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USDLFX Offline Chart Creator EA

  • #61
  • May 3, 2015 3:43pm May 3, 2015 3:43pm
Okey, What do we know ? We know these formulas and have charts.

USDLFX = ((USDCHF * USDJPY * USDCAD) / (EURUSD * GBPUSD * AUDUSD))^(1/7)
EURLFX = USDLFX * EURUSD
EURUSD : EURLFX / USDLFX

An example of the second case ( same time / same direction )

http://i.hizliresim.com/b5YRYV.jpg
  • #62
  • May 3, 2015 3:55pm May 3, 2015 3:55pm
İs it enough ? Or we can make the trading easier ?

Just think, we have another formula and chart like this ?
Formula ( differentiation ) = eurlfx - usdlfx
Please take a look at the A and C points. Very clean breakout
regards

http://i.hizliresim.com/l79RqQ.jpg
  • #63
  • May 3, 2015 8:41pm May 3, 2015 8:41pm
Does it work with brokers that uses suffixes?
  • #64
  • May 3, 2015 10:20pm May 3, 2015 10:20pm
Quoting kingofmicro
{quote} Yes, you are right I know seller EA and subscribed his thread. There is an important issue that i tried to explain before; DIRECTION. I think, direction is most important things on trading. I will try to explain my opinion; *İf both indices are moving in a different direction at same time, IT'S EASY. *İf both indices are moving in a same direction at same time, IT'S TO HARD. Most traders lose money in second case. we call this situation a flat market. İn this case,the most important question; How do we define the...
kingofmicro

Is it really about direction? Isn't it about strength or more precisely relative strength?

Indices can still be travelling in the same direction, however if the strength of currency 1 or index 1 is still much stronger than currency 2 or index 2 (relative strength) then price will trend up or down. Agreed, if the strength of currency or index 1 vs 2 are the same or very similar than price will be flat. Looking at a currency strength meter and the direction and slope of each currency line can easily show us that.

What I have found interesting is taking a pair, say the EURUSD, showing the RSI (relative strength index) for that pair and then placing the USD index line (an indicator), in my example, in the same window over the RSI. The cross of the RSI/USD index is usually a turning point and the distance between the 2 lines (diverging or converging) is a indicator of relative strength of EUR vs USD.

Might be worth MathTrader7 turning into a histogram
  • #65
  • May 4, 2015 2:49am May 4, 2015 2:49am
Quoting thor68
Does it work with brokers that uses suffixes?
In the next version I will provide an input for the user to specify the suffix...
Trading is the hardest way to make easy money...
  • #66
  • May 4, 2015 10:17am May 4, 2015 10:17am
Quoting pakeha
{quote} kingofmicro Is it really about direction? Isn't it about strength or more precisely relative strength? Indices can still be travelling in the same direction, however if the strength of currency 1 or index 1 is still much stronger than currency 2 or index 2 (relative strength) then price will trend up or down. Agreed, if the strength of currency or index 1 vs 2 are the same or very similar than price will be flat. Looking at a currency strength meter and the direction and slope of each currency line can easily show us that. What I have found...
Direction is more important than strength. Please look again at the chart I attached EURCHF graph. EURLFX up, CHFLFX up. Strength analysis is important at this point. Why ? Because, both are moving in the same direction. İf LFX goes in a same direction at the same time, strength speaks in this case. Which LFX stronger than other, the pair go in that direction.

But if the LFX goes in a different direction, strength is not critical. Because they are already going in a different direction. (please look euraud picture / eurlfx and audlfx different direction ) This also much more profitable and risk-free.

Yes strength is important, but priority is in second place.
  • #67
  • May 4, 2015 10:35am May 4, 2015 10:35am
Quoting kingofmicro
{quote} Direction is more important than strength. Please look again at the chart I attached EURCHF graph. EURLFX up, CHFLFX up. Strength analysis is important at this point. Why ? Because, both are moving in the same direction. İf LFX goes in a same direction at the same time, strength speaks in this case. Which LFX stronger than other, the pair go in that direction. But if the LFX goes in a different direction, strength is not critical. Because they are already going in a different direction. (please look euraud picture / eurlfx and audlfx...
In that case when you knw both indices are moving same direction its called ranging zone - no money in market so better avoid it.
If you believe in yourself anything is possible !!
  • #68
  • May 4, 2015 11:09am May 4, 2015 11:09am
http://i.hizliresim.com/GY58a2.jpg
  • #69
  • Edited 11:34am May 4, 2015 11:23am | Edited 11:34am
Quoting imifx
{quote} In that case when you knw both indices are moving same direction its called ranging zone - no money in market so better avoid it.
Come onnn. we are not farmer. we are trader
eurlfx and cadlfx. please check eurcad.

if you follow smart money, you make money.

