New EA based on the !xMeter

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Eric Venturi-Bloxs
1064
Eric Venturi-Bloxs  

Hi all,

I start this thread (with Rlinac agreement) about his great tool: the !xMeter.

!xMeter calculate the strength between different currencies. When I study the values on the picture below, it appears obvious that more the variation is large more it would be interesting to open a position.

So I decided to make an EA based on this invaluable indicator and which I come to present here.

This first version is only for EURUSD. If you like it, i would make the following versions: GBPUSD, AUDUSD, USDJPY, USDCHF, USDCAD, EURJPY, EURGBP, EURCHF, EURAUD, GBPJPY, GBPCHF.

The EA details:

1. BUY or SELL when the High and Low levels are reach (eg. if EUR reach High && USD reach Low then BUY)

2. MagicNumber which allows to trade various pairs and several EA simultaneously. You can also delete EA and attach it back, it'll manage its own positions.

The settings:

1. Standard settings: TP, SL, Trailing, Lot size, Slippage

2. The Levels to open: HighLevel and LowLevel

3. MaxSpread for traders who don't want trade the news!!!

4. ManagedLotSize, Risk and MaxLot for increase (or decrease!) your lot size automaticaly with your balance size. If we have others versions (others pairs), i will put also PairsTraded for divide the risk between all pairs.

I tried it on live account yesterdayday. It works perfectly and the results are promissing (3 wins and 1 loss).

I notice some bugs (not in trading). If someone can test if the problem is only me:

1. When the EA is attached to the chart, it isn't possible to click on smiley face to change parameters. The same problem than the original !xMeter. I think it's because of the infinite loop for the Meter.

2. The Meter's values between demo and real are different. My broker have different server for demo and live. Maybe also different feed.

3. Backtests aren't possible. Why? I don't know. Maybe because the Meter doesn't refresh for backtest.

Notice that all these bugs doesn't make any problem for trading.

I am opened with all suggestions concerning of new features but let us try to keep the 1st spirit of this EA: the !xMeter.

Thanks for your feedback.

FerruFx

Update 2007.05.27: EAs MultiPairs and MultiPairs reverse

Tarpan
656
Tarpan  

Tks. for sharing, Ferrufx.

I've try to backtest the EA. Nothing happens. I asume that due to the nature of the Indy, is only able to forward test. I am right?

Eric Venturi-Bloxs
1064
Eric Venturi-Bloxs  
fxnewbie:
I've try to backtest the EA. Nothing happens. I asume that due to the nature of the Indy, is only able to forward test. I am right?

I think so.

Tarpan
656
Tarpan  
FerruFx:
I think so.

Tks. I will try it.

BluePearl
170
BluePearl  

thanks.

now testing.

you are right. i could not click on smiley face to change parameters.

you are risking 20 to make 10. i'm going to test 20 20.

Eric Venturi-Bloxs
1064
Eric Venturi-Bloxs  
BluePearl:
you are risking 20 to make 10. i'm going to test 20 20.

The 20/10 setting is by default. My testing yesterday is 20/20: 3 wins, 1 loss

droesparky
756
droesparky  

will it matter what timeframe its on?

Eric Venturi-Bloxs
1064
Eric Venturi-Bloxs  
droesparky:
will it matter what timeframe its on?

Doesn't matter!

salohang
30
salohang  
FerruFx:
Hi all,

I start this thread (with Rlinac agreement) about his great tool: the !xMeter.

!xMeter calculate the strength between different currencies. When I study the values on the picture below, it appears obvious that more the variation is large more it would be interesting to open a position.

So I decided to make an EA based on this invaluable indicator and which I come to present here.

This first version is only for EURUSD. If you like it, i would make the following versions: GBPUSD, AUDUSD, USDJPY, USDCHF, USDCAD, EURJPY, EURGBP, EURCHF, EURAUD, GBPJPY, GBPCHF.

The EA details:

1. BUY or SELL when the High and Low levels are reach (eg. if EUR reach High && USD reach Low then BUY)

2. MagicNumber which allows to trade various pairs and several EA simultaneously. You can also delete EA and attach it back, it'll manage its own positions.

The settings:

1. Standard settings: TP, SL, Trailing, Lot size, Slippage

2. The Levels to open: HighLevel and LowLevel

3. MaxSpread for traders who don't want trade the news!!!

4. ManagedLotSize, Risk and MaxLot for increase (or decrease!) your lot size automaticaly with your balance size. If we have others versions (others pairs), i will put also PairsTraded for divide the risk between all pairs.

I tried it on live account yesterdayday. It works perfectly and the results are promissing (3 wins and 1 loss).

I notice some bugs (not in trading). If someone can test if the problem is only me:

1. When the EA is attached to the chart, it isn't possible to click on smiley face to change parameters. The same problem than the original !xMeter. I think it's because of the infinite loop for the Meter.

2. The Meter's values between demo and real are different. My broker have different server for demo and live. Maybe also different feed.

3. Backtests aren't possible. Why? I don't know. Maybe because the Meter doesn't refresh for backtest.

Notice that all these bugs doesn't make any problem for trading.

I am opened with all suggestions concerning of new features but let us try to keep the 1st spirit of this EA: the !xMeter.

Thanks for your feedback.

FerruFx

Thank you for your great work.

I will start forward test for this EA tonight ~~

wolfe
1037
wolfe  

FerruFx,

Could you post xMeter indicator here? All I find is EA. Thanks.

salohang
30
salohang  
wolfe:
FerruFx, Could you post xMeter indicator here? All I find is EA. Thanks.

xMeter indicator Is a EA format indicator . And it is not possible to make Xmeter be a indicator.