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Simple Correlation Indicator System

  • #241
  • Jun 28, 2016 1:37pm Jun 28, 2016 1:37pm
Quoting kirkleaforex
{quote} Hi again ygr, I was not at my computer when I took those trades yesterday...I got a signal to my phone and entered remotely. Going back and finding when these trades were and then organising screenshots and everything is a bit beyond me right now as I am too busy prepping my house to sell before I move overseas. Regarding your suggestion, I think it is a great idea, and covers an area of logic that had totally escaped me! I like the "magnitude" idea...so perhaps the logic would be to calculate the change in separation between the closing...

Hello,
I have seen that for this strategy there are several ways to approach it: With Correlb + QQE, Correlb + Correlb, hoping that each line crossing Correlb 0 in the opposite direction, the distance between the two lines is equal to or greater than 52, ...
The truth is that there are several ways to approach it and have a few doubts. which is not the right strategy.

I see you've used several different strategies or variations of the principal. When you use each ??
What SL use ??? I see that in some cases you used when the distance is less than 52 Correlb, and others use a line Correlb crossing the line "0". In other cases the crossing is used in the opposite direction of QQE.
I'm a little confused with so many variants. What works for you you ???

Thanks for everything.

a greeting
  • #242
  • Jun 28, 2016 3:41pm Jun 28, 2016 3:41pm
Quoting Kubiasty
{quote} Ok distance 52 but on which time frame ? On Correlli indicator H4 M5 H1 m15 ?? {image}
Distance 52 is a measure of volatility on each TF regardless, so ideally you are looking for 52 or more on each TF to ensure there is a decent amount of strength behind the move on each TF.
Trade to Live - Don't Live to Trade
  • #243
  • Jun 28, 2016 3:44pm Jun 28, 2016 3:44pm
Quoting Ygr
Yes, K. That sounds about right. Current difference minus last bar closing difference. Any clue as to when your suite will be released?
No clue as yet ygr...I have been skyping daily but currently he is not available to speak to. I will keep tryimg. Otherwise i may need to find someone else and start over. Quite frustrating for me at the moment! I paid for a service to be done within a certain time frame and we are well past that now. Will keep you all posted though.
Trade to Live - Don't Live to Trade
  • #244
  • Edited 4:44pm Jun 28, 2016 3:57pm | Edited 4:44pm
Quoting SergioFX78
{quote} Hello, I have seen that for this strategy there are several ways to approach it: With Correlb + QQE, Correlb + Correlb, hoping that each line crossing Correlb 0 in the opposite direction, the distance between the two lines is equal to or greater than 52, ... The truth is that there are several ways to approach it and have a few doubts. which is not the right strategy. I see you've used several different strategies or variations of the principal. When you use each ?? What SL use ??? I see that in some cases you used when the distance is less...
Hi Sergio thanks for your interest in the thread. You are right there are many ways to employ the Correl8 indicator. It works fine on its own, it marries in well with the QQE. It works well on a single TF or with multiple. The overall principle of a 0 line cross and separation value of 52 ir more remains constant for the TF you are entering the trade from. All other factors are food for thought and for testing. The thread here is purely for trying out ideas and seeing what works for peopke. If you like the SSS strategy then stick to it. If you prefer sticking to a single TF then try that out. But only you can decide how this will work for you. I am slowly but surely working toward a system which should work for everyone but these things take time and a lot of testing. I need to be open to new ideas from people like yourself so please decide which ideas you wish to trial and help me test them if you have the time.
EDIT : Forgot to answer your question re: Stop Loss. I generally look at placing SL a little beyond the recent swing point on the trade entry TF...or use the closest pivot point etc. But everybody has their own SL procedure so i don't want to assert that one way is better than another. What I will say though is that because an entry after a "52" separation on the Correl8, SL can be made tighter as the volatility more likely suggests a continuation of the move rather than a retracement. Hope this helps you.
Trade to Live - Don't Live to Trade
  • #245
  • Jun 28, 2016 11:04pm Jun 28, 2016 11:04pm
There's a great opportunity developing on EURUSD.

