Hedge Trading #1 - EUR & CHF

ryujeans · September 22, 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?

As to Symbol1StartLots and Symbol2StartLots parameters, should I put the same lot size for EURUSD and USDCHF, or different lot sizes? Could you tell me what SymbolStartLots, SymbolLot Step, and SymbolTargetLots for the 2 symbols (EURUSD and USDCHF) should be like?

PyeR2 · September 22, 2009

Re: Hedge Trading #1 - EUR & CHF

It has been stated numerous times before, but you are trading the EURCHF simple as that even if your lot size is 'perfectly hedged' at the time of opening the position. Any profit or loss is due to change in the EURCHF exchange rate.

Trading two pairs (EURUSD & USDCHF) to achieve the same thing increases your costs in spread and swap. I don't understand why you would want to do it that way.

Historically the EUR & CHF are highly correlated however the EURCHF has moved in a 4000 pip range over the last 20 years and there is no guarantee that that range will never be breached in the future.

TraderTero · September 23, 2009

Re: Hedge Trading #1 - EUR & CHF

As to Symbol1StartLots and Symbol2StartLots parameters, should I put the same lot size for EURUSD and USDCHF, or different lot sizes? Could you tell me what SymbolStartLots, SymbolLot Step, and SymbolTargetLots for the 2 symbols (EURUSD and USDCHF) should be like?

The same lot size for both. Lot steps the same size too. SymbolTargetLots is probably max total open lots.

Starting · October 7, 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:2j41au82]

Thanks.

I improved this script so now u only need to type how many EURUSD lots you want to trade, USDCHF lots will be calculated automatically according to current marginal requirements.

E.g. now 1 microlot EURUSD requires USD$2.93 (1:500 margin) and 1 microlot of USDCHF requires USD$2.00. So trading 0.2 lots EURUSD script will trade 0.2 EURSD and 0.2x2.93/2.00 lots of USDCHF.

Minimal lots and lotsteps considered.

Default Stoplosses amd Takeprofits are zeroed, since we're hedging.

If u still want to use them, they're in decimal pips, so for 50 pips u need to type 500.

Please try this script on demo first. Good luck!

http://www.4shared.com/file/138257693/2a477d54/HEDGE_2PairsMarketOrdersWithTP-SLandMM.html

Voff · October 21, 2009

Re: Hedge Trading #1 - EUR & CHF

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.

fx1001, do you happen to have other 4x-rox indis from HOG2? This indicator repaints so it shouldn't be used standalone.

dawn09 · October 23, 2009

Re: Hedge Trading #1 - EUR & CHF

--------------------------------

Bruce · October 26, 2009

Re: Hedge Trading #1 - EUR & CHF

Hey Starting,

Are you still trading this Hedge?

If so how are you doing with it?

Bruce

dawn09 · November 6, 2009

Re: Hedge Trading #1 - EUR & CHF

-----------------------------

cbot · November 6, 2009

Re: Hedge Trading #1 - EUR & CHF

fx1001, can upload again inverze hedge thanks,

liverpoolrulez · November 9, 2009

Re: Hedge Trading #1 - EUR & CHF

hello, anybody have tis ea? it can auto trade a eurusd n usdchf or other hedgable pairs...
pls see e below url code, thks a million!!
http://www.4x-rox.com/TX-EA-Letter.html

http://slil.ru/28178561 \m/

fx1001 · November 9, 2009

Re: Hedge Trading #1 - EUR & CHF

http://slil.ru/28178561

Hi,

Password please, thanks

cbot · November 9, 2009

Re: Hedge Trading #1 - EUR & CHF

looks interested please password :-/

best2004 · November 9, 2009

Re: Hedge Trading #1 - EUR & CHF

Hi

Password please

Thanks

⭐ deadsoul · November 9, 2009

Re: Hedge Trading #1 - EUR & CHF

well this is the best hedge expert i ever saw...

you can set it ti buy or sell the pairs then it will track the positions tell they reach the take profit you choose and close the tow positions

33633373 2009.11.09 02:10 buy 19.60 usdchf 1.01740 0.00000 0.00000 2009.11.09 02:34 1.01572 0.00 0.00 0.00 -3,241.84

33633426 2009.11.09 02:13 buy 19.60 eurusd 1.48581 0.00000 0.00000 2009.11.09 02:34 1.48778 0.00 0.00 0.00 3,861.20

33634049 2009.11.09 02:59 buy 0.10 usdchf 1.01493 0.00000 0.00000 2009.11.09 12:41 1.00732 0.00 0.00 0.00 -75.55

33634050 2009.11.09 02:59 buy 0.10 eurusd 1.48968 0.00000 0.00000 2009.11.09 12:41 1.49943 0.00 0.00 0.00 97.50

⭐ deadsoul · November 9, 2009

Re: Hedge Trading #1 - EUR & CHF

here is the expert...some kudos please....

