Hi,
that this EA was tested with Exness. You need a broker who gives counter tops hedges. Broker compatibility: The EA calls currency pairs like AUDUSDm. Replace the m at the EA along with your brokers code.
The Correlation Double Hedge EA system operates this way:
AUDJPY/CADJPY possess a correlation of around 90% over 1 year which is good. Over the daytime it affects.Open a 100.000 USD demo account Attach EA to AUDJPY chart, timeframe doesn't matter
EA can do:Open hedged AUDJPY/CADJPY (2 orders - Pair 1) Open the same orders contrary side (Pair 2), margin is now 0 and we have a . . hmm . . Correlated hedge !
With margin 0 we have a very wonderful buffer for drawdowns and we double the opportunity to reach the TP because of two Pairs. Just swap is negative.
For example every order is 40 lots and TP (Take Profit) point of 1000 USD per pair.
Profit is going to be taken when the significance goes wild and a pair reaches the TP. Like one order is the and -1000. This pair recreated and is going to soon be closed. This happens around 5-10x daily.
The drawdown will stop automatically at a max as a result of dual hedge. In this example not over 20% or so.
Very nice interactive significance charts:
http://www.myfxbook.com/forex-market.../AUDJPY-CADJPY
http://www.myfxbook.com/forex-market/correlation
Change reduction per day around -80 USD with 40 lots per order. If you disable Pair 2 and pay margin for Pair 1, the Swap turns into a profit of ca. 120 USD per day or around 3000 USD/month. Pair 1 nevertheless will require the 1000 USD TP whenever reached.
Things to do:Assess the EA for bugs Evaluation the machine if it makes any lasting sense ? Add correlation formular to EA (mostly done) Define perfect order entry points based on significance of last X min Add lot based compound linked to Equity profit to boost this up.
As AUDCAD drops around 8 percent per last 2.5 years I added code to correct the lot size based on precisely the exact same USD value for every pair. However I found the significance differences daily is up to 50 percent per pair therefore it has little impact to correct the lot sizes now. So that code is still inactive. With AUD/CAD around 1.00 only place same lots.
I have it operating on 4 Demos since now to check whether that system works and find code/logic bugs.
See the pairs displayed in the remark and profits in points. Fun to see how the points vary around until they hit the TP.
Thx for reading and any comments.
As the EA gets updated very often plz find the latest EA within the ribbon.
Notice: The rar includes a dll which simply boosts the MT4 process priority. Its not needed if you do not trust DLLs. Simply uncomment the related code at the EA. If you prefer to use it, then put the dll into exactly the exact same folder as terminal.exe. Requires Windows 7 and .NET Framework 4.0. Source on request.
https://www.forexsoutheast.asia/atta...2229853990.rar