Hedge and Correlation Strategy | Page 137 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Correlation + Momentum Strategy? 6 replies

MT4 MTF Correlation table and Correlation oscillator indicators 155 replies

InsomiaFX Correlation Double Hedge EA 66 replies

Looking for EA for Correlation Strategy 6 replies

Hedge strategy (not a hedge fund) 13 replies

Attachments: Hedge and Correlation Strategy
Exit Attachments

Hedge and Correlation Strategy

  • #2,721
  • Feb 16, 2011 7:37am Feb 16, 2011 7:37am
Quoting Zr-fx
I am using 'Stoch Diff 2 Pair EAsq' but it is not the latest. I think just found a bug with the £ (or $) take profit. I set the £ TP to £15. I think what happened was it close the pair that was over £15 in profit but not the other pair.

So perhaps you want to fins the latest version. You can click on the paper clip icon at the top right to find all the attachments.
Hi, thanks for the location of the file EA, however i will search it tomorrow and will add to this post so that all can have a refresher, do you mind giving me or us the input details for this EA or is there any thing needs to be maintained once the EA is loaded?


adios.....
  • #2,722
  • Feb 16, 2011 7:38am Feb 16, 2011 7:38am
Quoting navk
I have been using SQ's EA in hourly chart with consistent profit.

5000 $ A/C has grown up to 5726 $ untill this morning here today.

From 11 th to 15 th. 4 trading days, a/c up by 14.5 %. Amazing. Have seen DD up to about 8 to 10 %.
Hi.. do you mind posting your setting for the EA and also attachinng the EA, if you manage to reply... it would be a great help.
  • #2,723
  • Feb 16, 2011 7:44am Feb 16, 2011 7:44am
Quoting fortheex
Hi.. do you mind posting your setting for the EA and also attachinng the EA, if you manage to reply... it would be a great help.
I can tell you my settings. But i would suggest you read the thread from page 100 and understand the strategy. It is important. Once you read, then you will understand what people spoke about strategy, various setting options, etc.
Intraday only.
  • #2,724
  • Feb 16, 2011 7:58am Feb 16, 2011 7:58am
Quoting fortheex
Hi, thanks for the location of the file EA, however i will search it tomorrow and will add to this post so that all can have a refresher, do you mind giving me or us the input details for this EA or is there any thing needs to be maintained once the EA is loaded?


adios.....
Here it is. But it is not the latest. The only inputs are 85% entry and 10% exit. Obviously you have to make sure the correct pairs and magic numbers are used.

Not sure what you mean by 'maintained'. I do not believe there is such a thing as a 'set-and-forget' EA. I actively monitor and manage the trades as explained before.
Attached File(s)
File Type: mq4 Stoch Diff 2 Pair EAsq.mq4   11 KB | 509 downloads
  • #2,725
  • Feb 16, 2011 10:55am Feb 16, 2011 10:55am
Nicastro, I will provide an updated version soon. It was my first attempt to use std. deviation approach and the main purpose of EA was to visually see the dynamics accross several pairs, not the trading part yet. So, I would not pay much attention on how EA handles the trades but rather how it enters and if it was calculated correctly to close the gap with profit. We can handle the reset later. The work is in the very beginning.

By the way, is there anything in mq4 world that would give you News signals? I am not aware of any free solutions.

I just found that squalow posted an excellent indicator to play with MA and St Dev parameters. I will try to use it and compare with my findings. It sounds that he was trying SMA(100) as mean and StDev(500) periods.
squalow, is that what you are still using? How does it work in your tests?

spinfiol, can you help me with the math to calculate the entry point? I use SMA as a mean for each pair. I also have St.Dev calculated for both pairs. So, there are 2 SMAs and 2 St.Dev. and 2 values of the current pair fluctuations. Now, how do you put things together to find if it is +/-2std difference? I must be doing something wrong... I am not a mathematician. Also, should we consider spread in our math?
  • #2,726
  • Feb 16, 2011 12:25pm Feb 16, 2011 12:25pm
Quoting jusiur
[color=Green]Thanks A LOT for your´s inputs Dreamliner-Squalou-navk-roundrock-spinfoil- I´ve been learning and enjoyed to much.
I have tried to emulate the "basket with BB MA profit" of Squalou, but I think there's still something wrong.
What I did was:
1. Indicators used: 2 pairs sq profit basket, BB, stdDev, SMA
2. opened a subwindow with basket sq profit 2 pairs
3. add mt4 BB (period 100, shift 0, deviations 2, apply to first indicator´s data, style red)
4. add mt4 stdDev (period 15, apply to previous indicator's data,...
hi jusiur,

why do you want to "emulate" the BB when the indicator draws it already ??

