Hedging Scalper M5+H4

[Rio]

Santa's come early.

 

Here's "Hedging Scalper" from the same person who did "Aggressor"

 

http://forex-ea.org/index.php/ea-ats/85-hs-m5-h4.html

 

This one seems a little safer, and doesn't dig into your equity as much as Aggressor3.13 does. It may be a little less profitable as a result, but anything a little less risky is good in my opinion.

It racks up balance, but as time goes on, the accumulated "toxic asset" float of your open trades drags your equity back a bit.

 

It probably works best if you have a microlot account and give it a small amount of money to play with each month (like $300 with microlot)

At the end of the month, close all trades, take your profits, and let it start again on the next month.

 

In the unlikely event that it blows up $300 from a fresh slate of no floating trades, then it's not a huge loss.... especially when it can turn $300 into $1500 profit per month and the odds are in your favour, I think you will come out a winner.

Not a holy grail at all, but an extra $1000 per month can't be a bad thing. ;)

If you have $3000 lying about, trading it with 0.1 lots could be a lot of fun too :D

I'm quite partial to trading this way with EAs that hedge, and can handle whatever the market throws at it. None of these EA are attempting to pick market tops and bottoms! (which is what they SHOULD be doing!)

 

This one has been fully educated from the time-limited demo somebody gave me (the full version cost about $500!). I even added an XE version that will work on any pair, on any timeframe. I noticed that the demo account that the author used also ran this EA on EURUSD, and also had an M1 version "bonus" with the full version.

Looking at the code, all the different versions for each pair were identical, with identical settings. (!!)

The only thing that stopped the EA working on other pairs or other time frames were a few lines to ensure you put it on the recommended pairs and timeframes only! In XE, all the brakes are off!

 

Recommended to work on GBPUSD and EURGBP on either M5 or H4 timeframe.

If you use the EA on the same pair on more than one timeframe, make sure you give the EAs different magic numbers.

 

Don't forget the thanks.

 

http://www.4shared.com/file/lqsRqrtn/HS-XE.html

 

Seasons Greetings

Edited December 24, 2010 by Rio

[tyt1]

thanks! will test this on demo.

[⭐ musketeer]

your sharing spirit is good! :)

 

but the ea...

 

judge...

 

[spoiler=HS] http://www.myfxbook.com/members/mirusevxs33/delta-hs/72219

 

Edited December 24, 2010 by musketeer

[Rio]

Yeah, there's a reason why there's a minimum equity requirement on the chart when you start the EA.

You need something like $8000 to start the EA with 0.01 lot and survive massive drawdowns, but with that much money and using such small lots, you aren't going to profit much at all.

 

As with any EA of this sort, there's always going to be a "risk of ruin". Best cut your losses every month, lest they build up over a three month period and whack your equity down a hole (as in november on that test)

[⭐ musketeer]

it almost never was in green zone... (equity) perhaps it needs more time to develop

but!

even if the balance becomes equity it is about 2%/mo or 24-30/y... more than bank's interest but... not suitable with me

 

perhaps running it with 3-5k and get *these* results...

unfortunately I've forgot to run logger to get exact acc's state all the time

based on myfxbook its max DD is $2500 but I am not sure is it the true max DD...

Edited December 24, 2010 by musketeer

[Rio]

hmm... This page seems to give better results for $200 in one month:-

 

http://www.onix-trade.net/?act=monitoring_stat&xid=23690

 

note that they had it blasting away on the EURUSD and USDCHF in addition to the other pairs.

That's something we'll be able to do too with the XE version :)

[proprietario]

Sorry but I see 5 mq4:

 

Hedging Scalper-XE

Hs-H4eurgbp

Hs-H4gbpusd

Hs-m5eur gbp

Hs-m5gbpusd

 

There's not a manual, how we install mq4? And for the back test which

should be used?

I would think that should be used on M5 and h4

EURGBP and GBPUSD. (mq4 then two per couple)

 

So what is it for Hedging-scalperXe.mq4?

 

Thank's

[Rio]

I explained it in my first post.

 

There is no manual, so I assume you just use the standard values.

You're getting better support from me than you are the vendor!

