Experts: Multicurrency hedge example EA (overlay hedge)

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Automated-Trading
154169
Automated-Trading  

Multicurrency hedge example EA (overlay hedge):

The example of multicurrency hedging implementation on a single chart in Metatrader 4.

Author: Simonas Aukscionis

Jermaine Wedderburn
1335
Jermaine Wedderburn  

This concepts sounds very interesting in fact it might just turn out to be very successful too...


I see great potential here.
Casimiro Zampetti
3405
Casimiro Zampetti  

The problem is that, can't possible to backtest on this platform, (mt4).

Sameh Elsabagh
321
Sameh Elsabagh  
how the EA calculate lot size and what is the risk. I tried to test it in many brokers but doesn't open any trades on many brokers
s loo
21
s loo  
I think this is a great one after I tried in a Demo acct.  thank you Simona Aukscionis for your kind contribution. may God bless you.
s loo
21
s loo  

@Simonas Aukscionis 

Or Anyone can help me :


I like this EA, and have spent days to study it (Since I am not a either professional trader or professional IT guy ) but I still can not figure out some code/function.  I know some professional level Function like how to calculate "Correlation", or "ATR" is out of my knowledge, but some basic function I also fell confused about, for example:

- in Event Handling :

  Why Simone set up the  timer start at 1 o'clock every day? ( by Hour(0)== 1 , and by RecalculationDay =!Today() ) ..? 

//+------------------------------------------------------------------+

//| Event handling fucntion                                          |

//+------------------------------------------------------------------+

void OnTimer()

  {

   if(Hour()==1 && RecalculationDay!=Day()) PrepareSymbols();

   for(cnt=ArraySize(closemagic)-1;cnt>=0;cnt--) CloseBlock(closemagic[cnt]);

   for(cnt=ArraySize(posneg)-1;cnt>=0;cnt--) OpenBlock(pair1[cnt],pair2[cnt],posneg[cnt],magic[cnt],atrratio[cnt]);

   Comment("Total currently correlated symbol pairs = ",ArraySize(posneg),". Total open positions = ",OrdersTotal());

   return;

  }



- In " Lots()" define function, why he use the "500,000"  to divide the AccountLeverage, rather then just use the AccountLeverage to determine lots?

like this :

//+------------------------------------------------------------------+

//| Calculate position volume                                        |

//+------------------------------------------------------------------+

double Lots()

  {

   double maximumRisk=0.1;

   int lotsDigits=MathLog10(MarketInfo("EURUSD",MODE_MINLOT)); // I deleted " (int)-  "

   double lots=NormalizeDouble(AccountFreeMargin()*maximumRisk/(500000.0/AccountLeverage()),lotsDigits);

   if(lots>MarketInfo("EURUSD",MODE_MAXLOT))

      lots=MarketInfo("EURUSD",MODE_MAXLOT);

   if(lots<MarketInfo("EURUSD",MODE_MINLOT))

      lots=MarketInfo("EURUSD",MODE_MINLOT);

   return(lots);

  }





- the calculation floating points which Simonas used as taking profit :

-qte

ouble GetFloatingUsd(int MagicNo)

  {

   double TotalUsd=0;

   for(int i=OrdersTotal()-1;i>=0;i--)

     {

      if(OrderSelect(i,SELECT_BY_POS,MODE_TRADES) && OrderMagicNumber()==MagicNo)

         TotalUsd=(OrderProfit()-OrderCommission()-OrderSwap());

     }

   return(TotalUsd); 



--- unqte --- 


Hope someone can help me to figure out little about this EA.  I hope if Simone can talk to me in order to help me, since I failed to add him as Friend, therefore I couldn't message him. 


Have a nice day everyone. 


Kind regards

Sean Lu

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