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Hedge and Correlation Strategy

  • #1,721
  • Jan 28, 2011 3:11pm Jan 28, 2011 3:11pm
Quoting josch
smjones,

beside all valid positive correlations my screen shows me about 120 negative correlations, and about 100 of them with a value -200%. Seems to be pairs which don't exist with my broker (i.e. AUDCHF). Any idea?

josch
You are missing history on some of the pairs.

Let it run for a while and it could pick them up. Also go to Market Watch and right click and select show all. Make sure you have all of these currencies. The extensions are not important just the 6 letter currencies.
PHP Code
s[0]="AUDCAD"+m;  s[1]="AUDCHF"+m;  s[2]="AUDJPY"+m;  s[3]="AUDNZD"+m;  s[4]="AUDUSD"+m;
      s[5]="CADJPY"+m;  s[6]="CHFJPY"+m;  s[7]="EURAUD"+m;  s[8]="EURCAD"+m;  s[9]="EURCHF"+m;
      s[10]="EURGBP"+m; s[11]="EURJPY"+m; s[12]="EURNZD"+m; s[13]="EURUSD"+m; s[14]="GBPAUD"+m; 
      s[15]="GBPCAD"+m; s[16]="GBPCHF"+m; s[17]="GBPJPY"+m; s[18]="GBPNZD"+m; s[19]="GBPUSD"+m;
      s[20]="NZDCHF"+m; s[21]="NZDJPY"+m; s[22]="NZDUSD"+m; s[23]="USDCAD"+m; s[24]="USDCHF"+m;
      s[25]="USDJPY"+m;
  • #1,722
  • Jan 28, 2011 3:16pm Jan 28, 2011 3:16pm
Quoting smjones
You are missing history on some of the pairs. ... [/php]
yes, I think reason is, because I have i.e. no AUDCHF. Any chance to cut out such pairs?

josch
trading is war - life is simple
  • #1,723
  • Jan 28, 2011 3:17pm Jan 28, 2011 3:17pm
If you are missing pairs, I don't know what to tell you on the ones that can't be read. Who is your broker? can you take a screen shot of your Market Watch after you select show all?
  • #1,724
  • Jan 28, 2011 3:18pm Jan 28, 2011 3:18pm
Quoting josch
yes, I think reason is, because I have i.e. no AUDCHF. Any chance to cut out such pairs?

josch
Post a screen shot of your market watch and I will see what I can do.
  • #1,725
  • Jan 28, 2011 3:26pm Jan 28, 2011 3:26pm
Quoting josch
yes, I think reason is, because I have i.e. no AUDCHF. Any chance to cut out such pairs?

josch

Never mind, I do not need the screen shot I can capture the no existent pairs on my end. Give me a few minutes and I will post version 1.2 that will replace version 1.1
  • #1,726
  • Jan 28, 2011 3:32pm Jan 28, 2011 3:32pm
josch,
This version will catch any currencies you do not have. So it should work with any broker.

I attached to this post

http://www.forexfactory.com/showpost...postcount=1718
  • #1,727
  • Jan 28, 2011 3:38pm Jan 28, 2011 3:38pm
Quoting smjones
josch,
This version will catch any currencies you do not have. So it should work with any broker.

I attached to this post

http://www.forexfactory.com/showpost...postcount=1718

smjones,

it's working. Thank you and have a great weekend.

josch
trading is war - life is simple
  • #1,728
  • Jan 28, 2011 4:34pm Jan 28, 2011 4:34pm
This thread is the best one I have read at FF. Thanks everybody.

Scott, quintuple thanks.

DL, pure genius.

