AltosTrader

My name is to the left :-) I used the Stoch Diff much as FF but used the version and tpl from here. On demo, I made good progress but when the Euro took off it was right on Xmas and being demo I could not be bothered continuing. Were I to have continued I would have hedged my way out of the DD but I never bothered to look at totals per pair. My conclusion was it was a reasonable method but since most trades were comparatively small the hedging would be a pain in the ass. I prefer a largely mechanical trade style which Eric may have got down but it was not sufficiently clear to me. Cheers, AltosT

Nope, I couldn't get it down to my satisfaction.

Interesting you should mention meditation. Being a rather eclectic student of mainly Buddhism and Taoism for many years I have found it very helpful to have a calm mindset. I do not try to be a robot however, prefering to feel and appreciate all emotions without letting them dominate or runaway with my mind/thinking. I find this brings greater clarity to whatever I am looking at. I must concede however that many people have that clarity without conscious cultivation of it. I am not one of them. I needed to cultivate it. Being a forex trader and a specialised design engineer I have found very difficult. As an engineer I worked (retired now) with absolutes, no room for error as peoples lives depended on my accuracy. Being a trader, I cannot have that accuracy and have to work with, often vague, possibilities and likelihoods. - Not easy to break the precision views developed over years. I think any approach that widens ones perspective in whatever you are involved in. be it trading or conflict resolution of others differing views is very beneficial to outcomes. However, too many people over complicate their trading and generally have less success than those with what appears as a simpler approach. Music also helps. Many will like different music styles but studies some years back suggested that baroque style music tended to entrain the brain into more calm and receptive states. I dunno if this helps anyone - just my idle thoughts when I saw the lead article. Feel free to ignore if you don't agree. :helloooo:

Hi Eric, Geez ! What a stretch for my addled brain. OK, I have this now I think. The attached was set with 12000 bars asked for but only available to about June of 2010, so is about 9000 in fact. Now reset to 4000 in the chart. I am a little surprised that I had to pull the "todays" price back from ~ 1.065 to 1.035 to get reasonable fit on the chart. The jpg is with chart fully zoomed out. I notice further left than the display that the Variance is offchart but am going to assume this is not very significant to the present display and correlation. Could you have a look at mine in relation to yours ? I confused myself in thinking I should setup the display using the price from 12,000 bars back so I was having trouble coming to grips with it. Now clear. I continue with the offchart line display as it clarifies the price action of the pairs at a glance but yes, you are probably right in that their display may not quantify the degree of decoupling and so assigning a pip value may not have value. I would like to get to their mean reversion however and that can likely be quantified. I will have a chat to my son who recently completed a Masters in Quantatative Mathematics biased to finance as it was his intention to become a Fund Manager. He has been, and continues to be, a gym instructor. I think he maybe prefers that as an occupation but time will tell. He may be able to do the math and I can maybe do something from there. I understand that Ninja Trader has a built in indicator for the spread of deviation but have not yet followed up on that. Trying to get this right first and then setup as I would expect to want it. Must get all the basics right first off. The FF forum has kinda degenerated into an effort to get an EA up to trade just a couple of pairs. The Luku_Ediff indicator is I think, worth having a good look at. Essentially you enter on the white dot and exit on the red. The guy has done a nice job and it will be interesting to monitor it once I am straight with the EJV. All the best, Altos.

Here is another slightly different indicator which gives an alert. Hedge and Correlation Strategy - Page 243 @ Forex Factory

Hi there Eric, Have been "out of it" for a few weeks. Major problems with several PC's, backups, re-installs etc etc etc. Discarded Win 7 for the moment because of poor email capability of Win Live Mail and have come back onto my XP machine for daily use as only an email client with Public Folders is useful to me. In that I have found Pegasus but have not spent time enough to be familiar with it. Soon maybe. For the moment XP and outlook Express are more useful / friendly. Happy New Year, Western and Eastern :-) Coming back to trading now and trying to establish my setup. I have gone through all the Stoch Diff Pairs and reset them at 75% and 2% and setup profiles for each pair so that if say, I get an alert from the stoch on one screen for AUDCAD/AUDUSD I can pull up the profile for the AUD pairs as per the attached jpg. The only thing I am missing now is a small EA or indicator which will constantly display the Diff in pips between the pairs on the screen where I have drawn them in at extreme right in this jpg. Before I chase up someone to create this little blighter I thought I would ask you if it is something of use to you and/or could you easily code ? I think, like the Stoch Diff. it wants an alert - just as a built in extra. Likely not used if one has pulled up the chart because of an alert from the stoch. The colours would though, ideally, want to follow the pair colour or it could become confusing. Is this something you can easily do ? I am sure someone at FF or Steve Hopwood can do it if you are not inclined. To me it is a full confirmation of an uncoupling, to view it in actual pips, on the pairs rather than via an indicator. Stochastic or Variance. Whatcha think ? Regards, Michael.

