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Hedge and Correlation Strategy

  • #4,121
  • Mar 4, 2015 4:43am Mar 4, 2015 4:43am
RiverTrader,

Read a few post back of ChuchNZ's post and you will find out about the settngs and where to put OrderReliable and what it is for.

Bruce


Quoting RiverTrader
{quote} Hey ChuckNZ, Just found you all here, and download ZScore 3-pair EA version 12 on this post. Can you show me the setting of this EA by post link or else? And, not sure how to do with OrderReliable_120205.mqh on MT4? Thanks ahead.
  • #4,122
  • Mar 4, 2015 4:48am Mar 4, 2015 4:48am
HI ChuckNZ,

I am having some success with the v12. Choosing EURGBP EURUSD GBPUSD

I have a question. How does the normalisation function work? Is there come place in the options that I can reinitialize it without having to wait? So that I can adjust it.

Thanks.

Bruce

Quoting ChuckNZ
ZScore 3-pair results and updated version: Over the last 24 hours (before the markets closed), I was running six instances of ZScore 3-pair EA.
  • #4,123
  • Mar 4, 2015 11:48am Mar 4, 2015 11:48am
Brucech,

EURGBP EURUSD GBPUSD are the pairs I am doing.
Can you share your settings to me here?
Simple is powerful all the time.
  • #4,124
  • Mar 5, 2015 12:03am Mar 5, 2015 12:03am
ChuckNZ,

I found the answer! ResetLevel.

Thanks Chuck and Ronaldo for the EA and additions. It is doing what it should. Now to find the right pairs and levels for them to have it trade!

Bruce
Quoting brucech
HI ChuckNZ, I am having some success with the v12. Choosing EURGBP EURUSD GBPUSD I have a question. How does the normalisation function work? Is there come place in the options that I can reinitialize it without having to wait? So that I can adjust it. Thanks. Bruce {quote}
  • #4,125
  • Mar 5, 2015 12:10am Mar 5, 2015 12:10am
Quoting RiverTrader
Brucech, EURGBP EURUSD GBPUSD are the pairs I am doing. Can you share your settings to me here?
The screen shot shows you how I have it set up.

Attached Image (click to enlarge)
Click to Enlarge Name: EA Zscore 3 pair.jpg Size: 72 KB
  • #4,126
  • Edited 2:13am Mar 5, 2015 12:25am | Edited 2:13am
Thanks much Brucech, and i did put OrderReliable_120205.mqh file into the include folder. (Do i need to do anything else besides put it into the folder?)

So far, all that I have on my MT4 is:
ZScore 3-pair EA version 12 & OrderReliable_120205.mgh

Have I still missed anything else to run this EA?
(btw, I have EA on 1H chart)
Simple is powerful all the time.
  • #4,127
  • Edited 2:30am Mar 5, 2015 2:00am | Edited 2:30am
Quoting brucech
{quote} The screen shot shows you how I have it set up. {image}
Brucech,

I test and big lost on demo account.
I need to correct your EA settings (above)

Maybe:
Pair2 (EUR/USD) does not need to invert.
Invert2 is false in this case.

(However, since I am new to this thread, I maybe wrong.)
Simple is powerful all the time.
  • #4,128
  • Mar 5, 2015 3:07am Mar 5, 2015 3:07am
I am not yet that gifted with the use of this EA either.
But this is how I understand it.

Charted Pair EURGBP SHORT
2nd Pair EURUSD FALSE LONG
3rd Pair GBPUSD FALSE LONG


Charted Pair EURGBP SHORT
2nd Pair EURUSD TRUE SHORT
3rd Pair GBPUSD FALSE LONG

I wanted to take EURGBP and EURUSD in the same direction and the GBPUSD in the opposite direction.

And yes it does go into deep drawdown if it doesn't go back in the right direction....





