Correlation style traiding | Forex Factory

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Correlation style traiding

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  • #1
  • First Post: Jul 15, 2016 12:33pm Jul 15, 2016 12:33pm
New idea for traiding .

Use 3 pairs -----------GBP- USD, USD- JPY, GBP- JPY---------- or -------------EUR-USD, USD- JPY, EUR- JPY----------

Use moving average 10 .

Use any timeframe .

Rules :
If all candles close red and all under moving average then sell all pairs same lot .
If all candles close green and all over moving average then buy all pair same lot. .
Close all postions with candle close .
  • #2
  • Jul 15, 2016 12:41pm Jul 15, 2016 12:41pm
Did you tested it? dna if yes, wich are the results?
and when do you place stop loss and take profit?
  • #3
  • Jul 15, 2016 12:56pm Jul 15, 2016 12:56pm
what settings you use for moving average .and how long you traded this approach. the trading system is very simple i like it. how long you hold the trades.
stay cool when trade begins
  • #4
  • Jul 15, 2016 1:04pm Jul 15, 2016 1:04pm
close all positions with candle close .
No take profit .No stoploss. If you like you can use take profit and stoploss based on ATR . Or you can use as stoloss the last candle lower or higher point .
It just came to my mind and started it on demo account.
The idea is based to the fact that you split the bet and to the fact that if all comes to the same direction then we enter the trade .
I just started traiding it on 15min time frame .
  • #5
  • Jul 15, 2016 2:11pm Jul 15, 2016 2:11pm
Quoting fskliris
close all positions with candle close . No take profit .No stoploss. If you like you can use take profit and stoploss based on ATR . Or you can use as stoloss the last candle lower or higher point . It just came to my mind and started it on demo account. The idea is based to the fact that you split the bet and to the fact that if all comes to the same direction then we enter the trade . I just started traiding it on 15min time frame .
Fskliris, thank you subscribed.
I will try next week GU, UJ and GJ
"You may say I am a dreamer .... but I am not the only one."
  • #6
  • Jul 15, 2016 2:23pm Jul 15, 2016 2:23pm
Hello Fskliris, is the 10 moving average an EMA or SMA?
Thanks
  • #7
  • Jul 15, 2016 3:17pm Jul 15, 2016 3:17pm
good work fskliris

προχωρα
  • #8
  • Jul 15, 2016 4:19pm Jul 15, 2016 4:19pm
PLEASE TRY AND UPLOAD SOME CHARTS WITH EXPLANATIONS. iT IS QUITE A SIMPLE SYSTEM BUT JUST WANT TO SEE HOW YOU MAKE THOSE DECISIONS. WHAT IF THE CANDLES HAVE BEEN UNDER THE 10MA FOR SOME TIME WHEN THE ALL TURNED SELL?JUST NEED TO BE CLEAR ON YOUR ENTRIES
  • #9
  • Jul 15, 2016 4:27pm Jul 15, 2016 4:27pm
When somebody could program it, it would bee easy to test it. But I think same lot is not correct, when USD is on the opposite side..
  • #10
  • Jul 15, 2016 8:53pm Jul 15, 2016 8:53pm
Quoting fskliris
New idea for traiding . Use 3 pairs -----------GBP- USD, USD- JPY, GBP- JPY---------- or -------------EUR-USD, USD- JPY, EUR- JPY---------- Use moving average 10 . Use any timeframe . Rules : If all candles close red and all under moving average then sell all pairs same lot . If all candles close green and all over moving average then buy all pair same lot. . Close all postions with candle close .
Arent you just trading ​gbpjy or eurjpy now?
  • #11
  • Jul 15, 2016 9:33pm Jul 15, 2016 9:33pm
Quoting Beertje
When somebody could program it, it would bee easy to test it. But I think same lot is not correct, when USD is on the opposite side..
yep - i agree - pip value need to take into account.
  • #12
  • Jul 15, 2016 9:41pm Jul 15, 2016 9:41pm
Quoting Anusragger
{quote} Arent you just trading ​gbpjy or eurjpy now?
Yup..multiplied by 2. Plus 3x the spread. People really need to think these things out.

Buy GBP/USD (long GBP/Short USD)
Buy USD/JPY (long USD/Short JPY)
Buy GBP/JPY )Long GBP/Short JPY)

The USD short and long cancel each other out, now you are left with 2 long GBP 2 Short JPY. So you are buying GBP/JPY x2.
  • #13
  • Jul 16, 2016 12:27am Jul 16, 2016 12:27am
The system ... its just an idea for now . I havent try it and i think that its difficult to test it with an EA . Maybe with excel .
The MA is selectable. Try 5 , 10 , 20 whatever you want .
Every same candle combination under or over MA is a trigger for sell or buy. Close position with candle close . I will try next week with stoploss as i have described before.
Pip value need to take into account. I agree. So maybe someone can calculate the pips for the same bet per pair
Any suggestion are very welcome .
I have developed many systems before based on fractals or candle break. I think this system has potentials.
As I have try to find same think like , as this, I haven t.
  • #14
  • Jul 16, 2016 12:35am Jul 16, 2016 12:35am
Please see pic !
Attached Image (click to enlarge)
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  • #15
  • Jul 16, 2016 12:46am Jul 16, 2016 12:46am
Quoting fskliris
Please see pic ! {image}
looks nice - if the rule is as simple as this.
we can make a ea.
  • #16
  • Jul 16, 2016 2:00am Jul 16, 2016 2:00am
Looks like a good idea and I believe that we can win more pips from it than just a candle close on 15m. timeframe, also we can use more pairs to trade like basket example: all JPY pair, or all GBP pairs etc. plus your correlative pairs.
Looking for profitable short term trades ...|
  • #17
  • Jul 16, 2016 3:22am Jul 16, 2016 3:22am
I think that a such EA will trigger lots of trades resulting in high DD.
why dont you use 3 sma to confirm the signal e.g. 30.50.100 for every pair to confirm the signal
so it reduce the number of trades. it's an idea. I am not so clever to code an ea so i can only
to imagine how it will go.
  • #18
  • Jul 16, 2016 5:57am Jul 16, 2016 5:57am
anybody can make an ea out of this is welcome .
  • #19
  • Jul 16, 2016 6:04am Jul 16, 2016 6:04am
Hi I'm new to forex and also to the ff

Anyway by saying 'If all candles close red and all under moving average then sell all pairs same lot' you mean?

last candle closed of GBP- USD is under 10MA and is bearish
last candle closed of USD- JPY under 10MA and is bearish
last candle closed of GBP- JPY under 10MA and is bearish


And then only we put a sell order to all these pairs?
  • #20
  • Jul 16, 2016 6:06am Jul 16, 2016 6:06am
thorn
please see this ,
in this case there is no entry in all pairs.
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