Download MetaTrader 5

Buying or Selling all 7 pairs

To add comments, please log in or register
tarigeltayeb
146
tarigeltayeb  

Dear All


i was trying a trading strategy to buy or sell all the USD Currency pairs together, i only check the daily strength of the USD, then i take decision to buy or sell (open 7 positions), then i check after so many hours, sometimes waiting for days looking  for total positive profit after that i close all the 7 pairs together, after so many testing on demo account i realized it worth studying trying i didn't lost any of trials so far. 

when the dollar strength is high i open sell, and vise versa. (same lot size)


i know this system can't be tested (multi-currencies) so my questions are:

1- is there any better way for deciding whether to buy or sell (other than currency strength meter? 

2- are these profitable testing is the case or is it just by accident (luck) am still making profit? 

best of luck for all

Stanislav Korotky
23380
Stanislav Korotky  
tarigeltayeb:

i know this system can't be tested (multi-currencies) so my questions are:

Surely you can test multicurrency expert advisers, and experiment for getting answers for your questions 1 and 2.

tarigeltayeb
146
tarigeltayeb  
Stanislav Korotky:

Surely you can test multicurrency expert advisers, and experiment for getting answers for your questions 1 and 2.


Dear korotky

thanks a lot for reply, can you explain to me how to back test multi currency ea

Jack Thomas
1725
Jack Thomas  
tarigeltayeb:

i know this system can't be tested (multi-currencies) so my questions are:

1- is there any better way for deciding whether to buy or sell (other than currency strength meter? 

2- are these profitable testing is the case or is it just by accident (luck) am still making profit? 

best of luck for all


Multiple currency trading is no problem via EA, I regularly monitor and trade multiple currencies from a single MT4 chart.


1- is there any better way for deciding whether to buy or sell (other than currency strength meter? 

That depends entirely on your personal trading strategy. If a strength meter is part of your strategy and it works for you, why change it?


2- are these profitable testing is the case or is it just by accident (luck) am still making profit? 

Again, That depends entirely on your personal trading strategy.

Markets change over time and something that works right now might not work in the future.

- Jack

Stanislav Korotky
23380
Stanislav Korotky  
tarigeltayeb:

thanks a lot for reply, can you explain to me how to back test multi currency ea


In MT5, backtesting of multicurrency EAs does not differ from standard backtestings: the tester supports this feature natively.

All you need is to obtain/code a EA which will issue orders in different symbols. The tester will automatically download data for the symbols being used, open charts, and execute trades. Of course, finally you'll get a report with multiple symbols.

Sergey Golubev
Moderator
101650
Sergey Golubev  

Multi-Currency Expert Advisors in MT5  - backtesting and optimization

 

The threads/posts

  • Buying or Selling all 7 pairs - the thread with the explanation.
  • Multi-Currency Expert Advisors the post with the examples of backtesting/optimization

The articles

Documentation

  • MetaTrader 5 Help → Algorithmic Trading, Trading Robots → Optimization Types - All Symbols Selected in Market Watch
  • MetaTrader 5 Help → Algorithmic Trading, Trading Robots → Strategy Testing - Multi-Currency Expert Advisors
  • MetaTrader 5 Help - Trading Platform — User Manual
Optimization Types - Algorithmic Trading, Trading Robots - MetaTrader 5 Help
Optimization Types - Algorithmic Trading, Trading Robots - MetaTrader 5 Help
  • www.metatrader5.com
This type of optimization is based on the genetic algorithm of search for the best values of input parameters. This type is much faster than the first one and is almost of the same quality. The slow complete optimization that would take several years can be performed within several hours using the genetic algorithm. Each individual has a...
tarigeltayeb
146
tarigeltayeb  
Sergey Golubev:

Multi-Currency Expert Advisors in MT5  - backtesting and optimization

 

The threads/posts

  • Buying or Selling all 7 pairs - the thread with the explanation.
  • Multi-Currency Expert Advisors the post with the examples of backtesting/optimization

The articles

Documentation

  • MetaTrader 5 Help → Algorithmic Trading, Trading Robots → Optimization Types - All Symbols Selected in Market Watch
  • MetaTrader 5 Help → Algorithmic Trading, Trading Robots → Strategy Testing - Multi-Currency Expert Advisors
  • MetaTrader 5 Help - Trading Platform — User Manual

Dear Jack, Korotky and Sergey thanks a lot the post was very informative, am using MT4 on live account, i will open demo account running mt5, i have ea that can open sell or buy or both for 7 currencies somebody coded for me. i will try it and check the report

To add comments, please log in or register