Quoting RiverTrader
{quote} Brucech, I test and big lost on demo account. I need to correct your EA settings (above) Maybe: Pair2 (EUR/USD) does not need to invert. Invert2 is false in this case. (However, since I am new to this thread, I maybe wrong.)
  • #4,129
  • Edited 2:03pm Mar 5, 2015 1:38pm | Edited 2:03pm
Brucech,

I test your settings in last 20 hours, actually there is nothing wrong with your settings.(your pic above - EUR/USD inverted)
The problem I had big lost on demo, because I switched EA from 1H to 15M chart.
(Becareful, EA was on 1H chart, and I just click on 15M chart and EA closed all positions with lost.)

Here is snapshot to show you test result (EA stayed on 15M last night and run out $1000 profit)
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-03-05_1420.png Size: 129 KB
Simple is powerful all the time.
  • #4,130
  • Edited 3:42pm Mar 5, 2015 2:26pm | Edited 3:42pm
My question for you Brucech, is 500 take profit better result than 1000?
And, can you explain based on what kind of rules EA open new positions?


(Thanks much again!)
Simple is powerful all the time.
  • #4,131
  • Mar 5, 2015 6:49pm Mar 5, 2015 6:49pm
Quoting RiverTrader
My question for you Brucech, is 500 take profit better result than 1000? And, can you explain based on what kind of rules EA open new positions? (Thanks much again!)
I put the 1000 there because I was closing it manually.

But I think the best is let it decide where to close it. You do that by changing the TP_MODE to the number 2.

It will then close it when level returns to CloseHighatLevel 0.5 or CloseLowatLevel -0.5

Bruce
  • #4,132
  • Mar 5, 2015 7:00pm Mar 5, 2015 7:00pm
Quoting brucech
{quote} I put the 1000 there because I was closing it manually. But I think the best is let it decide where to close it. You do that by changing the TP_MODE to the number 2. It will then close it when level returns to CloseHighatLevel 0.5 or CloseLowatLevel -0.5 Bruce
Thanks Brucech, and changed TP close mode on EA.
May I ask if you know: Do I need to do anything else after OrderReliable_120205.mgh is put into include folder on MT4? Or just leave it there.
Simple is powerful all the time.
  • #4,133
  • Mar 5, 2015 7:22pm Mar 5, 2015 7:22pm
No need to do anything else with OrderReliable_120205.mgh... The EA will find it in the directory and use it on its own.

Experiment with this EA on demo account.



Quoting RiverTrader
{quote} Thanks Brucech, and changed TP close mode on EA. May I ask if you know: Do I need to do anything else after OrderReliable_120205.mgh is put into include folder on MT4? Or just leave it there.
  • #4,134
  • Edited 9:29pm Mar 5, 2015 7:36pm | Edited 9:29pm
Yes, thanks Brucech, on demo account.

However, this EA needs a fix, so need to tell ChuckNZ:
All positions closed on any touch or move (like change chart TF or close MT4 for a few seconds).


And, Brucech can you tell me the trade open rules? Or
point me where to read the open rules?
Simple is powerful all the time.
  • #4,135
  • Mar 6, 2015 1:14am Mar 6, 2015 1:14am
I would suggest that once the EA is setup on a chart that you DO NOT change timeframes or close and reopen metatrader. If you do so you are re-initializing the EA. You will have problems! So set it and leave that chart running with the EA.

Look at the picture below for understanding of how it works.
Attached Image (click to enlarge)
Click to Enlarge Name: EA Zscore 3 pair-2.jpg Size: 191 KB
  • #4,136
  • Mar 6, 2015 1:54am Mar 6, 2015 1:54am
Hi SwingMan,

You have done excellent work!

I wonder if you could possibly make a 3 pair Diff indicator having the added option to enter the Pair1 so it would be independent of the pair chart it is on?

Also have it just show the flow of the Diff line and with no other dotted lines for the pairs. This indicator then could be used to look at back history to see what levels the three pairs cycle to.

Would really appreciate it if you could make such an indicator.