Post-Brexit recovery for currencies involving GBP and EUR has seen a great example of a bear pennant forming on the H4 chart.

Typically, price will break out to the downside after such a move is complete.

See screenshot - pennant on H4, backed up by a slowly trending upward price channel on the H1, and nothing but meandering indecision on the M15.

Seeking entry on a breakout to the downside off the M15 with volatility. H4 and H1 Correl8 indi's are already peaking with post-Brexit bearish sentiment, although there may well be a quick upward move prior to the down trend starting.

Opening a pending Sell Stop order at 1.0995, just below the current S1 Pivot Point. Target at Weekly S1 1.0873; SL a tad above Daily Pivot.

If trade is entered I will monitor as price approaches all time low from a few days ago and close if it looks to bounce.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 140 KB
Trade to Live - Don't Live to Trade
  • #246
  • Jun 29, 2016 12:29am Jun 29, 2016 12:29am
I noticed this indicator repaints after some hours too... anyone noticed that?
  • #247
  • Jun 29, 2016 1:00am Jun 29, 2016 1:00am
Quoting Kubiasty
I noticed this indicator repaints after some hours too... anyone noticed that?
If you mean the QQE then yes i have noticed that too, on smaller TFs. But as you need to wait until the close of a candle before you take a signal, and because i only use it to back up signals i already have from the Correl8, it's somethinng that doesn't concern me.The Correl8 is the main source of info for my trade decision, the QQE is a great indicator for confluence and for showing trend continuation when the Correl8 is showing signs of a move ending. But each to their own. Just use the Correl8 if you don't like the other. It's great on its own merits!
Trade to Live - Don't Live to Trade
  • #248
  • Jun 29, 2016 7:47am Jun 29, 2016 7:47am
Keeping a close watch on GBPUSD, hovering around Daily R1 level and now a quick spike above...Is this accumulation before the next big sell-off? Or is the start of a new rally in search of the next major resistance level?

Waiting on the end of this H4 candle and if we see a sustained break above where we are now, I will buy into EURUSD upward move, but if we see a return of the GBPUSD below Daily R1, I am looking to sell EURUSD.

Waiting on confluent signals on H4, H1 and M15 Correl8 indi with high volatility before entering either way.
Trade to Live - Don't Live to Trade
  • #249
  • Jun 30, 2016 3:11am Jun 30, 2016 3:11am
small update in my trading

I'm finding QQE to be the best indicator (sofar). Experimenting now with 10 SF for 5min (89ema) and standard 5 SF for 15m+ (89ema) as i noticed the qqe signal crosses quite often during smaller pullbacks. QQE alone can give 50+ pips easily on more volatile pairs (GU) on daily basis. Combined with another famous non-lagging indicator (BollingerB), you can predict when the price is about to stall for some time only to continue in its direction (or change course).

Multitimeframe analysis is necessary. Correl is nice but produces a lot of fake cross signals compared to qqe so i prefer qqe for entries supported by higher TF correl.

The QQE indi posted here is quite resource-hungry (cpuwise). I'll try to look for another one.
  • #250
  • Jun 30, 2016 10:17am Jun 30, 2016 10:17am
Hello ,

I'm trying to Correlb strategy in 2TF different + QQE histo EMA, H4 and TP 50 pips, most operations winners.
I added a volatility indicator (BBBT), now I do not have much time. When you can hang some historical operation.

By the way kirkleaforex, you've been very good profitability, Could you add screenshots of your operations history ???

I think it's more important to know when to leave, that the entry point.

