Forex Correlation EA MT4 + SetFiles (Platform build 1425+)
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What is Forex Correlation EA?
Correlation EA is a type of forex trading robot that automates trading decisions on the MetaTrader 4 platform. It uses the correlation between different currency pairs to make trading decisions, aiming to capitalize on the relationship between these pairs. For instance, if two currencies are known to move in a similar direction, the EA might use this information to make trades that leverage these movements.
Key features
- Correlation analysis: Analyzes the correlation between different currency pairs to identify trading opportunities.
- Customizable settings: Users can typically adjust parameters such as risk levels, lot sizes, and specific currency pairs to trade.
- Backtesting capability: Allows traders to backtest the EA with historical data to gauge its performance.
- Risk management: May include features like stop loss, take profit, and trailing stop settings.
Forex Correlation EA Reviews
When looking for reviews, it’s crucial to consider multiple sources and user experiences. Positive reviews might highlight the EA’s ability to execute a unique correlation-based strategy effectively, while negative reviews might point out issues with performance under certain market conditions or the complexity of settings.
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Correlation EA MT4
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Recommended settings
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 4 (MT4) |
| Minimum / Recommended deposit | $250 |
| Time frames | M5, M15 |
| Currency pairs | Any pairs |
| Minimum / Recommended leverage | 1:400 or higher |
| Setup files | Available |
| Product type | NoDLL / Fix |
| Additional services | Unlock and Decompile |
| Recommended brokers | Exness Broker, HTFX Broker |
| Recommended VPS | MyfxVPS.com ( Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months. |
>>>ย Reviewed byย David Easton
Product download package includes
The download package of the product suite includes:
- Experts: Forex Correlation EA_1420+.ex4
- Presets:
- H1_All Pairs.set
- H1_Best Pairs.set
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User Reviews
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