Thread: mctc currency strength indi for you to try

Originally Posted by ;

ver 4 I have added a average lineup and a few other little tweaks that the intriguing thing is , when you look at how the currencies proceed on a day to day basis , you see some pairs moving against or away from the average line. I am Sure there's a egy there someplace thoughts anybody ? picture file

Could you create the lines smoother, what do you think? (interpolate through formula)

Originally Posted by ;

quote When would you close your transactions?

It depends very well. I usually have a rolling stoploss of between 200 - 300 points depending on the currency.

Today has been amazing with all the NZD. Nearly 50 percent on my10,000 account in one day out of four pairs with 1 lot each. I just had four once I could of had loads more but not had time as I had to hurry outside. Bad for 5 minutes perform this early morning.

The NZD could drop more so I'll keep them running overnight (U.K moment) and see how it goes in London open Friday.

This is the very best currency strength indior ever and with my additional indior that informs me the strength of the pair its awesome.

3 hours into a new day and im testing my new revised EA on another acc. With some settings.

Now here is what , a computer can compute and analyze tons of data , and then do exactly what its told to do , much quicker than a human
hence it open , closes , calculates trades at turbo pace.

Well it gave this result , and I set the EA to stop at 20 percent
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Originally Posted by ;

ver 4 I have added a ordinary line and a few other little tweaks the intriguing thing is , when you look at how the currencies move on a day to day basis , you find some pairs moving against or away from the typical line. I'm Sure there is a egy there somewhere thoughts anyone ? image file

Yeah, I see what's going on here. The matter here is that the scores which are given to each currency is basically just the number of pips that each has moved because the open. But as we discussed earlier, not all of pip values are equal. So the scores will always be marginally incorrect.

The key to bear in mind is that if you add up all of positive and negative moves on most of 28 pairs, corrected for each currency's pip value, the outcome should always be....zero! (the typical will also obviously be zero)

There is a few ways around this. I booted up a couple currency strength meters two or three years back and the way I overcame this dilemma was to normalize all pairs to a base scale (eg 0 to 100, -100 to 100 etc). The easiest way to do so is to add up all the 28 pairs pip movements. It needs to be the absolute motion, not positive or negative. So let us state that equals 287. Now compare each pair's motion as a percent of that whole. Say EU has moved 28 pips, that's (28/287) * 100 = 9.75%. At this phase you re-introduce the value that is negative or positive. So if EU dropped, it has move was -9.75 percent.

Do the exact same for many 28 pairs. You will know whether the calculation is correct if you add up all of pairs and the outcome is, you guessed it, zero

Hope that all makes sense?

Originally Posted by ;

3 hours into a new day and im testing my new revised EA on another acc. With some crazy settings. Now here's the matter , a computer can compute and analyze tons of data , and then do exactly what is told to do, how substantially quicker than a human hence it open , closes , computes trades in lightning speed. Well it gave this outcome , and I set the EA to cease in 20 percent - picture

Are you after the exact same before and opening at Asian session?

@bsfilter - thanks to that , makes sense. At math - lol.

@mrdfx - yes friend

Buju, to filter out your transactions using C/S - most powerful vs weakest - enter on a lower time period after a retracement
Either adhere to one pair or use an EA to basket commerce them

Buju I have a question: MT4 includes a limit about amount of buffer can be utilized (max 8).
How u can plot 28???

Tnx u so much

The amount of buffers cannot exceed 512 and be significantly less than the value put in
https://docs.mql4.com/basis/preprosessor/compilation

iCustom can just read the first 8 buffers.

Originally Posted by ;

The number of buffers cannot transcend 512 and be less than the value set in https://docs.mql4.com/basis/preprosessor/compilation iCustom can only read the first 8 buffers.

Tnx u so much!!!!!