Trading libraries for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
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https://www.mql5.com/en/users/lwyxru/seller
Use it on a btcusd h1 chart.
Switch to correlation mode
The EA operates based on the price correlation between two currency pairs or instruments. It can detect and trade positive, negative, or custom correlations between the selected instruments.
Key Features:
Symbol Selection:
You can use the current chart symbol or custom symbols for both instruments.
Validates the symbol's existence during initialization.
Correlation Types:
Positive Correlation (0): When one goes up, the other is expected to follow.
Negative Correlation (1): When one goes up, the other is expected to fall.
Custom Correlation (2): For specific relationships like Gold-BTC.
Inverse Custom Correlation (3): For inverse relationships like SPX-VIX.
Risk Management:
Percentage-based stop loss and take profit.
Maximum number of trades per direction per day.
Maximum trades per hour.
Margin check before trading.
Spread and slippage control.
Order execution:
Tests multiple execution modes (IOC, FOK, RETURN).
Comprehensive error management.
Detailed trade log.
Movement calculation:
Uses percentage price movement during the candle period.
Threshold-based entry signals.
