I was running the EA using M1 charts, but noticed that M15 is recommended. Is it the consensus of those trading the 3-pair EA that M15 is the best?
I tried running a EURUSD chart with AUDUSD and EURAUD inverted. But, I get no screen display. To me, it suggests that I don't have enough data. But, I'm fairly certain that I have more than 200 bars. I even lowered Period_ to 50 and still didn't get anything on the screen. Thoughts?
I modified my version to use a straight dollar basket TP. Using pips for TP, when each pair has a different dollar value, wasn't working for me.
I'm going to modify my version (somehow) to avoid putting on multiple levels when those levels are already reached when the EA is first started up. Too many times, I have started the EA and four levels were all put on at the same price. There are several ways to fix this. I just need some time to think about while working on the farm today.
It may be necessary to put some sort of a time delay to avoid a new trade for so many minutes after hitting a TP. It might be possible that, if the TP is hit, the ZScore is not likely to be in the range to take another trade. Any comments on that issue would be appreciated.
It previously didn't check the 3rd pair for enough bars.
I'm not able to get the EA to work if pair2 or pair3 are inverted. Well, it may be working, but it doesn't display the stats on the screen. This suggests to me that it's not working properly and I can't find where it's going wrong.
At the risk of creating more dialogue that I can handle, I have made a few modifications to Ronaldo's 3-pair EA. Here are the changes:
// Version 007
// Change TP to be dollars (or pounds or euros) rather than pips
// Change TP to be double
// Modify MagicNumber to reflect number of bars (Period_) and timeframe (Period()) can now run EA on two timeframes
// Display MagicNumber
// Don't start trading until ZScore is below RestartLevel (default = 2.0)
// After hitting basket TP, don't take new trades until ZScore is below RestartLevel
// Display number of bars (Period_) and timeframe (Period())
// Can still run five levels, but change default to only trade three levels
// Make sure we have sufficient bars for all three pairs (was only doing this for two pairs before)
FWIW, I am running the following, all using M15 data:
Just letting you know that the modifed EA performed nicely over the last 12 hours. I have shut it down for the weekend, since it had no open positions when I got up this morning. I prefer not to have open positions over the weekend and always look for an opportunity to shut down before the markets close. Now that the EA is working well, I will add the ability to automatically stop trading after a specified time on Friday night (Saturday morning here).
I ran the EA on 8 live accounts on two VPS's and they all had the same profitable trades.
I forgot to mention one of the changes that I made. I'm always concerned when the default lot size is larger than 0.01. A person giving the EA a try for the first time could end up with a position much larger than intended. It's easy to change the lot size. But, if you forget, it will only take a small position.
P.S. If you change the lot size, you will probably want to change the TP. You may want to change the TP in any event, as it defaults to just $1.00 (for 0.01 lots).
It's also worth noting that I ran USDJPY/EURJPY/EURUSD over three timeframes (M1, M5 and M15) and had an order from M5 and M15. The EA instances kept track (by Magic Number) of their own orders.
The calculated Magic Number is displayed on the chart, making it easy to determine which trades were taken by each EA instance.
I should point out that Ronaldo did the "real" work with this EA. I'm just making some changes that I hope make it better.
I can't help but get the impression that I'm the only one interested in this thread? Surely some of you are smarter than me and can contribute or comment or dispute some of things that I've said?
Since the 3-pair EA (IMO) is all about detecting when correlated pairs wander away from their correlation, I set about trying to find some sets (of 3) pairs to trade with each instance of the EA.
I used the tables available at https://www.mataf.net/en/tools/01-01-correlation to come up with some possibilities. Since I'm running the EA using 200 bars of M15 data, the closest table I could find at the site was 50 bars of H1 data (same amount of time as 200 bars of M1 data).
I came up with the following to trade when the markets next open:
EURNZD AUDNZD EURAUD (lowest correlation between them is 95.0)
AUDCAD USDCAD AUDUSD (lowest correlation between them is 87.4)
AUDJPY NZDJPY AUDNZD (lowest correlation between them is 97.6)
AUDJPY CADJPY AUDCAD (lowest correlation between them is 95.4)
EURUSD GBPUSD EURGBP (lowest correlation between them is 93.1)
GBPJPY USDJPY GBPUSD (lowest correlation betwwen them is 94.9)
There must be dozens more, but these look, as long as the spreads are reasonable.
