Programming help for "the sure fire hedging strategy" needed | Forex Factory

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Programming help for "the sure fire hedging strategy" needed

  • #1
  • First Post: Jul 11, 2012 3:12pm Jul 11, 2012 3:12pm
Hi

I used alot of energy trying to use "the sure fire hedging strategy"
(forexfactory.com/attachment.php?attachmentid=743326&d=1310846323)
for months now.

Would a programmer be able to program an indicator that places the buy and sell lines automatically when I place a trade by calculating the pips profit and stop.

Many thanks

A
  • #2
  • Edited 3:11pm Jul 13, 2012 2:57pm | Edited 3:11pm
Perhaps Mypiramid ea , but it opens the first entry is automatically.
  • #3
  • Nov 1, 2015 6:52am Nov 1, 2015 6:52am
I have tried to open this Sure Fire Hedging EA. But It's not working. Can anyone tell me how can I use this robot? Do I need to change codes?
Attached File(s)
File Type: mq4 SureForexHedging.mq4   37 KB | 1,670 downloads
  • #4
  • Jun 23, 2016 4:54pm Jun 23, 2016 4:54pm
Quoting sayemshikder
I have tried to open this Sure Fire Hedging EA. But It's not working. Can anyone tell me how can I use this robot? Do I need to change codes? {file}
yea, that thing is going to need quite a bit of work. I touched it to make it compile cleanly, and it opened and closed a ton of trades, mostly bad, in my backtest.
Attached File(s)
File Type: mq4 SureForexHedging.mq4   38 KB | 2,095 downloads
  • #5
  • Jun 6, 2017 2:34am Jun 6, 2017 2:34am
seem quite good EA, i will try it, thank you
  • #6
  • Oct 18, 2017 5:54am Oct 18, 2017 5:54am
Hello traders!

I am actually using this EA as is on a VPS anddemo account and i get about 1% per day.

Will keep you updated after 1 month of use.
  • #7
  • Oct 24, 2017 1:58am Oct 24, 2017 1:58am
i also use this on demo but I don't see it profitable somehow,the profits close without profit by itself.
  • #8
  • Edited May 22, 2018 12:00pm Nov 12, 2017 7:28am | Edited May 22, 2018 12:00pm
Modified to open trades on the condition of MA crosses, back-tested from 2014 with starting lot 0.1 on $10000, and will give it a try now on a demo account, strategy is cool but prob of ruin is higher than reward if there is no sufficient margin
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled 35.jpg Size: 59 KB



{ sensitive information deleted by staff, per request }
Most significant and most threatened human asset, "MENTAL CLARITY."
  • #9
  • Edited Jan 15, 2018 12:19pm Jan 6, 2018 2:07pm | Edited Jan 15, 2018 12:19pm
Quoting solaries
Modified to open trades on the condition of MA crosses, back-tested from 2014 with starting lot 0.1 on $10000, and will give it a try now on a demo account, strategy is cool but prob of ruin is higher than reward if there is no sufficient margin {image} {file}
first ea only trade in one direction ,ea modified accordingly to execute on MA cross

{ sensitive information deleted by staff, per request }
Most significant and most threatened human asset, "MENTAL CLARITY."
  • #10
  • Mar 31, 2018 12:17pm Mar 31, 2018 12:17pm
Seems Great and promising.
Great job and thanks
  • #11
  • Apr 28, 2018 11:36pm Apr 28, 2018 11:36pm
Quoting solaries
{quote} first ea only trade in one direction ,ea modified accordingly to execute on MA cross { sensitive information deleted by staff, per request }
Nice work , Can we make the EA place its first order based on yesterday low for sell and high for buy first order only opens at those position then after that martingale starts
  • #12
  • Jun 4, 2018 1:42pm Jun 4, 2018 1:42pm
Quoting akintinoyeaa
{quote} Nice work , Can we make the EA place its first order based on yesterday low for sell and high for buy first order only opens at those position then after that martingale starts
compiled clean with property strict , you can decide to buy high, sell low, or sell high buy low......and when setting profit limit is enabled , for daily trades, make sure you adjust your account history to custom Today, while for weekly trades , to last week.....
Attached File(s)
File Type: ex4 Sure Fire Hedging EA Daily.ex4   49 KB | 1,880 downloads
Most significant and most threatened human asset, "MENTAL CLARITY."
  • #13
  • Aug 4, 2018 4:42am Aug 4, 2018 4:42am
Quoting solaries
{quote} compiled clean with property strict , you can decide to buy high, sell low, or sell high buy low......and when setting profit limit is enabled , for daily trades, make sure you adjust your account history to custom Today, while for weekly trades , to last week..... {file}
thank you very much ..........tested and worked perfectly.
Please how can I make the ea to place it's first order lot size based on input % of account balance, Thanks.
  • #14
  • Oct 5, 2018 10:41pm Oct 5, 2018 10:41pm
I AM LOOKING FOR A SIMPLE EA that will REVERSE and KEEP the original EA buy or sell IMMEDIALTY
]
example ea decide to buy eur us.....I want the second ea to REVERSE THAT immediately ...does anyone here have something like that
?
  • #15
  • Nov 5, 2018 8:03am Nov 5, 2018 8:03am
Quoting mauinader
I AM LOOKING FOR A SIMPLE EA that will REVERSE and KEEP the original EA buy or sell IMMEDIALTY ] example ea decide to buy eur us.....I want the second ea to REVERSE THAT immediately ...does anyone here have something like that ?
That is not a good way to Hedge, for example if you take 0.1 lots EURUSD for buy and sell at the same level and time, it is almost as if you have done nothing, if the trade goes in one favour, the opposite order takes all the profit.
Most significant and most threatened human asset, "MENTAL CLARITY."
  • #16
  • Nov 5, 2018 11:13am Nov 5, 2018 11:13am
Quoting solaries
{quote} That is not a good way to Hedge, for example if you take 0.1 lots EURUSD for buy and sell at the same level and time, it is almost as if you have done nothing, if the trade goes in one favour, the opposite order takes all the profit.
It's way worse than doing nothing because it's the literal combination of paying the spread and paying the commission for a net-nothing position that only serves to make your terminal light up. It's a complete and utter waste of time and money.
  • #17
  • Nov 5, 2018 11:23am Nov 5, 2018 11:23am
Quoting Nicholishen
{quote} It's way worse than doing nothing because it's the literal combination of paying the spread and paying the commission for a net-nothing position that only serves to make your terminal light up. It's a complete and utter waste of time and money.
There is only one "proper" use that I can think of..... when price are at the monthly extremes on a pair with good positive swap. just place buy/sell orders every 50 pips or so. The key here is to place a carry trade that will survive for a year+ most likely at the tip of wick and then unhedge once you know for sure you have caught a good extreme multi-year level that will be hard to break. All you will pay is multiple spreads which will recover in no time if you got this right. I did the same when GU was touching 1.20 and held on 1.40 (but I was paying negative swap unfortunately but you get the point)

