Doctor Hedge Correlation
Doctor Hedge Correlation – is a non-standard Expert Advisor for trading on correlation and / or hedging. It allows you to work with 6 different currency pairs at the same time. Or set up one currency pair for 6 hedging/locking options with 6 exit scenarios, specifying different Options. Work in grid mode allows you to capture all the fluctuations of prices and to minimize possible subsidence. The frequency of entry is regulated by the timeframe on which the Expert Advisor is installed. Easy setup and quick testing on real ticks will allow you to test hundreds of options and combinations on correlation/hedging of currency pairs in a short period of time.
Version for Metatrader 4: https://www.mql5.com/ru/market/product/60577
1.Trading pairs setting
Symbol - currency pair
Type order - type of deal (buy / sell)
Lot - trade volume
Magic - can be set for each pair separately. Several pairs can be combined under one number.
2. Settings for closing pairs by total equity.
Magic close - pair / group number
Equity profit - as soon as the selected magic reaches the specified equity in the deposit currency, the entire grid will be closed.
In Pair 1 and Pair 2, in the "Symbol" lines, we specify two pairs: EURUSD, USDCHF under one Magic (for example, 1). Both put the trade type "buy". Go down in the settings below to "Settings close 1". Specify in Magic close - "1", in. Equity profit-the desired profit (let it be "1"). When it is reached, all transactions with Magic " 1 " will be closed. A new series will begin.
In parallel, you can configure several more pairs under different settings. Or you can specify all 10 pairs under the same Magic. If you leave the "Symbol" field empty , it will be ignored. Therefore, it is not necessary to configure all 10 pairs . You can work with one.
1. Added the start and end hours of trading. Orders for a specific magic will be opened until the equity close parameter is triggered, even if the trading time has expired.
2. Added Take Profit and Stop Loss. Controversial parameter when working with a grid. But actively asking-added. The function is not yet disabled. If you do not need it when working, set large values so that orders do not reach them.
3. Added equity control for all Users simultaneously on the account. This can be disabled by setting the value to "0".