Thread: Correlation Strategy EA

We enter when there is a cross with the two lines.

If the blue line goes over the green line, we buy EURUSD and we sell GBPUSD.

If the green line goes over the blue line, we buy GBPUSD and we sell EURUSD.

We close the trades when there is a profit of 15 pips.

We can also close the trades when there is an opposite cross.

The indicator and the EA have to be applied to both charts, timeframe M30. You have to set B1 (the weakest pair "EURUSD") and B2 (the strongest pair "GBPUSD").

I attach different settings with several pairs.

Download : Correlation Strategy EA (available in the Elite section)

New version, new features :

- Code rewritten to allow a better reading,
- Comments displayed on the chart to check the EA functionalities,
- Autofactor mode 1 based on ticksize removed (useless),
- Autofactor mode 2 based on atr corrected,
- Martingale added with delayminutes and multiplier,
- Martingalemode : 0=buy sell sell - sell buy buy, 1=buy sell buy - sell buy sell,
- Stoptradingaftertarget : stop trading once target is reached,
- Entrymode : 0=close-open, 1=gap, 2=direction, 3=price difference,
- Direction symbol for entry mode 2,
- Maperiod : moving average period to determine direction trend,
- Difference : in point to take into consideration for entry mode 3,
- One trade management added that decides to close or to open a trade of a couple when there is only one opened trade (issue generated after a busy trade context).

We can now applied the gold gold, gold silver and the correlation martingale strategies with this code.

Download : Correlation Strategy EA (available in the Elite section)