This may be worth your while looking at. Members rating of brokers. Big players, small players. stevehopwoodforex.com • View topic - Which criminal can we use?

Ah well, crashed and burned. A very interesting exercise and I learned quite a bit about the nature of the responses of the Stoch. Found some of my problem in trying to set up the JV. The platform I was using has the primary currency indices on it and It seems that was the major problem. The platform, over the weekend and holiday could not get the indices and was slowing nearly to a standstill at times whilst trying. I even disabled my anti virus and spyware programs, that gave a small improvement but since I deleted the indexes, no further trouble. Also moving this system over to FXPro as they have much better history than Windsor. I will get back to this properly when my wife goes back to work next week. Do you know of Craig Stoltz and FXAW ? Craig is a newly retired NASA scientist witha passion for auto trading FX. He has come up with a system entitled "Entropy" which looks like will be his real masterpiece. I was a charter member back in 2008. FXAW is a bunch of brightsparks and coders who are up another level from Steve Hopwood. If you have any interest, have a look now as shortly it may become commercial to non members. If by any chance you do join, mention my name and Steve Hopwood. Cheers, AltosT

Hi Eric - Phew ! 1 1/2 bottles of Pinot Grigio later I am trying to focus on the best approach to calibrating the JM. There are a few conceptual problems with this. For instance, The EU has seen some comparatively major swings as in chart post 1. If we choose to calibrate as in the "averaging" red trendline, this gives us a different view than if we chose to calibrate on the upper horizontal white line. An alternative would be to calibrate from about April 14 2010 where the two approaches intersect. I cannot clear either in my limited intellect. Aside from this, I wish you a very happy and prosperous 2012 CE. Do you like the Buddhist feeling of LOS ? Me ? I am an eclectic student of Buddhism, Hindu and Tao so am very comfortable in LOS. Anyway :- Have you seen my DD ? :-) Wow, 52% profit in about 20 days and now currently nearly 10k DD, Glad I have 500:1 :-) This was a bit of a mechanical exercise for me, just trade through it. No great intellect applied. Starting tomorrow, Jan 01, 2012. Didn't someone say the end of the world in 2012 ? More serious tomorrow. Attached also are a couple of utilities you may find of interest. The Overlay is the best I have seen, provides the price level on left of screen. It will display to the extent of history you are showing on screen. Nice. All self explanatory. The EA Resizer is excellent, no more scrolling back to see what you input - details at Steve Hopwoods if needed, activate on any chart and re-size EA input box by dragging edge - on any other or same chart, and the #sok is a nice display of majors correlation. They are all mq4 so you can get inside and modify to your hearts content. The final jpg is my current screen. I am struggling to understand the advantage of the JR here. I have tried calibrating it to the open of the previous week and I have tried back to April 15. 2010. but cannot get a satisfactory display. Maybe this is because there is insufficient volatility in those pairs but it is late now and I am heading to bed. Gotta get the beauty sleep. Will persevere tomorrow on more volatile pairs. Cheers, AltosT. #sok_v6-7_Correlation of Majors.mq4 InputResizerEA.mq4 -OverLayChartLINE.mq4

Merry Xmas to all - if you subscribe to that kinda thing. I am out of circulation for a few days at Jupiters Casino on the Australian Gold Coast. Nice place but I'd sooner be white water kayaking. This is a concession to my dear wife. Cheers. PS. My Robot will continue trading till weeks end. :-)