http://i.hizliresim.com/VV64VP.jpg
  • #70
  • May 4, 2015 1:17pm May 4, 2015 1:17pm
Quoting kingofmicro
{quote} Come onnn. we are not farmer. we are trader eurlfx and cadlfx. please check eurcad. if you follow smart money, you make money. {image}
Piping is actually farming

in above picture one is falling and another is rising ..... easy to make money but what i said is when your there is no money in market or its ranging why to enter in trade and incur the expense
If you believe in yourself anything is possible !!
  • #71
  • May 4, 2015 2:28pm May 4, 2015 2:28pm
Quoting kingofmicro
{quote} Direction is more important than strength. Please look again at the chart I attached EURCHF graph. EURLFX up, CHFLFX up. Strength analysis is important at this point. Why ? Because, both are moving in the same direction. İf LFX goes in a same direction at the same time, strength speaks in this case. Which LFX stronger than other, the pair go in that direction. But if the LFX goes in a different direction, strength is not critical. Because they are already going in a different direction. (please look euraud picture / eurlfx and audlfx...
kingofmicro

I fully understand your point, however I just don't agree with it. So lets agree to disagree
  • #72
  • May 7, 2015 9:53am May 7, 2015 9:53am
Quoting MathTrader7
{quote} In the next version I will provide an input for the user to specify the suffix...
Hi MT7, excellent job. Thanks. I have only a problem with CADLFX. On LiteForex the EA works fine with CADLFX, but at GCI and IC Markets CADLFX looks like USDCAD.

Do you know what or where the problem is?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IC Markets.png Size: 27 KB
Click to Enlarge Name: GCI.png Size: 34 KB
Click to Enlarge Name: MT7 EA LiteForex.png Size: 31 KB
Click to Enlarge Name: LiteForex CADLFX.png Size: 31 KB
  • #73
  • May 7, 2015 10:23am May 7, 2015 10:23am
Quoting GU-Night
{quote} Hi MT7, excellent job. Thanks. I have only a problem with CADLFX. On LiteForex the EA works fine with CADLFX, but at GCI and IC Markets CADLFX looks like USDCAD. Do you know what or where the problem is? {image} {image} {image} {image}
This is probably because different brokers have different GMT time
Trading is the hardest way to make easy money...
  • #74
  • May 7, 2015 3:36pm May 7, 2015 3:36pm
Quoting MathTrader7
{quote} This is probably because different brokers have different GMT time
The GMT from IC Markets is the same as LiteForex. Only GCI has another server time.

The problem exist only with CADLFX, the other MT7 EA indices are 99% identical with the original LFX indices.

The picture shows CADLFXc MT7 EA (IC Markets) with an USDCAD overlay chart.

USD makes the same moves against CAD as CAD against all the other currencies. In other words; CADLFXc MT7 is highly positive correlated with USD, and negative correlated with CAD.

Is it possible that there is somehow too much USD in CADLFXc MT7 with (some) other brokers, or that it has to use the price of CADUSD instead of USDCAD? Maybe is the problem in the base currency, or only on my side
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.png Size: 30 KB
  • #75
  • May 7, 2015 7:06pm May 7, 2015 7:06pm
Quoting kingofmicro
{quote} Come onnn. we are not farmer. we are trader eurlfx and cadlfx. please check eurcad. if you follow smart money, you make money. {image}
Hi king,
can you post that indicator for me please? or how is it called?

thanks a lot

greetings Trading-Kid
quality comes before quantity
  • #76
  • May 7, 2015 11:52pm May 7, 2015 11:52pm
Quoting trading-kid
{quote} Hi king, can you post that indicator for me please? or how is it called? thanks a lot greetings Trading-Kid
hi kid, please search google; DveMashki_ind_w_SignalsV01
actually you know moving average, no magic

good luck
  • #77
  • May 8, 2015 6:50am May 8, 2015 6:50am
Quoting kingofmicro
{quote} hi kid, please search google; DveMashki_ind_w_SignalsV01 actually you know moving average, no magic good luck
Ofcourse, normally i look at dollar index with auto-trend channels indi for direction, on different timeframes.
It works well i think, but try something different is always worth it
thanks,

Trading Kid
quality comes before quantity
  • #78
  • May 14, 2015 6:23am May 14, 2015 6:23am
Quoting MathTrader7
{quote} In the next version I will provide an input for the user to specify the suffix...

MathTrader7:

Any updates on new version with suffix abilities?
  • #79
  • May 15, 2015 9:15am May 15, 2015 9:15am
Quoting thor68
{quote} MathTrader7: Any updates on new version with suffix abilities?
Version 1.4 released. In this version the user can specify suffix for the symbols. I updated Post 1.
Trading is the hardest way to make easy money...
  • #80
  • May 16, 2015 11:07pm May 16, 2015 11:07pm
Quoting MathTrader7
{quote} Version 1.4 released. In this version the user can specify suffix for the symbols. I updated Post 1.

Thank You So Much
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