- September 22, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Forex Correlation Trading System Review
Forex Correlation Trading System is a forex expert advisor using a two-pair correlation trading system. This EA can be used in positive correlation or negative correlation of two pairs so it is very flexible and efficient. In addition to an automatic correlation system based on the GAP pivot of the two pairs, this EA is also equipped with daily targets and daily stop losses as barriers to make our trading more realistic and comfortable in the long term.
Best Brokers List
The Forex Correlation Trading System works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below:
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|Register||2008||Cyprus||1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|Register||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
|Register||2008||Port Vila||1: 1000||$10||VFSC|
Forex Correlation Trading System Setting
This EA uses the GAP from the pivot and the GAP from the movement of the two pairs, where by using the GAP this EA can automatically choose to open buy buy, sell sell, buy sell and sell buy. So this EA does not necessarily refer to a positive or negative correlation.
for the exit, this EA is equipped with profit and stop loss targets. In addition, this EA is also equipped with a limiter, namely daily targets and daily stop losses as well as trading hours that can be set when the EA is online.
- This EA cannot be backtested because it uses 2 pairs to open positions.
- Just attach the EA in 1 pair only (on Pairs A).
- Try to always use a balance that is large enough because it uses 2 pairs.
- Always use small lots to save margin because this EA is not full hedging (semi hedging).
Forex Correlation Trading System Free Download
We highly recommend trying the EA a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.