 2015 3:20pm Jan 12, 2015 3:20pm
Quoting MultiLion
{quote} EA will trade on any pair, preferably EURUSD. We need only ticks ...
Hi MultiLion and thanks, again, for sharing your EA.

I manually closed 9 or 10 open positions with a net profit over $500. I chose not to stop/start the EA. I just closed each trade using another EA running on another PC. In your opinion, is that the best way to grab a basket profit? The EA didn't reopen any positions, so it seemed to work ok.
  • #4,029
  • Jan 12, 2015 4:06pm Jan 12, 2015 4:06pm
Quoting ChuckNZ
{quote} Hi MultiLion and thanks, again, for sharing your EA. I manually closed 9 or 10 open positions with a net profit over $500. I chose not to stop/start the EA. I just closed each trade using another EA running on another PC. In your opinion, is that the best way to grab a basket profit? The EA didn't reopen any positions, so it seemed to work ok.
ChuckNZ, I put the EA on 1h chart EURUSD but it dont trade.
can you let me know your setting?
  • #4,030
  • Jan 12, 2015 4:21pm Jan 12, 2015 4:21pm
Quoting Pierre
{quote} ChuckNZ, I put the EA on 1h chart EURUSD but it dont trade. can you let me know your setting?
The developer (MultiLion) is the best person to comment, but I don't think it matters. As he said in an earlier post, it only needs tick from any chart, any timeframe in order for it to check on what it needs. If you look at the parameters, you will see that he uses his own timeframes and number of periods for computation.

Having said that, I'm now running on three brokers (Tickmill, PFD and FXCM), all live, all set at M15 (not that it matters).

Haven't had a trade in the last hour, after forcing closes on all open positions. Waiting to hear from MultiLion as to the best way to close trades manually. I just closed them and hope that the EA wouldn't re-open them. It worked ok.

I have a concern about stopping/starting the EA. I suspect that it takes a while to build up the data again that it needs.

Whatever MultiLion says, of course, overrules my comments.

I'll report back later as to how the three accounts are doing.
  • #4,031
  • Jan 12, 2015 9:52pm Jan 12, 2015 9:52pm
For this type of EA (either of the two being discussed here), we want to place the EA on one of the most active pair. This is typically EURUSD.

I don't normally watch EA's running, but I have spent a fair amount of time watch MultiLion's EA over the last two days. For some reason the number of ticks on EURJPY has been about three times the number of ticks on EURUSD. I have a feeling that different brokers would have different high volume pairs at certain times of the day.

Do any of you have a tick-counting indicator or EA? It's simple enough to write, but I thought I would ask. Basically, I would like to know the most active (highest number of ticks) pair for each hour of the day. I would then apply the ZScore EA on that pair and perhaps change it to another pair during certain hours. Right now, the most active pair on Tickmill is EURJPY. It's been buzzing for at least three hours!! Or course, it could be event driven.

Another option, of course, is for the author's to use a time delay rather than waiting for a tick. The EA could wake up every 200ms, for instance, instead of every tick. I use that technique in all of my hedging EA's.
  • #4,032
  • Jan 13, 2015 4:21am Jan 13, 2015 4:21am
Quoting ChuckNZ
{quote} Hi MultiLion and thanks, again, for sharing your EA. I manually closed 9 or 10 open positions with a net profit over $500. I chose not to stop/start the EA. I just closed each trade using another EA running on another PC. In your opinion, is that the best way to grab a basket profit? The EA didn't reopen any positions, so it seemed to work ok.
Congratulation to profit, but I still think than using not completed and not tested EA on live account is very dangerous.
No EA is Holly Grail and probably not exist best way to manage or close trades.
EA open position only when actual Zscore level is higher then set in parameters and all other conditions are met. When you close pairs in profit with actual Zscore higher then are set in parameters and other conditions are ok, then EA will immediatelly open new positions. Thats way is not good close position in profit and Zscore higher then set in parameters. In this version EA have each pairs set own level Zscore. Maybe it was enought only one level for all pairs, I dont know, we shoud test it. In next version EA we could have 2 or 3 levels and TP for all basket too.
Please test EA and share your experiences here.
Stick to your plan and you will be successful !!!
  • #4,033
  • Jan 13, 2015 4:27am Jan 13, 2015 4:27am
Quoting MultiLion
{quote} Congratulation to profit, but I still think than using not completed and not tested EA on live account is very dangerous. No EA is Holly Grail and probably not exist best way to manage or close trades. EA open position only when actual Zscore level is higher then set in parameters and all other conditions are met. When you close pairs in profit with actual Zscore higher then are set in parameters and other conditions are ok, then EA will immediatelly open new positions. Thats way is not good close position in profit and Zscore higher then...
Don't worry, I won't hold you responsible if the EA goes nuts!! You have given me good warning. After a lot of excitement when I first started the EA, it hasn't done a trade since. About 12 hours with no trade. No surprise, as I have a fair understanding of what is going on.

