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Hedge and Correlation Strategy

  • #3,801
  • Apr 24, 2012 6:22am Apr 24, 2012 6:22am
Quoting duca
trend EUR/GBP UP =
uncorrelation -
EUR/$ UP - GBP/$ down
Hi duca
I see that to open trade negative 100%corro. E/U and U/F on same time with same lot and you should have profit and loss same but you have have profit more than loss can you put light on how to play with those
sorry for english
thanks
  • #3,802
  • Apr 24, 2012 3:18pm Apr 24, 2012 3:18pm
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...
Hi Malik

Which broker do you use for this stretegy
thanks
  • #3,803
  • Apr 25, 2012 2:41am Apr 25, 2012 2:41am
Dear Dreamliner!
How could I turn on the mentioned stochastic indicator in metatrader?
Wich features shoud I adjust?
Br:
Lacatrade
  • #3,804
  • Apr 25, 2012 11:30am Apr 25, 2012 11:30am
Hi every one,

Stochastic different pairs 1.7_4 need to fix mathemetically and modify
problem in delta difference between two pair

It shoud appear like below exmple
If E/U go up +50 green pips in green color on current price and U/C go down -40 Red pips in red color on current price & difference will be 50green-(-40red)= 90pips and visevirsa
If E/U go up +10 green pips on current price and U/C go up also +4 green pips on current price & difference will be 10green-(+4green)=6pips visevirsa

and should appear on side of chart or
You can do with overlay charts or any other like histogram and display atleast 5 bars with amount of pips on side of chart which ever easy for you
Please help sorry for english
Thanks
  • #3,805
  • Apr 28, 2012 9:56am Apr 28, 2012 9:56am
Hi there!
I'm sorry I just joined this forum today as I have started to experiment with Correlation trading.
Page 1 tells me to goto page 100, but the instructions on page 1 still apply?
where do I start and get linked in?

Thanks,
tony
  • #3,806
  • May 3, 2012 8:12am May 3, 2012 8:12am
about correlation,

1 pp on eur usd is different 1 pp gbp usd,

why you traded eur usd - gbp usd with the same size ?

thank you
  • #3,807
  • May 3, 2012 8:18am May 3, 2012 8:18am
Quoting wallstreet03
about correlation,

1 pp on eur usd is different 1 pp gbp usd,

why you traded eur usd - gbp usd with the same size ?

thank you
1 pip eurusd and 1 pip gbpusd have the same value

http://www.babypips.com/tools/forex-...s/pipvalue.php
  • #3,808
  • May 3, 2012 3:20pm May 3, 2012 3:20pm
Quoting Pierre
1 pip eurusd and 1 pip gbpusd have the same value

http://www.babypips.com/tools/forex-...s/pipvalue.php
but volatiliy is different !
  • #3,809
  • May 5, 2012 10:54am May 5, 2012 10:54am
Quoting smjones
Yes
Hi smjones,
I was testing you stochastic indicator v1.74

Can you change stochastic to MA to get signal and leave rest as same
Thanks
Attached File(s)
File Type: mq4 Stochastic different pairs 1.7_4.mq4   19 KB | 1,814 downloads
  • #3,810
  • May 14, 2012 10:21am May 14, 2012 10:21am
- I try to develop same idea but with diferents indicators, please help me to make a indicator that show the diferences. Please let me explain ( check graphic attached please ).
1.- We set envelopes indi at 0.1, 0.2 until 2.0 , Period 200 EMA
2.- Previusly we choose two pair with positive correlation, lets say AUDCHF and GBPCHF
3.- We took as "base price" EMA 200
4.- So, In case of AUDCHF , according picture, we can meter/read +0.5 "units" from base price
5.- GBPCHF as well it is a reading of -0.3 "units".
6.- We need to plot/draw a indicator that show us the diference between pair 1 and pair 2, this case 0.5 - (-0.3 ) = +0.8
7.- I try to develop wich was the average of such "units diference" and try to enter buy/sell according such readings.
8.- May be +1.2 or -1.2 be the correct timing diference or +1.8 or -1.8, but visually is tired to see.
So, Can somebody make a indicator that plot :
a) Units from pair 1 to "base price" ? AND
b) Units from pair 2 to "base price" ? AND
c) Diference between pair1-pair2 ??
Please note , if price is above EMA200 then we assume "positive units" and, if below of ema200 then is "negative units"
Also note each "step" of each "unit" is diference for each pair. This value is granted by envelope indi.

