EA strategy with correlation between currency pairs

MQL5 Experts

Job finished

Execution time 1 day
Feedback from customer
Attention! This is a special developer. You will not regret it. Very Good! And the better, the communication was in Portuguese.

Specification

I am studying the correlation between currency pairs, and would like you to do an EA for me, preferably in MQL5, but if you prefer can be a MQL4 .

I would like to see in practice a system using a strategy of correlation. How to work a system based on this idea? Nothing like an EA to we analyze this possibility. :)

Within my the point of view as layperson, I think it is a simple system, from what I've read, especially in MQL5, which has this peculiarity in the language engineering  in relation to the use of currency pairs in different strategies.

The system would be run daily (TIMEFRAME D1 TO OPEN ORDER), starting and closing business operations within schedule determined by the trader. 
In the Sunday the EA should not work in the sunday, in the opening and closing of market.

Should also have a parameter specified time to close the trade on Friday.

Parameters 

StartTimeDaily: 00:00 (time of the broker)
EndTimeDaily: 00:00 (time of the broker)
EndTimeFriday: 00:00 (time of the broker)

To set the direction of trade (Buy or Sell), we use a single indicator, SEMAFORO SIGNAL!

Rules  to open  orders Sell or Buy  of the main currency pair in time determined by the parameter StartTimeDaily: TO WORK IN TIMEFRAME D1 TO RUN ORDER IN THE MAIN CURRENCY PAIR 

BUY ORDER TO MAIN CURRENCY PAIR
After painting signal DOWN of SEMAFORO, at the time determined by the parameter StartTimeDaily, all orders from the main pair are long orders.

SELL ORDER TO MAIN CURRENCY PAIR  
After painting signal UP of SEMAFORO, at the time determined by the parameter StartTimeDaily, all orders from the main pair are short orders.

NOTE: EA only opens trading orders for the main pair and pair correlated if the orders that were opened by the EA were closed during the day.

Rules to open orders Sell or Buy  in  pair currency correlated

1. There will be a parameter to determine whether the EA will open orders to pair correlating 
CorretionRun: True or False
If False,  EA only opens orders in the main currency pair

2. If True, EA opens orders to main pair and pair correlated. I put the EA to work on the graph of the pair main, when the EA  enter with an order to trade this currency pair main, the EA automatically enters with an order to trade in the pair correlated that can be  in the same direction or opposite direction.
For this purpose would be two parameters:

Paircorrelation: (here I select the currency pair to correlate with the main currency pair
DirectionOrder: here will be accepted two values​​, 0 or 1

ZERO - the EA will open an order of this currency pair chosen in the same sense of order that open the main pair.

ONE - the EA will open an order of this currency pair chosen in the opposite order that open the main pair

The pairs to be used for correlacinamento will be:

AUD/USD
EUR/AUD
EUR/CHF
EUR/GBP
EUR/JPY
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAG/USD
XAU/USD

Rules for the closing of the orders with Profit.

1 - To close Orders will be set two parameters :

1.a - TakeProfitDayEnd : This parameter is a Percentage value about the free margin of the account balance of the broker.

1.a.1 - The trader puts a percentage value in this parameter,  so is determined a time by parameter EndTimeDaily or EndTimeFriday,  if there is a positive profit between the main pair and pair correlated in this percentage or higher about the free margin of the broker account, the EA closes the daily position in the determined time.

1.a.2 - If there is a smaller profit or negative between the main pair and pair correlated than the percentage this parameter about the free margin of the broker account,   the EA WILL NOT CLOSE position daily.

1.b - TakeProfitFull : This parameter is a Percentage value about the free margin of the account balance of the broker. Regardless of the time set in parameter ndTimeDaily or EndTimeFriday, profit is reaching this percentage about the free margin of the broker account , the EA closes daily positions immediately. The next trading orders will only will be open the next day at the time set by parameter StartTimeDaily.

2 - The trade position of principal and correlating currency pair  only be closed when  there is positive profit established by TakeProfitDayEnd or TakeProfitFull parameters, and there isn't profit, the positions will remain open as long as necessary, in consequence , while doesn't close these orders, the EA doesn't will open more no order.

Rules for Stop Loss.
The Stop Loss is defined by a percentage about the free margin of the broker account.
After opening trade order, according percentage defined in Stop Loss parameter by user, with basis in volume size, the EA will calculate the price to put in the chart. This calculus will be placed also in the trade order of the correlated currency pair.
Ex:
Stop Loss: 3 (3% about free margin)
Volume Size: 0.10 (identified by EA)
Free Margim : 10000 (identified by EA)

If Main Pair is the EURUSD and correlating pair is the USDJPY.

