Hi Guys !
I couldn't improve the Diff EMA, but the AlbertoFX and I made a new indicator, the Zscore Diff 2 pairs. It's much better.
ZScore = (Close - MVA of Close)/ Stdev of Close; Z Scope basically translate the movement of Price within the Bollinger Bands, to move within a fixed, deviation channel. Every time B.B. touches the channel, Z Scope do the same thing.
In our "Zscore Diff 2 pairs" have 3 lines:
Red line => Zscore of Pair 1
Blue line is => Zscore of Pair 2
Magenta line => (Zscore...
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Indicator: Extremely slow computer
EA: Open two identical parallel hedge
Hi Guys !
I couldn't improve the Diff EMA, but the AlbertoFX and I made a new indicator, the Zscore Diff 2 pairs. It's much better.
ZScore = (Close - MVA of Close)/ Stdev of Close; Z Scope basically translate the movement of Price within the Bollinger Bands, to move within a fixed, deviation channel. Every time B.B. touches the channel, Z Scope do the same thing.
In our "Zscore Diff 2 pairs" have 3 lines:
Red line => Zscore of Pair 1
Blue line is => Zscore of Pair 2
Magenta line => (Zscore of Pair...
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Thank you for the EA! would like to try out as well!
one Question, what do you set period?(leave it as default setting:20 ?)
those trades of last 2-3 days are very promising. You chose this 2 pairs by looking at high correlation, I assume. You tested other pairs and/or timesframes too?
Hi Guys !
I couldn't improve the Diff EMA, but the AlbertoFX and I made a new indicator, the Zscore Diff 2 pairs. It's much better.
ZScore = (Close - MVA of Close)/ Stdev of Close; Z Scope basically translate the movement of Price within the Bollinger Bands, to move within a fixed, deviation channel. Every time B.B. touches the channel, Z Scope do the same thing.
In our "Zscore Diff 2 pairs" have 3 lines:
Red line => Zscore of Pair 1
Blue line is => Zscore of Pair 2
Magenta line => (Zscore...
Ignored
I may be wrong, because I am weak in mathematics. New indicator does not work as proposed by Alberto. Level indicator should be in pips. EMA indicators should be zero and the current price levels are far from EMA on any value in pips. The indicator should show the sum of these distances in pips.
I may be wrong, because I am weak in mathematics. New indicator does not work as proposed by Alberto. Level indicator should be in pips. EMA indicators should be zero and the current price levels are far from EMA on any value in pips. The indicator should show the sum of these distances in pips.
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But that's exactly how the DiffEMA works
The AlbertoFX sent me the idea of zscores by email. And I'm sharing with you
The AlbertoFX sent me the idea of zscores by email. And I'm sharing with you
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Alberto wrote:
"Drahí: Po týchto súborov, takmer 1 rok som hral s relatívnym úspechom manuálnou zmenou Stoch od EMA. Dôvod? EMA pohybujú s cenou, Stoch nepohybujú sa v dôsledku obmedzenia 0-100." New indicator behaves very much like a diffstoch, and the results are similar.
those trades of last 2-3 days are very promising. You chose this 2 pairs by looking at high correlation, I assume. You tested other pairs and/or timesframes too?
josch
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I think the ideal correlation is between 75% and 95% or between -75% and - 95%
I did not realize a lot of testing with other pairs. I chose these because the spreads are tight.
There are dozens of combinations which can be verified
Alberto wrote:
"Drahí: Po týchto súborov, takmer 1 rok som hral s relatívnym úspechom manuálnou zmenou Stoch od EMA. Dôvod? EMA pohybujú s cenou, Stoch nepohybujú sa v dôsledku obmedzenia 0-100." New indicator behaves very much like a diffstoch, and the results are similar.
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correct, but it is not an oscillator. Depends on MA and Standard Deviation
I think the ideal correlation is between 75% and 95% or between -75% and - 95%
I did not realize a lot of testing with other pairs. I chose these because the spreads are tight.
There are dozens of combinations which can be verified
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Yes,
dozens of combinations. Right now there is a correlation of 96.8 for those pairs based on 5 minutes, above 79 for higher TFs.
Please look back this thread, the use of negative correlating pairs was stated better to avoid because of much more possible DD as using positive ones.
correct, but it is not an oscillator. Depends on MA and Standard Deviation
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Maybe not as depressed as the level of the oscillator, but it's quite similar. Alberto has successfully used a simple linear sum of the distances from the EMA. It may be a new indicator of good - as I wrote, I am weak in mathematics.
Hello, just one comment I am using FXClearing demo also but when I put the indicator on EURUSD I started to receive error message:
2012.01.11 20:14:53 Diff ZScore 2 pairs EURUSD,M5: zero divide
should I change something or what? please suggest. Thanks
Maybe not as depressed as the level of the oscillator, but it's quite similar. Alberto has successfully used a simple linear sum of the distances from the EMA. It may be a new indicator of good - as I wrote, I am weak in mathematics.
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One more difference - Alberto looks directly at the price of both pairs and the indicator should be monitored magenta curve, which is delayed for two prices.
Hai guys,
i am new here and still trading with demo account. Sory for bad english i am frm JAP. So go easy on me.
Can someone tell me base on my snap shoot, where is the good LONG and SHORT trade ? What is the signal to look for LONG/SHORT ? What is TP n SL to be place ?
Appreciate if some user in here can give me a brief and simple guide with this method.
Hai guys,
...
Appreciate if some user in here can give me a brief and simple guide with this method.
Thanks
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Lyk,
months ago I made a summary of Dreamliner's method (pdf). Let me your e-mail, and I'll send it to you, if you don't want to go through the posts, which would be best to get knowledge though. It is dated dec. 2011 and includes NOT the most recent changes/replenishments.
Hedge and Correlation Strategy
