I gang

MT4 programming/EA - open to bidding

Hi,

I'm wondering if you'd be interested in programming an MT4 EA for me.

I think It should be fairly simple to code.

Here's the idea:

It is for the EUR/GBP, and the premise is not based on an indicator, but *potential* inefficiencies in the pricing of a cross pair.

Knowing that the EUR/GBP is a cross pair, with the major pairs being the EUR/USD and the GBP/USD. My theory is the EUR/GBP should always be the ratio of the two major pairs.

Mathematically, the EUR/GBP should equal EUR/USD divided by GBP/USD.

For eaxample:

EUR/USD = [url removed, login to view]

GBP/USD = [url removed, login to view]

Therefore, the EUR/GBP should equal [url removed, login to view] = [url removed, login to view]

I'm wondering if there are times when the EUR/GBP and (EUR/USD)/(GBP/USD) don't exactly equal each other - if even for a very brief moment or longer.

I believe the EUR/GBP will always *want* to be that perfect ratio (because the forces driving the pricing (volume of the two majors) would be so much greater than the forces driving the value of the cross pair), so if the value is off by a few pips, would this be an opportunity to pick up a few pips every time the numbers didn't "match" properly.

In the example above, let's say the EUR/GBP *should* be [url removed, login to view] according to the math. However the actual value is 0.8124. This would be an opportunity to pick up a few pips every time this happens.

In trying to see if this idea is even legitimate, I've downloaded the tick data from DukasCopy for the 3 pairs. My plan was to import them into Excel and graph the ratio vs actual and see if this theory has any merit.

However, the tick data timestamps aren't consistent across the pairs. For example, at time 12:00:003 i have data for EUR/USD, and at 12:00:254 I have data for GBP/USD, and so on.

So I can't truly evaluate the math tick by tick - at least I don't think i can. You may have some insight to offer in this point...

If an EA were to be written, I think it would simply divide EUR/USD by GBP/USD to calculate the expected EUR/GBP. It would then compare the expected to actual value to EUR/GBP. If there were a variance, it would enter a trade either long or short based on what the value should be (based on the calculations).

So first of all, do you even think this could be a valid strategy? Secondly, could you write an EA that would be able to execute the strategy?

I have no idea how we could even backtest such an EA, since it would need the value of 3 currency pairs at once - I'm not sure of the backtester in MT4 can do that.

Lastly, I was considering this strategy for the EUR/CHF as well. The exact same principles as above, but using the USD/CHF in place of the GBP/USD.

I'd love to hear your thoughts regarding the strategy, and if you are interested in programming this.

Thanks so much,

John Borrow

Færdigheder: C++ Programmering, Metahandel

Se mere: trade pricing, programming theory, programming graph, principles programming, pair programming, math programming, in programming, write programming excel, graph theory example, graph programming, d programming, borrow me, m programming, variance, short theory, mt4 ea, merit, math excel, majors, backtest, mt4 open trade example, love match, dukascopy strategy, mt4 open, using excel mt4

Om arbejdsgiveren:
( 3 bedømmelser ) Cornelia, United States

Projekt-ID: #6050773

Tildelt til:

rsmusthafa

Hello, Your strategy is really good, but i would like to suggest few things as i've tried this strategy 2yrs before as i've worked some math calculations. I've been awarded as "Junior Mathematician" for the year 201 Mere

$55 USD / time
(0 bedømmelser)
0.0

10 freelancere byder i gennemsnit $36/time for dette job

iadip

Greetings, my name Irwin. I am Specialize on MT4 strategy implementation programming since 2008 with more than 170 projects/reviews mark 5 stars just programming MT4/MQ4 software in this website.(Please check my profil Mere

$40 USD / time
(183 bedømmelser)
6.9
matharpa

Hi, I am expert in making EA and CI for MT4. Check out my website : www.MT4DEVeloper.com Here is also my link in odesk: http://www.odesk.com/users/Net-SQL-MQL4-Developer_~~a3e6d449ed3957da You can also se Mere

$31 USD / time
(144 bedømmelser)
6.3
PriceAction

The discrepancy you are seeing from time to time are because of the bid ask prices . There is no real eurgbp cross , it is created by the broker using the mathematical formula you described above . Many before have tau Mere

$41 USD / time
(49 bedømmelser)
6.1
JackRh

Hello, I read the description and I am interesting and willing to perform the task. I am fully understand what you are after, and I have just made a quick test to see whether such a strategy can works properly in Mere

$31 USD / time
(79 bedømmelser)
5.8
pitpiter

Hello. My name is Peter. I'm professional IT engineer. I've been working on Forex for the last 6 years. I'm very well familiar with MT platform and MQL, can provide you with codes which were written by me. I read th Mere

$27 USD / time
(64 bedømmelser)
5.6
masterinvestasi

Hello Mr Borrow I am an experienced metatrader programmer, I have experience more than 10 years, I have created thousands of EAs and Indicators, trust me I can do it for you, if you have any question you can discuss Mere

$30 USD / time
(30 bedømmelser)
4.6
swetaxi

Hi Sir, I am ready to work for you.I have 4 years of experience in .C/C++ , .net. and, MySQL etc.. please see some of my works also check my reviews you will get better idea about my skill.I deliver quality work withi Mere

$35 USD / time
(0 bedømmelser)
0.0
vivi1990

I can do your project perfectly. Please call me for more discussion. I'll never disappoint you. Thanks.

$41 USD / time
(0 bedømmelser)
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RoboTradingFx

Hi John We can help you test your idea. Unfortunately I must tell you it won't work because those gains (while they exist) are negligible compared with spread or commissions. You can think this way, if it was po Mere

$30 USD / time
(0 bedømmelser)
0.0