Hi Eric - It is not a patch as such. It is Pilot Edit Lite v5 and is available free at About PilotEdit. There is a fuller version for a small cost but lite does everything I need at present. Strips out the FXF and could replace that with any other suffix. There are some limitations but it handles this above with ease in seconds as it will run a major size batch and once you know how to drive it - which is not difficult. Hah, yes. I figured you might have put the EJV profiles together on an as needed basis. No problem, I will build a complete orderly set although I take your comment on most action being on just a few. Regards, AltosT

Hi Eric - Having a bit of trouble following the sequencing of your profiles so, in the interests of my own sense of orderliness and understanding etc. I am, over the holiday break (for others) going to build a new platform with just one Profile for 5 min Hybrid, one for 60 min Hybrid and same for EJV. I haven't at this time come to an understanding of why you have the 2 MA on the charts but I figure in building all my own profiles I will better understand what you have done and why you have "Random" charts. I will rather lazily try to trade out of my current DD and just see what happens. The EC has skewed the market at the 5 minute level it seems and the effect is right across the board. I notice you have another forum on here so will have a decent look at that in due course. I also have quite a few indicators from Dreamliners forum and will examine how they relate to what you have here. Gotta get profitable to get free. :-)

Wow! Thanks Eric. My demo at MyFXBook you can see is quite heavy in DD despite it seems to show I have recovered. I am down about 2800 at present. Not quite sure how to handle this. On one hand I am inclined just to let it work itself out over time - especially because of time of year, on the other I can just continue to take signals as they come up but, I am still using the 5 min. Hybrid Stoch for this and am wondering if calibration has drifted. Yesterday I started setting up an EJV platform but other things got in my way so little progress. These re-tuned charts will be interesting to compare with Stoch indications. Great to hear you have experience in kayaking. I never tried wind surfing - or even normal surfing. Except for one occasion I tried a white water boat in the surf but I could not turn it on the face of a wave as I guess the edges , or chines, were too soft. I had two tonnes of force on my paddle (felt like it) and still could not get it to carve back. Oh - yes, I did try a surf kayak once, maybe 100 years ago. That was more like a sit in surf board with very hard edges and that could turn OK. So it is horses for courses. Regards, AltosT

Hah ! Half your luck mate. Island hopping. I spoke several times to an American who runs a kayak tour business in Phuket. At that time I was thinking of divorcing and moving to Thailand, buy a kayak and have a laid back life. Even if I didn't trade I could live a long time there but trading I think would eventually creep in. Have held off on divorcing, half changed my mind as my wife really is outstandingly great in so many ways. 25 years younger, Chinese and full of energy. Unlike most Asians she is quite sports minded and was a very good white water kayaker. We have not been active in that for a few years but I have just had shoulder surgery and depending how Gym goes may get back to it. What nationality or ethnicity are you ? I am a Scott, Moved to NZ for 30 years and now 31 years in Australia. I am curious about you spending much time in LOS. I watched Jasons presentation also - was a little tempted but figured the broker (criminal) is going to stop these short term grabs and whilst an OK idea the arb won't work. I used to trade the news profitably with some software from "Felix" at forexpeacearmy.com. Worked very well for a few weeks and then requotes and server busy and server hangs etc etc etc. Mediator currently has his EA working near successfully but with currently nearly 2000 trades placed this week for small gaines on a 100k account, I doubt any criminal would allow it on their platform. What is your leverage/margin requirement at Oanda ? I will only trade with 400 or 500:1 to cope with DD and keep the margin small. I should never, ever, get a margin call. Currently I am sitting at about + 25 % on starting Balance and DD is slowly creeping down, only at ~18% now and margin DD only ~9% I could have popped a direct hedge in but was more interested to watch it work itself out without. Eur has caused the most DD of course. I was foolishly ? not watching the market when the bottom fell out of the EUR. Concentrating on the corr. concept. I see now I have to monitor and keep in the market conventionally and add the corr. approach over and above. It will likely make the most gains, mainly because of my time frame but I am looking at implementing an EOD strategy to overcome this drawback. ie. little follow thru on Asian time. The FXF suffix poses no problem for me so please don't do any extra work in that regard. I simply use a utility that searches through the files and strips or adds any characters I wish. This will work in batch mode so it takes about five seconds to accomplish. Actually DD has been down to 14 % whist typing this - will wander about for a while but is better than the 22 % I had last night. Love the correlation, very high odds of coming back and going into profit without touching it. I am still adding trades when they present and look OK and as you say, taking profits off. All a bit intuitive at present but working well, I think and, big room for improvement. This appears to me an easy proposition to code. I never learned MQL but was quite good in Basic in the early 80's when most did not know what a PC was. As a design engineer I quickly realised it was much easier to take the time and write software for my calculations than to do them manually all the time. Accuracy was guaranteed and time dropped from hours to seconds. I was going to learn Modula and C+ at one time but ran into business merger problems and never got back to it. Pity because I love the thrill of seeing something I have created do its work in a flash. Mathematics are fascinating. My 34 year old son has just finished a masters in a high maths discipline , the name of which I can't remember but is the eighth most difficult in the world, so I believe. It is applied to finance as he is looking at being a fund manager or similar. Sincere thanks for the extra templates, I will have a look and work through them. This should show you my progress : http://www.myfxbook.com/members/AltosT/manual-correlation/204260/RIa5dybluhyIxhJcOcB9 Hope you enjoyed your time at Laguna. Try kayaking :-) Regards Michael.

