Correlation Hedging

 

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.

 
Look at this summary post (where I collected everything related): post
How to use forex expert correlation.
How to use forex expert correlation.
  • 2021.09.19
  • www.mql5.com
How to use forex expert correlation. Is there an expert...
 
Manpreet Singh:

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)
 
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

 
Manpreet Singh #: link not working
What link? There was no link! He just highlighted your text in green. That is all.
 

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

Here is a general introduction : 

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

Statistics 101: Understanding Correlation
Statistics 101: Understanding Correlation
  • 2013.01.25
  • www.youtube.com
Statistics 101: Understanding CorrelationIn this video, we discuss the basic concepts of another bivariate relationship; correlation. Previous videos examine...
 
Manpreet Singh: any way to have correlation coefficient on MT4.

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