This week I am going to try a second version of version 5 with the TDI used as an entry trade direction for each individual pair. Looking back at the present long basket trade we are still in I looked at each pair with the H1 TDI to see what the pip count would be so far (the trade is still open) and traded each pair in the direction of its TDI signal.
I was looking at the TDI green line being above the yellow line and increasing for a long, this can be changed.
The Green crossing the red is the normal one used.
What I saw in the present up trend trade was USDCHF and EURGBP would have been traded short, USDJPY would not have traded and the rest would have been traded long, the direction of the basket.
Pips gained so far using TDI = 1686
Pips gained so far not using TDI = 1455
Not a big difference, but a few pips.
This doesn't mean this idea will work, only time will tell in the real world.
Maybe some other way or indicator will work better, I am sure there are some good ideas out there.
As I said above, I will try it this week compared to the same settings without TDI and see what happens, this will take some time on the H1 as we are still in an uptrend so the EA will not be entering any trades until this uptrend ends, then we will probably go sideways for a while.
I was looking at the TDI green line being above the yellow line and increasing for a long, this can be changed.
The Green crossing the red is the normal one used.
What I saw in the present up trend trade was USDCHF and EURGBP would have been traded short, USDJPY would not have traded and the rest would have been traded long, the direction of the basket.
Pips gained so far using TDI = 1686
Pips gained so far not using TDI = 1455
Not a big difference, but a few pips.
This doesn't mean this idea will work, only time will tell in the real world.
Maybe some other way or indicator will work better, I am sure there are some good ideas out there.
As I said above, I will try it this week compared to the same settings without TDI and see what happens, this will take some time on the H1 as we are still in an uptrend so the EA will not be entering any trades until this uptrend ends, then we will probably go sideways for a while.