Hi all,
I need correlation tool for comparing currency pairs on forex. I want to select instruments for my strategy, so I need the pairs to be less correlated. thanks.
But it is again about backtesting functionality, it is impossible to test a strategy by only few setups, you need statistical result for 50-100 deals, so the thing that can help you here is a backtester tool, not a stock screener with an ability to screen stocks retroactively.
I think "trading rules" (the market) will be changing more frequently with the time. It will not became more random. We will see that classical TA will be absolutely worthless and some other rules will arise. I beleive in ATS, this is the only what one can earn money with.