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Hedge and Correlation Strategy

  • #1,841
  • Jan 29, 2011 8:29pm Jan 29, 2011 8:29pm
Quoting monarch
Is there a way to remove the grid lines from the overlay indicator, I have changed them to black for a black screen and they are still present, I was hoping for no price lines/grid color.
Thanks in advance.
In properties click on grid and choose "NONE" rather than a particular colour.
Kind Regards
  • #1,842
  • Jan 29, 2011 8:34pm Jan 29, 2011 8:34pm
Quoting astral77
In properties click on grid and choose "NONE" rather than a particular colour.
Kind Regards
I already tried that, but there is still grids that show.
I changed background even, and tried other ways.

cheers
  • #1,843
  • Jan 29, 2011 8:38pm Jan 29, 2011 8:38pm
Quoting scali71
The templates are your indicators. Thats all you need to place the trade. You need nothing else. You know which is high and which is low so. Trade the rule and not the price indicator. Leave all emotions at the door. Watching the price while you trade causes psychological barriers.
Hey scali, I hope to watch more of this live during the week, but I have never been able to "not watch price" so this may have me biting my nails a little deeper.

I trust indicators, if there is proof that the indicator wont run away with my profits, and knowing price, it can run against me, so I would like to see some candles on the pairs I am watching to see how big the moves have been, and if they are slowing.....before I just press the button.

Now maybe after a few weeks, or even months of trading the indicator, and learning it's characteristics and such, I may just enter blindly.

Cheers.
  • #1,844
  • Jan 29, 2011 8:44pm Jan 29, 2011 8:44pm
Quoting monarch
I already tried that, but there is still grids that show.
I changed background even, and tried other ways.

cheers
Right click, properties, common, uncheck "Show Grid"

or

Right click, properties, change the color of the grid to black (or whatever your background color is)
  • #1,845
  • Jan 29, 2011 8:46pm Jan 29, 2011 8:46pm
Quoting scali71
The templates are your indicators. Thats all you need to place the trade. You need nothing else. You know which is high and which is low so. Trade the rule and not the price indicator. Leave all emotions at the door. Watching the price while you trade causes psychological barriers.
In the template you use Stochastic different pairs 1.6
People who use the latest Stochastic different pairs 1.6b don't see any indicators in the template if they have deleted 1.6 Only if they take away b in the name it works
  • #1,846
  • Jan 29, 2011 9:00pm Jan 29, 2011 9:00pm
Quoting E2u
In the template you use Stochastic different pairs 1.6
People who use the latest Stochastic different pairs 1.6b don't see any indicators in the template if they have deleted 1.6 Only if they take away b in the name it works
That worked. I was really confused when I just saw a chart of EU and people were saying that there were 4 charts in one.
  • #1,847
  • Jan 29, 2011 9:32pm Jan 29, 2011 9:32pm
Quoting Dreamliner
Everyone have a wonderful day; I'm flying from London to NY to Cleveland today, check back in later tonight from Cleveland Lord willing.

DL I live in CLeveland..... what's up coming here is this your home?


ps here is a overlayline indi for your enjoyment
Attached File(s)
File Type: mq4 OverLayChartLINE.mq4   12 KB | 910 downloads
  • #1,848
  • Jan 29, 2011 10:53pm Jan 29, 2011 10:53pm
Quoting Kowalczyk
Right click, properties, common, uncheck "Show Grid"

or

Right click, properties, change the color of the grid to black (or whatever your background color is)
I have done all of that, black lines are still running through all of my candles, and I can see the grid and prices in the background.

Thanks.
  • #1,849
  • Edited 12:56am Jan 30, 2011 12:38am | Edited 12:56am
roundrock
would highly appreaciate if we could have your modified ea and the indi with the combined spread.
did you modifiy smjones' tradable corelation1.5.mq4 or your tradable corelations_sotch diff.mq4?
is there any chance of adding 'sort by' combined spread or stoch diff options.

thanks
  • #1,850
  • Jan 30, 2011 1:27am Jan 30, 2011 1:27am
Quoting 41413592
yeah you are right,i trade EU/usd cad yeah yesterday there was a huge down move of eurusd,as you said i should prevent trade in the S/R line point ,got it man thank you very much!
I just looked at the 5-min. and 1-min. charts for EUR/USD and EUR/CAD. The only time the yellow line went over the 80% line was at 19:35 on the 1-min chart. It then reached the 20% mark at 19:57, and we would have made a small profit.

I wonder how you had a loss of 72 pips.

