I am looking for someone to assist me with developing or creating a very simple EA that I can use for my correlation trading. I will try to briefly explain the strategy and what I am looking for. I am not sure how much information I can post or what a potential programmer needs to know because one of the moderators (smjones) has removed my original post after falsely accusing me of violating a forum rule of self promoting and spamming.
My correlation strategy is simply trading more than one pair at a time and viewing all the pairs being traded as one collective unit or trade. Each pair in the correlation trade plays an integral part as the trade utilizes correlations in a manner that allows you to profit no matter what direction the market moves. It is a way to profit from the random nature of forex by capitalizing on the random swings and algorithms between correlating currencies. Periodic attention to the trade is required and that is why I am here is to seek out assistance for an EA. I trade this currency correlation strategy full time for a living and am looking for someone who can assist me with the development of a very simple EA strictly for managing trades once the trades are open. The EA has nothing to do with opening trades as the entry strategy is not mechanical.
As stated earlier, multiple currency pairs are traded simultaneously and all open trades are viewed collectively as one trade. As a result, typical stops, tp’s and trailing stops that are standard in MT4 are of no use. Therefore I need an EA that will allow stops, tp’s and trailing stops to be based on the accumulative total of all open trades, not each individual currency pair.
I assume those interested will respond to this thread as I am forbidden from posting my email address although I see others are able to use theirs. I have never posted in forums until now so hopefully I will get the hang of this as my experience at forex factory has certainly not been pleasant so far. Hopefully that will change with some positive interaction with actual members.
Cheers!!
My correlation strategy is simply trading more than one pair at a time and viewing all the pairs being traded as one collective unit or trade. Each pair in the correlation trade plays an integral part as the trade utilizes correlations in a manner that allows you to profit no matter what direction the market moves. It is a way to profit from the random nature of forex by capitalizing on the random swings and algorithms between correlating currencies. Periodic attention to the trade is required and that is why I am here is to seek out assistance for an EA. I trade this currency correlation strategy full time for a living and am looking for someone who can assist me with the development of a very simple EA strictly for managing trades once the trades are open. The EA has nothing to do with opening trades as the entry strategy is not mechanical.
As stated earlier, multiple currency pairs are traded simultaneously and all open trades are viewed collectively as one trade. As a result, typical stops, tp’s and trailing stops that are standard in MT4 are of no use. Therefore I need an EA that will allow stops, tp’s and trailing stops to be based on the accumulative total of all open trades, not each individual currency pair.
I assume those interested will respond to this thread as I am forbidden from posting my email address although I see others are able to use theirs. I have never posted in forums until now so hopefully I will get the hang of this as my experience at forex factory has certainly not been pleasant so far. Hopefully that will change with some positive interaction with actual members.
Cheers!!