//+------------------------------------------------------------------+
//|                                                  HedgeTrader.mq4 |
//|                                  Copyright © 2006, Forex-Experts |
//|                                     [url]http://www.forex-experts.com[/url] |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, Forex-Experts"
#property link      "http://www.forex-experts.com"

//---- input parameters
extern double    Lot1=1.05;
extern double    Lot2=1.;
extern string    Sym1="USDCHF";
extern string    Sym2="EURUSD";
extern string    Operation1="buy";
extern string    Operation2="buy";
extern double    Commission1=3.0;
extern double    Commission2=2.0;
extern double    Profit=5.0;
extern bool 	  SetNewOrders=true;
extern int		  NumTradesForReverse=0;	// Max number of trades after we should reverse for opearations; if 0 - disable it.

extern bool      UseMM=true;
extern double    Delta=500;
extern int 		  MagicNumber=0;
int OP1=-1, OP2=-1;

double Ilo1=0, Ilo2=0;
bool	NewOrders=false;
bool  FirstTime=true;

int	Last1=0, Last2=0;
//+------------------------------------------------------------------+
//| expert initialization function                                   |
//+------------------------------------------------------------------+
int init()
 {
//---- 
//init global variables
if (!GlobalVariableCheck("_CanClose"+DoubleToStr(MagicNumber,0))) {
GlobalVariableSet("_CanClose"+DoubleToStr(MagicNumber,0),0);
}      
//if (!GlobalVariableCheck("_CanSet")) {
//GlobalVariableSet("_CanSet",0);
//}      


if (!GlobalVariableCheck("_Trades"+DoubleToStr(MagicNumber,0))) {
GlobalVariableSet("_Trades"+DoubleToStr(MagicNumber,0),0);
}      



if (!GlobalVariableCheck("_Last1"+DoubleToStr(MagicNumber,0))) {
GlobalVariableSet("_Last1"+DoubleToStr(MagicNumber,0),0);
}      
if (!GlobalVariableCheck("_Last2"+DoubleToStr(MagicNumber,0))) {
GlobalVariableSet("_Last2"+DoubleToStr(MagicNumber,0),0);
}      





//----
  return(0);
 }
//+------------------------------------------------------------------+
//| expert deinitialization function                                 |
//+------------------------------------------------------------------+
int deinit()
 {
//---- 
  
//----
  return(0);
 }
//+------------------------------------------------------------------+
//| expert start function                                            |
//+------------------------------------------------------------------+
int start()
 {
Ilo1=Lot1; Ilo2=Lot2;
if (UseMM) {
Ilo1=TradeLot(AccountBalance());
Ilo2=Ilo1*(Lot2/Lot1);
}

if (FirstTime==true) {
NewOrders=true;
FirstTime=false;
if (Operation1=="buy" || Operation1=="BUY") OP1=OP_BUY;
if (Operation2=="buy" || Operation2=="BUY") OP2=OP_BUY; 
if (Operation1=="sell" || Operation1=="SELL") OP1=OP_SELL; 
if (Operation2=="sell" || Operation2=="SELL") OP2=OP_SELL; 
GlobalVariableSet("_Last1"+DoubleToStr(MagicNumber,0),OP1);
GlobalVariableSet("_Last2"+DoubleToStr(MagicNumber,0),OP2);
Last1=OP1;
Last2=OP2;
}

if (CntOrd(OP_BUY,MagicNumber,Sym1)>0) {
OP1=OP_BUY;
GlobalVariableSet("_Last1"+DoubleToStr(MagicNumber,0),OP1);
}	

if (CntOrd(OP_SELL,MagicNumber,Sym1)>0) {
OP1=OP_SELL;
GlobalVariableSet("_Last1"+DoubleToStr(MagicNumber,0),OP1);
}	

if (CntOrd(OP_BUY,MagicNumber,Sym2)>0) {
OP2=OP_BUY;
GlobalVariableSet("_Last2"+DoubleToStr(MagicNumber,0),OP2);
}	

if (CntOrd(OP_SELL,MagicNumber,Sym2)>0) {
OP2=OP_SELL;
GlobalVariableSet("_Last2"+DoubleToStr(MagicNumber,0),OP2);
}	