  • #1,729
  • Jan 28, 2011 5:42pm Jan 28, 2011 5:42pm
Quick question. How are you using the offchart to determine to trade or not? For the most part it looks like 1.4b says all you need to know?
  • #1,730
  • Jan 28, 2011 5:47pm Jan 28, 2011 5:47pm
Quoting scali71
Quick question. How are you using the offchart to determine to trade or not? For the most part it looks like 1.4b says all you need to know?
As I said in a post earlier, it was just a simple test indicator I wrote to see both prices on the same screen with no scaling difficulty. It is not used for any strategy I am aware of. I am actually surpised anyone wanted it.
  • #1,731
  • Jan 28, 2011 5:58pm Jan 28, 2011 5:58pm
Hello,

Someone mentioned only to use positive collerated pairs? Is that correct?

Thanks,
Vip
  • #1,732
  • Jan 28, 2011 6:29pm Jan 28, 2011 6:29pm
Is it possible to make the <50% alert only go off if the >80% has happened?

Quoting smjones
1.5b If you want to use it also prints the correlation of the pair it is set for.
  • #1,733
  • Jan 28, 2011 6:32pm Jan 28, 2011 6:32pm
WOW, these indicators are really amazing Scott!! Unbelievable. Numerous and much thanks coming your way!

Quoting smjones
1.5b If you want to use it also prints the correlation of the pair it is set for.
  • #1,734
  • Jan 28, 2011 6:35pm Jan 28, 2011 6:35pm
Quoting Dreamliner
Is it possible to make the <50% alert only go off if the >80% has happened?
That is how the 1.5 and the 1.5b works.
  • #1,735
  • Jan 28, 2011 6:36pm Jan 28, 2011 6:36pm
Wow, that is saying something coming from the famous Steve Hopwood, thank you very much.

Quoting SteveHopwood
This thread is the best one I have read at FF. Thanks everybody.

Scott, quintuple thanks.

DL, pure genius.

  • #1,736
  • Jan 28, 2011 6:54pm Jan 28, 2011 6:54pm
Quoting Dreamliner
Is it possible to make the <50% alert only go off if the >80% has happened?
Of course if you reinitialize the indicator it cannot remember that the 80 happened already. Let me see if I can put that data in a global variable so it will remember, cause I suspect you are switching time frames and currencies on the same chart, which will cause it to lose memory.
  • #1,737
  • Jan 28, 2011 6:57pm Jan 28, 2011 6:57pm
Some use positive, some (with great big kahunas) use negative. Try it out yourself and see which you prefer.

Quoting guess121
Hello,

Someone mentioned only to use positive collerated pairs? Is that correct?

Thanks,
Vip
  • #1,738
  • Jan 28, 2011 6:58pm Jan 28, 2011 6:58pm
I'm not switching timeframes, I'm just starting up MT4 after flying across the world, and when I restart it I get a lot of <50% alerts. No problem if this is the way it is, I just thought I'd ask.

Quoting smjones
Of course if you reinitialize the indicator it cannot remember that the 80 happened already. Let me see if I can put that data in a global variable so it will remember, cause I suspect you are switching time frames and currencies on the same chart, which will cause it to lose memory.
  • #1,739
  • Jan 28, 2011 7:05pm Jan 28, 2011 7:05pm
Quoting Dreamliner
I'm not switching timeframes, I'm just starting up MT4 after flying across the world, and when I restart it I get a lot of <50% alerts. No problem if this is the way it is, I just thought I'd ask.
My last message did not get through, where I said I would make them global hard variables, so the indicator would remember even if you turned of the computer or took the indicator off the chart and then put it back on. 1.5c does this.
  • #1,740
  • Jan 28, 2011 7:07pm Jan 28, 2011 7:07pm
Quoting Dreamliner
Some use positive, some (with great big kahunas) use negative. Try it out yourself and see which you prefer.
I spent the week watching Eur/Usd against the USD/CHF, and was pleased.

I am thinking more of the positive for this week, I have smjones new indi showing all the pairs, so I have setup up at least 4 charts on a 1hour to daily, and will wait for the first red or blue line to cross those 20/80 lines.

I am thinking I need a lot more screen time to really understand this overall, if you have any pointers, I would really appreciate.

cheers.
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