A greeting.
  • #251
  • Jul 1, 2016 9:47am Jul 1, 2016 9:47am
Hi K. Thinking about it again, really think that magnitude idea is really onto something. Please get your program on the move!!! 😁😁😁
  • #252
  • Jul 1, 2016 8:17pm Jul 1, 2016 8:17pm
Quoting TooSlow
{quote} {image} Uncertainty is the only thing that is certain in the market. What started as simple entry method, line crossing 0 level or one currency line crossing another, has grown into a monster. What caused this to happen? Did the original fail method to produce profits? Did a rough patch cause you doubt? Did you trade too many pairs? There are many more questions but those should suffice.
Dear TooSlow
I wonder if youcan share your indicator from the picture
you posted-15 CORREL8B-.
If it is a personal indicator and you can not share it,
I will understand.
Anyway , thank you very much for your time
All the best

Dan
  • #253
  • Jul 2, 2016 7:14am Jul 2, 2016 7:14am
Quoting dansmol
{quote} Dear TooSlow I wonder if youcan share your indicator from the picture you posted-15 CORREL8B-. If it is a personal indicator and you can not share it, I will understand. Anyway , thank you very much for your time All the best Dan
Morning,

If you do not want, for whatever reason, to share the indicator - it's understood, it may be proprietary, ect. Could you at least reveal one aspect of it - the iPRIP value? (There are readily available iCorel indicators out there). I understand from your comments that the trade trigger for you is the currency line crossing above/below the zero line, so what I have in mind is a) compare the available iCorels' performance with the screenshots you posted a few days ago, and b) watch the performance of the available iCorels in real time based on the value (20?) that you'll hopefully reveal.

Thank you.
  • #254
  • Jul 4, 2016 8:44am Jul 4, 2016 8:44am
Hello Kirkleaforex

How are you doing with your system?
Did you developed further your indicators and strategy?

Regards
Merka
  • #255
  • Jul 4, 2016 10:08am Jul 4, 2016 10:08am
Hi,

very interesting work

could you please recap the main strategy on h1/h4 timeframes? I read the pdf but it is more focused on lower timeframes

thanks

eric
  • #256
  • Jul 4, 2016 9:29pm Jul 4, 2016 9:29pm
Quoting kirkleaforex
Hey 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...
did you try to automate that?
  • #257
  • Jul 4, 2016 9:47pm Jul 4, 2016 9:47pm
Quoting dansmol
{quote} Dear TooSlow I wonder if youcan share your indicator from the picture you posted-15 CORREL8B-. If it is a personal indicator and you can not share it, I will understand. Anyway , thank you very much for your time All the best Dan
The code is not mine to share. The coder does not want his code posted. You can goggle correl8b and find it.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #258
  • Jul 4, 2016 9:52pm Jul 4, 2016 9:52pm
Quoting MidnightRun
{quote} Morning, If you do not want, for whatever reason, to share the indicator - it's understood, it may be proprietary, ect. Could you at least reveal one aspect of it - the iPRIP value? (There are readily available iCorel indicators out there). I understand from your comments that the trade trigger for you is the currency line crossing above/below the zero line, so what I have in mind is a) compare the available iCorels' performance with the screenshots you posted a few days ago, and b) watch the performance of the available iCorels in real...
Indicator is used with the default values.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #259
  • Jul 5, 2016 12:58am Jul 5, 2016 12:58am
Quoting kirkleaforex
Hey 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...
@kirkleaforex Thank you so much for sharing this!
militarymonk
  • #260
  • Jul 5, 2016 10:34pm Jul 5, 2016 10:34pm
Hi. While we're waiting for K's developer (ehhem ) I thought to ask for the magnitude idea on https://www.kreslik.com/forums/theru...odified-t11849 because they did the modified indicator from a a few posts back but I am having trouble creating an account. Can someone post the following there for me?

"Here is an idea: A move in one bar to the next from 45/0 to 45/-5 is the same signal strength as a move in one bar from 20/0 to 30/-20 because at the end of the day in both cases the two lines are 50 apart. What would happen if you programmed a third line that showed the magnitude of the change (with alerts please)? In the second case the magnitude of the change is 30 while on the first case the change is only 5 so maybe the second case is a better signal?"
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