Starting Posted September 15, 2009 Report Share Posted September 15, 2009 Re: Hedge Trading #1 - EUR & CHF Another approach: If you know T101 and his bucket trading system ( http://www.mediafire*com/?n12doi20ydg ), then you may know this illustration, too: Maybe we can begin something with this one at trading EURUSD/USDCHF and other hedgeable pairs. As per my demo acc opened for T101 there is a short trade opportunity for Long EURUSD and Short USDCHF. Rationale: both pairs are in top half, so we await them moving into bottom half, so we enter opposite direction to indicative entries (if short, we enter long and vice versa). http://i063.radikal.ru/0909/c0/d856da954c9a.gif Just started learning T101 :) Don, Please confirm my understanding of this trade setup is correct. Signal is weak according to T101 (not wide space between EU and UC), so I'm demoing this trade now to see what happens. Quote Link to comment Share on other sites More sharing options...
Don Posted September 15, 2009 Report Share Posted September 15, 2009 Re: Hedge Trading #1 - EUR & CHF Please confirm my understanding of this trade setup is correct. Signal is weak according to T101 (not wide space between EU and UC), so I'm demoing this trade now to see what happens. As I see you have put EURUSD in the sell group and USDCHF in the buy group. But the example above shows the opposite. This is not a problem, but I think you should reverse the rules accordingly (short EU, long UC). I'm not sure, though. Quote Link to comment Share on other sites More sharing options...
Starting Posted September 15, 2009 Report Share Posted September 15, 2009 Re: Hedge Trading #1 - EUR & CHF As I see you have put EURUSD in the sell group and USDCHF in the buy group. But the example above shows the opposite. This is not a problem, but I think you should reverse the rules accordingly (short EU, long UC). Got it, mate, thank you. Then it would be simplier to enter with EU and UC in the same direction as T101 suggests (short EU and long UC). For my screen setup I just used one of the scrips TradeHedge_IA Setup_v3 provided in the package by Finimej in T101 thread. I changed this script so now it opens Long EU and Short UC. http://www.forexsharing.com/252957 taipan 1 Quote Link to comment Share on other sites More sharing options...
Don Posted September 15, 2009 Report Share Posted September 15, 2009 Re: Hedge Trading #1 - EUR & CHF Finimej is trading this method in a different way, using a common graph and Fibo. I'll also try it but with the original tools. Now I am checking the average spreads on Alpari UK in order to get the picture what pairs are the best for this bucket thing. Since introducing the "flexible spreads" there is a big rumble at Alpari. I have just made an EA that checks all their 29 pair's spread (weekly min/max/avg) on a demo and a live account, then prints the table to the screen and saves it in a file daily (just in case). I'll get a more clear picture by end of Friday. But I can tell you safely: it was rather a tricky price (spread) increase than a "generous" decrease or optimization. X-( Quote Link to comment Share on other sites More sharing options...
fx1001 Posted September 15, 2009 Report Share Posted September 15, 2009 Re: Hedge Trading #1 - EUR & CHF Do u use the same lot size? A kudo for u \m/ Thx Yes for now, after testing will share my findings. Have a nice day Quote Link to comment Share on other sites More sharing options...
fx1001 Posted September 15, 2009 Report Share Posted September 15, 2009 Re: Hedge Trading #1 - EUR & CHF Hi there, Found this indicators few days ago. As far as I can see they can be used in calculation for our opening lot size ratio, because its very hard to predict who will be the winner; EUR/USD or USD/CHF, in this hedging game. So far those indis are showing a good results in collaboration with *2-Play-EURCHF-Trade* indi. and up until now they are showing pretty well the winning pair. This indis goes on eur/usd OR usd/chf chart - any time frame. Enjoy http://www.4shared.com/file/132857203/f96712e9/NeutralHedge.html http://i31.tinypic.com/33e2y5h.gif Quote Link to comment Share on other sites More sharing options...
cbot Posted September 15, 2009 Report Share Posted September 15, 2009 Re: Hedge Trading #1 - EUR & CHF indicators dont work with compile write this mistake i_256' - incompatible types, can you compile ?? thanks Quote Link to comment Share on other sites More sharing options...
frankay Posted September 15, 2009 Report Share Posted September 15, 2009 Re: Hedge Trading #1 - EUR & CHF Is this not identical to DC Bonta institutional trading strategy. Is this allowed in view of new NFA rules? Quote Link to comment Share on other sites More sharing options...
