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Hedge and Correlation Strategy

  • #1,901
  • Edited 7:28pm Jan 30, 2011 7:02pm | Edited 7:28pm
Quoting dryclean
scott

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

I get this error messsage from the indi any thouhts
Not my indicator. sorry can't answer your question
  • #1,902
  • Jan 30, 2011 7:30pm Jan 30, 2011 7:30pm
Quoting smjones
Not my indicator. sorry can't answer your question


Use my version. In one of may recent posts version 1.5 Tradable Correlations

http://www.forexfactory.com/showpost...postcount=1814
thought this was yours here is a screen shot
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 73 KB
  • #1,903
  • Jan 30, 2011 7:34pm Jan 30, 2011 7:34pm
Quoting dryclean
thought this was yours here is a screen shot
My indicator is Tradable correlations 1.5

Not

Tradable Correlations_StochDiff

The indicator you are displaying looks like my indicator, but if it has the name Tradable Correlations_StochDiff Some one has modified or changed it. Any way, I am not having any errors on mine. based on the error message. It is my indicator. I do not know what the arraycopy error is, because I am not using arraycopy function. I suggest you download my 1.5 version again and use it.
  • #1,904
  • Jan 30, 2011 7:35pm Jan 30, 2011 7:35pm
Tonight so far I've made 34 pips. I'm attaching a picture of my spreadsheet journal if you'd like to see the trades.
Attached File(s)
File Type: doc Hedge.doc   272 KB | 1,871 downloads
  • #1,905
  • Edited 7:53pm Jan 30, 2011 7:40pm | Edited 7:53pm
Quoting dryclean
thought this was yours here is a screen shot
I do use Arraycopy. Looking into it.
  • #1,906
  • Jan 30, 2011 7:44pm Jan 30, 2011 7:44pm
Oh I see the error now, only on the 240 time frame. I'll look into it when I have time. I am getting a little too busy now that the week has started.

When I just go and re initialize the indicator a second time with the 240 minute input, it works fine, so that means On the first time you change the time frame, it must be requesting data that has not formed yet.

There really is not anything wrong, it is that the data was just not there. Now that you have used the 240 time frame, when you go back and forth there will not be an error, because the history is there now.
  • #1,907
  • Jan 30, 2011 7:50pm Jan 30, 2011 7:50pm
Quoting Dreamliner
Tonight so far I've made 34 pips. I'm attaching a picture of my spreadsheet journal if you'd like to see the trades.
Hi

I also traded the EURAUD Short at 00:33gmt price 1.3750 and closed 01:25gmt price 1.37202 = Profit 30 pips.

However, I also went Long EURCHF at the same time price 1.28040 and closed as above price 1.27873 = loss -17 pips.

I notice from your excel chart you are trading only one side of the correlation. Is this correct and if so what is the reason for it? Do you take other factors into account (e.g. EURCHF is in a down trend across nearly all TFs, the stochs are flat lining, etc).

Kind Regards
  • #1,908
  • Jan 30, 2011 7:52pm Jan 30, 2011 7:52pm
Quoting smjones
My indicator is Tradable correlations 1.5

Not

Tradable Correlations_StochDiff

The indicator you are displaying looks like my indicator, but if it has the name Tradable Correlations_StochDiff Some one has modified or changed it. Any way, I am not having any errors on mine. based on the error message. It is my indicator. I do not know what the arraycopy error is, because I am not using arraycopy function. I suggest you download my 1.5 version again and use it.

ok sorry something must have gotten corrupted will delete all and re download

oops just saw your post..... yea lets trade fix latter
  • #1,909
  • Jan 30, 2011 7:55pm Jan 30, 2011 7:55pm
Quoting dryclean
ok sorry something must have gotten corrupted will delete all and re download
No need, see my post just before this one. Just go through all of the time frames you will use. 1 5 15 30 60 240 1440 10080 43200

and ignore the errors. This will force the history to be updated and then you will never get the error again when you go to that time frame in the future.
  • #1,910
  • Jan 30, 2011 8:11pm Jan 30, 2011 8:11pm
I always trade both sides of the correlation; what you are looking at, in those 4 entries, are 2 trades. I take nothing else into account, as of right now anyway, other than the yellow line going above 80. I don't want to complicate things if it works as is. If it doesn't then I'll start looking at what is wrong.

Quoting astral77
Hi

I also traded the EURAUD Short at 00:33gmt price 1.3750 and closed 01:25gmt price 1.37202 = Profit 30 pips.

However, I also went Long EURCHF at the same time price 1.28040 and closed as above price 1.27873 = loss -17 pips.

I notice from your excel chart you are trading only one side of the correlation. Is this correct and if so what is the reason for it? Do you take other factors into account (e.g. EURCHF is in a down trend across nearly all TFs, the stochs are flat lining, etc).

Kind Regards
  • #1,911
  • Jan 30, 2011 8:31pm Jan 30, 2011 8:31pm
Quoting Dreamliner
I always trade both sides of the correlation; what you are looking at, in those 4 entries, are 2 trades. I take nothing else into account, as of right now anyway, other than the yellow line going above 80. I don't want to complicate things if it works as is. If it doesn't then I'll start looking at what is wrong.
Nice job on the trades, I think the (don't complicate things) is the way to trade this.

