Hey mastercool66
thanks for creating this ea and thread, its great to get away from the price action dogma and see a unique trading method!
i understand making the triangles of currency pairs as it makes two pairs work together to achieve a take profit as well allows the market to move in any direction and still profit. in my opinion its a very intelligent and creative way to trade forex, so thank you for opening my eyes to it!
if you have time, i have a few questions about the strategy and ea.
1)why is it better to have the cycling of groups rather than have two systems always trading in both directions?
with eurnzd
eurgbp, gbpnzd as the example, we could have a perfect hedge of:
buy eurnzd
sell eurgbp, gbpnzd and
buy eurgbp, gbpnzd
sell eurnzd
i can't wrap my mind around which way would ultimately be safer and more profitable over the long haul, and any insight would be appreciated.
2)would you explain how you come to your tp dollar amount and common cost per point amount? i like trading with these inputs as opposed to the standard lot size and tp in pips, however i'm not clear how i would scale these numbers with a larger account. ive been using a 1000 pip buffer as my standard, which would come out to 0.1 lots per $1000 in the acct balance to spread across the entire profile. does that seem reasonable to you, and how do you figure the tp amount?
as far as other triangles, i've become most interested in ones that have a high correlation, either positive or negative, between the main buy and sell, and the third pair becomes something of the final push for profit. maybe this will help someone:
audusd
nzdusd audnzd
gbpnzd
gbpaud audnzd
eurnzd
euraud audnzd
eurchf
eurnzd nzdchf
eurjpy
euraud audjpy
usdjpy
usdcad cadjpy
cadjpy
cadchf chfjpy
thanks for creating this ea and thread, its great to get away from the price action dogma and see a unique trading method!
i understand making the triangles of currency pairs as it makes two pairs work together to achieve a take profit as well allows the market to move in any direction and still profit. in my opinion its a very intelligent and creative way to trade forex, so thank you for opening my eyes to it!
if you have time, i have a few questions about the strategy and ea.
1)why is it better to have the cycling of groups rather than have two systems always trading in both directions?
with eurnzd
eurgbp, gbpnzd as the example, we could have a perfect hedge of:
buy eurnzd
sell eurgbp, gbpnzd and
buy eurgbp, gbpnzd
sell eurnzd
i can't wrap my mind around which way would ultimately be safer and more profitable over the long haul, and any insight would be appreciated.
2)would you explain how you come to your tp dollar amount and common cost per point amount? i like trading with these inputs as opposed to the standard lot size and tp in pips, however i'm not clear how i would scale these numbers with a larger account. ive been using a 1000 pip buffer as my standard, which would come out to 0.1 lots per $1000 in the acct balance to spread across the entire profile. does that seem reasonable to you, and how do you figure the tp amount?
as far as other triangles, i've become most interested in ones that have a high correlation, either positive or negative, between the main buy and sell, and the third pair becomes something of the final push for profit. maybe this will help someone:
audusd
nzdusd audnzd
gbpnzd
gbpaud audnzd
eurnzd
euraud audnzd
eurchf
eurnzd nzdchf
eurjpy
euraud audjpy
usdjpy
usdcad cadjpy
cadjpy
cadchf chfjpy
