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Hedge and Correlation Strategy

  • #1,681
  • Jan 27, 2011 10:43pm Jan 27, 2011 10:43pm
not sure what i am doing wrong...but on stochastic 1.4B I get
eurusd Diff 0% coincides with eurjpy. I looked for sample on thread to see how inputs for stochastic are set up but unable to find. Can someone share how you are setting up inputs on stochastic 1.4B or any ideas what i am doing wrong. Thanks, Ed
  • #1,682
  • Jan 28, 2011 2:32am Jan 28, 2011 2:32am
Quoting Ed777
not sure what i am doing wrong...but on stochastic 1.4B I get
eurusd Diff 0% coincides with eurjpy. I looked for sample on thread to see how inputs for stochastic are set up but unable to find. Can someone share how you are setting up inputs on stochastic 1.4B or any ideas what i am doing wrong. Thanks, Ed
Post a screen shot please
  • #1,683
  • Jan 28, 2011 3:06am Jan 28, 2011 3:06am
Hello everyone,
I read this thread yesterday and on the first page like first post was list of correlation currency(on dailyfx.com) for example EUR/USD and GBP/USD and so on. But now is first post edited by Dreamliner. Is it possible find this list? Or please kindly to Dreamliner, send this list on this forum thread please.
Thank you very very much
  • #1,684
  • Jan 28, 2011 4:40am Jan 28, 2011 4:40am
Quoting fxDaxik
Hello everyone,
I read this thread yesterday and on the first page like first post was list of correlation currency(on dailyfx.com) for example EUR/USD and GBP/USD and so on. But now is first post edited by Dreamliner. Is it possible find this list? Or please kindly to Dreamliner, send this list on this forum thread please.
Thank you very very much
http://www.mataf.net/en/tools/01-01-correlation
  • #1,685
  • Jan 28, 2011 4:51am Jan 28, 2011 4:51am
Quoting fxDaxik
Hello everyone,
I read this thread yesterday and on the first page like first post was list of correlation currency(on dailyfx.com) for example EUR/USD and GBP/USD and so on. But now is first post edited by Dreamliner. Is it possible find this list? Or please kindly to Dreamliner, send this list on this forum thread please.
Thank you very very much
As checked this with mataf I decided:

EURUSD vs GBPUSD
EURUSD vs EURJPY
GBPUSD vs EURJPY
USDCAD vs USDCHF
USDJPY vs USDCHF
EURAUD vs EURCAD
EURCAD vs EURCHF
EURCAD vs EURJPY
EURCAD vs EURNZD
EURCAD vs EURUSD
EURCHF vs EURAUD
EURJPY vs EURCHF
EURGBP vs EURUSD
EURJPY vs EURAUD
EURJPY vs EURNZD
EURAUD vs EURNZD
EURUSD vs EURAUD
EURUSD vs EURJPY

In hurry now, so I didn't double check if some pairs possibly are mentioned twice. But - anyone may confirm this list? Thank you.

josch
trading is war - life is simple
  • #1,686
  • Jan 28, 2011 5:51am Jan 28, 2011 5:51am
Hi everyone,

I started a trade on Thursday at 8h52 (GMT +1), EURUSD-EURJPY, above 80%, but Diff went high and the basket was in loss, max DD 100 pips, ...
I have wait not for a cross, not below 50%, or 20%, I have wait for breakeven and now, 29 hours later, MPTM closed trades at breakeven.

For now, ALL my trades using M1 and M5 were positives, including this one.

Patience is important, and the relationship between 2 correlated pairs is cyclical, sometimes a pair is above, sometimes is below, ......
  • #1,687
  • Jan 28, 2011 6:38am Jan 28, 2011 6:38am
L - EURUSD
S - AUDUSD
D > 60%

+12 pips, not the best correlated pair on the M5
Attached Image (click to enlarge)
Click to Enlarge Name: euau.gif Size: 22 KB
  • #1,688
  • Jan 28, 2011 6:42am Jan 28, 2011 6:42am
Quoting Caillou
Hi everyone,

I started a trade on Thursday at 8h52 (GMT +1), EURUSD-EURJPY, above 80%, but Diff went high and the basket was in loss, max DD 100 pips, ...
I have wait not for a cross, not below 50%, or 20%, I have wait for breakeven and now, 29 hours later, MPTM closed trades at breakeven.

For now, ALL my trades using M1 and M5 were positives, including this one.

Patience is important, and the relationship between 2 correlated pairs is cyclical, sometimes a pair is above, sometimes is below, ......
For me too once the DD went around 7 % of a/c but finally closed in profit. Otherwise generally whatever i enter when stoc diff is more than 60 % in 5 min it closes in set profit.
Intraday only.
  • #1,689
  • Jan 28, 2011 6:48am Jan 28, 2011 6:48am
Can someone please give me the link to EA mentioned by Dreamliner in the first post? He said it was developed by RoundRock.

