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Hedge and Correlation Strategy

  • #1,461
  • Jan 24, 2011 3:52pm Jan 24, 2011 3:52pm
Quoting Dreamliner
This is a very interesting twist to a so-so concept . Nicely done. Let's see what tomorrow, or maybe even Asian session tonight brings us.
Yes, I think it could work pretty well. See you tomorrow......
  • #1,462
  • Jan 24, 2011 4:02pm Jan 24, 2011 4:02pm
OK, with our new strategy I just took this trade: short cable long gbp/chf. Not a good time to take these trades, though, as we are between markets here at 5:00 PM EST. But let's just give it a try.

Hmmm...now that I have posted the below picture I'm editing this. For some reason the whole chart is not showing
Attached Image
  • #1,463
  • Edited 6:02pm Jan 24, 2011 4:26pm | Edited 6:02pm
Quoting Caillou
Here we go...

I took a possible trade for today, EUR/USD and GBP/USD, M5, Iīm GMT + 1 (I think):

10h40: green line, entry, Sell EUR/USD: 1.3525, Buy GBP/USD: 1.5877.
11h30: magenta line, exit, EUR/USD: 1.3530, GBP/USD: 1.5918.

Result: + 36 pips.

Tomorrow I will have a look to others TF, like H1 and M1......

It looks really interesting.......

Thank you Dreamliner.....
If you would like them both in the same window on the chart, I just wrote this.
Please go to this post for the latest indicator
http://www.forexfactory.com/showpost...postcount=1473
Attached Image (click to enlarge)
Click to Enlarge Name: stoc two pairs.gif Size: 10 KB
  • #1,464
  • Jan 24, 2011 4:36pm Jan 24, 2011 4:36pm
Quoting smjones
If you would like them both in the same window on the chart, I just wrote this.
Ohhhh !!!!, thank you very much. Canīt wait till tomorrow to try it....but itīs late here.....

Thank you very much
  • #1,465
  • Jan 24, 2011 4:36pm Jan 24, 2011 4:36pm
So this would be a buy on GU and a Sell on EU?
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_010.jpg Size: 75 KB
  • #1,466
  • Jan 24, 2011 4:39pm Jan 24, 2011 4:39pm
Quoting smjones
So this would be a buy on GU and a Sell on EU?
Yes, of course in theory. Itīs easy to see if it would be a good trade or not. So your indicator put 2 stochastics on the same window with these settings (100, ,1, 1), right?
  • #1,467
  • Jan 24, 2011 4:40pm Jan 24, 2011 4:40pm
Quoting Caillou
Yes, of course in theory. Itīs easy to see if it would be a good trade or not. So your indicator put 2 stochastics on the same window with these settings (100, ,1, 1), right?
Yes
  • #1,468
  • Jan 24, 2011 4:41pm Jan 24, 2011 4:41pm
Quoting smjones
Yes
Perfect.
  • #1,469
  • Jan 24, 2011 4:51pm Jan 24, 2011 4:51pm
Scott, somehow I missed this post here. This is a very nice indicator. Thank you.

Quoting smjones
If you would like them both in the same window on the chart, I just wrote this.
  • #1,470
  • Jan 24, 2011 5:33pm Jan 24, 2011 5:33pm
Scott, would it be possible to have a text somewhere that told which two pairs the stochastics were displaying? I'm going to have about 10 open charts and would be good to know what the pairs were.
  • #1,471
  • Jan 24, 2011 5:39pm Jan 24, 2011 5:39pm
Quoting Dreamliner
Scott, would it be possible to have a text somewhere that told which two pairs the stochastics were displaying? I'm going to have about 10 open charts and would be good to know what the pairs were.
Yes, give me a minute and I will post a revision
  • #1,472
  • Jan 24, 2011 5:52pm Jan 24, 2011 5:52pm
Interesting thinking, but is this suitable to replace the look at the charts?

I'm thinking about the remaining of the stoch in upper/lower level, when prices are going higher highs / lower lows. I think a look at the chart may help confirm decision to execute a trade.

josch
trading is war - life is simple
  • #1,473
  • Edited 6:17pm Jan 24, 2011 6:00pm | Edited 6:17pm
Quoting Dreamliner
Scott, would it be possible to have a text somewhere that told which two pairs the stochastics were displaying? I'm going to have about 10 open charts and would be good to know what the pairs were.
Ok here you go. I also added a new input. It is FirstSymbol. If it is left blank, then it will use the chart symbol, or you can type in any other symbol you need. So you can run multiple instances from the same chart if you want to.

Also note that I eliminated the need to type your extension after the currency pair name, such as in IBFX mini case, EURUSDm is just typed EURUSD and the program will add the proper extension.

Also note that if you hover the mouse over either of the lines, it will bring up a quick message window with the name of the pair the line is for and the value of it at that point in time.

Here is an example of four instances running on the same chart
Attached Image (click to enlarge)
Click to Enlarge Name: stoc two pairs 2.gif Size: 23 KB
Attached File(s)
File Type: mq4 Stochastic different pairs.mq4   3 KB | 1,129 downloads
  • #1,474
  • Jan 24, 2011 6:47pm Jan 24, 2011 6:47pm
Scott you are one of the good guys, so very helpful. Seems like I'm always saying thanks to you!

Quoting smjones
Ok here you go. I also added a new input. It is FirstSymbol....
  • #1,475
  • Jan 24, 2011 6:49pm Jan 24, 2011 6:49pm
P.S But a really good coder would have put an alert on that would ring my doorbell when the stochastic crossed 80 or 20 .
  • #1,476
  • Jan 24, 2011 8:03pm Jan 24, 2011 8:03pm
Quoting Dreamliner
P.S But a really good coder would have put an alert on that would ring my doorbell when the stochastic crossed 80 or 20 .
Is your doorbell ANSI compatible?
  • #1,477
  • Jan 24, 2011 8:06pm Jan 24, 2011 8:06pm
That's not fair; you know I have no idea what ANSI stands for. I always thought it is what those get who trade on the Daily or Weekly timeframe when there are no trades.

Quoting smjones
Is your doorbell ANSI compatible?
  • #1,478
  • Jan 24, 2011 8:13pm Jan 24, 2011 8:13pm
Quoting Dreamliner
That's not fair; you know I have no idea what ANSI stands for. I always thought it is what those get who trade on the Daily or Weekly timeframe when there are no trades.
American National Standards Institute. I was asking if your doorbell was a standard doorbell LOL or is it like one of those from the Addams Family or something?
  • #1,479
  • Jan 24, 2011 8:33pm Jan 24, 2011 8:33pm
I take offense at the accusation that we are like the Adams Family! Now, leave me alone while I go see to my son, Lurch's problem; he's arguing with the Thing!

Quoting smjones
American National Standards Institute. I was asking if your doorbell was a standard doorbell LOL or is it like one of those from the Addams Family or something?
  • #1,480
  • Jan 24, 2011 9:28pm Jan 24, 2011 9:28pm
Quoting Dreamliner
I take offense at the accusation that we are like the Adams Family! Now, leave me alone while I go see to my son, Lurch's problem; he's arguing with the Thing!
LOL
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