//---- 
double Commissions=0;




if (OP1<0 || OP2<0) {
  Comment("Wrong operation selected, aborted...");
  return;
}

int	_Trades=0;

if (GlobalVariableGet("_CanClose"+DoubleToStr(MagicNumber,0))==1 && CntOrd(GlobalVariableGet("_Last1"+DoubleToStr(MagicNumber,0)),MagicNumber,Sym1)==0 && CntOrd(GlobalVariableGet("_Last2"+DoubleToStr(MagicNumber,0)),MagicNumber,Sym2)==0) {
_Trades=GlobalVariableGet("_Trades"+DoubleToStr(MagicNumber,0))+1;
GlobalVariableSet("_Trades"+DoubleToStr(MagicNumber,0),_Trades);
  GlobalVariableSet("_CanClose"+DoubleToStr(MagicNumber,0),0);
}

if (GlobalVariableGet("_CanClose"+DoubleToStr(MagicNumber,0))==0 && CntOrd(GlobalVariableGet("_Last1"+DoubleToStr(MagicNumber,0)),MagicNumber,Sym1)==0 && CntOrd(GlobalVariableGet("_Last2"+DoubleToStr(MagicNumber,0)),MagicNumber,Sym2)==0) {
if(NumTradesForReverse != 0)
{
if (GlobalVariableGet("_Trades"+DoubleToStr(MagicNumber,0))>=NumTradesForReverse) {
	GlobalVariableSet("_Trades"+DoubleToStr(MagicNumber,0),0);			
	if (GlobalVariableGet("_Last1"+DoubleToStr(MagicNumber,0))==OP_BUY) OP1=OP_SELL; else OP1=OP_BUY;
	if (GlobalVariableGet("_Last2"+DoubleToStr(MagicNumber,0))==OP_BUY) OP2=OP_SELL; else OP2=OP_BUY;				
}
}
}


if (GlobalVariableGet("_CanClose"+DoubleToStr(MagicNumber,0))==0 && NewOrders==true) {
//Set intitial orders
SetOrders();
}



Comment("NewOrders=",NewOrders," Balance=",AccountBalance(),"\n",Sym1," Lot=",Ilo1," ",Sym2," Lot=",Ilo2,"\nFloating profit=",CalcProfit()," Expected profit=",Profit*Ilo1*10,"\nTrades=",GlobalVariableGet("_Trades"+DoubleToStr(MagicNumber,0)));

if (SetNewOrders==false) NewOrders=false;
if (SetNewOrders==true) NewOrders=true;

//Check for profit
Commissions=Commission1*Ilo1+Commission2*Ilo1;

if ( (CalcProfit()-Commissions) >= (Profit*Ilo1*10) ) {
GlobalVariableSet("_CanClose"+DoubleToStr(MagicNumber,0),1);
}    

CloseAll();


//----
  return(0);
 }
//+------------------------------------------------------------------+


double CalcProfit() {
//Calculating profit for opened positions
int cnt;
double _Profit;
_Profit=0;   

for(cnt=0; cnt<OrdersTotal(); cnt++)
{     
  OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES);
if ((OrderSymbol()==Sym1 || OrderSymbol()==Sym2) && ((OrderMagicNumber()==MagicNumber) || MagicNumber==0)) {
  _Profit=_Profit+OrderProfit(); 
  }   
}
return(_Profit);
}

void CloseAll() {
int _total=OrdersTotal(); // number of orders  
int _ordertype;// order type   
if (_total==0) {return;}
int _ticket; // ticket number
double _priceClose;// price to close orders;
//Closing all opened positions
if (GlobalVariableGet("_CanClose"+DoubleToStr(MagicNumber,0))==1) {
for(int _i=_total-1;_i>=0;_i--)
     {
     if (OrderSelect(_i,SELECT_BY_POS))
        {
        _ordertype=OrderType();
        _ticket=OrderTicket();
        if (((OrderMagicNumber()==MagicNumber) || MagicNumber==0)) {
        switch(_ordertype)
           {
           case 0:
              // close buy                
              _priceClose=MarketInfo(OrderSymbol(),MODE_BID);
              Print("Close on ",_i," position order with ticket ¹",_ticket);
              OrderClose(_ticket,OrderLots(),_priceClose,0,Red);
              //break;
           case 1:
              // close sell
              _priceClose=MarketInfo(OrderSymbol(),MODE_ASK);
              Print("Close on ",_i," position order with ticket ¹",_ticket);
              OrderClose(_ticket,OrderLots(),_priceClose,0,Red);
//               break;
           default:
              // values from  1 to 5, deleting pending orders
              Print("Delete on ",_i," position order with ticket ¹",_ticket);
              OrderDelete(_ticket);  
//               break;
           }    
        }
        
