I use the current automated 4 in 1 Stochastic strategy from FXCM. However there are two modifications I feel this strategy requires.
1. A simple Margin Care addition to the parameters. Dont think this needs any explanation.
2. The second is a little bit more elaborate at im not even sure if its possible in LUA or i may have to look to PYTHON down the line, but here it is anyway...
I need the ability to open multiple positions across multiple time frames on a single currency pair in both long and short positions. The problem is I have optimised strategies on the 2,3,4,6,8 hr time frames. If all the stochastics are above the overbought level and the 2h creates a signal it will open the position. Howere the next signal on the 3,4,6 time frame will not trigger in the next hour/s because there is already a position open for that pair in that direction or any direction for that matter.
As a result I have to manually open these positions. When these posistions have to be opened by me I loose the ability to take advantage of Close and Reverse on opposite signal. It is likely the 2h will hit target by the time the 8h signal comes around so it will open the 8hr signal. However becasuse by this point the 2hr might be about to signal in the opposite direction i have found the 8hr will open, only to be closed several hours later by the 2hr triggering the Close and Reverse trading rule. As a result I will have to take the losses on the 8hour if it has any or minimal profits. The idea i have is a simple "Isolate Rule" box of sorts that trades the strategy independant of any other strategies currently active.
I am aware deselecting Close and Reverse might solve part of my problem however it is best to leave it in the strategy for the purpose of optimization and just general good practice.
The use of an isolate button would mean that both long and short positions could be held on a single pair.
Any questions or thoughts would me much appreciated. As This strategy is currently a PAID one in the app store I am not sure if this modification would qualify for free to the community but if it does all the better. Otherwise I would be happy to pay.