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Correlation system

  • #21
  • Jun 3, 2009 3:10pm Jun 3, 2009 3:10pm
We here in the US got screwed with regard to being long and short simultaneously. Some brokers allowed this before, but now the NFA(?) has nixed it across the board.
You are in a maze of twisty little passages, all alike.
  • #22
  • Jun 3, 2009 6:04pm Jun 3, 2009 6:04pm
Ok I see what I was doing wrong. So do you actually watch the charts to see when the pair goes 10 pips positive? You don't set take profit orders, you just watch the charts and close manually when 10 pips in profit, correct?

Quoting Heral
here is the checkpoints that i use in one day with this system based on GTM+1 hour


1.- hour 10:...
  • #23
  • Jun 3, 2009 6:19pm Jun 3, 2009 6:19pm
"Ok I see what I was doing wrong. So do you actually watch the charts to see when the pair goes 10 pips positive? You don't set take profit orders, you just watch the charts and close manually when 10 pips in profit, correct?"


yeah, i think you wait for each "basket" to have a net profit of ten pips...not individual trades.
  • #24
  • Jun 3, 2009 6:23pm Jun 3, 2009 6:23pm
Quoting tradepro
My strategy is different as i base my entry conditions on Trend/Power of EURUSD and correlation with USDCHF.
What you've posted here is not helpful to any of us. You've just posted that you've shown a profit, but that only helps you. Any chance you can share what you are doing? I assume you are not trolling here, correct?
  • #25
  • Jun 4, 2009 1:12am Jun 4, 2009 1:12am
Quoting Dreamliner
you just watch the charts and close manually when 10 pips in profit, correct?
yes that is
  • #26
  • Jun 4, 2009 6:28am Jun 4, 2009 6:28am
Quoting Heral
yes that is
Ok now I understand exactly what you are doing. Can you please update your journal? I'm following along with you now.
  • #27
  • Jun 4, 2009 6:48am Jun 4, 2009 6:48am
Also, how many lots do you use per $1,000.00 account balance? I use Oanda so I can decide how many units per thousand.

Right now I am using 500 units per trade per hour on accounts that are $1000.00.

What do you suggest?
  • #28
  • Jun 4, 2009 6:53am Jun 4, 2009 6:53am
Quoting Dreamliner
What you've posted here is not helpful to any of us. You've just posted that you've shown a profit, but that only helps you. Any chance you can share what you are doing? I assume you are not trolling here, correct?
I was just highlighting the fact that you can make a profit out of these pairs. And no, i am not going to share the entry conditions.
  • #29
  • Jun 4, 2009 6:55am Jun 4, 2009 6:55am
Quoting tradepro
I was just highlighting the fact that you can make a profit out of these pairs. And no, i am not going to share the entry conditions.
Sure, I understand. No need for you to post here then. This forum is for people helping people, not those boasting that they can make a profit. Your selfishness is appalling!
  • #30
  • Jun 4, 2009 7:24am Jun 4, 2009 7:24am
Quoting Dreamliner
Sure, I understand. No need for you to post here then. This forum is for people helping people, not those boasting that they can make a profit. Your selfishness is appalling!
I can see you dont have the skills to-do your own homework.
  • #31
  • Jun 4, 2009 7:30am Jun 4, 2009 7:30am
hi dreamliner

i'm testing this system but i'm not sure if it's profitable.
i have good results yes but when we have not correlated market its really bad.
in my testing i use 0.05 lots for 500€ account

tradepro, open your thread.
  • #32
  • Jun 4, 2009 7:31am Jun 4, 2009 7:31am
Quoting tradepro
I can see you dont have the skills to-do your own homework.
I trade two systems, which I have developed myself, which I have freely shared on this forum. Both are profitable. So no need to assume I don't have the skills to do homework, and try to divert the conversation from your selfishness and refusal to share.

Again, you post that you can profit, big deal. No need to post a thing on this forum, as again I say to you, this forum is for those traders who wish to help others by posting systems.

Your arrogance and selfishness is simply not needed, nor wanted here. I would suggest you look elsewhere to post how profitable you are, but this time, place a disclaimer such as this:

Disclaimer: I will in no way share anything of help to you, my only reason for posting here is to show you that I am a really good trader.
  • #33
  • Jun 4, 2009 7:33am Jun 4, 2009 7:33am
Quoting Heral
hi dreamliner

i'm testing this system but i'm not sure if it's profitable.
i have good results yes but when we have not correlated market its really bad.
in my testing i use 0.05 lots for 500€ account

tradepro, open your thread.
Yes, I understand that Heral, that's why we are demoing this system.

I doubt trader"pro" will open a new thread, his objective is not to help anyone else but rather merely to feel better than others.
  • #34
  • Jun 4, 2009 10:57am Jun 4, 2009 10:57am
Hey Heral, suppose you've opened 4 hours worth of long and short positions. Let's suppose for simplicity that each position is 1 lot. For the exit decision, do you look for the composite of *all* the longs (i.e. 4 hours' worth) or *all* the shorts to be in profit together by 10 pips? Or do you just close the first EURUSD-USDCHF combinations to be in profit by 10 pips?
You are in a maze of twisty little passages, all alike.
  • #35
  • Jun 5, 2009 3:29am Jun 5, 2009 3:29am
Quoting Dreamliner
Also, how many lots do you use per $1,000.00 account balance? I use Oanda so I can decide how many units per thousand.

Right now I am using 500 units per trade per hour on accounts that are $1000.00.

What do you suggest?
Dreamliner, I'm looking at this on Oanda as well. I'm thinking that you'd want equal $/pip on each trade rather than equal units. So for instance instead of 1000 units of EURUSD and USDCHF, maybe use 1000 of EURUSD ($0.10/pip) and 1070 of USDCHF ($0.10/pip). I realize that this is a small difference but it's there nonetheless.

What confusing things for me is I'm not used to the lot sizing paradigm that the MT4 based brokers use. Does 1 lot of EURUSD have the same pip weight as 1 lot of USDCHF? Does it matter if your account is USD based versus EUR based?
You are in a maze of twisty little passages, all alike.
  • #36
  • Jun 5, 2009 7:06am Jun 5, 2009 7:06am
I'm not sure about the MT4 platform as I just use 2 accounts on Oanda for this method.

I've discovered that holding the losing positions is better, and picking up where you left off the day before in adding positions works well so far.
  • #37
  • Jun 5, 2009 7:21am Jun 5, 2009 7:21am
Quoting Dreamliner
I've discovered that holding the losing positions is better, and picking up where you left off the day before in adding positions works well so far.
mmm, you speak about close losing pairs and let profit pairs run?
  • #38
  • Jun 5, 2009 7:27am Jun 5, 2009 7:27am
i have something similar
i trade on eur/usd with a basic trading strategy

i use other currency that strongly correlates to this pair and calculate the strength and filter the signal

very good results
  • #39
  • Jun 5, 2009 7:32am Jun 5, 2009 7:32am
Quoting Heral
mmm, you speak about close losing pairs and let profit pairs run?
No, just the opposite. Let losing pairs run, and continue adding orders per the schedule, until they come back to plus 10 pips and then close. This is "averaging in" and so far has produced only a .5% drawdown. The drawdown might be way worse than this over time, I have no idea, I'm just testing it.
  • #40
  • Jun 5, 2009 7:33am Jun 5, 2009 7:33am
Quoting doshur
i have something similar
i trade on eur/usd with a basic trading strategy

i use other currency that strongly correlates to this pair and calculate the strength and filter the signal

very good results
Please share your method either here or if Heral prefers, in your own thread.
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