Disliked{quote} Still pondering the ideas around this and would most likely take me 2x EAs to be able to get the job done...as I mentioned, I'm really not altogether Masterful with the Code... I did play with Cross Pair Correlation a couple years back, when I was really fresh with the code and well...I was along the same ideas, but the code was terrible and consequently, I gave up the idea. When you are working these, just thinking from my own frame of mind and how I trade personally, I do use EURGBP as a Guide...ie, if EG is trending up, I tend towards...Ignored
i'm not a programmer, but i think the math for it should b something like:
price1-price2 = C
for ideally correlated assets, "C" should be a constant value. As the price moves up and down the distance between them remain the same.
Luckily thats not the case irl and that's not what we're after, we're looking for a variation of this constant "C" in order to trigger buys and sells (and vice versa).
The rest is pretty strait forward, define the minimum "C" deviation to trigger a buy/sell, define TP and sl, the amount of trades thats hould be added in case of an increase in deviation.
i lose money for a living
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