Red News Hedge Trading + EA | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Historical Data Mine - FF Red Folder News and Impact 3 replies

How do I get notifications for Forex Factory red impact news? 4 replies

Best Broker for (High Impact) Red News 6 replies

Trading or Lack Thereof During Red/High Impact News 5 replies

Attachments: Red News Hedge Trading + EA
Exit Attachments

Red News Hedge Trading + EA

  • #101
  • Nov 18, 2015 2:20pm Nov 18, 2015 2:20pm
Thanks Math!

I have a doubt regarding the perfect hedge function. Instead of opening 0.08 EU and 0.1 UJ, the most approximated condition woudn't be 0.09 EU and 0.1 UJ?
  • #102
  • Nov 18, 2015 2:25pm Nov 18, 2015 2:25pm
Quoting johnmack
1 - Insert option to automatically open the orders 30 seconds before the hour and minute the user sets. For example. I can check the news for today, go to EA, insert the trading time of the news I want, and then the EA will open the trades for me 30 seconds before that time and day. The EA could also obtain the high impact news automatically, but that takes a lot more time to do I believe.
2 - Insert option to set a maximum time to wait for the target profit to be reach. If after that time the target has not been reach yet, the EA...
I'll implement the bold suggestions in the next versions.
I didn't get the stop loss policy from your text.
Trading is the hardest way to make easy money...
  • #103
  • Nov 18, 2015 2:28pm Nov 18, 2015 2:28pm
Quoting MathTrader7
{quote} You opened the basket half of hour before FOMC news release???
actually i opened it before one hour before the news.

i saw there is a strong correlation from this site on 5 min, hour, daily, weekly all of them above 90% moreover GBPNZD is high voiltry currency. when i opened the EA i saw Buy/Buy or Sell/Sell i press Sell/Sell

https://www.mataf.net/fr/tools/01-01-correlation
Every day there is chances
  • #104
  • Edited 3:03pm Nov 18, 2015 2:47pm | Edited 3:03pm
Quoting johnmack
Thanks Math! I have a doubt regarding the perfect hedge function. Instead of opening 0.08 EU and 0.1 UJ, the most approximated condition woudn't be 0.09 EU and 0.1 UJ?
Good question!

Let me explain it. One pip of one lot USDJPY is worth about 8.1 USD (at the moment of writing this post), while one pip of one lot EURUSD is worth 10.0 USD. In order to equalize the worth of pips, we have to open, for example, 1.00 lot USDJPY and 0.81 lot EURUSD. Now, if both symbols move 10 pips in same direction, EURUSD symbol results in

+10.0 pip x 0.81 lot x 10.0 USD/pip lot = +81 USD

and USDJPY results in

-10.0 pip x 1.00 lot x 8.1 USD/pip lot = -81 USD

if we assume that EURUSD position would be in profit (and consequently USDJPY position would be in loss).

We neglect the small change in one pip worth of USDJPY during the market move, as well as other trade costs such as commision, swap, etc. in this example.

Note: It may be better not to call this function as perfect hedge lot size calculation, it's better to be called pip worth equalization.
Trading is the hardest way to make easy money...
  • #105
  • Nov 18, 2015 3:00pm Nov 18, 2015 3:00pm
Mr. MathTrader,
Check the correlation for EUR/USD and EUR/GBP
in onada and the other site. it is a very good correlation.

i just jump on them
Every day there is chances
  • #106
  • Nov 18, 2015 3:07pm Nov 18, 2015 3:07pm
Quoting MathTrader7
{quote} The same settings here. However, I disabled perfect hedge lot calculation for this trade.
A ok , finally i close the trade in loss (-11€) becouse i go to sleep and i think that i was unlucky becouse it start in fast profit to 4/4,5 € and after it changed direction .
Good night all guys
  • #107
  • Nov 18, 2015 5:09pm Nov 18, 2015 5:09pm
Version 1.40 of the EA released. In this version two additional buttons let the user close main and/or hedge position individually. I updated Post 1.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 48 KB
Trading is the hardest way to make easy money...
  • #108
  • Nov 18, 2015 6:43pm Nov 18, 2015 6:43pm
MathTrader7,

I can't open version 1.4 . Is it due to my platform still on Build 902?

All earlier versions I had no problem.

