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USDLFX Offline Chart Creator EA

  • #161
  • Apr 22, 2019 8:45am Apr 22, 2019 8:45am
Quoting mtharwat
Look at those two charts of USDLFX and a synthetic charts adding all USD pairs. Any way, check the 21of dec and look at previous PA. In my view, the USDLFX may have shown some bearishness before the 21 Dec but was not convincing for me. The trend line break was not enough and there was a clear range. The second chart however is showing a much clearer picture. PA is more spread out. am looking for visuality or in other words I want to be a chartist. I want the picture to be clear so I can make my decision. {image} {image} On the other hand, I have...

Dear Mtharwat, I wrote the CAD index like this ：CADJPY/100+CADCHF-USDCAD-EURCAD-GBPCAD-AUDCAD+5
  • #162
  • Edited 6:46am Jul 19, 2019 2:08am | Edited 6:46am
Quoting yisa
{quote} Dear Mtharwat, I wrote the CAD index like this ：CADJPY/100+CADCHF-USDCAD-EURCAD-GBPCAD-AUDCAD+5
Dear Yisa

Thank you for your reply and very sorry for my late reply.

It seems logical to divide yen by 100. Why are you adding 5?

I want to start a thread dedicated to trading Lite Forex Indices and another thread for the most reactive-to-market equation for currency indices.

Some traders multiply and get the n root. Others add currencies divided by their exchange rate to get a value of 1 for each pair. Another group add everything and divide by the number of all pairs. And others do this and do that.

I have made many equations on tradingview and still experimenting each on its own.

For the time being, I am using the Lite Forex Index and thinking of opening a thread dedicated to currency analysis. A trader can either buy/sell all currency pairs or be selective. The potentials are massive. But it has to do with the traders' own technical analysis and his money management.

So the first thread is to analyze pure TA on currency indices.
and Second thread for the best equation that reacts quickly to market changes.

When I open the second thread for all possible equations for currency indices, will you be interested in participating?

Thanks
  • #163
  • Edited Jul 20, 2019 4:19am Jul 19, 2019 9:02am | Edited Jul 20, 2019 4:19am
Quoting mtharwat
{quote} ...and another thread for the most reactive-to-market equation for currency indices. Some traders multiply and get the n root. Others add currencies divided by their exchange rate to get a value of 1 for each pair. Another group add everything and divide by the number of all pairs...
https://github.com/rosasurfer/mt4-to.../lib/synthetic

Essentially it's enough to apply standard TA, like moving averages. Synthetic indices have the advantage to trend much better than regular Forex pairs. This works because it's more difficult for the average trader to "see them". Lack of visibility is enough to provide an edge, edge being here "trending".
It takes blood, sweat and enough tears to wash away the blood.
  • #164
  • Jul 24, 2019 2:38am Jul 24, 2019 2:38am
Hi Mathtrader7 and guys,

First, thank you Mathtrader7 for your great work and effort to help us find the edge in the Forex market.
I am using Mathtrader7 EA version 1.48 (no bugs so far) and overall liteforex indexes with great success in my trading.
I'd like to ask you if would be possible to create similar EA for metals trading - XAG/USD, XAU/USD, XPT/USD and XPD/USD.

Thank you in advance.

Rgs
  • #165
  • Aug 1, 2019 8:06pm Aug 1, 2019 8:06pm
Hello

I had an idea for some time that I want to implement to get the best formula for "Charting" a synthetic chart "Based on the Percentage change of raw prices".

For each currency, we have seven pairs. So if I add the percentage change in all seven pairs for open/Close/High/Low, wouldn't I be able to have a "synthetic chart" for the currency?

So the steps will be as follows:

1- calculate percentage change in O/H/L/C in every pair for each currency.
2-Add those percentages (should it be adding?) for O/H/L/C
3-Create a candlestick chart/Bar chart/Line chart for each currency.

If this concept is right, I may then hire a coder.

