DislikedI suppose you're talking in terms of a strategy that has an entry / stop / target, or simply entry and some sort of exit / flat period.Ignored
Or explained with probabilities; the difference between the probability of a winner given the N previous results vs the raw probability of winning. With Bernouilli trails both are the same.
QuoteDislikedAre you defining correlation in some other manner?
In the extreme case where you follow each swing, your equity will be a straight line with fixed MM. --It will be an exponential with x% MM but correlation doesn't measure the non-linear relationship.-- The correlation will be zero as a sum of 1's and -1's (FX is very symmetrical). But as you're always in the same direction as the market, I consider you're 100% linked (to not say correlated). Actually the turning points of the price make your startegy flip therefore it is completely dependent upon the market. The market is the cause and the only cause of the flip. 100% dependence.
No greed. No fear. Just maths.