World currencies index (clearly visible as the bubble burst) - page 4
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Schizokos on the forum.
Good luck, of course, if anything.1. trading a pOrtfolio is not easier than 1 pair, but much harder. One mistake and your pOrtfle's bottom will fall off.
2. If you don't pick pairs, and you put everything in a purse, it's not a purse, it's a bin or a hobo's bag.
3. Dealing with 8 indices is easier than dealing with 28 currency pairs.
4. Multiplying pairs by some ratios is a mistake. The trading volumes of a currency pair or the share of a currency in the total weight of all the world's paper has nothing to do with the exchange rate.
5. Good indices must be INDEPENDENT, I would even say ORTOHONAL, otherwise they will do more harm than good.
6. All pairs are not needed to calculate indexes, the number of indexes-1 is enough. Arbitrage is a different subject and there are no fish there.
+6
The public especially likes to gloss over point 4.
I'm not implying anything. It's just that a briefcase is a container for a pile of quid, and what we're talking about here seems to me to be a portholder.
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5. Good indices should be INDEPENDENT, I would even say ORTOHONAL, otherwise they will do more harm than good.
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5. That's true. Only they don't care. Apparently they are harmful.
;)
Indicator.
beekeeper:
Based on historical prices (in the range of 0.6-3.6), I suggest that the developers of the indicator use USD\JPY, GBP\Jpy (and similar) quotes divided by 100.Отличная идея! сам замечал, пока одни валюты во флэте (ждут..) другие отрабатывают свои цели сильными движениями.
Version 1.1
Nikolai, have a look at this thread https://www.mql5.com/ru/forum/128338. It gives data on volumes and percentages by year. Take into account the shares of pairs in your formula and see how the lines of the old version and the new one are wound and post both figures here.
Version 1.2
The percentages are for 2010, some are taken approximately.
Pavel, thank you for your work. You can see right away that the curves are completely different at this scale, and if you switch to a smaller frame, there's a huge difference between the curves. No one says it's the absolute truth, but at least it's an approximation.......
The difference in the amounts of financial instrument exchange rates is due to different trading volumes (due to the ratios in ind_INDEX 1.2).
There is a large volume on Eurobucks, and almost 0 on some pairs.
But the real trading volumes do not seem to be important for index-based trading.
I think coefficients based on point value are more appropriate.
OK, already some constructiveness in the topic, I will note at once that Close is no better/worse than Open, because the closing of a bar is accompanied by the opening of a new one, as well as the TF is an input discreteness of time intervals
Have you considered the weighting coefficients of each pair relative to one currency? After all, a change of 1 pip of EURUSD is much more "expensive" than USDCHF for example
Coefficients based on point value. The disadvantage is that the current point values are used, i.e. the coefficients are not calculated automatically.