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Hedge and Correlation Strategy

  • #3,301
  • Sep 1, 2011 2:54am Sep 1, 2011 2:54am
Quoting roughtrader
CHFJPY GBPCHF are really nice to trade,
allmost like a mirror,

I went live this morning on my hedge strategy with eurusd v gbpusd and chfjpy v gbpchf.

First profit of 40 pips in the bank from chfjpy
  • #3,302
  • Sep 1, 2011 3:07am Sep 1, 2011 3:07am
Quoting MaxDoom
I went live this morning on my hedge strategy with eurusd v gbpusd and chfjpy v gbpchf.

First profit of 40 pips in the bank from chfjpy
well done, i hope to be deploying my own pairs trading strat in the coming week for forex and stocks.. ill share my results/methods soon
Grabbing the bull by the horns!
  • #3,303
  • Edited 10:43am Sep 1, 2011 9:55am | Edited 10:43am
they are coming together nicely now, finally! and more to come
Im up 200 bux atm from a drawdown of 250 something, live acount.
the sells are on the gbpchf chart,
even good result so far, I think this is the last time on a 15M chart,
this one tok allmost three weeks
and still more before the cross,
so far Im up 558 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: corrtrade.jpg Size: 117 KB
Click to Enlarge Name: corrtrade2.jpg Size: 114 KB
Click to Enlarge Name: expected-cross.jpg Size: 146 KB
Click to Enlarge Name: resistance.jpg Size: 151 KB
Bulls are stupid Animals!especially when Im short!
  • #3,304
  • Sep 4, 2011 4:22pm Sep 4, 2011 4:22pm
Hello, just subscribing to this thread.
Where can I get the "stochastic different pairs 1.4b indicator" to use with mt4?

Thanks
  • #3,305
  • Sep 4, 2011 5:14pm Sep 4, 2011 5:14pm
Quoting finally
Hello, just subscribing to this thread.
Where can I get the "stochastic different pairs 1.4b indicator" to use with mt4?

Thanks

just look at the attachments to this thread
  • #3,306
  • Sep 5, 2011 11:27am Sep 5, 2011 11:27am
CHFJPY /GBPCHF ideas

two important support resistance areas to watch right now,

GBPCHF support at 1.25278 resistance at 1.28737

recommend closing the trade if resistance is broken

allmost a double bottom kind of formation now where price bouncing of the support,

possibly addon if support is breached
Bulls are stupid Animals!especially when Im short!
  • #3,307
  • Sep 8, 2011 7:45pm Sep 8, 2011 7:45pm
FYI/A

Stochastic different pairs 1.6b.mq4
Attached File(s)
File Type: mq4 Stochastic different pairs 1.6b.mq4   13 KB | 1,129 downloads
  • #3,308
  • Sep 12, 2011 5:10pm Sep 12, 2011 5:10pm
What's up with the EA? I'll post my statement below from a demo. It seldom opened trades, but when it did, it closed them out very quickly for losses. The EA was run with all default settings, 50 profit and 200 loss. Nothing else changed.

EDIT: It's the latest version.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
Every time you use 'hopium' in a post, God kills a kitten.
  • #3,309
  • Sep 14, 2011 4:00am Sep 14, 2011 4:00am
So is anyone actually trading the FX correlations on live?

if so what pairs and timeframes and what kind of results are you getting?


I am currently live on GBPUSD v EURUSD 15m

I use financially adjusted lots so that have same value per pip and I then adjust them again to account for volatility, to explain:

I trade GBPUSD with say 1.0 lot, the lot size of the next pair is adjusted to up or down from 1.0 lot to ensure that they have the same value per pip. (in this case that is also 1.0 lot because they are both xxxUSD pairs).

I then adjust the second pair lot size again according to volatility, I use ATR to measure 1st ATR / 2nd ATR = adjustment ratio. This is all automated and therefore self adapting according to recent volatility at time of trade.

My results on demo have been very good on 15m timeframes but more erratic on other timeframes.

I only enter/exit at the end of a bar no SL or TP involved.

