If you, MTH and me are swimming in the ocean with no land in sight – you can tell if you are getting closer or away from MTH and me, but you don’t know if we are getting nearer or away from the shore or our target.

That is relative or correlated distance between us, and it’s hard to measure because we are all in motion relative to one…[Read more]

If you, MTH and me are swimming in the ocean with no land in sight – you can tell if you are getting closer or away from MTH and me, but you don’t know if we are getting nearer or away from the shore or our target.

That is relative or correlated distance between us, and it’s hard to measure because we are all in motion relative to one…[Read more]

Hi Brother, sorry I forget to answer..

Normalizing mean make it in same ratio..,  for example you can’t compare EURUSD and USDJPY,  because they has different digits, so we must divide USDJPY with 100.  to add digits.  So, we could compare EURUSD  1.12000 with USDJPY/100 =119.560/100 = 1.19560.  and if we want to measure the distance we must…[Read more]

That exactly the point.   CHF pegged to EUR previously, and most of market players think that is great until that ‘black Thursday came’. CHF hold the ‘real value’ until they can’t stand it anymore, and choose to release the tension in ‘shock’ mode,  while CNY is in reverse direction they also hold the ‘real value’ by consistently intervene to ke…[Read more]

Yes, Brother,  momentum is just like if you press your car gas pedal..   previous candle move 10 pips, then current candle move 20 pips.. that mean acceleration..

I take daily open price (GMT 0) from my anchor pair and normalize it then compare it to any pairs that will be measured  (current candle close – daily open price). compare the…[Read more]

Yes, Brother,  momentum is just like if you press your car gas pedal..   previous candle move 10 pips, then current candle move 20 pips.. that mean acceleration..

I take daily open price (GMT 0) from my anchor pair and normalize it then compare it to any pairs that will be measured  (current candle close – daily open price). compare the…[Read more]

Well, in my noob experiences,  I use ‘anchor’ from currency that look like doesn’t give any impact to the market in the surface but actually control the world trade in reality.

Why I need ‘anchor’, is because i could measure the acceleration and deceleration of the speed of momentum.. and that is in my opinion what the market ‘strength’ is..  a…[Read more]

Very impressive results my friend. And sorry for the delay in my replies everybody!

I read through the currency strength related discussion and it’s good! We need to talk more and more about this. Let’s talk a bit about what currency strength is first, shall we?
In my opinion, currency strength is NOT a currency index. It’s very easy to get the…[Read more]

And this kindergarten strength calculation with CNY anchoring, make me loss 7 trades over 696 winning trades in February 2015… lol,  so forgive me for being so noob..

best regards

MTH

Ah Yes Brothers, maybe I just too dumb and noob for this high level discussion..  please forgive me for that.. . I do create my own strength indicator that maybe too weird, but anyhow I could make profit with it, so I don’t mind if I wrong as long as i can make money with it…lol.

Wish You All The Best..

MTH

I have updated the first post with a new version. CZResetMartingale option resets the martingale sequence when a new CZ is formed, MaxMartingaleSequence option defines the maximum number of consecutive martingaled trades.

EUR USD M15 Backtest 4 Jan 2015 – 27 Feb 2015

Best Regards

MTH

China might be the biggest economy (or on its way there) but not in the Forex market.

USD is the “reserve” currency for central banks and all commodities relate to it, such as Gold, Oil, Metals, Grains etc. They are all bought and sold in USD.

That’s why CNY takes so little part in Forex.

There is some “movement” in this situation. China,…[Read more]

Yes Brother,  Reference Day is one day area where you get your ‘bias’ reference for the next trend, of course you could also trade at that area but with more ‘precaution’ since mostly this is the moment when we don’t know where the price will go next..

MTH

Hi Brother, it work on your oanda strategy tester but with wrong behavior..,  as long as EA could open/close  positions in back test / strategy tester then it mean the main function of EA  to open/close position work.  So, the next problem is how we could find correct setting to fit that broker MT4 environment  because sometime the exactly same…[Read more]

Yes Brother, hopefully I have time to create that video..

Hi, Brother,  Are You use Oanda MT4 Demo account ?,  as far as I know,  this US based broker don’t allow hedge positions and also use FIFO rule. This EA only support non ECN outside USA base brokers, due to the interlocking positions concept..

BTW, maybe you could still try to set yo…[Read more]

Hi Brother, Thank You for your post and Idea..

Yes It could be done,

In General any MTF Indicator could also use with Renko Chart to create MBS Indicator… lol (Multi Brick Size)..  as long as the reference renko chart is there to read by the indicator.

So, if your main renko chart is 8 point brick size with TF name M11,   to put MBS In…[Read more]

Hi Brother from your Journal, I don’t see any error related to EA,  the errors list only tell that your H4 data feed mismatch and need to refresh, if you want 90% test Quality.

You should use demo account, and also make sure to allow DLL, etc in your Tools / Trade Tab setting.. and tick visual back test to see chart  (I am sure you already k…[Read more]

MTH