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- ਸ਼੍ਰੇਣੀ: ਮੁਫਤ ਫਾਰੇਕਸ ਈ.ਏ
Forex Correlation Calculator Review
ਫਾਰੇਕਸ ਸਬੰਧ ਕੈਲਕੁਲੇਟਰ, As a Forex trader, it's important to stay on top of the relationships between different currency pairs. This is where the Forex Correlation Calculator can be invaluable. This powerful tool measures the degree to which two currency pairs move in relation to each other, providing traders with insight into the potential for one pair to influence the other.
Using the Forex Correlation Calculator to Identify Trading Opportunities
One of the primary ways traders can utilize the Forex Correlation Calculator is to identify potential trading opportunities. By analyzing the strength and direction of the correlation between different currency pairs, traders can make informed decisions about whether to buy or sell.
ਉਦਾਹਰਣ ਲਈ, if two currency pairs have a strong positive correlation, a trader may consider buying one pair and selling the other, expecting that they will move in the same direction. On the other hand, if two currency pairs have a strong negative correlation, a trader may consider buying one pair and selling the other, expecting that they will move in opposite directions.
Choosing TP and SL with the Correlation Strategy
Once a trader has identified a potential trade using the Forex Correlation Calculator, they will need to decide on their take profit (ਟੀ.ਪੀ) ਅਤੇ ਨੁਕਸਾਨ ਨੂੰ ਰੋਕੋ (SL) ਪੱਧਰ. TP is the target price at which the trader will close their position and realize a profit, while SL is the price at which the trader will close their position to minimize their loss.
There are several approaches that traders can take when choosing TP and SL with the correlation strategy. One approach is to set the TP at a level that is a multiple of the average daily range (ਏ.ਡੀ.ਆਰ) of the correlated pair. ਉਦਾਹਰਣ ਲਈ, if the ADR of the correlated pair is 100 pips and the trader wants to aim for a TP of 300 pips, they could set their TP at three times the ਏ.ਡੀ.ਆਰ.
Another approach is to use technical analysis to identify key levels of support and resistance on the correlated pair and set the TP and SL accordingly. ਉਦਾਹਰਣ ਲਈ, if the correlated pair is approaching a key level of resistance, the trader may set their TP just above that level and their SL just below it.
ਵਧੀਆ ਦਲਾਲਾਂ ਦੀ ਸੂਚੀ
The No Loss Forex Robot works with any broker and any type of account, ਪਰ ਅਸੀਂ ਸਿਫ਼ਾਰਿਸ਼ ਕਰਦੇ ਹਾਂ ਕਿ ਸਾਡੇ ਗਾਹਕ ਇਹਨਾਂ ਵਿੱਚੋਂ ਇੱਕ ਦੀ ਵਰਤੋਂ ਕਰਦੇ ਹਨ ਚੋਟੀ ਦੇ ਫਾਰੇਕਸ ਦਲਾਲ ਹੇਠ ਸੂਚੀਬੱਧ:
Adjusting the Parameters of the Forex Correlation Calculator
The Forex Correlation Calculator has several adjustable parameters that can be tailored to meet the needs of the trader:
- Symbol_Name: The currency pair to which you want to calculate the correlation.
- Bars_of_autoscale: The number of bars to autoscale.
- Inverse: ਜੇਕਰ ਸਹੀ 'ਤੇ ਸੈੱਟ ਕੀਤਾ ਗਿਆ ਹੈ, it will flip the chart horizontally.
- ਐਮ.ਏ: ਜੇਕਰ ਸਹੀ 'ਤੇ ਸੈੱਟ ਕੀਤਾ ਗਿਆ ਹੈ, it will display the moving averages for the overlaying pair.
- ਮਿਆਦ: The period of the moving average that you want to use.
- MA_Only: ਜੇਕਰ ਸਹੀ 'ਤੇ ਸੈੱਟ ਕੀਤਾ ਗਿਆ ਹੈ, it will only display the moving average.
Take Your Forex Trading to the Next Level with the Forex Correlation Calculator
ਅੰਤ ਵਿੱਚ, the Forex Correlation Calculator is a valuable tool for Forex traders looking to identify new opportunities and diversify their portfolios. By analyzing the relationships between different currency pairs with the Forex Correlation Calculator and using this information to make informed buy or sell decisions, traders can potentially increase their chances of success in the volatile world of Forex trading. When choosing TP and SL levels, traders can consider using a multiple of the ADR of the correlated pair or identifying key levels of support and resistance. ਹਾਲਾਂਕਿ, it's important to remember that the Forex Correlation Calculator is not a guarantee of future performance and should be used as just one tool in an overall trading strategy.
Read More: Forex Correlation EA
Forex Correlation Calculator Free Download
We highly recommend trying the Forex Correlation Calculator with ICMarket ਡੈਮੋ ਖਾਤਾ. ਵੀ, ਲਾਈਵ ਖਾਤੇ 'ਤੇ ਇਸਦੀ ਵਰਤੋਂ ਕਰਨ ਤੋਂ ਪਹਿਲਾਂ ਆਪਣੇ ਆਪ ਨੂੰ ਜਾਣੋ ਅਤੇ ਸਮਝੋ ਕਿ ਇਹ ਸਿਸਟਮ ਕਿਵੇਂ ਕੰਮ ਕਰਦਾ ਹੈ.
ਫਾਰੇਕਸ ਸਬੰਧ ਕੈਲਕੁਲੇਟਰ