I have been running on live with gbpusd v eurusd with good results so far.
  • #3,310
  • Sep 14, 2011 4:20am Sep 14, 2011 4:20am
Im trading live.
I get very good result on GBPCHF/CHFJPY
on my last two trades,
I only use the pairs that are going exactly in the oposite direction,
GBPCHF and CHFJPY are allmost like a mirror to eachother,
another good one is EURUSD/USDDKK,
USDDKK having a killer spread
but thats not going to make a lot of difference with the amounts of pips this strategy generates,
another good two pairs I use is AUDUSD/USDCAD,
also very good result with them,
the idea behind only using mirror pairs is that
I know Im not going to be caught in a situation where both pairs
for some wierd correlation missconfiguring in the market are moving in the same direction.
Bulls are stupid Animals!especially when Im short!
  • #3,311
  • Sep 20, 2011 5:50am Sep 20, 2011 5:50am
hey guys
could you give me a link for the final edit or final summary of this nice strategy?
  • #3,312
  • Sep 20, 2011 6:29am Sep 20, 2011 6:29am
Quoting eramax
hey guys
could you give me a link for the final edit or final summary of this nice strategy?
Yup,

Start at page 100 and read until you get to your post. Might sound like a smarta$$ answer, but it's not the same for everyone and everyone has ideas on how to make it work better / safer / etc. Lots of good ideas and suggestions and weaknesses pointed out in those pages.
Every time you use 'hopium' in a post, God kills a kitten.
  • #3,313
  • Sep 20, 2011 10:56am Sep 20, 2011 10:56am
Maybe a stupid question.

Does anyone have a profitable strategy on how to trade correlation with the Overlay indicator or any other correlation indicator?

If there's anything in here please point me to the right post.

Thanks!
Blindly following others will make you blind!
  • #3,314
  • Sep 28, 2011 2:07am Sep 28, 2011 2:07am
Hi Guys,

i studied this thread about month ago and i am using indi named Basket profit 2 pairs sg last version from 13th march. Is there any smart programmer who know to add alert (email) to this indicator where the main curve cross the high or low deviation line ?
This is the superbly idea how to trade without big risk.

Marek
Attached File(s)
File Type: mq4 Basket Profit 2 Pairs sq (1).mq4   14 KB | 861 downloads
  • #3,315
  • Oct 12, 2011 7:29am Oct 12, 2011 7:29am
Quoting Roje
Hi Guys,

i studied this thread about month ago and i am using indi named Basket profit 2 pairs sg last version from 13th march. Is there any smart programmer who know to add alert (email) to this indicator where the main curve cross the high or low deviation line ?
This is the superbly idea how to trade without big risk.

Marek
Roje
Could you please explain how you use this indicator?
thanks
  • #3,316
  • Oct 12, 2011 7:39am Oct 12, 2011 7:39am
Quoting jamesfr
Roje
Could you please explain how you use this indicator?
thanks
When it is above high level, i wait to fall, then sell (first pair)/buy (second pair).
  • #3,317
  • Oct 12, 2011 7:55am Oct 12, 2011 7:55am
Quoting Roje
Hi Guys,

i studied this thread about month ago and i am using indi named Basket profit 2 pairs sg last version from 13th march. Is there any smart programmer who know to add alert (email) to this indicator where the main curve cross the high or low deviation line ?
This is the superbly idea how to trade without big risk.

Marek
Let me see if i can add that code so you can get an alert in your mailbox.
Blindly following others will make you blind!
  • #3,318
  • Oct 12, 2011 8:07am Oct 12, 2011 8:07am
Quoting Georgebaker
Let me see if i can add that code so you can get an alert in your mailbox.
The indi doesn't seems to work!
Blindly following others will make you blind!
  • #3,319
  • Oct 12, 2011 8:15am Oct 12, 2011 8:15am
Quoting Georgebaker
The indi doesn't seems to work!
Please, try to change timeframe and change it back.
  • #3,320
  • Oct 12, 2011 8:18am Oct 12, 2011 8:18am
Quoting Georgebaker
The indi doesn't seems to work!
Works for me I just attached it

I just don't know the best way to use it if anyone knows
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