_rdb_The Best Free EA - page 215

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This EA is very profitable on demo MBT and ACT accounts, probably because they are ECNs with low spread. I will test it live when one or the other of these brokers allows live trading. The EA seems much less profitable with other brokers.

Still there is a problem when EURGBP trends during the Asian hours. Wonderkey suggested using correllation to determine when EURGBP is sideways and when it is trending. Problem with correllation is it's meaningless, unless measured over a long time. So it lags by half of the long time. An alternative is to measure the difference between GBPUSD and EURUSD, adjusting for the relative price:

DIFF=EURGBP*GBPUSD-EURUSD

EURGBP should be filtered with non-lag filter before used as a multiplier. And the DIFF must be smoothed with a digital filter that does not lag. EURGBP usually trends when this diff is large, and moves sideways when it is small, and this diff is very useful when hedging GBPUSD and EURUSD.

This might improve the return of this excellent EA, and I would like to make the modification and test using demo accounts; however apparantly the source is not public, so I cannot. If anyone has the source and would care to try the mod, I will help. Or if anyone will share the source, I will make the mod, test it, and share the result.

I am new to this forum, so if I am suggesting something that is objectionable, please excuse me, and inform me of my transgressions.

 
fscrp:
Results so far are on demo .... I know, I know, demo live however it does help develop strategy! I ran this EA live for an hour on FXDD a few weeks ago, but that was to see if they "tamper" outside the asian market - they did not. Had several good trades, but that was not the purpose of that little test.

Pairs I am running:

EURUSD

EURGBP

EURCHF

USDCAD

Added 1 day ago:

AUDUSD

GBPUSD

No trades today - I stay out on Fridays.

I am still tweaking the settings to fit my style so I do not have any long-term results to share; I also had several trades go bad before I really started looking at everything, so I entered a few high-risk manual trades to bring the balance back up which I lucked out on. After another week or 2 I should have the settings finalized then I will freeze any further adjustments and see what happens in 30 days on demo then take it live if I am satisfied with the results.

I just want to highlight again that I consider my settings to be extremely conservative and it will not make you rich. I am a forex baby and this EA is just a part of my education.

are you use this peers in live accounts??????????????????

 

Hi FSCRP,

<>

Do you use Damiani Filter of the EA as True for NOT trading during "Damiani" periods ?

Thanks

 

about lucky v2

am using alpari

so its use 5 digits

what i must do in

Auto_LotsDecimal = TRUE;

LotsDecimal = 2;

to work great with 5 digits

for example i have eurGBP price look 0.88482

please help me

 

Indicator For TRENDING

Fralo:
This EA is very profitable on demo MBT and ACT accounts, probably because they are ECNs with low spread. I will test it live when one or the other of these brokers allows live trading. The EA seems much less profitable with other brokers.

Still there is a problem when EURGBP trends during the Asian hours. Wonderkey suggested using correllation to determine when EURGBP is sideways and when it is trending. Problem with correllation is it's meaningless, unless measured over a long time. So it lags by half of the long time. An alternative is to measure the difference between GBPUSD and EURUSD, adjusting for the relative price:

DIFF=EURGBP*GBPUSD-EURUSD

EURGBP should be filtered with non-lag filter before used as a multiplier. And the DIFF must be smoothed with a digital filter that does not lag. EURGBP usually trends when this diff is large, and moves sideways when it is small, and this diff is very useful when hedging GBPUSD and EURUSD.

This might improve the return of this excellent EA, and I would like to make the modification and test using demo accounts; however apparantly the source is not public, so I cannot. If anyone has the source and would care to try the mod, I will help. Or if anyone will share the source, I will make the mod, test it, and share the result.

I am new to this forum, so if I am suggesting something that is objectionable, please excuse me, and inform me of my transgressions.

Hello Fralo and wellcome,

I wonder if your thesses is correct.

Mathematically, DIFF is zero. Neverthenless, EURGBP might has a possitive trending and GBPUSD might has a negative ternd but DIFF will be still small.

I think that it is not a well indicatore...

Regards,

 

It seems that DIFF should be zero, but in fact it is not. It is only zero on the average. It is exactly this difference that arbitragers and hedgers employ. One can use this DIFF to make a pretty good hedging strategy, but that is not for this thread. I am still learning MQ4, so I have some trouble writing indicators; however, I will attach a screen shot of DIFF from AMIBroker when I figure out how to download an image. It will take a few days since I am gone on a trip, and do not carry a laptop.

 
wonderkey:
...Exactly this was my intention when I suggested to add a correlation check (on post 1976). The idea is: EURUSD and GPBUSD shall walk hand in hand, if they don`t, then EURGBP _must_ move. We shall add a kind of a switch: is the correlation > 0.85, then opening is allowed, is the correlation lower, we shall stay aside.

Anyone who has got the source code may give it a try. A code suggestion is given in the mentioned post...

ciao

-wonderkey

Did you received my mail?

If not contact me by my website.

About Lucky and eurgbp.

I think we must wait the market to become "normal".

Since the start of the year, Lucky made big DD.

But it's not Lucky, this is eurgbp the problem.

Don't blame the autors of EA now, because scalping on eurgbp become a problem.

Try to find other currencies to scalp for example.

Or another system of trading than scalping.

 

ibfx

just found out today that ibfx eg spread back to 3 most of the time for today's asian section

 

Alpari 5-digit demo

Hi

i am new to this wonderfull thread and am trying to run Your_Lucky_EURGBP_v1e in a Alpari 5-digit demo account, but there seems to be a problem.

The EA is not taking any trades and in the Journal it keeps saying:

Custom indicator MA_AngleZeroSigma EURGBP,1M:loaded successfully

Custom indicator MA_AngleZeroSigma EURGBP,1M:removed

I have added a additional 0 to all the pip values, but still no success.

Any ideas what's wrong?

ep

 

order signal affected by spread?

Hi, i am wondering if I change the max spread to 20 so the system will still give a CORRECT trading signal even the broker has increase the spread >5. if the signal is correct, there are ways to pass the signal to a non-mt4 broker with spread <3.

and any one let me know if the signal will be CORRECT or not? thanks!

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