New EA Currency Strength EA

in currency strength EAs we have always confusion that we should trade at when currency strength is maximum or we should trade against currency strength b/c if we do trading at maximum value and it will retrace from that due to any major support or resistance than what we will do?? it will cost big loss. i think we should trade currency when it is weakest and almost approaching to zero. sooner it will retrace and give some pips but in both cases risk involved and we are blindly doing trading without knowing where is retrace point where it can go etc.
i tried basket trading for many times but not always consistent pure gamble nothing else..
its just my assumption and statement may someone has different opinions and have solution what i said????

 

This is my review for this thread:
great EA sharing!

 

I don't know why but when I put this EA on demo it only trades CADCHF pair. Anyone have ideas to fix this? My account have "m" suffix which is "CADCHFm". Is this the problem?

 

i tested it on demo, time frame M5, M30....

I found a lot floating loss order at least 6-7 pairs to trade at the same time.....so I strongly suggest to use trailing stop loss to close the order.

Any idea ?

 

The trick behind this EA is off Red News. It can effect on both sides. But we shall need the red news. My daily performance is on below chart on another broker. Setup is the original one. I am not closing it and want to see NY effects. Floating is in continue, so will try to see how much the trend can change in next session.

 

Any Update ?

 

I found a way how I can loose consintently. So I am trying now to reverse all the system with playing Tp snd SL...The original SL and TP is not efficiently. I made many calculations on it to find my path. Next week I will try something very different. This EA is very sensitive on start timing , on red news as well as in ranging times and between sessions. So I suggest to make as many test in all market conditions. I try to find something which would work at least on 4 days of 5 days, 2-3 is not enough unfortunately. Nice weekend all.

 

I am Tweaking tweaking and tweaking again...Why? Because Garner has posted something which should work in Forex in 8 out of 10 days. If there is no strengh and weak troughout the day, then nobody in the world win a penny from Forex. So how the big boys, the banks evt pushing the pairs , I have to find the correct wave only. The Golden Wave. Actually this is not as easy as we all dream about sure. But this EA brings you somehow closer to the Big Boys arena.. I am still working on it, but I wanted to show you the potential.

 

well done buddy,hope you will share your set file with me when done. I sent you a message with another ea.did u get it.

 

put ffcal and currency strength indicaotr folder and no need to attach to chart EA will automatically detect

 

1.copy indicator ffcal to indicator folder.
2. Copy Orcus to experts folder
3. restart mt4.
4 . Drag orcus to any chart. you only need to place it on one chart.
5. Ensure trading is allowed .
6. allow dll imports

 

Whether using ea that also using indicator for forex factory calendar economy not making platform being low responding
I am ever tryinng use complex indicator but only making low respond platform

 

Hi, thanks I will share set but in the moment I am still not clear with some functions based on SL and TP evt trail. Other than that starting time of the day is very important, in my several tests I found out the best consistent trend starts usual after 30 minutes of London and the EA must be closed before you enter NY time, it means 4-5 hours trading time, if you left it open strong reversal can beat you hardly. I also have avoided simultanesly trades on same pair in short time. Max trade 1 is enough, but if I exit from the pair therefore I put the EA on H1 to be able to trade again if options come accross troughout London. I used also 6.5-2.5 combination. From my last setup I am using since 2 days with win inside London, but this is not ok enough to have conclusion if my setup is fine. My concern is about the TP-SL and trail, this is the parameter which is playing huge role under the performance. So I probably need to work more on it. The problem why all these tests are going so slow is because I have only 1 time of day to start the EA. It is useless to restart another test after 2-3 hours of London because the day is over and results will not be accurate anymore as it should (This EA is not a a scalper or grid or something else on this category) Strong and weak pairs start to show their consistent trend move at the beginning , if not a red new disturb it continue till at least next session...
Thank you for the other EA I will now check that.

 

Did quick BT and results as follows (see attachments). With settings SOTB it appears too low profit factor ... barely profitable. Even though Wins/Losses are ok, the $ losses quickly erode most profit. Will try modifying the settings and retest.

 

Where do I put the orcus.set? What folder do I put this file into for the MT4? And what folder do I put the currencystrengthalerts.mp4 into as well? Thank you.

 

Seems too larger target and pair average movement daily never reached taeget
might need to adjusted target to lower and ratio stop loss also same with target

 

I have tested this EA many times, not profitable and even much lost.
because the currency meter used for this EA not too good.
i compare 2 currency indicator, the result was different.
If someone can fix this, i have the idea to make it better.

 

Do you have the EA's code?

 

In which TF I set for best?

 

SetFile? FT?