Hi everyone,
been really busy at work lately, so haven't had a lot of time to trade. Finished my EA. I have nothing to add to it anymore, it's a pretty generic, multi-currency scalper. The strategy is profitable but it still needs to be fine-tuned to every currency it could trade and, occasionally, to the market environments. It would take quite a bit to look for the most profitable settings and I have admittedly found this very boring.
It makes a lot of sense to trade the strategy manually, because it is much easier for a human to interpret the situation at hand than for an EA to apply dumbed-down rules. Maybe I should sell it and join the likes of Mr. Fielder. 😀
However, since there is hardly any challenging work to be done anymore in terms of programming, I have put it aside for now to look at other options in correlation trading. I'm currently working at developing other indicators that use the correlation indicator's values as input rather than the typical price action from the chart. Maybe the TA on the indicator itself will show good trading opportunities. So far, mainly MetaTrader has been giving me headaches because its array-handling implementation is amateurish at best and causes all kinds of bugs. As soon as I'm able to work around them, I'll be back with hopefully other interesting indicators.
Neil, your write-up at Forex TSD is a very good summary of what is going on in this thread and helps people to interprete the charts and discussion here. How about adding a link to something like this to your signature so it can always be accessed quickly?
Till
Hi Till
I do not have the level of programming skills you (or others that have challenged Metatraders stabiliity/prowness) possess - so to me my simple indicators and hybrids seem to work ok....they are not EA's of course so I can see why you hit problems and snags :smart:
Agreed - the strength ratings are the natural progression from price action/shape of the simple corrleators, and we have discussed these in the past on the thread....the values are there for each currency already - so just a matter of teasing them out (by using multiples to beef them up) and then some fancy programming to get them more visable
then you step to the next level and start the programming regarding
alerts etc etc when a currency is above y value and another currency is above z value blah blah blah ......way way outta my programming league (but naturally I know what i would want the indicators to do if I could programme to that level :smart: )
good luck and let me know if any help needed.....although youve been warned about my sledgehammer/nut approach many times before
😛
Regarding the commercial aspects of these systems - you know that I am in the process of creating a small commercial forum/site to access and teach my corrie hybrids that I preview sometimes here - nothing fancy but to me it will be a robust set of interchangable indicators that are as good as anything else out there that costs bucks to buy (and will be a damn site more reasonably priced as well compared to most)
in all practicality I think I will probably
lose money on it overall, given the level of support I will provide re training and ongoing management - but I just need to prove to myself that I can do it, and have achieved something in an area that is usually the domain of people far more talented and intelligent than i am....whatever the hell that means
to me if you ever want to publish I would be proud to have you in that forum marketing EA's (c'mon we all realise here your stuff's gonna be good !) if you ever get to that point - let me know !
Ref the Forex-TSD (and the Forex Factory actually as well)...I am dipping my toe in the water but these sites are much more academically driven in my opinion re programming skills and indicators so I am nervous of the responses - but we will see
Once I work out all this trackback malarky I will set up the links as suggested :idea:
Regards
Neil
