This is a Multi currency brain forex robot where several currency pairs interact simultaneously in trading, which is impossible to see when testing in MT4. For testing, use the version for MT5:
Hedging two correlation pairs.
It uses the correlation of interacting pairs (both direct and inverse).
It takes into account the strength of each currency in each direction.
It applies multidirectional strategies (Breakout – Rebound).
How it works:
Multi-Currency_BRAIN in trade uses 4 different Ligaments (8 completely different currency pairs), with 2 Ligaments being directly correlated, and 2 inversely correlated for maximum diversification. Even the factor that each currency pair moves up and down with different forces is taken into account. That is, upward and downward trends (their strength and movement itself) for each currency pair are DIFFERENT. Therefore, it is wrong to use the same parameters for BUY and for SELL orders of the same currency. In Multi-Currency_BRAIN, this is all taken into account.
It is not typical for most hedging strategies and that the Multi-Currency_BRAIN enters the market not on two currency pairs at the same time, but only on one currency pair from Ligament, and only on a specific signal. A hedging order will open only if the open position goes into minus. And then there is already interaction of two open orders in the Ligament and the overall result on this Ligament will be taken into account, for further actions: either profit fixing, or search for entry, also for only one currency pair from the Ligament.
In addition, the conditions for entering the market for each type of order of each currency pair are selected so that they are multidirectional in order to diversify all risks to the maximum. That is, if the currency in one of the Ligament uses the Rebound strategy, then the same currency, but in the other Ligament, will trade on the basis of Breakout. And if we take into account the fact that differently correlated bundles are used, as well as the fact that the positions in the Ligament, for each pair open in different types, this should not give us similar positions in the same direction on the same currency.
With default settings, the EA will trade 8 pairs: GBPJPY, EURUSD, EURJPY, GBPUSD, GBPAUD, NZDCHF, EURNZD, AUDCAD (minimum deposit with default settings: $ 500).
Set-N2_for Multi-Currency_BRAIN – additional 8 pairs: USDCAD, CADJPY, AUDJPY, CADCHF, USDCHF, EURCHF, EURAUD, AUDCHF.
Set-N3_for Multi-Currency_BRAIN – additional 8 pairs: USDJPY, CHFJPY, GBPCAD, GBPCHF, AUDNZD, NZDUSD, EURGBP, GBPNZD.