Where is a good resource to find high and low FX data history for the past several years?
I have daily high/low data back through 2005 for the six major pairs. But, I would like close and opening data for several years also. That will help me to determine precise movements over time and better predict the maximum range, hence, maximum risk for a week, month, etc.
Secondly, Part of determining my risk model is based upon statistics. To elaborate, the percentage and the deviation from the average that pairs rise and fall over time.
I think such a calculation is good for determining what is a "safe" margin ratio.
So far based upon having data from Nov. 2005 to Jan. 2007 the low for a pip trading range from high to low is 18. The high, which occured on, Nov. 5th was 222 pips. In percentage terms the average a market moves in a day is .74 of a percent The minimum is .14/100 and the max is 1.86%.
So, for me, I plan on daytrading so, I could say a 1:50 ratio is safe based upon an extreme move of the market of 1.86% (round up to 2%). However, if I get stuck on the wrong side of a trend for a few days and the currency drops 4% to 7% or more than I could be in lots of trouble. So, I think a ratio of 10:1 is ok for now to play it safe.
Thanks for any help,
Krigere
I have daily high/low data back through 2005 for the six major pairs. But, I would like close and opening data for several years also. That will help me to determine precise movements over time and better predict the maximum range, hence, maximum risk for a week, month, etc.
Secondly, Part of determining my risk model is based upon statistics. To elaborate, the percentage and the deviation from the average that pairs rise and fall over time.
I think such a calculation is good for determining what is a "safe" margin ratio.
So far based upon having data from Nov. 2005 to Jan. 2007 the low for a pip trading range from high to low is 18. The high, which occured on, Nov. 5th was 222 pips. In percentage terms the average a market moves in a day is .74 of a percent The minimum is .14/100 and the max is 1.86%.
So, for me, I plan on daytrading so, I could say a 1:50 ratio is safe based upon an extreme move of the market of 1.86% (round up to 2%). However, if I get stuck on the wrong side of a trend for a few days and the currency drops 4% to 7% or more than I could be in lots of trouble. So, I think a ratio of 10:1 is ok for now to play it safe.
Thanks for any help,
Krigere