Regarding the 2nd one above, Ronaldo suggested inverting USDCAD and I don't think so. I'm waiting for him to challenge my opinion.
I can't help but get the impression that I'm the only one interested in this thread?
Ignored
Hey ChuckNZ, I have been traveling for past few months and so can not be at the home computer for test. So I have only been able to visit the thread to see how things are developing.
It is good to see that you are working on the three pair EA. Please keep it up and sharing what you have discovered.
Hey Pierre, Please continue to share with us how your trading is going. Is it still producing the 700 to 800 a month? I put the EA on and it produced some trades and then stopped taking trades for some reason. I tried many ways to getting it working again. Reinstall, restart computer, etc. But it wasn't taking any trades. I am traveling so not able to run it at present. So Please continue to share.
Hey MultiLion, Please share with us how your EA is doing. As I am traveling I am not able to test your EA, but plan to when I get back home Feb 3. But please keep sharing any discoveries or improvements that
At the risk of creating more dialogue that I can handle, I have made a few modifications to Ronaldo's 3-pair EA. Here are the changes: // Version 007 // Change TP to be dollars (or pounds or euros) rather than pips // Change TP to be double // Modify MagicNumber to reflect number of bars (Period_) and timeframe (Period()) can now run EA on two timeframes // Display MagicNumber // Don't start trading until ZScore is below RestartLevel (default = 2.0) // After hitting basket TP, don't take new trades until ZScore is below RestartLevel // Display number...
Ignored
ChckNZ, thank you very much !
You are doing a great work !
About inverted USDCAD: AUDUSD and USDCAD had negative correlation as well as AUDUSD and AUDCAD had positive correlation.
I can't help but get the impression that I'm the only one interested in this thread? Surely some of you are smarter than me and can contribute or comment or dispute some of things that I've said? Since the 3-pair EA (IMO) is all about detecting when correlated pairs wander away from their correlation, I set about trying to find some sets (of 3) pairs to trade with each instance of the EA. I used the tables available at https://www.mataf.net/en/tools/01-01-correlation to come up with some possibilities. Since I'm running the EA using 200...
Ignored
CAUTION... There are several things wrong with the list of pairs that I suggested. I got to thinking about something Ronaldo said about USDCAD and then I remembered that I didn't see a single negatively correlated pair in the spreadsheet that I downloaded from MATAF. So, today I downloaded the spreadsheet again and the correlations are quite different. So, it's back to the drawing boards to come up with a proper list. I'm sorry if I took you down the wrong path.
The following relates to the ZScore 3-pair EA only.
I carefully reviewed the M15 data available at MATAF and came up with the following sets that I have been running for the last 24 hours. Only one trade (AUDCAD/USDCAD/AUDUSD) and it was profitable. Very little deviation from the normal correlation in the rest of the sets. I'm trading all nine of these sets on 8 live accounts plus one demo account. The demo account is only so that I can see the action on my own PC. The live accounts all run on VPS's. Anyone else trading this EA?
I think it may be unreasonable (as in risky) to go for more than $100 basket TP on 1.0 lots ($1.00 per 0.01 lots).
The following relates to the ZScore 3-pair EA only. I carefully reviewed the M15 data available at MATAF and came up with the following sets that I have been running for the last 24 hours. Only one trade (AUDCAD/USDCAD/AUDUSD) and it was profitable. Very little deviation from the normal correlation in the rest of the sets. I'm trading all nine of these sets on 8 live accounts plus one demo account. The demo account is only so that I can see the action on my own PC. The live accounts all run on VPS's. Anyone else trading this EA? I think it may be...
Ignored
Hi ChuckNZ the 3 pairs Hedge was a system I tried on the past
for example in the following pairs correlation is not important because the trade is neutral but the spread of the 3 pairs will be your loss
S EURUSD
B GBPUSD
B EURGBP
or B EURUSD
S GBPUSD
S EURGBP
I will continue with the original Zscore 2 coupled pairs
for example: If GU long way - (GU strong) EG - sell way BUT sometimes is longl way...I look the EU pair... If the EU go one one way (up or down) the EG go same way.
