TrendRangeCombo

[TraderJoeForex]

Hi,

we have those parameters already in line 208 and 209:

Code: Select all

bool    TradeLong=true;
bool    TradeShort=true;

You could post two different EAs accordingly.

EDIT: Or even better, make them extern and include the values in the settings files.

Happy pippin, Thomas

Nice, thanks for your help. I've made these changes and added to post 1

[Pooler2]

Nice one TJF,

I'm loading them on my demo ready for tomorrow.

[TraderJoeForex]

I just spotted the lot size was only 0.01 in my HGBnG sets. I have now corrected post 1. Those who have already downloaded will need to increase to 0.02.

So just to clarify one RnR chart at 0.01 and two HGBnG chart at 0.02 (one buy only plus one sell only)

[TraderJoeForex]

Here's a nice example of how this combo works together to hedge during a move.

Following a fairly sharp 180pip move up on GBPJPY this morning I have an imbalance of 6 positions with RnR at 0.01 and I have 3 Long HGBnG orders filled at 0.02. Right now the account is perfectly hedged.

If price continues to rise quickly I have no worries because the gains on HGBnG will balance any further drawdown on RnR and if price retraces then RnR will bank some decent gains while HGBnG fills a few limit orders which it will use to offset the losing stop orders.

Happy Mondays!

[currymonster]

Thanks so much for this guys, really interesting stuff, am watching and learning avidly,

Awesome :hi:

[TraderJoeForex]

Wow.. what a week to test this combination strategy! The perfect leaky toilet scenario on GBPJPY with 1000pips straight up in two days.

I can say that this HGBnG/RnR combo is not yet watertight. I was testing this on a live cent account this week and had to deposit more funds yesterday to keep it going. Not a drama when it's £50 but if it was £5,000 that would have been another matter.

Essentially today will be make or break. If we have a decent retrace I will bank a gazillion pips. If price breaks higher I will manually hedge the whole position and pull the plug on this test until I can unwind the hedge.

Let's see how this plays out and can then discuss this further at the end of this week. For now I am removing my recommendation of 0.01 per 5000 in post 1.

[TraderJoeForex]

OK this may well sort everything out one way or the other...

[Heraclees]

OK this may well sort everything out one way or the other...

Guess with my 300usd DD seems nothing compare to you TJF... good luck pal, you will come with profit if margin call won't get you first.. think to buy a champagne bottle to celebrate ok?!

[TraderJoeForex]

Guess with my 300usd DD seems nothing compare to you TJF... good luck pal, you will come with profit if margin call won't get you first.. think to buy a champagne bottle to celebrate ok?!

I settled for an early bottle of red. Now I can think clearly again....

[TraderJoeForex]

Ok so I want to address a problem that became apparent for me this week using HGBnG the way I have suggested with this strategy:

A losing sequence of trades will open more and more grids against the trend until it has a chance to close them out through offsetting (assuming that opportunity comes which it didn't for me this week).

A winning sequence of trades close out at the earliest opportunity of either a range wavy, opposite signal or offsetting a previous loser.

This is fine most of the time.. and last week a 300pip daily range was handled with ease. Not so this week.. I got snagged with probably the last (ever) HGI down arrow before price shot up at the start of the week and this losing grid got bigger, and Bigger, and BIGGER.

After adding funds yesterday to double my (cent) account to continue testing, and the subsequent break higher this morning my emergency hedge kicked in with 77% (of 12k) draw down and I now have a 2 Lot hedge to unwind .. time to dust off those manual trading skills I think I hope I have.

There must be a solution to this and although this week on GBPJPY is a long way from "normal" trading conditions if a solution is found this combination will hold it's head high. I realize that the solution will involve downgrading potential profits from HGBnG which was meant to play a supporting act in this combination anyway but was almost becoming the star. I just hadn't taken into account how it would respond when unable to close losers through offsetting so I am glad this week is the week it was. Better to find out on demo or cent and all that.

The potential profits are staggering and a couple of PM's have suggested a few peeps have been luckier than I with the flow of positions generated.

I would be interested in any Global Prime results this week If anyone can post a trade report testing what I posted?

More soon.....