Ultra Hedge *Beta* - JPow
Hi Guys,
I´ve been working a new system lately. An ultra hedge system. What does that mean I will explain soon:
Well, rates are rising globally. This will lead to alot more volatility for forex because it´s getting more interesting to park money in cash. Our martingale system needs to become more well-conceived.So I developed this setup.
We working with different Phases and the same pairs. What I got so far;
Pairs are marked as: N = neutral / S = Sell / B = Buy
Phase 1: CHFJPY (N) / EURCHF (S) / EURJPY (B)
Phase 2: GBPCHF (N) / CHFJPY (S) / GBPJPY (B)
Phase 3: USDCHF ( N) / EURCHF (S) / EURUSD (B)
Phase 4: EURUSD (N) / USDJPY (S) / EURJPY (B)
All simple, its just Stochastic who either buys or sells. The (S) part is just reversing the signal. The "N" is the decision maker. So it´s supposed
to 2 vs 1 (the hedge).
This backtesting is hard and not really possible so I set up a live signal: https://www.mql5.com/en/signals/1745827?source=Site+Signals+My
Any suggestions for improvements? Is it possible to connect the the pairs for each phase? ( maybe via the magic number?) So it closes every phase individually. Of course the "Phases" can be expanded to more pairs.
Anyway here are the sets.
Ultra Hedge.zip ( the magic number need to changed for every pair)
It happened on 31 March 2022. I tried set by set to see in the worst case, how much SL % should we settle for each set .
I was looking at the currency correlation and CHFJPY and EURUSD are good opposite.... and may be it works well together...?
I had a large position of CHFJPY this morning, 1.2 lot and DD of like $400 for a few hours, before the price dived and position closed.
May be you can also runa BackTest of CHFJPY for the same period and see how it behaves?
(I'd like to do it myself... but my BT'ing is terrible)
I'm thinking of placing a cap on CHFJPY to say max of 0.6lot or something if someone can help me how I can do it...(I understand that Max lot only limit the max lot per trade rather than total max lot)
As for the magic number issues, there was a loss 1st with the Magic Number by the currency(max dd 25%) then a few hour later, magic number by the phase(max dd 13%).