On Currency-Strength:

Since we are going to use Currency-Strength as part confirmation for Entry/Exit, I’d like to share my view on the subject of Currency Market Share.

I already introduced the USDx, which is the Dollar Index, based on US Trade basket of US trade partners currencies, and the way it’s calculated.

I’m using the same calculation…[Read more]

EURUSD completed the 60% retracement after today news drop.

G.

I think that xux99 implemented a call to FFCAL in his Orcus EA, but not sure.

G.

fuzzy,

Thanks for your helping hands !

G.

smallcat,

Your Health first, pips later…

G.

My side is “quiet” because I’m waiting for trade pre-conditions to be finished (mainly news/announcements integration).

After that completion I’ll post my take on Market Sentiment/Trend direction, and we can continue step by step.

The dynamic TP implementation isn’t a show stopper.

G.

THIS thread is about building an EA, based on sound & logic market behaviour.

Peaks & Troughs are traded according to general market TREND.

Building a successful EA requires:

1. Trade pre-conditions (not yet finished)

2. Money-Management (Risk, Lots, TP, SL, Trailing profit – not yet finished)

3. Trade Logic – defining Entry and Exit. This…[Read more]

THIS thread is about building an EA, based on sound & logic market behaviour.

Peaks & Troughs are traded according to general market TREND.

Building a successful EA requires:

1. Trade pre-conditions (not yet finished)

2. Money-Management (Risk, Lots, TP, SL, Trailing profit – not yet finished)

3. Trade Logic – defining Entry and Exit. This…[Read more]

That’s NOT the way to trade ClearMethod !!

G.

No need to allocate that much to “floating” and/or DrawDown.

Central-Banks monitor their markets and Currency based on monthly indicators, and adjust their policy, if needed, accordingly.

CB’s policy change will change Currency direction.

Based on this you can allocate your max DD or “floating” on Monthly range.

BTW: Trading against the…[Read more]

No need to allocate that much to “floating” and/or DrawDown.

Central-Banks monitor their markets and Currency based on monthly indicators, and adjust their policy, if needed, accordingly.

Based on this you can allocate your max DD or floating on Monthly range.

BTW: Trading against the CB’s is like gambling against the “house” in a…[Read more]

No need to allocate that much to “floating” and/or DrawDown.

Central-Banks monitor their markets and Currency based on monthly indicators, and adjust their policy, if needed, accordinly.

Based on this you can allocate your max DD or floating on Monthly range.

BTW: Trading against the CB’s is like gambling against the “house” in a…[Read more]

Thanks for your contribution.

As already stated several times in this forum, Our baseline for Logic changes/Additions/Contributions are H4 TF’s.

G.

My idea of implementing this is the same way as the TrailingStop is implemented.

Both deal with the same functionality of OrderModify(…).

G.

No point in testing the EA for profitability, major things are still missing from the Logic part, and some minor things are still missing from the pre-trade conditions.

Major issues on the Logic Entry/Exit part will be added AFTER the trade pre-conditions part of that EA is fully implemented.

G.

More advanced math reveals the following:

The Mid of Large bars (>2*ATR) reach their MID within max 24 days.

G.

The main idea is to push the TP forward as we are getting close to it, or reduce the TP if we approch trendiness end signal.

G.

Brother Kiads, you are an inspiration

hannele

Most EA’s are heavilly investing in BreakEven, StopLoss trailing, TrailingStops, etc.

The issue of TakeProfit remains static in most of them, so why not invest in Dynamic TakeProfit according to changing market?

G.

A function setting an adaptive TP in relation to a given entry price, thus monitoring a certain trade. It’s an EA – what’s the point in something else?

G.