The distance of the stop loss will be calculated in PIP.

To EURUSD
10000 * 3 = 300
whereas one PIP is around 0,10 (10 cents), this value is calculated internally by EA, then the monetary value to volume size is 0,10 (cents)/0.10 = 1,00

So 3% in pips are 300 PIP ( (10000*3%)/1,00) = 300 Ticks

If trade order was in the price 1.34560, the SL to Sell is equal 1.37560 or to Buy is equal 1.31560 . 

To USDJPY
1000 * 3 = 300
whereas one PIP is around 0,10 (12 cents), this value is calculated internally by EA, then the monetary value to volume size is 0,12 (cents)/0.10 = 1,20

So 3% in pips are 300 PIP ((10000*3%)/1,2) = 250 Ticks

If trade order was in the price 92.500, the SL to Sell is equal 95.000 or to Buy is equal 90.000

Note:
1.  When closes the main par or the correlated pair, both pairs will be closed.
2. THIS IS IMPORTANT: as are two orders opened, if the sum of both is equal to the Stop Loss parameter percentage, no matter if the prices of Stop Loss of EURUSD and USDJPY didn't was reached, the EA closes both orders. 
3. Closing the Stop Loss orders, the EA only will open new orders the next day, unless it is on the Sunday, in this case the orders will open on the monday.

Rules for Determining the Size Volume Currency Pair Main. 
We will use only two parameters: 
PercentageRisk: 
TicksLimiter: 

Here we will have the maximum volume size that EA may apply in a trading operation in the main currency pair . 
This calculation is performed about the free margin of broker account, in this example the values ​​above, the EA will calculate the volume size about the free margin of 5% the ratio of  400 PIPs 
Independent of any main currency pair,  we will always consider that the monetary value of ONE PIP (tick) is 0.10 (10 cents), this is an immutable value. The free margin is identified automatically by the EA. 
How will the calculation: 
PercentageRisk: 5% 
TicksLimiter: 400 
Free Margin: 10500 (identified by the EA with the broker) 
ONE PIP Value: 0.10 (immutable value) 
Formula: [(PercentageRisk * Free Margin) / TicksLimiter] * Value ONE PIP 
         [(10500 * 5%) / 400] * 0.10 = 0.13 

The volume size of this operation will be 0.13 

Volume Size to Currency Pair Correlated

Will be defined by a multiplier value , we call this parameter of MultiplierVolumeSize_to_Pair Correlation

Example:

Correlation MultiplierVolumeSize_to_Pair: 1.5

EA will multiply the volume size 0.13 by 1.5, then the volume size of the correlated pair is 0.19 


Below,  an example with theoretical images with the following parameters:

Opened Order - Parameters
StartTimeDaily: 00:01 (start monday, it doesn't work in the sunday)
EndTimeDaily: 23:59  
EndTimeFriday: 19:00
BarLeft: 25
BarRight: 2
CorretionRun: True
Paircorrelation: USDJPY
DirectionOrder: 0 (the EA will open an order currency pair correlated chosen in the same sense of order that open the main pair)

Closed Order - Parameters
TakeProfitDayEnd: 5 (5% free margin)
TakeProfitFull: 10 (5% free margin) 
StopLoss =10 (5% free margin)

Volume Size:
PercentageRisk: 5%
TicksLimiter: 100
MultiplierVolumeSize_to_Pair Correlation: 1.2

Values identified by EA - This parameters aren't defined by user
TO WORK IN TIMEFRAME D1 TO RUN ORDER IN THE MAIN CURRENCY PAIR 
Main Par: EURUSD
Margem Livre: 2000

Value One PIP: 0,10

 

IMAGE 1 

IMAGE 2 

 

Other example equal image 1, but with a Signal Down to open order: 


 


 

