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Originally Posted by FerruFx
Hi all,
I start this thread (with Rlinac agreement) about his great tool: the !xMeter.
FerruFx
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FerruFx,
Good idea,and since you asked for suggestions,I would like to suggest the following..
As you propose,the EA opens a long/short when one currency is at max level and the other is at min level,for example long EURUSD if EUR is at max,Usd is at min level..and that is ok..
My suggestion would be to add the option of correlated pairs..
ie:EUR is at min USD is at max level,then,before entering the short EURUSD position,the Ea checks that correlated pairs to EUR..namely CHF,GBP are near minimum levels/below midlevel..some if you are planning a long in GBPJPY..GBP max,Jpy min..and EUR,CHF should be near max levels/above midlevel
Regards