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Hedge and Correlation Strategy

  • #3,781
  • Mar 14, 2012 10:31am Mar 14, 2012 10:31am
Hi User666!

How do you use exactly cho indicator? Its appear a bit confuse match graphic of cho with pairs .

Thanks


Quoting user666
Codes of these attached indicators improved by programmer of our company (I am not professional programmer).In this time soft does not generate any errors and can be used without limitations.
  • #3,782
  • Mar 16, 2012 11:30am Mar 16, 2012 11:30am
Quoting AlbertoFX
Hi User666!

How do you use exactly cho indicator? Its appear a bit confuse match graphic of cho with pairs .

Thanks
I'm sure you will find answer for your question if will read previous post when this indicator was described first.
  • #3,783
  • Mar 16, 2012 12:06pm Mar 16, 2012 12:06pm
This version contain two approaches:
1) Old approach described above (variable ProfitableExitOnly = false)
2) New approach (ProfitableExitOnly = true)
If option "Profitable Exit" selected, EA will try close orders at every of 6 Levels (from 1 to 6) Stochastic
Pair Difference (Level) defined by trader. If Trade is profitable at the 1-st Level, trade will be closed
independently of Profit Value is selected (variable ExitByProfitTargetOnly=false). Otherwise trade will be closed
based on defined by user ProfitTagetLevel_1 value only. The same on other Levels excluding 6.
On Level 6 trades will be closed with any profit (+/-) if Level will be reached.
This was made to eliminate losses because sometimes trade not profitable at 50% Stochastic value, but
is profitable when Sochastic Level is 40% or 30% or 20% or 5%...
to keep Exit low level (40% and below) mean increase time or trade and sometimes risk.
It's up to you which way will be selected. Here we have determinantly more choices.
With these Level Options with 'Profitable Exit option' you will have always more %%
of profitable deals. This solution does not decrease your DD

I am not programmer, made changes for himself, maybe for somebody will be useful too.
Attached File(s)
File Type: mq4 stoch diff 2 pair easqozh(automagiclevels)v1.00.mq4   18 KB | 1,101 downloads
  • #3,784
  • Mar 18, 2012 3:37am Mar 18, 2012 3:37am
Instead of switch between time frames I use this instrument on the same chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 184.png Size: 41 KB
Attached File(s)
File Type: mq4 mtfstochastic 2 pairs 1-1.7_4_adv.mq4   22 KB | 1,204 downloads
  • #3,785
  • Mar 18, 2012 3:47am Mar 18, 2012 3:47am
As you can see from comparison of "Stochastic 2 Pairs indicator' and "CCI 2 pairs indicator" last of them offering for us much more clarity about probability of price movement above 100% line of Stochastic 2 Pairs indicator. This will allow us make better selection of Market Enter Point and in such way drastically eliminate DD.

Together with Stochastic 2 Pair have to be used as complementary tool.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 185.png Size: 43 KB
Attached File(s)
File Type: mq4 mtfcci2pairs.mq4   23 KB | 1,454 downloads
  • #3,786
  • Mar 20, 2012 7:34am Mar 20, 2012 7:34am
My first post on this great thread !

Hi Malik,

Your trading strategy seems interesting to me and I wowld like to ask for some more details.
What do you mean by:
"So I open an account of 10,000USD and take 4 buys and 4 sells, and keep 2 as a cushion just for the first 14 days cause thats when your account will still be showing (-), and this -ve value will start reducing on daily basis." ?

You are buying 4 lots what and you are selling 4 lots what ? Why you are keeping 2 (what ?) for 14 days and what is happening with the rest 6 (what ?) ?

I hope I'm clear in my questions and thank you in advance for your answer.

seemore

Quoting Malik81
Hi all, I hope I wont sould silly by the end of my post, since I expect most of you here might already know this strategy, it's obvious from what I've been reading on here that most of you have benn into forex ages before me and much more knowlegable than I am but still I will share my thoughts.

