This EA works based at hedging strategy from two different pairs. As we know, USD/CHF pairs often runs in the opposite direction with EUR/USD. Let say USD/CHF goes bullish then EUR/USD will go bearish mostly. So this EA will open two same positions, mostly buy EUR/USD and USD/CHF in the same time. How we get profit from both positions? Usually we don’t realize that both pairs are not running with same power and same speed. Just for example when one pair is going 10 pips, the other is still going 8 pips. So, when the total profit of both positions is bigger than certain number, EA will close both positions. That’s how the EA works.
For selecting the best time to open positions, we can use the additional indicator called “correlation_v1”. This indicator measures the correlation between both pairs and when they are both in same correlation (one up and others down), EA will open positions.
Actually, I code this EA based at a commercial one that is sold as $95 or RM 350. You may check at original website http://turtle-rock.blogspot.com .
This is my first portofolio that I decide to give free. But I won’t share the source code, still you can have the compiled version (ex4).
Please use this link to download EA and the indicator in rar file.