Forex-Pin™ EA Automated Forex Trading using Speculative Sentiment Index (SSI).
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What is SSI?
The Speculative Sentiment Indicator (SSI) is a powerful contrarian indicator that can help you locate trading opportunities by gauging trader positioning and sentiment in the forex market. If the majority of traders are long, a contrarian indicator bias is short and will favour a position that is opposite to the crowd.
The SSI indicator shows whether overall orders are net long or short and by how much positioning is skewed to one side of the market. If there are more orders long than short, the ratio is positive and the bias is to sell. For example, if the EUR/USD SSI Ratio is 2.0, this means that there are 2 orders long for every short.
If the number is negative, then there are more short orders than long and the bias is to buy. For example, if the EUR/USD SSI Ratio is -1.5, this means that there are 1.5 orders short for every long. ©FXCM
Detailed information about SSI here.
Forex-Pin™ Speculative Sentiment Index (SSI) EA
After having several stage-tests completed, we will publish a verified Myfxbook demo account. Afterwards the Forex-Pin™ Speculative Sentiment Index (SSI) EA will be setup on a live account.
We want to be as transparent as possible, therefore you can watch the final development of the EA via verified trading results and status updates below.
Mon 01 July 2019 – Demo
Official Beta Test of Forex-Pin™ Speculative Sentiment Index (SSI) EA Version 1.071 on Myfxbook verified demo account.
Update Wed 10 July 2019
Implementing a rule to fix swap fee issue.
It should be avoided to carry trades for more than 1-2 days due to broker swap fees.
✔ PROBLEM SOLVED. Bug-fix rollout with next Beta release.
Update Thu 18 July 2019
Fixing “trading of false signals”
As of the moment the EA sometimes open position in the opposite direction of the trend. This will be solved by reading the orderbook of several brokers. It is absolutely important to get valid data on trading positions and open orders of other traders to determine what the crowd is doing, this will make the SSI process more stable. By fixing this problem, drawdown is reduced to a minimum.
✔ PROBLEM SOLVED. Bug-fix rollout with the final version in September.
Final version of the Forex-PIN™ SSI EA is live!
Waiting-List Forex-Pin™ EA
You want to know when the Forex-Pin™ Speculative Sentiment Index (SSI) EA will be launched? Simply subscribe to the waiting-list below.