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Hedge and Correlation Strategy

  • #1,061
  • Sep 8, 2009 4:26pm Sep 8, 2009 4:26pm
Quoting bobfourie
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.

that is wonderful. thanks a ton!!!
  • #1,062
  • Sep 8, 2009 4:38pm Sep 8, 2009 4:38pm
Quoting bobfourie
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.

Bob,
We appreciate all the help you are giving to the folks on this thread, we are very glad to have you here.

Thanks !!!
  • #1,063
  • Sep 8, 2009 4:39pm Sep 8, 2009 4:39pm
hey can someone post whats the top 4 correlating pairs?? when i look at 1 minute and then 5 15 and 30 they sometimes show the opposite so what really is the best TF to look at.. i dont care if its small pips id rather be in then out of a trade as fast as possible so i dont have much draw down.

people are throwing out all kinds of correlating pairs i just want to trade the top 4 or so. eur/usd and usd/chf being number 1 ??

thanks!
  • #1,064
  • Sep 8, 2009 5:22pm Sep 8, 2009 5:22pm
Sorry, to let you know... I have dragged the Market Scope FXCM 'screen' using the bottom slide bar on the chart, so it scrolls from one side to other and the overlay changes... so what is correct, back testing is no good... as it shows incorrect data.

I am not too sure if this has been brought up before... but I thought I that highlight it as I have tested it today.

Give it ago and let me know your thoughts.

Regards,
Vip
  • #1,065
  • Sep 8, 2009 5:23pm Sep 8, 2009 5:23pm
Quoting jtmoore007
closed in profit

hey jt thanks for the info. my closed profit ea closed both at a profit this am. my profit target was 25 pips, and at one point i was negative -61 dollars and was panaking about it. but before i left for work it started goiing my way and i just left the trade go. was glad the ea closed it for me. i tell you man it was nerve racking to see that much drawndown on my account. but over all this is a great trading method and i will continue to use it as its the best ones out there and its for free. how can i find you guys on skype. can you plz add me im canmanone.
  • #1,066
  • Sep 8, 2009 8:27pm Sep 8, 2009 8:27pm
Quoting treadline
hey jt thanks for the info....


I'll add u and will be on around US open. I mainly trade us session only.
If getting nervous about 61 pips then I hope u r on demo because u will get worse dd than that eventually. I will guarantee that. U will get used to it. Use lower lot size so a 61 pip dd doesn't scare u because it will happen again I swear. Hope to see u on skype
  • #1,067
  • Sep 8, 2009 9:47pm Sep 8, 2009 9:47pm
Quoting bobfourie
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.
I am sorry about that. You are right. Thank you very much for all your work on this. It is working great!. I'll test out the email function.

I have another request please : ) Is there any way to make the open trade function optional, maybe with a true/false, but still keeping the close function active? This way if we want to close all charts and reattach we can without opening additional pairs?
  • #1,068
  • Sep 8, 2009 9:57pm Sep 8, 2009 9:57pm
Quoting jtmoore007
I'll add u and will be on around US open. I mainly trade us session only.
If getting nervous about 61 pips then I hope u r on demo because u will get worse dd than that eventually. I will guarantee that. U will get used to it. Use lower lot size so a 61 pip dd doesn't scare u because it will happen again I swear. Hope to see u on skype

accually im not on demo real money. thats why it scared me. what was your worst dd ever. for me it was the $-61. all this time my dd was never over $-25. but i was trading negative correlation so will be sticking to positive correlation from now on as i think its a bit safe. im with fxpro and they dont have less than .1 lot size. cant trade .05 lot size. also im on ibfx but have to put some money there as i dont ahve enough to trade there. thinking about putting $100 and trading .05 to .1 lot sizes.
  • #1,069
  • Sep 9, 2009 2:09am Sep 9, 2009 2:09am
Quoting T.E.Lawrence
New day, new trade:

Attachment

bought 10K of USD/JPY
sold 10K of EUR/CHF
I've just closed this trade, after two days - +33 pips. The gap hasn't closed yet, but as usually I'm closing trade when there's a profit. I'm still a little afraid when a gap is not being closed after 1-2 days - I still don't know why my earlier long trades resulted in loss, so I prefer short term trades (few hours), but you never know how long a trade on 30m will take.

