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Hedge and Correlation Strategy

  • #1,561
  • Jan 26, 2011 8:30am Jan 26, 2011 8:30am
Quoting peje
This is what should be precise compared to stochastic. Let's test it.
Is "Pair Difference In Pips.mq4" redundant in case of "test2" version?
I am sorry, I do not understand your question. They are different indicators. test2 is just s imple indicator that subtacts the EURUSDconverted to a integer whole number from USDCHF that is also converted to a whole number. I already explained bothe of these in posts above, please refer back.
  • #1,562
  • Jan 26, 2011 8:43am Jan 26, 2011 8:43am
Ok one more and then I am gone to take a nap. LOL
Attached Image (click to enlarge)
Click to Enlarge Name: pair diff.gif Size: 32 KB
  • #1,563
  • Jan 26, 2011 8:51am Jan 26, 2011 8:51am
Honest, I'm tired. LOL
Attached Image (click to enlarge)
Click to Enlarge Name: pair diff.gif Size: 33 KB
  • #1,564
  • Jan 26, 2011 9:03am Jan 26, 2011 9:03am
I switched the entry tags on the USDCHF over to the PairDiff chart, because the window scaling on the overlay chart makes them look weird when they get moved to the left . All entries are valid.
Attached Image (click to enlarge)
Click to Enlarge Name: pair diff.gif Size: 34 KB
  • #1,565
  • Edited 9:59am Jan 26, 2011 9:13am | Edited 9:59am
That was 8 pairs of trades live, so far, I think that describes what I am talking about here. Good night everyone see you tomorrow.

Edit: I made one more little change. I removed the pair difference chart, because as peje said, it is redundant and wrote a quick off chart indicator for the second pair. The blue little arrows are the places were we placed the trades live earlier in the screen shots posted This will make it easier to keep track. I am not placing actual trades right this minute, because I just came up with this idea.

Here is the indicator for the second pair if anyone wants it. It is very simple
Attached Image (click to enlarge)
Click to Enlarge Name: pair diff.gif Size: 26 KB
Attached File(s)
File Type: mq4 OffChartPrice.mq4   2 KB | 1,356 downloads
  • #1,566
  • Jan 26, 2011 10:17am Jan 26, 2011 10:17am
Of course, you could really do the same thing with just the EURCHF, but it is a bit harder to see the equilibriums and the diversions.
  • #1,567
  • Jan 26, 2011 10:21am Jan 26, 2011 10:21am
Wow, you stumbled onto a good method!

Scott, is it possible to put an alert with popup/email on the stochastic different pairs 1.3b indicator? I just want to be notified when it goes over 80%. I've had 3 profitable trades on the 5 minute today just taking every trade that went over 80 and exiting when it came back to 50.

Quoting smjones
Of course, you could really do the same thing with just the EURCHF, but it is a bit harder to see the equilibriums and the diversions.
  • #1,568
  • Jan 26, 2011 10:23am Jan 26, 2011 10:23am
Quoting Dreamliner
Wow, you stumbled onto a good method!

Scott, is it possible to put an alert with popup/email on the stochastic different pairs 1.3b indicator? I just want to be notified when it goes over 80%. I've had 3 profitable trades on the 5 minute today just taking every trade that went over 80 and exiting when it came back to 50.
Sure, when either Pair goes over 80 or just one, and if so, which one?
  • #1,569
  • Jan 26, 2011 10:25am Jan 26, 2011 10:25am
Just the yellow line. So when the difference between the pairs is 80 or greater.

