Correlation Hedging

[Manpreet Singh]

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Hi,

Can any one expert trader help me out to share their experience in hedging on correlated pairs both positevely and negatively.

Also tell is their any way to have correlation coefficient on MT4.

[Sergey Golubev]

Look at this summary post (where I collected everything related): post #1

[Lorentzos Roussos]

Manpreet Singh:

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Hi,

Can any one expert trader help me out to share their experience in hedging on correlated pairs both positevely and negatively.

Also tell is their any way to have correlation coefficient on MT4.

Yes (to the green part)

But depending on how much "lookback" period you need , you'll have to make sure you have similar data across the pairs you are interested in comparing.

Similarly ,as is the case with almost all currency strength indicators, you cannot assume the data your are crunching is synchronized.

(this becomes very problematic with such indicators that are indicator type programs , expecially if the coder prefers not annoying the user over proper calculations , or does not know it)

[Manpreet Singh]

Lorentzos Roussos #:

Yes (to the green part)

But depending on how much "lookback" period you need , you'll have to make sure you have similar data across the pairs you are interested in comparing.

Similarly ,as is the case with almost all currency strength indicators, you cannot assume the data your are crunching is synchronized.

(this becomes very problematic with such indicators that are indicator type programs , expecially if the coder prefers not annoying the user over proper calculations , or does not know it)

link not working

[Fernando Carreiro]

Manpreet Singh #: link not working

What link? There was no link! He just highlighted your text in green. That is all.

[Lorentzos Roussos]

Yeah it was not a link , im a bit artistic at times.

Here is a general introduction : 

https://www.youtube.com/watch?v=4EXNedimDMs

[William Roeder]

Manpreet Singh: any way to have correlation coefficient on MT4.

Correlation Coefficient with Two Arrays - Correlation Coefficient - MQL4 programming forum #7 (2017)