1. Overview
As I described in my previous article Analysis of Strategy Based on Correlation (part 1) my idea is to detect situations in market when major pairs usually moves in some certain intervals and to run strategy which catches movements inside mentioned intervals in three different pairs - EUR/USD, GBP/USD and EUR/GBP. As at year start where were quite big movements related with faded expectations for sooner than later GBP rate hike, SNB floor removal and ECB QE announcement I think presently pairs might find new fluctuation ranges not going so sharply to one direction as was at the year start. That's why I decided that presently is good time for further analysis of pairs correlation strategy and testing it in demo jforex environment. In this publication further development of strategies for GBP/USD and EUR/GBP pairs will be described (strategy for EUR/USD was described in previous publication) as well as real launch of all three pairs strategies in demo environment.
2. Strategy for EUR/GBP
Not going to deeply to visual jforex programming issues I will explain main principles of strategy prepared for working in EUR/GBP pair. Strategy layout is presented below:
Here is presen…
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