The price-time correlation EA uses the value and direction of the price-time correlation as a basis for trade signals. Two trade strategies, Trend and Reversal, are available. In addition, four methods of computing the correlation value are provided: Pearson, Spearman, Kendall and Fechner methods. These methods are provided in the accompanying include file and are based on the MQL5 correlation indicators developed by A. Fedsov and provided with his article “Practical Application of Correlations in Trading”.
The ADX and Bollinger Bands indicator values are used as additional trade entry filters along with time of day. An open trade can be closed based on a trade signal reversal.
This EA uses the H1 EURUSD chart and is tested from Jan 2010 thru July 2019.
This correlation based trading strategy is robust and works well across several currency pairs and over large time periods, as far back as 2004.
Indicator Bears and Bulls Power for MT4 together in one separate window.TraderToolEA
TraderTool is a tool/panel that will help any trader to perform trades quickly and easily. The product has been developed with user-friendliness and ease of use in mind. It has the ability to manage multiple types of orders, either placed by an Expert Advisor or manually. It also allows you to place orders in a single click. For more informations, you can visit the product's page: https://www.mql5.com/en/market/product/9509