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Pair Divergence Method

  • #401
  • Sep 5, 2009 3:13am Sep 5, 2009 3:13am
Another chart as scalping.
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY.jpg Size: 105 KB
Attached File(s)
File Type: mq4 PriceDifference.mq4   2 KB | 618 downloads
  • #402
  • Sep 5, 2009 2:04pm Sep 5, 2009 2:04pm
OK, there are at least a few people who are paying attention, so I'll go ahead and make the EA more user friendly and get it ready to post. I mentioned releasing something this weekend, but I'm hesitant to do so since I haven't had a chance to test the trade entry logic since I finished it late in the week and the market closed before I could run through a trade. I'll try to release a "signal only" version this weekend, but no promises.
  • #403
  • Sep 5, 2009 2:07pm Sep 5, 2009 2:07pm
Quoting LucidObscuri
OK, there are at least a few people who are paying attention, so I'll go ahead and make the EA more user friendly and get it ready to post. I mentioned releasing something this weekend, but I'm hesitant to do so since I haven't had a chance to test the trade entry logic since I finished it late in the week and the market closed before I could run through a trade. I'll try to release a "signal only" version this weekend, but no promises.
That sounds good.
Thank you.
  • #404
  • Sep 6, 2009 9:25am Sep 6, 2009 9:25am
hi Lucid. I was going to request someone something like it. I really need a alert to wake me up when there is a signal.

i don't know how your EA works but i i believe there is a minimum number of pips or angle filter you use. If so i think it is a good idea to let the user change this number to fine tune the best settings.

many thanks and contraulations for being able to do it.
  • #405
  • Sep 6, 2009 11:52am Sep 6, 2009 11:52am
Quoting giraia_br
hi Lucid. I was going to request someone something like it. I really need a alert to wake me up when there is a signal.

i don't know how your EA works but i i believe there is a minimum number of pips or angle filter you use. If so i think it is a good idea to let the user change this number to fine tune the best settings.

many thanks and contraulations for being able to do it.

There is, and you can specify numbers smaller than 1 (i.e. 0.5 for half a pip), however from what I've seen, I would keep this number at around 1 pip.
  • #406
  • Sep 6, 2009 1:00pm Sep 6, 2009 1:00pm
Here is the signal only version.

the Overlay indicator is based on luxinterior's however I had modify the way it draws the line with the offset based on the current screen in order for everything to be consistently relative. Basically what this means is the two lines may move away from each other a bit more than in luxinteriors indicator.

Note, these rely on data for the second pair being available. If the line does not draw far enough then open a window for the second pair on the same timeframe and hold down the "Home" key for a while to pull in more data.

Please let me know if you have questions or concerns.

Please drop these in the following folders
Overlay.ex4 - Crogram Files[Your MT4 Folder]expertsindicators
Correlating Pair Divergence - Signal Only.ex4 - Crogram Files[Your MT4 Folder]experts
Attached File(s)
File Type: ex4 Overlay.ex4   4 KB | 433 downloads
File Type: ex4 Correlating Pair Divergence - Signal Only.ex4   12 KB | 503 downloads
File Type: txt Correlating Pair Divergence - Signal Only README.txt   1 KB | 466 downloads
  • #407
  • Sep 6, 2009 1:12pm Sep 6, 2009 1:12pm
ok when i put indi on chart i get no overlay and when i put ea on i get no overlay, or arrows or anything. have smiley face

what am i doing wrong? or does market need to be open?
  • #408
  • Sep 6, 2009 1:13pm Sep 6, 2009 1:13pm
Quoting jtmoore007
ok when i put indi on chart i get no overlay and when i put ea on i get no overlay, or arrows or anything. have smiley face

what am i doing wrong? or does market need to be open?

No it doesn't. If you are not signed into a mini account then remove the "m" in the SubSymbol property.
  • #409
  • Edited 2:15pm Sep 6, 2009 2:04pm | Edited 2:15pm
Quoting billbss
Here are a couple more examples.

In the first chart, GBP/JPY is making a new High (4) and EUR/JPY (2) is not.
We will be going short on the EUR/JPY.
We wait until both pairs turn down together. That is where the arrow is. We go short EUR/JPY.
We set out SL at 2x ATR 14. We set out TP the same.

In the second chart EUR/JPY makes a new Low (2) and GBP/JPY does not.
We will buy the GBP/JPY when both pairs turn up.
This happens at the arrow.

We go Long GBP/JPY. The SL and TP are as described above.
If we could know when to take long or short, then why correlate any charts?

Actually the best Idea would be to take close appositive correlated pairs like

EURUSD

and USDCHF for example.

At the same time BUY one pair and BUY/SELL the other (Sell Dollar in 1st pair and Buy Dollar in the other) , so while one of the trades goes positive the other goes negative.

You just wait until you got positive profit between both trades.

This is a hedge you cannot lose anything, but theoretically there should be a time

when one pair would fall more then other rise or vise versa, just

wait till your hedge turn positive then close both trades.. Have to play with this to see

Just not sure how to place 2 orders on different pairs at the very same time

Need buy and sell at the same time 2 different pairs..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #410
  • Sep 6, 2009 2:25pm Sep 6, 2009 2:25pm
Quoting SkyzerFX
If we could know when to take long or short, then why correlate any charts?

Actually the best Idea would be to take close appositive correlated pairs like

EURUSD

and USDCHF for example.