⭐ deadsoul Posted September 15, 2009 Report Share Posted September 15, 2009 Re: Hedge Trading #1 - EUR & CHF @fx1001 thanks for the indicators but non of them is working they don't even upload to the chart... Quote Link to comment Share on other sites More sharing options...
fx1001 Posted September 15, 2009 Report Share Posted September 15, 2009 Re: Hedge Trading #1 - EUR & CHF Sorry for that guys, this should work. http://www.4shared.com/file/132885528/b55b35c/NeutralHedge-2.html Regards Quote Link to comment Share on other sites More sharing options...
adroure Posted September 16, 2009 Report Share Posted September 16, 2009 Re: Hedge Trading #1 - EUR & CHF is there an EA that trades this hedge eurusd-usdchf? or does it have to be done manually? Quote Link to comment Share on other sites More sharing options...
fx1001 Posted September 16, 2009 Report Share Posted September 16, 2009 Re: Hedge Trading #1 - EUR & CHF is there an EA that trades this hedge eurusd-usdchf? or does it have to be done manually? No EA for now. Quote Link to comment Share on other sites More sharing options...
HunFxTrader Posted September 18, 2009 Report Share Posted September 18, 2009 Re: Hedge Trading #1 - EUR & CHF With this script you can open 2 Pairs Market Orders simultaneously with TakeProfit and StopLoss settings. You can set the lot size and trade type - buy or sell - for the 2 Pairs separately. Enjoy! :-bd 2PairsMarketOrdersWithTPandSL.mq4[/attachment:13bwuwur] Quote Link to comment Share on other sites More sharing options...
jamestan1978 Posted September 18, 2009 Report Share Posted September 18, 2009 Re: Hedge Trading #1 - EUR & CHF if i missed the indicator to buy/sell will i get into big drawdown trouble? Quote Link to comment Share on other sites More sharing options...
HunFxTrader Posted September 18, 2009 Report Share Posted September 18, 2009 Re: Hedge Trading #1 - EUR & CHF I added the money management function to the 2 pairs market order script, so you can use it with not only fix lots, but with risk percentage based on your account balance as well. You need to set the risk percentages for the 2 pairs separately. If you set the risk percentage 2 for the first pair and 2 for the second pair, then the worst case loss will be 2+2=4 percentage of your account balance if both pairs hit the stop loss. Enjoy 2PairsMarketOrdersWithTP-SLandMM.mq4[/attachment:3j2480b7] Quote Link to comment Share on other sites More sharing options...
Stormin_Norman Posted September 18, 2009 Report Share Posted September 18, 2009 Re: Hedge Trading #1 - EUR & CHF if i missed the indicator to buy/sell will i get into big drawdown trouble? no, that's the idea of the system. is to trade two currencies, so even under extreme conditions any drawdown should only be moderate. Quote "It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book." Victor Niederhoffer (1943–), US hedge fund manager and statistician Link to comment Share on other sites More sharing options...
Don Posted September 18, 2009 Report Share Posted September 18, 2009 Re: Hedge Trading #1 - EUR & CHF Anybody has "FX Power Hedge System" ? ( http://www.fxpowerhedge.com ) I thought I saw it here on II but I can't find it now. Quote Link to comment Share on other sites More sharing options...
