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Hedge and Correlation Strategy

  • #2,061
  • Feb 1, 2011 12:25pm Feb 1, 2011 12:25pm
Quoting navk
Your indi shows many positive corelated pairs. My indicator shows only 19 pais. Which version of tradeble corelation indi you are using ?
I think there is only one version.

Does your broker has all the pairs ?.

I use IBFX and they seem to have almost all pairs including some exotic ones.
  • #2,062
  • Feb 1, 2011 12:28pm Feb 1, 2011 12:28pm
Quoting ES Trader
I think there is only one version.

Does your broker has all the pairs ?.

I use IBFX and they seem to have almost all pairs including some exotic ones.
Oh ok got it thanks. By the way in 30 min TF what was the max DD tou have seen in any pair set ?
Intraday only.
  • #2,063
  • Feb 1, 2011 12:41pm Feb 1, 2011 12:41pm
Quoting navk
Oh ok got it thanks. By the way in 30 min TF what was the max DD tou have seen in any pair set ?
I did have some draw downs of about 50-60 pips but that seem to happen when I added additional contracts.
  • #2,064
  • Edited 1:32pm Feb 1, 2011 1:00pm | Edited 1:32pm
This is a new version of the Tradable Correlations table that has many new features. It has alerts, sorts, filters, adjustable time frames, adjustable alerting and adjustable email alerts. It has the stochastic difference and the combined spreads (in pips), not pipetts and a few more things.

I also included a doc and also a pdf (if you don't have Word) that explains it.

I hope you enjoy it. So now you need not be distracted with pairs you do not want to see, that do not meet the criteria you set.
Attached File(s)
File Type: mq4 Tradable Correlations 1.6.mq4   13 KB | 2,162 downloads
File Type: doc Tradable Correlations 16.doc   22 KB | 1,970 downloads
File Type: pdf Tradable Correlations 16.pdf   4 KB | 2,835 downloads
  • #2,065
  • Feb 1, 2011 1:06pm Feb 1, 2011 1:06pm
Quoting smjones
This is a new version of the Tradable Correlations table that has many new features. It has alerts, sorts, filters, adjustable time frames, adjustable alerting and adjustable email alerts. It has the stochastic difference and the combined spreads (in pips), not pipetts and a few more things.

I also included a doc that explains it.

I hope you enjoy it. So now you need not be distracted with pairs you do not want to see, that do not meet the criteria you set.
Fabulous, SM, Thanks a lot
  • #2,066
  • Feb 1, 2011 1:10pm Feb 1, 2011 1:10pm
Quoting ES Trader
I did have some draw downs of about 50-60 pips but that seem to happen when I added additional contracts.
ES Trader,

'seems to happen' sounds like you're using an EA to add. If - is it one of the shared of DLs thread?

josch
trading is war - life is simple
  • #2,067
  • Feb 1, 2011 1:25pm Feb 1, 2011 1:25pm
Quoting smjones
This is a new version of the Tradable Correlations table that has many new features. It has alerts, sorts, filters, adjustable time frames, adjustable alerting and adjustable email alerts. It has the stochastic difference and the combined spreads (in pips), not pipetts and a few more things.

I also included a doc that explains it.

I hope you enjoy it. So now you need not be distracted with pairs you do not want to see, that do not meet the criteria you set.

Hello, im trying to use tradable correlations and i have a problem. To attach it we need to put it in front of an existing chart.. but when i see the graphs of the other members they seem to have it in an indiivudal windows wich is way better than having candles and stuff behind.

Hope you can help me. And ill be also posting my results in a few days..
  • #2,068
  • Feb 1, 2011 1:29pm Feb 1, 2011 1:29pm
Greetings all,

I wanted to report in on my results. I've had several little profitable trades, 10-12 pips here and there, and I've had one horribly bad trade. That bad trade was on GBP/NZD USD/JPY which is positively correlated at over 75%. This was a very bad trade, and I lost 62 pips on it before closing out. It wiped out almost all previous profits (not quite, still profitable by a little). I watched it down about 20 pips when the yellow line moved to 50 so I held on; watched it down about 40 pips when yellow line went to 20 so continued to hold; finally closed out at 60 pip loss when yellow line went to zero. Not fun!

So, what did I learn? This quad has drastically different daily ranges, it has high spreads, and it isn't suited to 5 minute time frame. It also has different pip/$ as well. Obviously I'm not trading this quad again, at least in this same way.

Also, I'm also discovering that, since spread does play a factor in this kind of trading, a big factor, I'm going to go up to the 30 minute timeframe. I decided this before ETrader mentioned his huge gains, but his post is confirmation of the need to do this.

I also learned that there may be negative value in holding beyond the 50 line. At least it was in this case.

I'm going to try SMJones' newest update to the indicator (1.6--thanks Scott!) and weed out pairs based on my above losing trade.

If anyone else has input regarding this bad trade please speak up.

Still pippin....
  • #2,069
  • Feb 1, 2011 1:39pm Feb 1, 2011 1:39pm
Quoting MorloX
Hello, im trying to use tradable correlations and i have a problem. To attach it we need to put it in front of an existing chart.. but when i see the graphs of the other members they seem to have it in an indiivudal windows wich is way better than having candles and stuff behind.

Hope you can help me. And ill be also posting my results in a few days..
Set all of your candle and bar colors to none and put it on a blank chart. Something fast like GBPJPY Timeframe does not matter.
  • #2,070
  • Feb 1, 2011 1:41pm Feb 1, 2011 1:41pm
Iīm still trying to find a variable wich movement is more directly related with price, but itīs not easy....

