Ah, good to know. The two USI-TECH execs (Ralf Gold and Mike Kiefer) who discuss the correlation of currency pairs in the videos mention that the big swings can be downright dangerous and are avoided, however, once you have positions open, you're certainly at the mercy of the market.
Addressing the stop losses, and I'm not sure how fast a close can be triggered by an EA, but supposedly, the EA should handle it, however, I have seen huge drops occur in a matter of seconds, so yeah, that is a concern.
I thought I'd give you guys a link to the video where Ralf and Mike cover the bases in an informal discussion to see if something in their conversation covers these contingencies, and I may simply have missed it.
I'd hate for this to simply be a rehash of something that worked and failed long ago, unless the reasons for failure were addressed and resolved. I believe Ralf mentions that they look for correlation of pairs that are 80% or greater, but again, not all of them pan out.
If you wouldn't mind taking the time, I'd really like your feedback on what they discuss in the video. (y)
Here's the YouTube! URL:
Best Regards,
Marc
Addressing the stop losses, and I'm not sure how fast a close can be triggered by an EA, but supposedly, the EA should handle it, however, I have seen huge drops occur in a matter of seconds, so yeah, that is a concern.
I thought I'd give you guys a link to the video where Ralf and Mike cover the bases in an informal discussion to see if something in their conversation covers these contingencies, and I may simply have missed it.
I'd hate for this to simply be a rehash of something that worked and failed long ago, unless the reasons for failure were addressed and resolved. I believe Ralf mentions that they look for correlation of pairs that are 80% or greater, but again, not all of them pan out.
If you wouldn't mind taking the time, I'd really like your feedback on what they discuss in the video. (y)
Here's the YouTube! URL:
Best Regards,
Marc