Hi everyone,
I’ve recently created quite powerful indicator using Hitrader website community and want to share it.
The idea is to use a portfolio of successful traders to determine a moment when to trade EURUSD. Every time if someone has EURUSD or any EUR cross long position we assign +1 to this trader and -1 in case of short one. Then we sum these numbers (50 traders) to get EURUSD Index. If it’s more than +20 we hold EURUSD long next day (one daily bar), less than -20 short. Please have a look at the attached figure. There was long on April 9, April 11, April 16, April 22, April 25 and April 30; short on April 23. So far the performance looks very good. No doubt it’s just six weeks but I’m planning on getting more statistics and see how it works 
Cheers. Mark
[QUOTE=“MarkBraun;488793”]Hi everyone,
I’ve recently created quite powerful indicator using Hitrader website community and want to share it.
The idea is to use a portfolio of successful traders to determine a moment when to trade EURUSD. Every time if someone has EURUSD or any EUR cross long position we assign +1 to this trader and -1 in case of short one. Then we sum these numbers (50 traders) to get EURUSD Index. If it’s more than +20 we hold EURUSD long next day (one daily bar), less than -20 short. Please have a look at the attached figure. There was long on April 9, April 11, April 16, April 22, April 25 and April 30; short on April 23. So far the performance looks very good. No doubt it’s just six weeks but I’m planning on getting more statistics and see how it works 
Cheers. Mark[/QUOTE]
So who determines who the “successful” traders are that the indicators follow… And what metric is used to define “successful”?
I simply selected them basing on the ranking system (mainly by ROI&drawdown).
So far the performance is:
April 9 +62 pips,
April 11 +39 pips;
April 16 +131 pips,
April 22 -21 pips;
April 23 +62 pips;
April 25 -3 pips,
April 30 +74 pips; total +344 pips.
EURUSD Index for today’s close (14.05) is +21, so we hold long EURUSD next daily bar (15.05).
Result for 15.05 -51 pips, today’s EURUSD Index value is -31, we hold short from 1.2880 for one daily bar (16.05).
Result for 16.05 -3 pips, today’s EURUSD Index value is -37, we hold short from 1.2883 for one daily bar (17.05)
Result for 17.05 +45 pips, so far we have got +335 pips:
April 9 +62 pips,
April 11 +39 pips;
April 16 +131 pips,
April 22 -21 pips;
April 23 +62 pips;
April 25 -3 pips,
April 30 +74 pips,
May 15 -51 pips,
May 16 -3 pips,
May 17 +45 pips.
Today’s EURUSD Index value is -22, we hold short from 1.2852 for one daily bar (23.05).
Result for 23.05 -78pips. Today’s EURUSD Index value is -29, we hold short from 1.2930 for one daily bar (24.05).
Current result:
April 9 +62 pips,
April 11 +39 pips;
April 16 +131 pips,
April 22 -21 pips;
April 23 +62 pips;
April 25 -3 pips,
April 30 +74 pips,
May 15 -51 pips,
May 16 -3 pips,
May 17 +45 pips,
May 23 -78 pips,
May 24 0 pips,
EURUSD Index for today’s close (28.05) is -40, so we hold short EURUSD from 1.2852 next daily bar (29.05).
Result for 29.05 -90 pips.
Friday’s close shown +23 for EURUSD Index, we hold long from 1.2991 today (3.06).
Current result:
April 9 +62 pips,
April 11 +39 pips;
April 16 +131 pips,
April 22 -21 pips;
April 23 +62 pips;
April 25 -3 pips,
April 30 +74 pips,
May 15 -51 pips,
May 16 -3 pips,
May 17 +45 pips,
May 23 -78 pips,
May 24 0 pips,
May 29 -90 pips,
Jun 3 +82 pips.
Friday’s close shown +27 for EURUSD Index, we hold long from 1.3203 today (10.06).
Current result:
April 9 +62 pips,
April 11 +39 pips;
April 16 +131 pips,
April 22 -21 pips;
April 23 +62 pips;
April 25 -3 pips,
April 30 +74 pips,
May 15 -51 pips,
May 16 -3 pips,
May 17 +45 pips,
May 23 -78 pips,
May 24 0 pips,
May 29 -90 pips,
Jun 3 +82 pips,
Jun 10 +53 pips.
EURUSD Index for today’s close (13.06) is -44, so we hold short EURUSD from 1.3372 next daily bar (14.06).
Current result:
April 9 +62 pips,
April 11 +39 pips;
April 16 +131 pips,
April 22 -21 pips;
April 23 +62 pips;
April 25 -3 pips,
April 30 +74 pips,
May 15 -51 pips,
May 16 -3 pips,
May 17 +45 pips,
May 23 -78 pips,
May 24 0 pips,
May 29 -90 pips,
Jun 3 +82 pips,
Jun 10 +53 pips,
Jun 14 +27 pips.
Friday’s close shown -37 for EURUSD Index, we hold short from 1.3348 today (17.06).
