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Netsrac Correlation Trade Indicator MT5 Free

5
The Netsrac Correlation Trade Indicator (NCTI) was created to trade correlations between different assets. NCTI offers five different strategies to do this.
  • Five different correlation trading strategies with two or three assets
  • Fast access your assets with one click via asset buttons
  • Your profit/loss at a glance
  • Configurable alerts via screen or mobile

You can use the indicator with every timeframe. Higher timeframes give fewer but better signals.

If you have some questions or suggestions - please feel free to contact me. To better understand the controls and the principle behind the indicator, please read the blog entry at  https://www.mql5.com/en/blogs/post/739727.

This is the free version of the NCT Indicator. It can be used with EURAUD as first or second asset only!
If you want to have a overview to all correlations, look at my Correlation Dashboard (for MT4 only at the moment).

How to use the indicator (Short explainer)

1. Search for correlated pairs (you can do that easily with my Correlation Dashboard (for MT4 only at the moment) or with some Internet correlation tools (eg myFXbook)
2. Install the indicator on one chart
3. Add the second (and third for ThreeLeg strategy) correlated pair
4. Configure Alerts
5. Wait for signals from the indicator - if the indicator suggest a trade, look for good entrys and do the trade ...

Don´t forget to read my blog entry at   https://www.mql5.com/en/blogs/post/739727.


