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Trading Multiple Currencies from a Single Chart

I’ve been doing some programming recently that involved trading multiple currency pairs from a single EA. It’s pretty impressive to be able to bang your EA on a chart and see it initiate trades on a totally different pair.

Couple that with the fact you can trade as many or as few pairs as you want and perhaps you can start to see the power of such an EA. I had one monitoring 28 pairs at one time and it was able to open up trades successfully on ALL of them!

Now obviously just because you have an EA that will trade on multiple currencies it doesn’t automatically mean you’re going to make tons of cash. It will still depend on the strength of your system. What it does offer you however is the opportunity to trade many pairs with a single set of settings and see which, if any, pairs perform the best.

If you had 2/3 installations of MT4 sitting on a VPS you could try different settings on each and see which combination of settings and currencies performs the best. If you happen to be one of the lucky few that has a fast and reliable Internet connection you don’t even need a VPS. I, unfortunately, am not one of those particular lucky folk so I’ve got myself .

It’s best to place such an EA on a currency pair that you can be sure is going to have a lot of movement because obviously that’s what causes the EA to cycle through it’s functionality. I found GBPJPY was more than adequate and meant you didn’t miss too many moves on any other currency.

Another cool thing you can do along the same lines is log data from numerous currencies to csv for latter use in a program like excel or similar. You can then look at the data and try to identify trends and patterns that in turn may enable you to find a more profitable strategy.

Well I hope that’s given you some food for thought and set your mind buzzing. If you have a strategy that would benefit from trading multiple pairs then feel free to and I’ll be happy to give you a quote.

Have fun!

Steve

Category: MQL Programming

About the Author (Author Profile)

Steve Fleming has been a professional programmer and Internet professional for over 15 years. AutomatedTradingSoftware.com is a way to empower the non-programmers and offers a FREE 5 day E-course showing how to build an EA (expert advisor). Steve also offers his mql programming services at very competitive rates and has programmed many, many strategies both for himself and his ever growing list of satisfied clients.

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