xMeter indicator Is a EA format indicator . And it is not possible to make Xmeter be a indicator.

You can find it now in post #1.

But the EA don't need it for work.

FerruFx

Exact. I put the calculation of the !xMeter inside my EA.

Thanks FerruFx!

thanks FerruFx for sharing this EA with us
unfortunately I can't leave my pc working all the day to test the Expert

but I really like the idea and hope if any one test it and back to us with result

regards , MTK

This version seems to be baktestable, but doesn't open any order....
It needs to have an history in D1 for all 12 pairs.

Attached Files

!xMeter_EURvsUSD bt.mq4 (21.9 KB, 915 views)

you can rent space at eurovps.com for running your ea at their server

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

__________________
Equo ne credite,Teucri.

That's mean we enter short EURUSD only if the corelated pairs CHF GBP are below a predefined level. Right?

We could use it like an optional filter.

It's possible but we will have to look at the correlations which change sometimes.

Thanks Simba to be here and share your experience.

FerruFx

I like the new one better than the large multi one.

Would it be possible just to have a duel one on each chart and use the ea for alerts and not to trade ?

Thanks for all the indicators you are doing, it's all good stuff


Mart

__________________
----o00o--°(_)°--o00o----