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Red News Hedge Trading + EA

  • #41
  • Nov 16, 2015 5:48pm Nov 16, 2015 5:48pm
Quoting BillYon
A THING OF BEAUTY MATH THANK YOU!!! What do you think of a money flow cross trigger for auto trigger? Crude but may be effective... {image}
You're welcome! :-)

Thanks for sharing your idea! I'll study the performance of MFI indicator...
Trading is the hardest way to make easy money...
  • #42
  • Nov 17, 2015 2:00am Nov 17, 2015 2:00am
This is a great Idea - really would like to test drive it.
I have installed the EA but it only shows the 'Close All' Button - Can you please advise?

Thanks a mill.
  • #43
  • Nov 17, 2015 3:02am Nov 17, 2015 3:02am
Quoting Kandi Trader
This is a great Idea - really would like to test drive it. I have installed the EA but it only shows the 'Close All' Button - Can you please advise? Thanks a mill.
Set the first input sttings to false
Trading is the hardest way to make easy money...
  • #44
  • Nov 17, 2015 3:34am Nov 17, 2015 3:34am
Tried to open trades during the GBP news, at 10.30 (GMT+1) but none of the buttons worked????
  • #45
  • Edited 4:20am Nov 17, 2015 3:43am | Edited 4:20am
Quoting bazze
Tried to open trades during the GBP news, at 10.30 (GMT+1) but none of the buttons worked????
Probably it was a problem from your broker. I traded it with GBPUSD and EURUSD 30 seconds before news release successfully.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 29 KB
Trading is the hardest way to make easy money...
  • #46
  • Nov 17, 2015 3:51am Nov 17, 2015 3:51am
Yes, I think so too....(I used the same pairs like you did...)
  • #47
  • Nov 17, 2015 4:04am Nov 17, 2015 4:04am
Quoting MathTrader7
{quote} Probably it was a problem from your broker. I traded it with GBPUSD and EURUSD 30 seconds before news release successfully.
Hello , me too in GU/EU .
% correlation TF H1 = +75%
My entry was when GU stochastic was highter but no in area OB (maybe i wrong) ... i will test
At the start the trade was fast in profit of 5€ ( 0.5%) but i didn't close it and the trade finished in loss of 10€ (1%)

Start :
Attached Image (click to enlarge)
Click to Enlarge Name: INIZIO.png Size: 130 KB


