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Vincent Paul Colombe  
Which is the best indicator you recommend to pair with Pair Trading Station to increase signals reliability?
Young Ho Seo  
fiscelan #:
Which is the best indicator you recommend to pair with Pair Trading Station to increase signals reliability?

Hi.

Since pairs traidng station is based on mean reversion trading process, hence, you can use it together with any trading strategy that based on mean reversion trading process.

One example of mean reversion based trading strategy is harmonic pattern trading.

In addition, many japanese candlestick patterns are also predicitng the reversal point.

But you can think of many i guess.

Young Ho Seo  

Similar to Harmonic Pattern, you can also use X3 Chart Pattern Scanner.

If you prefer non repainting indicator, then use X3 Chart Pattern Scanner over the Harmonic Pattern Plus indicator.


You can also trade Elliott Wave Trend as reversal trading too.


However, Elliott Wave trading, you need some knolwedge of Elliott Wave Theory.

Young Ho Seo  

If you are using the old version of Pair Trading Station, then make sure to update to the latest version 7.2 of Pair Trading Station

Use the latest version for the best performance.

Pairs Trading Station is a great tool to trade with correlation and spread in Forex and Stock marekt. 

It is very unique tool which you can get insight about the entire market. 

Hien Nguyen  
Good day Young Ho Seo,
I am learning Pair Trading right now and found your indicator (program). Do you have any instruction on using your indicator for pair trading ?
Hien Nguyen  

Thank you so much !
I looking at the pairs USDCAD and USDNOK right now. The mult for USDCAD is 1.000 and the mult for USDNOK is 7.87. Does it mean If i buy 1 lot USDCAD, I will sell 7.87 lot USDNOK ? 
And I downloaded the pair trading spread analyzer, but when I hit start it says that " Application updating with new data" and it has been like that for 10 minutes. Do I need to wait more or is there anything wrong ? 

Young Ho Seo  
Hien Nguyen #:

Thank you so much !
I looking at the pairs USDCAD and USDNOK right now. The mult for USDCAD is 1.000 and the mult for USDNOK is 7.87. Does it mean If i buy 1 lot USDCAD, I will sell 7.87 lot USDNOK ? 
And I downloaded the pair trading spread analyzer, but when I hit start it says that " Application updating with new data" and it has been like that for 10 minutes. Do I need to wait more or is there anything wrong ? 

To use Pair trading spread analyzer, you need to run the pairs trading station first. 

Pair trading spread anlalyzer won't work without pairs trading station. 

For Lot multipier, it seem right. 

It is just based on the tick value of each symbols. 

So check the tick value, then you will understand the logic. 

Hien Nguyen  
Young Ho Seo #:

To use Pair trading spread analyzer, you need to run the pairs trading station first. 

Pair trading spread anlalyzer won't work without pairs trading station. 

For Lot multipier, it seem right. 

It is just based on the tick value of each symbols. 

So check the tick value, then you will understand the logic. 

Thank you so much for taking time answering my questions. 

1/ My historical data has 65,000 length. Do you think I should increase the "bars to scan" to higher amount like 10,000 or 20,000 ? or Should i keep it at 8000 ? 
2/ I am still have problem with the spread analyzer. I turned on the mt4 - attached the trading station - pressed analyze pair - then I opened Spread Analyzer - Pressed start. Am I doing it correctly ? 

Dateien:
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Hien Nguyen  
Hien Nguyen #:

Thank you so much for taking time answering my questions. 

1/ My historical data has 65,000 length. Do you think I should increase the "bars to scan" to higher amount like 10,000 or 20,000 ? or Should i keep it at 8000 ? 
2/ I am still have problem with the spread analyzer. I turned on the mt4 - attached the trading station - pressed analyze pair - then I opened Spread Analyzer - Pressed start. Am I doing it correctly ? 

Sorry , I've just figured out how to use spread analyzer. I needed to click on the tabs ^_^

Hien Nguyen  
Hien Nguyen #:

Sorry , I've just figured out how to use spread analyzer. I needed to click on the tabs ^_^

I've do 40,000 "bars to scan" and the strongest signal I got is medium strength with abs value around 3.3-3.5 . Do you think it's good way to use the station ? 

Young Ho Seo  
Hien Nguyen #:

I've do 40,000 "bars to scan" and the strongest signal I got is medium strength with abs value around 3.3-3.5 . Do you think it's good way to use the station ? 

Please check our trading education to understand pairs trading in details.


Plus also look for the book.

Science of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading)
losapiog1  

Stay away from this tool. In MetaTrader, it is unreadable and on the dashboard, it clearly gives different signals compared to those on MetaTrader. my 2 pence
Young Ho Seo  
losapiog1 #:

Stay away from this tool. In MetaTrader, it is unreadable and on the dashboard, it clearly gives different signals compared to those on MetaTrader. my 2 pence
I requested the screenshot of the problem for many days ago, but you did not share the screen shot before.

You decided to give negative review without even attempting to have the proper communication with seller, myself.

 This is one good example that Communication is why so important.

You shown the screenshot. Now thing is simple. You are using Dutch or german windows where numbering convention is different from rest of the world. 

This is very rare case indeed. But using windows with standard numbering convention will fix the problem.

Just check the numbers they are 1000 times bigger.

Fortunately i do not mind this kind weired guy's comment or negative review because I already made good money with my own indicators in mql5.com. :)

But unfortunate for the guy who lacks communication skills, but the game will never change for them unfortunately.


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