 

The HS mq4 files are the original (educated) files you receive with the package, that only work on the recommended pairs and timeframes. The XE version has the additional feature of not limiting you to pair or timeframe. It won't prevent you from using a non-standard pair or timeframe.

 

Essentially the trading code is identical between all the mq4 files. The settings are no different between all of them.

Edited December 24, 2010 by Rio

[⭐ musketeer]

hmm... This page seems to give better results for $200 in one month:-

 

http://www.onix-trade.net/?act=monitoring_stat&xid=23690

 

note that they had it blasting away on the EURUSD and USDCHF in addition to the other pairs.

That's something we'll be able to do too with the XE version :)

 

I will add to my dedicated to it testing acc. But from 1-st of January...

[Rio]

I'm also testing this (as well as aggressor) on a demo account.

Sometimes it takes a few days, but eventually equity gets itself above starting balance and stays there.

Something would have to REALLY go wrong to blast your starting balance within that time.

After that, the rest is just gravy.

[Atlas1713006436]

Santa's come early.

 

Here's "Hedging Scalper" from the same person who did "Aggressor"

 

http://forex-ea.org/index.php/ea-ats/85-hs-m5-h4.html

 

This one seems a little safer, and doesn't dig into your equity as much as Aggressor3.13 does. It may be a little less profitable as a result, but anything a little less risky is good in my opinion.

It racks up balance, but as time goes on, the accumulated "toxic asset" float of your open trades drags your equity back a bit.

 

It probably works best if you have a microlot account and give it a small amount of money to play with each month (like $300 with microlot)

At the end of the month, close all trades, take your profits, and let it start again on the next month.

 

In the unlikely event that it blows up $300 from a fresh slate of no floating trades, then it's not a huge loss.... especially when it can turn $300 into $1500 profit per month and the odds are in your favour, I think you will come out a winner.

Not a holy grail at all, but an extra $1000 per month can't be a bad thing. ;)

If you have $3000 lying about, trading it with 0.1 lots could be a lot of fun too :D

I'm quite partial to trading this way with EAs that hedge, and can handle whatever the market throws at it. None of these EA are attempting to pick market tops and bottoms! (which is what they SHOULD be doing!)

 

This one has been fully educated from the time-limited demo somebody gave me (the full version cost about $500!). I even added an XE version that will work on any pair, on any timeframe. I noticed that the demo account that the author used also ran this EA on EURUSD, and also had an M1 version "bonus" with the full version.

Looking at the code, all the different versions for each pair were identical, with identical settings. (!!)

The only thing that stopped the EA working on other pairs or other time frames were a few lines to ensure you put it on the recommended pairs and timeframes only! In XE, all the brakes are off!

 

Recommended to work on GBPUSD and EURGBP on either M5 or H4 timeframe.

If you use the EA on the same pair on more than one timeframe, make sure you give the EAs different magic numbers.

 

Don't forget the thanks.

 

http://www.4shared.com/file/lqsRqrtn/HS-XE.html

 

Seasons Greetings

 

Kudos! And Happy Holiday Season

[Rio]

Just an update:

The XE version wasn't trading due to a mistake I made in the educating.

This is now fixed and actually opens trades now.

 

http://www.4shared.com/file/ZjJIc78P/HSXE.html

 

Sorry about that everyone. Here's the whole package again.

 

Also a correction in the instructions: You shouldn't use the EA on two timeframes on the same pair. The EAs will get confused and trample on each other's trades.

Edited December 29, 2010 by Rio

[acosma]

Some problems opening orders for the other 4 ea on live account, I'm trying to fix it, no problem on demo account. I also got zero divide when autolot = true

It's strange that I got problems on live and on demo is good, it's the same broker.

broker activtrades (5 digits)

Edited December 29, 2010 by acosma

[Rio]

That's strange. I have had no problems running this on demo. Of course, you need a broker that allows hedging and microlot, or things won't work.

I have yet to try it live, but I will wait to test it next year.

[acosma]

That's strange. I have had no problems running this on demo. Of course, you need a broker that allows hedging and microlot, or things won't work.

I have yet to try it live, but I will wait to test it next year.

 

There was a my mistake: I loaded scalper profile but on its charts symbol was for example gbpusd not gbpusd-fx (activtrades interbank account), so error was due to wrong symbol choice, now I resolved the issue.

