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DislikedThis is a simple and relatively safe system, which is what makes it an overall attractive strategy, BUT it isn't the most profitable one if you know really how to trade forex. The reason is because of the time involved. A good trader who knows how to read s/r, pivots, trend lines & channels, and manage money can make more in a day trading straight up than waiting for correlated pairs to meet. Sure the straight up trader will lose some trades, but in this strategy one of your pairs usually ends up negative also.
Now with all that said,...Ignored
DislikedThis is a simple and relatively safe system, which is what makes it an overall attractive strategy, BUT it isn't the most profitable one if you know really how to trade forex. The reason is because of the time involved. A good trader who knows how to read s/r, pivots, trend lines & channels, and manage money can make more in a day trading straight up than waiting for correlated pairs to meet. Sure the straight up trader will lose some trades, but in this strategy one of your pairs usually ends up negative also.
Now with all that said,...Ignored
Dislikeddear all,
i have read most posts in this thread, and tried "overlaychart" on my mt4 platform....Ignored
Dislikeddear all,
i have read most posts in this thread, and tried "overlaychart" on my mt4 platform. there is a repainting problem. that means there is no single standard for "one currency higher than another one".Ignored
DislikedWhile I trade with this strategy, with the same rules as posted in the 1st post of this thread, I see a lot of discussion going on - sorry for being such a lazy person and not reading the whole stuff, but - have you found anything worth added to the rules in the 1st post?Ignored
DislikedWhat do you think about opening trades in friday and leaving them opened over the weekend?Ignored
DislikedOk like I promised yesterday here is a list of positive correlated pairs from mataf.
The correlation goes from around 60 % up to 100%.For example the trade we took yesterday Eur/usd-Eur/JPY was only 63.4% but was a beauty.Thats why i went so low at the %.
Here are the pairs:
GBP/USD-GBP/CHF
GBP/USD-GBP/JPY
GBP/USD-EUR/JPY
EUR/USD-GBP/USD
EUR/USD-EUR JPY
USD/JPY-EUR/JPY
USD/JPY-GBP/CHF
USD/JPY-GBP/JPY
USD/JPY-EUR/CHF
EUR/JPY-EUR/CHF
EUR/JPY-GBP/JPY
EUR/CHF-GBP/CHF
EUR/CHF-GBP/JPY
GBP/CHF-GBP/JPY
Hope that helps
RegardsIgnored
DislikedI haven't done my own research into this, but what pairs, in order, from the list below work the best?
GBP/USD-GBP/CHF
GBP/USD-GBP/JPY
GBP/USD-EUR/JPY
EUR/USD-GBP/USD
EUR/USD-EUR JPY
USD/JPY-EUR/JPY
USD/JPY-GBP/CHF
USD/JPY-GBP/JPY
USD/JPY-EUR/CHF
EUR/JPY-EUR/CHF
EUR/JPY-GBP/JPY
EUR/CHF-GBP/CHF
EUR/CHF-GBP/JPY
GBP/CHF-GBP/JPY
Thanks!Ignored