eagles wrote:Here is an attempt to create a Metatrader indicator, based on Michal's work.
Thanks to Michal for working on this idea, and providing the information!
This implementation will only handle 3 symbol sets.
Enter the 3 Symbols as inputs.
Enter Long or Short as appropriate for each symbol.
Enter the SignalLen as an integer value -- This indicator draws a moving average of the FPI indicator -- This was an attempt to look for a trading signal.
This indicator plots the FPI as a histogram, rather than a line as in Michal's work.
The value of the indicator is (FPI-1), so the histogram oscillates around zero, rather than 1 as in Michal's work.
The indicator adjusts automatically for a regular or mini account, so you don't need to enter the symbols with the 'm' for mini accounts.
Regards,
Jack
FPI - Fractional Product Inefficiency: The Impeccable Hedge
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Wher can i get this code?
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Re: FPI indicator for MetaTrader
[quote="davidf"]Hi,
I recreated my indicator FPI for calculation with BID BID ASK price. See code below:
Hi David
Please some advice. I copy and paste your indicator in my Alpari Mt4 metalanguage editor but is not working. Is an indicator or an expert? I compiled (no errors) the indicator and check its location on the right carpet but still not working.
I don´t know what´s wrong. Thanks for your time
Traga
I recreated my indicator FPI for calculation with BID BID ASK price. See code below:
Hi David
Please some advice. I copy and paste your indicator in my Alpari Mt4 metalanguage editor but is not working. Is an indicator or an expert? I compiled (no errors) the indicator and check its location on the right carpet but still not working.
I don´t know what´s wrong. Thanks for your time
Traga
Hi Traga,
it is only indicator, you have to datafeed for eur/usd/chf bid/ ask price.
Indicator can be working on any one form three charts (EUR/USD USD/CHF EUR/CHF).
I testet and created indicator in MT4 from IBFX. And because it is calculated from ask ask bid then the mean is on c. 1,0002 level insterad of 1 level. By due to spread. And simillary bid, bid ask is on c. 0.9998.
DavidF
it is only indicator, you have to datafeed for eur/usd/chf bid/ ask price.
Indicator can be working on any one form three charts (EUR/USD USD/CHF EUR/CHF).
I testet and created indicator in MT4 from IBFX. And because it is calculated from ask ask bid then the mean is on c. 1,0002 level insterad of 1 level. By due to spread. And simillary bid, bid ask is on c. 0.9998.
DavidF
- eagles
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Attached is an updated version of the FPI-3 symbol indicator.
This version adjusts uses bid price for long symbols & ask prices for short symbols.
I also changed back to a line presentation which oscillates around 1 as the central value. I dropped the signal line as it didn't seem to help much.
I expect to get to the 4 symbol version soon.
Have fun...
This version adjusts uses bid price for long symbols & ask prices for short symbols.
I also changed back to a line presentation which oscillates around 1 as the central value. I dropped the signal line as it didn't seem to help much.
I expect to get to the 4 symbol version soon.
Have fun...
- Attachments
-
- FPI-3 v1.0.zip
- included mq4 & ex4 files
- (4.97 KiB) Downloaded 866 times
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- eagles
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Michal,
Can you provide a text file of the FPI rings for those of us who don't have NeoTicker?
Also, while not exhaustive, I have not been able to find a positive swap situation when the lot sizes are adjusted as discussed in the thread.
It may be a broker thing (IBFX), or not. Has swap worked favorably at Oanda?
Thanks.
Can you provide a text file of the FPI rings for those of us who don't have NeoTicker?
Also, while not exhaustive, I have not been able to find a positive swap situation when the lot sizes are adjusted as discussed in the thread.
It may be a broker thing (IBFX), or not. Has swap worked favorably at Oanda?
Thanks.
- Nicholishen
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Ive been up all night working on this strategy. This is exciting stuff! Thanks to Michal and everyone else supporting this project.
Id like to address the issue of hedging using the FPI indicator. There is a definite way to approach it that will result in profitability, meaning there is only one right way to determine whether or not to buysellsell or sellbuybuy. The first step of the algorithm is to determine the “Alpha Pair” of the FPI ring. The alpha is simply the oddball. Eg. In the buysellsell sequence it is the buy.
When its time to trade that sweet spike, place the trade on the alpha -opposite of the direction you are speculating the FPI to move.
AUDUSD EURAUD EURUSD
0.7614 1.6654 0.7876497 0.998768
AUDUSD EURAUD EURUSD
0.7614 1.6694 0.7876497 1.001167
Id like to address the issue of hedging using the FPI indicator. There is a definite way to approach it that will result in profitability, meaning there is only one right way to determine whether or not to buysellsell or sellbuybuy. The first step of the algorithm is to determine the “Alpha Pair” of the FPI ring. The alpha is simply the oddball. Eg. In the buysellsell sequence it is the buy.
When its time to trade that sweet spike, place the trade on the alpha -opposite of the direction you are speculating the FPI to move.
AUDUSD EURAUD EURUSD
0.7614 1.6654 0.7876497 0.998768
AUDUSD EURAUD EURUSD
0.7614 1.6694 0.7876497 1.001167
- Gert Frobe
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FPI-Indicator
Eagles,
Thank you very much for the indicator. I set the indicator on EURGBP [15 MIN] But it's showing the values less than 1 on the bottom and top. Please see the screen-shot. Can you please explain how to translate the indicator to enter trade(s)?
Thanks in advance
Deepleo
Thank you very much for the indicator. I set the indicator on EURGBP [15 MIN] But it's showing the values less than 1 on the bottom and top. Please see the screen-shot. Can you please explain how to translate the indicator to enter trade(s)?
Thanks in advance
Deepleo
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Re: FPI-Indicator
deepleo wrote:Eagles,
Thank you very much for the indicator. I set the indicator on EURGBP [15 MIN] But it's showing the values less than 1 on the bottom and top.
Deepleo,
are you calculating the product out of the correct Bid or Ask sides of the FX symbols in the ring?
Also, there will be slightly different FPI if you switch the inner ring direction (Buy/SellShort/SellShort to SellShort/Buy/Buy).
Michal
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