LAST UPDATE : 1 July 2009 11:20AM :
- EA file 3PairsHedge.mq4 is updated, LOTS OF CHANGES
How does it work :
- Correlation Trade means open 3 correlated currency pairs simultanuously
- Each pair will have certain lot size
- These combination of currency pairs and lot sizes will balance the overall trades and result ZERO in total (theoritically)
- Due to the nature of world economic situation, a situation where the correlation movement will happen all the time
- When the movement result is positive then we are in profit
- Otherwise it will be lost
- However, this negative result will eventually turn positive again after certain time
File download : 3PairsHedge.mq4
Trade Sample : 3PairsHedge.zip
How to Run :
- Make sure you have these pair active for trading in MT4 Terminal : EURUSD - USDCHF - EURCHF
- Default trading are BUY EURUSD - BUY USDCHF - SELL EURCHF
- Lot for each pair will be calculated automatically
- Open one pair, for instance EURUSD (Time frame is not an issue)
- Run the EA
- Set the external variable Xoff (X offset) to the appropriate value so that all information can be displayed properly in EURUSD terminal (like screen shot above)
- After everything is ready,
- For manual trading : select or double click the three labels (BUY EURUSD, BUY USDCHF, SELL EURCHF)
- Then press "delete" to delete the label, thus opening all 3 trades simultaneously
- For auto trade : just sit and watch, once the speed difference is 10, all trades will be excuted
- Finally ... wait for profit!