What I've discovered is that entering with 1/5 amount of money you are willing to put into a trade, and then adding when gap widens, is a very profitable strategy and makes trades much safer. Once again, thanks Dreamliner for this tip (or trick ).
  • #1,070
  • Sep 9, 2009 2:58am Sep 9, 2009 2:58am
Quoting jeffreytp
I have another request please : ) Is there any way to make the open trade function optional, maybe with a true/false, but still keeping the close function active? This way if we want to close all charts and reattach we can without opening additional pairs?
That's ok,
I don't think that is necessary to add that option ,the ea wont open new trades if an trade with the same magic# already exists. So you could attach it back to an chart without opening new trades so that it could monitor the open trades. Is this what you meant?
  • #1,071
  • Sep 9, 2009 4:13am Sep 9, 2009 4:13am
New trade:

GBP/USD - short 10K
GBP/CHF - long 10K

Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 118 KB


Once again this is strangely correlated pair:
based on mataf.net 50 points: 1H:-37.6, D:70.2
based on mataf.net 100 points: 1H:-42.7, D:89.0

But I think that daily correlation is the most important one.
  • #1,072
  • Sep 9, 2009 4:23am Sep 9, 2009 4:23am
Quoting T.E.Lawrence
BTW,

shouldn't we take into account the pip cost? I.E., in my broker, gbp/usd's pip cost is 1, and gbp/chf's pip cost is 0.95.
It seems like nobody has answered this question, so what's your view on this?
  • #1,073
  • Sep 9, 2009 5:46am Sep 9, 2009 5:46am
I was in this from yesterday and took something out of it today, think it might have room to go tho.

Quoting T.E.Lawrence
New trade:

GBP/USD - short 10K
GBP/CHF - long 10K


Once again this is strangely correlated pair:
based on mataf.net 50 points: 1H:-37.6, D:70.2
based on mataf.net 100 points: 1H:-42.7, D:89.0

But I think that daily correlation is the most important one.
  • #1,074
  • Sep 9, 2009 6:47am Sep 9, 2009 6:47am
Quoting redart007
I was in this from yesterday and took something out of it today, think it might have room to go tho.
Check the gap now, pretty wide - I think now is a good time to add to this trade. If you follow Dreamliner's rule of placing just 1/5 of overall amount at the beginning, you'll see new possibilities along the trade.
  • #1,075
  • Edited 7:52am Sep 9, 2009 6:48am | Edited 7:52am
I dont agree with your statement to trade pairs as close to 100% as possible. Take alook at CHF/JPY and EUR/JPY , very tight correlation but you dont have the opportunities for much variation in the price between them so its difficult to trade. IMO if you look at stuff with 70-90% shows that they are generally correlated but move away 10-30% of the time which should present some good trading opportunities....

Quoting SkyzerFX
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..
  • #1,076
  • Sep 9, 2009 7:00am Sep 9, 2009 7:00am
Guys, is there anyway to Overlay 2 Charts in MT4 without indy?

Problem with that IND_CHART_TITLE is when you switch between
the screens it will draw lower or higher at times so REFRESH must
be used, but I'm not sure if REFRESH is fixing the problem?
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,077
  • Sep 9, 2009 7:14am Sep 9, 2009 7:14am
Hi Guys!
I read your thread with great difficulty and do not understand. The fact that English is not my native language. I read through google translater, but it translates very badly. And I'm writing now, too, through him.
Please!!!!!!!! Who could have created some 1 post with all the advanced rules are open today. Rules of MM, what indicators, time of trade, etc. Because that is reading 70 pages in gooogle translater and understand that something is not real!
Am very grateful!
Thx!!!
  • #1,078
  • Sep 9, 2009 7:33am Sep 9, 2009 7:33am
Quoting vladimir8686
Hi Guys!
I read your thread with great difficulty and do not understand. The fact that English is not my native language. I read through google translater, but it translates very badly. And I'm writing now, too, through him.
Please!!!!!!!! Who could have created some 1 post with all the advanced rules are open today. Rules of MM, what indicators, time of trade, etc. Because that is reading 70 pages in gooogle translater and understand that something is not real!
Am very grateful!
Thx!!!
no problem. Page 1 post 1. Nothing has changed
  • #1,079
  • Sep 9, 2009 7:44am Sep 9, 2009 7:44am
Seriously? 72 pages no additions to the system?
  • #1,080
  • Sep 9, 2009 7:49am Sep 9, 2009 7:49am
Guys there is a real problem with those indies..

Look what is showing on EU/GU.. Terrible! REFRESH DON'T help

While in reality they are

moving in 1 line right now ( I checked DailyFX.com)


You can lose money based on those idies chart
Attached Image (click to enlarge)
Click to Enlarge Name: eugu.jpg Size: 75 KB
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
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