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Hedge and Correlation Strategy

  • #2,321
  • Feb 6, 2011 12:48pm Feb 6, 2011 12:48pm
Here is something you might need it.[ATTACH]633618[/ATTAC
Attached Image (click to enlarge)
Click to Enlarge Name: 00084.jpg Size: 227 KB
H]
Attached File(s)
File Type: mq4 sok_v6-7_casovy_uni.4 dvojpary..mq4   14 KB | 980 downloads
  • #2,322
  • Feb 6, 2011 2:18pm Feb 6, 2011 2:18pm
Quoting squalou
Hi guys,

All your brains are boiling by now ?

We all agree by now about the major flaw/limitation of using stochastics: OB/OS levels can carry on for long periods,
while "long" ranging/slow-market periods degrade stochastics performance by decreasing its signal/noise ratio, increasing its sensitivity to smaller price moves, giving much less return than would be for a similar "stochastic pattern" happening on fast-moving markets.

The other issue we are seing is about trading even number of lots for both pairs, and many now we...

dear squalou
I seen your ea " Stoch Diff 2 Pair EAsq.mq4 " and I have a question! If I wont close trade stock and not profit target, for disabel function profit target I add value 0 ??

and other question, I attach this ea in chart , exemple eur usd m30
and I select pari 1 eur usd and pair 2 gbpusd
but this ea does not uses additiona indicators as Stochastic different pairs, this is calculate in ea ??

thank you

about lots for curriences can you see this indicator in attachment,
in lot setting for exemple your add 1 lots for eur usd
and then you see hedge lots in chart for all curriences !!
Attached File(s)
File Type: ex4 ArbitrageScannerI&.ex4   14 KB | 1,428 downloads
  • #2,323
  • Feb 6, 2011 3:14pm Feb 6, 2011 3:14pm
Quoting wallstreet03
dear squalou
I seen your ea " Stoch Diff 2 Pair EAsq.mq4 " and I have a question! If I wont close trade stock and not profit target, for disabel function profit target I add value 0 ??
hi,

yes, if you do not want to use the "profit target" option, then set ProfitTarget to 0.


Quoting wallstreet03
and other question, I attach this ea in chart , exemple eur usd m30
and I select pari 1 eur usd and pair 2 gbpusd
but this ea does not uses additiona indicators as Stochastic different pairs, this is calculate in ea ??
thank you

Absolutely, the EA calculates the stochastic values by itself, just like the Indicator would do.


Quoting wallstreet03

about lots for curriences can you see this indicator in attachment,
in lot setting for exemple your add 1 lots for eur usd
and then you see hedge lots in chart for all curriences !!
Thanks for that.
I don't know yet how it works; do you have more detailed info on how to use it ?
thanks

Sq
  • #2,324
  • Feb 6, 2011 3:14pm Feb 6, 2011 3:14pm
Quoting Kilian19
I changed the Tradeable_Correlations_StochDiff a little bit, so that you can have more than one version on your screen. 3rd number is the spread of both pairs combined. You also can choose to hide the negative correlated pairs.

For the template to work you have to download the new indicator and put it in your indicator folder!

why your indicator and Tradable Correlations 1.4. have different correlations for some curriences !
I used same setting !
  • #2,325
  • Feb 6, 2011 3:23pm Feb 6, 2011 3:23pm
Quoting squalou
hi,

yes, if you do not want to use the "profit target" option, then set ProfitTarget to 0.





Absolutely, the EA calculates the stochastic values by itself, just like the Indicator would do.




Thanks for that.
I don't know yet how it works; do you have more detailed info on how to use it ?
thanks

Sq

you add this indicator for exemple in chart h1 eur usd
than you set in cor level 0,75 (it is the correlation of eur usd and other curriencese !
in lot setting you add 1 lot , if you wont to use 1 lot for eur usd and
go on ok ! in the chart in culumn hedge lots you have lots for all curriences with correlation > 0,75
Attached Images
  • #2,326
  • Feb 6, 2011 3:31pm Feb 6, 2011 3:31pm
Quoting Zr-fx
Hi. Why not wait until the difference is 85% or higher to have a better chance of a win? I have not seen people test this for long enough before trying to change it and add to it.

In the same example you mentioned, the trade you highlight would be a loser but a bit later (approx. 16:30 GMT) the difference goes to about 87% and if you had entered here and exited at 20% it would have a cracking trade!

All I am saying is in my own opinion, I would like to test this strategy as it is for while before I will look at changes, because so far the results...
Good point Zr. That trade was earlier in the week and I did move to a 90% trigger after a few losers, I might move it back to 85 after your results. I still think it may be possible for the stochdiff to go to 90% with not much movement in range so I think combined pips travelled prior to enty might be worth knowing so I will watch for this this week. Taking the trade only after seeing the stochdiff start to fall is also another good idea.
  • #2,327
  • Feb 6, 2011 3:35pm Feb 6, 2011 3:35pm
Oh Oh.. I see it.. It's a butter fly!

My doctor use to show me these!