I went back over your trades, and see some things I missed.

Hoping this week will enlighten us all.

Cheers
  • #1,912
  • Jan 30, 2011 8:34pm Jan 30, 2011 8:34pm
Quoting Dreamliner
I always trade both sides of the correlation; what you are looking at, in those 4 entries, are 2 trades. I take nothing else into account, as of right now anyway, other than the yellow line going above 80. I don't want to complicate things if it works as is. If it doesn't then I'll start looking at what is wrong.
Thanks for your reply. You are absolutely right in not wanting to over complicate things as they say KISS principal is the best way forward. I realized that I was looking at EURAUD-EURCHF pairs and you had traded EURJPY-EURAUD and EURAUD-GBPUSD pairs.

Kind regards
P.S. for people who have not heard of KISS and are wondering what it stands for, it is short for Keep It Simple Stupid. I have been told US military first used this in order to remind soldiers not to overcomplicate missions and keep it simple.
  • #1,913
  • Jan 30, 2011 8:35pm Jan 30, 2011 8:35pm
Quoting Dreamliner
Tonight so far I've made 34 pips. I'm attaching a picture of my spreadsheet journal if you'd like to see the trades.
DL, Your excel looks very good, if you dont mind can you attach it here ? i am looking for a good trading journal excel

thanks a lot
  • #1,914
  • Jan 30, 2011 8:35pm Jan 30, 2011 8:35pm
Just got another 15 pips on:

EUR/CHF: Buy
GBP/CAD: Sell

Total of 49 pips tonight so far.
  • #1,915
  • Jan 30, 2011 8:58pm Jan 30, 2011 8:58pm
I can't post it because it is copyrighted, but I do highly recommend this spreadsheet, it is fantastic. You can find it here. (I am not an affiliate, nor do I get paid in any way to recommend this product, I am just a user who likes it).

Quoting roundrock
DL, Your excel looks very good, if you dont mind can you attach it here ? i am looking for a good trading journal excel

thanks a lot
  • #1,916
  • Jan 30, 2011 9:08pm Jan 30, 2011 9:08pm
2 successful trades today
GBP/CHF for 26 pips
GBP/AUD for 22 pips
There were 6 or 8 setups when the market opened and all would have been successful. Both of the above trades kept going and I switched to 15 min time frame and exited when the yellow line came down to 25 in the stochach window
  • #1,917
  • Jan 30, 2011 9:23pm Jan 30, 2011 9:23pm
Quoting smjones
My indicator is Tradable correlations 1.5

Not

Tradable Correlations_StochDiff

The indicator you are displaying looks like my indicator, but if it has the name Tradable Correlations_StochDiff Some one has modified or changed it. Any way, I am not having any errors on mine. based on the error message. It is my indicator. I do not know what the arraycopy error is, because I am not using arraycopy function. I suggest you download my 1.5 version again and use it.
I think roundrock said he used some of your code for his correlation summary indicator (see post 1776) which has the name 'Tradable correlations with stochdiff'. He put an alert on it so it only needed to be put on one chart to get an alert for any pair. I tried his indi today as it had the alert but I notice that the stoch difference isn't updating on the screen, it just stays at the first calculated figure it seems, unless you click to another TF when it then updates.
  • #1,918
  • Jan 30, 2011 9:27pm Jan 30, 2011 9:27pm
Good job, Ray! Did you switch to 15 minute timeframe before the trade or after you entered it?

Quoting Ray Singcar
2 successful trades today
GBP/CHF for 26 pips
GBP/AUD for 22 pips
There were 6 or 8 setups when the market opened and all would have been successful. Both of the above trades kept going and I switched to 15 min time frame and exited when the yellow line came down to 25 in the stochach window
  • #1,919
  • Jan 30, 2011 9:31pm Jan 30, 2011 9:31pm
Quoting occamsrazors
I think roundrock said he used some of your code for his correlation summary indicator (see post 1776) which has the name 'Tradable correlations with stochdiff'. He put an alert on it so it only needed to be put on one chart to get an alert for any pair. I tried his indi today as it had the alert but I notice that the stoch difference isn't updating on the screen, it just stays at the first calculated figure it seems, unless you click to another TF when it then updates.
Yeah I already fixed that issue in my 1.5 version, I cannot speak to his indicator based on my code, but I know what the issue was. It was a couple of things, but I don't really want to make update changes to an indicator that I did not write, sorry.
  • #1,920
  • Jan 30, 2011 9:42pm Jan 30, 2011 9:42pm
Quoting smjones
Yeah I already fixed that issue in my 1.5 version, I cannot speak to his indicator based on my code, but I know what the issue was. It was a couple of things, but I don't really want to make update changes to an indicator that I did not write, sorry.
Yep, no probs SM wasn't expecting you to look at it, I should have said that. Just mentioned it in case anyone else was trying to use it. Maybe Roundrock might have a look if he gets a chance, I think he said he hadn't had a chance to test it live yet when he posted it.... Thanks for your indi btw...
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