Yes, that matches the empirical study I did. Here was my calculation of holding all 3 positions:Raiden wrote:And this needs to be cleared up. If you sell 1 lot EURUSD, buy 1 lot EURCHF, sell 1 lot USDCHF. Your effective cross is a smaller buy USDCHF position, not EURCHF.
Raiden,Raiden wrote: Yes, exactly, and you can see how much this extra is from the net effective rate of 0.91484 USDCHF while you could have just gotten it at 0.91373. You are paying an extra 10.1 pips.
Thank you and Jeuro for getting it so quickly. No offense to others as it took me a while to figure it out when I was working it out myself.
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And this needs to be cleared up. If you sell 1 lot EURUSD, buy 1 lot EURCHF, sell 1 lot USDCHF. Your effective cross is a smaller buy USDCHF position, not EURCHF.
With the current random entry, the system will lose eventually when the USDCHF trends in the opposite direction of net USDCHF trade. And negative swap will eat up the position gradually too.
And even with a selective entry (overbought/oversold analysis), there's no point to pay the extra 10+ pip spread rather than just take the direct USDCHF trade.
Now, if you truly hedge the triangle trade with the proper lotsizes, with a random entry with no analysis of divergence, you will be stuck in the position forever and not be able to exit in a profit.
If you do make a divergence analysis, which does occur occasionally, the 1-2 arbitrage pips will be swallowed up by the slippage. Take note that you also have to cover the total spread of all 3 positions. The risk of a requote also throws the whole system out the window when it happens.
Take it from a guy who's worked this to the bone.
mobthehop wrote:run yesterday's version, one OOTB, one with currency pairs reversed - OOTB W10 L6 P=7.68, reversed W15 L14 P23.50, 0.1 lot per, crim UniversalFX Demo
Question:
1. How do I stop EA to take new trade after closing pairing without taking DD loss of a consecutive order set?[/code]
At the mo, you cannot. If this bot looks like having some legs, then I will add a few features to interrupt trading - trading hours, sleep after basket closes, stop trading after next basket closes - that sort of thingy.Code: Select all
2. Is it me or why is F7 EA properties not working? (forget this, just saw Steve's post in Graeme EA thread)[/quote] This is something I forgot to explain in post 1. I will answer it here and then copy it. Having a multi-pair trader on only one chart in the basket means that calculations are only performed when that chart receives a tick - not helpful if one of the other pairs is going stratospheric as a result of, say, a CBI event. To overcome this, the EA goes into an endless loop once it receives its first quote. This look occurs every half-second, ensuring that the calculations are as near up to date as possible. It also makes the F7 key unavailable; no idea why, but as I indicate elsewhere this is an advantage to unwary users. [quote]3. The W/L stats are for individual pairs, right? [/quote]Nope. :D
Nice bit of bloop-spotting. Thanks. That happened when I swapped the pair order around to make EC the leading pair to accommodate scoobs' Rsi filter.SteveM wrote:EA currently in post 1 has the wrong combination of buys/sells which makes it unbalanced
It has Sell EURCHF, Sell USDCHF and Buy EURUSD
Instead of BUY EURCHF, SELL EURUSD, SELL USDCHF
or SELL EURCHF, BUY EURUSD, BUY USDCHF
I had the same thing happen, but eventually (i.e. after a few hours) the second successful trade triggered a stack and the basket closed at its profit.viracoccha wrote:it is very interesting idea here .....
but what you think if there is ZeroStopLossProfit filter (basically same as Break Even function). So if I set STACKING 15 pips and ZeroStopLossProfit 30, then after 3rd order I secure my first order with 0 profit. So if the market changing direction then I dont get any minus at least from my first order. At the moment this EA running in my demo acc and I see that if market changing direction I dont see how I can be in profit again. At this moment I have there -10 dollars. It need drastically changing to get profit.
