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Hedge and Correlation Strategy

  • #1,021
  • Sep 8, 2009 3:19am Sep 8, 2009 3:19am
Quoting jtmoore007
So far so good!...
Im glad you like it. You don't need to have the charts open, the symbols just needs to be in your market watch, I did try it out now and it seems fine, dont know why it failed to work with you.
If it receives an requote or slippage error while opening, it will retry again 6 times with an short time delay between the last 2 try's and the 1st 4. When closing, it will keep trying until it closes, does not matter what error it receive. So dont worry to much about that
Ive made some changes to the ea, added an closeall option and fixed the current draw down display to correctly display 2 decimals. Ive updated that post where I attached the ea.
  • #1,022
  • Sep 8, 2009 5:52am Sep 8, 2009 5:52am
Cool - thats great...!

Quoting bravester
i finally found the MT4 overlay indicator here if anyone is interested:


http://www.forexfactory.com/showpost...20&postcount=2
  • #1,023
  • Sep 8, 2009 6:16am Sep 8, 2009 6:16am
GU - GC - Just entered this one....
Attached Image (click to enlarge)
Click to Enlarge Name: GU-GC.jpg Size: 138 KB
  • #1,024
  • Sep 8, 2009 6:17am Sep 8, 2009 6:17am
I just entered this trade. It should be a good one.

http://i31.tinypic.com/zwyyr9.jpg
  • #1,025
  • Sep 8, 2009 6:23am Sep 8, 2009 6:23am
Quoting bravester
I am so salivating over the prospect of using this indicator. Tasciy , would you be kind enough to share this, thanks.
Please laid out here OverlayChat
  • #1,026
  • Sep 8, 2009 6:33am Sep 8, 2009 6:33am
Quoting bravester
I am so salivating over the prospect of using this indicator. Tasciy , would you be kind enough to share this, thanks.
This is what I have in my Navigator.

Chamane
Attached File(s)
File Type: zip _Correlation IND CHARTlite.zip   425 KB | 1,199 downloads
  • #1,027
  • Sep 8, 2009 7:13am Sep 8, 2009 7:13am
Quoting redart007
GU - GC - Just entered this one....
As I understand correctly you actually buying pair on the bottom

which is GC and selling top one which is GU, right?
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  • #1,028
  • Sep 8, 2009 7:25am Sep 8, 2009 7:25am
Correctomundo!

Quoting SkyzerFX
As I understand correctly you actually buying pair on the bottom

which is GC and selling top one which is GU, right?
  • #1,029
  • Sep 8, 2009 7:34am Sep 8, 2009 7:34am
Guys I have a problem to place those indies

_Correlation IND CHARTlite.mq4

_Correlation IND HSTlite.mq4

Both of them giving me the error "Zero divide"

Also, could anyone explain what is the difference between them?

Should I place 2 indies? Anyways I did and got error..

Thanks
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  • #1,030
  • Sep 8, 2009 7:41am Sep 8, 2009 7:41am
There's a word document that explains how to use, take alook...if its not in that zip file then it is the zip that was previously posted...

Quoting SkyzerFX
Guys I have a problem to place those indies

_Correlation IND CHARTlite.mq4

_Correlation IND HSTlite.mq4

Both of them giving me the error "Zero divide"

Also, could anyone explain what is the difference between them?

Should I place 2 indies? Anyways I did and got error..

Thanks
  • #1,031
  • Sep 8, 2009 7:50am Sep 8, 2009 7:50am
I already read it 10 times..


Look I locate that BAR (Blue line) But on my screen I cannot get it

to be really the 1st one there is always other showing little bit, next

to it on the left (If maybe that's the problem?)
Attached Image (click to enlarge)
Click to Enlarge Name: zero_divide.jpg Size: 76 KB
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  • #1,032
  • Sep 8, 2009 8:01am Sep 8, 2009 8:01am
Ok, it works on the other broker.. Not sure what is the problem with
the first one
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  • #1,033
  • Sep 8, 2009 8:05am Sep 8, 2009 8:05am
Quoting bobfourie
Thanx Dreamliner for this method, I have been reading this thread and it seems very interesting.
I see that you guys don't have an way to look back the history, so I recoded the Overlaychart indi into one that only shows the last overlay price, so no more repainting. I renamed it StaticOverlay.
I added an option bUseAutoCorr, if this is turned on then it would pick to mirror the other chart or not if the pairs are pos of neg correlated (the same currency must be in both pairs)

Also made this indi, Multi_Pair_Profit , it will show the combined...

When using the StaticOverlay.mq4 can you make it display the inputed symbol on the chart window so we know what pair is being overlayed?
  • #1,034
  • Sep 8, 2009 8:10am Sep 8, 2009 8:10am
work fine here...what folder are you putting them in? need to be experts/indicators

Do you get a dialogue box open once you add it to a chart that enables you to change the symbol1 field?

One of the indicators overlays on the price the other price relative, the other is a relative measure of how far they have moved/or not

Quoting SkyzerFX
I already read it 10 times..


Look I locate that BAR (Blue line) But on my screen I cannot get it

to be really the 1st one there is always other showing little bit, next

to it on the left (If maybe that's the problem?)
  • #1,035
  • Sep 8, 2009 8:13am Sep 8, 2009 8:13am
The other thing I found out cannot use EURUSD pair always

as if I sell it on 1 pair and cannot buy it o the other "Hedge Prohibited"

Probably have to use my another Hedge Enabled broker..
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  • #1,036
  • Sep 8, 2009 9:08am Sep 8, 2009 9:08am
Quoting T.E.Lawrence
As you can see in my above post I'm trading right now USD/JPY / EUR/CHF. I've just checked the correlation:
Some crazy pairs you trading man, there is only 3-4 pairs out there
with about 80%-90% correlation.. That pairs "USD/JPY / EUR/CHF"

shown 10% correlation though on daily it's about 77% ( Still low)

Trade pairs as closer to 100% as possible, that's the Idea..
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  • #1,037
  • Sep 8, 2009 9:13am Sep 8, 2009 9:13am
good setup
EURJPY/GBPUSD
AUDCHF/AUDUSD
  • #1,038
  • Sep 8, 2009 9:16am Sep 8, 2009 9:16am
another:
GBPJPY/USDJPY
  • #1,039
  • Sep 8, 2009 9:25am Sep 8, 2009 9:25am
Also important to have low spreads.. On those Pairs I have like

4 pips spread.. So 4+4=8 pips and that's a lot..
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  • #1,040
  • Sep 8, 2009 9:29am Sep 8, 2009 9:29am
Question "_Correlation IND HSTlite" Indy if it's showing

like -0.0500 what that means? 5 pips? or "-5% current correlation" between 2 pairs or

this is just some kind of Index?
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