This utility for MT5, for MT4 you can get here.
This utility can not only be used to get information about correlation and information about the Average Daily Range (ADR) for all 28 forex instruments, it can also be used to open orders on pairs that are currently correlating. So this utility act as tool to help trade manually.
If you will open positions, it is easy by clicking on the correlation button. If the positions is open, the color of the button will change to active color, indicating that there is an active positions. To close positions, click on the button again. You have to set volume in input parameters firstly.
Another feature as a support is there is a button "Close All Positions" which is used to close all orders that are currently running. There is also a minimize display button to hide the correlation table. And finally there is the exit button to remove Expert. New feature, it is equipped with a signal that will blink when a signal appears.
- Expert name
- Expert version
- Expert developer
- Expert setup
- Money management
- Risk in percentage terms
- Volume in lots if money management false
- Bar counted to calculate correlation
- Correlation calculated by
- Correlation level
- Bar counted to ADR on PERIOD D1
- color of symbol
- color of table
- color of button
- color of active trade
- color of positive correlated
- color of positive not correlated
- color of negative correlated
- color of negative not correlated