[Elma]

 

Also a correction in the instructions: You shouldn't use the EA on two timeframes on the same pair. The EAs will get confused and trample on each other's trades.

 

 

Hi Rio,

 

If i use the other 4 EA and used them at same pairs but difference TF chart will it run properly or still get confuse as XE version?

[Rio]

Hi Rio,

 

If i use the other 4 EA and used them at same pairs but difference TF chart will it run properly or still get confuse as XE version?

 

A look in the code shows that the EA uses two magic numbers, and these are not available in the inputs, but are hardcoded in the EA. That means that two EAs on different timeframes on the same pair will step on each other's trades, causing the strategy to fail.

 

I probably should have put the magic numbers in the inputs for XE. My only concern is that I don't want to meddle too much with the code of the EA lest I do something stupid and screw up it's trading algorithms.

A small Magic Number hack couldn't hurt I suppose... but I question if it's really necessary. You're going to need a boatload of equity to want to open so many charts!

[stock]

Could anyone mirror to multiple upload?

 

Thanks in advance

[acosma]

A look in the code shows that the EA uses two magic numbers, and these are not available in the inputs, but are hardcoded in the EA. That means that two EAs on different timeframes on the same pair will step on each other's trades, causing the strategy to fail.

 

I probably should have put the magic numbers in the inputs for XE. My only concern is that I don't want to meddle too much with the code of the EA lest I do something stupid and screw up it's trading algorithms.

A small Magic Number hack couldn't hurt I suppose... but I question if it's really necessary. You're going to need a boatload of equity to want to open so many charts!

 

I use other 4 ea with default profile all together on different time frame and till now it seems to go well

[Elma]

I use other 4 ea with default profile all together on different time frame and till now it seems to go well

 

HI acosma,

 

I'm using 4pairs same as u. DUe to too many trade so I also confuse whether it work properly or not?

From wat I can see is this EA is not hedging it is martingle type. It open 0.01 lot for the 1st trade then open 0.02 lot in the same direction. But until now the biggest lot is only 0.02. Is that your ea work like this way as well?

[ecashpro]

Just an update:

The XE version wasn't trading due to a mistake I made in the educating.

This is now fixed and actually opens trades now.

 

Code:

http://www.4shared.com/file/ZjJIc78P/HSXE.htmlSorry about that everyone. Here's the whole package again.

 

Also a correction in the instructions: You shouldn't use the EA on two timeframes on the same pair. The EAs will get confused and trample on each other's trades.

 

I cannot get this link to download. Once it gets past the 20 sec wait it freezes. Could someone

please mirror the download please - thanks in advance.

[bonnie12345]

 

http://www.4shared.com/file/ZjJIc78P/HSXE.html

 

This file does not download???

 

Please mirror somewhere else for members

 

Thanks'

[acosma]

HI acosma,

 

I'm using 4pairs same as u. DUe to too many trade so I also confuse whether it work properly or not?

From wat I can see is this EA is not hedging it is martingle type. It open 0.01 lot for the 1st trade then open 0.02 lot in the same direction. But until now the biggest lot is only 0.02. Is that your ea work like this way as well?

 

yes, for me it seems to work like you said, but finally they closed positions some with low loss and the others with profit, overall always in profit till now.

[Rio]

Yep, well that seems to be the issue with EAs of this kind, be it pyramiding, martingale or hedging.

Generally speaking you will have profits every month, but only as long as you wipe out all hanging trades every month and remove your profits. Otherwise you end up with some very toxic drawdown that accumulates and sinks your equity, and unless you have the Free Margin as displayed on the chart, there's a risk of margining the account out.

 

Fortunately you can get the thing up and running with only a few hundred dollars starting balance

[acosma]

Yep, well that seems to be the issue with EAs of this kind, be it pyramiding, martingale or hedging.

Generally speaking you will have profits every month, but only as long as you wipe out all hanging trades every month and remove your profits. Otherwise you end up with some very toxic drawdown that accumulates and sinks your equity, and unless you have the Free Margin as displayed on the chart, there's a risk of margining the account out.

 

Fortunately you can get the thing up and running with only a few hundred dollars starting balance

 

Rio I set all four ea at max 1% risk all other parameters at default, so I think I could manage well DD. anyway I follow your tip. Thanks.