Hi Pradlal,
Thank you for your response, I do understand I have somewhat hijacked the thread with an off-topic question so for that i do apologise.
As for your comments, I completely agree that when trading using Mr Pips method it requires constant monitoring of bars as they develop, unfortunately I have been unable to prioritise the time to trade this way, hence the slight adaptions I have made to his method to try and work it on a 4HR chart. I could just focus on a single instrument and that would completely resolve any correlation issues.
I think for now I will just trade the way I have planned and will make the above adjustment (my original post splitting the position size across correlated pairs).
A big thank you to Mr Pip for all his hard work in providing such great resources to all.
Thank you for your response, I do understand I have somewhat hijacked the thread with an off-topic question so for that i do apologise.
As for your comments, I completely agree that when trading using Mr Pips method it requires constant monitoring of bars as they develop, unfortunately I have been unable to prioritise the time to trade this way, hence the slight adaptions I have made to his method to try and work it on a 4HR chart. I could just focus on a single instrument and that would completely resolve any correlation issues.
I think for now I will just trade the way I have planned and will make the above adjustment (my original post splitting the position size across correlated pairs).
A big thank you to Mr Pip for all his hard work in providing such great resources to all.