Here is an example from Audchf Usdchf
- Joined Mar 2016 | Status: Member | 6,279 Posts
Make all possible mistakes in demo and rain in pips in live account
Trading Contest All Time Return:
2.3%
Divergence and hidden Divergence 122 replies
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EURUSD vs GBPUSD! Who leads the way? Explaining the positive correlation! 3 replies
DislikedHello! I love using Bollinger Bands, so I keep thinking how to make use of it all the time. I wanted to check out negatively correlated pairs and see how they react around top , mid and bottom bb. Normally if one pair closes above top BB the other one should close at bottom bb and vice versa. For example if you would look at EURUSD VS USDEUR than this would be true every single time, meaning that one would be above top BB and the other below bottom BB every single time. So this would not help us traders at all. Basically...Ignored
DislikedOk this is for opening tomorrow. But this is just for show only because there is only 6 pips to top BB and as you know at sunday open the spreads are huge. The SL at bottom of the low in this case the bottom of the candle is at our minimum around 32 pips. The Tp would be 64 pips bring sl to breakeven when it goes 32 and take half out. This is not exactly per our rules since the candle has closed above mid BB. But its very close to mid BB. {image}Ignored
Disliked{quote} This one is on its way... I need someone to create an indicator or EA for this system. {image}Ignored
Disliked{quote} to code EA is not difficult, most of menbers in FF can code it. we just now view your process. if it is profitable, i can code too.Ignored
Disliked{quote} Negative correlation, right? Based on your original charts, this looks like a winner. The other pair took the lead and this one was below the midband.Ignored