Quoting smjones
Sure, when either Pair goes over 80 or just one, and if som which one?
  • #1,570
  • Jan 26, 2011 10:28am Jan 26, 2011 10:28am
Quoting Dreamliner
Just the yellow line. So when the difference between the pairs is 80 or greater.
Ok, but I have never done an email alert. I can do the pop up, but would need some advise on the email part.
  • #1,571
  • Jan 26, 2011 10:31am Jan 26, 2011 10:31am
Quoting smjones
Ok, but I have never done an email alert. I can do the pop up, but would need some advise on the email part.
I'm posting an indicator with an email alert, have no idea whether it will help or not.
Attached File(s)
File Type: mq4 NewCandle(3).mq4   2 KB | 725 downloads
  • #1,572
  • Jan 26, 2011 10:40am Jan 26, 2011 10:40am
Quoting Dreamliner
I'm posting an indicator with an email alert, have no idea whether it will help or not.
Ok, that is easy, I will do it now. So much for sleeping. over rated anyway. LOL
  • #1,573
  • Jan 26, 2011 10:41am Jan 26, 2011 10:41am
you need to send alert only once per occurance. not every bar as long as it stays above 80. when it comes below 80 and goes up above 80 again, new alert can come
  • #1,574
  • Jan 26, 2011 10:42am Jan 26, 2011 10:42am
SLEEPING! You kidding me? What are we paying you for anyway?

Oh wait...

Quoting smjones
Ok, that is easy, I will do it now. So much for sleeping. over rated anyway. LOL
  • #1,575
  • Jan 26, 2011 10:55am Jan 26, 2011 10:55am
Quoting roundrock
you need to send alert only once per occurance. not every bar as long as it stays above 80. when it comes below 80 and goes up above 80 again, new alert can come
Thanks for the info.

DL, Here it is, I think this will do what you want.
Attached File(s)
File Type: mq4 Stochastic different pairs 1.4.mq4   7 KB | 1,853 downloads
  • #1,576
  • Jan 26, 2011 11:35am Jan 26, 2011 11:35am
Since we are trading positive correlated pairs, I think the most important is to enter trades when an unbalanced situation arrives for the couple of pairs. After that, sooner or later, the market must get this situation balanced (in theory).

Today I made 15 trades (all winners) on M1, I enter each time the Stoch Difference reaches the 60%, and I enter a new couple of trades each time a difference reaches this level. So sometimes the basket has 2, 4, or 6 trades.

I exit when the MPTM (EA) closes all trades at a fixed quantity of pips (for example in my case I choose 10 pips)...

Just another exit strategy test......for now it works.....
Attached File(s)
File Type: mq4 Multi purpose trade manager.mq4   100 KB | 1,372 downloads
  • #1,577
  • Jan 26, 2011 12:29pm Jan 26, 2011 12:29pm
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
I set 80 % for entry and and 20 % for exit. in eurusd and usdchf pairs. Two trades picked up and closed.

First trade 11 pips second trade 36 pips. Third trade in process. Will test more.
Intraday only.
  • #1,578
  • Jan 26, 2011 12:35pm Jan 26, 2011 12:35pm
Quoting Caillou
Since we are trading positive correlated pairs, I think the most important is to enter trades when an unbalanced situation arrives for the couple of pairs. After that, sooner or later, the market must get this situation balanced (in theory).

Today I made 15 trades (all winners) on M1, I enter each time the Stoch Difference reaches the 60%, and I enter a new couple of trades each time a difference reaches this level. So sometimes the basket has 2, 4, or 6 trades.

I exit when the MPTM (EA) closes all trades at a fixed quantity of pips (for example...
I too do this way when i trade manually in different pair combinations. Usually i set in terms of $. I use close all EA for this purpose.
Intraday only.
  • #1,579
  • Jan 26, 2011 12:38pm Jan 26, 2011 12:38pm
Quoting Caillou
Since we are trading positive correlated pairs, I think the most important is to enter trades when an unbalanced situation arrives for the couple of pairs. After that, sooner or later, the market must get this situation balanced (in theory).

Today I made 15 trades (all winners) on M1, I enter each time the Stoch Difference reaches the 60%, and I enter a new couple of trades each time a difference reaches this level. So sometimes the basket has 2, 4, or 6 trades.

I exit when the MPTM (EA) closes all trades at a fixed quantity of pips (for example...
Calliou : What i noticed untill now, if you enter at let us say 50 % and the gap increses, never mind as long as you have enough margin to withstand. Finally you close in little profit. We have to test all conditions.
Intraday only.
  • #1,580
  • Jan 26, 2011 12:52pm Jan 26, 2011 12:52pm
I do believe this is exactly right, thank you Scott! Now go to sleep for heaven's sake!

Quoting smjones
Thanks for the info.

DL, Here it is, I think this will do what you want.
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