New EA TRACKER is free and updated with hedging integration!
- Thread starter Gold Mastering
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I'm asking how many max OP in 1 correlation pair in real live trading ever happened, not in setting
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would it not be better to measure the Correlation values live because they change and vary from time to time . You can reduce draw-down caused by hedging pair by picking pairs that have higher percentage Correlation above or below X based on Times frames Y and Z,
when X is greater than %80 or lesser below %-80 on both timefarme Y and Z, when Y is 15min chart and and Z is 1Hr chart
Actually this EA works at small bump to get spread of profit, but not too much volatile 1 of correlation pair, otherwise the gap to far to catch up even with hedging, sometimes after hedging it reverse and all position minus.
For example: this just happen yesterday, GBPUSD and GBPJPY use to be 98% positive correlation, but USDJPY pair get into volatile with deep dive then it change the game, when entering WARNING area after close (tp) better stop EA or Remove from the correlation chart.
For example: this just happen yesterday, GBPUSD and GBPJPY use to be 98% positive correlation, but USDJPY pair get into volatile with deep dive then it change the game, when entering WARNING area after close (tp) better stop EA or Remove from the correlation chart.
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You may need to keep an eye on 2 Timeframes not just one, Live values
It will minimize Correlation fake outs and eliminate opening the hedging pair.
Observe 2 TFs for 1 weeks eg 15m and 1hr with its Correlation percentage.
You will achieve 2 things
1. lower DD
2.Increase profit factor
It will minimize Correlation fake outs and eliminate opening the hedging pair.
Observe 2 TFs for 1 weeks eg 15m and 1hr with its Correlation percentage.
You will achieve 2 things
1. lower DD
2.Increase profit factor
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I have created a spreadsheet containing the correlations for those that want more research material.
I think this is a great strategy: you will always win if you trade dual currencies. Eventually, one leg will earn greater profit to offset the other's loss - or else both legs will win!
I have also attached the Indicator I use. Hope we can all share improvements and ideas!
Thanks!
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Personally, I prefer https://www.mataf.net/en/forex/tools/correlation
My spreadsheet is sourced from here also.
Perhaps there is a way for the EA to occasionally recall (download) the CSV containing the largest divergent pairs, and utilise this to open new positions?
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This is my review for this thread:
One of the more promising EAs I have discovered for Divergence/Convergence trading of (anti-)correlated pairs.
One of the more promising EAs I have discovered for Divergence/Convergence trading of (anti-)correlated pairs.
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Its like you are in my head lolI have created a spreadsheet containing the correlations for those that want more research material.
I think this is a great strategy: you will always win if you trade dual currencies. Eventually, one leg will earn greater profit to offset the other's loss - or else both legs will win!
I have also attached the Indicator I use. Hope we can all share improvements and ideas!
Thanks!
_______________________________________________________________________________________________________
Personally, I prefer https://www.mataf.net/en/forex/tools/correlation
My spreadsheet is sourced from here also.
Perhaps there is a way for the EA to occasionally recall (download) the CSV containing the largest divergent pairs, and utilise this to open new positions?
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What about the SL then? Does hedging take over first, then SL occurs as final safeguard? Or hedging only occurs if SL = False?
Please explain.
Rather than SL or hedging, I would prefer to average a losing position, as:
a) a strong divergence on anti-correlated pairs will soon converge;
b) hedging will offset (lower) profits.
Even if only one leg (pair) converges, the profit with averaging positions will eventually outweigh the losing leg's postions.
I hope you can add averaging options for a losing position:
1. Static Lotsize: no increase;
2. Linear: fixed-increment increase;
3. Martingale: with multiply factor.
Thanks!
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Since you experienced flat crash, how will you prevent it reoccurring, would it not be fair to use Values from 2 times frames ?I have created a spreadsheet containing the correlations for those that want more research material.
I think this is a great strategy: you will always win if you trade dual currencies. Eventually, one leg will earn greater profit to offset the other's loss - or else both legs will win!
I have also attached the Indicator I use. Hope we can all share improvements and ideas!
Thanks!
_______________________________________________________________________________________________________
Personally, I prefer https://www.mataf.net/en/forex/tools/correlation
My spreadsheet is sourced from here also.
Perhaps there is a way for the EA to occasionally recall (download) the CSV containing the largest divergent pairs, and utilise this to open new positions?
_______________________________________________________________________________________________________
View attachment 101306
View attachment 101307
View attachment 101308
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for example We all usually assume GBPUSD - EURUSD have positive Correlation ,
but in reality their positive Correlation percentage is rarely over 80% on all timeframes.
Whereas GBPUSD - GBPSGD has consistent positive Correlation higher than 90% in all timeframes.
https://www.myfxbook.com/forex-market/correlation/GBPUSD
but in reality their positive Correlation percentage is rarely over 80% on all timeframes.
Whereas GBPUSD - GBPSGD has consistent positive Correlation higher than 90% in all timeframes.
https://www.myfxbook.com/forex-market/correlation/GBPUSD
Something is not working, EA didn't open hedge on positive correlation.
Should add parameter for limit of max spread to open position, as we can see at USDCHF have huge spread when open buy
What is the logic for a trigger to OP hedge?
Conclusion for now: Tracker EA didn't work well when market to volatile and the correlation missed. IT works when and only when the correlation >80% and in volatile market that do not change the correlation too much, Better stop EA when the correlation missed (below 70%)
Should add parameter for limit of max spread to open position, as we can see at USDCHF have huge spread when open buy
What is the logic for a trigger to OP hedge?
Conclusion for now: Tracker EA didn't work well when market to volatile and the correlation missed. IT works when and only when the correlation >80% and in volatile market that do not change the correlation too much, Better stop EA when the correlation missed (below 70%)
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Hi from first post I can select only 1 tracker p and only 1 tracker n
For example I use
EURUSD/USDCHF => TRACKERn
GBPUSD/GBPJPY => TRACKERp
Can I use TRACKERn or TRACKERp more on another pair
For example I use
EURUSD/USDCHF => TRACKERn
GBPUSD/GBPJPY => TRACKERp
Can I use TRACKERn or TRACKERp more on another pair
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david bofill
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