• Overview
  • Reviews (13)
  • Comments (99)
  • What's new

Correlates EA Free

The Expert Advisor implements the classic idea of correlating of EURUSD and USDCHF currency pairs.This allows, when opening a position, to protect it by simultaneously opening a position on a correlating currency pair. With a high level of correlation and a reasonable money management, this approach makes it possible to avoid large drawdowns of the trading account.

The presence of the DD parameter, which performs the StopLoss function, helps to keep the drawdown at a comfortable level for the user.

When the level of correlation of currency pairs changes, additional positions are opened, what provides additional security for trading.

It is necessary to understand that testing this strategy in the MetaTrader4 tester is impossible, since the work is carried out simultaneously on several instruments, while the tester makes it possible to test only one trading instrument at a time.

For the advisor to work correctly, the quotes of EURUSD and USDCHF are needed in the "Market Watch" window of the MetaTrader4 trading terminal. To do this: right-click in the window "Market Watch" - Show all.After that, you need to drag the Correlates EA Free to the chart of one of anycurrency pair. If the power of the computer is very limited, leave in the "Market Watch" window only EURUSD and USDCHF currency pairs.


TimeFrame - H1.

Trading terminal - MetaTrader4.

Minimal recommended deposit - $500 for 0.01 lot.

Minimal recommended account leverage - 1:500.

Parameters - default.

But you can experiment, if you wish.

Popular scalping Expert Advisor: SZ Scalper

Our new Expert Advisor for metals and indexes: Metal Index Boxer Pro


  • AutoLot - can be true and false. If true, the EA chooses the lot size for trading depending on the balance.
  • Lots - lot size is set by the user, if the value of AutoLot is false.
  • Risk - part of the deposit in % used for automatic calculation of the lot.
  • DD - maximum allowed drawdown, when reached all positions are closed. Performs the StopLoss function.
  • CorrelationPeriod - the number of candles of the current timeframe to calculate the correlation.
  • TakeProfitInPercents - take profit in % of the account balance.
  • MinimumCorrelation - minimum correlation value in % for opening positions.
  • CorrelationStep - change in the correlation of currency pairs for which positions have already been opened, in % for opening additional positions.
  • LotMult - lot multiplier for the following opened positions.
  • BrokerPrefix - if your broker uses prefix in currency names, like "fx", type it in parameter's field, otherwise the error "zero divide" will be displayed.
  • BrokerSuffix - if your broker uses suffix in currency names, like ".pro", type it in parameter's field, otherwise the error "zero divide" will be displayed.
  • EAMagic1....EAMagic2 - "magic numbers" that allow the advisor to work only with it's positions. Must have different values.

I would be grateful for your positive feedback and ratings - it inspires me to further improve the strategies of my advisors.

RIZA DOEK 2020.04.03 14:48 

Thanks for sharing!!

Petr Prohorow
Petr Prohorow 2020.02.12 11:59 

в тестере льёт.гавно полнейшее

Xinliang Li
Xinliang Li 2020.02.12 00:28 

very good

Wichai Chomvijit
Wichai Chomvijit 2019.12.15 04:37 

Thank you for shared

jivan72 2019.11.25 18:17 

I'm using Correlates EA Free from few weeks on a demo account and I like it. Low DD thanks to the correlation and so far always earnings.

This EA can be used only with EURUSD/USDCHF, I hope will be possible to have it also for other correlated currency pairs (Evgeniy told me that for other correlated pairs results are not so stable).

Thanks to Evgeniy for the great support via PM and for making these EAs available for free. Keep up the great work!

Qun Li
Qun Li 2019.08.20 05:04 

very good

Ngoc Nguyen
Ngoc Nguyen 2019.03.30 23:20 

Thank you

Matthew Todorovski
Matthew Todorovski 2019.03.26 08:52 

A FREE product that works better than most expensive robots!

Truly, developers of successful robots DO NOT ASK FOR SALE MONEY! ie. the higher the cost of a robot, the less likely it will work.

markus okippo
markus okippo 2019.03.23 10:57 

Love this free EA

Aleksandr Tamonin
Aleksandr Tamonin 2019.03.15 11:34 

AUDUSD и NZDUSD хорошо коррелируют. Хороший советник.

Raskep 2019.03.06 14:09 

good free ea! nice help from creator

Victor Manuel Valderrama Zamora
Victor Manuel Valderrama Zamora 2019.02.26 01:53 

User didn't leave any comment to the rating

philippe germain
philippe germain 2019.01.27 14:40 

Interesting trading using correlation!

DD under control .

Not lot of trades but winning trades for the three last months.

Until now one of the best free ea and better than almost expensive ea sold here!

Negative point is that you will earn each time just a few pips!

No risk, no gain.This is the Forex rule!

This ea can open several baskets so be careful to have enough deposit.Can become dangerous for deposit.

Version 1.24 2019.03.29
According to tests of MT5 version of the EA were changed:
1. Enter points.
2. Default parameters.

Update is IMPORTANT!

Attention! If you use VPS from mql5.com, for update you need to wait until all positions of the EA on your account are closed.
Version 1.21 2019.01.15
Code was optimized.


For update to version 1.21 there must NOT be any orders on your account, opened by previous version of Correlates Free.