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EA for multiple timeframes and pairs?

Trading Systems @ Forex Factory - www.forexfactory.com
Hi all!

I have a question about using an EA on multiple timeframes and multiple currency pairs. I have been developing and testing an EA for a while now, and it seems to work quite well on pretty much all currency pairs and also on three different timeframes that I’m interested on. EA is now made to work just on a one pair and one TF, so I have been optimizing & live testing it separately on every chart. But, since it’s method is quite strict, it trades quite rarely. And because of this, I would like to use it with all 28 pairs I’m using, and with 3 different TF’s for every pair, that is 84 charts in common. And of course it is not so easy to manage 84 different charts in MT4…

So my question is; how would you solve this problem? Would you develop an EA that opens trades on multiple pairs, on multiple time frames, or even both of them (= 1 EA instance for all 84 pairs)??

Pros/cons I can see for these options are:

EA that trades on all timeframes, but just for one pair:

– Still 24 charts open

– Every pair should still be optimized separately

+ I can still visually check from a chart if the trade was taken on a right time, same indicators can be seen on all TF’s on a chart

EA that trades on all pairs, but just on one timeframe:

+ Only 3 charts open, one for every TF

+ Optimization could be done for all pairs at once

– Trades cannot be visually confirmed from a chart (or they can, but only for the pair that EA is attached on) -> quite a big risk for errors

EA that trades on all pairs and all timeframes:

+ Just one chart open, easy to manage

+ Optimization could be done for all pairs and all timeframes at once (if wanted)

- Trades cannot be visually confirmed at all from a chart (or they can, but only for the pair &TF that EA is attached on) -> quite a big risk for errors

Any comments?
Date: Jan 22, 2015   


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