Quoting donny65
Here is something you might need it.[ATTACH]633618[/ATTACAttachment H]
  • #2,328
  • Feb 6, 2011 4:12pm Feb 6, 2011 4:12pm
It's not a butterfly's development of the correlation curves in the timeline of how the steam from each losing each other and closer. You can trade according to short-term strategy and positional strategy. What is the picture shows the four pairs of pairs are not independent of one another but be so vydet larger market share, and if the pair will have a common example the EURUSD pair and those that indicate the power of the individual pairs to each other.
Otherwise, it is written for IBFX mini account and the need to write those pairs as it uses thy broker IBFX = EURUSD EURUSD thy broker is likely, and so forth.
Dony greeting.
  • #2,329
  • Feb 6, 2011 4:51pm Feb 6, 2011 4:51pm
People jump up and down and they celebrate the success of strategy very quicky. At the same speed, after seeing some losses, they decide quickly that strategy is no more profitable and thread goes quiet or they look for different strategy.

This has been the case in most of strategies.

This thread explains definitly a better strategy and i request experts ( Jones, dreamliner, and more ) not to loose interest and take more time in solving the few issues we have like lot size, entry exit etc.

This thread definitly deserves 5 star rating. Dont loose hopes, i never lost in 5 min chart, only in 15 min i came accross some losses. My profit in 5 min chart for last 4 days 404 pips.

Cheers !
Intraday only.
  • #2,330
  • Feb 6, 2011 5:05pm Feb 6, 2011 5:05pm
I try m5 and m30 on

EURUSD GBPUSD
EURUSD EURJPY
USDJPY USDCHF
GBPUSD EURJPY
  • #2,331
  • Feb 6, 2011 5:11pm Feb 6, 2011 5:11pm
Very true, NavK! I am not losing interest whatsoever in this method, and am trading it live again this coming week as I did last week. Please continue to post your trades, your thoughts on improving things, etc.

Quoting navk
People jump up and down and they celebrate the success of strategy very quicky. At the same speed, after seeing some losses, they decide quickly that strategy is no more profitable and thread goes quiet or they look for different strategy.

This has been the case in most of strategies.

This thread explains definitly a better strategy and i request experts ( Jones, dreamliner, and more )...
  • #2,332
  • Feb 6, 2011 5:18pm Feb 6, 2011 5:18pm
Quoting navk
People jump up and down and they celebrate the success of strategy very quicky. At the same speed, after seeing some losses, they decide quickly that strategy is no more profitable and thread goes quiet or they look for different strategy.

This has been the case in most of strategies.

This thread explains definitly a better strategy and i request experts ( Jones, dreamliner, and more )...
Hi, the post from donny, it looks like another way to show correlations in one chart for pairs with variable time settings..
  • #2,333
  • Feb 6, 2011 5:27pm Feb 6, 2011 5:27pm
I have one question on the strategy. It may have already been said in previous responses, but I cant find it. Position size ... it would be perfect if calculated in the indi window.. (as in lots - for ex. EURGBP 1.2 lots , 0.9 lots GBPUSD etc)..
  • #2,334
  • Feb 6, 2011 5:38pm Feb 6, 2011 5:38pm
I added a parameter Show_in_PV when it is on show in Deltapip PipValue of Lots
Attached File(s)
File Type: mq4 Stochastic different pairs 1.7_4.mq4   19 KB | 898 downloads
  • #2,335
  • Feb 6, 2011 5:54pm Feb 6, 2011 5:54pm
Just went in on a small trade:

5minte
Sell - CHFJPY
Buy - EURGBP

Will see how it goes. Good thread and technique. Will try it out on the 5M all of this week...
  • #2,336
  • Feb 6, 2011 5:59pm Feb 6, 2011 5:59pm
Quoting Dreamliner
Very true, NavK! I am not losing interest whatsoever in this method, and am trading it live again this coming week as I did last week. Please continue to post your trades, your thoughts on improving things, etc.
Dremliner

Do you check the sets for their 50 day correlation regularly to see if they are still over 75%? if so then how often (daily, weekly)?

I noticed for example that AUDCHF-USDCHF has dropped to below 75%. So I'm assuming it should be taken off?
  • #2,337
  • Feb 6, 2011 6:50pm Feb 6, 2011 6:50pm
I know it's Sunday night, and that the Superbowl is on, but this indicator has not changed even one percentage on any of the currency pairs. Does anyone know if it's working?
Attached Image (click to enlarge)
Click to Enlarge Name: stoch correlation1.gif Size: 42 KB
  • #2,338
  • Feb 6, 2011 6:50pm Feb 6, 2011 6:50pm
I just use the indicator.

Quoting Zr-fx
Dremliner

Do you check the sets for their 50 day correlation regularly to see if they are still over 75%? if so then how often (daily, weekly)?

I noticed for example that AUDCHF-USDCHF has dropped to below 75%. So I'm assuming it should be taken off?
  • #2,339
  • Feb 6, 2011 6:52pm Feb 6, 2011 6:52pm
Quoting Dreamliner
I know it's Sunday night, and that the Superbowl is on, but this indicator has not changed even one percentage on any of the currency pairs. Does anyone know if it's working?

Who's is it? do you have the post where it is? I'll have a look
  • #2,340
  • Feb 6, 2011 6:58pm Feb 6, 2011 6:58pm
if it is Tradable Correlations_stochDiff(3) then it had a flaw in the logic. It was set to run only once per Timeframe. I have fixed that here. This was based on my indicator, but has been altered.
Attached File(s)
File Type: mq4 Tradable Correlations_StochDiff(3).mq4   13 KB | 1,056 downloads
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