-------7Originally Posted by ;
place EA just on d 1 basket_chart
aelimian
the indi timeframe should higher than the chart timeframe
image attached shows that gbpjpy would have become the best pair to trade in the time , measuring more than 1 month on daily timeframe.
You'll be able to bring this down to quantify on a 5 minute chart over a daily interval.
IE indi set to daily ; chart set to 5 minutes
Fyi:
My reply to a querry on another forum:
quote:
the indi measure movement from some point in time , we have to start measuring anything from a beginning point , I enjoy the daily interval , but Im busy experimenting with the H4 interval now.
I find the best way to utilize the indi would be to exchange the top 3 'up' and top3 'down' pairs that have a spread of less than 5.5 pips. What I have discovered is that the market can undo at any moment , so the best chance of succeeding would be to exchange mutiple pairs , possibly one of these may undo , bust we should have others going in the ideal direction and then we're not trading the flat ones. My indi will show you the movers and keep you apart from the 'flat' shing pairs. There is a worth that is strenght next to each pair , this is for you the trader to choose whether the strength is strong enough to put a trade.
Have a peek at my sign , this really is a EA based on this indi , it will exchange from day opening the 3 strongest down and up pairs , and close trading once the account has reached 3% profit for the day , although I've seen it move to much greater than 3% ! , but this is where the trader could come in and decide if to close trades.
I trust this helps.
PS , I ceased using indi's like RSI as they are based over a timespan period , so what is a great period for RSI ? 15 , all these 'moving average' indi's are useless in my view because the essentially lag.
cheers
Happy to report:
just ended this week off.
4 weeks jogging and 100 % success rate at achieving 3 % Every Day
This indior isn't anything special: that the core is smSession indior....and buju indior plots the difference of currencies strength for compute pairs strengthOriginally Posted by ;
Please explain how and if you talk about the profit in greater details. Thank youOriginally Posted by ;
If you understand how to use it correctly this is awesome.
I used the weekly interval last week and brought/sold if 50 or -50 or more
Created #4,183 out of 6 pairs out of 1 lot each. Brought at 9am (London time) Tuesday dawn and closed all only before weekend near.
Where do I get the EA from. Will see how it goes and do the same this week. Powerful indi.
Nice one Buju. Well done
Hi Buju,Originally Posted by ;
First of all thank you for your own indior. Can you use EA on this indior or you put order manually. If you are currently utilizing EA can you please supply here. Appreciated.