How about AUDUSD ?
Risky because on Daily ressistance?
EDIT:
Risky because on Daily ressistance?
EDIT:
Keep it simple - Correlation Trading System 14 replies
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
MT4 MTF Correlation table and Correlation oscillator indicators 155 replies
Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies
EA for very simple correlation indicator 0 replies
Disliked{quote} STEP 4: EXIT STRATEGY - stay in the trade until you notice the lines starting to converge. At the close of each candle, recalculate the values and check whether the new combined value is falling under 52. At the close of the first candle that shows a combined value < 52, exit the trade. But on M15 or H1 ??Ignored
DislikedHow about AUDUSD ? Risky because on Daily ressistance? {image} {image} {image} EDIT: {image}Ignored
Disliked{quote} First, thank you for the indicator, method and all your posts and clarifications. Need to double check this: we calculate the separation strength (i.e. > or < 52) ONLY in the indicator for the current time-frame, right? The separation in the next higher TF should be visually apparent, but does not need to meet the 52 requirement. Is this correct? Thanks again!Ignored
DislikedHey guys, Have been using this correl8 indi on XAUUSD using multiple TF with some success, but just wondering if somebody knows how to add a crossover alert to it, preferably including email and PUSH notifications. Just can't justify stare at the screen waiting for a signal to happen! Any and all help greatly appreciated! See attached screenshot for example of how powerful this can be. Notes on System as it relates to screenshot 1) correl8 indi shows USD strength rising above 0 line 2) correl8 indi shows XAU strength dipping below 0 line 3) Sell...Ignored
Disliked{quote} Why you need to trade with all these indicators. Just trade the price action!Ignored
DislikedHello Kirkleaforex, What do you think about using the !Correl8 indicator with a Daily chart only?Ignored
DislikedThank you Kirkleaforex for a great indicator and system. I've been looking back at charts and the system seems simple and profitable. Though, I have a problem. The indicator is not working on XAU/USD... Look at my screenshot below. Can you help me? {image}Ignored
DislikedHi Kirkleaforex, thanks for the detailed answer. It makes a lot of sense.Ignored
DislikedLOSS of 10 pips on AUDUSD. Not all trades go our way, and using this system is no exception. Price is price, and the markets are always right. No indicator in the world can give us a magic bullet to ensure every trade goes our way. See screenshot - AUDUSD broke through resistance and immediately returned to this same level and found new support. We wait for another signal and we get it...Long entry taken. But then price stalls and ends up crossing back again. Our rules are to exit the trade once the main chart TF correl8 combined values drop below...Ignored
Your indicator MT4 relies relies on which calculation and which one you have found reliable for profit in gold trading?
Disliked{quote} Hi Kirkleaforex, If you advise what is the basis of calcualtion then we can think of using this indicator for trading: MT5 indicator coded by PipPod says the indicator plots the correlation between eight currencies calculated from twelve symbols with one of the following indicators: Moving Average Moving Average Convergence/Divergence Stochastic Oscillator Relative Strength Index Commodity Channel Index Relative Vigour Index DeMarker Oscillator Momentum Index Triple Exponential Index Your indicator MT4 relies relies on which calculation...Ignored