Correlation trading - no charts required

[mtandk0614]

Hello fellow traders.

I have been away from Forex for awhile and am just getting back into it. After thinking about it for a month or so, this was the "system" that I had the most fun with and the most laid back trading that actually made me some money.

I see this thread has died, so I am gona do a little CPR on it and get it going again. So.........lets get started.

Open E/U @ 1.4655
Open U/C @ 1.0310

Happy Hunting

[mtandk0614]

Woke up this morning
E/U was + 181 pips
U/C was - 124 pips
Closed both positions

Opened E/U @ 1.4839
Opened U/C @ 1.0189

Day 1 = +57 pips

[xtraction]

Is this the correlation email that just about everyone has received?

[mtandk0614]

I havent recieved one...so I am not sure what it is....

I did this system over a year ago, and kept doing it on and off for awhile. I have just decided to start doing it again now that I am back into forex and will post my results.

[TalonD]

Originally Posted by mtandk0614

I havent recieved one...so I am not sure what it is....

I did this system over a year ago, and kept doing it on and off for awhile. I have just decided to start doing it again now that I am back into forex and will post my results.

Looks interesting

[Hbee]

I remember reading this correlation thing some months ago. I did some searching again and I found that "Big Pippin" (somehow goes by another name on another forum but when you check the codes, it says property of "Big Pippin") did an ea on this.... said he was new at programming in that thread. I dunno what happened to it( how profitable it is) since there is no more continued threads or any ea manual to show how the ea actually work.

Google it and you will probably find it.
And I hope Big Pippin in this forum is actually him and if he is, he could shed some light onto this.

[mtandk0614]

Woke up this morning, checked my trades.

E/U is + 45 pips
U/C is - 34 pips

I am going to leave both positions open

and see if we get a breakout of either currency, I could close for +11 pips today, but I prefer to wait for at least a 30 + pip spread before I close my positions.....lets see what the day provides

[cas]

Originally Posted by mtandk0614

Open E/U @ 1.4655
Open U/C @ 1.0310

Originally Posted by mtandk0614

Woke up this morning
E/U was + 181 pips
U/C was - 124 pips
Closed both positions

Did you buy or sell E/U & U/C...?

Therefore Nett is +300 in the bank -200 closed = +100.
Hope that helps a bit.

It does not help one little bit if you only disclose pip results per trade and pair traded respectively.

You are keeping PA opaque by not disclosing entry, exit points and the direction of your orders aka Buy/Sell.

[TalonD]

If I am getting it right and from the first post which simply says do a long trade, seems like short trades are not done? However I think the concept is simply to trade the same direction on both pair. Since they move in opposite directions you are basically doing a hedge, where a buy on one cancels out a buy on the other. so a sell on both at the same time would be just as valid.

Also it seems PA is irrelevant since they cancel each other out. You just enter wherever price happens to be.

So you are getting your profit as long as price bounces up and down in a range.

The trouble with this is when it takes off on an extended trend.

I think in one of the past posts it was suggested to take a look at long time history of these pairs to see how far they go in trends and size your lots so that you can handle the eventual trend when it comes, without getting margined out?

Well that's the basic concept as I read it. Am I right or wrong?

[cas]

Originally Posted by TalonD

Also it seems PA is irrelevant since they cancel each other out.

Really...?

Well...I recommend a look @ this....

Currency Heat Map
Currency Heat Map - Forex Trading, Currency Forecast, FX Trading Signal, Forex Training Course, Education, Tutorial, FX Book, Forex ebook, Learn to Trade Forex, FX Guide, Pivot Points, Currency Rates, Forex Secret, Forex Brokers, Currency Trading Sys

Forex Top Movers
Forex Top Movers - Forex Trading, Currency Forecast, FX Trading Signal, Forex Training Course, Education, Tutorial, FX Book, Forex ebook, Learn to Trade Forex, FX Guide, Pivot Points, Currency Rates, Forex Secret, Forex Brokers, Currency Trading Syst

And after that I would overlay the charts...let's start with EURUSD & USDCAD pairs.