CoupleHedgeEA
What is it
Is an expert to use correlation strategy between 2 pairs (couple).
Only need the two pairs to have a common currency.
Example: Pair 1 - EURUSD / Pair 2 - USDCHF, common currency is USD.
The common currency creates a bond between the two pairs, and the price movement is relative.
How to use it
Set expert and attach on one chart only (multicurrency version), no matter the pair or the time frame, the selection will be done automatically by the expert.
How to set it
The expert is multicurrency, it mean, can to trade from 1 to 45 couples from 1 chart.
You can to insert in 'Currencies To Make Pairs' parameter the currencies to want expert make couples.
The minimum currencies is 3 and maximum is 5, seperated by slash (/).
Number of currencies=3, number of couples=3.
Number of currencies=4, number of couples=15.
Number of currencies=5, number of couples=45.
It is important the order of currencies be from the strongest to the weakest, otherwise expert can't make pairs and show a warning mesage on the chart.
Strongest --> EUR/GBP/AUD/NZD/USD/CAD/CHF/JPY <--weakest.
You can to skip some couples of total making couples if insert in 'No Of Couples To Skip' the numbers of couples seperated by comma (,).
It's possible to see all couples and their number by putting the expert in stand by mode from 'Type Operation Mode' parameter before start trade.
If You are ready, then set expert in normal operation from 'Type Operation Mode' parameter.....
Recomendation
Use a broker with tight spread and low commission.
Is necessary have a broker with fast execution, because the expert will open several orders together that it will need to close all at the same time.
I think in an account with 1:500 leverage is enough 1000$ per couple with lot 0.01 and default settings.
Expert Files
Version 1.74: First released version.
Version 1.75: Input parameters for step and lot multiplier.
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