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Hedge and Correlation Strategy

  • #881
  • Sep 4, 2009 7:11am Sep 4, 2009 7:11am
Quoting jtmoore007
Just sent this to programmer. look over and see if there is anything you guys would like to see added. waiting to hear back from him so your contributions need to be made asap so i can get to him asap

Will not b full automated. User will turn on at appropriate time and ea will manage trade

what we r doing Is opening 1 long position and 1 short position at same time. When the combination of the two trades is in profit we close. Can u make an ea that can look at the trade it opened between two pairs and if p/l of pair 1 + p/l of pair 2 = "X"...
I received a PM to have this done for $40
  • #882
  • Sep 4, 2009 7:14am Sep 4, 2009 7:14am
Quoting chamane
That list should be updated regurlarly. Correlation changes over time and we want to make sure we get the highest values when we trade. The all time best correlation is probably EURUSD/USDCHF but the correlation is negative. That's why I wanted to know if it was possible to reverse a chart whith Marketscope as it is possible with MT4 so we can apply the trading rules to it.

Chamane
This is less risky using highly positively correctlated pairs not neg.
  • #883
  • Sep 4, 2009 7:15am Sep 4, 2009 7:15am
Quoting thecambist
Look at EUR/CHF-GBP/CHF
Looks good for entry.
  • #884
  • Sep 4, 2009 7:17am Sep 4, 2009 7:17am
Quoting jeffreytp
I received a PM to have this done for $40
Take it. I'll pay for it if need be. My guy will higher but I know he will do it right. Has he done work for u in the past? If so. How did it go

will share with everyone no worries
  • #885
  • Sep 4, 2009 7:42am Sep 4, 2009 7:42am
Marketscope is definitely much clearer, and I have 11 charts set up with no problem at all. I hope it shows the same info as DailyFX as I feel a bit like a fish out of water switching to other charts.

Somebody was encouraging us to check out 15 minute charts instead of 30, I'm looking at that as well.
  • #886
  • Sep 4, 2009 7:43am Sep 4, 2009 7:43am
Quoting Dreamliner
Looks good for entry.

Better entry on EC UJ or EC GJ
  • #887
  • Sep 4, 2009 7:44am Sep 4, 2009 7:44am
Good play at the moment for GU GC going in opposite directions : )
  • #888
  • Sep 4, 2009 7:46am Sep 4, 2009 7:46am
Made $1.29 in 4 min on EC UJ on $92 account DEMO
  • #889
  • Sep 4, 2009 7:58am Sep 4, 2009 7:58am
I entered both trades yesterday (vertical lines). Gaps are widening, but I suppose I should wait more.

http://i29.tinypic.com/igm99j.gif
  • #890
  • Sep 4, 2009 8:00am Sep 4, 2009 8:00am
Quoting jeffreytp
Good play at the moment for GU GC going in opposite directions : )
i jumped on that one
  • #891
  • Sep 4, 2009 8:05am Sep 4, 2009 8:05am
Quoting thecambist
i jumped on that one
I'm in too. Just got tire fixed. Gonna start up skype in about an hour. Pm names if u havnt already
  • #892
  • Sep 4, 2009 8:33am Sep 4, 2009 8:33am
Quoting chamane
I entered both trades yesterday (vertical lines). Gaps are widening, but I suppose I should wait more.

http://i29.tinypic.com/igm99j.gif

I would not have entered here. as you can see at the time you entered both pairs were moving in the same direction. I only enter when pairs are moving away from each other or even safer - towards each other but never when pairs are moving parallel
  • #893
  • Sep 4, 2009 8:35am Sep 4, 2009 8:35am
look at pic. see how moving in opp directions this is where i enter
Attached Image
  • #894
  • Sep 4, 2009 8:50am Sep 4, 2009 8:50am
Quoting jtmoore007
I would not have entered here. as you can see at the time you entered both pairs were moving in the same direction. I only enter when pairs are moving away from each other or even safer - towards each other but never when pairs are moving parallel
I will let go and see what happens. Their recent history say that gaps can be even larger than that but price always converged afterwards. We'll see.
  • #895
  • Sep 4, 2009 8:54am Sep 4, 2009 8:54am
Quoting jeffreytp
This is less risky using highly positively correctlated pairs not neg.
I have to respectfully disagree with that.

Here is the EUR/USD and the USD/CHF overlaid on a 30M chart.
The oscillations are much more predictable than with any other pair.
I've been trading them for quite a while.
Attached Image (click to enlarge)
Click to Enlarge Name: euch.gif Size: 55 KB
  • #896
  • Sep 4, 2009 9:04am Sep 4, 2009 9:04am
Quoting billbss
I have to respectfully disagree with that.

Here is the EUR/USD and the USD/CHF overlaid on a 30M chart.
The oscillations are much more predictable than with any other pair.
I've been trading them for quite a while.
Billbss,

How do you trade a negative correlation then?
  • #897
  • Sep 4, 2009 9:09am Sep 4, 2009 9:09am
Quoting chamane
Billbss,

How do you trade a negative correlation then?
The arrows on my chart show the trade entrances.
I don't want to get into how I trade it, because it's different than anything talked about here, and I don't want to interfere with Dreamliner's thread.

I just wanted to show that those negatively correlated pairs separate and snap back just like the pairs you are watching, except a lot cleaner and more predictable..IMO
  • #898
  • Sep 4, 2009 9:10am Sep 4, 2009 9:10am
Quoting billbss
I have to respectfully disagree with that.

Here is the EUR/USD and the USD/CHF overlaid on a 30M chart.
The oscillations are much more predictable than with any other pair.
I've been trading them for quite a while.
I agree with Bill.
Here is a view with Marketscope.
Bill , do you have an indy to show the arrows ?
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: 6.jpg Size: 151 KB
  • #899
  • Sep 4, 2009 9:11am Sep 4, 2009 9:11am
Quoting madscalp
I agree with Bill.
Here is a view with Marketscope.
Bill , do you have an indy to show the arrows ?
Regards.

I placed the arrows, myself, to show my trade entrances.
  • #900
  • Sep 4, 2009 9:13am Sep 4, 2009 9:13am
Quoting billbss
I placed the arrows, myself, to show my trade entrances.
OK
So no special strategy ?
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