Correlation EA V1.0 MT4 Source Code MQ4 is an intelligent trading robot that hedges positions in highly correlated currency pairs. By capitalizing on the correlation between pairs like EUR/USD and USD/CHF, it aims to profit from their movements. Over approximately one year of trading, this Forex robot achieved an impressive +1275.62% gain. Traders can customize the pairs they want to hedge and test the EA on demo accounts before deploying it live.IntroductionThe FX Correlation EA V1.3 is an intelligent trading robot designed for Metatrader 4 (MT4). Its primary goal is to hedge trading positions in highly correlated currency pairs, leveraging the correlation between these pairs to maximize profits. Let’s delve into the details:Key Features: Hedging Strategy: The EA dynamically hedges positions in correlated pairs, such as EUR/USD against USD/CHF. Impressive Performance: Over approximately 1 year of trading, this Forex robot achieved a remarkable +1275.62% gain. Flexible Compatibility: Works seamlessly on unlimited demo and live accounts. Optimized Time Frames: Performs best on M5 and M15 charts. Minimum Account Balance: Recommended minimum balance of $500. Trading Strategy: How the EA Takes Trades Correlation Pair Selection: The EA identifies highly correlated currency pairs (e.g., EUR/USD and USD/CHF). Hedging Execution: When a trade signal occurs in one pair, the EA simultaneously opens a hedge position in the correlated pair. Profit from Correlation: As the correlated pairs move in tandem, the EA capitalizes on price fluctuations to secure gains. Inputs (EA Settings): Lots: Adjust position size. Take Profit: Set profit target. Stop Loss: Define maximum loss. Symbol 1 and Symbol 2: Specify the correlated currency pairs. Magic Number: Optional identifier for tracking trades. Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.What’s in the package?Experts:Correlation Bot EA.mq4