Well, I have nothing to add to this, this is exactly that, thanks Dave.spotdespot wrote:Hi Paul,Baluda wrote:Alternatively you can use the 'TradeByDifference' style which trades if the difference of the Slope values of the currencies in a symbol is greater than 0.8. These trades are closed ahen the difference is less than 0.4.
[*]The trading styles are mutually exclusive, 'TradeByLevel' has precedence over 'TradeByDifference'.
[*]At each initialization Baluda will ask if the tresholds need to be reset. 'Yes' means that Baluda deletes all tresholds.[/list]
Again, all levels, differences and tresholds are Slope values which pertains to currencies, not symbols.
Paul
I think we understand this - I think zypip and I perhaps haven't explained well enough what we mean.
- All our comments relate to trade by difference (trade by levels is perfect imo - thank you).
- As you stated above when you trade by difference the difference between the currencies that make up a particular pair trigger a trade or not based on the threshold (0.8 default) and close when the difference goes below 0.4 (default) - fantastic
- The absolute KEY part imo is this:This makes perfect sense for trade by level. It makes less sense when you use trade by difference as you don't care whether each of the individual currencies was ranging - what you care about is the relative strengths of the currencies - whether the difference between 2 currencies was below a value (say 0.4) - that is really the ranging definition of trading by the difference.[*]Currencies are not traded before they have been ranging. This is detemined by the 'StartingTreshold', so Baluda waits until a currency has been between -0.3 and 0.3. (Currency is waiting...)
I hope that makes sense.
I honestly think the trade by difference has more potential than trade by level and I already think trade by level is great!
Thanks for all your efforts.
Dave.
Please Paul, I wouldn't like you to think that we are messing around here trying to add filters here and there so as to "improve" the EA and try to complicate the system when the basic idea is simple.
Here, instead, the original idea for the tradebydiff threshold was as explained by Dave above. This is not new information. The original information was just not conveyed to you properly the first time (I think may be I should apologise for it because it may have been me that originiated this) and we (at least I) only realised that yesterday when Dave raised the issue.
Again, your time is appreciated. Have a good weekend. Cheers.
Zyp
