Thank You. No, you need only the Traded Pair (i.e. EURJPY). Make sure you feed in the Symbol codes as they appear in Terminal's Market Watch (with any prefix/suffix).

Yen Trader

bon appétit.

Yen Trader

True, Good point. This why I left the pair codes selectable. For example you can use it to trade EURAUD based on EURGBP + GBPAUD. So it can be used as a generic Cross Trader not only a Yen Trader.

Yen Trader

I know, I am hopeless I''ll leave the testing for you guys

Yen Trader

I will be going for a 2-week vacation starting tomorrow, so I might not be able to correspond as frequent. It would be very nice if you guys can run some back/forward tests with different options, on different JPY crosses. All the best and wish you ...

Yen Trader

Version 4 with few bells and whistles image Edit : re-uploaded the EA (MA was not coded).

Yen Trader

Anyway, for the time being we'll stick to thread main idea : Trading XXXJPY cross based on XXXUSD/USDXXX and USDJPY.

Yen Trader

More spread but Less risk.

Yen Trader

I trade fundamentals technically. Where I analyse fundamentals for direction and use technicals for entry/exit.

technical analysis -or- fundamental analysis

How far do you want to go back ? Anyway, please post your testing results, specially the losing ones.

Yen Trader

Definitely, if you are backtesting GBPJPY you will need history data also for GBPUSD and USDJPY.

Yen Trader

What about the opposite system : Trading the Major Pair and USDJPY based on the Yen Cross. So if GBPJPY is trending UP, buy both GBPUSD and USDJPY, wouldn't that be safer ?

Yen Trader

These questions and MANY others need to be answered before we have a good system. We are just starting!

Yen Trader

2 Scenarios : 1. GBPUSD trends UP first, and then followed by USDJPY. 2. USDJPY trends UP first, and then followed by GBPUSD. Which is better for GBPJPY ? In which scenario GBPJPY will trend UP longer ?

Yen Trader

So why GBPJPY trend UP ? 1. GBP is stronger than JPY. 2. USD is stronger than JPY, and USD is weaker than GBP.

Yen Trader

No problem, this can be an option to be enabled/disabled. Currently you can set Max Order to 1, and you're done. The EA was ONLY made to test the system, NOT to TRADE it. Trading the system using an EA will come later when system profitability is ...

Yen Trader

Let us think for a while : Why JPY crosses trend in a specific direction ? why they range for a while? and when do they reverse ? This is the key to the Yen Trader system!

Yen Trader

Yes thodie, Adding a filter on the traded pair should be tested, using standard deviation maybe.

Yen Trader

The initial idea was to not use a stop loss or take profit, and close the position when signal pairs are out of sync. However I found it better to have a stop loss and a trailing stop, and allow for trades to open in both directions when signaled, ...

Yen Trader

GBP JPY

Yen Trader