Hi Eric. Well I got my account balance up 20 % in 7 days trading but it seems my EA could not close fast enough overnight, to take me right out and I am sitting now with a 13% DD. I am quite happy about that because it will help the learning curve to now trade out of the loss, unless the market swings back on the DD pairs and does it for me. It appears to me to be the whole market has swung a bit because my EA account is in a similar situation. Are you perceiving a de-coupling in the market ? Is this typical ? The hybrid has predominately low values this morning - looks like a market imbalance at present but will wait and see. Fascinating stuff. AltosT

This may interest some who are tending to correlation - I don't know anything about it but will be attending myself - just to see. https://sharptrade.infusionsoft.com/go/fxarb-webreg/13953 Jason's going to break down arb trading in detail and show you how to do it. You're going to love this because arb trading is an easy to understand, push button simple way to pull pips out of the markets. Enjoy! The Mt4Stats & Mt4Spreads Team

Whew ! Had a heavy night last night with visitors from China. Carefully sampled about 10 different Scotch's so feeling a bit dreary today. I am actually being quite aggressive with lot sizing but I feel with at least 50% or more greater certainty of winning than being on a single pair trade that I can afford to be. On demo of course at the moment - just as well as I made a couple of bad order placements, but now have it all worked out on MT4. When I have the EJV all fully sussed out and established a demo track record I will take it live. If you looked at the EA at Steve Hopwoods, it is not running today. Mediator has got something wrong. Yes, am familiar with the FF indi's - have them all here on another platform but in light of your settings and discourse I am sticking with your settings. They are more intuitive I find but I could easily work the FF way. I have been meaning to check the "Pips difference indi but have not got to it. I really am very pleased and thankful for this Eric. This approach makes it much more viable to be trading than waiting for London at night. Best regards, Michael.

Actually Eric, this is very much what I have been looking for. My problem has always been that my day in Australia is the Asian session and it is so often lacking in follow through. I was begining to lean into pre-set breakout trading and probably will continue with that to some degree but what I have been able to do with the stoch. hybrid is select my trades around 0900 hrs AU EST and set a "Close all at Equity" EA which closes in my very early am whilst asleep. Maybe mid US session. I did at one time trade the first few hours of London but that meant begining my day around 1800 and that was very much against my preferences. For 50 years I have been FINISHING work at that time and it was just too un-natural to be STARTING at that time. I had no drive to persevere with that. This approach is perfect. Manually I open trades early in the day, add to them if they are further de-coupling, with prudence, and let the EA close them while I sleep. I have time in the day to geustimate the likely profit level and adjust it in the EA. I probably leave a little on the table but thus far have been reasonably accurate with my preset TP. If I can maintain around the 10% profit / week I double in only a couple of months and treble, as you well know, in about 3 months. Now all I have to do is ensure that taxation does not rob me of ANYTHING in order to keep the compounding up at maximum. I worked out at one time that, I think, it took about 10 years, paying tax on profits, to equal about 2 years without tax. For me, I have, legally, no tax payable if residing in Thailand. And I can bury that further by using a company structure to isolate me completely from earnings and profit. Nice !

