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Yen Trader

  • #41
  • Jul 2, 2016 6:26pm Jul 2, 2016 6:26pm
Quoting abokwaik
{quote} The initial idea was to not use a stop loss or take profit, and close the position when signal pairs are out of sync. However I found it better to have a stop loss and a trailing stop, and allow for trades to open in both directions when signaled, while running trades can be closed at SL or trailing, as long as SL/Trailing are relatively far enough based on the time frame used. Having the initial SL at swing high/low is not a bad idea as long as it is far enough to allow for price noise. Also sops can be trailed by last high/low.
So, you are saying the EA hedges? If so, no way to run with US broker.
  • #42
  • Jul 2, 2016 6:30pm Jul 2, 2016 6:30pm
Quoting ChicagoRob
{quote} So, you are saying the EA hedges? If so, no way to run with US broker.
No problem, this can be an option to be enabled/disabled.
Currently you can set Max Order to 1, and you're done.

The EA was ONLY made to test the system, NOT to TRADE it.
Trading the system using an EA will come later when system profitability is proved.
No guts, no glory
  • #43
  • Jul 2, 2016 6:31pm Jul 2, 2016 6:31pm
So why GBPJPY trend UP ?

1. GBP is stronger than JPY.
2. USD is stronger than JPY, and USD is weaker than GBP.
No guts, no glory
  • #44
  • Jul 2, 2016 6:38pm Jul 2, 2016 6:38pm
2 Scenarios :

1. GBPUSD trends UP first, and then followed by USDJPY.
2. USDJPY trends UP first, and then followed by GBPUSD.

Which is better for GBPJPY ?

In which scenario GBPJPY will trend UP longer ?
No guts, no glory
  • #45
  • Jul 2, 2016 6:40pm Jul 2, 2016 6:40pm
These questions and MANY others need to be answered before we have a good system.
We are just starting!
No guts, no glory
  • #46
  • Jul 2, 2016 6:41pm Jul 2, 2016 6:41pm
Quoting abokwaik
{quote} No problem, this can be an option to be enabled/disabled. Currently you can set Max Order to 1, and you're done. The EA was ONLY made to test the system, NOT to TRADE it. Trading the system using an EA will come later when system profitability is proved.
Thanks for the clarification. Will set Max Order to 1 and see how it does when the green flag drops.
  • #47
  • Jul 2, 2016 6:42pm Jul 2, 2016 6:42pm
What about the opposite system :

Trading the Major Pair and USDJPY based on the Yen Cross.
So if GBPJPY is trending UP, buy both GBPUSD and USDJPY, wouldn't that be safer ?
No guts, no glory
  • #48
  • Jul 3, 2016 3:18am Jul 3, 2016 3:18am
Quoting abokwaik
What about the opposite system : Trading the Major Pair and USDJPY based on the Yen Cross. So if GBPJPY is trending UP, buy both GBPUSD and USDJPY, wouldn't that be safer ?
hi, bro, this EA seems working fine since 2016.
but seems losing before 2016.
do you know why?
  • #49
  • Jul 3, 2016 3:54am Jul 3, 2016 3:54am
Quoting cjtylor
{quote} hi, bro, this EA seems working fine since 2016. but seems losing before 2016. do you know why?
Be sure to have the right datas in your platform for the other related pairs. That's important for this EA because it isn't a single pair calculation.
MT4/MT5 EAs/Indicators/Alerts coder
  • #50
  • Jul 3, 2016 4:23am Jul 3, 2016 4:23am
Quoting FerruFx
{quote} Be sure to have the right datas in your platform for the other related pairs. That's important for this EA because it isn't a single pair calculation.
Definitely, if you are backtesting GBPJPY you will need history data also for GBPUSD and USDJPY.
No guts, no glory
  • #51
  • Jul 3, 2016 4:25am Jul 3, 2016 4:25am
Quoting cjtylor
{quote} hi, bro, this EA seems working fine since 2016. but seems losing before 2016. do you know why?
How far do you want to go back ?

Anyway, please post your testing results, specially the losing ones.
No guts, no glory
  • #52
  • Jul 3, 2016 4:49am Jul 3, 2016 4:49am
Quoting abokwaik
{quote} Definitely, if you are backtesting GBPJPY you will need history data also for GBPUSD and USDJPY.
Yes that was my point.
MT4/MT5 EAs/Indicators/Alerts coder
  • #53
  • Jul 3, 2016 6:32am Jul 3, 2016 6:32am
does strategy tester support multiple-pair trading ?

previously, i remember strategy tester in mt4 is not able to get multiple pair bid and ask
  • #54
  • Jul 3, 2016 8:14am Jul 3, 2016 8:14am
Quoting tradebuddy
does strategy tester support multiple-pair trading ? previously, i remember strategy tester in mt4 is not able to get multiple pair bid and ask
This EA isn't trading multiple pairs ... It is just using datas from multiple pairs and trade the current pair ... which is fine with backtester.

That was already discussed earlier in the thread ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #55
  • Jul 3, 2016 1:29pm Jul 3, 2016 1:29pm
Quoting abokwaik
What about the opposite system : Trading the Major Pair and USDJPY based on the Yen Cross. So if GBPJPY is trending UP, buy both GBPUSD and USDJPY, wouldn't that be safer ?
Buying both GBP/USD and USD/JPY is the same thing as buying GBP/JPY..with twice the spread cost.
  • #56
  • Jul 3, 2016 2:45pm Jul 3, 2016 2:45pm
This sounds very interesting and worth looking into.

I love FerruFx multi info Indicator. Could this be added if OK with FerruFX

Example =

NZD/USD Strong Up
USD/JPY Strong Up
NZD/JPY Strong Up

So we buy NZD/JPY

Etc Etc. Will try it manually but have little time at the moment.

Awesome idea though.
The most violent element in society is IGNORANCE
  • #57
  • Jul 3, 2016 3:02pm Jul 3, 2016 3:02pm
Quoting thorn
{quote} Buying both GBP/USD and USD/JPY is the same thing as buying GBP/JPY..with twice the spread cost.
More spread but Less risk.
No guts, no glory
  • #58
  • Jul 3, 2016 3:07pm Jul 3, 2016 3:07pm
Anyway, for the time being we'll stick to thread main idea : Trading XXXJPY cross based on XXXUSD/USDXXX and USDJPY.
No guts, no glory
  • #59
  • Jul 3, 2016 4:45pm Jul 3, 2016 4:45pm
Version 4 with few bells and whistles

Attached Image (click to enlarge)
Click to Enlarge Name: yt4_inputs.png Size: 53 KB


Edit : re-uploaded the EA (MA was not coded).
Attached File(s)
File Type: ex4 Yen_Trader_04.ex4   23 KB | 987 downloads
No guts, no glory
  • #60
  • Jul 3, 2016 5:10pm Jul 3, 2016 5:10pm
I like concepts like these. Will run some tests. Thanks Abokwaik
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