I'll post the pros of the strategy I am using first:

Pros:
1) 100% risk free.
2) No time needed what so ever, you take the deals once every quarter, in worst case senario you have to check on the deals once every 10 days.
3)...
  • #3,787
  • Mar 22, 2012 3:50am Mar 22, 2012 3:50am
user666

EURUSD has fallen down!
  • #3,788
  • Mar 22, 2012 3:53am Mar 22, 2012 3:53am
Quoting jack-fx
user666

EURUSD has fallen down!
Thank you
  • #3,789
  • Mar 22, 2012 3:58am Mar 22, 2012 3:58am
I remember I played around something like your indicator, a couple of years ago. It was based on a neural net which weighed past data and, according to some parameters, plotted a prediction line into the future.
But i'm not a scientist and I didn't succeed.
Anyway, your results offer a positive hope for all we ...ordinary mortals
Thanks for showing it.
  • #3,790
  • Edited 4:15am Mar 22, 2012 3:58am | Edited 4:15am
...
I have the very same indi and the predictions are catastrophic !

Quoting jack-fx
user666

EURUSD has fallen down!
  • #3,791
  • Mar 22, 2012 4:00am Mar 22, 2012 4:00am
Quoting jack-fx
I remember I played around something like your indicator, a couple of years ago. It was based on a neural net which weighed past data and, according to some parameters, plotted a prediction line into the future.
But i'm not a scientist and I didn't succeed.
Anyway, your results offer a positive hope for all we ...ordinary mortals
Thanks for showing it.
I see you have also scientific thinking...
  • #3,792
  • Mar 22, 2012 8:07am Mar 22, 2012 8:07am
Quoting user666
Nobody sell hen laying gold eggs.

Such is reality of modern World.

I published it only to show that modern market theory is wrong.
Big market player have zero role in trend creation.

Because large market movement was known 12 hours ago.
So I get yours is a philosophical matter. Nice to know.
  • #3,793
  • Mar 22, 2012 1:25pm Mar 22, 2012 1:25pm
It would be nice if we go back talking about Hedge and Correlations....
  • #3,794
  • Apr 2, 2012 7:50pm Apr 2, 2012 7:50pm
Someone could help me find an EA that closed correlated pairs when they reach a certain pre-defined number of pips? tks.
  • #3,795
  • Apr 3, 2012 2:51am Apr 3, 2012 2:51am
Quoting hanidantas
Someone could help me find an EA that closed correlated pairs when they reach a certain pre-defined number of pips? tks.

Hi,
Max Doom coded a good one which will close up to ten couplings. It is at

http://www.forexfactory.com/attachme...8&d=1322905780 earlier in this thread at post 3441. I can't remember if he put instructions there but I have a doc file on its use if you need it.
Cheers,
AltosT
  • #3,796
  • Apr 3, 2012 4:49am Apr 3, 2012 4:49am
Quoting hanidantas
Someone could help me find an EA that closed correlated pairs when they reach a certain pre-defined number of pips? tks.
hanidantas,

there also is the well-known 'Multi Purpose Trade Manager' (MPTM) by Steve Hopwood > http://www.stevehopwoodforex.com/php...=64&hilit=mptm. Worth to have a look at.

Regards
josch
trading is war - life is simple
  • #3,797
  • Apr 6, 2012 7:57pm Apr 6, 2012 7:57pm
Quoting josch
hanidantas,

there also is the well-known 'Multi Purpose Trade Manager' (MPTM) by Steve Hopwood > http://www.stevehopwoodforex.com/php...=64&hilit=mptm. Worth to have a look at.

Regards
josch
Josch,
Thank you for your help!
Regards
  • #3,798
  • Apr 10, 2012 12:03pm Apr 10, 2012 12:03pm
Hi,
User666,

its a great work u did.... with pairs indicator.

will be thankful, if u could forward OZH series indicators to my email id.

thanks,
Harry Potter.
hpotter
  • #3,799
  • Apr 17, 2012 6:48am Apr 17, 2012 6:48am
Hi Dreamliner and all,

I was wandering if anyone is still using this strategy? It seems that the tread is slowly dying...

Thanks
  • #3,800
  • Apr 17, 2012 9:41am Apr 17, 2012 9:41am
thk for sharing.....great work man
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