EDIT: Plus, with a little bit of creativity. you could fantastically stack multiple trades on the wick as it forms with average SL slightly above the tip of wick... to further minimize the risk and increase exposure/growth.
EDIT1: Now, some smart ass will ask... "huh, why would you take realized losses and impact your balance curve? Balance curve must be good looking to impress forum members right? You must be out of your mind VeeFX. What a fucking idiot! Go to Hell! " response to which I ask... what happens to accountequity() when you close a trade in profit or loss? Nothing!
EDIT2: "But VeeFX, you are still a moron to trade this way" response to which I say "It's not trading dummy, it's long term investing with absolutely no screentime :-)
Staying in my lane...
  • #18
  • Nov 5, 2018 10:12pm Nov 5, 2018 10:12pm
Quoting VEEFX
{quote} There is only one "proper" use that I can think of..... when price are at the monthly extremes on a pair with good positive swap. just place buy/sell orders every 50 pips or so. The key here is to place a carry trade that will survive for a year+ most likely at the tip of wick and then unhedge once you know for sure you have caught a good extreme multi-year level that will be hard to break. All you will pay is multiple spreads which will recover in no time if you got this right. I did the same when GU was touching 1.20 and held on 1.40 (but...
There is no combination of offset orders that can be profitable. Offsetting orders are only useful for running multiple strategies on the same account or managing positions in combination with "closeby".
  • #19
  • Nov 5, 2018 11:08pm Nov 5, 2018 11:08pm
Quoting Nicholishen
{quote} There is no combination of offset orders that can be profitable. Offsetting orders are only useful for running multiple strategies on the same account or managing positions in combination with "closeby".
Can't blame you bro. You are thinking like a developer and I am thinking like a long term investor i.e. position trader attempting to place positions at levels where price will (hopefully) not return soon... with minimum oversight, with negligible screentime, with relative ease, at a cost that is calculated before entries, at a price that is predicted before entries, choosing a long term direction before entries etc etc. This has nothing to do with offsetting or closeby or crapt4. As with any strategy, nothing is perfect and so is this one too... if price returns to the monthly extremes (after unhedge) before yielding 1000+ pip. It can and will happen and if that happens, what do you do? Just leave the damn hedge in place for a while and see what happens as a 1000+pip move will cover any temporary trading costs and if the direction is swap positive, that is even better. Anyways, I am just giving a different perspective. Off topic and nothing more to offer here :-
Staying in my lane...
  • #20
  • Nov 5, 2018 11:47pm Nov 5, 2018 11:47pm
Quoting VEEFX
{quote} Can't blame you bro. You are thinking like a developer and I am thinking like a long term investor i.e. position trader attempting to place positions at levels where price will (hopefully) not return soon... with minimum oversight, with negligible screentime, with relative ease, at a cost that is calculated before entries, at a price that is predicted before entries, choosing a long term direction before entries etc etc. This has nothing to do with offsetting or closeby or crapt4. As with any strategy, nothing is perfect and so is this one...
There is no way to make offsetting orders profitable unless you want to open your own shop and offer yourself net positive swaps out of your company's bottom line. It is mathematically impossible to profit from a net zero size position with net negative swaps. No broker on this planet offers an instrument that can be traded with offsetting orders and pay you just for the hell of it.
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