Playing with the currencies: Gabin System

[lolavixxegas]

Hi traders
On the picture # post 2, we can observe the movements of the 8 currencies during a session. The main methods to exchange are to wait for a cross of 2 currencies and to take position in the fantastic direction. Unfortunately I have not had good results because after a cross frequently happens a cross in another direction. So I have tried another method thinking that when a currency is very strong (or weak) in comparison to others, its movement is over or almost. However, I needed a fantastic indior to compare the strenght ( or the weakness ) of this currency compared to others. Ezios left it. . .thank you.
This indior altered by Ezios displays 2 important parameters: DeltaUp and DeltaDown.
Explanation:
Currency in 1 st position; Value of Upper Currency (VUC)
Currency in 8 st position: Value of Lower Currency (VLC)
Average of this 7 Others Currencies: ( A7OC )
Calculation: DeltaUp = VUC - A7OC and DeltaDown = A7OC-VLC.
You understand how is calculated that the strenght or the weakness compared to the 7 others currencies.
Example:
On the picture # post 3, the upper currency is USD with 7.0.
The average of the 7 others is ( 6.6 5.9 5.1 3.7 3.1 3.1 1.4)/7 = 4.1
So the DeltaUp is 7.0 - 4.1 = 2.9....same calculation for DeltaDown.
More the Delta is high more the probability of return of their currency to others is great.
Practice:
I live in France... therefore the London session is Ideal for me. . .30 mn before available till NY open. . .sometimes afterwards
I put delta = 4.4. As soon as the DeltaUp or the DeltaDown reaches the value, the indior displays the order.
If DeltaUp gt; 4.4, we market Upper Currency basket. In case DeltaDown gt; 4.4, we buy Lower Currency basket.
To activate the orders, there are lots of tools. I use Dashboard Power Meter V3 cust_Curr.
Sometimes at the beginning the market is moving against us. I activate an additional order at delta = 4.8 and yet another at 5.2.
Of course, a SL is an absolute need.
It's possible to observe another indiion on the indior... Delta 1/8.
Delta 1/8 is the calculation of the upper currency versus the lower. The fantastic value of Delta 1/8 is higher.
In this case, the indior displays the order. So you can trade just the pair and not the basket.
Close:
Depending your trading style. I am waiting to get a position of this currency in middle of board ( position 4 or 5 ) to shut the transactions.
I suggest strongly too the use of a lock appliion to protect your gain ( see post # 39 )
Currently Ezios and faryne are working in an EA to automate the transactions with the same cause as the indior and 3 levels of delta.
For instance with USD upper currency 1 st market USD basket in 4.4... 2 nd market USD basket at 4.8 3rd market USD basket in 5.2.
Of course, the levels of delta could be put by the trader according his trading design ( spacing out the deltas through the intervals of volatility )
If some coders wish to work with us, they are welcome to enhance Gabin System.

Warning
This thread is just for eduion purpose and you've got not to go to account.
Gabin System is a countertrend system utilized to ch a reversal currency transfer.
So it's risky particularly during the periods of volatility.
The provided tools within this thread will also be for testing and have not to be utilized in actual account.
But if you understand the logic and utilize Gabin System along with your brain preventing news, with good settings, a correct SL and a lock appliion, you can make some good pips regularly.
Enjoy it.
Many thanks particularly for Ezios, faryne and gvc, the creator of the dashboard below.

Do not forget to leave your appreciation about the survey over
https://www.nigeriaforextrading.com/attachments/15286773031368065327.ex4
https://www.nigeriaforextrading.com/attachments/1528677305125657540.mq4

[aumomelli]

thank you Luxing to your contribution. We'll try out the machine in demo step by step to understand
the degree of activate, take profit and stop loss to employ.
Eduing me to change the indior to ea I post a previous version where I put a black
background box to conceal the traces of graphic that disturb the eyesight of the values.
That I cutt off from the input y and x axis since I need this in fixed position.
I shall continue the ea adding step by step what we want.
https://www.nigeriaforextrading.com/attachments/15286773301478057271.ex4

[lolavixxegas]

https://www.nigeriaforextrading.com/attachments/1528677311891904756.jpg

[lolavixxegas]

https://www.nigeriaforextrading.com/attachments/1528677282.jpghttps://www.nigeriaforextrading.com/attachments/1528677283.png

[lolavixxegas]

Instance of a fantastic exchange
https://www.nigeriaforextrading.com/attachments/15286773141275213980.jpg

[susje2000]

Example of a fantastic trade image. . .looks interesting, wish you great fortune https://www.nigeriaforextrading.com/attachments/1528677288.jpg!

