Fx Correlation

[pankajbhaban]

A simple currency correlation trading strategy works perfect by hedging each pair with its correlated pair which reduces risk as well exposure and whenever both the trades collective profits comes nearby close those.

I have achieved some excellent results with following pairs

EURUSD--USDCAD
GBPUSD--EURGBP
USDJPY--EURJPY

on 15 M timeframe.

 

[GazFx]

Looks good!

 

[pankajbhaban]

Yes even i would love to say trades use this strategy its simple but yet powerful, you can use its in manual trading conveniently.

One can simply buy GBPUSD at same time buy EURUSD also and wait for both combined trades to comes to certain profits say for 0.1 lot profits about 25$ and close them.

For anyone would like to get into technical of Correlation strategy its formulae, working, pairs, etc. watch video below.

 

[Enivid]

So, where is the expert advisor?

 

[pankajbhaban]

you can just google "fx correlation ea" to get it or use strategy in manual trading.

 

[sarts]

A friend of mine has purchased this EA and it doesn't do what you mention. She told me it places a buy GBPUSD and a buy EURGBP simultaneously or a sell GBPUSD and a sell EURGBP simultaneously.
I call BS on this. The drawdowns are over 55% on some accounts.