FX Correlation EA V1.3 for : Unlocking Profit Potential
Introduction
The FX Correlation EA V1.3 is an intelligent trading robot designed for Metatrader 4 (MT4). Its primary goal is to hedge trading positions in highly correlated currency pairs, leveraging the correlation between these pairs to maximize profits. Let’s delve into the details:
Key Features:
- Hedging Strategy: The EA dynamically hedges positions in correlated pairs, such as EUR/USD against USD/CHF.
- Impressive Performance: Over approximately 1 year of trading, this Forex robot achieved a remarkable +1275.62% gain.
- Flexible Compatibility: Works seamlessly on unlimited demo and live accounts.
- Optimized Time Frames: Performs best on M5 and M15 charts.
- Minimum Account Balance: Recommended minimum balance of $250.
Trading Strategy: How the EA Takes Trades
- Correlation Pair Selection: The EA identifies highly correlated currency pairs (e.g., EUR/USD and USD/CHF).
- Hedging Execution: When a trade signal occurs in one pair, the EA simultaneously opens a hedge position in the correlated pair.
- Profit from Correlation: As the correlated pairs move in tandem, the EA capitalizes on price fluctuations to secure gains.
Installation Guide:
- Open Metatrader 4 and select “File” from the top menu.
- Click on “Open Data Folder” and navigate to the “MQL4” folder.
- Inside the “Experts” folder, place the “Fx Correlation EA 1.3.ex4” file.
- Restart MT4 and attach the expert advisor to your desired chart.
Chart Example:
!FX Correlation EA Chart
Inputs (EA Settings):
- Lots: Adjust position size.
- Take Profit: Set profit target.
- Stop Loss: Define maximum loss.
- Symbol 1 and Symbol 2: Specify the correlated currency pairs.
- Magic Number: Optional identifier for tracking trades.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀
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Additional Resources:
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