Here is something I have been noticing for quite a while, and thought it time I got serious about it. This is trading divergence between two highly correlated pairs. I find the correlated pairs at http://www.mataf.net/en/tools/correlation-table I use the daily correlation chart. Presently these pairs have a correlation factor of >80 EUR/USD - EUR/CHF USD/JPY - EUR/JPY - GBP/JPY EUR/USD - USD/CHF (Negative correlation) The chart below shows the EUR/JPY and the GBP/JPY, together. Basically, if one pair makes a lower low and the other does...
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Hi
Rather than to start a new thread I have preferred to quote this one : firstly to thank billbss for sharing his idea secondly to let all followers till interested or trading too with this strategy
That said : I racked my brains for finding a way to catch the whole in an EA and get FF opinions .I don't exclude to share the mq4 file (I am not a coder and friend helped me at least hope no bugs) just to improve it but for now I'll share the compiled version.In this way I would not be in contrast with FF rules.
Set options in the exe file :
CorrElements = integer number (the number of bars the calculus of correlation
Max_bars_back = integer number(the number of bars for checking billbss condition)
Trigger_Corr_Max = double number from -1 to 1 (Maxcorrelation that pairs are allowed to get when diverging ) every time I try to figure it out I have a hard headache
Entry_Corr_MIN = double number from -1 to 1 (MinCorrelation that pairs have to be correlated enough for entering the trade.
Eventually I'll attach a text file with the 3 functions in use .It may be someone is interested of putting an eye on them.
Actually no indicators no SL no TP or other .... you can give it a try with all the options but the 4 options above are enough to begin to play
Drag in H1 TimeFrame ......... Use in all TF .... of course not 1M too much noise ... if you use H4 or 30M should be better.
I forgot .... trade in EURUSD .... correlated pair is GBPUSD . However you can change the pair as you need...... you can use every positively correlated pairs
If back test : use the open price mode because this is the entry mode of Ea when new candle
Regards
g.
{quote} Hi Rather than to start a new thread I have preferred to quote this one : firstly to thank billbss for sharing his idea secondly to let all followers till interested or trading too with this strategy That said : I racked my brains for finding a way to catch the whole in an EA and get FF opinions .I don't exclude to share the mq4 file (I am not a coder and friend helped me at least hope no bugs) just to improve it but for now I'll share the compiled version.In this way I would not be in contrast with FF rules. Set options in the exe file...
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can it be backtested ? i will be glad to assist you, im very sure this strategy will be very profitable using fix API
Here's what I was talking about. All the peaks and valleys appear to be one bar out of sync. That is not characteristic of these pairs. The farther back you look the more pronounced it is. That will only effect backtesting. The current screen appears to be ok. {image}
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Hey bro hope you are doing well. This article is old but am sure there is alot if information in it. I would like to ask if you can get the ICT SMT Divergence indicator. It's more advance
Aggiorna! Ora sto scambiando questo sistema dal vivo, ogni giorno. Sto effettuando operazioni che si verificano tra l'1:00 e le 12:00 (mezzogiorno), ora orientale, e utilizzo il 75% dell'ATR 2x per il mio SL, il 100% dell'ATR 2x per il mio TP. 2,25% del conto perso in caso di perdita, 3% del conto vinto in caso di vincita. La riverniciatura della sovrapposizione di cui ero preoccupato è vera. Ho appena effettuato un'operazione basata su una differenza di 1 pip nell'overlay (il picco rosso sinistro era 1,0655, il picco rosso destro era 1,0656). È...
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Hi cosgrove,
can I ask you if you use an indicator to display the double line?
If not an indicator can you explain how to do it?
Thanks
