Forex Zone | Forex Forum

Correlation strategies

Discussion started on Trading Systems

  • Correlation strategies in Trading Systems_index
  • Posts: 1221
  • Points: 2006
  • Likes Received: 544
  • Reputation: +15/-3
Correlation strategies in Trading Systems_xx
I opened another set of trades using the same rules as before.
good strategy, using Sell stop or buy stop, in the sense of trading by setting a trap, how many TP and SL do you set?
#31 - January 28, 2020, 12:08:30 PM

  • Correlation strategies in Trading Systems_index
  • Posts: 1171
  • Points: 9729
  • Likes Received: 282
  • Reputation: +14/-5
Correlation strategies in Trading Systems_xx
good strategy, using Sell stop or buy stop, in the sense of trading by setting a trap, how many TP and SL do you set?
50 sl 100 tp
#32 - January 28, 2020, 12:29:30 PM

  • Correlation strategies in Trading Systems_index
  • Posts: 1221
  • Points: 2006
  • Likes Received: 544
  • Reputation: +15/-3
Correlation strategies in Trading Systems_xx
50 sl 100 tp
with Lot 0.05 with a capital of 500 $ does not drain margins? if I may know how much leverage are you using?
#33 - January 28, 2020, 12:31:24 PM

  • Correlation strategies in Trading Systems_index
  • Posts: 1171
  • Points: 9729
  • Likes Received: 282
  • Reputation: +14/-5
Correlation strategies in Trading Systems_xx
with Lot 0.05 with a capital of 500 $ does not drain margins? if I may know how much leverage are you using?
1:500 on Paxforex
#34 - January 28, 2020, 12:33:09 PM

  • Correlation strategies in Trading Systems_index
  • Posts: 1171
  • Points: 9729
  • Likes Received: 282
  • Reputation: +14/-5
Correlation strategies in Trading Systems_clip
I closed the previous set with 0 profit and placed a new set based on the daily candles.
#35 - January 29, 2020, 10:53:27 AM
Attachments:

  • Correlation strategies in Trading Systems_index
  • Posts: 1171
  • Points: 9729
  • Likes Received: 282
  • Reputation: +14/-5
Correlation strategies in Trading Systems_clip
The GBPUSD trade was triggered but price reversed and hit the SL.
#36 - January 30, 2020, 12:58:43 PM
Attachments:

  • Correlation strategies in Trading Systems_index
  • Posts: 1171
  • Points: 9729
  • Likes Received: 282
  • Reputation: +14/-5
Correlation strategies in Trading Systems_clip
Now I opened sell stop trades on GBPUSD, EURUSD, and EURGBP. I put the pending orders under the support levels on the daily timeframes. Since these pairs are correlated I'm hoping at least one of these will have a major move down and I can capture profit.
#37 - January 30, 2020, 01:21:07 PM
Attachments:

  • Correlation strategies in Trading Systems_index
  • Posts: 1171
  • Points: 9729
  • Likes Received: 282
  • Reputation: +14/-5
Correlation strategies in Trading Systems_clip
The previous pending orders were never triggered so I deleted them. I opened a basket of correlated pairs. I'll close them out manually when profit is reached. Let's see how it does.
#38 - February 03, 2020, 09:39:08 AM
Attachments:
« Last Edit: February 03, 2020, 09:48:03 AM by Resh1969 »

  • Correlation strategies in Trading Systems_index
  • Posts: 1171
  • Points: 9729
  • Likes Received: 282
  • Reputation: +14/-5
Correlation strategies in Trading Systems_clip
I closed that set out for quick and easy profit.
#39 - February 03, 2020, 11:22:47 AM
Attachments:

  • Correlation strategies in Trading Systems_index
  • Posts: 1171
  • Points: 9729
  • Likes Received: 282
  • Reputation: +14/-5
Correlation strategies in Trading Systems_clip
I opened another set with bigger lot sizes. Let's see how it goes.
#40 - February 03, 2020, 11:25:42 AM
Attachments:

  • Correlation strategies in Trading Systems_index
  • Posts: 1171
  • Points: 9729
  • Likes Received: 282
  • Reputation: +14/-5
Correlation strategies in Trading Systems_clip
I closed the last set out in profit and opened a new set.
#41 - February 03, 2020, 01:05:13 PM
Attachments:
« Last Edit: February 03, 2020, 01:07:33 PM by Resh1969 »

  • Correlation strategies in Trading Systems_index
  • Posts: 1171
  • Points: 9729
  • Likes Received: 282
  • Reputation: +14/-5
Correlation strategies in Trading Systems_clip
I closed the last set out in profit and opened a new set.
#42 - February 03, 2020, 04:04:17 PM
Attachments:
« Last Edit: February 03, 2020, 04:06:26 PM by Resh1969 »

  • Correlation strategies in Trading Systems_index
  • Posts: 1171
  • Points: 9729
  • Likes Received: 282
  • Reputation: +14/-5
Correlation strategies in Trading Systems_clip
I closed the last set in profit and opened a new set.
#43 - February 03, 2020, 04:45:02 PM
Attachments:
« Last Edit: February 03, 2020, 04:46:36 PM by Resh1969 »

  • Correlation strategies in Trading Systems_index
  • Posts: 1171
  • Points: 9729
  • Likes Received: 282
  • Reputation: +14/-5
Correlation strategies in Trading Systems_clip
Today I closed two of the trades out in profit. I doubled up on the remaining trades.
#44 - February 05, 2020, 07:57:07 PM
Attachments:

  • Correlation strategies in Trading Systems_index
  • Posts: 1171
  • Points: 9729
  • Likes Received: 282
  • Reputation: +14/-5
Correlation strategies in Trading Systems_clip
I closed the remaining trades I had open for a profit. I opened up a new set.
#45 - February 06, 2020, 10:41:28 AM
Attachments:
« Last Edit: February 06, 2020, 10:44:12 AM by Resh1969 »

Members:

0 Members and 1 Guest are viewing this topic.


* Share Topic

Share via delicious Share via digg Share via facebook Share via linkedin Share via pinterest Share via reddit Share via stumble Share via tumblr Share via twitter

* Similar Topics

xx
compile trading strategies

Started by Hisbul Maulana Fahmi on Forex Education

10 Replies
180 Views
Last post April 26, 2021, 07:40:27 PM
by Bestforex
xx
What strategies can be used on all time frames?

Started by instaforex on General Forex Discussion

49 Replies
561 Views
Last post May 10, 2021, 04:49:17 AM
by Mulyono
xx
Why Is It Hard for Traders to Understand The Trading Strategies That Are Being

Started by alvino1 on General Forex Discussion

15 Replies
232 Views
Last post May 10, 2021, 07:07:25 AM
by joshgandosh
xx
Currency Correlation in Forex Trading

Started by zanurreload on Forex Education

118 Replies
1895 Views
Last post September 17, 2020, 02:08:09 AM
by Aryox