Here's a Trading Idea for ya. Utilizing the correlation between EUR/USD and EUR/GBP take opposing trades in the two pairs so you're still swap positive.
Example; 1.5 standard lots per every $10k of account balance. So 1.5 lot buy on the EUR/USD and a 1.5 lot sell on the EUR/GBP (assuming a $10k account balance). At a combined swap of $21 a day that's $630 a month on a $10k account. 6.3% just for holding the positions.
So on a daily basis the pairs move together 66.9% of the time. If there are equal and opposing positions then 37.1% of the time the combined positions will be in profit or loss. Wait out the loss at a holding rate of 6.3% a month and take profit when you reach 2%-5% of your original account balance.
Sound like it's time for a demo farward test. Good Pip Hunting.
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