Close SL (maybe here i could retry with buy/sell the correlation ( Stocastics in OS/OB)
Attached Image (click to enlarge)
Click to Enlarge Name: fine.jpg Size: 403 KB
  • #48
  • Edited 4:57am Nov 17, 2015 4:19am | Edited 4:57am
Quoting LvCa
{quote} Hello , me too in GU/EU . % correlation TF H1 = +75% My entry was when GU stochastic was highter but no in area OB (maybe i wrong) ... i will test At the start the trade was fast in profit of 5 ( 0.5%) but i didn't close it and the trade finished in loss of 10 (1%) Start : {image} Close SL (maybe here i could retry with buy/sell the correlation ( Stocastics in OS/OB) {image}
I usually set the lot size to 0.1, with perfect hedge calculation enabled and a target profit of 5 USD. Because EA checks if the net profit is greater than the target profit to close the basket, when price jumps there is a high probability that profit exceeds 5 USD. In my recent trade of GBP red news, it gave me a profit of about 20 USD :-)
So, my advice is to set the target profit to a small amount. If the market is generous, it gives us more, if not, there is still higher probability to reach a small amount of profit to close the basket before it goes to loss zone....
Trading is the hardest way to make easy money...
  • #49
  • Nov 17, 2015 4:23am Nov 17, 2015 4:23am
Quoting MathTrader7
{quote} I usually set the lot size to 0.1, with perfect hedge calculation enabled and a target profit of 5 USD. Because EA checks if profit is greater than the target profit to close the basket, when price jumps there is a high probability that profit exceeds 5 USD. In my recent trade of GBP red news, it gave me a profit of about 20 USD :-) So, my advice is to set the target profit to a small amount. If the market is generous, it gives you more, if not, there is still higher probability to reach a small amount of profit to close the basket before...
Oh perfect ( i changed it to 10€ but now i took it in 5E) .. thank you very very mutch
  • #50
  • Nov 17, 2015 4:28am Nov 17, 2015 4:28am
Quoting LvCa
{quote} Oh perfect ( i changed it to 10 but now i took it in 5E) .. thank you very very mutch
You're welcome! :-)
And no doubt that one can trade higher lot size and accordingly increase the target profit...
Trading is the hardest way to make easy money...
  • #51
  • Nov 17, 2015 4:38am Nov 17, 2015 4:38am
Please how is the closing option working can it be made to keep the winning trade open while closing the losing trade? cos currently it seems to close the winning trade if the losing hedge trade is closed.
  • #52
  • Nov 17, 2015 4:41am Nov 17, 2015 4:41am
Quoting Surgefx
Please how is the closing option working can it be made to keep the winning trade open while closing the losing trade? cos currently it seems to close the winning trade if the losing hedge trade is closed.
If the basket profit exceeds the Take Profit (money) value, the EA closes both positions.
If the user clicks on Close All button, the EA closes both positions regardless of the profit/loss.
Trading is the hardest way to make easy money...
  • #53
  • Nov 17, 2015 4:50am Nov 17, 2015 4:50am
Quoting MathTrader7
{quote} If the basket profit exceeds the Take Profit (money) value, the EA closes both positions. If the user clicks on Close All button, the EA closes both positions regardless of the profit/loss.
Fine. But when the user manually closes the losing trade (maybe by setting a SL on it which gets hit like I did) can the winning one be allowed to keep running?.
  • #54
  • Nov 17, 2015 4:55am Nov 17, 2015 4:55am
Quoting Surgefx
{quote} Fine. But when the user manually closes the losing trade (maybe by setting a SL on it which gets hit like I did) can the winning one be allowed to keep running?.
The EA won't work correctly if the user manipulates the open positions...
Trading is the hardest way to make easy money...
  • #55
  • Nov 17, 2015 5:11am Nov 17, 2015 5:11am
Quoting MathTrader7
{quote} The EA won't work correctly if the user manipulates the open positions...
Please make this EA capable of executing "Let your winners run and cut your losers short! "
  • #56
  • Nov 17, 2015 5:12am Nov 17, 2015 5:12am
Quoting Surgefx
{quote} Please make this EA "Let your winners run and cut your losers short! "
I'm working on a new version (v1.30, as you can see it on the screenshot I attached above) which adds positions in the direction of the winner instead of closing the loser. More about this when my test is done....
Trading is the hardest way to make easy money...
  • #57
  • Edited 9:02pm Nov 17, 2015 6:22am | Edited 9:02pm
Hi,

Im trading at PFD-NZ and used your EA to my live account for test with 250$ balance and 1:300 of leverage for 100% stop out.
i have tested on demo and all working great until i traded on live acc. When i pressed Buy/sell then it opened on a buy position at 0.01 volume.
Pls help me !

Thanks
  • #58
  • Edited 7:04am Nov 17, 2015 6:53am | Edited 7:04am
Quoting kevinmaroons
...... 100% stop out....!
What do you mean? the $250 gone?. Your leverage is too much BTW. A need for stoploss in the EA.
  • #59
  • Nov 17, 2015 7:00am Nov 17, 2015 7:00am
I mean that when i pressed buy/sell on my live account. The ea opened only buy 0.01 posion instead of 1 buy and 1 sell for 0.1 lot of settings
  • #60
  • Nov 17, 2015 7:07am Nov 17, 2015 7:07am
Quoting MathTrader7
{quote} I'm working on a new version (v1.30, as you can see it on the screenshot I attached above) which adds positions in the direction of the winner instead of closing the loser. More about this when my test is done....
Hello dear, MathTrader7. Thank you for the adviser.
I have a question about his work. When we open the deal before the news and hedzhiruem another couple we did not know what the news will be released - positive or negative for the pair. If we assume we have sold GBP / DRC B and bought the EUR / DRC and the news came out negative for the pound and it because it is very volatile and can move 100 points in the opposite direction. The question then becomes what is the meaning of this short-term hedge? If I know that there are strategies work on the correlation of currencies, but then open the transaction only on the basis of large deviations and correlation of currencies
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