Wow, this is really great. Thanks a lot xux99

Thanks for your fast answer! Ok – you’re relying on CNY as an assumed stable anchorpoint for different crosses. But why does CNY provide this stability? Is it because of the strength and growth of Chinese economy, or because of the active interventions of the Chinese government? This seems to be a dangerous game to me.

It’s absolutely fine for…[Read more]

Sure: fundamentals are important. And since we don’t get them directly via MT all we can do is to stay informed, interpret the facts and use that knowledge as some kind of bias filter in our strategies.

In the multipair EA I’m currently working on I will just set up manually tunable filters for every pair and currency, so the user can influence…[Read more]

Hi Kiads,

Please allow a noob question: what’s the difference between having your anchor pair or not from a mathematical point of view? When the ticks coming in are correct then it shouldn’t make a difference at all, IMO. Did you check the difference?

Regards, simplex

Great!

This is interesting, it will impact all other currencies … In this case, do you prefer to calculate all 28 pairs brother ?

Some thing like Fundamental issue ? Without data from metatrader (or other platform) i think it is difficult for us to calculate the strength …

Thanks bro, do you mean if CNY strong, it will give impact to USD, EUR, JPY ?  How do you use CNY to measure currency strength?

IMO, absolutely right! In spite it can work to choose CNY as a common anchor for EUR, USD, and JPY, it’s far from being my first choice for such an attempt.

When trading 3 currencies, why should I choose a fourth one just to calculate those crosses, if all crosses necessary are available as pairs ‘inside’ those 3 currencies in focus? This idea…[Read more]

Thanks bro. I just hope, after she drops to around 1.116x tomorrow, she will rise again to around 1.128x , retrace , and rise again.  But as you said, EUR can also go down deeper ……

Thanks again G

Hi bro, China has the biggest economy growth at the moment in Asia (may be in the world?) , but the market share of CNY is only  1.1% (a little bigger than NZD). I am not sure it will give big impact to “currency strength” calculation.

Thanks a lot G, so actually if we trade only 3 pairs (EURUSD, EURJPY, USDJPY) it is more than enough. We do not need to look at other currency, especially CHF
Or, if we have 3 of them in the same direction, then we just need to look for other currency (that most) in opposite direction ….

Thanks a lot G, so actually if we trade only 3 pairs (EURUSD, EURJPY, USDJPY) it is more than enough. We do not need to look at other currency, especially CHF

Thanks a lot G, so actually if we trade only 3 pairs (EURUSD, EURJPY, USDJPY) it is more than enough. We do not need to look at other currency, especially CHF
Do you have “market share” in Spaghetti calculation ?

Thanks a lot G, so actually if we trade only 3 pairs (EURUSD, EURJPY, USDJPY) it is more than enough. We do not need to look at other currency, especially CHF

Understood, thanks a lot G !!

Thank G, may be you mean ‘three’ of them (instead of : ‘two’ of them) ?

Thanks G.  For market share, we must take the value proportionally , by comparing each currency with the Sum of that 8 currencies ?  Or, how to apply it ?

Thanks G.  For market share, we must take the value proportionally , by comparing each currency with the Sum of that 8 currencies ?

Hm, this is very interesting G. So, we just need calculate 7 major pairs (8 currency) ?
Any clue on:  Momentum, Volume ? Is it using the standard MT4 indicators of : Momentum & Volume indicator ?
How about: market share ?

Thanks

Hm, this is very interesting G. So, we just need calculate 7 major pairs (8 currency) ?

Thanks