Anyway...
1) the Stddev indicator from mt4 draws the line of the stddev value of the line, not a channel around the line.
2) regular BB uses the same length for the SMA and the stddev (e.g SMA(20) and stddev(20)), where i use different lengths for both (SMA(100) but stddev(500));
the reason being that we want the stddev bands to be much more stable than the classic BB, where you usually see bulbs forming when volatility increases.
You will not be able to draw the equivalent of what the indicator does.
This is the whole purpose of writing a specific indicator, otherwise a simple template would have been good enough.

sq
  • #2,727
  • Feb 16, 2011 1:00pm Feb 16, 2011 1:00pm
Quoting squalou
hi jusiur,
why do you want to "emulate" the BB when the indicator draws it already ??sq
sq, please forgive me, my enthusiasm for the system has made a basic error.
You are absolutely right, Now I have fully functional indicator.
Thanks for your time and response
Humble & Kalcker CLO2 = Covid killer
  • #2,728
  • Feb 16, 2011 2:25pm Feb 16, 2011 2:25pm
Quoting Zr-fx
I am using 'Stoch Diff 2 Pair EAsq' but it is not the latest. I think just found a bug with the £ (or $) take profit. I set the £ TP to £15. I think what happened was it close the pair that was over £15 in profit but not the other pair.

So perhaps you want to fins the latest version. You can click on the paper clip icon at the top right to find all the attachments.
Quoting angel1004
I am use sq last ver EA.
1)
Requote is appeared
eurusd is opened but usdchf is not open.
and manual opened...
2)
yet profittarget mode ===>full close mode is not working.

one pair is closed but one pair is remaining position.
...
this routine add for me...

i added retries to the opening and closing functions;
hopefully this should fix this kind of issues.
If it ever shows up again, post the contents of the terminal "journal" and "experts" tabs to show what went wrong;

sq
Attached File(s)
File Type: mq4 Stoch Diff 2 Pair EAsq 2011.02.16.mq4   23 KB | 751 downloads
  • #2,729
  • Feb 16, 2011 3:37pm Feb 16, 2011 3:37pm
I am looking for this dashboard, does anyone aware and can advise me where to get ?

http://www.forexfactory.com/attachme...1&d=1245311985

http://www.forexfactory.com/attachme...1&d=1245264935

Thank you.
  • #2,730
  • Edited 8:07pm Feb 16, 2011 6:56pm | Edited 8:07pm
Quoting squalou
i added retries to the opening and closing functions;
hopefully this should fix this kind of issues.
If it ever shows up again, post the contents of the terminal "journal" and "experts" tabs to show what went wrong;

sq

thanks.

i will test .but when second order retries closeing...
if profit target 1$
one pair is closed 12$, after interval time second pair -5$ closeing?
our profit target is 10$

if second pair ..slippage and requote situation closed profit is loss happen!!!


I will test demo account today stochdiff 20 exit 5 ,profit 1,loss 3
then repaet many order is open and close but ocassionally sell close but buy is not close!!!!!!!!


if one order is not close
last order's tp or sl is need? or stochdiff 5% closed?or profit target closed?
check for it..


I will test last order is closed well.^^

additional
maxtrade control is impossible??
multipair Ea is working
I wish control maxtrade

ex)1.stochdiff eur/usd&eur/chf working 0.1lot*2
2.stochdiff eur/usd&aud/chf working 0.1lot*2
3)stochdiff eur/usd&gbp/chf working 0.1lot*2

if i want maxtrade 0.2lot====>first trade EA and second trade EA trade and rest EA waiting !!!!!
if i want maxtrade 0.4lot====>first trade EA and second trade EA trade is possible and rest EA waiting !!!!!
if i want maxtrade 0.6lot====>first trade EA and second trade EA trade is possible and rest EA working !!!!!


is this possible???

thanks for your effort..


thanks .
  • #2,731
  • Feb 16, 2011 7:41pm Feb 16, 2011 7:41pm
Quoting siewhf
I am looking for this dashboard, does anyone aware and can advise me where to get ?

http://www.forexfactory.com/attachme...1&d=1245311985

http://www.forexfactory.com/attachme...1&d=1245264935

Thank you.