At the same time BUY one pair and BUY/SELL the other (Sell Dollar in 1st pair and Buy Dollar in the other) , so while one of the trades goes positive...
The EUR/USD- USD/CHF is all I wound up trading with this.
I disagree with the rest of your post.

1.You CAN lose with this hedge.

2. You do better trading only one of the pairs.

I addressed that in the thread.
  • #411
  • Sep 6, 2009 2:26pm Sep 6, 2009 2:26pm
Quoting LucidObscuri
No it doesn't. If you are not signed into a mini account then remove the "m" in the SubSymbol property.

Did that. Not working
  • #412
  • Sep 6, 2009 2:28pm Sep 6, 2009 2:28pm
Quoting jtmoore007
Did that. Not working
Refresh by switching between time frames once or twice.
  • #413
  • Sep 6, 2009 2:29pm Sep 6, 2009 2:29pm
Quoting LucidObscuri
Here is the signal only version.

the Overlay indicator is based on luxinterior's however I had modify the way it draws the line with the offset based on the current screen in order for everything to be consistently relative. Basically what this means is the two lines may move away from each other a bit more than in luxinteriors indicator.

Note, these rely on data for the second pair being available. If the line does not draw far enough then open a window for the second pair on the same timeframe and hold down the "Home" key for a while to...
Looks good.
I'll try it out.
Thanks a million.
  • #414
  • Sep 6, 2009 2:31pm Sep 6, 2009 2:31pm
Quoting jtmoore007
Did that. Not working
Oh, yeah, once you give it an invalid symbol you'll have to remove and re-add it.
  • #415
  • Sep 6, 2009 2:58pm Sep 6, 2009 2:58pm
I want to point out a couple things.

1) if you give the EA an invalid pair then it will need to be removed and re-added. I'm pretty sure it gets stuck in a loop in this situation and correcting the invalid property does not get it out. I'll build something in to identify invalid symbols.

2) You need data for the "SubSymbol". If you have never opened this symbol for the timeframe you are targeting then you do not have any data. Also, due to this, once the market opens you will probably need to keep a chart open for the SubSymbol to keep the data current. I'll look into whether there is a way around this.
  • #416
  • Sep 6, 2009 3:33pm Sep 6, 2009 3:33pm
Quoting LucidObscuri
I want to point out a couple things.

1) if you give the EA an invalid pair then it will need to be removed and re-added. I'm pretty sure it gets stuck in a loop in this situation and correcting the invalid property does not get it out. I'll build something in to identify invalid symbols.

2) You need data for the "SubSymbol". If you have never opened this symbol for the timeframe you are targeting then you do not have any data. Also, due to this, once the market opens you will probably need to keep a chart open for the SubSymbol to keep...
changed symbol from the beginning. I knew I had to change it from the get go. Have had both charts for a week. Not working
  • #417
  • Sep 6, 2009 5:09pm Sep 6, 2009 5:09pm
Quoting jtmoore007
changed symbol from the beginning. I knew I had to change it from the get go. Have had both charts for a week. Not working

I'm sorry you're having difficulty. This isn't the final version, but I wanted to get something out so people could start taking a look at historical data. The only other thing I can think of which may cause problems is if you set the historical candles to a value larger than the number of candles available for either pair. Currently it only checks the pair which the chart is for to make sure there are enough historical candles.

Is the indicator working?

Do you see any errors in the Expert output log? A zero divide will stop an EA in its tracks...or any red exclamation icon.
  • #418
  • Sep 6, 2009 6:37pm Sep 6, 2009 6:37pm
Quoting LucidObscuri
I'm sorry you're having difficulty. This isn't the final version, but I wanted to get something out so people could start taking a look at historical data. The only other thing I can think of which may cause problems is if you set the historical candles to a value larger than the number of candles available for either pair. Currently it only checks the pair which the chart is for to make sure there are enough historical candles.

Is the indicator working?

Do you see any errors in the Expert output log? A zero divide will stop an EA in its tracks...or...
I'll have some feedback for you a little later.
The data seems to shift horizontally as you pull the charts back to look at the past.
I'll take a screenshot to show you what I mean when I get the time.
  • #419
  • Sep 6, 2009 6:44pm Sep 6, 2009 6:44pm
I've made a few modifications which you might find helpful. I think only one person is having problems, but that's one too many in my book.

I've added some checks so that if the symbol is invalid or there is not data for it then the EA and the indicator will not run and will raise an alert to let you know.

I've also added an option to display alerts when a new divergence is detected incase you are near your computer you don't have to wait for the text message or email.

I'm still testing the automated trading version and would like to add a few more features before I post it. When I release the automated trading version I will also realease the source code since I feel it's important to know exactly what it is doing before trusting it with your money. If you intend to use any automated trading EA I recommend you spend some time learning MQL.

Feedback is always appreciated and I'll happily consider feature request, but any changes will be at my discretion.
Attached File(s)
File Type: ex4 Correlating Pair Divergence - Signal Only.ex4   13 KB | 438 downloads
File Type: txt Correlating Pair Divergence - Signal Only README.txt   1 KB | 400 downloads
File Type: ex4 Overlay.ex4   4 KB | 382 downloads
  • #420
  • Sep 6, 2009 6:50pm Sep 6, 2009 6:50pm
Here's what I was talking about.

All the peaks and valleys appear to be one bar out of sync.
That is not characteristic of these pairs.
The farther back you look the more pronounced it is.

That will only effect backtesting. The current screen appears to be ok.
Attached Image (click to enlarge)
Click to Enlarge Name: euch.gif Size: 40 KB
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