ESS HEDGER This Just Might Work!

Earl · #1 11-14-2008, 11:33 PM

Looking for a Decompiler came accross theis program...this just might work

EES Hedger

Do you have the need to take the opposite side of a trade? Using manual trading or another EA, EES Hedger can immediately take the opposite position as specified in EA parameters.

Instructions:

For example, you are trading FAPS EA on GBPUSD and FAPS EA uses magicnumber of 23136

so you want to use EES Hedger in conjunction with FAPS EA. Open another GBPUSD chart (same pair SAR EA is trading), does not matter which time frame, but it is ideal that you use the same timeframe as what the FAPS EA is trading, or a lower timeframe. Now on EES Hedger’s external var: Original_EA_Magic enter FAPS EA's magicnumber which is in this example 23136. Now make sure that Advocate_EA_Magic is different from Original_EA_Magic. Once FAPS EA opens a trade, EES Hedger will open the opposite order. Now if you want to use EES Hedger for Manual trades, simply input Original_EA_Magic = 0.

Parameters:

Original_EA_Magic = 0, //This is the magic number that your 1st EA uses where advocate EA will base its trades on

Advocate_EA_Magic = 2008, //This is the advocate EAs own magic number please keep it unique to avoid conflict

Slippage = 6, //Amount of allowed slippage

TakeProfit = 50, //Take profit amount, per trade

StopLoss = 50, //Stop loss, per trade

TS_MinProfit = 0, //minimum profit require before trailing stop starts

TrailingStop = 25, //this is the trailing stop in pips

BreakEvenAfterPips = 25; //when this amount in profit in pips is reached SL will be moved to breakeven

ANY CODERS IN THE HOUSE????? we don't want it to open on every trade just trades which are 75 pips +

wishiwasrich · #2 11-15-2008, 01:24 PM

Hi Earl,

It is great to see everyone coming together to develop a winning EA system!! Have you had any luck testing this one out?

riturajchahal · #3 11-15-2008, 04:19 PM

hi earl
thanks a lot for ess hedger
your great
now lets see its results
did u had any luck with it yet

Earl · #4 11-15-2008, 05:04 PM

no...you can't back test it... you'll have to try it on your demo account..

it also need some adjustment in mq4... so that it doesn't buy until you are losing 50 pips or so...

I re did some of the code...but I am not a coder ...lol I don't know if it will work.....

the one posted here has not been recoded I was hoping one of the many coders here could help us out

Earl · #5 11-15-2008, 10:10 PM

This program might work as is......

I'm not sure about the settings but I will post as soon as I have something..or you guys can play...

do it on a demo account...LOL

BryanA · #6 11-16-2008, 01:35 AM

The only problem I can see with it, and there has been no forward testing of it yet, is this. Many of FAPS trades never move more than 10 or so pips from entry before they turn for the profit. Some less than that with strong movement. In those cases a hedge trade is obviuously not neccesary. I beleive you were saying that it starts the hedge = to the FAPS entry. If we were able to have settings to move that entry around depending on trending strength I think it would be a very beautiful thing.

And like you were saying as well, maybe these coders can work that out. I know "nothing" of coding. I intend on learning though.

Bryan

Earl · #7 11-16-2008, 02:37 AM

I was thinking more along the lines of gaining an extra 10 or 50 pip per trade.

Most of the positions FAPS opens immediately move 10 to 50 pips the other way before they go into profit....

this could help to maximize profits...hedging maybe maybe not...but to maximize profits I think yes this can work.

it's rare to see FAPS take an order that goes directly into profit

joames · #8 11-16-2008, 06:48 AM

Hey, Earl:

Exactly, i was writing this idea in the forum when i see your post, because i use it in my live account, and works fine. It increase the reward. FAP always move many pips against when open. Then i open other order when opened position is about -10 or -50, and i get more pips, to maximize profits against loses. The danger is you never know when arrive the loss, then you have two positions opened.!! The posible solution, is get 300 pips extra in this trades, if you have 300 pips stoploss, and then, you always have loss 0. :-)

I give other idea, FAPS have always many wins, and one trade of loss every many wins, always have only one consecutive loss in backtest in this forum, really? Then, when i have the loss, the next operation i will put many lots, because the posibility of win is enormeus. In the second trade, then i put normal...Whay do you think about it? Years ago, i use this strategy in casinos, and i won many money....but its better FAPS!!!!

