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  #1 (permalink)  
Old 02-05-2008, 08:43 PM
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Hedge Profit Taking

Been testing this manually and would like to code it to close auto.



Here is system



Place orders as follows

1ST SET OF 3

EURUSD BUY 1

EURUSD SELL 1

GBPUSD SELL 0.67



2ND SET OF 3

EURUSD SELL 1

EURUSD BUY 1

GBPUSD BUY 0.67



NOW CLOSE WHICH EVER FIRST SET OF 3 PAIRS ARE IN TOTAL PROFIT OF YOUR CHOICE. LEAVE THE OTHER 3 OPEN. THEN REENTER AGAIN AND REPEAT.



BY DOING THIS YOU POCKET MONEY IN YOUR BALANCE AND KEEP A LOW FLOATING TEMP ORDERS OPEN TILL PROFIT OCCURS WHICH IT WILL,



THATS WHY AN EA IS NEEDED TO MONITOR IT 24HRS.



IN THEORY SHOULD BE SAFE.



LETS TEST IT
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  #2 (permalink)  
Old 02-05-2008, 09:36 PM
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please clarify

why do you think that EURUSD BUY 1 and EURUSD SELL 1 should be in profit at all (or EURUSD SELL 1 and EURUSD BUY 1) ???
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Old 02-06-2008, 04:30 AM
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Old 02-06-2008, 05:04 AM
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Quote:
Originally Posted by fab4x View Post
Been testing this manually and would like to code it to close auto.



Here is system



Place orders as follows

1ST SET OF 3

EURUSD BUY 1

EURUSD SELL 1

GBPUSD SELL 0.67



2ND SET OF 3

EURUSD SELL 1

EURUSD BUY 1

GBPUSD BUY 0.67



NOW CLOSE WHICH EVER FIRST SET OF 3 PAIRS ARE IN TOTAL PROFIT OF YOUR CHOICE. LEAVE THE OTHER 3 OPEN. THEN REENTER AGAIN AND REPEAT.



BY DOING THIS YOU POCKET MONEY IN YOUR BALANCE AND KEEP A LOW FLOATING TEMP ORDERS OPEN TILL PROFIT OCCURS WHICH IT WILL,



THATS WHY AN EA IS NEEDED TO MONITOR IT 24HRS.



IN THEORY SHOULD BE SAFE.



LETS TEST IT
On EURUSD is that 1 lot, or 0.1lots, or 0.01lots?

Why the 0.67???
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Old 02-06-2008, 08:31 AM
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I have a few questions: What is your take profit criteria for one group to close in profit?

The second question is: what is your stop loss criteria? Assuming that one pair goes against the market - the EURUSD pair is a hedge so they are fine, but the GBPUSD is standalone. If the market goes in an opposite direction for one group, then the GBPUSD is making losses considerably.

While one group is making losses, the other group is taking profit. But every time that profitable group closes and reopens, you will loose out on the spread. Thus the profit from the winning group will not be able to catch up or counter the loosing group.
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Old 02-06-2008, 08:33 AM
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Yes, by opening an identical hedge and closing them at the same time, you will loose on the spread.
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Old 02-10-2008, 12:19 AM
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You state you have been testing this manually; can you please share with us the results of your testing? How long have you been testing, and how much has your account grown by, and what has been your drawdown?

Thank you.

Quote:
Originally Posted by fab4x View Post
Been testing this manually and would like to code it to close auto.



Here is system



Place orders as follows

1ST SET OF 3

EURUSD BUY 1

EURUSD SELL 1

GBPUSD SELL 0.67



2ND SET OF 3

EURUSD SELL 1

EURUSD BUY 1

GBPUSD BUY 0.67



NOW CLOSE WHICH EVER FIRST SET OF 3 PAIRS ARE IN TOTAL PROFIT OF YOUR CHOICE. LEAVE THE OTHER 3 OPEN. THEN REENTER AGAIN AND REPEAT.



BY DOING THIS YOU POCKET MONEY IN YOUR BALANCE AND KEEP A LOW FLOATING TEMP ORDERS OPEN TILL PROFIT OCCURS WHICH IT WILL,



THATS WHY AN EA IS NEEDED TO MONITOR IT 24HRS.



IN THEORY SHOULD BE SAFE.



LETS TEST IT
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Old 02-10-2008, 03:02 AM
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Where did the author of this thread go? Why post one time and then vanish for days?
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