2pip Cross-Quote Derivatives
To know whether or not the the USD is properly hedged out of the derivative, you can use the following to double check:
If the USD is the base currency the the USD position the the number of lots.
If the USD is NOT the base currency the postion is the product of the number of lots by the order open price.
When the two are close to the same (would be same if lot sizes were mico and beyond) the USD is effectively hedged out. 
Can this EA work at 3 or 5 spread?
Can this EA work at 3 or 5 spread?
Yes, this can work at any spread, but of coarse the idea is to pay as little as possible on the spread and scalp the Cross pairs which seem to have a more predictable behavior.
Is the time frame important?
No, there aren't any indicators so it will work on any timeframe. Do you have any ideas on a good ranging system to apply this to? Keep in mind that as of now the entry and exits are purely manual.
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Hello TSDers!
It's been a while since I've put anything new here. I want to introduce you to a new EA that essentially allows you to trade currency cross quotes @ 2 pip spreads. I have been testing this with Crown Forex (1pip on ALL USD pairs) and it seems to be working great so far.
The EA places trades on the chart of the desired trade symbol. It calculates positions to go Long on Base quote pair and short the floating pair, while heding out the USD. So if you want to place a LONG trade on the EURJPY you would:
1) Place EA on the EURJPY chart
2) Designate a total aggregate lot size
3) Change the extern boolean TradeBUY to true
4) Set SL/TP or leave at 0 for no SL/TP
The EA will automatically calculate position sizes to hedge out the USD and move similar to the symbol on the chart. The TP and SL is set to the price of the CROSS CHART bid/ask, and is set to close trades if and when the price on the CROSS chart has hit the SL or TP.
I welcome any questions.
Please pay special note to the copyright notice. I have to respectfully ask that if anyone would like to use any portion of the source code or to post this on any other forum except www.forex-tsd.com, please get express written permission by emailing me at nickATbarkerDOTnet
I am looking forward to your
Crown Forex MT4 DEMO
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