I am +112 pips so far, but I closed many trades that should have been left running. I'm still demoing. I am using only high correlated pairs on short and long timeframes.

Hedge and Correlation Strategy

Here's a link that can be of interest for Tradestation users. I haven't tried the indicator yet as I'm not familiar enough with the software. Chamane

Hedge and Correlation Strategy

You can use the Pairclose EA given earlier and set it to a reasonable level.

Hedge and Correlation Strategy

Looks like a good choice. 330 period is roughly 7 days for 30min charts wich is the time gap I usually work with on my screen.

Hedge and Correlation Strategy

I just closed EURAUD/AUDUSD for +31 pips profit.

Hedge and Correlation Strategy

I just opened three trades CADJPY/AUDJPY, AUDUSD/NZDUSD and EURUSD/AUDUSD. I am already up +10 pips overall.

Hedge and Correlation Strategy

Thanks for the info. What time period do you use yourself?

Hedge and Correlation Strategy

Your work is very much appreciated. What would be the overlaying formula of the indicator?

Hedge and Correlation Strategy

No, I want to learn more on overlaying before going on a live account. In the mean time, I am trading the way described in the first post and it is working quite well I must say. Right now, I am +18pips on CADJPY/AUDJPY and waiting to get some pips ...

Hedge and Correlation Strategy

They might be the same, but wich one to choose? At what scale do you look your data to make sure you are correct? If I am right, MarketScope doesn't repaint the last data on the chart but adjust the rest of the curve according to the scale in use ...

Hedge and Correlation Strategy

I agree. Before entering a trade, I check the hourly and the daily correlation values at MATAF. Another good site for that is Oanda's Infocenter. For example, the EURUSD/NZDUSD combination has a high correlation value on a weekly, monthly, 3 months, ...

Hedge and Correlation Strategy

First pic is Dailyfx, secind is MarketScope and third is StaticOverlay MT4. Wich is the truth? I am starting to think that it might not be that important wich pair is on top of the other. Since the correlation should be high, that ties ...

Hedge and Correlation Strategy

Dreamliner said he has never lost a trade. The secret is probably to be patient. Wait for a gap to become wide enough before entering and wait for prices to gather even if there is a drawdown. If the correlation is right, there is good chance to get ...

Hedge and Correlation Strategy

What pairs were you trading? Thanks.

Hedge and Correlation Strategy

Yes. When you get the TradeStation software running, just open a chart and that will get MarketScope opened. Once on your chart, right click "Chart Elements" and "Price Overlay".

Hedge and Correlation Strategy

Yes

Hedge and Correlation Strategy

Exactly. I would personally wait for the values to become all positive.

Hedge and Correlation Strategy

I would be careful with that combination. Usually, they are correlated positively, but not for their most recent history. image

Hedge and Correlation Strategy

MarketScope is the chart utility of the Tradestation platform. You will have to download it and start with a demo account. It's free.

Hedge and Correlation Strategy

Another good combination to trade is AUDUSD/NZDUSD. The correlation values are +0.96 for 30min chart (100points), +0.95 (30min - 2000 points) and +0.99 for daily chart (200 points).

Hedge and Correlation Strategy