Smart Correlation Hedge ea forex robot is a fully automated Correlation Hedge EA MT4 FREE download. It works based on the Correlation trading method. The best thing about this free forex EA is that it’s designed to work under most market conditions since it uses the correlation method.
It hedges the orders of two highly correlated instruments, so no matter in which direction the market moves, the drawdown of one instrument will be covered by the profit of the other! NEW Smart Hedge Expert Advisor opens positions on the exchange rate deviation from the general trend and closes them when they return to the correct rate.
When correlated instruments deviate from their course, the EA bets on a return to the correct course. It trades simultaneously on drum instruments with high correlation. Transactions made on one instrument compensate for the drawdown of transactions on the other instrument. Thus, it can trade fairly large volumes with relatively low risk.
The MT4 terminal does not allow multi-currency testing in the strategy tester since this EA trades according to the hedging and Correlation strategy. It cannot do backtesting.
This Correlation EA is a Fully automatic free Forex robot, but you can manually interact with this EA by using its dashboard. Also
Recommendation for Correlation Hedge EA MT4
Minimum account balance of 100$ for one instance of the EA.
Work Best on M5 and H1 Timeframe. (Work on any TimeFrame)
Work Best on AUDCAD-NZDUSD, AUDNZD-NZDUSD, AUDUSD-AUDCAD, EURGBP-GBPCHF, EURJPY-CHFJPY, EURUSD-GBPUSD, EURUSD-USDCHF, GBPUSD-EURUSD, NZDUSD-AUDUSD, USDCAD-NZDUSD, USDCHF-EURUSD, USDJPY-CADJPY, GOLD-SILVER and comes with set files for these (attached the EA in the first pair).
This EA should work on VPS without interruption to reach stable results. So we recommend running this Correlation Hedge EA on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
Low Spread ECN account is also Highly recommended