Several answers!
Hi,
To answer a few questions posted here:
The correlator can be attached to any currency pair and only needs to be on one chart. I stick it on a currency pair that I would not normally trade. The pair to trade is selected in the input fields. In that way another EA can be set up on one of the primary currency pairs if wanted.
I forgot to change the date in the pdf. This version works until early August.
I don't know about that error message. It is not generated by the EA, and the EA places market orders, with slippage allowed. I've never seen that message on my computer. Perhaps you could try the GBPJPY/CHFJPY to see if it also gives an error message?
I haven't done any forward testing or back testing as I find that to be irrelevant in this kind of system. We don't use indicators to make trades. With the correlator, the primary goal is to stay in the trade to collect/reinvest interest with a secondary goal of grabbing profit on any positive swing action.
With the checkgrid, the goal is to stay in the grid and grind out the profits. To do this effectively we need a very wide grid, and some sort of hedging strategy to protect against price movement to the edge of the grid. That can be stops, the hedge trading feature, options, or possibly trading in only one direction with the market trend. I'm undecided if the hedge trader or the stops is the best choice. One exposes the trader to potential negative interest buildup and the possibility of stop losses being hit on the hedge trader, and the other to a stream of small losses.
I find the options to be too expensive for my budget and one-directional grids violate one of my goals - to write something that is useful to those who cannot read a trading chart.
Take care,
Bill
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