Originally Posted by Dior

Backtesting 10.2004-07.2007.

Originally Posted by jsharma

Can anyone please explain what does the Reverse version do? I undersand the regular version; buy the strongest currency Vs the weakest currency. What does the reverse one do?

Also should we be running both the regular and the reverse version on the same account or how do we combine the two for better results? Or maybe the two are meant to be run separately.

Thanks in advance!

Originally Posted by FerruFx

Hi all,

I start this thread (with Rlinac agreement) about his great tool: the !xMeter.

!xMeter calculate the strength between different currencies. When I study the values on the picture below, it appears obvious that more the variation is large more it would be interesting to open a position.



So I decided to make an EA based on this invaluable indicator and which I come to present here.

This first version is only for EURUSD. If you like it, i would make the following versions: GBPUSD, AUDUSD, USDJPY, USDCHF, USDCAD, EURJPY, EURGBP, EURCHF, EURAUD, GBPJPY, GBPCHF.

The EA details:

1. BUY or SELL when the High and Low levels are reach (eg. if EUR reach High && USD reach Low then BUY)

2. MagicNumber which allows to trade various pairs and several EA simultaneously. You can also delete EA and attach it back, it'll manage its own positions.

The settings:

1. Standard settings: TP, SL, Trailing, Lot size, Slippage

2. The Levels to open: HighLevel and LowLevel

3. MaxSpread for traders who don't want trade the news!!!

4. ManagedLotSize, Risk and MaxLot for increase (or decrease!) your lot size automaticaly with your balance size. If we have others versions (others pairs), i will put also PairsTraded for divide the risk between all pairs.

I tried it on live account yesterdayday. It works perfectly and the results are promissing (3 wins and 1 loss).

I notice some bugs (not in trading). If someone can test if the problem is only me:

1. When the EA is attached to the chart, it isn't possible to click on smiley face to change parameters. The same problem than the original !xMeter. I think it's because of the infinite loop for the Meter.

2. The Meter's values between demo and real are different. My broker have different server for demo and live. Maybe also different feed.

3. Backtests aren't possible. Why? I don't know. Maybe because the Meter doesn't refresh for backtest.

Notice that all these bugs doesn't make any problem for trading.

I am opened with all suggestions concerning of new features but let us try to keep the 1st spirit of this EA: the !xMeter.

Thanks for your feedback.

FerruFx

Update 2007.05.27: EAs MultiPairs and MultiPairs reverse