HI..

I think this is an indicator, could be a help and might not be a help..firstly based on this forums strategy the indicator does not show stochs different... Do you have anything in mind...?

adious..
  • #2,732
  • Feb 16, 2011 10:51pm Feb 16, 2011 10:51pm
Quoting squalou
i added retries to the opening and closing functions;
hopefully this should fix this kind of issues.
If it ever shows up again, post the contents of the terminal "journal" and "experts" tabs to show what went wrong;

sq

Hi SQ,

I would like to know if trigger of this EA will do the buy and sell at the same time as long the one of the pair reaches 90% stochs or both need to meet a difference of 90% stochs.. and the closing of the TP will be either 1 pair meets the 5% stochs level or Profit target 1$ in the setting or both pair need to reach the 5% stochs level.

pls help clarify.

adious...
  • #2,733
  • Feb 16, 2011 11:39pm Feb 16, 2011 11:39pm
Quoting fortheex
Hi SQ,

I would like to know if trigger of this EA will do the buy and sell at the same time as long the one of the pair reaches 90% stochs or both need to meet a difference of 90% stochs.. and the closing of the TP will be either 1 pair meets the 5% stochs level or Profit target 1$ in the setting or both pair need to reach the 5% stochs level.

pls help clarify.

adious...
Do me a favor: read again a few pages back, will you ?...
This is called Stoch difference.
Difference needs to be above 90 to open both.
Difference needs to be below 5 to close both.
If you set the profit target >0, then it will close if that condition is met, whichever comes first.
If you don't want to use the stoch diff condition to close trades, set "CloseTradesStoch" to -1 (the stoch diff cannot be negative, so this condition will never be met). Just don't forget to set a profit target in this case...

sq
  • #2,734
  • Feb 17, 2011 12:20am Feb 17, 2011 12:20am
Quoting rulla
Nicastro, I will provide an updated version soon.

....................
By the way, is there anything in mq4 world that would give you News signals? I am not aware of any free solutions.

..............................

Thanks for this Rulla.

I look forward to testing enhancements of the EA. When coding the EA, will you please allow hedge trades to be entered as an option so that non -US users can use hedging to further manage risk.

There is a News Indicator freely avilable. It has been posted on page 178, post 2657 of this thread. I think this is what would be needed.

Many thanks
  • #2,735
  • Feb 17, 2011 12:36am Feb 17, 2011 12:36am
Quoting squalou
Do me a favor: read again a few pages back, will you ?...
This is called Stoch difference.
Difference needs to be above 90 to open both.
Difference needs to be below 5 to close both.
If you set the profit target >0, then it will close if that condition is met, whichever comes first.
If you don't want to use the stoch diff condition to close trades, set "CloseTradesStoch" to -1 (the stoch diff cannot be negative, so this condition will never be met). Just don't forget to set a profit target in this case...

sq
Hi Sq,

Thanks alot.. i think this was the most brief setting scenario given out for EA.

adios..
  • #2,736
  • Feb 17, 2011 12:43am Feb 17, 2011 12:43am
Hi All,

Can anyone post their results using the EA with no changes to the original setting and also what time worked best for you.

I'd find it interesting with this SL and TP factor.

adios...
  • #2,737
  • Edited 6:06am Feb 17, 2011 5:56am | Edited 6:06am
  •  Ckp
  • | Joined Jul 2010 | Status: Master ur EXIT. Entry is secondary. | 29 Posts
Hi Sq and everyone

The new "basket profit 2 pairs" indi is great. Scrolling back on a chart really gives you a good idea where to enter and exit. I typically trade on M15 and M30 charts and ZOOM OUT to view 12 days (M15 TF) and 24 days (M30 TF) on one chart at at time. With the assistance of Sq's great indicator, i can now "visually" see the longer term "Spread Trend". See Chart attached. It is much easier and more accurate to see the "Spread Trend" with your indicator than with overlay charts.

