Individual trade settings always override basket settings. The take profit of a trade will be executed and the banked profit will be automatically deducted from basket profit.

This is a noob question so my apologies – this EA can only reliably be tested in a live market environment given the reliance on the currency strength indicator? (ie backtesting won’t produce reliable results?)

Metatrader does not allow backtesting of multi pair expert advisors. You should forward test it and experiment with various settings.

The bar (i=0) isn’t closed yet and it’s still moving. Always start with recent closed bar.

Compare recent closed bar to (i+xx) previous bar, the xx parameter is intended to “smooth” the indie movement.

My xx parameter is adaptive and not constant.

The end result should be multiplied by a factor of “market share” of that currency. Other…[Read more]

To sum things:

28 currency pairs can be accurately reduced to just 7 Major currency pairs.

The common denominator of those 7 Majors is the USD.

Find the USD correct value and direction – and you have almost the whole Forex market view.

That’s why Currency-Strength IS the MOST important indicator, and it’s predictive one.

G.

To sum things:

28 currency pairs can be accurately reduced to just 7 Major currency pairs.

The common denominator of those 7 Majors is the USD.

Find the USD correct value and direction – and you have almost the whole Forex market view.

That’s why Currency-Strength IS the MOST important indicator.

G.

To sum things:

28 currency pairs can be accurately reduced to just 7 Major currency pairs.

The common denominator of those 7 Majors is the USD.

Find the USD correct value and direction – and you have almost the whole Forex market view.

G.

Right!

The only issue is to get correct and reliable USD value – which is the most important one.

All the rest is peanuts…

G.

Yes.

ALL Crosses are based on those 7 Major currency pairs.

I have such an indicator (not for share), but it’s quite easy to build one.

G.

Look at the picture below.

I have updated the files of the first post. QuickTakeProfitType has a CZMultiplier option.

You need to find the diff movement of each currency pair. (d) is the diff between current and previous price, or other factor.

You shouls decide what are the optimized definitions of “current” and “previous” price.

USD = (EURUSDd + GBPUSDd + AUDUSDd + NZDUSDd + USDCHFd + USDJPYd + USDCADd) /7

The above result can be multilied by the currency…[Read more]

Take a look at the example of EURJPY (cross):

it is built with EURUSD and USDJPY.

If you buy EURUSD and buy USDJPY – you basically SELL the USD in EURUSD and BUY the USD in USDJPY. Since you sell and buy the USD at the same time, it is eliminated – and you are left with EURJPY (EUR bought and JPY sold).

The same goes to EURGBP which is built…[Read more]

OMG = Oh, My Gadi…  ;-}

G.

The “ForexGT Spaghetti” is an improvement on the “Gadi Currencies” (currently not shared). You can use it – it’s good enough and you got many screenshots on how to use.

EURUSD * USDJPY = EURJPY, so why do you need it? …and the same goes to ALL other crosses.

Minor deviation in EURJPY price from the above formula (due to delays or…[Read more]

The “ForexGT Spaghetti” is an improvement on the “Gadi Currencies” (currently not shared). You can use it – it’s good enough and you got many screenshots on how to use.

EURUSD * USDJPY = EURJPY, so why do you need it? …and the same goes to ALL other crosses.

Minor deviation in EURJPY price from the above formula (due to delays or…[Read more]

The “ForexGT Spaghetti” is an improvement on the “Gadi Currencies” (currently not shared). You can use it – it’s good enough and you got many screenshots on how to use.

EURUSD * USDJPY = EURJPY, so why do you need it? …and the same goes to ALL other crosses.

Minor deviation in EURJPY price from the above formula (due to delays or…[Read more]