Pairs trading EurUsd vs UsdChf
- Experts
- Nikolai Starkovskii
- Version: 1.1
- Updated: 19 May 2024
- Activations: 5
The "Pairs trading EurUsd vs UsdChf" advisor is an automated trading system based on pair trading between the EUR/USD and USD/CHF currency pairs. This EA's strategy is based on the idea that these two currency pairs often move in opposite directions, so it is possible to use their correlation for trading. The settings are set to default. Auto lot was applied and all positions were closed based on total profit (in %). When testing and trading, in the settings in the Symbols line, specify: EURUSD,USDCHF. This is an important condition for the advisor to work correctly! Working timeframe H1.
The main indicator used in this advisor is RSI (relative strength index). RSI allows you to determine whether an asset is overbought or oversold, which can serve as a signal to open or close positions.
The "Pairs trading EurUsd vs UsdChf" advisor involves opening a position on one currency pair, for example, EUR/USD, and simultaneously opening a position on the opposite currency pair, USD/CHF. Positions are closed when the total profit reaches a specified level.
This strategy allows you to reduce risks associated with changes in market prices.
The "Pairs trading EurUsd vs UsdChf" advisor is an effective tool for automated trading in the foreign exchange market and can be useful for traders who want to diversify their portfolio.
Read the article on the basics of pairs trading: https://www.mql5.com/ru/articles/13338