Reviews 2
TsteF
24
TsteF 2024.06.30 17:37 
 

very good

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The intention of the dashboard is to provide a quick overview of the daily, weekly and monthly range of configured assets. In "single asset mode" the dashboard shows you possible reversal points directly in the chart, thus making statistics directly tradable. If a configured threshold is exceeded, the dashboard can send a screen alert, a notification (to the mobile MT4) or an email.  There are various ways of using this information. One approach is that an asset that has completed nearly 100% of
Netsrac SuPrEs
Carsten Pflug
5 (1)
The SuPrEs indicator indicates the distance to the next horizontal line whose name begins with the configured prefix (see Options). usage Draw support & resistance in the chart and let the indicator warn you, as soon as a configured distance is undershot. Use the prefix to provide alarms for other lines as well as standard lines (see screenshot with pivot indicator). Display of the indicator The indicator displays the distance to the next line above and below the current (Bid) price. Not mor
FREE
Netsrac Correlation Trader (NCT)   is a very powerful tool to trade positive and negative correlated currency pairs with hedged orders.  NCT is doing many things for you: 1) It looks for positive and negative correlated pairs 2) It shows you a signal, if the correlated pairs are not in balance 3) It can "autotrade" some or all correlated pairs with your setting of time frames and signal-values (handle with care) 4) It can set the correct lot size to have pip value and daily range based opti
FREE
The dashboard should help to get a quick overview of the correlations of different assets to each other. For this, the value series are compared according to the Pearson method. The result is the value of the correlation (in percent). With the new single asset mode, you can immediately see which symbols have the highest positive or negative correlation. This prevents you from accidentally taking a risk on your trades with highly correlated symbols. Usage There are different methods for the corre
FREE
The intention of the dashboard is to provide a quick overview of the daily, weekly and monthly range of configured assets. In "single asset mode" the dashboard shows you possible reversal points directly in the chart, thus making statistics directly tradable. If a configured threshold is exceeded, the dashboard can send a screen alert, a notification (to the mobile MT4) or an email.  There are various ways of using this information. One approach is that an asset that has completed nearly 100% o
FREE
With the SR Dashboard, you get a powerful tool to control some of the most important information in trading. Assemble a setup according to your strategy and get informed as soon as this setup is valid. Assign scores to defined conditions and let the Dashboard find them. Choose from Trend, Average Daily Range, RSI, Moving Averages, Pivot (Daily, Weekly, Monthly), Highs and Lows, Candlestick Patterns. Note: This indicator is the free version of the Netsrac SR Dashboard. This version only support
FREE
The Netsrac Correlation Trade Indicator (NCTI) was created to trade correlations between different assets. NCTI offers five different strategies to do this. Five different correlation trading strategies with two or three assets Fast access your assets with one click via asset buttons Your profit/loss at a glance Configurable alerts via screen or mobile You can use the indicator with every timeframe. Higher timeframes give fewer but better signals. If you have some questions or suggestions - plea
FREE
The dashboard should help to get a quick overview of the correlations of different assets to each other. For this, the value series are compared according to the Pearson method. The result is the value of the correlation (in percent). With the new single asset mode, you can immediately see which symbols have the highest positive or negative correlation. This prevents you from accidentally taking a risk on your trades with highly correlated symbols. Usage There are different methods for the cor
With the SR Dashboard, you get a powerful tool to control some of the most important information in trading. Assemble a setup according to your strategy and get informed as soon as this setup is valid. Assign scores to defined conditions and let the Dashboard find them. Choose from Trend, Average Daily Range, RSI, Moving Averages, Pivot (Daily, Weekly, Monthly), Highs and Lows, Candlestick Patterns. Note: This indicator cannot be used in the Strategy Tester. The demo version here from the marke
Netsrac Correlation Trader
Carsten Pflug
4.67 (12)
Netsrac Correlation Trader (NCT) is a very powerful tool to trade positive and negative correlated currency pairs with hedged orders.  1) It looks for positive and negative correlated pairs 2) It shows you a signal, if the correlated pairs are not in balance 3) It can "autotrade" some or all correlated pairs with your setting of time frames and signal-values (handle with care) 4) It can set the correct lot size to have pip value and daily range based optimal hedge trades 5) It can be your
The Netsrac Correlation Trade Indicator (NCTI) was created to trade correlations between different assets. NCTI offers five different strategies to do this. Five different correlation trading strategies with two or three assets Fast access your assets with one click via asset buttons Your profit/loss at a glance Configurable alerts via screen or mobile You can use the indicator with every timeframe. Higher timeframes give fewer but better signals. If you have some questions or suggestions - ple
Netsrac "Supply and Demand Easy" is a small but highly specialized tool for quickly finding supply & demand zones without frills. It shows the next supply and demand zone in the current timeframe. Highly efficient and fast. Works perfectly with the Netsrac "Supply and Demand Dashboard" (https://www.mql5.com/en/market/product/96511 ) Controls Variable Description (SD01) Supply color Set your color for supply zones (default is LightCoral) (SD02) Demand color Set your color for demand zones (defa
The Netsrac Supply&Demand Dashboard shows you at a glance where relevant zones are located on your favorite assets. Open your chart directly from the dashboard and trade zones that really matter. Features Finds the next relevant supply and demand zone and displays the distance to this zone (in pips) Finds and displays the zones in three different timeframes Calculates a trend indicator for the current and past candle for each configured time frame Opens a chart with your chart template direct
The Netsrac Correlation Trade Indicator (NCTI) was created to trade correlations between different assets. NCTI offers five different strategies to do this. Five different correlation trading strategies with two or three assets Fast access your assets with one click via asset buttons Your profit/loss at a glance Configurable alerts via screen or mobile You can use the indicator with every timeframe. Higher timeframes give fewer but better signals. If you have some questions or suggestions - pl
With the SR Dashboard, you get a powerful tool to control some of the most important information in trading. Assemble a setup according to your strategy and get informed as soon as this setup is valid. Assign scores to defined conditions and let the Dashboard find them. Choose from Trend, Average Daily Range, RSI, Moving Averages, Pivot (Daily, Weekly, Monthly), Highs and Lows, Candlestick Patterns. What can you do with this tool? Use the dashboard as a powerful tool for your discretionary trad
THE flexible Expert Advisor for Custom Trading Strategies in MetaTrader 5 The Netsrac TradeAid expert is a powerful tool for traders looking to develop their own trading strategies in MetaTrader 5. With this expert advisor, you can combine a variety of technical indicators and trading rules with a simple "If This (AND This...) Then That" logic to create tailored trading strategies that match your individual preferences. You don´t need any knowledge in MQL5 coding language to build your own exper
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TsteF
24
TsteF 2024.06.30 17:37 
 

very good

Aleksandr Tamonin
4107
Aleksandr Tamonin 2021.01.24 17:39 
 

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Version 2.20 2021.06.03
- fixed an error in displaying suggested trading direction
Version 2.10 2020.09.21
- small fix on button function
Version 2.0 2020.09.18
- completely redesigned version 2.0
- five different trading strategies
- fast access to the traded assets via buttons
- profit labels to get a quick overview
- and much more ...