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Correlation calculation

  • #1
  • First Post: Nov 17, 2011 1:15am Nov 17, 2011 1:15am
EURJPY 122.66
EURUSD 1.4455
USDJPY 84.84

Actually
1 lot EURJPY= 1 lot EURUSD + (EURUSD bid price)1.4455 lot USDJPY

If
1 lot EURJPY and 1 lot USDJPY, how many lot should be open for EURUSD?
  • #2
  • Nov 17, 2011 2:52am Nov 17, 2011 2:52am
Ahh, that depends on the current market prices. I found a simple way to get those numbers. You need an Oanda (demo) account for that.

I opened 1000 units long EU, I opened 1000 units short EJ

now I look at the Exposure tab in the Oanda FxTrade, it says USD short exposure 1347 units, JPY bla bla units

That is the number you're looking for, isn't it?

Quoting klhh
EURJPY 122.66
EURUSD 1.4455
USDJPY 84.84

Actually
1 lot EURJPY= 1 lot EURUSD + (EURUSD bid price)1.4455 lot USDJPY

If
1 lot EURJPY and 1 lot USDJPY, how many lot should be open for EURUSD?
forget about tomorrow, just steal away into the night
  • #3
  • Last Post: Nov 17, 2011 4:41am Nov 17, 2011 4:41am
Quoting spekitox
Ahh, that depends on the current market prices. I found a simple way to get those numbers. You need an Oanda (demo) account for that.

I opened 1000 units long EU, I opened 1000 units short EJ

now I look at the Exposure tab in the Oanda FxTrade, it says USD short exposure 1347 units, JPY bla bla units

That is the number you're looking for, isn't it?
I am not sure because I not familiar with oanda platform, but I am sure there are formulas to get the exact lots
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