Bluefish Engine Miner “Two Pairs Correlation System
EA Bluefish Engine is a forex expert advisor that uses a 2 pairs correlation system, where EA will take a position when the market experiences an “Out of Whack”. This EA is an updated version of the Two Pairs FTL EA with improved signal triggers for open positions and also improvements to close all orders.
In statistics, correlation is a measurable relationship between two quantities at a time. Correlation values generally range between -1 and 1. Correlation -1 means that the two pairs have a perfect negative relationship, meaning that the pair moves in the opposite direction. If one of them goes up, the other one will go down. Negative correlations can also be more than -1 with the same tendency as -1 (the smaller the negative correlation value, the greater the difference). Examples of negative correlated pairs are EUR / USD and USD / CHF.
Conversely, a correlation of 1 means that the two pairs have a perfectly positive relationship, where they move in almost the same direction. If one pair goes up, the other pair will also go up. If the positive correlation value is more than 1, then both pairs tend to move in the same direction (the greater the positive correlation value, the closer and more accurate the similarity of motion). Examples of pairs with positive correlations are EUR / USD and GBP / USD.
Entry point
- Minimum gap between 2 pairs must be reached
- Stochastic plays and stochastic signals for triggers
Exit Point
Exit trade by hidden TP and Hidden SL
How it works EA Bluefish Engine Miner
Conversely, a correlation of 1 means that the two pairs have a perfectly positive relationship, where they move in almost the same direction. If one pair goes up, the other pair will also go up. If the positive correlation value is more than 1, then both pairs tend to move in the same direction (the greater the positive correlation value, the closer and more accurate the similarity of motion). Examples of pairs with positive correlations are EUR / USD and GBP / USD.
Entry point
- Minimum gap between 2 pairs must be reached
- Stochastic plays and stochastic signals for triggers
Exit Point
Exit trade by hidden TP and Hidden SL
How it works EA Bluefish Engine Miner
Note:
This EA cannot be tested because it uses 2 pairs to open positions.
Simply attach the EA in 1 pair only.
