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Hedge and Correlation Strategy

  • #1,881
  • Jan 30, 2011 4:43pm Jan 30, 2011 4:43pm
Quoting Dreamliner
There he goes again, chasing pips ...

Hey, where are you located? My IBFX demos have not woken up from their weekend hibernation yet to give any signals.
I thought it was just me - starting to piss me off big time. Anybody still alive at IBFX? Not intellectually alive - that would be too much to hope for - merely sentient would be a help.

  • #1,882
  • Jan 30, 2011 4:44pm Jan 30, 2011 4:44pm
Quoting Dreamliner
There he goes again, chasing pips ...

Hey, where are you located? My IBFX demos have not woken up from their weekend hibernation yet to give any signals.
Texas native. Practice acct with Go Markets & live acct with MB Trading. Good luck this week to all. Also, I can start a journal if you don't want me to clutter up your thread with posted trades.
  • #1,883
  • Jan 30, 2011 4:53pm Jan 30, 2011 4:53pm
Being trades are being done on a 5 - 15 TF do you think the corelation time period should be bumped up from a day to maybe an hour 4 hours at least
  • #1,884
  • Jan 30, 2011 5:06pm Jan 30, 2011 5:06pm
Quoting dryclean
DL I live in CLeveland..... what's up coming here is this your home?


ps here is a overlayline indi for your enjoyment
http://i54.tinypic.com/syw32p.gif

I seem to be having a little trouble. Please help. Thanks.
  • #1,885
  • Jan 30, 2011 5:09pm Jan 30, 2011 5:09pm
Hello guys,

nice thread, great strategy

One question about the dashboard indie. Is it possible to add trade- or buy/sell-buttons behind the pair columns? It would be very easy then to trade of off the dashboard alone.

Thanks for all your efforts.
  • #1,886
  • Jan 30, 2011 5:10pm Jan 30, 2011 5:10pm
L - eurjpy
s - euraud
d > 70
m5
Attached Image (click to enlarge)
Click to Enlarge Name: euraud vs eurjpy.gif Size: 22 KB
  • #1,887
  • Jan 30, 2011 5:21pm Jan 30, 2011 5:21pm
Quoting tjfxtrader
http://i54.tinypic.com/syw32p.gif

I seem to be having a little trouble. Please help. Thanks.
If you jump from one screen to another it will do this ....refreh chart manualy or wait for tick to do it
  • #1,888
  • Jan 30, 2011 5:35pm Jan 30, 2011 5:35pm
Quoting dryclean
If you jump from one screen to another it will do this ....refreh chart manualy or wait for tick to do it
Thank you.
  • #1,889
  • Jan 30, 2011 5:36pm Jan 30, 2011 5:36pm
Quoting Pip Chaser
L - eurjpy
s - euraud
d > 70
m5

You seem to understand this. Must one trade both pairs to be successful with this method?
  • #1,890
  • Jan 30, 2011 5:40pm Jan 30, 2011 5:40pm
So far from what I can tell, is when the price is over 80 buy that pair....

I am watching numerous pairs, and if your taking short based on the 80 line and the yellow at 80, you could find yourself in some draw down.

This is why we need to watch, I am still under the impression that the yellow has to go back under the 80 line, and the stoch also.

Let's see how some of these pairs which are there now on the 5m will do.

Note: There is 4 correlating pairs I am watching presently.
GBP/USD - EUR/AUD
EUR/CHF - EUR/AUD
They have now reached the 95 line on the Stoch, and the yellow has reached the 80 line.
This is my requirement so far, from what I have seen from looking back.
Now I will attempt to short the top pair and buy the bottom pair, after yellow falls under 80.
  • #1,891
  • Jan 30, 2011 5:44pm Jan 30, 2011 5:44pm
Quoting tjfxtrader
You seem to understand this. Must one trade both pairs to be successful with this method?
We don't know which pair (if not both) will converge. Therefore, I believe both pairs must be traded.
  • #1,892
  • Jan 30, 2011 5:52pm Jan 30, 2011 5:52pm
Quoting Pip Chaser
We don't know which pair (if not both) will converge. Therefore, I believe both pairs must be traded.
When I originally looked this over, I was thinking I could only short the upper pair, but after spending numerous hours yesterday checking it all out I have also come to the conclusion also that one has to trade both pairs.

