Correlations

Dec 20, 2015 at 11:16
Przeglądane 635
5 Replies
Uczestnik z Nov 24, 2015   3 postów
Dec 20, 2015 at 11:16
I use Oanda on MT4 platform. Using EA'S I designed myself. I discovered and researched currency correlations using the excellent service provided by My FXBook and it is proving a safe way of covering a loss on large news breaks. Definitely worth a bit of research as my trading is getting better (been trading a year with many loses)now small regular gains.
Uczestnik z Sep 12, 2015   1948 postów
Dec 20, 2015 at 16:36
Hi David,correlations are an interesting topic,I trade the Eur/Usd and I watch the DAX correllation for swings.I only trade up to news events and 10 to 15 mins after.What do you trade?
"They mistook leverage with genius".
Uczestnik z Nov 24, 2015   3 postów
Dec 21, 2015 at 07:23
Hi Kieran
I monitor here every week(Sunday) and use their tools to select around Eur/usd and the GBP I then study the data using the day selection here https://www.myfxbook.com/forex-market/correlation

Hope this helps I try to use the opposite trades so similar to hedging so far Oanda do not mind me doing this
Dave
I trade H1 and 15 min for news breaks
Uczestnik z Sep 12, 2015   1948 postów
Dec 21, 2015 at 23:24
Must take a look at the link,I do correlation and portfolio selection in excel,keeps my brain busy while I'm trading.
"They mistook leverage with genius".
Uczestnik z Aug 17, 2021   94 postów
Oct 30, 2021 at 12:59
Currency correlations or forex correlations are a statistical measure of the extent that currency pairs​ are related in value and will move together. If two currency pairs go up at the same time, this represents a positive correlation, while if one appreciates and the other depreciates, this is a negative correlation.
Uczestnik z Jul 23, 2020   869 postów
Nov 06, 2021 at 14:57
Currency correlates them. Some currency strength may lead to other currency’s weakness.
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