The concept can be applied to raw price changes or indis later on.
  • #166
  • Aug 2, 2019 2:17am Aug 2, 2019 2:17am
Quoting mtharwat
...If this concept is right, I may then hire a coder...
No, that concept is not right. The right formulas are outlined in this thread multiple times. Why are you bothering with re-inventing your own formulas when the solution is in front of your eyes. What hinders you to apply them? Why are you trying to come up with something else?
It takes blood, sweat and enough tears to wash away the blood.
  • #167
  • Aug 2, 2019 8:06am Aug 2, 2019 8:06am
Quoting emmzett
{quote} No, that concept is not right. The right formulas are outlined in this thread multiple times. Why are you bothering with re-inventing your own formulas when the solution is in front of your eyes. What hinders you to apply them? Why are you trying to come up with something else?
Emmzett

I am here talking about percentage change for an "equally weighed Strength/index/synthetic/most reactive chart". It is something that has been done at a close price. My idea is to apply same on High, Low, Open. I want others to interact with me. I want to get a candlestick chart.

I have read your posts and the links you provided. I am asking about something different. Your points are noted. Let's stop here and see if there others who want to explore the idea with me.

Thanks.
  • #168
  • Aug 2, 2019 8:13am Aug 2, 2019 8:13am
BTW traders, remember an important thing when synthetically charting and regardless of your formula.

When you see a pair that is highly trending, like the Yen currently, for example, remove it from the formula. You will see how the currency is performing against other less trending currencies. That is if you wish to create an equally weighted chart as one of many charting techniques for the currency you are observing.
  • #169
  • Aug 11, 2019 7:57am Aug 11, 2019 7:57am
Quoting mtharwat
{quote} Dear Yisa Thank you for your reply and very sorry for my late reply. It seems logical to divide yen by 100. Why are you adding 5? I want to start a thread dedicated to trading Lite Forex Indices and another thread for the most reactive-to-market equation for currency indices. Some traders multiply and get the n root. Others add currencies divided by their exchange rate to get a value of 1 for each pair. Another group add everything and divide by the number of all pairs. And others do this and do that. I have made many equations on tradingview...
Dear Mtharwat,
Sorry for late. Actually, I add 5 or more or less only want to make the results always above zero.
I used Lite forex index to get the entry signal before I found this thread. Now I just use two kind of simple ways to get synthetically charts.
For example:
USDX1: USDJPY/100+USDCAD+USDCHF+1/EURUSD+1/GBPUSD+1/AUDUSD
USDX2: USDJPY/100+USDCAD+USDCHF-EURUSD-GBPUSD-AUDUSD+2

They nearly share the same trend, only little difference at some point. I need both to find exactly entry timing.
I appreciated for your thread to make me find more simplified version instead of Lite forex version. And sure, if you start new thread, please make me known. Thank you.
  • #170
  • May 10, 2020 6:17pm May 10, 2020 6:17pm
Hi Mathtrader7,

is there any possibility to get the current price from generated LFX chart?
  • #171
  • Jul 7, 2020 12:18am Jul 7, 2020 12:18am
Quoting MathTrader7
There was a bug in Version 1.0 that made the current candle/bar be drawn incorrectly. I fixed this bug in Version 1.1 and updated Post 1.

Hello MathTrader7?

Can you tell me you or somebody why I can get so short historical data even if I load the script "ForceLoadHistoricalData" and change maximum look back to 20000 and also 200000?

Thanks in advance

Attached Image (click to enlarge)
Click to Enlarge Name: historic.png Size: 166 KB


Attached Image (click to enlarge)
Click to Enlarge Name: historic2.png Size: 50 KB


Also change here

Attached Image (click to enlarge)
Click to Enlarge Name: historic3.png Size: 9 KB
  • #172
  • Jul 7, 2020 5:14am Jul 7, 2020 5:14am
Quoting howa61
{quote} Hello MathTrader7? Can you tell me you or somebody why I can get so short historical data even if I load the script "ForceLoadHistoricalData" and change maximum look back to 20000 and also 200000? Thanks in advance {image} {image} Also change here {image}
Hi howa61,

You need to download history data using Metatrader4 download section. Brokers provide very limited amount of historical data even if you run the "force script".

