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Hedge10: an experimental 10 pip target hedge trader
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=243		 Page 1 of 1
Author:  SteveHopwood [ Wed Jan 11, 2012 5:45 pm ]
Post subject:  Hedge10: an experimental 10 pip target hedge trader
SERIOUS WARNING
  • Most Forex traders lose all their money.
    Using the robot posted here in trading Forex does not guarantee success.
    Trading this robot could lead to serious financial loss.
    Trading this robot without understanding its underlying trading strategies guarantees traders will lose their money.
    At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.
    To trade this robot, you have to understand:
    How to use EA's.
    The trading system in the attached pdf

subkey sent me the attached pdf today. It looks fun, so I coded it. I doubt it has a future; those whipsaws the writer mentions happen more often then he seems to thing - nowadays at least

You cannot use this on a live account, so bung it on a demo and see if you can make it work.

:D

Matters of general interest

Read this post:
http://www.forexfactory.com/showthread. ... ost4923611 Newbie traders, read this for inspiration and warning. Those of you who have suffered losses, read it for inspiration. There is a thread devoted to Sam's trading method at http://www.forexfactory.com/showthre...25#post5118825

Masterly summary of hedging: http://www.forexfactory.com/showthread. ... ost4977179

EA coding
I receive may requests to code EA's. Traders, if I code your EA for free, then I will share it here. If you want me to code your EA without sharing, then my fee is $100 payable into my paypal account. I explain why at http://www.forexfactory.com/showthread. ... ost4431794, at the bottom of the post.

Useful utilities/EA's/scripts
MaryJane has posted a fabulous utility to allow us to resize EA input windows: http://www.forexfactory.com/showthread.php?t=299017
Multi purpose trade manager: http://www.forexfactory.com/showthread.php?t=89371
Account equity analyser: http://www.forexfactory.com/showthre...16#post4693716 Also at http://www.forexfactory.com/showthread. ... ost4709098, which includes a template for both USD and the Euro.
Past-trades display indi by squalou; shows a graphical display of the success/failure of trades in your History tab. Breathtaking piece of work. http://www.forexfactory.com/showthread. ... ost3830610
My shell EA – the code I use to produce EA's so quickly. http://www.stevehopwoodforex.com/phpBB3 ... p?f=5&t=15
Author:  Gamma_gallus [ Wed Jan 11, 2012 5:54 pm ]
Post subject:  Re: Hedge10: an experimental 10 pip target hedge trader
sing.gif


Great a new toy !

Thanks Steve !
kiss.gif
Author:  garyfritz [ Wed Jan 11, 2012 6:18 pm ]
Post subject:  Re: Hedge10: an experimental 10 pip target hedge trader
Hm. So if I state this in non-hedged terms, "When the price hits the daily High, place buy & sell orders X pips away from the daily High, with TP 10 pips past the entry. Same around the daily Low."

Steve, my crim has a 0.1 minimum lotsize. I specified 0.1 lotsize but I get "invalid trade volume" errors. Read the code and realized RiskPercent overrode Lot, so I set RiskPercent to 0, and then I got "invalid stops." So neither fixed Lot nor RiskPercent seem to work with 0.1 crims.

It looks like CalculateLotSize should figure the correct 0.1 minimum lotsize so I'm not sure where the problem lies.
Author:  alex_forex [ Wed Jan 11, 2012 6:25 pm ]
Post subject:  Re: Hedge10: an experimental 10 pip target hedge trader
Xmas every day on this forum :lol:
Author:  garyfritz [ Wed Jan 11, 2012 7:21 pm ]
Post subject:  Re: Hedge10: an experimental 10 pip target hedge trader
I knocked out a quick test in Tradestation and ran it on EURUSD with the 30/40 values. I exited a position when you hit the opposite entry. I.e. I go long at YestHigh + 30, take PT at YestHigh + 40, stoploss at YestHigh - 30. I also experimented with setting the SL a fixed # of pips from the entry.

On a year of EU, it went up & down and ended down 1000 pips. I got about 83% wins, a bit lower than the 90% he claimed, but the losses were big enough to swamp out the wins. I experimented with different-sized entry and PT and with several pairs, and nothing seemed to work very reliably. USDJPY looked great with 10/20 instead of 30/40, but the average trade (before slippage/etc) was only 3.3 pips.

There might be something worthwhile here, but it will need some work.
Author:  SteveHopwood [ Wed Jan 11, 2012 9:26 pm ]
Post subject:  Re: Hedge10: an experimental 10 pip target hedge trader
garyfritz wrote:I knocked out a quick test in Tradestation and ran it on EURUSD with the 30/40 values. I exited a position when you hit the opposite entry. I.e. I go long at YestHigh + 30, take PT at YestHigh + 40, stoploss at YestHigh - 30. I also experimented with setting the SL a fixed # of pips from the entry.

On a year of EU, it went up & down and ended down 1000 pips. I got about 83% wins, a bit lower than the 90% he claimed, but the losses were big enough to swamp out the wins. I experimented with different-sized entry and PT and with several pairs, and nothing seemed to work very reliably. USDJPY looked great with 10/20 instead of 30/40, but the average trade (before slippage/etc) was only 3.3 pips.

There might be something worthwhile here, but it will need some work.
Not entirely surprised. Needing to win 6 trades on the bounce just to cater for a loser and break even is not promising. Thanks for doing this.

:D
Author:  junglist00 [ Thu Jan 12, 2012 11:13 am ]
Post subject:  Re: Hedge10: an experimental 10 pip target hedge trader
I have 2 of steve's castoffs that I am currently running in this manner on penny account, one of which he was graceful enough to add hedging module , the other was designed to hedge. I can attach them over the weekend with set files or create new threads with them (again, over weekend). I have gotten a few account blown by straight martingale ... with this hedging method so far as gone for mths. I have reached up to 70% drawndown but so far ok. You would not want to trade this on anything more than a penny account or at 10cent/pip. Basically idea is 1-2+4-8+16-32+64-128 as opposed to 1+2+4+8+16+32+64+128 , again the drawn is still there, just greatly reduced.
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