Ok, so i understand that your main asumption is that they will cross or at least touch again. I am using a different method and trade on relative movements. How long is your average holding period? I trade the daily charts and on average have open position between 1 and seven days
Hey evad150. Ok I had the same problem for a while now. few options you have are to either download a overlay indicator
or a corellation indicator like mt4correlation from greattradingsystems.com. but these indicators autocorrect themselfs
and screw up your charts if your doing what i am doing. the best way
to do what I am doing is to change the opacity of the windows themselves and open two versions of mt4 and make one
window almost see throught and the other normal so it looks like they are the same chart. this way there is no auto correction and you see the real correaltion. download and lookup vitrite
thx for your quick reply-
i have a couple of mt4 demo accounts but done a quick search on there rubbish help search but to now avail! So how do u make one of the mt4's more opaque than the other. Can u do it for just 2 or 3 charts or is it applied to the whole of 1 mt4.
Hi Christinaa, EUR/USD AND GBP/USD because the spread is easy to beat with a small amount of deviation
from when they are perfectly correlated. More trading oppertunities. and it does not matter what session.
Hey evad150 you have to get a program like vitrite to make the windows opaque. and it is applied to the whole mt4 so you need to open multiple mt4 windows ( maybe from two different brokers if you have to) I have an mt4 from fbs.com and oanda.com open at the same time and then make sure the settings are the exact same on both so there is nothing making one chart look different than the other and having it throw off the correlation.
update: downloaded vitrite ok & set it up ok
I know u have said it a couple of times in past threads but may i stress it again especially 4 us newbies eh :
that both charts must be zoomed out 2 make sure they overlay correctly.
keep posting and up dating screen shots of actual trades