Anyway, 40 pips DD for M5, might be much more for M30, but Iīm going to try this TF too........

Itīs safer to exit at 50%, letīs try M30......
  • #2,071
  • Feb 1, 2011 1:42pm Feb 1, 2011 1:42pm
Quoting Dreamliner
Greetings all,

I wanted to report in on my results. I've had several little profitable trades, 10-12 pips here and there, and I've had one horribly bad trade. That bad trade was on GBP/NZD USD/JPY which is positively correlated at over 75%. This was a very bad trade, and I lost 62 pips on it before closing out. It wiped out almost all previous profits (not quite, still profitable by a little). I watched it down about 20 pips when the yellow line moved to 50 so I held on; watched it down about 40 pips when yellow line went to 20 so continued to...
Hi Mike, Don't let the black swans eat your lunch. I agree that a emergency stop of some kind is in order. I was thinking of using the same criteria you and ESTrader had come up with.
  • #2,072
  • Feb 1, 2011 1:45pm Feb 1, 2011 1:45pm
Quoting Caillou
Iīm still trying to find a variable wich movement is more directly related with price, but itīs not easy....

Anyway, 40 pips DD for M5, might be much more for M30, but Iīm going to try this TF too........

Itīs safer to exit at 50%, letīs try M30......

Well I did write this a while back see this post.
http://www.forexfactory.com/showpost...postcount=1547

It is the bottom indicator the top one is just a overlay indi and I am not referring to that one. Anyway, this makes both currency pairs scaled to each other.
  • #2,073
  • Feb 1, 2011 1:49pm Feb 1, 2011 1:49pm
Quoting Dreamliner
Greetings all,

I wanted to report in on my results. ... Still pippin....
Dreamliner,

yes, there seem to be some no fun-trades. I'm testing with M5 TF, but will change to M30 too. Using about 10 pairs with correlation >85%, I made 3 trades feb 01 so far (I mean 'only') and one of them lead to red result.

josch
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurchf.gbpaud.gif Size: 12 KB
Click to Enlarge Name: red-result.JPG Size: 62 KB
trading is war - life is simple
  • #2,074
  • Feb 1, 2011 1:50pm Feb 1, 2011 1:50pm
Quoting smjones
This is a new version of the Tradable Correlations table that has many new features. It has alerts, sorts, filters, adjustable time frames, adjustable alerting and adjustable email alerts. It has the stochastic difference and the combined spreads (in pips), not pipetts and a few more things.

I also included a doc and also a pdf (if you don't have Word) that explains it.

I hope you enjoy it. So now you need not be distracted with pairs you do not want to see, that do not meet the criteria you set.
Hey bro, thanks for the updates, the indi did not work on my chart, not sure why.

cheers.
  • #2,075
  • Feb 1, 2011 1:54pm Feb 1, 2011 1:54pm
Quoting monarch
Hey bro, thanks for the updates, the indi did not work on my chart, not sure why.

cheers.
Sure it does. Is it because you do not have any thing displayed? If so, that is because your criteria is set that none of the pairs met the criteria. If you want to prove it works, just set the stoch threshold to say 10 and you will see a bunch popup
  • #2,076
  • Feb 1, 2011 1:54pm Feb 1, 2011 1:54pm
Monarch, there is a MT4 help thread on FF and everytime I've posted a question about an indicator there I've received the answer I've looked for. Not saying that will be true all the time, but just a suggestion in case you wanted to try it out.

Quoting monarch
Hey bro, thanks for the updates, the indi did not work on my chart, not sure why.

cheers.
  • #2,077
  • Feb 1, 2011 1:58pm Feb 1, 2011 1:58pm
Quoting smjones
Well I did write this a while back see this post.
http://www.forexfactory.com/showpost...postcount=1547

It is the bottom indicator the top one is just a overlay indi and I am not referring to that one. Anyway, this makes both currency pairs scaled to each other.
Thank you,

Iīve been all day working with your indicator, itīs excellent, but I have to find a way to use it for profits........
  • #2,078
  • Feb 1, 2011 2:14pm Feb 1, 2011 2:14pm
Quoting smjones
Sure it does. Is it because you do not have any thing displayed? If so, that is because your criteria is set that none of the pairs met the criteria. If you want to prove it works, just set the stoch threshold to say 10 and you will see a bunch popup
Hey thanks, I was used to the last version, but I did as you said, and PRESTO.
Muchos gracias senor.

cheers
  • #2,079
  • Feb 1, 2011 2:15pm Feb 1, 2011 2:15pm
Quoting Dreamliner
Monarch, there is a MT4 help thread on FF and everytime I've posted a question about an indicator there I've received the answer I've looked for. Not saying that will be true all the time, but just a suggestion in case you wanted to try it out.
Yea, I probably should just camp out in that thread.
  • #2,080
  • Feb 1, 2011 2:20pm Feb 1, 2011 2:20pm
Quoting monarch
Hey thanks, I was used to the last version, but I did as you said, and PRESTO.
Muchos gracias senor.

cheers
A nice little side effect of this version is that there are not many pairs to look at that meet the criteria, at any given time, so the window to display them can be quite small.
I have been testing this version for a couple of days and I think the most I saw was about 8 or 10 pairs at the same time. But, you don't really need to see the ones that do not meet the criteria that you set, as you would not trade them anyway.
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