I hope you did not trade the correlation between EUR/USD and USD/CAD because those two pairs have almost no correlation (-21.9) If at all, you should have traded EUR/USD and EUR/CAD correlation (with a correlation of 79.4). You would have no trades on the 5-min chart and one trade on the 1-min chart with a small profit.
  • #1,851
  • Jan 30, 2011 1:28am Jan 30, 2011 1:28am
Quoting monarch
I have done all of that, black lines are still running through all of my candles, and I can see the grid and prices in the background.

Thanks.
http://www.forexfactory.com/showpost...postcount=1552
  • #1,852
  • Jan 30, 2011 4:21am Jan 30, 2011 4:21am
What time frame would you use - also I have the stoch indcator 1.6 loaded on euraud and set up for eurjpy but only get the yellow line not red or bkue I have used history tool to download data stoped and started mt4 but no look any one els had this prob - I get the text desc and % diff showing also but -200 showing also

Quoting Dreamliner
Here is my plan to test this system in the coming week:

I have 25 pairs that are positively correlated above 80%. On Sunday night I will remove some of them if Oanda shows they have excessive spreads. Not sure what "excessive" is, but probably anything above 4 will get the boot.

I am planning on taking every trade that closes above 80% and exiting at 50%, unless not in profit, in which case I will close at 20%.

I use a spreadsheet called Trading Journal Spreadsheet and I will post screenshots of my live trading. I do trade live, not...
  • #1,853
  • Jan 30, 2011 4:53am Jan 30, 2011 4:53am
deleted
  • #1,854
  • Jan 30, 2011 6:15am Jan 30, 2011 6:15am
What about to set the right lotvolume for a hedgetrade to have the right exposure calculated for the single pairs in a trade?
  • #1,855
  • Jan 30, 2011 7:44am Jan 30, 2011 7:44am
this is by far one of the best threads ive read so far at FF. Dreamliner.....i respect and admire the effort you have put into this and indeed the others for making this develope into a unique system.Look fwd to testing this next week.
  • #1,856
  • Jan 30, 2011 8:08am Jan 30, 2011 8:08am
Quoting Kowalczyk
I just looked at the 5-min. and 1-min. charts for EUR/USD and EUR/CAD. The only time the yellow line went over the 80% line was at 19:35 on the 1-min chart. It then reached the 20% mark at 19:57, and we would have made a small profit.

I wonder how you had a loss of 72 pips.

I hope you did not trade the correlation between EUR/USD and USD/CAD because those two pairs have almost no correlation (-21.9) If at all, you should have traded EUR/USD and EUR/CAD correlation (with a correlation of 79.4). You would have no trades on the 5-min chart and...
sir thanks for your reply! just one question,if i trade in M1 which timeframe's correlation should i watch?M1 or M5 or bigger?by the way i lost 72pips in eurusd and usd cad,and -21.9 is in which timeframe?
  • #1,857
  • Jan 30, 2011 8:13am Jan 30, 2011 8:13am
Quoting censura
What time frame would you use - also I have the stoch indcator 1.6 loaded on euraud and set up for eurjpy but only get the yellow line not red or bkue I have used history tool to download data stoped and started mt4 but no look any one els had this prob - I get the text desc and % diff showing also but -200 showing also
Post a screen shot of your Inputs menu for the 1.6b indicator, with your choices in place and post a screen shot of the chart that is wrong. Any minus number Less than -100 indicates one of your currencies is missing. Did you enter eurjpy or did you correctly enter EURJPY?
  • #1,858
  • Jan 30, 2011 10:01am Jan 30, 2011 10:01am
Ok, I noticed people are making and distributing Templates based on the indicator I wrote. Because of the lower case/ upper case sensitivity that I described in my last post, I have modified my stoch pairs indicator to use either lower case or upper case in the input of the currency pairs. Anyway, I am not going to change the version name of the indicator, because it would mess up all the templates people are using. So, here is the revised version with the fix using the same version name. Note: nothing else has changed, so if you do not type lower case names by accident, you do not need this indicator.
Attached File(s)
File Type: mq4 Stochastic different pairs 1.6b.mq4   17 KB | 1,976 downloads
  • #1,859
  • Jan 30, 2011 10:03am Jan 30, 2011 10:03am
Hi guys,

really great thread (5 *), i appreciate your hard work ,anyway what about right lot size for every single one open possition, because of different movements, pip value etc ?
  • #1,860
  • Edited 11:43am Jan 30, 2011 11:22am | Edited 11:43am
Would there be any interest in having lines for multiple pairings?

http://i55.tinypic.com/313glk0.gif

I am still learning this system. It seems like there are 2 camps, the positive correlations vs. the negative correlations. An indicator to display multiple pairings seems like a good idea.
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