you can try to post your request in the technical section (create a thread) >>>> https://www.forexfactory.com/forumdisplay.php?f=69
you can google, bollinger Band or bollinger band dashboard etc. for some stuff that already exists for free >>>>e.g. BB alert>>> https://www.mt5traders.com/bollinger...rex-indicator/ than request help to customize it to what you want.
or you can post a job in MQL like that one for Bollinger band dashboard >>>> https://www.mql5.com/en/job/29615
It is a really sound idea and deserves it's own dashboard and EA with alerts for proper testing.
if you trade EU and UC, the result is the sinthetic EC. it's the same.
when the second pais reach the BB same the first, we have a positive correlation (if the 2 pairs are EU and UC, solitally with negative 90%). you can watch on mataf correlations and waiting when this happen.
as they said, how we can know which pairs will be long or short? this is the main problem.
Those charts are what piqued my interest in correlation + divergence. Of course he is showing uchf versus eu when they were highly correlated and results don't consider spread etc. i don't think but it appears to show at least that the theory is sound. The overlay chart is a great visual. As far as timing you could see in the overlay chart the theory being when they diverge to the extremes, they will return to the mean again (converge ) because they are correlated and Have no other choice if they want to remain correlated. The theory is perfectly sound.
I wonder if a coder could Put the BBs on the overlay charts?
correlation divergence >>> billbiss thread >>>>
I assume 1HR & 15MIN provide trades more often than the 1 & 4 hr approach.
Please continue to share your posts and results.
If you would be kind enough to screen capture the Metaf dashboard at that moment as well.. that would be very helpful.
Have you used higher tf?, such as a Daily/Weekly combo?, I have the same constraints as you and cannot spend much time in-front of the screen. Was thinking longer term to check in and monitor once or twice a day with d1/w1.
Thanks again for your contribution.
is correlation based on a faulty concept? is cointegration better? i've not a clue, but i recall this post>>>>>
Can you kindly provide/ share or link me to where its available?
Ive seen the one at Metaf.com website, but yours seems more intuitive and easily display on one large screen.
Hibra, how often are you finding such trades, ive spent the asian session and have yet to see anything come across that might be a possible trade with taking.
You will have to adjust which pairs you want included from the top of the page.
Here is a trade I took from last night for about 20 pips
Its difficult to spot trades without an indicator or EA.
your system is very interesting..
but I have question..
First you find-check good correlation of pairs and then you find good position of candles?
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