- June 14, 2022
- Posted by: Forex Wiki Team
- Categories: Forex Correlation Ea, Free Forex EA
FX CORRELATION EA MT4 Review
FX CORRELATION EA MT4, The Expert Advisor trades on high-correlation instruments. Simultaneously, he ensures that each transaction is performed at the expense of another instrument (hedges).
The insurance premise is that we buy one instrument and sell the other. Because positive correlation pairs always move in the same direction, the Expert Advisor cannot sustain a large overall loss. Because this style of trading ensures transactions, there is no need for a stop loss!
Based on the tick value and the current balance, the EA determines the lot. This is done in order for one instrument (a currency pair) to compensate for the loss of another
Consider the following scenario:
89-100 percent connection between EURJPY and CHFJPY
95 percent association CADJPY-AUDJPY
87-94 percent connection between EURJPY and CADJPY
80-92 percent connection between EURJPY and AUDJPY
I chose these couples with the help of software that calculates the connection over time (BEST CORRELATION). The CORR script can also be used.
Best Brokers List
The FX CORRELATION EA 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|
|1:1000||$5||ASIC, CySEC , IFSC|
🇧🇸 The Bahamas
|1:1000||$200||ASIC, SCB, FSA|
|1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|1:500||$200||FCA , ASIC, DFSA|
|1:500||$25||regulated by CySEC|
|1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
CORRELATION FX EA Setting
By pressing the “Trading is permitted” button, you may turn off the Expert Advisor.
When you push the button, it glows red. The Expert Advisor, on the other hand, does not make open transactions. He will put them to a close, but no new posts will be created. Also, trading is forbidden due to time constraints. The Expert Advisor profits from positions that are currently available but does not create new ones.
You can close some or all positions separately throughout the trading process by clicking on the respective buttons.
CORRELATION Fx EA Results
The Expert Advisor sells (sell) the most expensive instrument while concurrently buying (purchase) the cheapest. As a result, insurance against currency fluctuations is achieved. The most important thing is to select the tools in such a way that they work effectively together. The nature of currency movement may be verified by the fact that they practically mirror each other! When the overall profit as a percentage of the deposit exceeds the predetermined figure, the transaction is closed.