Introducing My VS_EURGBP

Personally I have tried several method to scalp this pair, but the end I realize that the most working idea is just the trading time. I just use 20 period WPR to trigger the entry and make sure the distance between current price and MA (50) is not less then N + Spread where N can be our minimum target. Of course in fact our trade could be placed higher/lower because it must executed while WPR showing Overbought/Oversold value.
The last filter is 50 Period CK_Speed indicator,same period with MA. You can test to use any other indicator, but may be you can start without using any indicator, and show the result.

Here are the list of external variables that EA use, mostly it has the same variables with EUROCROSS Version, except the list below:

To protect us going to deep hole we can tell the EA to stop working and close any open position
extern int NumberOfLoss =2;
extern bool TradeAfterLoss=false;
extern bool CloseAllPositionAfterLoss=true;

extern bool Turbo=falseThis is usefull if you set your MaxTradePerPosition = 4.
extern bool ContinuesTrade=false Not repeating same trade that make a loss.

extern int MaDinstance=2; Try Optimize this value

Mostly the list variable below is working if MaxTradePerPosition is 4
extern int AveragingStyle=0;
extern int SpreadMultiplyer=1;
extern int FixedAveraging=6;
extern int AtrPeriod=5;

VS_EURGBP DONE

I am not really sure you are interesting with this version. There are a lot of popular EA that scalp this pair at Asian session. And the most probably reason, that spread in this pair is higher during Asian session.
Actually if you see my MT4 stat, I am not using VS_EUROCROSS to trade EURGBP. It my uncomplete VS_EURGBP execute that trades.
But seem I stil need for a week to build the Activex, perhaps it will be available at the same time with VS_EUROCROS expiration update.

VS_EURGBP 90% COMPLETE

There is a different between this version and previous one. I decide to design this version for working on 5 Minutes time frame. There is a promising back testing result using spread 3, and perhaps until 5. Actually I want to apply correlation indicator, and see the difference. But it needs synchronizing 3 historical pair’s data at the same time. And it makes slower back testing. And even last time I try to download GBPUSD historical data at Alpari server, it’s unavailable. I hope this version available this month, it still need some exit strategies and may be a filter for better improvements.

Scalping EURGBP Pair

My Current Work on EURGBP using 5 spread
May be this pair is trader’s favors to scalp, especially after Automatic Trading Championship 2008 is over; where there are two EA take the second and third place trade this pair. An amazing result of both two EA can turn up 1000% their account at the end of championship.
After that all broker that use MT4 platform raise their spread for EURGBP pair. And since then almost All EA that trade this pair becomes a looser. In my opinion, while it’s still in high volatility, then we still can make money from this pair. If you have any EA that work on this pair at Asian Session, then do a back test from October 2008- till December 2008. You will find the positive result even at 5 spread. But of course you will get a worst result if you test it below 2008 year, where the EURGBP volatility is low. It can raise a question who likes to scalp in low volatility.
Spread Difference
This is may a funny idea that could help such EA to work under 5 spread. Rather to protect EA not to trade at 5 spread or more that possible not work anymore, we can give a delay for spread difference after our signal was triggered. For example if our EA has a 5 pips target, each time our signal is triggered, than we must wait the price move as much spread difference before executing an order. However this technique only easy on back test environment. But by doing this delay technique in back test, we can measure our signal performance. You will find a lot of winning trades that executed under normal spread, will miss in this new rule. And know running back test again. Now see how much winning trade are left.

int start(){
Double oldspread=3;
Double currentspread=5;
Double diffspread=currentspread-oldspread;
//sell on rsi overbought
If(rsilast < 70 && rsicurrent >=70 && !Waitingforsell) {
Waitingforsell=true;//global variabel
normalprice=bid; //global variabel
}
//cancel waiting if rsi get out from overbought threshold.
If(rsilast > 70 && rsicurrent <70 && Waitingforsell) {
Waitingforsell=false;
normalprice=0;
}
//Time to execute the trade
If(waitingforsell){
If(rsicurrent >=70 && bid >= normalprice+diffspread*point){
Tiket=OrderSend....
If(Tiket>0){
Waitingforsell=false;
Normalprice=0;
}
}
}

}