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Negative And positive correlation divergence

  • #21
  • Apr 21, 2019 9:07am Apr 21, 2019 9:07am
Here is an example from Audchf Usdchf
Attached Image (click to enlarge)
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  • #22
  • Apr 21, 2019 9:13am Apr 21, 2019 9:13am
I noticed one thing, the correlated pairs take turns in leading. Sometimes one closes above/below BB lines first sometime the other. In order to see which is leading which I think we have to go back and find a common ground where both are at the same line.
  • #23
  • Apr 21, 2019 10:13am Apr 21, 2019 10:13am
Quoting aelimian
Are you using the standard BB? Thanks
yes
  • #24
  • Apr 21, 2019 11:06am Apr 21, 2019 11:06am
Quoting hibra68
Hello! 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...
Do you mean t o type USDCHF in place USDEUR?
Make all mistakes in demo and rain in pips in live account
  • #25
  • Apr 21, 2019 11:32am Apr 21, 2019 11:32am
Quoting 9jatrader
{quote} Do you mean t o type USDCHF in place USDEUR?
no, I meant usdeur to explain 100% correlation vs not perfect correlation
  • #26
  • Apr 21, 2019 10:38pm Apr 21, 2019 10:38pm
Quoting hibra68
Ok 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}
This one is on its way...

I need someone to create an indicator or EA for this system.
Attached Image (click to enlarge)
Click to Enlarge Name: TurnkeyFX.png Size: 81 KB
  • #27
  • Apr 22, 2019 5:31am Apr 22, 2019 5:31am
Quoting hibra68
{quote} This one is on its way... I need someone to create an indicator or EA for this system. {image}
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.
  • #28
  • Apr 22, 2019 6:44am Apr 22, 2019 6:44am
Quoting hibra68
{quote} This one is on its way... I need someone to create an indicator or EA for this system. {image}
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.
  • #29
  • Apr 22, 2019 9:30am Apr 22, 2019 9:30am
Quoting lghr
{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.
like chicago rob said, the signals are rare. But from my visual backtest with gbpnzd, nzdjpy the signals were good quality. In order to get more signals we would need more pairs involved and perhaps check 30 min 1hr and 4hr. Even check daily for direction.
Pairs that are correlated with most timeframes will give better signals.
The EA will at least give us an idea how successfull it would be to involve many pairs.
  • #30
  • Apr 22, 2019 9:32am Apr 22, 2019 9:32am
Quoting ChicagoRob
{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.
yes negative correlation. this was near perfect setup, except the signal candle closed on friday so it was risky.
  • #31
  • Apr 22, 2019 3:24pm Apr 22, 2019 3:24pm
Pla what is the BB settings.
  • #32
  • Apr 22, 2019 3:29pm Apr 22, 2019 3:29pm
Quoting menek
Pla what is the BB settings.
standart for mt4.

period 20
shift 0
deviations 2
  • #33
  • Apr 24, 2019 3:22am Apr 24, 2019 3:22am
Pls can you give us some new examples?
  • #34
  • Edited 4:55am Apr 24, 2019 3:48am | Edited 4:55am
Pls check this for me UsdChf has cross lower BB band
Attached Image (click to enlarge)
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  • #35
  • Apr 24, 2019 3:51am Apr 24, 2019 3:51am
But EU has not cross the middle line so Eu buy signal.
Attached Image (click to enlarge)
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  • #36
  • Apr 24, 2019 5:24am Apr 24, 2019 5:24am
Hi, I just saw your post. You have to check 1hr and 4hr correlation table first before you make a decision. I use mataf correlation.
  • #37
  • Apr 24, 2019 8:29am Apr 24, 2019 8:29am
How do you combine the two timeframe?
  • #38
  • Apr 24, 2019 9:21am Apr 24, 2019 9:21am
Quoting menek
How do you combine the two timeframe?
check to see if the pairs are over 80 percent correlated on both 4hr and 1hr at the time you want to trade.
  • #39
  • Apr 25, 2019 2:40pm Apr 25, 2019 2:40pm
very good system.Please continue hibra
  • #40
  • Apr 25, 2019 3:09pm Apr 25, 2019 3:09pm
Quoting taghiabadi
very good system.Please continue hibra
tnx, im waiting for an indicator.
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