Intraday trader is a profitable Expert Advisor, it uses re-entry technique and trades during the trend. To determine the market entry time, it uses filters, including the calculation of trade zones, implemented in TradeZones indicator.
Take Profit - Take Profit;Stop Loss - Stop Loss;Lot Type - Lot type (Fixed or variable);Risk(%) - Risk percent (used in trading with variable lot);Fixed Lot Size - Fixed lot size (used in trading with fixed lot);Сoefficient 01 - Coefficient 1;С
The Expert Advisor alows to calculate the statistical correlations (Pearson linear correlation) between the specified symbols. The results can be represented in 3 variants.
1st variant – statistical correlation between 20 symbols. It shown as a table and looks as follows:
2nd variant – correlation between 2 symbols, depending on price type and timeframe:
This indicator shows trade zones of the "bulls" and "bears". The use of this indicator with additional filter provides the excellent re-entry into the market.
When indicator's value=1, open long positions only, if indicator's value=-1, open short positions only.
Type analysis - Type of analysis (Type1 or Type2);Length analysis - Length of the interval for the analysis;Averaging period - Averaging period;Color of a line - line color, for example, clrMaroon; Line width - line