There are innumerable ways AI can enhance trading strategies, yet evaluating each one before adoption is impractical. Let's revisit the strategy of multiple symbol analysis to see how AI can improve it.
Trading strategies with multiple symbol analysis rely on correlations between symbols. Correlation measures linear dependency between variables but does not imply a relationship. For instance, the USDZAR currency pair correlates with oil and gold prices. Understanding these correlations helps gauge risk and guide decisions.
For this analysis, market data from MetaTrader 5 was exported and used to train models with OHLC quotes and a combination of oil and gold prices. Results showed oil having a stronger correlation with USDZAR than gold. Models like linear regression and KNeighborsRegressor performed best, with hyperparameter tuning improving accurac...
#MQL5 #MT5 #AITrading #FinanceAI
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Trading strategies with multiple symbol analysis rely on correlations between symbols. Correlation measures linear dependency between variables but does not imply a relationship. For instance, the USDZAR currency pair correlates with oil and gold prices. Understanding these correlations helps gauge risk and guide decisions.
For this analysis, market data from MetaTrader 5 was exported and used to train models with OHLC quotes and a combination of oil and gold prices. Results showed oil having a stronger correlation with USDZAR than gold. Models like linear regression and KNeighborsRegressor performed best, with hyperparameter tuning improving accurac...
#MQL5 #MT5 #AITrading #FinanceAI
Read more...
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