The ratio between GBPJPY and CHFJPY should be correct. The are not the same. Check this: https://www.mql5.com/en/forum/175357/page20
On second thoughts, are you referring to EURUSD/USDCHF? They are close enough, but not the same as well. Check it here: http://www.1world-forex.com/calc.htm
I think Bias and AutoRatio function is the same thing here. I did not go thru the previous posts in detail, but I suppose the idea is the same.
On how I check for entry... They are 3 indicators that I look at:
Reason is because these are the indicators that tells me whether the current price is overbought or undersell.
The Ratio for GBPJPY and CHFJPY is not the same but the PipCost should bethe same.
Currently having super big drawndown on this pair due to yesterday big move. Start to get worry about this hedge pair.. I guess thats the emotional part that everyone are talking about. :P
On my broker's calculator (1world-forex.com), its showing that the pipcost is different, and the ratio is about 0.97 or so.
This hedge pair is very unstable now because of its connection to GBP. I would not trade on it for now. I would rather go for EURUSD/USDCHF.
I'm currently trading light on hedge because of GBP related drawdowns. I'm trading more with WSS technique. The win rate is very high... bordering 90% or so.
BTW, GBPUSD heads upwards today in a big way. I've closed most of my GBP related carry trades along the way, eventhough I've suffered some losses.
In fact, all my profits (~25%) + a small part of my initial capital has been wiped out due to GBPUSD.
I'm still keeping a positive outlook though. What to do, life is a constant learning process.
I have saved it into in the expert directory, then opened the terminal and a H1 GBPJPY chart, but the EA(HedgeEA_v6.1.ex4) will not trade.
and have some errors in testing
Will be intersted to test this EA if I can get help. thanks
how u doing in this draw down?
i'm 20% less on my live acount, after all the talk about the unwind of the carry trades i deside to be on the safe side.
all the way down i place new small orders and now waiting to the correction.
I'm not sure why you are getting this error??? Mine is working correctly. Is your problem with live trades or are you trying to do backtests?
Is anyone else having any problems?
Taken from first post, what does "1 - Integrate AutoTakeProfit" mean? Is this a 'manual' close trade EA? Is there a newer version than v5.7? What are the best settings so far?
I believe that this is one of the best strategies that you could use, almost fail proof if you are not trading accounts too leveraged, and with a good money management.
So, for the EA to work, you have to put in on Experts folder and put the correlator indicador on the indicators folder. This indicator was developed by Igorad. I do not know too much about it. I would like to include it as a function on the EA, but I do not know how to...
I'm not an expert coder, this was my first experiment, as we are getting good results with it, so...
You can test it with default settings. Please make sure that you are getting GBPJPY and CHFJPY on market watch window. If you are using a mini account like IBFX you have to change the currency names to GBPJPYm and CHFJPYm
You can test with Correlation enabled or disabled.
We have actually a sub version on test that uses besides correlation indicator, Bollinger bands, but this is not a stable version for now.
regarding auto take profit (we are testing it with $50), we need ideas to how this could be set. I'm thinking in a way of make this number dependent of the total number of lots in the hedge. Account leverage must be take to this equation too.
Live Test Statement with MM:
Live Test Statement without MM
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After today I will mantain in this post the actual version of the EA.
first v used code from (EA's by Igorad,waltini) by kokas,cturner
v5.0 latest greatest version by kokas
v5.1 10-23-06 added bollinger filter, micro account by cturner
v5.2 10-24-06 added logic to catch and fix 1 of the 2 trades not being placed due to error
v5.3 10-24-06 correlation logic built in by Nicholishen
v5.4 10-24-06 bug fixes on open orders by cturner
v5.5 10-30-06 added short/long option that was missing by cturner
v5.6 10-30-06 added Autotrade, to stop entering automatic after exit, by kokas
v5.7 31-10-06 MM routine corrected, by kokas (fully support of micro accounts)
To do list:
1 - Integrate AutoTakeProfit
2 - Integrate another Entry signal (any sugestions? BB?) ALMOST DONE
3 - Built in correlator as a function DONE
I'm trying to do backtests,
but the Journal say: "HedgeEA_v6.1 GBPUSD,H1: zero divide" .
I don't know what is "zero divide" means. my data is integrated.
can you help me? thanks
i am down 50%. i got a GBPJPY which i long at 239. currently down 700pips.
anybody got any idea it will go back to 236 or 237? is 232 the support or will it go down somemore?
I don't think its able to backtest right?