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Red News Hedge Trading + EA

  • #241
  • Dec 9, 2015 4:56pm Dec 9, 2015 4:56pm
Quoting MathTrader7
Here is a screenshot of the beta version of my own currency strength indicator (it is still under development).{image} The blue line shows the strength of NZD while the white line shows the strength of USD. The indicator's base point (reset point in time) is the beginning of the day. What do you think to trade the cross between two currencies strength lines? Did anybody try to trade with such crosses? If so, how profitable is this strategy?
Just like any other line-crossing strategies (such as MA), it's prone to whipsaw....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #242
  • Dec 9, 2015 5:13pm Dec 9, 2015 5:13pm
Quoting heispark
{quote} Just like any other line-crossing strategies (such as MA), it's prone to whipsaw....
So, have you tried a similar strategy based on a cross between two currencies' strength lines? If so, would you please tell me which indicator did you use?
Trading is the hardest way to make easy money...
  • #243
  • Dec 9, 2015 6:19pm Dec 9, 2015 6:19pm
Quoting MathTrader7
{quote} So, have you tried a similar strategy based on a cross between two currencies' strength lines? If so, would you please tell me which indicator did you use?
I tried Nihilist's CSM as well without much success. May others have different experience though...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #244
  • Dec 9, 2015 6:34pm Dec 9, 2015 6:34pm
Quoting heispark
{quote} I tried Nihilist's CSM as well without much success. May others have different experience though...
Thanks! Let's see how trading based on my CSM would work... I am developing an EA for the cross strategy to do forward test.
Trading is the hardest way to make easy money...
  • #245
  • Dec 9, 2015 6:42pm Dec 9, 2015 6:42pm
AUD Employment change. One loser...
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: 2015-12-10_9-47-49.png Size: 37 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #246
  • Dec 10, 2015 6:05am Dec 10, 2015 6:05am
GBP Rate decision. Market wasn't much impressed by the news and I manually closed the trading with small profit.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-12-10_21-03-48.png Size: 6 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #247
  • Dec 10, 2015 7:33am Dec 10, 2015 7:33am
Quoting heispark
I have an idea. What if I hedge using EURUSD and USDCHF? They are almost opposite like a mirror. My broker's swap rate is listed below: EURUSD Long: -2.38 Short: 0.96 USDCHF Long: 1.56 Short: -4.06 So, what if I sell EURUSD and buy USDCHF and keep them open (without stop loss, but only with profit target) till the EA closes the trade when profit taget hits (ex. 20 or 30 pips). Even if the profit target doesn't hit for a long period of time, I will still be collecting small money from swap. Once, PT hits, I open another hedge position. What do you...
I think this strategy is called Carry Trade. And it works if the correlation between two currency pairs holds for a long time and that the broker do not change the swap rates regularly. What is your broker by the way?
Trading is the hardest way to make easy money...
  • #248
  • Dec 10, 2015 7:44am Dec 10, 2015 7:44am
Quoting MathTrader7
{quote} I think this strategy is called Carry Trade. And it works if the correlation between two currency pairs holds for a long time and that the broker do not change the swap rates regularly. What is your broker by the way?
Pepperstone.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #249
  • Dec 10, 2015 8:29am Dec 10, 2015 8:29am
Hello guys itry to tell an idea that i hope it could be good , i dont' know .
in the graph there are 1EA that i use only as an indicator ( no ea) and an indicator of power ( there are many power indicator and this is the ''cash spitting sensor'') .
In the ''ea'' are sign in yellow the possible trade with good %correlation , the total spread , etc.. but if we can use the power i think that we can cancel the 3 column with zs indicator and put in only one column with the difference of power.
In this example :
AUDJPY/CADJPY ( i filetred the pairs with more than +70%correlation and 4pips max spread )
% corr = +81%
diff power is -37.3 = AUDJPY have more power tha CADJPY so...
...so i could trade long AUDJPY and short CADJPY (obvius AUD have more power than CAD)

Attached Image (click to enlarge)
Click to Enlarge Name: IDEA.png Size: 275 KB


IF it is no an stupid idea and it could be easy to do , i will share the indicators (obvious) if someone want it.
  • #250
  • Dec 10, 2015 10:59am Dec 10, 2015 10:59am
Quoting LvCa
Hello guys itry to tell an idea that i hope it could be good , i dont' know . in the graph there are 1EA that i use only as an indicator ( no ea)......
Have you been profitable or at least tested and got good performance in demo, mixing these indicators and @MathTrader7 EA?
If so please share them
  • #251
  • Dec 11, 2015 7:32am Dec 11, 2015 7:32am
USD Core Retail Sales. Another small winner...
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-12-11_22-31-01.png Size: 6 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #252
  • Dec 12, 2015 7:54pm Dec 12, 2015 7:54pm
Once I've identified pairs with good correlation, and am close to high impact news:

Which button to press? (Which direction to enter?)

or is this supposed to be indifferent as the hedging takes care of it?

I'm trying to understand how this strategy makes money if we're taking (in theory) perfectly hedged positions.

If someone could post a complete example of a winning trade (in the scenario that everything goes as planned)! it'd be much appreciated by traders like me who are 100% new to this type of strategy.

