Thanks Petko. It’s nice to have someone who has the experience to have his thoughts on this matter.
Yes, I’m definitely for risk-diversification as well.
Now that you’ve mentioned it, what are your thoughts if I’ll pair, say, AUDUSD and EURJPY? The reason why I’m asking especially with regards to these currency pairs is that although they are balanced—1USD, 1EUR, 1AUD, and 1JPY—AUDUSD has AUD (a risk currency), while EURJPY has JPY (a safe haven currency).
For my manual trading, I usually just trade either of the two in the event that there is a risk-on, risk-off mood in the market. As an algo trader who trades fully automated, would you proceed in trading these currency pair combinations simultaneously?
Kind regards,