DislikedHmmm NZDJPY seems in a smooth downtrend in 15M... wondering why. Could it have higher weight than the other pairs in the indicator?Ignored
Also, some brokers offer terrible spreads on it for some reason.
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DislikedHmmm NZDJPY seems in a smooth downtrend in 15M... wondering why. Could it have higher weight than the other pairs in the indicator?Ignored
DislikedYou probably dont get a chance to see it visually as it will spike up/down very quickly.
Also, some brokers offer terrible spreads on it for some reason.Ignored
DislikedNow I noticed all our pairs trend down, only GBPJPY is out of sync on 15M TF going up....Ignored
DislikedHmm.. and how does this affect our currencies? I mean I can see France affecting EUR. Do you mean the USA holiday affects the JPY? Sorry for the naive question, I am just trying to learn.
ThanksIgnored
DislikedIts ok, its actually a VERY good question.
The XXXJPY pairs are mainly driven by New York, London and Tokyo. With Euro tending to follow London.
If one or more of them are absent from the market then it has a big effect on their direction.
Thats why this system works so well. New York, London and Europe are absent from the market.
We only have to deal with Asia, mainly being driven by Tokyo. So the pairs either go up high or down low. Never, usually sideways/flat.
I am glad someone raised a good question.
Scoobs.
PS. I only mentioned...Ignored
DislikedHas anyone noticed when the indicator suddenly spikes down or up ?
Even though the indicator is using a weighted average for the XXXJPY pairs it is the NZDJPY that causes these severe spikes.Ignored
DislikedWow thanks for this explanation!
But now the question is, this moment Tokyo is closed. Or you were talking generally?Ignored
DislikedGiven that we are not trading NJ as part of the basket, do we need it in the indi?
I have looked at Scott's version of the indi with CAD stripped out, and see how he did it. I have used this to take NZD out of the mix as well. It would be easy to adopt this instead of the current version.
What do you think?
Ignored
DislikedGiven that we are not trading NJ as part of the basket, do we need it in the indi?
I have looked at Scott's version of the indi with CAD stripped out, and see how he did it. I have used this to take NZD out of the mix as well. It would be easy to adopt this instead of the current version.
What do you think?
Ignored
DislikedHehe. Sorry scoobs, that could be yes to either or both questions.
So, shall I strip NZD out of the indi?
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DislikedI agree. After all NZD and AUD are so highly correlated that I think it skews the results a bit having both... especially if we are not trading it I dont see the reason to be there. Not to mention that scoobie has a thing with the NZDJPYIgnored
DislikedThe same could be suggested for GBPJPY and EURJPY.
But i wont get onto that subject here otherwise we will end up with an empty basket.
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DislikedLol quite! CHF too!
OK another suggestion:
I propose to modify this line:
BaseLot = NormalizeDouble(AccountBalance() / 20000, decimals);
To this:
BaseLot = NormalizeDouble(AccountFreeMargin() / 20000, decimals);
The reason being, if we are trading other strategies or manual trades on the same account, we really care how much free margin we have before opening a trade. With the current calculation based on balance, if we currently have trades in heavy DD when the bot opens the orders, we run into the danger of immediate margin call....Ignored
DislikedLol quite! CHF too!
OK another suggestion:
I propose to modify this line:
BaseLot = NormalizeDouble(AccountBalance() / 20000, decimals);
To this:
BaseLot = NormalizeDouble(AccountFreeMargin() / 20000, decimals);
The reason being, if we are trading other strategies or manual trades on the same account, we really care how much free margin we have before opening a trade. With the current calculation based on balance, if we currently have trades in heavy DD when the bot opens the orders, we run into the danger of immediate margin call....Ignored
DislikedLol quite! CHF too!
OK another suggestion:
I propose to modify this line:
BaseLot = NormalizeDouble(AccountBalance() / 20000, decimals);
To this:
BaseLot = NormalizeDouble(AccountFreeMargin() / 20000, decimals);
The reason being, if we are trading other strategies or manual trades on the same account, we really care how much free margin we have before opening a trade. With the current calculation based on balance, if we currently have trades in heavy DD when the bot opens the orders, we run into the danger of immediate margin...Ignored
DislikedMy yesterday's mail about Giant lots( meaning 'intolerable' to my MM) are explained now. I was zapped by the basket totalling to .5 STD lot on my mini a/c.
Scooby I too had to take imodium when EA opened basket in the wrong direction.Ignored