HedgeEA - page 36

kokas
503
kokas  
Ducati:
I think Tom Yoemans currency meter might be perfect for entering these trades. If you enter gbp/jpy & chf/jpy when gbp is weak, chf is strong, and JPY is strong, I think you will have a greater chance of incrteasing profits when they move. I still hope to find someone interested in making his excel spreadsheet into an indicator.

What spreadsheet? Can you post ir here?

kokas
503
kokas  
400396:
kokas you must check this system , you will get a lot of ideas to improve the system , the have 15 day trial to use their software.

In order to ensure your sponsor gets proper credit, we require this form to be called with a valid ID from one of our representatives. The main website URL you're accessing should look something like this:

www.FreedomRocks.com/XXXX (where XXXX is the ID of the person who sent you)

Dont have one!

avi
405
avi  

try this one http://www.freedomrocks.com/23596

this was post on post#214

kokas:
In order to ensure your sponsor gets proper credit, we require this form to be called with a valid ID from one of our representatives. The main website URL you're accessing should look something like this:

www.FreedomRocks.com/XXXX (where XXXX is the ID of the person who sent you)

Dont have one!
tomstaufer
174
tomstaufer  

https://www.freedomrocks.com/signup.aspx?id=23596&type=C&trial=Y

If you have problems contact: Sam & Kim Newman - Independent Representatives at: dreamscometrue@freedomrocks.com

Stevensign
52
Stevensign  

Fractals.

kokas:
LOL I'm geologist, and my area on university was fractals. I believe that this is the solution for forex trading, but I'm not ready to code fractals on mq4. I have the theory, but not the necessary knowledge to code it... then I have to wait!

They already have fractal indicators and EAs coded on MT4!! it just depends on how you use them.

Stevensign
52
Stevensign  

Perfect Ratio

400396:
i agree with you ,if we could do what mikhail suggest on post #224 the system will be perfect. Stevensign do you have a spread sheet in execl with the calculation that you make to get the perfect ratio?

Sorry, I don't have an excel spreadsheet that does this, I just do it in the MT4 code, I'm still working on optimizing and incorporating "Equalization" lots. This may not be required if frequent Cash Grabs are taken since you will then recalculate all the ratios again based upon your new entry prices.

dcraig
81
dcraig  

"Balance" and correlation

Just a quick, if not convoluted, question. As we all know, a large part of the profit from this EA (and other carry-type trades), comes from closing the positions when the combined profit reaches some TP point. The reason for this profit is that the pairs aren't perfectly correlated, and they can become "out of balance". Lets call this "out of balance" situation the "net profit/Loss", or net "P/L".

Ok, here's the question:

Does anyone know if the is a relationship between the net P/L and the correlationbetween the pairs? We would certainly want to enter the trade at some optimum time - when would this be? Does the net P/L relate to the correlation, and if so, what is the relationship? I would like to use the correlation indicator to optimize my entry. The indicator is embedded in the EA, but nobody seems to know how to use it optimally, or even at all.

To echo what another poster suggested (not sure if in this thread), it would be useful to have an indicator added that would show the net P/L.

Just a thought.

Thanks.

Doug

Stevensign
52
Stevensign  

Hedge indicator

dcraig:
Just a quick, if not convoluted, question. As we all know, a large part of the profit from this EA (and other carry-type trades), comes from closing the positions when the combined profit reaches some TP point. The reason for this profit is that the pairs aren't perfectly correlated, and they can become "out of balance". Lets call this "out of balance" situation the "net profit/Loss", or net "P/L".

Ok, here's the question:

Does anyone know if the is a relationship between the net P/L and the correlationbetween the pairs? We would certainly want to enter the trade at some optimum time - when would this be? Does the net P/L relate to the correlation, and if so, what is the relationship? I would like to use the correlation indicator to optimize my entry. The indicator is embedded in the EA, but nobody seems to know how to use it optimally, or even at all.

