Pair Trader Expert Advisor
This Expert Advisor trades EURUSD and GBPUSD simultaneously. The used timeframe is of no importance. Also, you can easily run this Expert Advisor on one chart, all implementation of trading is automated.
The signals of Pair Trader EA are based on analyzing of the difference of volatility of these currencies with each other. The EA considers up to 8 positions on each pair, but during the backtest we do not see more than 4-5 positions, and the EA closes profit in x% of balance that is adjustable and default is 5%.
Also, it provides the possibility to limit the maximum risk (in % of deposit) of the trade that is adjustable too, default is 20%.
If someone wants to close positions manually, he or she has to close all positions and run the EA again.
If one of the positions remains opened, it may have conflict for having extra position.
I recommend to set your balance to at least $500.
Trade volume of positions is dependant on your balance as follows:
According to the market movement, the EA can get 8 positions on each pair simultaneously.
If the balance equal or less than $500
- First Lot = 0.01
- Second Lot = 0.02
- Third Lot = 0.04
- 4th Lot = 0.08
- 5th Lot = 0.16
- 6th Lot = 0.32
- 7th Lot = 0.64
- 8th Lot = 1.28
If the balance exceeds $500
For example, if the balance is equal to $1 500.
- First Lot = 0.03
- Second Lot = 0.06
- Third Lot = 0.12
- 4th Lot = 0.24
- 5th Lot = 0.48
- 6th Lot = 0.96
- 7th Lot = 1.92
- 8th Lot = 3.84