DislikedSam2x is indeed a genius! Please can you create a Correlation pin that will help us creat a holy grail system thanksIgnored
I also was interested in correlation Pins, and Sam is getting good at what he does and much improved since he made his first Adx Pin,
however what he wants to know is precise rules to make the Pin work_
He is a Toy Maker, but we need to tell him the ingredients to make a nice Pin, and then we try it and if there is a bug I am sure he will fix it and make it better_
Pin correlation you mean ? positive correlation when two or more currency pairs move in the same direction at the same time?
Also which rules to follow ?
There are rules which can apply to pairs same direction ex EU/GU and buy those who break their correlation at resistance or support, or there are rules based on values of correlations 85-100% or also rules that will buy sell same pairs normally correlated, but that lose correlation at resistance or support because one begins to make lower lows and the other makes higher lows etc …
Or also as shown in photo Buying the pairs that are reinforced by a double confirmation
ex: EurUsd up and UsdJpy up then EurJpy is strengthening, BUY EJ and vice versa/
if EU+UJ above > H1/H4 EMA, Buy EJ / If EURO/AUD/NZD Strong USD/Weak then Buy XauUsd, buy AudUsd, buy Nzdusd, Sell UsdChf and so on ,,,,
Wish a nice system could be found in this way_ Correlation is also strength and I agree with Aeseme and Gvc, they always talk about strength cos they know the market is based on weakest and the strongest_
Perhaps by discussing more we could propose a detailed system and Sam could take a look at it_
As a newbie I am getting okay with Charts, but when it comes to strings and nulls and all those numbers and commas I have to give up ;-(
The arriving better than the arrival, the journey has just started