I've already read the whole thread by the way. Still feel compelled to ask!
Thx!
DIego
  • #253
  • Dec 12, 2015 11:11pm Dec 12, 2015 11:11pm
Quoting acostafulano
Once I've identified pairs with good correlation, and am close to high impact news: Which button to press? (Which direction to enter?) or is this supposed to be indifferent as the hedging takes care of it? I'm trying to understand how this strategy makes money if we're taking (in theory) perfectly hedged positions. If someone could post a complete example of a winning trade (in the scenario that everything goes as planned)! it'd be much appreciated by traders like me who are 100% new to this type of strategy. I've already read the whole thread...
I'd bet for stronger currency against weaker one... Either see currency strength meter or analysis report, or just watch the charts... Of course, none of them can guarantee wining trade you know... And this is imperfect hedge...if it's perfect hedge, you don't make/lose any money.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #254
  • Dec 13, 2015 4:41am Dec 13, 2015 4:41am
Quoting MathTrader7
{quote} Thanks! Let's see how trading based on my CSM would work... I am developing an EA for the cross strategy to do forward test.
I also have had bad results with the nihilists CSM. It was simply to CPU intensive especially using many charts . For CSM I'm using the currency strenght meter and (more important) the rsioma v4. This is the best indi I know.
Attached File(s)
File Type: ex4 currency-strength-meter.ex4   25 KB | 657 downloads
File Type: ex4 RSIOMA_v4.ex4   27 KB | 558 downloads
File Type: mq4 RSIOMA_v4.mq4   11 KB | 718 downloads
  • #255
  • Dec 13, 2015 4:46am Dec 13, 2015 4:46am
Quoting PBPTaker
{quote} I also have had bad results with the nihilists CSM. It was simply to CPU intensive especially using many charts . For CSM I'm using the currency strenght meter and (more important) the rsioma v4. This is the best indi I know. {file} {file} {file}
Hi PBPTaker,

Thanks for the indicators! :-)

Since my CSM indicator is still under development, I'll make an EA using your attached indicators. Let's see how it would work.

Best,
Math
Trading is the hardest way to make easy money...
  • #256
  • Dec 13, 2015 5:38am Dec 13, 2015 5:38am
Quoting MathTrader7
{quote} Hi PBPTaker, Thanks for the indicators! :-) Since my CSM indicator is still under development, I'll make an EA using your attached indicators. Let's see how it would work. Best, Math
Hi MathTrader7. You can't rely on my (it is not my Indi, I've found it somewhere on FF) CSM because it gives you only the current market view (in opposite to the nihilist csm). I've created a powershellscript which agregates the values from the past and two indicators which are getting the values into a file and the second puts the aggregated values back back to the MT4 into global variables. But this is far too complicated (this is because I do not share my powershell script). Perhaps you knwo how to do this using mql.

But using the rsioma it is simply not neccessary to use it. I've modified the TCO-trader to use the rsioma. It works, but it has still to much unnedet code and input parameters in it.
If you can help to clean my Tco-Trader ... otherwhise you can have it as an idea. I share my things because I also have found those things free available ...
Attached File(s)
File Type: ex4 TCO_Trader_RSIOMA.ex4   133 KB | 430 downloads
File Type: mq4 TCO_Trader_RSIOMA.mq4   91 KB | 543 downloads
  • #257
  • Dec 13, 2015 6:40am Dec 13, 2015 6:40am
Quoting damodaranuda
{quote} Have you been profitable or at least tested and got good performance in demo, mixing these indicators and @MathTrader7 EA? If so please share them
Hello i read your post only now , sorry .
The last week was good before the big DD of last day that dragged my account in Break even (near break even with 0.6% of profit ) so i think that the problem (for me ) is the bigger size (0.10 on 1000$ demo account) , probably i must test it with half size.
I upload the cash spitting sensor and the csm that i see now called CC (probably is more light than Nihlist's indicator)
The EA was only for looking the correaltion , I USE IT ONLY AS AN INDICATOR ( but everyone does as he wishes) .

Attached File(s)
File Type: ex4 Cash Spitting Sensor (e).ex4   98 KB | 476 downloads

Attached File(s)
File Type: mq4 Cash Spitting Sensor (e).mq4   40 KB | 573 downloads

Attached File(s)
File Type: ex4 CC mtf & alerts 2.03 nmc.ex4   121 KB | 472 downloads

Attached File(s)
File Type: mq4 CC mtf & alerts 2.03 nmc.mq4   30 KB | 513 downloads

Attached File(s)
File Type: ex4 japi-EA-CORR (1).ex4   144 KB | 548 downloads
  • #259
  • Dec 13, 2015 5:53pm Dec 13, 2015 5:53pm
Tradable red news in this week: http://www.forexpeacearmy.com/commun...19-2015.43319/
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #260
  • Dec 15, 2015 12:14am Dec 15, 2015 12:14am
Quoting MathTrader7
{quote} The chart you have attached is a very good example for the explanation. My personal strategy: Wait for the currency strength meter indicator to show a cross, then there would be a high probability [1] that at least one of the currencies (USD or CHF, in this example) to continue in the direction of the cross. In the cross you highlighted in blue, I would go for selling AUDCHF and buying AUDUSD. Note: Always check the correlation between two pairs on H1 (base time frame) and make sure that their absolute correlation over 200 last...
About what currency strength meter indicator write? And what TF is placed? I attach to assess different currency strength meter indicator.
Attached File(s)
File Type: ex4 10.5 CSS 4H 1.0.8_6xxA.ex4   52 KB | 497 downloads
File Type: mq4 10.5 CSS 4H 1.0.8_6xxA.mq4   32 KB | 587 downloads
Please excuse the bad English via Google Translate.
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