Correlation

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Use 2 non correlated currencies.

Buy one and sell the other - only if last bar for the time frame you are viewing went in opposite directions.

Exit at end of bar if both did not disagree with the direction.

Or just trade for the one bar.

 

And what is the result of this?

 

Beter idea is trading two correlated paires,

as EUR/USD and USD/CHF.

If USD/CHF move up, sell EUR/USD.

These paires are 90% in correlation.

 
netk:
Use 2 non correlated currencies.

Buy one and sell the other - only if last bar for the time frame you are viewing went in opposite directions.

Exit at end of bar if both did not disagree with the direction.

Or just trade for the one bar.

Please give examples of non correlated pairs and how you trade them.

 
aelimian:
Please give examples of non correlated pairs and how you trade them.

Have a look here

http://fxtrade.oanda.com/currencyCorrelations/heatmap.html

 

Very nice idea. Exsist an EA for this ?

 

I have an EA based on correlation...only .ex4 file.

Try!!

Files:
finexx_cor_eurmchfm.ex4  24 kb
 

collected some

i collected anything remotely in this area.

May help.

 

and ..

.......................................

 

Correlation:

- Complex trading system is here and here.

- MultiPairTrend indicators are here;

- Correlation indicators: very good thread with some systems, explanations and good usefull indicators.

- Chart Transposition Indicator: original thread.

- FINEXX Correlation System EA: the thread is here.

- Currency corelation: some theory and articles.

- can someone help me with correlation indicator: small elite section thread.

- trend corelation: discussion thread.

- Correlation Index: indicator.

- CORREL - Pearson's Correlation Coefficient: indicator for excel.

- complimentary pairs: the thread.

 

pair difference

pair difference

Files:
pairdifference_1.mq4  6 kb
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