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Red News Hedge Trading + EA

  • #161
  • Edited 10:40am Nov 23, 2015 10:05am | Edited 10:40am
Quoting MathTrader7
{quote} I think we can make it automate for easier forward testing... But first let's see how it works with your test.
Yes i must test it atleast for 1 week or more .
I start this week a test with ONLY hedging sistem and this is the Myfxbook for this test : https://www.myfxbook.com/members/luc...ertura/1432697
For today i finish my entries and what i like is that today the DD was very little ( 0.5%) with a good profit of 6% .
At the end of the week i can do an idea
  • #162
  • Nov 23, 2015 8:50pm Nov 23, 2015 8:50pm
Quoting LvCa
{quote} It started , i try the perfect hadge (size) of Math7 I will stop when 2 stoch (or the two currencies ) are touching each other (or max SL of -5% )

I used to trade in a similar way. It works until (for example) EUR and GBP break their correlation and head off in different directions - which will happen sooner or later. For this reason I like Mathtrader's idea of getting in and out of the market as quickly as possible and relying on the news for volatility, rather than taking longer term trades.
  • #163
  • Nov 24, 2015 12:22am Nov 24, 2015 12:22am
Quoting skoda2008
{quote} I used to trade in a similar way. It works until (for example) EUR and GBP break their correlation and head off in different directions - which will happen sooner or later. For this reason I like Mathtrader's idea of getting in and out of the market as quickly as possible and relying on the news for volatility, rather than taking longer term trades.
Hi skoda2008,
Can you explain me how do you select pair for buy and sell based or correlation. For example from the attached table of correlation of major pair can you identify which pairs should be selected for Buy and which pair for Sell.
Attached Image (click to enlarge)
Click to Enlarge Name: MajorsCorelation.png Size: 31 KB
  • #164
  • Nov 24, 2015 12:41am Nov 24, 2015 12:41am
Quoting LvCa
{quote} It started , i try the perfect hadge (size) of Math7 I will stop when 2 stoch (or the two currencies ) are touching each other (or max SL of -5% ) {image}
Hi!

Can you please share your indicator and template?

Thanks!
  • #165
  • Nov 24, 2015 12:53am Nov 24, 2015 12:53am
Quoting radadiya
{quote} Hi skoda2008, Can you explain me how do you select pair for buy and sell based or correlation. For example from the attached table of correlation of major pair can you identify which pairs should be selected for Buy and which pair for Sell.
I didn't use a table or calculations to know which pairs were correlated. Just what I guess you could call fundamentals. For example, AUD and NZD tend to follow each other due to close geographical proximity, very similar political/social climate etc. AUD and CAD being resource based currencies and both stable political environments, etc...

I then used percentage change from yesterday's close (NY Close) as the "difference factor". Buy the one that was underperforming, sell the one that was overperforming.
  • #166
  • Edited 5:25am Nov 24, 2015 4:51am | Edited 5:25am
The first version of the indicator which shows the relative price move between two symbols released. I updated Post 1.
I think we can use this indicator to trade two correlated symbols
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 54 KB
Trading is the hardest way to make easy money...
  • #167
  • Nov 24, 2015 5:28am Nov 24, 2015 5:28am
Quoting MathTrader7
The first version of an indicator which shows the relative price move between two symbols released. I updated Post 1. I think we can use this indicator to trade two correlated symbols {image}

I would think the momentum indy that you created would be a good addition. Was it called need for speed or something like?

You are looking to benefit from a quick imbalance in the correlation right?
Solutions ONLY!!!
  • #168
  • Nov 24, 2015 5:31am Nov 24, 2015 5:31am
Quoting BillYon
I would think the momentum indy that you created would be a good addition. Was it called need for speed or something like?
Need for speed? Mmmm.... I remember a good work by Abokwaik named Need4Speed Scalping, but it has nothing to do with the strategy we trade in this thread
Quoting BillYon
You are looking to benefit from a quick imbalance in the correlation right?
Yes, the original idea is to benefit from a quick imbalance in the correlation.
Trading is the hardest way to make easy money...
  • #169
  • Nov 24, 2015 5:39am Nov 24, 2015 5:39am
Abokwaik Need4Speed Scalping

that's it. Sorry for the mixup.