[lolavixxegas]

quote . . .looks interesting, wish you good luck https://www.nigeriaforextrading.com/attachments/1528677288.jpg! Thank you. The principal difficulty in this method is the entrance.
We need a good entrance to avoid a too significant DD.
So sometimes we have to incorporate new baskets in order to average.
I propose strongly baskets with little lots.
Syndi, a part, attempted the machine this week.... IMO DD overly large but good results
https://www.myfxbook.com/members/Strateg2000/handmade/2421353

[Salva258]

Hi traders About the picture # article 2, we can see the movements of the 8 currencies throughout a session. The key methods to exchange would be to await a cross of 2 currencies and to take position in the good direction. Unfortunately I have never had good results because following a cross frequently occurs a cross in another direction. So I have tried another egy thinking that when a currency is quite strong (or weak) compared to others, its move is almost. But I had a good indior to compare the strenght ( or the weakness ) of the currency compared to others.... @Madscalp
Nice to see that someone is playing with currency strength numbers and devising formulas to pinpoint triggers.
My first love in forex was basket trading. Since a couple of years, my trading is almost exclusively based on currency strength / weakness.
Here's my take on which you propose...

First and foremost, it's very important to understand that this system is countertrend basket trading, utilizing reversion to the mean because main cause.
I'm not too sure if this really is a good idea (combo of basket and countertrend).

Baskets - with the exclusion of USD - are comprised of 1 major and 6 crosses.
i.e. EUR basket: EURUSD (major), EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD (6 crosses).
What's the common denominator in crosses?
Based on what the USD is performing, once a couple of crosses begin motoring, they could reach hefty ATRs.
I.e. consider the daily range of EURAUD, EURCAD, EURJPY, EURNZD compared to the major (EURUSD).

Graphically, here's what the interconnection resembles.

Https://www.nigeriaforextrading.com/attachments/1528677318307318149.jpg

Back for the motoring thing.
You go countertrend on a EUR basket, but what if the bottom falls out and EUR tanks across the board?
The crosses will possibly begin tanking big style (see: going against you). Not 1 cross, but mostly 3 to 4.

Now for the formula part.
Delta up, Delta down, Average Other Currencies, etc..
The currency asset meter you are using (FWIW I'm using exactly the same): 8 currencies, arithmetic mean = 4.5, the sum of the 8 currency worth is always 36.
Knowing this and hammering a very simple formula into Excel, it's a piece of cake to compute your initial trigger.

Https://www.nigeriaforextrading.com/attachments/15286773211279730486.jpg

You will buy a very first basket when the poorer currency value is 0.8. At that respect, your delta down gt;= 4.2.

Concerning money management, let's assume that you have a $10K. A conservative (total) lot size for a basket would be 0.10-0.14.
Chopped up in seven pairs that would be 0.02 lots each pair.

So, I will replay your trading situation in slow motion.
Please bear in mind that this is not a black swan situation. This situation will play out at least one time a month, but usually 3-4 times.

Friday 9 Feb..
The moment you see from the screenshot of my EAs log record is the (and my) local time. GMT 1.
London opens, apparently soon there is some high impact news on the GBP.
Fine, this is perhaps going to move things somewhat. Let's see exactly what direction the market takes.

Https://www.nigeriaforextrading.com/attachments/1528677323982701211.jpg

Took a while, but your patience is rewarded.
Three hours in the London session, at 12h14 to be exact a GBP long basket is triggered.
At that moment, GBP CS (currency power ) falls under the 0.8 worth )

Https://www.nigeriaforextrading.com/attachments/1528677326930224205.jpg

About 40 minutes later, time to start the next GBP extended basket. GBP currency strength worth prints 0.40

https://www.nigeriaforextrading.com/attachments/1528677328520605883.png

Nevertheless no pullback, but patience. Reversion to the mean will come, right ?

Well, about 1.5 hours following NY open, we get the six sigma occasion.
GBP currency strength goes under 0.1 plus a third GBP extended basket ought to be opened.

I'm not likely to conduct the drawdown numbers, but seeing that there was an additional drop gt;100 pips (GNPAUD, GBPCAD, GBPJPY) things seem rather nasty.

Just my thought of course, but a basket of currencies in conjunction with countertrend trading is something that may easily spiral out of control.
Happy (basket) trading !