To echo what another poster suggested (not sure if in this thread), it would be useful to have an indicator added that would show the net P/L.

Just a thought.

Thanks.

Doug

I've attached a hedge indicator that I wrote for the http://www.freedomrocks.com/23596 currency pairs.

It reads out in dollars profit or loss based on your entry point.

This is an update to the indicator I attached in post #214.

IMHO, correlation may be best used to determine what percent of your account you can put in the trade. As correlation approaches +1 or -1 you have less risk and may be able to stay in the hedge position longer and use more of your account while collecting interest (swap).

As correlation aproaches 0 (i.e.no correlation) that means you have a 50/50 chance of the hedge going in your favor OR going against you. This can provide more opportunies for cash grabs but you can't use as much of your account.

The default settings in the EA allow a range of 0.8 to 1. My guess is that if correlation is close to 1 expect less net profit (i.e. take cash grabs sooner) but you can use more of your account. There may be a relationship between correlation, number of lots, and profit for cash grab.

Actually you may end up with a cash grab at a fixed percentage profit, since higher correlation may allow more lots but a lower PIP profit target and lower correlation may allow fewer lots but a larger PIP target.

That's my two cents, I could be wrong.

Please feel free to correct any errors in my logic. Let's get this correlation thing nailed down!

Files:
sprintpcic
18
sprintpcic  

How does the indicator work, is there any instructions on how to use it?

Stevensign:
I've attached a hedge indicator that I wrote for the http://www.freedomrocks.com/23596 currency pairs.

It reads out in dollars profit or loss based on your entry point.

This is an update to the indicator I attached in post #214.

IMHO, correlation may be best used to determine what percent of your account you can put in the trade. As correlation approaches +1 or -1 you have less risk and may be able to stay in the hedge position longer and use more of your account while collecting interest (swap).

As correlation aproaches 0 (i.e.no correlation) that means you have a 50/50 chance of the hedge going in your favor OR going against you. This can provide more opportunies for cash grabs but you can't use as much of your account.

The default settings in the EA allow a range of 0.8 to 1. My guess is that if correlation is close to 1 expect less net profit (i.e. take cash grabs sooner) but you can use more of your account. There may be a relationship between correlation, number of lots, and profit for cash grab.

Actually you may end up with a cash grab at a fixed percentage profit, since higher correlation may allow more lots but a lower PIP profit target and lower correlation may allow fewer lots but a larger PIP target.

That's my two cents, I could be wrong.

Please feel free to correct any errors in my logic. Let's get this correlation thing nailed down!
bodshyipmonitor
138
bodshyipmonitor  
Stevensign:
I've attached a hedge indicator that I wrote for the http://www.freedomrocks.com/23596 currency pairs.

It reads out in dollars profit or loss based on your entry point.

This is an update to the indicator I attached in post #214.

IMHO, correlation may be best used to determine what percent of your account you can put in the trade. As correlation approaches +1 or -1 you have less risk and may be able to stay in the hedge position longer and use more of your account while collecting interest (swap).

As correlation aproaches 0 (i.e.no correlation) that means you have a 50/50 chance of the hedge going in your favor OR going against you. This can provide more opportunies for cash grabs but you can't use as much of your account.

The default settings in the EA allow a range of 0.8 to 1. My guess is that if correlation is close to 1 expect less net profit (i.e. take cash grabs sooner) but you can use more of your account. There may be a relationship between correlation, number of lots, and profit for cash grab.

Actually you may end up with a cash grab at a fixed percentage profit, since higher correlation may allow more lots but a lower PIP profit target and lower correlation may allow fewer lots but a larger PIP target.

That's my two cents, I could be wrong.

Please feel free to correct any errors in my logic. Let's get this correlation thing nailed down!

I did try out FreedomRocks Trial before.

I notice they have a calculator for calculating the number of lots to be enter by entering the prices of the currency pairs.

You have any idea, how its being calculated?