I'm thanking you in advance for any assistance towards this issue.
  • #109
  • Nov 18, 2015 6:46pm Nov 18, 2015 6:46pm
Quoting goldcourse
MathTrader7, I can't open version 1.4 . Is it due to my platform still on Build 902? All earlier versions I had no problem. I'm thanking you in advance for any assistance towards this issue.
Yes, that's because of your MT4 build 902. You can upgrade by adding MetaQuote-Demo account to your MT4 platform. Then restart it.
Trading is the hardest way to make easy money...
  • #110
  • Nov 18, 2015 6:49pm Nov 18, 2015 6:49pm
Quoting MathTrader7
{quote} Yes, that's because of your MT4 build 902. You can upgrade by adding MetaQuote-Demo account to your MT4 platform. Then restart it.
Ok,

Will try that. Thanks
  • #111
  • Nov 19, 2015 2:36am Nov 19, 2015 2:36am
Quoting MathTrader7
Version 1.40 of the EA released. In this version two additional buttons let the user close main and/or hedge position individually. I updated Post 1. {image}
During news, the price in most cases moves so fast that clicking either close buttons might not be the most effective thing to do instead a preset stoploss on each trade can be a better option.
  • #112
  • Nov 19, 2015 2:58am Nov 19, 2015 2:58am
Good moorning
GBP news ''Retail Sales'' probably i will take CHF/JPY -GBP/JPY ; corr. -78% (BUY-BUY)
I have an hard question that i muast resolve , but is better write it after the news
  • #113
  • Nov 19, 2015 3:54am Nov 19, 2015 3:54am
Quoting Eng.JMD
Mr. MathTrader, Check the correlation for EUR/USD and EUR/GBP in onada and the other site. it is a very good correlation. i just jump on them
Got 200$
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpeg Size: 50 KB
Every day there is chances
  • #114
  • Nov 19, 2015 6:00am Nov 19, 2015 6:00am
One of the most interesting threads I've found in this year!
Thank you for sharing.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #115
  • Nov 19, 2015 6:02am Nov 19, 2015 6:02am
Quoting MathTrader7
{quote} Good question! Let me explain it. One pip of one lot USDJPY is worth about 8.1 USD (at the moment of writing this post), while one pip of one lot EURUSD is worth 10.0 USD. In order to equalize the worth of pips, we have to open, for example, 1.00 lot USDJPY and 0.81 lot EURUSD. Now, if both symbols move 10 pips in same direction, EURUSD symbol results in +10.0 pip x 0.81 lot x 10.0 USD/pip lot = +81 USD and USDJPY results in -10.0 pip x 1.00 lot x 8.1 USD/pip lot = -81 USD if we assume that EURUSD position would be in profit (and...
Thanks a lot for the answer Math!
  • #116
  • Nov 19, 2015 6:15am Nov 19, 2015 6:15am
Quoting MathTrader7
{quote} I'll implement the bold suggestions in the next versions. I didn't get the stop loss policy from your text.
Cool thanks again!

Regarding the stop loss suggestion, I mean that after some time set by the user after the news, if the positions aren't in profit, the EA could:
1 - Set a Stop Loss of $$, which in case is reach it will close both orders, and
2 - Set a "Negative" Take Profit. For Example: If both orders are showing a loss of -10$, the EA would place a negative Take Profit at -5$. So in case the order's losses reduces from -10$ to -5$, it will close the orders. This is a idea to catch the lowest loss possible. I see some EAs that uses this, and works most of the time, because before going into deeper losses, the market cycles and reduce the losses, before going deep again.

Just some suggestions!
  • #117
  • Nov 19, 2015 1:00pm Nov 19, 2015 1:00pm
Quoting LvCa
Good moorning GBP news ''Retail Sales'' probably i will take CHF/JPY -GBP/JPY ; corr. -78% (BUY-BUY) I have an hard question that i muast resolve , but is better write it after the news
I have a question 'cause I can not understand one thing: if there is' a news should always cover themselves with a couple who are interested in the news, or simply the correlation ??
(sorry for my English, I make an example) ...
If the news on the USD will then:
1- work only on EUR / USD (example) against USD / xxx (only cross with the dollar) ??
2-Work on EUR / USD vs any cross correlated ??

, good night all
  • #118
  • Edited 3:02pm Nov 19, 2015 2:46pm | Edited 3:02pm
Version 1.50 of the EA released. In this version the user can enter time of trade to let the EA automatically open two positions. I updated Post 1.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 50 KB
Trading is the hardest way to make easy money...
  • #119
  • Nov 19, 2015 3:17pm Nov 19, 2015 3:17pm
Quoting MathTrader7
Version 1.50 of the EA released. In this version the user can enter time of trade to let the EA automatically open two positions. I updated Post 1. {image}
Thanks very much.
Every day there is chances
  • #120
  • Nov 19, 2015 3:20pm Nov 19, 2015 3:20pm
Quoting MathTrader7
Version 1.50 of the EA released. In this version the user can enter time of trade to let the EA automatically open two positions. I updated Post 1. {image}
...Broker, or pc time?
0 traders viewing now