- January 18, 2021
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Hi Forex Wiki Friends,
EA Engine PRO Description :
EA Bluefish Engine PRO is a forex expert advisor that uses a 2 pairs correlation system, where EA will take a position when the market experiences “Out of Whack”. This EA is an updated version of EA Bluefish Engine Miner with improved signal triggers for open positions and also fixes on close all orders.
In statistics, correlation is a measurable relationship between two quantities at a time. Correlation values generally range between -1 and 1. A correlation of -1 means that the two pairs have a perfect negative relationship, meaning that the pair moves in opposite directions. If one of them goes up, then one of them will go down. A negative correlation can also be more than -1 with the same tendency as a value of -1 (the smaller the negative correlation value, the bigger the difference). Examples of negatively correlated pairs are EUR / USD and USD / CHF.
Conversely, a correlation of 1 means that the two pairs have a perfectly positive relationship, where both of them move in almost the same direction. If one pair goes up, the other pair will also go up. If the positive correlation value is more than 1, then the two pairs tend to move in the same direction (the greater the positive correlation value, the closer and more accurate the similarity of motion is). Examples of pairs with a positive correlation are EUR / USD and GBP / USD.
1. Minimum Gap between 2 pairs must be reached
2. Follow the leader Pairs B
Exit trade by hidden TP and Hidden SL
How EA Bluefish Engine Miner works
GAP PC (Positive correlation) is a gap used for open trigger signals in pairs with a positive correlation, while GAP NC (negative correlation) is a gap used for open trigger signals in pairs with a negative correlation.
Broker Requirement :
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|Register||2007||Sydney, Australia||1:1000||$200||ASIC, SCB, FSA|
|Register||2010||Melbourne, Australia||1:500||$200||FCA , ASIC, DFSA|
|Register||2008||Cyprus||1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|Register||2011||London, England||1:500||$25||regulated by CySEC|
|Register||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
EA Engine PRO Settings:
EA Engine PRO Results:
- This EA cannot be backtested because it uses 2 pairs to open positions.
- It is enough to attach EA in 1 pair only (i.e. in Pairs A).