"Spinfoil" has mentioned some important points in previous posts, some of which can now be seen with the help of the indi. I would like to point them out and see how we might build them into the system.

The attached chart is M30 over a 1 month period. Pair is GBPCHF GBPJPY (90% Daily corr) Assuming you use the 2STD deviation entry method (enter cross over outer lines on "basket profit 2 pairs" indi) you would get many profitable trades, PROVIDED that you have a realistic profit target of say 50 pips (obviously pip targets are different for all pairs). However some entries would turn into loosers as shown in "Point A" on the chart. The sharp down move and resulting loss might have been a news event perhaps, but still you will find these bad moves every now and again.

The 2STD deviation entry method on M30 TF gives us a "short cycle trade" of 12/24/36 hours for 50pips. Lovely! Who can complain about 50pips? But as "Spinfoil" says we need to avoid those loosing trades by choosing only A+ trades.

Now look at "Point B". If you were aware of the longer term spread trend as indicated by the yellow trend lines "Trend 1" Trend 2" and "Trend 3" You certainly would have taken a "A+ trade" and might have put your stop on break even and let it ride all the way to the top. Also if you were aware of the average 7-8 day trend cycle for this specific pair you probably would not have entered at point A because it was only on day 3 of the 7-8day downtrend cycle...

I pose the following questions to everyone out there:

1. How can we calculate and display the "spread trend"? Or in other words the typical/average "Correlation and De-Correlation Cycle" for a given TF and period.

2. How can we log and display the historical "max high" and "max low" of the Correlation and De-Correlation Cycle for a given TF and period. Knowing this will help with entries and stop-losses. Better still might be to log twice the "max high" and "max low" events per month over the period being analyzed.

3. How can we log and display the average "Time lapse" or "Bar count" between spread trend "high" and spread trend "low" for a given TF and period. With this info you will know better when to "wait" and when "pull the trigger".

4. How do you discard periods where the "Spread" is ranging so that it doesn't mess up your averages. In addition to discarding/ignoring the ranging period it might be useful to know that average "Time lapse" or "Bar count" for a ranging period?

Sq, SMJ, Spinfoil and DL , I'm keen to hear your thoughts on this...

Regards CKP
Attached Image (click to enlarge)
Click to Enlarge Name: Ckp Co-int Sq indi image.jpg Size: 290 KB
  • #2,738
  • Feb 17, 2011 7:13am Feb 17, 2011 7:13am
SQ,

Using your indi, i made around 170 pips in a single day. The only problem i face is exit. Manual entry by using your indi is good. But exit by EA for selected basket of trades at a cash profit. Will this possible ?

I am also testing your EA ( Stoc entry and exit ) in hourly chart with great success. But at times i come across DD. WHereas by entering using indi, i did not come across big DD.

Thanks for the great indi and lookforward to have a close EA for a selected basket at certain cash profit.
Intraday only.
  • #2,739
  • Feb 17, 2011 8:10am Feb 17, 2011 8:10am
Hi @ all
One question: what are your drawdowns? and how many days were the trades open?
I trade the system for 2 weeks and had been the longest drawdown for 38 hours with -70 pip. So far I was able to close all trades at a profit.
I'll have to test how much risk per trade can be made, since I do not sit tight stop.
Many thanks to the Dreamliner and the developer
  • #2,740
  • Feb 17, 2011 8:29am Feb 17, 2011 8:29am
Quoting Ckp
Hi Sq and everyone

The new "basket profit 2 pairs" indi is great. Scrolling back on a chart really gives you a good idea where to enter and exit. I typically trade on M15 and M30 charts and ZOOM OUT to view 12 days (M15 TF) and 24 days (M30 TF) on one chart at at time. With the assistance of Sq's great indicator, i can now "visually" see the longer term "Spread Trend". See Chart attached. It is much easier and more accurate to see the "Spread Trend" with your indicator than with overlay charts.

"Spinfoil" has mentioned some important...
Hi Ckp,

i'd assume you'd attached the basket profit 2 pairs indi, are you using it together with sq's ea? and where did the trend line came from?

adios...
0 traders viewing now