Hey guys, I am trying to formulate one of my trading rules into a condition that can be easily coded by an EA programmer.
The rule is this: Do not have more than 1 active trade with a common currency. E.g. I should never be in EURUSD and EURAUD at the same time because they have the common currency EUR.
However, the problem is, entry signals for both pairs can fire up AT THE SAME TIME, prompting the EA to enter both, thus exposing me to EUR 2 times.
My question is: is there any way to prevent this from happening? One obvious answer is to not attach the EA to pairs with common currencies. But I would like to avoid this if possible. The solution I am thinking of is more along the lines of the EA detecting the signals are on both (or more) correlated pairs and will split risk evenly between each pair. I don't know if this is possible because the EA is attached to each chart separately, and it enters with market orders at the close of the candle.
Also, I am seeking the services of a highly intelligent, professional programmer. PM me please.
The rule is this: Do not have more than 1 active trade with a common currency. E.g. I should never be in EURUSD and EURAUD at the same time because they have the common currency EUR.
However, the problem is, entry signals for both pairs can fire up AT THE SAME TIME, prompting the EA to enter both, thus exposing me to EUR 2 times.
My question is: is there any way to prevent this from happening? One obvious answer is to not attach the EA to pairs with common currencies. But I would like to avoid this if possible. The solution I am thinking of is more along the lines of the EA detecting the signals are on both (or more) correlated pairs and will split risk evenly between each pair. I don't know if this is possible because the EA is attached to each chart separately, and it enters with market orders at the close of the candle.
Also, I am seeking the services of a highly intelligent, professional programmer. PM me please.