Trading Robots for MetaTrader 4
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MetaTrader 4
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Overview
Free version of the advisor HERE
The advisor works on a diversification and hedging strategy.
Currency pairs: EURUSD - USDCHF, EURCHF - AUDNZD and other highly correlated currency pairs.
Time frame: from M5 to H4.
The advisor's strategy:
· We open one Buy deal on EURUSD;
· If you have reached profit, then close the deal; (TakeProfit)
If the price went against us, open a new Buy deal, but already on the USDCHF pair; (Loss to open a trend order)
· After a while, one of the pairs will become profitable;
As soon as the profit on EURUSD has reached the N value, we open another deal to buy on EURUSD; (Profit for opening an order with a trend)
· If a EURUSD deal goes negative to N value, then a Buy is opened for the USDCHF pair, thereby hedging an unprofitable EURUSD deal. (Loss to open a trend order)
Closing of all orders is carried out according to the total profit in the deposit currency. (Total Profit (of all orders in currency))
There is not a limited number of such hedging orders, but as a result, sooner or later, we enter the trend and make a profit.
First symbol - The first pair (example: EURUSD) Place the EA on the chart of this pair !!
Seckond symbol - Second pair (example: USDCHF)
correlation - Correlation selection (direct/inverse)
a trade is entered by a specific signal:
If two consecutive candles for the EURUSD pair closed with growth (bullish candles), then open a buy;
· If two consecutive candles for the EURUSD pair closed with a decline (bearish candles), then open a sell.
Attention: The EA will not work in the strategy tester! Testing is carried out on a demo or real account!
Install the advisor only on a couple specified in the settings (First symbol) !!