[lolavixxegas]

Thx Luxing for your opinion. . .it's very precious
Of course, this system is still experimental...I forgot to say it. . .only demo . .no live. . .no immediately trading. . .no trading through news (currently GBP is very volatile)
I've given a connection of transactions this week using 40% profit. For me this trading is too agressive but I believe that it's possible to make 1 percent daily with a fantastic management without news.
I concur with you about problems since last tuesday JPY has been very strong during all the day falling very late.
In these cases, we must take a breakeven or a little loss: that is what happened.
But your experience is precious since you tell that this black situation can occur 2-3 times each month.
So We Are in Need of a SL. Having a daily profit of 1-2% plus a SL (equilibrium - equity) of 5%, it is still profitable.
Once again, we must beware of the news in London session to optimize the trading.
What's your trading egy with all the currencies?

[ganielo14]

quote Thank you. The difficulty in this system is your entry. We are in need of a good entry to prevent a too significant DD. So sometimes we must add new baskets in order to average. I suggest strongly baskets with little lots. Syndi, a part, attempted the machine this week.... IMO DD too large but good results https://www.myfxbook.com/members/Strateg2000/handmade/2421353 In the moment I try to trade all signs whenever there is a possibility is in the computer, irrespective of sessions.

[Salva258]

Thx Luxing to your opinion. . .it's very precious Of course, this egy is still experimental...I forgot to state it. . .only demo . .no live. . .no overnight trading. . .no trading during news (currently GBP is quite volatile) I've given a link of transactions this week using 40% profit. For me personally this trading is overly agressive but I believe that it's likely to make 1 percent daily with a fantastic management without news. I agree with you about problems because last tuesday JPY has been quite strong during all the day dropping very late. In such cases, we have to take... this trading is overly aggressive
Yes it is. As a guideline, think about 1 basket as one trade.
For conservative lot sizing take 0.1-0.15 lots / $10K capital, aggressive lot sizing 0.2-0.3 lots / $10K funding.
Aggressive would be such as 0.21 lots / 7 (pairs at the basket) = 0.03 lot dimensions per pair.
For this sort of system it is vital to control the downside (DD). Overszing / overlevereging will kill it.

You tell this black scenario can occur 2-3 times every month
It is not really a doom scenario, but a part of market behaviour. That is why martingale systems finally crash during extended moves.
Once I say 2-3 times each month, what I am really saying is that a series of correlated pairs move well beyond their 5/10/20 day Average Daily Range.
If you get trapped on the wrong side, you'll have to er for this (trade small).

What is your trading egy with the currencies?
I do precisely the reverse from what this system does. That is, dependent on currency weakness I move brief (with the trend) whilst this egy would go long (contrarian) expecting mean reversion. Essentially, IMHO this system could be very successful with the right settings.
Testing and fine tuning a system is very tedious as there are many variables with many distinct combinations.
A fantastic way to narrow down settings, variables, is by taking screenshots of all key numbers at certain intervals, logging info, etc..

To conclude, I will give you important pointer.
As I said, I do precisely the reverse from this particular system.
Pareto rule: 80 percent of the system's transactions are during the Asian session and the first hours of London. Hardly any trades after NY opens.
When should your system afford the majority of transactions and why?

Look at the charts in this informative article
Bottom left is (a version of) the xADR renko indior.
If (utilizing the xADR indior's standard setting of 20 percent ) space up/down is surpassed it is going to light up in red.
This means that a pair is far up in its range and I / my EA won't exchange this pair anymore because trading is about maximising chances.
What do you believe your system should do?

Hope this helps you a little in the right direction.
Good luck.

[lolavixxegas]

Hi luxing
I am not sure I understood that your way of trading with TMM....no matter.
I agree with you that this method is a countertrend trading however when the delta is big I am considering that the move is sufficient significant
and that the likelihood of reversal seems high. Nethertheless, I agree, we need a stoploss.
If individuals are interested by this procedure, let us see their outcomes in next days.
If they're bad, let us forget.

[pknioki]

quote GBP currency strength goes below 0.1 plus a third GBP lengthy basket ought to be opened. I am not going to conduct the drawdown amounts, but seeing that there was an additional drop gt;100 pips (GNPAUD, GBPCAD, GBPJPY) things look rather nasty. Just my idea of course, but a basket of currencies in combination with countertrend trading is something that may very easily spiral out of control. Happy (basket) trading ! LuXing The momentum is represented in the price. The chart is all about correlation. (Nicely done, post #8) because it's my experience of its veracity. A system ought to be helpful if reflect price action, the closer to the price; the better the system. Afterward, no need to look for correlation. Keep it easy. If you looking for an entry then concentrate on the chart of post #5. Significance , a filter is essential. Now, if you decide to use the correlation you can be certain it's real. The logic of your system is very good things occurs as you pointed out.

