kokas

This is our last project. It has been developed by some memebers and currently tested by others. It still has some bugs, but currently I do not have much time to continue this development, so I need help on this task.

The main idea behind this EA is to draw a hedge like HedgeEA, between two currency pairs, and then draw grid's on top of this hedge. There are many ways of use of this EA, maybe in the future we could automate all this but for now let keep it manual.

Currently the EA has the ability to redraw the grid closer to the price if the price moves behind the PipDivergence parameter.

For exemple:

We use a GBPJPY / CHFJPY with a 10 pips gridOffset and 50 pipdivergence.

What this will do:
It put orders for the hedge, the place pending orders for the grid and then imagine that the price drops 60 pips on gbpjpy it will delete the grid for this pair and redraw the grid closer (10 pips) from the price to capture profits quicker. The same can happen on the oposite pair.

It is hard to try to explain this way, but I could try to do best if some of you did not understand the logic behind this.

Regarding the grid, the main idea must be to not allow the grid to have more than one position open without SL. This SL can be set by breakeven or when another position is open.

The main task now it to identify the bugs and correct them.

- Version 1.16

Attached Files

	GroodgeEA_v1.13.mq4 (46.2 KB, 407 views)
	groodge.set (1.2 KB, 324 views)

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berdj

Kokas
I would like to help but please tell me what you want, since I am not a programmer. The idea sounds wonderful.

Tks
Berdj

selang

2007.06.11 22:12:58 GroodgeEA_v1.13 GBPJPY,H1: invalid lots amount for OrderSend function

This is with EuroForex. 3 positions opened so far.

Peter

"It is hard to try to explain this way, but I could try to do best if some of you did not understand the logic behind this." - yes, kokas, could you, please, describe this EA in more detail.

I put it on my demo with default settings and it has open 26 orders, but not one GBPJPY... and what I should do manually?

Thank you

kokas

Forgot to mention, you have an option that is use dynamic pairs, turn it off.

When this option is on it will scan all hedge oportunities on a big correlation matrix and enter trades on the identified pairs.

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kokas

Follow live statement here:

http://www.hedgeyp.com/stat/plan1/statement.htm

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selang

Hi,

Ive been testing this for over a week and all was going well while ive been keeping an eye on it. However it would be cool to be able to set a stoploss to minimise the effects of any bad trades. Can you give me a pointer to do this?

I have experience of programming - but am fairly new to the forex scene - and eager to learn

selang115

TimeFreedom

Kokas,

I don't understand the strategy yet, but before I start forward testing can you tell me how this strategy would have performed during G/J +1700 pip drawdown during 02.22.07 - 03.05.07?

TimeFreedom

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kokas

Hello TimeFreedom,

I was not testing the EA at that time...

Regarding the strategy is very simple.

Place HedgeTrades like HedgeEA and them put a grid on top on long position and on top of short position. Both grids are long, and the move with the price.

If gbpjpy goes down, and chfjpy goes down too, the grids are replaced to capturate profits on the rise. The grid positions are very small compared with the main positions of the hedge, so if goes down too much the short position of chfjpy will reach target profit for all, if not, just let it go, until one of the two things happens.

When the price begin rising again, all grid positions are going to be placed near the current price so it will capturate profits much more quickly.

The main idea is to have the grid positions locked before a new position is open.

The EA still have some bugs but I will finish it this week, hopefully...

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TimeFreedom

Kokas,

Very nice. I will test and provide constructive feedback to help with bugs and such.

TimeFreedom

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