If that idea could see the imbalance by a momentum burst on one vs the other and trigger the hedge...
Solutions ONLY!!!
  • #170
  • Nov 24, 2015 5:42am Nov 24, 2015 5:42am
Quoting naveel
{quote} Hi! Can you please share your indicator and template? Thanks!
Sure
Attached File(s)
File Type: mq4 OverLayChartLINE.mq4   12 KB | 585 downloads

Attached File(s)
File Type: mq4 Stochastic different pairs 1.7_4.mq4   19 KB | 607 downloads


For the tpl is simply White chart with these 2 indicators
  • #171
  • Nov 24, 2015 5:44am Nov 24, 2015 5:44am
Quoting LvCa
{quote} Sure {file} {file} For the tpl is simply White chart with these 2 indicators
Many Thanks!
  • #172
  • Nov 24, 2015 4:11pm Nov 24, 2015 4:11pm
Quoting lvca
{quote} good morning , tell my 2cent idea is the minumum that i can do ... This is an axample of trading (no news) what i do today : {image} it was lucky becouse both went into profit. Ps : I am a farmer, take my ideas as such
can you better explaine your strategy ?
You sell when ?
You buy when?
  • #173
  • Nov 25, 2015 4:02am Nov 25, 2015 4:02am
I am using the latest version and it doesnt open any trades.
Actually it doesn't update the server time.
So I think there is a bug with it.
  • #174
  • Nov 25, 2015 9:38am Nov 25, 2015 9:38am
Quoting pedrosimao
I am using the latest version and it doesnt open any trades. Actually it doesn't update the server time. So I think there is a bug with it.
Do you see any error in the Experts tab of the terminal?
Trading is the hardest way to make easy money...
  • #175
  • Nov 25, 2015 10:05am Nov 25, 2015 10:05am
Quoting armyda
{quote} can you better explaine your strategy ? You sell when ? You buy when?
Hello , i need more time for a good test strategy ...for now i have big problems with the negative correlation and repairing some things of positive correlation : i will have an hard job
  • #176
  • Nov 25, 2015 5:11pm Nov 25, 2015 5:11pm
Quoting MathTrader7
{quote} Do you see any error in the Experts tab of the terminal?
It says it doesn't have enough money. But its not true. My account is 5k... and the order should be sized at 0.5 lot...
I can pretty much open it manually.
When clicking on the EA buttons. it opens and closes the positions in terms of seconds.
  • #177
  • Nov 26, 2015 11:55am Nov 26, 2015 11:55am
I just found out what the problem was.
I needed to let charts of all hedge pairs opened. No matter if they were enabled in the market watch window already...
I have done some three losses today during news. But it is working.
  • #178
  • Nov 26, 2015 11:57am Nov 26, 2015 11:57am
Quoting pedrosimao
I just found out what the problem was. I needed to let charts of all hedge pairs opened. No matter if they were enabled in the market watch window already... I have done some three losses today during news. But it is working.
Glad to hear that you managed to find and solve the problem.
Trading is the hardest way to make easy money...
  • #179
  • Nov 26, 2015 1:12pm Nov 26, 2015 1:12pm
Quoting radadiya
{quote} Hi skoda2008, Can you explain me how do you select pair for buy and sell based or correlation. For example from the attached table of correlation of major pair can you identify which pairs should be selected for Buy and which pair for Sell. {image}
I wasn't asked but would like 2 shares my 2 cents. Let's start with the meaning of correlation

1.) 1 = positive correlation; EURUSD GO UP / XXX GO UP ; EURUSD GO DOWN / XXX GO DOWN
2.) -1 = negative correlation; EURUSD GO UP / XXX GO DOWN; EURUSD GO DOWN / XXX GO UP

The closer to 1 or -1, the higher the chance of 1.) and 2.)

You would want to look for some pair with correlation either close to 1 or -1.

EURUSD/EURGBP = 0.98 (positive)

It means when EU goes up, the chance is EG will go down and vice versa.

So, the hedge then will be "BUY and SELL" or "SELL and BUY"



But if the correlation is negative then it will be

"BUY and BUY" or "SELL and SELL"
  • #180
  • Nov 26, 2015 6:27pm Nov 26, 2015 6:27pm
Quoting karamaramun
{quote} I wasn't asked but would like 2 shares my 2 cents. Let's start with the meaning of correlation 1.) 1 = positive correlation; EURUSD GO UP / XXX GO UP ; EURUSD GO DOWN / XXX GO DOWN 2.) -1 = negative correlation; EURUSD GO UP / XXX GO DOWN; EURUSD GO DOWN / XXX GO UP The closer to 1 or -1, the higher the chance of 1.) and 2.) You would want to look for some pair with correlation either close to 1 or -1. EURUSD/EURGBP = 0.98 (positive) It means when EU goes up, the chance is EG will go down and vice versa. So, the hedge then will be "BUY and...
Thank you!
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