Could some help me with a formula
I am trying to calculate to have a neutral hedge
Of eur/usd and usdchf using lot and range of open to close
Eur/usd 1lot =1
Usdchf 1lot = .96
Daily open to close ( not high to low) is
Euro usd- 70 pips and usdchf 58 pips difference 12 pips or %
I am looking for the formula on how much usdchf do I need taking in account the daily open/close range And the lot difference
thank you
I am trying to calculate to have a neutral hedge
Of eur/usd and usdchf using lot and range of open to close
Eur/usd 1lot =1
Usdchf 1lot = .96
Daily open to close ( not high to low) is
Euro usd- 70 pips and usdchf 58 pips difference 12 pips or %
I am looking for the formula on how much usdchf do I need taking in account the daily open/close range And the lot difference
thank you