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top menu bar select Trading Platforms Desktop Forex Trading
press Free Practice AccountIgnored
Ty mate
Overlay in MetaTrader 23 replies
Overlay 2 replies
Futures and Forex charting package with overlay 0 replies
Overlay Indicators - I've seen this lots of times but..... 3 replies
Histogram Overlay 1 reply
Dislikedwww.fxcm.co.uk
top menu bar select Trading Platforms Desktop Forex Trading
press Free Practice AccountIgnored
DislikedMarijan993 is right, use forex ticket to find correlation for any combination of pairs, you'll see that short term, like 5 min is almost always out of correlation for EU/GU pairs, but at weekly, it is 0.80, or 80% which is what we want...now, could these pairs go worse, like 50%?...yes, but over time, not immediately, and I am wary of Euro crisis, too, but if they boot Greece out, and Italy and Spain straighten up, after some loss, it could come back.I agree about EG, yesterday I was trading big gap that made good profit, and the EG had gone way...Ignored
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DislikedHey looks good, can you post your set files if you didn't already? Looks like your drawdown came back better than on my vps.. but probably because we started it at different times.Ignored
DislikedHi Paul, could you tell me how are you fixing the same scale for both currencies with the fxcm platform please?Ignored
DislikedThe whole point of stat arb/pairs trading is the expectation that one of the pairs loses, but the other profits more, so net profit...the pairs are entered at a gap and then they can go up, down sideways, whatever with no change in bottom line P/L, the only thing that makes the DD is the widening of the gap, and so the profit is always reached when the gap closes. That is why I don't need a stop loss, because the pairs will always come back to correlation, and revert to mean, also...in 1 min TF, and since no SL, no losses, ever! It's unbelievable!...Ignored
DislikedYes Pipster...entirely agree with you, this is the true philosophy of hedging pairs and this instrument is only available in the forex market and, by my point of view, is the "only" way to make money from it...no indicators, no SL, no mambo jambo etc.
The nature of specific pairs is the correlation, a couple of pairs highly correlated can loose for a short time the correlation but soon or late it will come back home.
So, this EA is a good instrument for work with hedging pairs and for "hedging the hedge". You must run two instances of the...Ignored
DislikedHi Dirtybrown,
looking at both your statements some of the GU is at 0.06 lot. How did the EA end up with such lot size? i thought EA was suppose to use 0.08 v 0.10?Ignored
DislikedSome FTests:
http://www.myfxbook.com/members/cusber/oph/305833
GBPUSD
EURUSD
true
true
ADR 1.0
max floating DD 495.88
http://www.myfxbook.com/members/cusber/oph4/305415
Magic:900000
USDCHF
EURUSD
true
true
ADR 1.0
Magic:900001
USDCHF
EURUSD
true
true
ADR 0.8
Magic:900002
USDCHF
EURUSD
true
false
ADR 0.8
Magic:900003
USDCHF
EURUSD
false
true
ADR 0.8
Magic:900004
USDCHF
EURUSD
true
false
ADR 1.0
Magic:900005
USDCHF
EURUSD
false
true
ADR 1.0
Max DD:-2103.4
http://www.myfxbook.com/members/cusber/oph-1/305743...Ignored
DislikedI believe this EA can perform very good if the currency pair are highly correlation, the reason why we have large DD recently, because EU and GU are not in highly correlation.
please see this correlation chart in difference period.
http://fxtrade.oanda.com/analysis/currency-correlation
http://www.forexticket.co.uk/en/tools/01-01-correlation
I found there are 2 set pair they are highly correlation.
1. AUDUSD/NZDUSD (almost over 90% in 1 week over to 1 year period)
2. EURUSD/USDCHF (it is negative correlation but have highly...Ignored
DislikedFirstly, I would like to thank you Dirty Brown introduce us this great EA then we have this opportunity to use it. This EA is great but maybe need some improvement or maybe we don't know it well.
This is my new test using demo account:
Broker: Hotforex
VPS: CNS (very fast connection with Hotforex)
TF: M1
Set:
Basic_Setting=----------------- Basic Setting -----------------
Lot=0.05000000
LayerDistance=150
UseTakeProfitByPip=1
TakeProfit=80
UseTakeProfitByUSD=0
TakeProfitInUSD=100.00000000
MaximumLayer=5
Pair_Setting=----------------- Pairs Setting...Ignored