I look forward to your new features.

I'm also running XMT on the same accounts and that EA has been doing nicely for me as well.
  • #4,034
  • Jan 13, 2015 10:09am Jan 13, 2015 10:09am
Now the bugs are fixed. I added a few more features.

Test them
Attached File(s)
File Type: mq4 ZScore Diff 2 pairs EA.mq4   11 KB | 1,110 downloads
File Type: mq4 ZScore Diff 3 pairs EA.mq4   12 KB | 949 downloads
  • #4,035
  • Jan 13, 2015 12:26pm Jan 13, 2015 12:26pm
Quoting MultiLion
{quote} Congratulation to profit, but I still think than using not completed and not tested EA on live account is very dangerous. No EA is Holly Grail and probably not exist best way to manage or close trades. EA open position only when actual Zscore level is higher then set in parameters and all other conditions are met. When you close pairs in profit with actual Zscore higher then are set in parameters and other conditions are ok, then EA will immediatelly open new positions. Thats way is not good close position in profit and Zscore higher then...
Hi MultiLion,

Still no trades after 24 hours with your EA, but I may have a clue. I am getting these errors (hundreds of them). See attached snippet.
Attached Image (click to enlarge)
Click to Enlarge Name: EA errors.jpg Size: 38 KB
  • #4,036
  • Jan 13, 2015 12:34pm Jan 13, 2015 12:34pm
I'm using Zscore Diff 3 pairs EA in M15 Timeframe with default settings. It's works well
  • #4,037
  • Jan 13, 2015 2:16pm Jan 13, 2015 2:16pm
Quoting ronaldoaf
I'm using Zscore Diff 3 pairs EA in M15 Timeframe with default settings. It's works well
Which pairs do you use and which chart do you use ?
  • #4,038
  • Jan 13, 2015 3:48pm Jan 13, 2015 3:48pm
Quoting ChuckNZ
{quote} Hi MultiLion, Still no trades after 24 hours with your EA, but I may have a clue. I am getting these errors (hundreds of them). See attached snippet. {image}
Thank you for tests!
New version EA:
- without errors,
- with added parameter CloseBasketMinTP for closing all basket/pairs.
Attached File(s)
File Type: ex4 japi-EA-CORR.ex4   144 KB | 1,103 downloads
Stick to your plan and you will be successful !!!
  • #4,039
  • Jan 13, 2015 4:17pm Jan 13, 2015 4:17pm
Quoting Pierre
{quote} Which pairs do you use and which chart do you use ?
EURUSD - GBPUSD - EURGBP

EURUSD - AUDUSD - invert EURAUD

AUDUSD - invert USDCAD - AUDCAD

USDJPY - DKKJPY - USDDKK

I tested these as they have low spread on EXNESS
  • #4,040
  • Jan 13, 2015 6:18pm Jan 13, 2015 6:18pm
Quoting MultiLion
{quote} Thank you for tests! New version EA: - without errors, - with added parameter CloseBasketMinTP for closing all basket/pairs. {file}
Thank you very much. Will be running this new version as well as Ronaldoaf's latest version. Nice work (both of you).
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