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Thread: New correlation system

  1. #1
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    Default New correlation system

    Hi all
    I'm trying to build a correlation system EURUSD-USDCHF.
    For that, I need the delta of the CorrelationIndicator ie the difference between the springgreen line and magenta line.
    My idea is following: if the delta is the same on different TF ( 1H , 30 M and 15 M) , buy EU and sell UC and vice versa.
    But first time I'd like to see if the delta is reliable.
    funyoo please could you calculate the delta from this indy ?
    and maybe a EA ....
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    Last edited by madscalp; 07-21-2010 at 10:39.

  2. #2
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    Good signal at 9:15 AM today
    SELL EU 1.28950 BUY UC 1.05132
    Now EU 1.28000 UC 1.05082
    Result : 95 pips - 5 pips = 90 pips

    We can consider a positive delta (PD) if EU>UC and a negative (ND) if UC>EU.
    So we wait for firstly a PD on 1 H then on M30 and finally on M15: when there are the 3 PD ---> BUY EU and SELL UC
    And vice versa.
    To take profit, we need an account profit ( 2, 3 or 5 % ) depending the MM.
    An account protect is necessary if the prices are going against us.
    Attached Images Attached Images New  correlation system-sample-jpg 
    Last edited by madscalp; 07-21-2010 at 14:06.

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