I will contact you via pm for further communication.

I have this running on a small live account. I think the concept is a great way to trade. We'll see what happens.

THX!

Hi Carsten,

Thanks so much for such a great tool. I have a question. My default trading assets in the panel are slightly different from your videos and screentshots. Do I need to change them from time to time? Or just leave them as default as you have already selected the best correlated pairs?

Hi Vincent,

thanks for your feedback!

It is in the nature of correlations that these sometimes change. That's why I've added the "RECALCULATE" button to recalculate the correlations (there's no need to press the button when you've restarted the MT4). It is enough to do this calculation every few days or once a day (with the current version you can automate this task).

Incidentally, I do not believe that there are bad and better correlated pairs, especially as I prefer discretionary trading (with the support of the automode). I do not particularly like the Swiss Pairs and I do not like to trade quads (correlations with 4 currencies). But that's a subjective opinion.

I'm glad that you find the tool useful. If you want, write a short review or share your experiences with me. I would like to make the tool even better and need feedback from the active users. Thank you!

Kind Regards,
Carsten

Hi Carsten,

Thank you for your fast response. I am running on my live account about a week and the result is really good.

There is one suggestion for the automode, since I live in U.S. and must follow the FIFO rule for all U.S. brokers, so it will be a problem when the EA open multiple positions for the same pair(for example AUDCAD-AUDJPY, and AUDCAD-EURGBP, the two basket orders both have AUDCAD pair) . 

So is it possible to limt only one pair for open position? For example, if EA open AUDCAD-AUDJPY order, then it will not open AUDCAD or AUDJPY related pairs unless that order is closed. Right now I am trading with manual mode. It's not a big issue, but if this idea can be integrated into the EA, that would help me save a lot of time checking on the computer.

Thank you Carsten.

This is a very good suggestion and is on my feature request list for one of the next versions. The idea was already there, because the EA sometimes takes an unnecessary risk through the multiple trading of an instrument. I did not have the FIFO rules in mind, but of course that's a very important point. Thanks for this very useful hint!

Hello Georgios,

There are currently two main things to work on.

The first is an algorithm for averaging some trades (for autotrading). That is in progress and will come in one of the very next versions.

The second is the scoring system. Unfortunately, I still get relatively little feedback on it and therefore have countless statistical calculations and evaluations. Of course, this takes a long time. I do not want to publish anything as finished, if I'm not convinced with it.
The scoring system uses "things", that I use in my trading decisions too (like some EMA, Pivot, Fractals,...). That's working fine - but these are reversal signals. Not so good works the detection of trendy or outbreaking assets. Usually I close some trades in this case - but the decision on this is highly subjective. And that is the part, that is not ready at the moment. If you (or the other readers) have good suggestions about it - feel free to contact me.

Kind Regards, Carsten

Hello,

I can not answer that spontaneously. Write me a PM with your settings. I have multiple instances (even with the set from the blog) and had several signals (I have not counted them yet).

Regards, Carsten

I just seen 2 sets in your blog ,could I have other to try .THK.

Sorry for misunderstanding. I meant that I had several entries with the set from the blog entry.

I trying  another  broker ,seem ok.

hi Carsten, I have samoe question to ask

1. are there any limitation of the account that I can use?

2. I have Tickmill & Ic market, which one you recommend?

3. use default setting or we need to find the set by ourself?

4. if you have best performance set, could you share it with us?

hopefully you respond my question ASAP. thanks