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Red News Hedge Trading + EA

  • #121
  • Nov 19, 2015 3:34pm Nov 19, 2015 3:34pm
Quoting bazze
{quote} ...Broker, or pc time?
This version is in broker time, but I may change it to local PC time in the next version. Let's see how this version works.
Trading is the hardest way to make easy money...
  • #122
  • Nov 19, 2015 3:46pm Nov 19, 2015 3:46pm
Quoting Eng.JMD
{quote} Got 200$ {image}
It's great but what if it goes in opposite direction? You will loss $200? During news nobody knows where the price will go..
  • #123
  • Nov 19, 2015 3:51pm Nov 19, 2015 3:51pm
Quoting dafa
{quote} It's great but what if it goes in opposite direction? You will loss $200? During news nobody knows where the price will go..
You are totally right. But I am testing until I understand this EA correctly.
Every day there is chances
  • #124
  • Nov 19, 2015 4:12pm Nov 19, 2015 4:12pm
Quoting Eng.JMD
{quote} You are totally right. But I am testing until I understand this EA correctly.
I will test it tomorow
  • #125
  • Nov 19, 2015 5:15pm Nov 19, 2015 5:15pm
Hello MathTrader7 !

I'm basically new in the hedge trading.

The first idea comes to my mind: is it proper to use ADR indicator as an additional correlation factor for calculating the lot sizes?

For example: I want to trade EUR/USD vs NZDUSD. NZDUSD has lower ADR, so it needs extra multiplier (ADR EUR/USD : ADR NZDUSD). Maybe it's not very useful for a news trading, but for basical it should.

The second idea : stop loss for overall loss.
  • #126
  • Nov 19, 2015 11:14pm Nov 19, 2015 11:14pm
Quoting MathTrader7
{quote} This version is in broker time, but I may change it to local PC time in the next version. Let's see how this version works.
Thanks...
  • #127
  • Nov 20, 2015 12:20am Nov 20, 2015 12:20am
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.
can you please post the link where can I create demo account for upgrading the MT4 build 902 to 904 ?
  • #128
  • Nov 20, 2015 4:01am Nov 20, 2015 4:01am
Version 1.55 of the EA released. In this version the user can specify a net stop loss in money. The EA closes the basket if either SL or TP reaches regardless of being in Manual or Time Based Auto mode. I updated Post 1.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 52 KB
Trading is the hardest way to make easy money...
  • #129
  • Nov 20, 2015 4:12am Nov 20, 2015 4:12am
Quoting MathTrader7
Version 1.55 of the EA released. In this version the user can specify a net stop loss in money. The EA closes the basket if either SL or TP reaches regardless of being in Manual or Time Based Auto mode. I updated Post 1. {image}
Q:
1. How does it calculate the SL ?
2. correlation calculation for which timeframe is shown on the chart?
  • #130
  • Nov 20, 2015 4:51am Nov 20, 2015 4:51am
Quoting samz321
{quote} Q: 1. How does it calculate the SL ? 2. correlation calculation for which timeframe is shown on the chart?
A: 1. Let me explain it with an example. You set the SL input to 10.0 USD, if the sum of profits of positions becomes equal to or less than -10.0 USD, the EA closes both positions. I assume that your account balance is in USD in this example.

A: 2. The correlation is 200 H1 Open prices of the symbols.
Trading is the hardest way to make easy money...
  • #131
  • Nov 20, 2015 5:00am Nov 20, 2015 5:00am
Quoting MathTrader7
{quote} A: 1. Let me explain it with an example. You set the SL input to 10.0 USD, if the sum of profits of positions becomes equal to or less than -10.0 USD, the EA closes both positions. I assume that your account balance is in USD in this example. A: 2. The correlation is 200 H1 Open prices of the symbols.
Thanks MathTrader7. Got it.
  • #132
  • Nov 20, 2015 5:08am Nov 20, 2015 5:08am
Quoting MathTrader7
{quote} A: 1. Let me explain it with an example. You set the SL input to 10.0 USD, if the sum of profits of positions becomes equal to or less than -10.0 USD, the EA closes both positions. I assume that your account balance is in USD in this example. A: 2. The correlation is 200 H1 Open prices of the symbols.
Another 2 Q:

1. which pairs are the best for positive correlation and negative correlation for this EA?

2. How percentage we should consider for both positive and negative correlation pairs for red news hedging?
  • #133
  • Edited 5:30am Nov 20, 2015 5:14am | Edited 5:30am
Quoting samz321
{quote} Another 2 Q: 1. which pairs are the best for positive correlation and negative correlation for this EA? 2. How percentage we should consider for both positive and negative correlation pairs for red news hedging?
I personally look at M1 bars of two positively or negatively correlated pairs only at red news time releases to study how they move together. I use H1 correlation with a threshold of 0.5 to quickly filter out non-promising pairs of symbols. For example, if the correlation between two symbols is -0.45, I'll skip to another pair of symbols.
After finding a pair of symbols with an absolute correlation greater than 0.5, you need to do your homework by studying M1 bars correlation between them at red news time releases.
Trading is the hardest way to make easy money...
  • #134
  • Nov 20, 2015 5:30am Nov 20, 2015 5:30am
Quoting MathTrader7
{quote} I personally look at M1 bars of two positively or negatively pairs only at red news time release to study how they move together. I use H1 correlation with a threshold of 0.5 to quickly filter out non-promising pair of symbols. For example, if the correlation between two symbols is -0.45, I'll skip to another pair of symbols. After finding a pair of symbols with an absolute correlation greater than 0.5, you need to do your homework by studying M1 bars correlation between them at red news time releases.
Gr8 Advice! Many thanks. It will be very much useful for me as I am new in forex.
  • #135
  • Edited 9:02am Nov 20, 2015 5:41am | Edited 9:02am
Nice improvements. No individual SL yet and the additional lots?
  • #136
  • Nov 20, 2015 5:46am Nov 20, 2015 5:46am
Quoting Surgefx
Nice improvements. No individual SL yet and the additional of lots?
Not yet! I'll implement them in the next versions.
Trading is the hardest way to make easy money...
  • #137
  • Nov 20, 2015 5:57am Nov 20, 2015 5:57am
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}
Awesome thanks for the update Math!
  • #138
  • Nov 20, 2015 7:20am Nov 20, 2015 7:20am
Quoting MathTrader7
Version 1.55 of the EA released. In this version the user can specify a net stop loss in money. The EA closes the basket if either SL or TP reaches regardless of being in Manual or Time Based Auto mode. I updated Post 1. {image}
Wow , thank you , i will try it now on CAD news.
I will try USDCAD/GBPCAD sell/buy
  • #139
  • Nov 20, 2015 9:51am Nov 20, 2015 9:51am
Quoting johnmack
{quote} Awesome thanks for the update Math!
You're welcome! :-)
Trading is the hardest way to make easy money...
  • #140
  • Nov 20, 2015 9:52am Nov 20, 2015 9:52am
Quoting LvCa
{quote} Wow , thank you , i will try it now on CAD news. I will try USDCAD/GBPCAD sell/buy
How did it work for you?
Trading is the hardest way to make easy money...
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