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First off all, I want to thank Trader101 for his "price action" method
(altrough it is totaly different now)!
Ok...here is how this baby works....
It tracks PA for 6 pairs:AUDUSD;EURJPY;EURUSD;USDCHF;U SDJPY;GBPCHF,
while AU,EJ and EU are the buy side, and UC,UJ and GC are sell side.....
I did a lot of research on pairing this HEDGE, and this seems to be the
best pairing. This is not a standard hedge method, cos I want to buy or sell
all pair at the time!!! The best thing about this method is that if EA or you
makes a bad decision, you will not lose much becouse this pairs are negatively correlated pairs,
and you are heavely hedged!
On the other hand, when you catch a group movement in same direction,
you will make a serious bucks.
Explanation of external variables:
extern string _____MAIN_FUNCTIONS_____;
extern bool TradeAllowed=true;
extern int MagicNumber=1803;
extern double MaxRisk = 0.3;
extern double Lot= 0.1;
extern string _____LIMITING_FUNCTIONS_____;
extern int StartLockPips=50;
extern int ScalpProfitPips=50;
extern int AccountCutoff=-100;
extern string _____PRICE_ACTION_FILTERS_____;
extern int tf=5; \\ tf used for all calculations and one indicator
extern int LookBack1= 6; \\ lookback= tf # lookback....5#6=30min\30TF
extern int LookBack2= 12;\\1hr tf
extern int LookBack3= 24;\\2hr tf
extern int LookBack4= 48;\\4hr tf
extern double Filter1= 500;\\ difference in pips betwen buy and sell side
extern double Filter2= 1000;
extern double Filter3= 2000;
extern double Filter4= 4000;
extern string _____TRIGGERING_FILTERS_____;
extern bool UseFilters= true; \\slope direction line modified/trigger
extern int TrigPeriod= 6;
extern int TrigMethod= 3;
extern int TrigPrice= 0;
extern string _____TRADING_HOURS_LIMIT_____;
extern int StartTradingHour=08;
extern int EndTradingHour=22;
In picture here, you see a 4 lines...(spips and lpips), these are a price action of all the pairs
in hedge....spips for short pairs, lpips for long pairs......if you have a "big" positive difference
in pips for the all TFs, you are ready to trade.....that is the meaning of 4 filters and variables.
You want a difference betwen 2 sides of hedge about some 500,1000,2000 and 4000 pips for TFs.
The other thing to look at is the green and orange points...each line represents one tf.....
what you want is to have all the green dots and orange dots for the all tfs to be in perfect position,
first 3 lines green, and last 3 dots orange(for buy) and reversed for sell.
You can mannualy execute comands by simply draging the all longs\shorts and closeall and close half!!!
edit: new version....external pair selection~add m for each pair for mini acc.
1) Thanks for the EA. Do we manually wait for the 4 lines (spips and lpips) to line up, then we turn on the EA and let it trade or does the EA automatically opens trade based on those 4 lines? I'm still not clear if this EA is 100% automated or semi-automated.
2) Also do we attach the EA on 6 different charts for those 6 currency pairs?
I have T101 on a eurusd chart right now. The indicator is
apparently a slope indicator. Does the info in your picture
display when the EA is active?
What about TF - does it matter?
Thanks for your input.
Rob
TF is 5min...ea will notice you about that if you put other tf!
And yes...that is a slope indi, but its only purpose is for trigering
the trades...when all pairs are going (sloping)up or down, and if the price action
for all tf(4 of them) are positive or negative for the given amount of pips
(ext. variable of ea\filters), ea will execute 6buys or 6 sells!!!
Regarding the question about how to know is the ea active....
well you will see a pips constantly changing, colors jump from place to place,
and you have a big number wich counts time to the bar end!
ps...it would be good if you run 2 eas....one with enabled trigger filter, and the other without it!
Linear Mode
