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Negative And positive correlation divergence

  • #61
  • May 8, 2019 1:08am May 8, 2019 1:08am
Quoting hibra68
{quote} Tnx for your post. I was hoping for someone to make an EA or indicator for this, but so far didnt happen. It is very hard for me to trade the system live because I work full time and the system requires constant checking, unless you use 4hr and above tf. But i like 1hr to 15m tf for this system. No i dont have telegram channel for this. Yes i use mataf for correlation. But here is a little tip, if the pairs are correlated traditionaly and naturaly , you dont need to check mataf. Tnx.

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.
  • #62
  • May 8, 2019 2:44am May 8, 2019 2:44am
Quoting dagoods
{quote} 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...
Tnx, I will look into it.
  • #63
  • May 8, 2019 3:32am May 8, 2019 3:32am
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.
  • #64
  • May 8, 2019 9:09am May 8, 2019 9:09am
Quoting lukeit
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.
To know which was first pair to reach bb, go back to when they were both at the extremes in the same candle. From that point look for the pair that reaches opposite extreme first. This will be your leading pair. Theory is the other one will follow the same path.
  • #65
  • Edited 11:17pm May 8, 2019 12:41pm | Edited 11:17pm
https://www.forexfactory.com/showthr...99#post8376599

and

https://www.forexfactory.com/showthr...18#post8376618

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 >>>>

https://www.forexfactory.com/showthr...160679&page=49
  • #66
  • May 9, 2019 7:37am May 9, 2019 7:37am
Quoting hibra68
{quote} Tnx for your post. I was hoping for someone to make an EA or indicator for this, but so far didnt happen. It is very hard for me to trade the system live because I work full time and the system requires constant checking, unless you use 4hr and above tf. But i like 1hr to 15m tf for this system. No i dont have telegram channel for this. Yes i use mataf for correlation. But here is a little tip, if the pairs are correlated traditionaly and naturaly , you dont need to check mataf. Tnx.
Hello Hibra,

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.
  • #67
  • May 9, 2019 9:51am May 9, 2019 9:51am
is correlation based on a faulty concept? is cointegration better? i've not a clue, but i recall this post>>>>>

https://www.forexfactory.com/showthr...0#post10008170
  • #68
  • May 11, 2019 10:12pm May 11, 2019 10:12pm
Here is Audchf, Eurchf. these were 91% +correlation. Although I dont know how long this correlation lasted. If anyone knows away to get data for past correlation percentages so we can back test better, let me know.

note: for these pairs I used 4hr because 1hr seems to be very little in pips.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot (22).png Size: 281 KB
  • #69
  • May 15, 2019 12:24am May 15, 2019 12:24am
Quoting MQLTrade
on 1H i see many good correlations {image}
Hello MQLTrade, this dashboard is for MT4?
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.

Thank you.
  • #70
  • May 15, 2019 2:34am May 15, 2019 2:34am
Quoting Mojotrades
{quote} Hello MQLTrade, this dashboard is for MT4? 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. Thank you.
https://www.mataf.net/en/forex/tools/correlation
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.
Attached Image (click to enlarge)
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  • #71
  • Last Post: May 27, 2019 1:26pm May 27, 2019 1:26pm
Hello, hybra68
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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