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DislikedI am not telling you not to do so. Just so you know the risks and what can you expect one day and why... good luck!Ignored
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DislikedHey jm1941 and markfx,
Earlier you guys mentioned a chart setup where you "zeroed out" the overlaid pairs at some low volatility time. How are you doing that mechanically? i.e. is it using the dailyfx charts or are you doing it on MT4?
I'm using a custom indicator that lets you throw up 2 pairs and invert one if it's negatively correlated. I was thinking along the same lines y'all were with regard to a zero-out starting point. But I'm not seeing how to do this with my setup.Ignored
DislikedWhat I am doing is taking Pair 1 and subtracting the weekly (or daily) open, then taking Pair 2 and doing the same. That will zero them out and you can track their progression from there. I was zeroing daily but now it looks like weekly would be a better bet.
I have phase 1 of my indicator done and ready, but it was too late last night to post it with instructions etc, so I'm planning to do that tonite.Ignored
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This is just to show that trading EURUSD vs. USDCHF you are not hedging anything, you trade EURCHF...Ignored
DislikedHey jm1941 and markfx,
Earlier you guys mentioned a chart setup where you "zeroed out" the overlaid pairs at some low volatility time. How are you doing that mechanically? i.e. is it using the dailyfx charts or are you doing it on MT4?
I'm using a custom indicator that lets you throw up 2 pairs and invert one if it's negatively correlated. I was thinking along the same lines y'all were with regard to a zero-out starting point. But I'm not seeing how to do this with my setup.Ignored