Also another thing, how many pips must one pair move in order to call it 'off' correlation?
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DislikedMaybe one thing... I think on IBFX your mini account symbol is GBPUSDm.... would that make a difference?? I use FXDD, and the symbols are just GBPUSD format, and the indicator works fine....
As to how much "un-correlation" to trade... it's dependent on the time frame and the pair's history. Look back at a given setup, at your chosen time frame and see how far apart they get, and go from there. Be sure to set a MaxLoss as well, or you could get hurt REALLY bad if they go out of correlation hundreds of pips, which can and DOES happen. But then, they will "re-correlate" and you can trade again at the new equilibrium. The key is to limit your loss, get out at a reasonable level, and wait for the market to re-establish itself..
With Chart below, I used a 15m time frame. Don't know if this was a good Delta or not, I don't trade the 15m... but going back on the chart with the indicator will give you an idea. So just for the example part, The left red line is the point in time at the candle close you have a Delta of 13 pips. (Sounds too low to me, but for the example...) at 01:45. You would have sold the GU at 9927 and Bought the EU at 5748. (Points 1 and 2) Then, the lines cross (or zero) at sometime just before 02:45 (right red line, Point 3). (If you were watching this in realtime, you would see when they touch and could close your positions just then, but since we are looking back, I will use the close values of the 0245 candle.)
So, close at GU= 9926, for a 1p profit... and the EU at 5760 for a 12p profit, total of 13 pips LESS your TWO spreads... so not many pips profit, but you get the idea.
Shorter time frames yield smaller gains, but you would have smaller MaxLoss risk as well, and could possibly trade more often.
the 1 hr time frame shoots for maybe a 90p delta, making about 90p in profit, but running a MaxLoss of 150 or so... (allowing for a total of 240p of un-correlation... )...
Sort of how I look at it...Ignored
DislikedIf that is the OverlayChart-Point indicator, I've noticed that it repaints.
As the chart progresses in real time, the past overlay shifts up or down.
You can't look at past history on the chart and determine anything. When what you are looking at was current, it may have been aligned totally differently.
It's easy to see it repainting if you put it on a 1M TF.Ignored
DislikedGood point!! and Yes, is is a "repainter"... but from what I have seen, not significant for how I use it... Pretty much, I just want to know the past 30 days, how far apart, on the hourly, plus or minus 10pips.. Do they get 50, 100, 150p apart? How many times? stuff like that. Pretty much just to get a "feel" for price action movement....
I'll have to check that starting date idea?? Is that a setting in the indicator, or a revision you made to the code??Ignored
DislikedMost of people waste all account trading one pair
Or you have super system?Ignored
DislikedIf you think this hedge is any safer than trading a single pair, you are deluding yourself.Ignored
DislikedAs you sad it's not a system. There is no particular rules. I try to use it different ways by now, and maybe i'll get some iteresting results. Who knows...
What is you favorite system at this moment? I'll be glad to knowIgnored
DislikedI use a daily system- have been for a few years. It's a commercial system and I can't post it. It's been in a drawdown for a few weeks and just took off again a few days ago.Ignored