Responded

1
Developer 1
Rating
(64)
Projects
145
46%
Arbitration
21
38% / 24%
Overdue
32
22%
Free
2
Developer 2
Rating
(90)
Projects
159
61%
Arbitration
40
18% / 63%
Overdue
70
44%
Free
3
Developer 3
Rating
(511)
Projects
978
74%
Arbitration
27
19% / 67%
Overdue
100
10%
Free
Published: 1 article, 6 codes
4
Developer 4
Rating
(195)
Projects
395
28%
Arbitration
155
20% / 52%
Overdue
112
28%
Free
5
Developer 5
Rating
(82)
Projects
150
29%
Arbitration
9
44% / 11%
Overdue
46
31%
Free
6
Developer 6
Rating
(18)
Projects
37
43%
Arbitration
6
17% / 50%
Overdue
17
46%
Free
7
Developer 7
Rating
(7)
Projects
15
47%
Arbitration
6
33% / 17%
Overdue
4
27%
Free
8
Developer 8
Rating
(15)
Projects
18
61%
Arbitration
4
0% / 100%
Overdue
8
44%
Free
9
Developer 9
Rating
(1)
Projects
1
0%
Arbitration
0
Overdue
0
Free
10
Developer 10
Rating
(73)
Projects
257
53%
Arbitration
16
50% / 38%
Overdue
83
32%
Free
11
Developer 11
Rating
(54)
Projects
164
43%
Arbitration
43
47% / 16%
Overdue
58
35%
Free
Published: 1 code
Similar orders
Its my analyisis 30 - 100 USD
Title: MT5 Expert Advisor (Trading Bot) Development: SMA/EMA + Smart Money Concepts Strategy Description (सीधा कॉपी-पेस्ट करें): I am an experienced trader and need a developer to build a custom trading bot (Expert Advisor) for MetaTrader 5 (MT5). My trading background: Strong knowledge of SMA and EMA (trend and crossover strategies) Full understanding of Smart Money Concepts (order blocks, liquidity, market
I am looking for an MQL5 developer to independently review an existing EA’s execution and position management logic. The review should focus on duplicate orders, trade isolation by symbol and magic number, broker price and volume constraints, error handling, and recovery after a terminal restart. This order is for an audit report. Please do not modify the source or change the trading strategy. For each finding
Hello, I need a custom Expert Advisor (EA) for MetaTrader 5 that implements a specific trend-following and reversal strategy using trailing pending orders. Here is the exact logic I need: 1. Initial Entry: The EA should open a Market BUY position (or I can open it manually, please include an option for both). 2. Trailing Sell Stop: As soon as the BUY position is open, the EA must place a SELL STOP pending order at a
i have back test video of exe5 file and need to develop ea mql mt5 source file experienced developers needed...i send video who are interested.... this is not martingale method
I’m looking for an experienced developer to build a fully automated XAUUSD scalping EA for MT5. Requirements: * Fast entries targeting small, profitable moves after trading costs. * Configurable fixed-target and trailing-stop modes. A $1 gold price move can trigger profit protection instead of closing the trade. * Once the profit trigger is reached, move the stop to cover costs and lock in a small net profit, then
I want to create an EA that will take trades according to a trading zone condition. The logic will start with the identification of a trading zone for BUY and SELL in the EA. After the trading zone has been identified, then the EA will use the current time frame prices to determine if the market will be a BUY or SELL. The market will be a BUY if the low price range goes above the lowest price after the installation
I have an existing compiled MT5 Expert Advisor (.ex5) for XAUUSD scalping. I need a developer to build a bridge that connects my existing EA to a broker’s FIX API, allowing its trading signals to execute orders directly through FIX instead of the standard MT5 trade server. I do not need a new trading strategy or a new EA. Please confirm whether this is technically possible without the EA source code, and explain your
I am looking for an experienced MQL5 developer and trader to develop a non-repainting scalping indicator for MT5 , designed for the M5 and M15 timeframes. Instruments I Trade: GainX 400 GainX 600 PainX 400 PainX 600 My Main Requirement: Signal Accuracy I do not need another basic indicator that simply displays BUY/SELL signals with Stop Loss and Take Profit levels. I already have several indicators, but their signals
Project Description: I need an MQL5 Expert Advisor built based on a precise Smart Money Concepts (SMC) multi-timeframe strategy. The bot must analyze the 1-Hour chart for institutional bias and execute trades on the 3-Minute chart following strict structural rules. 1. Inputs & Parameters (Customizable) - Risk Model: Fixed dollar risk of $20.00 for every $100.00 of account balance (20% per trade for personal capital
Hello, I want to create a custom Expert Advisor (EA) for MetaTrader 5 based on 3 main confirmations: Market Structure & Price Action: Identify high time-frame trend direction (HL/LH). Chart Pattern: Detect classic continuous/reversal patterns (e.g. Cup and Handle, Double Bottom/Top) on trading timeframe. Volume Profile (PoC): Confirm entry when price breaks/retests the Point of Control (PoC) level. Risk Management &

Project information

Budget
45 - 50 USD