EURUSD Index

MarkBraun

Junior member
27 0
Hi everyone,

I've recently created quite powerful indicator using Hitrader website community and want to share it.
The idea is to use a portfolio of successful traders to determine a moment when to trade EURUSD. Every time if someone has EURUSD or any EUR cross long position we assign +1 to this trader and -1 in case of short one. Then we sum these numbers (50 traders) to get EURUSD Index. If it’s more than +20 we hold EURUSD long next day (one daily bar), less than -20 short. Please have a look at the attached figure. There was long on April 9, April 11, April 16, April 22, April 25 and April 30; short on April 23. So far the performance looks very good. No doubt it's just six weeks but I'm planning on getting more statistics and see how it works :)

Cheers. Mark
 

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MarkBraun

Junior member
27 0
So far the performance is:
April 9 +62 pips,
April 11 +39 pips;
April 16 +131 pips,
April 22 -21 pips;
April 23 +62 pips;
April 25 -3 pips,
April 30 +74 pips; total +344 pips.
 

Lord Flasheart

Legendary member
9,796 975
interesting concept. My concern would be that if 90% of traders lose,in time what you are doing would only work with serious disciplined traders. Where will you find 50 of those
 

MarkBraun

Junior member
27 0
interesting concept. My concern would be that if 90% of traders lose,in time what you are doing would only work with serious disciplined traders. Where will you find 50 of those

I selected for my portfolio Hitrader community traders which performance are good enough, so lets see how it works :)
 

MarkBraun

Junior member
27 0
EURUSD Index for today's close (14.05) is +21, so we hold long EURUSD next daily bar (15.05).
 

counter_violent

Legendary member
10,651 2,829
EURUSD Index for today's close (14.05) is +21, so we hold long EURUSD next daily bar (15.05).

Can you pop the EURUSD price at time of call so we can mark the charts thanks.
Even better, post up the marked chart.

I think this indy could have great value.
ie do the exact opposite.:)
 

MarkBraun

Junior member
27 0
Can you pop the EURUSD price at time of call so we can mark the charts thanks.
Even better, post up the marked chart.

I think this indy could have great value.
ie do the exact opposite.:)

No problem :) Result for 15.05 -51 pips, today's EURUSD Index value is -31, we hold short from 1.2880 for one daily bar (16.05).
 

MarkBraun

Junior member
27 0
Result for 16.05 -3 pips, today's EURUSD Index value is -37, we hold short from 1.2883 for one daily bar (17.05)
 

MarkBraun

Junior member
27 0
Result for 17.05 +45 pips, so far we have got +335 pips:
April 9 +62 pips,
April 11 +39 pips;
April 16 +131 pips,
April 22 -21 pips;
April 23 +62 pips;
April 25 -3 pips,
April 30 +74 pips,
May 15 -51 pips,
May 16 -3 pips,
May 17 +45 pips.
 

burdianex

Junior member
19 0
Wow. Why is the EUR/USD weakening so much?
 

Toyinster

Newbie
2 0
A couple of questions:
What happened to the performance from from May 1 to May 14?
Why do you hold the for entire day?

Personally I think if you actually traded this strategy you will have big drawdowns like May 15 when trend changes and the traders you are following switch their positions or exit the market intra day.
 

MarkBraun

Junior member
27 0
A couple of questions:
What happened to the performance from from May 1 to May 14?
Why do you hold the for entire day?

Personally I think if you actually traded this strategy you will have big drawdowns like May 15 when trend changes and the traders you are following switch their positions or exit the market intra day.


There were no trading situations from May 1 to May 14 - EURUSD Index values were within -19 to +19 which was not enough to trade. It is a daily based system, so we trade daily bars basing on daily close information only.
 

Rambo35

Active member
227 6
There were no trading situations from May 1 to May 14 - EURUSD Index values were within -19 to +19 which was not enough to trade. It is a daily based system, so we trade daily bars basing on daily close information only.

I have to disagree with your statement that there were no good trades in this currency during the time you specified. I assume you meant with your system? On the other hand you stated it is derived from several expert traders and I refuse to accept that a number of expert traders did not see a trading opportunity in the EURUSD for 14 days.
 

MarkBraun

Junior member
27 0
I have to disagree with your statement that there were no good trades in this currency during the time you specified. I assume you meant with your system? On the other hand you stated it is derived from several expert traders and I refuse to accept that a number of expert traders did not see a trading opportunity in the EURUSD for 14 days.
Please check the methodology of EURUSD Index, we trade if traders have 20 more longs then shorts /20 more shorts then longs. We just had no situations like these for two weeks. Nothing wrong with it.
 

Rambo35

Active member
227 6
Please check the methodology of EURUSD Index, we trade if traders have 20 more longs then shorts /20 more shorts then longs. We just had no situations like these for two weeks. Nothing wrong with it.

As long as any strategy works for you there is nothing wrong with that.
 
 
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