        
        }
}


}
return;
}



void SetOrders() {
//Setting initial orders
double OpenPrice=0;

if (CntOrd(OP1,MagicNumber,Sym1)==0) {
  if (OP1==OP_BUY) OpenPrice=MarketInfo(Sym1,MODE_ASK);
  if (OP1==OP_SELL) OpenPrice=MarketInfo(Sym1,MODE_BID);
  Last1=OP1;
  GlobalVariableSet("_Last1"+DoubleToStr(MagicNumber,0),OP1);
  OrderSend(Sym1,OP1,Ilo1,OpenPrice,0,0,0,"HedgeTrader",MagicNumber,0,Red);
  //return;
}

if (CntOrd(OP2,MagicNumber,Sym2)==0) {
  if (OP2==OP_BUY) OpenPrice=MarketInfo(Sym2,MODE_ASK);
  if (OP2==OP_SELL) OpenPrice=MarketInfo(Sym2,MODE_BID);
  Last2=OP2;
  GlobalVariableSet("_Last2"+DoubleToStr(MagicNumber,0),OP2);
  OrderSend(Sym2,OP2,Ilo2,OpenPrice,0,0,0,"HedgeTrader",MagicNumber,0,Green);
  //return;
}



}



int CntOrd(int Type, int Magic, string Symb) {
//return number of orders with specific parameters
int _CntOrd;
_CntOrd=0;
for(int i=0;i<OrdersTotal();i++)
{
  OrderSelect(i, SELECT_BY_POS, MODE_TRADES);
 
  if (OrderSymbol()==Symb) {
     if ( OrderType()==Type && ((OrderMagicNumber()==Magic) || Magic==0)) _CntOrd++;
  }
}
return(_CntOrd);
}

double TradeLot(double MyBalance) {
double _Ilo=0;
//AccountEquity()
_Ilo=MathFloor(MyBalance/Delta)/10;
if (_Ilo<0.1) _Ilo=0.1;		
return (_Ilo);

}

yaron222 · November 9, 2009

Re: Hedge Trading #1 - EUR & CHF

Hi

Password please

Thanks

dawn09 · November 9, 2009

Re: Hedge Trading #1 - EUR & CHF

----------------------------

dawn09 · November 10, 2009

Re: Hedge Trading #1 - EUR & CHF

---------------------------------

Voff · November 10, 2009

Re: Hedge Trading #1 - EUR & CHF

Can I have the password too, please?

newbee1713006039 · November 10, 2009

Re: Hedge Trading #1 - EUR & CHF

well this is the best hedge expert i ever saw...
you can set it ti buy or sell the pairs then it will track the positions tell they reach the take profit you choose and close the tow positions

33633373 2009.11.09 02:10 buy 19.60 usdchf 1.01740 0.00000 0.00000 2009.11.09 02:34 1.01572 0.00 0.00 0.00 -3,241.84
33633426 2009.11.09 02:13 buy 19.60 eurusd 1.48581 0.00000 0.00000 2009.11.09 02:34 1.48778 0.00 0.00 0.00 3,861.20
33634049 2009.11.09 02:59 buy 0.10 usdchf 1.01493 0.00000 0.00000 2009.11.09 12:41 1.00732 0.00 0.00 0.00 -75.55
33634050 2009.11.09 02:59 buy 0.10 eurusd 1.48968 0.00000 0.00000 2009.11.09 12:41 1.49943 0.00 0.00 0.00 97.50

Hi deadsoul,

do you attach the EA on the two charts usdchf and eurusd? Same magic number for both charts?

What TF do you use?

thx

newbee

⭐ deadsoul · November 11, 2009

Re: Hedge Trading #1 - EUR & CHF

@newbee

just attach it to one pair EURUSD and wait.....

newbee1713006039 · November 11, 2009

Re: Hedge Trading #1 - EUR & CHF

@newbee
just attach it to one pair EURUSD and wait.....

@deadsoul

Strange, when I attach it to the EURUSD chart it immediately opens a trade on USDCHF but none on EURUSD.

I use Broker NordFX with TF 1H.

janis7 · November 11, 2009

Re: Hedge Trading #1 - EUR & CHF

now it's working after i've removed all charts and reload charts, no more zero divide error!
4xroxtx ea provided by liverpoolrulez has no auto ratio feature and has more complicated settings inside.
i shall use hedgeea 6.6 on my live alpari uk instead of rubbish 4xroxtx ea.

Can you share hedgeea 6.6 please! Old link is dead. Thanks.

dawn09 · November 11, 2009

Re: Hedge Trading #1 - EUR & CHF

---------------------------------

newbee1713006039 · November 11, 2009

Re: Hedge Trading #1 - EUR & CHF

ok here is e dl link:

http://[email protected]/931499

Does anybody have a manual for this hedge 6.6?

Anyway it seems it is hedge 6.3 not 6.6

Sign In

Hedge Trading #1 - EUR & CHF

Recommended Posts

ryujeans

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

PyeR2

TraderTero

Starting

Voff

dawn09

Bruce

dawn09

cbot

liverpoolrulez

fx1001

cbot

best2004

⭐ deadsoul

⭐ deadsoul

yaron222

dawn09

dawn09

Voff

newbee1713006039

⭐ deadsoul

newbee1713006039

janis7

dawn09

newbee1713006039

Join the conversation

Latest Updated Topics

About us

Indo-Investasi Community

Important Pages

Browse