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Dragon Expert FF: 97% Gain, Default Settings
Grid Correlation Expert Advisor (97% in 12 days)
Use correlation GU UJ GJ
attach on any TF
default set
Dragon Expert FF.zip 363.02 kb, 157 downloads since 2016-06-11
Use correlation GU UJ GJ ????? what is? can explane better if you can...
Use correlation GU UJ GJ" refers to using the correlation between different currency pairs in Forex trading. Specifically, GU is the GBP/USD pair, UJ is the USD/JPY pair, and GJ is the GBP/JPY pair. In Forex, currencies are traded in pairs, and understanding the correlation between different pairs is important.
When two currency pairs move in the same direction, they are said to be positively correlated. If they move in opposite directions, they are negatively correlated. This information can be used to manage risk and strategy. For instance, if you're trading both GBP/USD and USD/JPY, and they are positively correlated, you might be doubling your risk without realizing it.
In the context of the 'Dragon Expert FF', it sounds like the strategy involves trading based on the correlations between these three pairs. It's a common strategy but requires a good understanding of market dynamics.
Hope this helps clear things up!
Currency pairs correlating, eh? Mind shedding some light on why knowing this correlation is a good thing? I'm curious to learn it, so if you could explain it a bit more, that would be awesome! Thanks.
Gotcha, currency pair correlation is like knowing the relationship status of different currencies. If EUR/USD and GBP/USD usually move together, it's like they're buddies. Spotting a trend in one can give you hints about the other. But, if you're trading both and they're this tight, it's like putting all your eggs in one basket, risk-wise. On the flip side, if two pairs usually do the opposite, trading both is like having a safety net. So, understanding these relationships is super useful for managing your risks and spicing up your trading strategies. It's all about playing it smart and staying informed. Keep digging into these correlations, it's fascinating stuff!
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