fx madnexx explains low med high med etc 


Already in there.
I know the names are a bit wrong "low,medium,high" but it started out as ccfp period setting so see it as condition 1, condition 2 and condition 3.

"Low" (condition 1) is always on but in addition you can turn 2, 3 and the correlation to be added to the mix.
So ccfp condition 1 could be set to weekly FF and condition 2 to ccfp daily TT.
All other combinations are possible but 1 is always the leader. If a pair does not pass the 1 conditions it is over.

To explain correlation,
If you set "Use pair correlation for selection" in combination with "Max correlations allowed" ALL SELECTED pairs which pass L1,L2and L3 will be checked for correlation between them and if there are more negative correlations than "Max correlations allowed" BOTH PAIRS will be removed from the suggest list.
This is because the program can not decide on it's own which pair to keep and which pair to trade.
https://www.forexfactory.com/showthread.php?p=10059045#post10059045

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Yes, default 1 is the minimum in order not to disturb the basket to much.
If Xmess7 adapts his EA you will be better off to do this selection manual.
The indicator will display the correlating pairs and you can manual select to not trade a pair by clicking on the pairs line changing "Buy/Sell" to "Not" .

There is no automation in do or don't trade one of the correlated pairs, that is mostly up to the traders judgement.
External inputs(upcoming news fi) make you choose one of both. The indicator will just eliminate both.

Btw. it will disregard pairs only if you set "Use correlation for selection" to true.
If set to false it will just display the correlated pairs but NOT exclude them.

Do not forget this part of the correlation settings.
Really important to now how correlation works and to combine that (specific period/bars) with the ccfp or strength indicator you are trading.

https://www.forexfactory.com/showthread.php?p=10059614#post10059614





