Welcome to the “Simple Correlations” EA – Buying and selling Methods – 18 November 2023

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Welcome to the “Simple Correlations” EA – Buying and selling Methods – 18 November 2023


Welcome to Your New Buying and selling Companion

Hiya and thanks for selecting our buying and selling bot! We have designed this software with a deal with simplicity and effectivity, aiming to make your buying and selling journey smoother and extra intuitive. Whether or not you are an skilled dealer or simply starting, our bot is right here to help you in making knowledgeable choices with out overwhelming you with complexity. It is all about enhancing your buying and selling expertise, supplying you with extra management, and offering insights that allow you to navigate the markets with confidence. Let’s get began on making your buying and selling course of extra simple and efficient.

Product hyperlink: https://www.mql5.com/en/market/product/108631

Particular Launch Provide: Be one of many first 20 to obtain ‘Simple Correlations’ and revel in an unique 50% low cost! This can be a distinctive alternative to leverage superior buying and selling instruments at half the worth.

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Inputs Description

Image Choice

  • Correlated Image: Select the second image for buying and selling. The primary image is the one you apply the EA (Skilled Advisor) to.
  • Reverse Correlation: Allow this if the 2 symbols have a unfavourable correlation.
  • RSI Interval: Set the RSI (Relative Energy Index) interval for each symbols.

Lot Measurement Configuration

  • Lot Measurement for Present Image: Specify the lot dimension for the first image.
  • Lot Measurement for Correlated Image: Specify the lot dimension for the correlated image.
  • Fastened or Dynamic Lot Measurement: Select between a set lot dimension for each symbols or a dynamic lot dimension primarily based on every $1000 of account stability.

RSI Distance Calculation

  • Calculation Mode: Select between mounted distance, earlier shut value, or buffer on each tick.
  • Fastened RSI Distance: Set the required distance between the 2 RSI indicators for the bot to position orders.
  • Dynamic Distance Calculation: Specify buffer dimension or interval for ‘Earlier shut value’ or ‘Buffer on each tick’. The bot calculates the usual deviation of RSI distances.

Account Administration

  • Revenue and Loss Settings: Select between absolute worth or share for commerce exit standards.
  • Income to Shut a Pair of Trades: Set a certain amount or share of account stability to shut open positions.
  • Losses to Shut a Pair of Trades: Much like earnings, outline the edge for losses.
  • Shut Trades on Reverse Sign: Allow this to shut trades when an reverse sign is detected.
  • Emergency Exit: Set a certain amount to cease the bot as a security measure.

Basic Inputs

  • Magic Quantity: Distinctive identifier for the bot, particularly necessary if working a number of bots.
  • Buying and selling Hours: Outline beginning and ending hours for buying and selling.
  • Shut All Positions Put up Buying and selling Hours: Allow to robotically shut all positions after the ending hour.
  • Place Remark: Add a remark for every place for simpler identification.

Disclaimer Please be aware that whereas our buying and selling bot is designed to help in your buying and selling choices, it doesn’t assure earnings. All buying and selling entails threat, and it’s essential to make choices primarily based by yourself judgment and threat tolerance. We don’t present monetary recommendation, and we encourage all customers to commerce responsibly. Our software is an help in your buying and selling technique, not an alternative choice to private decision-making.

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