Thanks.
  • #1,690
  • Jan 28, 2011 6:49am Jan 28, 2011 6:49am
Quoting navk
For me too once the DD went around 7 % of a/c but finally closed in profit. Otherwise generally whatever i enter when stoc diff is more than 60 % in 5 min it closes in set profit.
Yes, really amazing. Do you wait for the cross for exit, for a certain Diff. level or do you have a fixed TP ? In M5 I noticed all my baskets arrived at +20 pips profit without problem, sometimes after they cross obviously....
  • #1,691
  • Jan 28, 2011 6:55am Jan 28, 2011 6:55am
Quoting Caillou
Yes, really amazing. Do you wait for the cross for exit, for a certain Diff. level or do you have a fixed TP ? In M5 I noticed all my baskets arrived at +20 pips profit without problem, sometimes after they cross obviously....
I wait for set profit, after that i dont care... lol Yesterday night ( my night time ) i entered audusd buy and nzdusd sell. Today morning i saw it closed at my set 14 pips.

Same way i entered eurousd buy and eurgbp sell yesterday night b4 bed, today morning i am seeing it has closed on set profit 14 pips. Two trades on profit while sleeping.
Intraday only.
  • #1,692
  • Jan 28, 2011 7:09am Jan 28, 2011 7:09am
Quoting navk
I wait for set profit, after that i dont care... lol Yesterday night ( my night time ) i entered audusd buy and nzdusd sell. Today morning i saw it closed at my set 14 pips.

Same way i entered eurousd buy and eurgbp sell yesterday night b4 bed, today morning i am seeing it has closed on set profit 14 pips. Two trades on profit while sleeping.
Well done. I prefer a set profit too, once I enter, I set it on MPTM and I forget. I´m looking for an optimized TP, between 10-20 pips per couple of trades.
  • #1,693
  • Jan 28, 2011 7:16am Jan 28, 2011 7:16am
I have read the thread starting at page 100 as indicated on page 1. So far this has my very excited as I have always liked basket type trading. I have a question that is probably a stupid one but I'll ask anyway.

How do you determine which pair to put in the long position and which pair to put in the short position. For example... When they are at 80% or better lets say that the EURUSD Stoch is high and the USDCAD is low. Which would you go long on and which would you go short on? The EA seems to take in this example long on EU and short UCad, but I would have guessed the opposite (EU overbought and UC over sold). And maybe it doesn't matter since the correlation is what we are trading. Just curious.

Thanks for everyone's contributions. Ii am really enjoying this concept.
Over confidence can be a moral hazard.... not to mention a financial one!
  • #1,694
  • Jan 28, 2011 7:24am Jan 28, 2011 7:24am
It is worth to check in longer time frame too, say 30 min and hourly.
Intraday only.
  • #1,695
  • Jan 28, 2011 7:26am Jan 28, 2011 7:26am
Quoting Mcforex
I have read the thread starting at page 100 as indicated on page 1. So far this has my very excited as I have always liked basket type trading. I have a question that is probably a stupid one but I'll ask anyway.

How do you determine which pair to put in the long position and which pair to put in the short position. For example... When they are at 80% or better lets say that the EURUSD Stoch is high and the USDCAD is low. Which would you go long on and which would you go short on? The EA seems to take in this example long on EU and short UCad,...
When you take the cursor to your stoc indicator, which is on top, it will tell you which pair is on top. Enter sell for that pair. The other pair "buy "
Intraday only.
  • #1,696
  • Jan 28, 2011 7:38am Jan 28, 2011 7:38am
Two more closures this morning. + 28 pips !
Intraday only.
  • #1,697
  • Jan 28, 2011 7:55am Jan 28, 2011 7:55am
L - EURUSD
S - USDCHF
D > 60%

+3 - Stochs converged
Attached Image (click to enlarge)
Click to Enlarge Name: dl.gif Size: 25 KB
  • #1,698
  • Jan 28, 2011 8:07am Jan 28, 2011 8:07am
The stoc diff is + 80 % in the eurusd - usd-chf pair set. This is in the 4 hour chart. I set 100 pips profit. Let us see what happens. This is only on demo. I entered sell eurusd, buy usdchf.
Intraday only.
  • #1,699
  • Jan 28, 2011 8:07am Jan 28, 2011 8:07am
Quoting navk
When you take the cursor to your stoc indicator, which is on top, it will tell you which pair is on top. Enter sell for that pair. The other pair "buy "
Thanks for the quick reply.
Over confidence can be a moral hazard.... not to mention a financial one!
  • #1,700
  • Jan 28, 2011 8:13am Jan 28, 2011 8:13am
This is the 4 hr chart.
Attached Image (click to enlarge)
Click to Enlarge Name: euro stochastic.gif Size: 18 KB
Intraday only.
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