mbkennel - I meant the underlyings are correlated, but intuitively I agree it means little about the true correlation of trade results. In fact, I’m not sure I know how to define true correlation of trade results - let alone measure it.
ForexQuant – this means double position size.
So, seems there is a much more important question here:
ForexQuant – this means double position size.
So, seems there is a much more important question here:
For position sizing purposes, is there a simple enough criterion (and procedure) by which two assets should be regarded as one?