Bruce

Quoting SwingMan
{quote} I guess this is what you need... I have made some changes in the existing indicator. {file}
  • #4,137
  • Edited 6:21pm Mar 6, 2015 9:17am | Edited 6:21pm
Quoting brucech
I would suggest that once the EA is setup on a chart that you DO NOT change timeframes or close and reopen metatrader. If you do so you are re-initializing the EA. You will have problems! So set it and leave that chart running with the EA. Look at the picture below for understanding of how it works. {image}
Bruce,

THanks for great work on EA setting again. I guess I need definition on chart pair and invert on EA settings:

1. Does EA always Long a chart pair?
2. When your EA setting is invert EURGBP: are you Short on this pair?

However, I was almost trying to poit out for you on post #4128:

Charted Pair EURGBP SHORT
2nd Pair EURUSD FALSE LONG
3rd Pair GBPUSD FALSE LONG

^ this is not hedge

Charted Pair EURGBP SHORT
2nd Pair EURUSD TRUE SHORT
3rd Pair GBPUSD FALSE LONG
Simple is powerful all the time.
  • #4,138
  • Edited 10:46am Mar 6, 2015 10:17am | Edited 10:46am
Quoting RiverTrader
{quote} Bruce, THanks for great work on EA setting again. I guess I need definition on chart pair and invert on EA settings: 1. Does EA always Long a chart pair? 2. When your EA setting is invert EURGBP: are you Short on this pair? And, I was almost trying to poit out for you on post #4128: Charted Pair EURGBP SHORT 2nd Pair EURUSD FALSE LONG 3rd Pair GBPUSD FALSE LONG ^ this is not hedge Charted Pair EURGBP SHORT 2nd Pair EURUSD TRUE SHORT 3rd Pair GBPUSD FALSE LONG


The first example (not to be followed) to show the need to invert whichever pair that you want to go in the same direction as the first pair (on chart pair) otherwise both the second and third pair will go in the opposite direction of the first pair.

So from what I understand about the EA. (inverted pair=i)

Using EURUSD EURGBP GBPUSD as three pair trading example.

Chart Pair2 Pair3
1. EURGBP iEURUSD GBPUSD
2. EURUSD iEURGBP GBPUSD
3. GBPUSD EURUSD EURGBP

Any of the above EA settings will give you the same results. But the EA will take positions depending upon the pair on the Chart.

(1.) (2.) If price goes up to HighLevels and EURGBP OR EURUSD is the pair on the Chart, then the EA would take Sell positions on the EURGBP AND EURUSD and a Buy position on GBPUSD.

(1.) (2.) The opposite is true if the price goes down to LowLevels and EURGBP or EURUSD is the pair on the Chart, then the EA would take Buyl positions on the EURGBP AND EURUSD and a Sell position on GBPUSD.

(3.) If GBPUSD is the charted pair, then the EA would ... price HighLevels GBPUSD Sell position and EURGBP EURUSD both Buy positions.
(3.) Opposite is true if price LowLevels GBPUSD Buy position and EURGBP EURUSD both Sell positions.

So to answer your question "always long a charted pair" NO. It all depends upon which direction price is traveling + direction or - direction.

If price is traveling + direction and reached HighLevels that are set in the EA it will take a Sell on the charted pair and Buy on the other pairs unless you invert(i) them.
If price is traveling - direction and reached LowLevels that are set in the EA it will take a Buy on the charted pair and Sell on the other pairs unless you invert(i) them..
  • #4,139
  • Mar 6, 2015 12:51pm Mar 6, 2015 12:51pm
How this ea close the trades? in take profit or stop loss?
  • #4,140
  • Edited Mar 7, 2015 3:39am Mar 6, 2015 10:45pm | Edited Mar 7, 2015 3:39am
Quoting cderfv
How this ea close the trades? in take profit or stop loss?
EA close trades by TP:

1. TP_Mode=1, close all by basket of $.
2. TP_Mode=2, close all by level reached to CloseHighAtLevel=0.5/ CloseLowAtLevel=-0.5.

You may refer to Brucech's EA settings (at bottom) on post #4125 & #4135.
Simple is powerful all the time.
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