Cheers.
  • #1,893
  • Jan 30, 2011 6:03pm Jan 30, 2011 6:03pm
Quoting Dreamliner
Going Home Trading Method!

You can skip the first 99 pages of this thread, as we have changed over time, refining our entries and exits, and developing a much better method. Start reading on page 100 (or even pages 95-96 if you want some background) which is here....
I am sorry if I am asking stupid question. I went thru the thread and again from post 100 but cant find the "template" or the indicator Stochastic Different Pairs 1.4b mentioned in the first post. Either I am blind or really dumb this evening. Can some one point it out to me.
thanks
  • #1,894
  • Edited 6:10pm Jan 30, 2011 6:08pm | Edited 6:10pm
Quoting ES Trader
I am sorry if I am asking stupid question. I went thru the thread and again from post 100 but cant find the "template" or the indicator Stochastic Different Pairs 1.4b mentioned in the first post. Either I am blind or really dumb this evening. Can some one point it out to me.
thanks
Here are 3 indicators, templates, your on your own.

Cheers.
Attached File(s)
File Type: mq4 Tradable Correlations_StochDiff(2).mq4   11 KB | 1,313 downloads
File Type: mq4 Stochastic different pairs 1.6b.mq4   13 KB | 1,369 downloads
File Type: mq4 OverLayChart(2).mq4   9 KB | 1,218 downloads
  • #1,895
  • Jan 30, 2011 6:09pm Jan 30, 2011 6:09pm
Quoting monarch
Here are 2 indicators, templates, your on your own.

Cheers.
Thanks
  • #1,896
  • Jan 30, 2011 6:12pm Jan 30, 2011 6:12pm
Quoting ES Trader
Thanks
I have several templates for what I am using in the testing of this strategy, unfortunately I cannot find them in my properties, but they are on my platform, sorry.

On the tradeable correlation, I put this on a EU chart, and rid the candles/line graph, so I can just see the correlating pairs.
  • #1,897
  • Jan 30, 2011 6:16pm Jan 30, 2011 6:16pm
Well, I was surprised that the first pair traded was a negative pair.

I went long on EU and short on UCad, after the EU rose for a +10 pips, and UCAD went to break even I closed the trade.

I did not wait for the 50 line on this, since it was a negative pair.

I have my eyes for 2 positive trades currently, I will post the results.
  • #1,898
  • Jan 30, 2011 6:16pm Jan 30, 2011 6:16pm
Quoting Pip Chaser
We don't know which pair (if not both) will converge. Therefore, I believe both pairs must be traded.
That seems to make sense. Thanks for your observation.
  • #1,899
  • Jan 30, 2011 6:35pm Jan 30, 2011 6:35pm
scott

17:40:16 Tradable Correlations_StochDiff USDJPY,H4: ArrayCopySeries function internal error

I get this error messsage from the indi any thouhts
  • #1,900
  • Jan 30, 2011 6:38pm Jan 30, 2011 6:38pm
Quoting monarch
Note: There is 4 correlating pairs I am watching presently.
GBP/USD - EUR/AUD
EUR/CHF - EUR/AUD
They have now reached the 95 line on the Stoch, and the yellow has reached the 80 line.
This is my requirement so far, from what I have seen from looking back.
Now I will attempt to short the top pair and buy the bottom pair, after yellow falls under 80.
I watched these 2 setups form, the GBP/USD went up nicely as the EUR/AUD did not move down as nice.
The EUR/CHF was also moving up, but EUR/AUD was not as good.

I may put this in my rules, to only trade against one pair at a time, so in this setup, I would have taken only a GBP/USD against the EUR/AUD, or the EUR/CHF against the EUR/AUD.

Part of the testing process.
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