/Matt
Trading is the hardest way to make easy money...
  • #173
  • Jul 7, 2020 7:27am Jul 7, 2020 7:27am
Quoting MathTrader7
{quote} Hi howa61, You need to download history data using Metatrader4 download section. Brokers provide very limited amount of historical data even if you run the "force script". /Matt
Thanks /Matt
  • #175
  • Apr 3, 2021 11:13am Apr 3, 2021 11:13am
Quoting yisa
{quote} Dear Mtharwat, Sorry for late. Actually, I add 5 or more or less only want to make the results always above zero. I used Lite forex index to get the entry signal before I found this thread. Now I just use two kind of simple ways to get synthetically charts. For example: USDX1: USDJPY/100+USDCAD+USDCHF+1/EURUSD+1/GBPUSD+1/AUDUSD USDX2: USDJPY/100+USDCAD+USDCHF-EURUSD-GBPUSD-AUDUSD+2 They nearly share the same trend, only little difference at some point. I need both to find exactly entry timing. I appreciated for your thread to make me find...
Hi yisa
Why do you substract 2 at the end in the second formula? Also why do you substract EURUSD-GBPUSD-AUDUSD in the second formula?
Thanks
  • #176
  • Jan 4, 2022 3:20pm Jan 4, 2022 3:20pm
I attached the EA but nothing happens?
Attached Image (click to enlarge)
Click to Enlarge Name: 2022-01-04 22_19_39-Window.png Size: 57 KB
Anything above the line is an uptrend, below the line is a downtrend.
  • #177
  • Jul 16, 2023 1:55am Jul 16, 2023 1:55am
Anyone who wanted to keep the high/low(wicks) after restarting the index offline chart, you can try this indicator I coded, by default it will keep track of 600 bars of history using trendline objects and templates, just drag it to your index offline charts. If you would to close the offline index charts, next time when you open it, just load the template for the corresponding index.
Attached File(s)
File Type: mq4 Index HighLow Memo.mq4   4 KB | 231 downloads
  • #178
  • Apr 22, 2024 5:06am Apr 22, 2024 5:06am
Hello Mathtrader7,

I really want to thank you from the bottom of my heart for this EA.
I've been looking for this for years and a few days ago I came across this piece of gold!!

I would like to ask you very kindly whether there is any possibility of getting an mql4 file from this EA.

God bless you
You mean GAMBLE???.... Thats all the market is, ONE GIANT CASINO!!!
  • #179
  • Apr 24, 2024 8:03am Apr 24, 2024 8:03am
Quoting str8v4lu3
Hello Mathtrader7, I really want to thank you from the bottom of my heart for this EA. I've been looking for this for years and a few days ago I came across this piece of gold!! I would like to ask you very kindly whether there is any possibility of getting an mql4 file from this EA. God bless you
Hello,

Glad to hear that you liked the EA! :-)

The EA is closed source, so I cannot share the source code.

/Matt
Trading is the hardest way to make easy money...
  • #180
  • Aug 6, 2024 6:07pm Aug 6, 2024 6:07pm
Quoting MathTrader7
{quote} Olá, fico feliz em saber que você gostou do EA! :-) O EA é de código fechado, então não posso compartilhar o código-fonte. /Matt
hello! sorry for bothering you! I answered a topic yesterday! but what about 2017! Maybe you don't even have a visa! I don't know how to communicate with you! Forgive me if this isn't the right way! but could you help me with an ea? It's out of date and I can't recompile it! follows attached
Attached File(s)
File Type: ex4 GPTBOT.ex4   133 KB | 204 downloads
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