Thanks in advance. Hope I made clear the explication.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-05-14_0032.png Size: 102 KB
  • #3,811
  • May 14, 2012 2:05pm May 14, 2012 2:05pm
The best indicator is here. Repair can be a very good programmer.
http://luku.cz/fx/2012/01/23/ediff/
  • #3,812
  • Edited 7:56pm May 14, 2012 7:43pm | Edited 7:56pm
Quoting AlbertoFX
- I try to develop same idea but with diferents indicators, please help me to make a indicator that show the diferences. Please let me explain ( check graphic attached please ).
1.- We set envelopes indi at 0.1, 0.2 until 2.0 , Period 200 EMA
2.- Previusly we choose two pair with positive correlation, lets say AUDCHF and GBPCHF
3.- We took as "base price" EMA 200
4.- So, In case of AUDCHF , according picture, we can meter/read +0.5 "units" from base price
5.- GBPCHF as well it is a reading of -0.3 "units".
6.- We need to plot/draw...

Hi, Alberto

I took longer to understand than to program.




1 unit = (Price - EMA) / 10pip


Look the example

http://i50.tinypic.com/23wkyvn.png
.
.
.
.
.
.
.
Attached File(s)
File Type: mq4 DiffDesvEnv_V1.mq4   3 KB | 725 downloads
  • #3,813
  • May 14, 2012 8:41pm May 14, 2012 8:41pm
This works in 4-digits brokers and 5-digits broker too
.
.
.

.
Attached File(s)
File Type: mq4 DiffDesvEnv_V1.1.mq4   3 KB | 1,191 downloads
  • #3,814
  • May 15, 2012 12:32am May 15, 2012 12:32am
Quoting ronaldoaf
This works in 4-digits brokers and 5-digits broker too
.
.
.

.
hows the ea doing? long time no see good to see you back
  • #3,815
  • May 15, 2012 1:18am May 15, 2012 1:18am
I will to test it..

Thanks again...

Quoting ronaldoaf
Hi, Alberto

I took longer to understand than to program.




1 unit = (Price - EMA) / 10pip


Look the example

http://i50.tinypic.com/23wkyvn.png
.
.
.
.
.
.
.
  • #3,816
  • May 15, 2012 2:06pm May 15, 2012 2:06pm
Could you post a short description of the Indicator and EA and its set up. I have no problem doing the leg work, but this website is in Czech and Google translator is somewhat lacking with parts of the page. I have used his earlier version but this one incorporates an ea and another indicator.
  • #3,817
  • May 15, 2012 4:06pm May 15, 2012 4:06pm
Quoting rtmassin1
Could you post a short description of the Indicator and EA and its set up. I have no problem doing the leg work, but this website is in Czech and Google translator is somewhat lacking with parts of the page. I have used his earlier version but this one incorporates an ea and another indicator.
Look the posts of Luku

http://www.forexfactory.com/showthre...05#post5305505

http://www.forexfactory.com/showthre...28#post5316928
  • #3,818
  • May 15, 2012 11:26pm May 15, 2012 11:26pm
Quoting rtmassin1
Could you post a short description of the Indicator and EA and its set up. I have no problem doing the leg work, but this website is in Czech and Google translator is somewhat lacking with parts of the page. I have used his earlier version but this one incorporates an ea and another indicator.
Set the indicator is in English
Attached Image (click to enlarge)
Click to Enlarge Name: luku.gif Size: 42 KB
  • #3,819
  • May 16, 2012 1:22am May 16, 2012 1:22am
Thanks guys for your quick response. However, as I have said I have used the older versions, v1.4 and v1.2. I also know that the default language for the indicator itself is in English. My question was pertaining to v1.5 on the site that was posted. LuKu's site is in Czech. He also has an EA and another Indicator that he uses in conjunction with the one presented on this forum. I just thought maybe the individual that posted the link may know Czech and could read the instructions better than I could translating them with Google lol. Its not really that important now. I realized that the indicator requires one to download history from the history center to work properly. Its not exactly what I was looking for anyway. This indi uses Stoch. I was looking for something that would use a mean price difference and show a moving average of the price difference away and to the line. Similar to the Basket Profit 2 pairs sq that was posted before but with the mean deviation more static. Maybe I can just set that one to read more periods.

Algotrader makes a great one but I would rather not pay 400 dollars for it
  • #3,820
  • May 16, 2012 2:37am May 16, 2012 2:37am
Quoting rtmassin1
Thanks guys for your quick response. However, as I have said I have used the older versions, v1.4 and v1.2. I also know that the default language for the indicator itself is in English. My question was pertaining to v1.5 on the site that was posted. LuKu's site is in Czech. He also has an EA and another Indicator that he uses in conjunction with the one presented on this forum. I just thought maybe the individual that posted the link may know Czech and could read the instructions better than I could translating them with Google lol. Its not really...
sDiffType = 2 = EMA
sDiffType = 3 = Stochastic
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