[ganielo14]

Hi luxing I'm not sure I knew your way of trading using TMM....no matter. I concur with you that this system is really a countertrend trading but when the delta is large I'm considering the transfer is sufficient important and the likelihood of reversal looks high. Nethertheless, I agree, we are in need of a stoploss. If members are interested by this method, let's see their outcomes in next days. If they're bad, let's forget. Strategy currency advantage profitable and promising direction in trading. I have an Advisor who trades on this egy.Only
production is not the basket of orders, and also the individual currencies. Here's a look monitoring:

https://www.myfxbook.com/members/Strateg2000/fx-60/2402826

[lolavixxegas]

quote I haved termed it TMM (Total Market Movement), since it's an indiion for me what has happened since the start of my broker's D1 candle. Probably best to compare it to the motor temperature of an auto. It's the percent ATR / ADR (5 times ) measured over all 28 pairs. I.e. if at a market cycle or D1 candle of 24 hrs an average of 3.500 pips would be the sum of this transfer in pips of 28 pairs and in a given moment the ATR measured over these 28 pairs is 700 pips (thus TMM = 0.2 or 20 percent ). What does this tell you ? That the market for a whole has moved into its... Hello LuXing
Please could you give any examples of your egy along with your W/R?
A lot of thanks.

[javiaamizcun]

quote Strategy currency advantage profitable and promising direction in trading. I have an Advisor who deals on this egy.Only manufacturing is not the basket of orders, and also the respective currencies. Following is a look tracking: https://www.myfxbook.com/members/Strateg2000/fx-60/2402826
Can you possibly explain this egy a little more detailed.

[Comlexxo]

picture picture Understanding CSM have that calculation created but not showed ( merely reveals arrows ) but other systems such as EAX uses that approach then what is the new here?
https://www.nigeriaforextrading.com/attachments/1528677337710447094.jpg

[ganielo14]

quote Could you maybe explain this egy a little more in-depth.
Post 1, article 18

https://www.nigeriaforextrading.com/forex-brokers/186-worldwidemarkets-withdrawal.html

[lolavixxegas]

only a tiny thing to include in your first post -the loion from where you've got this dashboard. -who made it -and a little bit of friendly behavior to the original coder who made that https://www.nigeriaforextrading.com/bitcoin-talk-and-cryptocurrencies/102-fibonacci-indior-negative-values.html otherwise some may consider a certain point in your trip you'll be able to start selling something as you've got the code and you'll be able to edit this as a wish.if you want I can show you few places where those free codes are for sell renamed and edited of course.thats why no longer complimentary codes for recent of these dashboards aren't shared in FF.... Hello guy. . .calm I sell nothing. These tools can be found in FF. Truly a big thank in the founders mainly gvc.

[ganielo14]

quote I added the second digit for more precision of signal. With 1 digit the effect is round and is 36. no worry. Calculation isn't erroneous. You would like to go witn 3 4 5 6 digits? It will be about 36.... For the query of 5.16 you are free to place 5.16 instead of 5.5 no problem for me. Everybody tests the sigals he want... Thanks for the explanation Ezios. Can you make the second and third basket of orders open on the next new candle?

[aumomelli]

quote Thank You for the explanation. Can you create the next and third basket of orders open on the next new candle? The candle isn't relevant in this ea. It's an ontimer ea. It calculates the signal every 1 second not every 1 minute candle.
I can to bring a parameter period in second and you may place to 60 so that the ea will calculates every 60 second but I advise you to do it. The logic is every 1 second.

[ganielo14]

quote the candle is not applicable in this ea. It is an ontimer ea. It computes the signal every 1 minute not every 1 minute candle. I will to add a parameter time in second and you can place to 60 so that the ea will computes every 60 moment but I dont advise you to take action. The logic is every 1 minute. As a rule, the price reaches 5.0 a few times in one or several days. I want there to be a time lag between basket openings. So that the baskets don't open next to the exact same price. Is obtained if the price instantly bounced back and you've closed basket of, if the price goes from you the drawdown will not.

[ganielo14]

Ezios I give advice which I attempted to trade hands and they improve outcomes!!! I also enjoy you would like to make this EA profitable!!! Why don't you listen ? https://www.nigeriaforextrading.com/attachments/1529686401.jpg

[aumomelli]

quote As a guideline, the price reaches 5.0 several times in a couple of days. I need there to be a time lag between basket openings. So the baskets don't open next to the same price. Is obtained if the price instantly bounced back and you've closed basket of, even if the price goes against you that the drawdown will. This ea can't open the same basket 2 times at the same sign every sign is considered only 1 time
if y ou get 5.0 trigger only first time the rest isn't considered.
If you get 5 signal same thing. Just 2 basket for 2 signs. So the problem doesn't exist.
Max basket could be opened is 6. 1 for each sign.

