If you want a good Captain, find him at a shore
Currency Heatmap 6 replies
help with Localized Stairstepping Heatmap indi 147 replies
Correlation Heatmap indicator 4 replies
FX Heatmap - Who can code it? 12 replies
Elliot Waves/Demark Waves 2 replies
DislikedGeorge: looks to me like there is an error in the buyALL12 and sellALL12 scripts - e/g is on the same side as the jpy pairs, but it is inversely correlated to them. Either this should be removed from both scripts, or changed to the same signal as Uch and Uca.Ignored
DislikedGeorge:
I added your template, but it doesn't look like the chart from your post #31. Attached is what appears when I add it. Would you attach a template that will result in a chart that looks exactly like yours?Ignored
DislikedHi George,
Is the basket bars indi a major component of your system?
I was using it earlier today and noticed that it may repaint? Do you have that problem as well?
SladeIgnored
DislikedGood day to all,
I've been experimenting with various correlations between currency pairs. One relationship that jumps out is between USDCAD and USDCHF. These two currency pairs in the latest historical timeframes tend to move together, opposite JPY pairs group. See:
http://fxtradeinfocenter.oanda.com/c...elations.shtml
This leads me to another groups division into two opposing groups of 12 JPY related currency pairs vs. just 2 pairs (UCa & UC). I opened 14 charts, and displayed them all together for comparison on multiple timeframes. Amazing! Only 2 of 14 trend opposite the other 12. So I revised the TRADE scripts to either BUY 12 and SELL2--or SELL 12 and BUY 2. I've been testing these for a limited time with good success for GROUP entry trades.
For scalping, I open entry trades for all 14 pairs...then double click on MT4 profit column to bring losing trades to the top. Monitor for pairs with greatest loss, and close those trades for a small loss if T3/RSI indicator shows a trend direction opposite chosen target direction. Cut your losers short, and let your winners run.
I realize this is fairly complicated; that's why we need an EA to automatically complete the entry process, monitor open trades, and exit process. Nevertheless, I gained around 300 pips profit trading the open of the lackluster Asian market this morning.
Please try them out, and let me know if they work well for you.
Prosperous regards,
GeorgeIgnored
DislikedComdoc:
Just saw this post (#704) by Slade in another thread:
http://www.forexfactory.com/showthre...112522&page=47
Since S&P and usdjpy is correlated, what do you think about using it as a proxy to determine buy/sellALL JPY pairs?
FXPro has S&P charts.Ignored
DislikedHi eagle,
Not an effective strategy. No reliable proxy pair exists. Decision to use BUYJPYpairs or SELLJPYpairs is made from GROUP TREND and embedded countertrend info--and Heatmap JPY group long and short numbers. We are currently using BasketBars v1.5, and searching for GROUP MA indicator. hndymann has posted that, and I asked him to PM me with link to indicator. As soon as I receive that, will post it here.
Bright regards,
GeorgeIgnored
DislikedHello comdoc,
Great thread will be following it closely, it is great that this type of trading is being taken further, have been using T101's with good results. The problem with correlation is that it is fickel, the patterns that are observed now might not be seen in 6 months time (S&P USD/YEN). Are you creating systems that are tuned to the current market. That is actually quite interesting, the thing is that one must be extra carefull when it goes out of step, then look for new patterns.
Thanks
P.S You say you use fractals, are you just talking conceptually or do you have deeper insights if so could you share (I'm specializing in chaos :-) )Ignored
DislikedHi hndymann,
Sorry, I wasn't clear which indicator. It's the one here:
http://www.forexfactory.com/showpost...&postcount=837
Could you please post it here?
Thanks,
GeorgeIgnored