HunFxTrader Posted September 18, 2009 Report Share Posted September 18, 2009 Re: Hedge Trading #1 - EUR & CHF Another improvement on the 2 Pairs Market Orders Script! As you click on it in the navigator window you can check the parameters before you shoot, and you don't need edit the source code in order to change the settings. Enjoy! 2PairsMarketOrdersWithTP-SLandMM.mq4[/attachment:3aw3yfuh] Quote Link to comment Share on other sites More sharing options...
nadeer123 Posted September 18, 2009 Report Share Posted September 18, 2009 Re: Hedge Trading #1 - EUR & CHF This is the strategy from 4xworks... Ebook available http://forexkid.blogspot.com/2009/09/4xworks-very-interesting-ebook-and.html Quote Link to comment Share on other sites More sharing options...
nadeer123 Posted September 18, 2009 Report Share Posted September 18, 2009 Re: Hedge Trading #1 - EUR & CHF Hello, Thanks to all for this really interesting and creative thread. Here is my little contribution which I hope that will help a bit. 4X-ROX.com offers this indi for $37 for monthly subscription. Don't worry its a full code indicator. This is where you can time your entries and exits much more quickly. OK, here is how it works. You want to enter long trades ( both pairs: EUR/USD and USD/CHF) just about the time the thick green lines begin to appears above the zero line. Stay in the trade until the green lines begin to thin in width, at which time you exit the trade. Enter short trades when the thick red lines begin to appear below the zero line. Stay in the short trade until the red lines begin to thin in width, at which time you exit the trade. This same scenario is repeated over and over. This indi goes on EUR/CHF chart only. http://[email protected]/file/132004321/129bd983/eu_ind.html Enjoy http://i29.tinypic.com/25zmgp5.gif hey guys... I think it is the free indictor SNAKEFORCE.... anyone knows about it? Are they selling a free renamed indi or what? Quote Link to comment Share on other sites More sharing options...
fx1001 Posted September 19, 2009 Report Share Posted September 19, 2009 Re: Hedge Trading #1 - EUR & CHF Hi there, Yesterday I found this interesting EA from .truenorthfx.com/ and I'm looking for their True North Hedge Calculator. It will be awesome if someone of you guys are willing to share this calculator. Reviews for this piece of software are excellent. Sharing this lot size ratio from another forum, I'm just calculate a difference in percentage. Maybe some of you math wizards can see the possible regularity from the picture (.truenorthfx.com/) which is by the way necessary as an initially input at the EA. equity balance: $5000 leverage: 400:1 account size: mini margin risk: 5% Results: Freedomrocks EUR/USD= 4.19 USD/CHF= 4.36 (+4,05%) True North EUR/USD= 4.21 USD/CHF= 4.37 (+3,80%) http://www.4shared.com/file/133625497/af116f54/Inverse_Hedge.html Regards http://i35.tinypic.com/2dv95kj.gif Quote Link to comment Share on other sites More sharing options...
fx1001 Posted September 19, 2009 Report Share Posted September 19, 2009 Re: Hedge Trading #1 - EUR & CHF Hi there, Put this indi on the EUR/USD & USD/CHF chart, it will sharpen your picture. video: [url]http://www.tradethemarkets.com/products/item5.cfm[/url] dl: [url]http://www.4shared.com/file/133918999/4edc1d8/BB_Squeeze_Advanced_v2M3B.html[/url] Regards Quote Link to comment Share on other sites More sharing options...
cbot Posted September 21, 2009 Report Share Posted September 21, 2009 Re: Hedge Trading #1 - EUR & CHF Inverse_Hedge.mq4 write me error send orders 4051,can you somebody repait it :D Quote Link to comment Share on other sites More sharing options...
TraderTero Posted September 21, 2009 Report Share Posted September 21, 2009 Re: Hedge Trading #1 - EUR & CHF Have you changed the SymbolStartlots to something else than 0.0. Does anyone know what is the best value for SPipDivergence? Quote Link to comment Share on other sites More sharing options...
fx1001 Posted September 22, 2009 Report Share Posted September 22, 2009 Re: Hedge Trading #1 - EUR & CHF Hi, Inverse_Hedge EA is working fine with me but I also don't have a clue what suggest this *S2PipDivergence* option. Anybody ??? As far as I can see this EA have a very good concept & potential and absolutely deserve to dig to the bottom. Cheers Quote Link to comment Share on other sites More sharing options...
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