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Hedge and Correlation Strategy

  • #1,521
  • Jan 25, 2011 4:01pm Jan 25, 2011 4:01pm
Do you mean from close of one pair to close of the other pair or mean price or Highs or lows?
  • #1,522
  • Jan 25, 2011 4:04pm Jan 25, 2011 4:04pm
Quoting smjones
If this helps in back testing, I put a third line ...

SMJones,

I'm still admiring, how some people like you is sharing knowledge to forward mental work to the community. I'm no programmer -like some|many others- and appreciate your work and attitude. Thank you!

josch
trading is war - life is simple
  • #1,523
  • Jan 25, 2011 4:10pm Jan 25, 2011 4:10pm
Quoting smjones
Do you mean from close of one pair to close of the other pair or mean price or Highs or lows?
SMJones,

with 'largest range' I meant the highest price of chart 1 to lowest price of overlaying chart 2. I think, this is nothing you can calculate. It's the decision, you have to make to exec your trade, if you are suspecting, it's the best range. Nonetheless upper price may get higher despite the stoch is already at ie 85 and distance to lower will grow. Which will bring your trade -initially- in red territory.

josch
trading is war - life is simple
  • #1,524
  • Jan 25, 2011 4:23pm Jan 25, 2011 4:23pm
Scott, once again, nice work on the indicator. I only have one question: can you make a "over age 49" indicator? Meaning the text at the top, especially the difference between the 2 stochs, could be like at, oh, I don't know, size 40 font?
  • #1,525
  • Jan 25, 2011 4:36pm Jan 25, 2011 4:36pm
Quoting Dreamliner
Scott, once again, nice work on the indicator. I only have one question: can you make a "over age 49" indicator? Meaning the text at the top, especially the difference between the 2 stochs, could be like at, oh, I don't know, size 40 font?
And you fly 777s? LOL, yes, I have to change a few things around will post it later this evening.
  • #1,526
  • Jan 25, 2011 5:19pm Jan 25, 2011 5:19pm
I fly with my glasses on .

P.S. Sometimes when I open a pair, I see the red line has no history and it goes straight vertical (see attached). Is this anything I'm doing wrong, or can change?

Quoting smjones
And you fly 777s? LOL, yes, I have to change a few things around will post it later this evening.
Attached Image (click to enlarge)
Click to Enlarge Name: stoch correlation.gif Size: 23 KB
  • #1,527
  • Jan 25, 2011 5:21pm Jan 25, 2011 5:21pm
Quoting Dreamliner
I fly with my glasses on .

P.S. Sometimes when I open a pair, I see the red line has no history and it goes straight vertical (see attached). Is this anything I'm doing wrong, or can change?
Go to the chart for the pair in the same time frame that is represented by the red line and page back in that chart for a while. It happens, because you have no history in that chart in your history folder. After that, you can close the chart that the red line represents.
  • #1,528
  • Jan 25, 2011 5:23pm Jan 25, 2011 5:23pm
And since I've been so bold as to ask (I feel like Abraham), would it be possible to make the text at the top color coded to the stoch lines? In other words, I see blue is above and red is below, but is blue EUR/USD or USD/CHF? It would be nice to have the text at the top that says EUR/USD 80% coincide with the blue stoch line.

I don't even know if this is possible, and by now I've run up quite a tab with you, so if it takes a lot to do then you don't need to.

Thanks Scott!
  • #1,529
  • Edited 9:31pm Jan 25, 2011 6:53pm | Edited 9:31pm
Quoting Dreamliner
And since I've been so bold as to ask (I feel like Abraham), would it be possible to make the text at the top color coded to the stoch lines? In other words, I see blue is above and red is below, but is blue EUR/USD or USD/CHF? It would be nice to have the text at the top that says EUR/USD 80% coincide with the blue stoch line.

I don't even know if this is possible, and by now I've run up quite a tab with you, so if it takes a lot to do then you don't need to.

