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Hedge and Correlation Strategy

  • #1,041
  • Edited 10:19am Sep 8, 2009 9:30am | Edited 10:19am
Quoting bobfourie
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...
Any way you can fix this?

Attached Image
  • #1,042
  • Sep 8, 2009 9:39am Sep 8, 2009 9:39am
My FXCM Trading Station is down because of a demo server problem that they are aware of and trying to fix. I have to say that the FXCM platform is pretty sweet. Makes setting up and finding these pairs very easy. So easy even Dreamliner can do it, LOL! Just kidding.
  • #1,043
  • Sep 8, 2009 9:42am Sep 8, 2009 9:42am
Quoting YM Trader
My FXCM Trading Station is down because of a demo server problem that they are aware of and trying to fix. I have to say that the FXCM platform is pretty sweet. Makes setting up and finding these pairs very easy. So easy even Dreamliner can do it, LOL! Just kidding.

working fine here
  • #1,044
  • Sep 8, 2009 10:01am Sep 8, 2009 10:01am
Quoting jeffreytp
Any way you can fix this?

Attachment
Thanx for pointing that out, I found the error. updated my post
  • #1,045
  • Sep 8, 2009 10:04am Sep 8, 2009 10:04am
anybody in usdjpy/gbpusd trade. im currently negative but hopefully will turn my way. and thanks DL for this strat. its been great till now but the gap on those pairs i mentioned is soo great and thats why i took the trade. hey DL would you of taken this trade? long usdjpy/ short gbpusd im just worried about it is all. thanks again
  • #1,046
  • Sep 8, 2009 10:12am Sep 8, 2009 10:12am
Quoting treadline
anybody in usdjpy/gbpusd trade. im currently negative but hopefully will turn my way. and thanks DL for this strat. its been great till now but the gap on those pairs i mentioned is soo great and thats why i took the trade.

2 of us in skype are in this trade. come join if you would like
  • #1,047
  • Sep 8, 2009 10:20am Sep 8, 2009 10:20am
Quoting jtmoore007
2 of us in skype are in this trade. come join if you would like

hey thanks for the invite but i have to go ot work soon. sorry. how are guys doing on this trade? do you think will turn? thanks how do i look for you guys?
  • #1,048
  • Sep 8, 2009 10:22am Sep 8, 2009 10:22am
Quoting bobfourie
Thanx for pointing that out, I found the error. updated my post
Attached Image
  • #1,049
  • Sep 8, 2009 10:30am Sep 8, 2009 10:30am
Quoting jeffreytp
Attachment
thats your account leverage, was using it for testing. forgot to remove it, iv updated the ea again.
  • #1,050
  • Sep 8, 2009 10:49am Sep 8, 2009 10:49am
Quoting treadline
hey thanks for the invite but i have to go ot work soon. sorry. how are guys doing on this trade? do you think will turn? thanks how do i look for you guys?

closed in profit
  • #1,051
  • Sep 8, 2009 10:58am Sep 8, 2009 10:58am
Quoting jtmoore007
closed in profit
I know there has been discussion about money management and how to leverage into these "pairs trades". I am just wondering what everyone is doing about managing the trades once they move in your favor say by 20 pips/20%. Are most of you putting/moving stops to breakeven or better? I have had a couple of trades where the gap started to close putting me in profits but then the gap would start to widen and on one the trades ended up wider than the original trade entry. Thanks!
  • #1,052
  • Sep 8, 2009 11:00am Sep 8, 2009 11:00am
Quote:
Originally Posted by YM Trader http://cdn.forexfactory.com/images/buttons/viewpost.gif
My FXCM Trading Station is down because of a demo server problem that they are aware of and trying to fix. I have to say that the FXCM platform is pretty sweet. Makes setting up and finding these pairs very easy. So easy even Dreamliner can do it, LOL! Just kidding.






Quoting thecambist
working fine here
Yea, the tech support at FXCM UK said it was one particular demo server that had this known problem and they were working to fix it.
  • #1,053
  • Sep 8, 2009 12:39pm Sep 8, 2009 12:39pm
I just cashed in +51 pips on a trade I entered this morning. Not being greedy... I could have stayed in, but I have EURJPY/AUDUSD, CHFJPY/EURUSD and USDJPY/AUDUSD still running.

Chamane

http://i32.tinypic.com/651k4x.jpg
  • #1,054
  • Sep 8, 2009 12:46pm Sep 8, 2009 12:46pm
Good setup: EURCAD/USDCAD just got in
  • #1,055
  • Sep 8, 2009 12:48pm Sep 8, 2009 12:48pm
Quoting bobfourie
Here you go, if you find an error or 2 just let me know.
The external variable sPairs should be in the format "Symbol1,Type" where type is an 0 for buy and 1 for sell. Same as the multi profit indi. TP/SL are in dollar amount, I know it works fine with an standard acc but could not test it on a mini.

--edit---
updated Pairclosev1

--edit again---
updated Pairclosev1, fixed display problem with the current profit
updated Multi_Pair_Profit, can now select multipliers for each pair (like lot sizes)
Can you add an email alert when trades are closed by the EA?
  • #1,056
  • Sep 8, 2009 1:01pm Sep 8, 2009 1:01pm
Quoting chamane
USDJPY/AUDUSD still running.
Can you please explain based on WHAT you trading those pairs???

Those are not correlated by any means not + nor -

H1 correlation negative - 55%

D1 correlation positive + 17%

What exactly you are doing?

Thanks.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,057
  • Sep 8, 2009 2:50pm Sep 8, 2009 2:50pm
Quoting SkyzerFX
Can you please explain based on WHAT you trading those pairs???

Those are not correlated by any means not + nor -

H1 correlation negative - 55%

D1 correlation positive + 17%

What exactly you are doing?

Thanks.
I printed a correlation value chart from MATAF during the last weekend. The value of r (1hr) for AUDUSD/USDJPY was +88.8. So to confirm I exported data from MT4 and calculated the r value for 30min chart (from 2/09/09 up to now) and got +0.13 as the value. I did the same exercise exporting data from Dealbook (10/08/2009 up to now) and got +0.34. Right now, the value of r for the same couple is -0.91.

That combination of pairs seems to be unstable somehow. I wouldn't recommend it for now. I just got out of my trade without loss. It should be more safe to double check the correlation with the daily data.
  • #1,058
  • Sep 8, 2009 3:27pm Sep 8, 2009 3:27pm
Quoting SkyzerFX
Can you please explain based on WHAT you trading those pairs???

Those are not correlated by any means not + nor -

H1 correlation negative - 55%

D1 correlation positive + 17%

What exactly you are doing?

Thanks.

i assume he is selling au and buying uj
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  • #1,059
  • Sep 8, 2009 3:45pm Sep 8, 2009 3:45pm
I think that it's important to pick pair combinations that are stable in time regarding their correlation. The combo that is well known for that is EURUSD/USDCHF. One way to verify the correlation stability is to get the value for different number of points (different samples). Here is a table showing two examples:

http://i29.tinypic.com/j0b9td.jpg

The recent history of USDCHF/USDJPY shows a good correlation but it's more risky than the EURUSD/USDCHF combo.
  • #1,060
  • Sep 8, 2009 3:49pm Sep 8, 2009 3:49pm
Quoting jeffreytp
Can you add an email alert when trades are closed by the EA?
A please never hurt any one
Ive never used the email function and cant test it since I don't have an server setup for email. So I if the text comes out funny, just post a screen shot of the email here so that I can try and fix it.
Attached File(s)
File Type: mq4 PairClose v1.mq4   4 KB | 415 downloads
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