Are two ideas very, very good for all.

Quote:

Originally Posted by Earl

I was thinking more along the lines of gaining an extra 10 or 50 pip per trade.

Most of the positions faps opens immediately move 10 to 50 pips the other way before they go into profit....

this could help to maximize profits...hedging maybe maybe not...but to maximize profits I think yes this can work.

it's rare to see faps take an order that goes directly into profit

Earl · #9 11-16-2008, 09:07 AM

Quote:

Originally Posted by joames

Hey, Earl:

Exactly, i was writing this idea in the forum when i see your post, because i use it in my live account, and works fine. It increase the reward. FAP always move many pips against when open. Then i open other order when opened position is about -10 or -50, and i get more pips, to maximize profits against loses. The danger is you never know when arrive the loss, then you have two positions opened.!! The posible solution, is get 300 pips extra in this trades, if you have 300 pips stoploss, and then, you always have loss 0. :-)

I give other idea, FAPS have always many wins, and one trade of loss every many wins, always have only one consecutive loss in backtest in this forum, really? Then, when i have the loss, the next operation i will put many lots, because the posibility of win is enormeus. In the second trade, then i put normal...Whay do you think about it? Years ago, i use this strategy in casinos, and i won many money....but its better FAPS!!!!

Are two ideas very, very good for all.

you are a gamblin man...lol

of course that could work....you'd have to get some one to code it...or learn to code it yourself.

if you think it ...it's possible

Earl · #10 11-16-2008, 09:48 PM

Quote:

Originally Posted by Earl

Looking for a Decompiler came accross theis program...this just might work

EES Hedger

Do you have the need to take the opposite side of a trade? Using manual trading or another EA, EES Hedger can immediately take the opposite position as specified in EA parameters.

Instructions:

For example, you are trading FAPS EA on GBPUSD and FAPS EA uses magicnumber of 23136

so you want to use EES Hedger in conjunction with FAPS EA. Open another GBPUSD chart (same pair FAPS EA is trading), does not matter which time frame, but it is ideal that you use the same timeframe as what the FAPS EA is trading, or a lower timeframe. Now on EES Hedger’s external var: Original_EA_Magic enter FAPS EA's magicnumber which is in this example 23136. Now make sure that Advocate_EA_Magic is different from Original_EA_Magic. Once FAPS EA opens a trade, EES Hedger will open the opposite order. Now if you want to use EES Hedger for Manual trades, simply input Original_EA_Magic = 0.

Parameters:

Original_EA_Magic = 231313, //This is the magic number that your 1st EA uses where advocate EA will base its trades on

Advocate_EA_Magic = 2008, //This is the advocate EAs own magic number please keep it unique to avoid conflict

Slippage = 3, //Amount of allowed slippage

TakeProfit = 20, this is safe you could fo to 15

StopLoss = 20, it might eat all your profit but you win some you lose some

TS_MinProfit = 0, //minimum profit require before trailing stop starts

TrailingStop = 0, //this is the trailing stop in pips

BreakEvenAfterPips = 25; //when this amount in profit in pips is reached SL will be moved to breakeven

lot size = .23 I would set this to half of your current lot size

ANY CODERS IN THE HOUSE????? we don't want it to open on every trade just trades which are 75 pips +

a great topper...you just have to go into to meta and change the settings at the start of the program it doesn't seem to work in the input section....

so far on 3 trades it made me 20 pips extra per trade....it could make more but...yanno

if you have no clue what to do...don't do it..LOL
but it works...

if you set the tp to 150 you could use it to hedge ...you could manually modify the trade after it's bought so that it closes at even...

or just set your stop loss to 5 so that if it goes the other way your safe..

hey btw the inputs work I think next trade will tell