Thanks Scott!
WoW! You made me work for that one. LOL Here it is.
Attached Image (click to enlarge)
Click to Enlarge Name: stoc pairs 2.gif Size: 30 KB
Attached File(s)
File Type: mq4 Stochastic different pairs 1.3b.mq4   6 KB | 1,695 downloads
  • #1,530
  • Jan 25, 2011 7:01pm Jan 25, 2011 7:01pm
That looks really nice...on your screen. How do I get the color coded text to appear? Mine is still small and white. see attached...

Quoting smjones
WoW! You made me work for that one. LOL Here it is.
Attached Image (click to enlarge)
Click to Enlarge Name: stoch correlation.gif Size: 27 KB
  • #1,531
  • Jan 25, 2011 7:03pm Jan 25, 2011 7:03pm
Nevermind Scott, all I had to do is make the font bigger and voila! the colors appear. You da man!
  • #1,532
  • Jan 25, 2011 7:10pm Jan 25, 2011 7:10pm
Quoting Dreamliner
Nevermind Scott, all I had to do is make the font bigger and voila! the colors appear. You da man!
No Problem. If you find the words are to squished when you increase the font size, I can give inputs x and y to adjust where the three colored phrases appear. I have to make them three separate objects that are strung together.

Let me know, That would be easy no that it is set up.
  • #1,533
  • Jan 25, 2011 7:24pm Jan 25, 2011 7:24pm
Not for me, it all looks great.

No idea if this method will work at all, but you've made it easy with this indicator!

Quoting smjones
No Problem. If you find the words are to squished when you increase the font size, I can give inputs x and y to adjust where the three colored phrases appear. I have to make them three separate objects that are strung together.

Let me know, That would be easy no that it is set up.
  • #1,534
  • Jan 25, 2011 7:26pm Jan 25, 2011 7:26pm
Quoting Dreamliner
Not for me, it all looks great.

No idea if this method will work at all, but you've made it easy with this indicator!
Ok, Well I went ahead and put in the X Y input coordinates anyway If people want to move the Text objects around. I just reposted 1.3b with them.
  • #1,535
  • Jan 25, 2011 7:32pm Jan 25, 2011 7:32pm
Put that on my tab too!

Quoting smjones
Ok, Well I went ahead and put in the X Y input coordinates anyway If people want to move the Text objects around. I just reposted 1.3b with them.
  • #1,536
  • Jan 25, 2011 7:34pm Jan 25, 2011 7:34pm
Quoting Dreamliner
Put that on my tab too!
Because there are so many calls to various currencies when you run multi instances, if the text disappears just change time frames on the chart and then change back and that should reset everything. MT4 is a bit shaky sometimes.
  • #1,537
  • Edited 10:48pm Jan 25, 2011 9:00pm | Edited 10:48pm
here is a very basic EA that opens trades when diff > 80 and closes when < 20, you can choose your own pairs, stoch settings...

pl note there is no stoploss, takeprofit

i didnt understand when to exit. right now it exits when diff < 20
Attached File(s)
File Type: mq4 Stoch Diff 2 Pair.mq4   6 KB | 1,799 downloads
  • #1,538
  • Jan 25, 2011 9:03pm Jan 25, 2011 9:03pm
Oh no! The EA has shown up and is going to ruin the party! lol...thanks Roundrock. Let's see the results...better now than after a month of demo testing huh?

Quoting roundrock
here is a very basic EA that opens trades when diff > 80 and closes when < 20, you can choose your own pairs, stoch settings...

pl note there is no stoploss, takeprofit

i didnt understand when to exit. right now it exits when diff < 20
  • #1,539
  • Jan 25, 2011 9:18pm Jan 25, 2011 9:18pm
Quoting Dreamliner
Oh no! The EA has shown up and is going to ruin the party! lol...thanks Roundrock. Let's see the results...better now than after a month of demo testing huh?
DL, you cant use this EA to backtest. we can only do forward testing with multiple pairs. so the party will last little longer :-)
  • #1,540
  • Jan 25, 2011 9:23pm Jan 25, 2011 9:23pm
Phewww, ok at least we get to finish the popcorn!

My idea is to take any pair that goes 80% and get out at 50%.

Quoting roundrock
DL, you cant use this EA to backtest. we can only do forward testing with multiple pairs. so the party will last little longer :-)
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