Im not so sure this cant work. If you lower the leverage. Keep the tp tight. Eventually the currency pairs will correlate again.
Overlay in MetaTrader 23 replies
Overlay 2 replies
Futures and Forex charting package with overlay 0 replies
Overlay Indicators - I've seen this lots of times but..... 3 replies
Histogram Overlay 1 reply
DislikedIm not so sure this cant work. If you lower the leverage. Keep the tp tight. Eventually the currency pairs will correlate again.Ignored
Disliked{quote} They will correlate again but not enough to recover the gap created previously. If the EURGBP keeps moving down/up then your gap can never close to previous levels to allow that particular trades to show a positive profit. It all depends when you open the trades. If it was that simple then hedge funds would be doing it constantly with 100000K contracts and distort the market. The reason they don't do it is because it is more complicated than just opening the two trades at any point in time and hoping they will close in profit when they cross...Ignored
DislikedHi. I found this EA on another medium. Below is a description given by the author. I am just starting to experiment with this and will post my results. INTRODUCTION This technique was introduced by the fellow’s traders Meet Joe Black, Maidin and several others (sorry if their names are not mentioned here) in the other forum. To acknowledge their contributions I would like to thank and congratulate to all those involved in the development of this trading technique. The technique can be briefly explained as follows: 1. CONCEPTS a) Usually, a few of...Ignored
DislikedHello, after many hours of testing I released the the entre of new trades (layers) has a bug. Because as it measures the gap between the actual bid and last Ask trade it open multiple layers on same price during big spread on important news or rollover. You need to creat spread filter and measure de distance from last ask to actual ask. It’s ok also for take profit trigger. i have coded it. And the results are very different... PS: Also don’t forget to monitor the gap and ema20 to understand the market is changing and the pairs are correlating again....Ignored