It is necessary to understand that testing this strategy in the MetaTrader4 tester is impossible, since the work is carried out simultaneously on several instruments, while the tester makes it possible to test only one trading instrument at a time.
The Expert Advisor implements the classic idea of correlating currency pairs, both direct and reverse. This allows, when opening a position, to protect it by simultaneously opening a position on a correlating currency pair. With a high level of correlation of currency pairs and a reasonable money management, this approach makes it possible to get profit with high probability and to avoid large drawdowns of the trading account.
The presence of the DD parameter, which performs the StopLoss function, and built-in recovery system helps to keep the drawdown at a comfortable level for the user.
When the level of correlation of currency pairs changes for already open positions, additional positions are opened either for the same currency pairs or for other unrelated ones, which provides additional security for trading.
2 trading modes are available:
1. With automatic selection of currency pairs – trading will be performed on 28 currency pairs: EURUSD, GBPUSD, AUDUSD, NZDUSD, EURJPY, USDJPY, AUDJPY, USDCHF, EURAUD, EURCAD, EURCHF, EURGBP, CADCHF, EURNZD, AUDCAD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, AUDCHF, NZDCAD, NZDCHF, NZDJPY, AUDNZD, USDCAD, CHFJPY, CADJPY.
2. With manual selection of currency pairs – they have to be set in parameters.
For the advisor to work correctly, the quotes of the used currency pairs are needed in the “Market Watch” window of the MetaTrader4 trading terminal. To do this: right-click in the window “Market Watch” – Show all. After that, you need to drag the Correlates EA to the chart of one of any currency pair, selected for trading.
TimeFrame – H1.
Trading terminal – MetaTrader4.
Minimal recommended deposit – $500 for 0.01 lot. Or $50 for cent-account with lot 0.1.
Minimal recommended account leverage – 1:500.