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.

its very good too in EURCHF
time fram 15 mints

Thanks for reminding me, I forgot to mention I am using 15 minute time frames instead of 5

are you use this peers in live accounts

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.

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

Hi FSCRP,

<<Disable live trade when Damiani indicator says DO NOT trade>>

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

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.