Dear doctorby,
Comments below,
doctortyby wrote:
Greetings SmitJR,
Congratulations for the Top spot in the September Contest. I see that you have gained a massive 10 spots advance after the Dukascopy Team of Experts evaluation.
Thank you very much for your kind words. I really didn't expect to get so many expert points. I am very happy with this second place. I really wanted to share this article with the community, not only to have a chance in the article contest, but mainly to see if there are enough people interested in this subject to discuss and develop something together. This is what I want to share my knowledge about forex portfolio management first, so we can discuss later in the forum other approaches, implementations for JForex, and so on. Everything will be welcome.
doctortyby wrote:
Greetings SmitJR,
Like I told you in the comment for your article I am interested in Forex Portofolios and Investment Portofolios.
I told you that my opinion is that you have to use Hedging Instruments (Currency Correlations) to lower your risk and tighten your Money Management.
I am very interested in your approach about this subject.
Best regards,
Doctortyby
Thank you also for your interest in portfolio management. In fact, I totally agree with you on taking the same approach for correlated pares. Note that in the article we are just considering the strength or weakness regarding the RSI, i.e., information that is relevant for one pair only. If we characterise correlations properly (and this is mathematically feasible), we can of course reproduce exactly the same approach as the one is in the article.
If you try, please let me know.
All the best,
SmithJr