Forex Correlation EA Download Free

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The Forex Correlation Robot, launched in March 2014, is designed for traders of all levels to maximize gains under various market conditions through fully automated trading.

Strategy of Forex Correlation Robot​

The Forex Correlation Robot employs a correlation strategy widely used by professional and bank traders for hedging. This approach leverages negatively correlated pairs to hedge positions, thereby reducing exposure and risk while enhancing profit potential. For instance, it might use pairs like GBPUSD and EURGBP, which tend to move in opposite directions.

Performance and Testing​

• Expected Returns: With the recommended settings, the EA can achieve a decent monthly return of around 30%. By adjusting the lot size, performance can potentially exceed 200%, although this also increases risk.
• Testing: Due to the nature of correlation strategies, results from strategy testers may not accurately reflect real-world performance. Therefore, it is advised to test the EA on a demo account for at least a week to understand its functionality and performance.

Recommendations for Forex Correlation Robot​

• Minimum Account Balance: $500
• Optimal Timeframe: M15 (though it can work on any timeframe)
• Continuous Operation: For consistent results, the EA should run 24/7 on a VPS.
• Account Type: A low spread ECN account is recommended for optimal performance.

Operational Guidance​

Before using the Forex Correlation Robot on a live account, familiarize yourself with its operation through thorough testing on a demo account. This practice helps in understanding the EA's behavior and making necessary adjustments to suit your trading style and risk tolerance.

By incorporating the Forex Correlation Robot into your trading strategy, you can leverage the benefits of correlation hedging to potentially enhance your trading performance while managing risk effectively.