Well Eric, although only one week of casual trading I hit 11.82 % profit trading from the 5 minute Stoc Hybrid. Compounding that into future trades I see how you can easily double or treble the account in a couple of months or so. I have not looked at conventional trading this week but note a few people saying it was quite erratic, Now to get into the EJV. This week has been kind of a re-orientation week to look at the markets a little differently. I scarcely traded the previous week, have just had shoulder surgery, maybe the result of having been a marathon and white water kayaker, and had a few headaches so really only traded this week just gone. I have also been running Mediators co-integration EA which is nearly there after several re-codings this week. Next week it should do well - I hope. One guy traded way over leveraged, he is supposed to be running 0.01 lots but :- ----- Friday a.m. Started an account yesterday $10,000 at 0.10 and left it running, wife managed to turn the platform off last night....! on loading up this morning the account stands at $14120 equity $16579 ... will leave it as is just to see where this is going to go. pm us EST Equity now $20049 dd $810 ---------- I'll let you know when this is stable or you can look at stevehopwoodforex.com • View topic - Co-Integration System I suspect I gave you that before. OK, off to get my head around calibrating the EJV. Oh, how are you going with your own EA. If that replicates manual trading it should be a super beast - and I'd love a copy. :-) If I can keep getting that profit I will likely be moving to somewhere North of Phuket. :-) Best regards, Michael.

HAH ! Maybe I should have asked "What pairs DON'T you trade"? That's good though, now I will know what is best to exclude. Many thanks. I guess you know there is another discussion going on at Steve Hopwoods forum. I understand there was some friction at FF, dunno about what, but Steve has opened up his own forum. In case you did not notice at FF, it is stevehopwoodforex.com • View topic - Co-Integration System Might interest you. Cheers.

Hi Eric, Have been discussing this at FF as you will know, that is where I got interested in the correlated approach. One fellow, MaxDoom, has made an EA which may be usefull and can be found at Hedge and Correlation Strategy - Page 230 @ Forex Factory . Oh ! Seems the url does not show correctly but the link is still valid - should take you straight there. I will be considering its use in addition to other approaches such as your own which appeals to me. There are also some other EA's in the thread but they only handle a single pairing. Max's EA handles 10 lots of ten trades so allows some building of positions. Of course you may have no interest but that is up to you. At least you know it is there. Regards, Altos. Oh yes, on another thought - Considering your more extended experience with this, would you mind pointing me toward the pairs that you do actually trade ? Thus giving me a bit of a head start in sorting out what I should be concentrating on and what will likely could be a waste of time. I appreciate I can resolve this myself in time but that little help would be very much appreciated. Thanks again.

Ho, this is a handfull. I note you have 90 pairs charted. I don't know if they are all viable for active trading - time will show, but what is clear is an EA is needed, to open would be good but particularly to close any pairs in profit. I have an EA that would do it but since one can only use 1 x EA / chart it would become messy. There is the Multi Purpose Trade Manager but I am not currently sufficiently familiar with it to know if wholly suitable. What are you currently doing to close ? I am just taking small positions from the stoch difference charts and have activated the currencies in the display to get a better feel - as a beginner. I will move to the EJB shortly. Do you have many open positions - ie say >15 or do you hold out for fewer but bigger and not require a closing EA ? Regards, Michael.

I will be spending the week watching this and trying to develop a feel for it. Cheers, Michael.

Hi Eric - Thanks for posting the further files. Unfortunately ""non FXF basics.zip (128 Bytes, 2 views)"" was a near empty zip as you can see from the 128 Bytes. It had lots of icons but no content in them. Could I ask you to check and re-post ? Thanks, Michael.

Ah yes, I should have learned to code in MQL. Bit past it now tho', retired and happy to be. I used the utility mentioned above to strip out the FXF and was able to load the profiles OK Wasn't sure what the "BEST" related to though but now I recall PGF used to use it too, maybe still do. Yes, I run FXPro, Alpari, Windsor and SIG, FXDD is usually installed but not running. With the exception of Alpari these are all GMT +3 which makes the first bar of the week start where it should and so no Sunday bars. I have loaded and checked all profiles and they seem OK. Just have to wait for the market to commence and see what happens. Interesting you are in BK. I would move to somewhere between Hua Hin and Surat Thani as I am a sea kayaker but my Chinese wife is very happy here and does not want to learn a third language. Thanks for the files, I'll load them also and see how we go. Regards, Michael.