[ganielo14]

quote that this ea can't to open the same basket two times at precisely the same sign every sign is considered just 1 time if y ou get 5.0 trigger just first time the remainder is not regarded. If you get 5 down sign same thing. Just 2 basket for two signs. So that the problem doesn't exist. Maximum basket could be opened . 1 for every sign. For instance, I set the settings 4.8 5.0 5.1 along with the price goes in 1 movement, and that I will open 3 baskets at precisely the same price!!!

[aumomelli]

quote For example, I set the settings 4.8 5.0 5.1 along with the price goes in one move, and I'll open 3 baskets at precisely the same price!!! No it is hopeless. It open a basket for every sign. If is not so download the previous edition.
Max 6 basket.

[aumomelli]

Tonight profit with yen and drawdown sith dollar. We will see if following week there will be the profit...
https://www.nigeriaforextrading.com/attachments/1528677369873420124.jpg
https://www.nigeriaforextrading.com/attachments/15286773711942532834.jpg

[analcahiz]

Tonight profit with yen and still drawdown sith dollar. We will see if following week there'll be the profit... image picture I've the same results as you. Do you thing about change egy? Just buy rather sell in the sane moment. I am aware that it could be awful but it worth to be tried.

[aumomelli]

quote I've exactly the very same effects as you. Can you thing about change egy? Simply buy instead sell at the sane moment. I know it could be bad but it values to be tried. Reversal egh I tried but dont function. More and more stop loss then take profits.
So... the unique way is to wait for the price to go in your favor. It doesnt exist a
allways profitable egy....
The change of fashion is the key. You watched TrendBasket and you saw dont function.

[aumomelli]

Week begin with loss... dollar large dd and large sl
gbp little profit... go on with evaluation...
https://www.nigeriaforextrading.com/attachments/152867737326815096.jpg
https://www.nigeriaforextrading.com/attachments/15286773751140643896.jpg

[aumomelli]

Today jen got profit and gbp still working...
we will see tomorrow...
https://www.nigeriaforextrading.com/attachments/1528677376423103045.jpg
https://www.nigeriaforextrading.com/attachments/15286773781512349067.jpg

[aumomelli]

Today gbp got sl in 2 pairs. We'll see if tomorrow will recuperate.
Yesterday was roughly 6 euro but the goal is 10 so... no profit.
waiting....
https://www.nigeriaforextrading.com/attachments/1528677380468654588.jpg

[aumomelli]

Now good profit for gbp and eur triggered for the first time with this particular setup. We'll observe the results.
https://www.nigeriaforextrading.com/attachments/1528677381354752156.jpg
https://www.nigeriaforextrading.com/attachments/1528677383201610605.jpg

[aumomelli]

Now gbp hit stop loss in several pairs and continues to be enduring...
eur struck tp at a pair and is still running...
for now with this installment the currency allways in profit was jen.
We'll see next week...
https://www.nigeriaforextrading.com/attachments/15286773851179053706.jpg
https://www.nigeriaforextrading.com/attachments/15286773871355998460.jpg

[aumomelli]

This week begin new setting and remove all of the others.
https://www.nigeriaforextrading.com/attachments/15286773881306826511.jpg
https://www.nigeriaforextrading.com/attachments/15286773901837135154.txt

[ganielo14]

Ezios with this logic, the EA won't ever earn. Think about why nobody's testing.... In the event you would like to produce a profitable EA, then you need to listen to the advice!

[aumomelli]

for this logic, the EA won't ever earn. Consider why nobody is analyzing.... If you want to produce a profitable EA, then you need to listen to the advice! I believe this setting is great... I want to test for 1 month... then if isn't superior
we'll see if I change the ea... dont understand... we will see this month.

[ganielo14]

I'm astounded at your perseverance. https://www.nigeriaforextrading.com/attachments/1528677363.jpg

[aumomelli]

The good news for now is that this setup is going well....
Analyzing for 1 month....
https://www.nigeriaforextrading.com/attachments/15286773941813994683.jpg

[analcahiz]

The good news for now is that this setup is going well.... Testing for 1 month... image hello,
will I ask you? Have you got any new results?

[lolavixxegas]

https://www.nigeriaforextrading.com/attachments/1528677308165151332.jpg