Need EA created based on the Correlation of Currencies

MQL4 Uzman Danışmanlar

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Hi, I would like someone to develop an automated MT4 EA that works with two or more currency pairs. (I am not sure if this concept is possible). From my observations I see that closely correlated pairs like EURUSD and GBPUSD seem to move in the same direction and also move mostly at the same time.

The aim is for an EA  to track both pairs and seek out opportunities to take trades when one pair lags behind the other.   A trade is then immediately executed on the lagging pair. (Long or Short – doesn’t matter).

The lag may happen at different times with either pair.

The EA is intended to take a small amount of pips and close trade, unless it can see further pips in the trade (close trade with more pips).

The EA should have the usual adjustable parameters, including these:

1.  Lot size

2.  SL

3.  TP

4.  Use Trailing Stop (true/false)

5.  Trailing Stop

6.  Trailing Step

7.  Currency Pair 1 (select from dropdown if possible)

8.  Currency Pair 2 (select from dropdown if possible)

9.  Directly or Inversely Correlated

 

I'm not sure whether the dropdown lists can be implemented, but needs to be some way of selecting which 2 pairs to trade

The EA should also be able to seek out opportunities in negatively correlated pairs, using the same base currency. They seem to also track the same movements but in the opposite direction.

To be used on VPS and  also a Fast Feed and suitable with most brokers

The EA to be tested for performance.

 

DO YOU THINK YOU CAN DO THIS?

 

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