Forex Correlation EA 2024 v24.1 - Correlation + Hedging for Maximum Profits
Correlation EA 2024 v24.1 is an MT4 forex robot based on the correlation of currency pairs and their subsequent hedging, which should reduce the risks of possible losses. It is enough to install the EA only on one chart, and it can trade on 20 pairs at the same time (set in the settings). Correlation EA certainly deserves attention with its profitable trading and history tests.
Сharacteristics of the Hermes EA
- Platform: Metatrader4
- EA version: 24.1 updated for 1422+ build MT4
- Currency pairs: 20 pairs - EURUSD, USDJPY, GBPUSD, USDCHF, AUDUSD, USDCAD, EURCHF, EURGBP, EURJPY, EURCAD, EURAUD, GBPJPY, GBPCHF, GBPCAD, GBPAUD, AUDJPY, AUDCHF, AUDCAD, CHFJPY, CADJPY
- Trading Time: Around the clock
- Timeframe: H1
- Minimum deposit: $1000 (or 1000 USD cents)
- Recommended broker: Roboforex, XM, FBS
How does it work?
Having installed the EA on the chart and observed its work, everything becomes clear - the correlation of the EA is to open a trades in two directions at once (Buy and Sell), with the subsequent increase of the lot using the Martingale method:
This, in my opinion, is a very primitive trading algorithm that will sooner or later ruin your deposit. But in order to prevent this from happening too quickly, the Expert Advisor fixes losses, not allowing the complete loss of the entire account capital, and this is certainly a plus. This trading strategy will work well and even bring profit in a weakly volatile market or in a prolonged sideways price movement. As soon as the price starts to break at least weekly minimums and maximums (not to mention gaps), losses will be incurred. In general, with this EA you need to keep your hand on the pulse and timely withdraw profits, thereby insuring your account.
At the same time, the Expert Advisor will also manage other people's orders from other Expert Advisors (the magic number does not work), so it is better to install it alone on a separate MT4 terminal.
Backtests
Since MT4 terminal does not support multi-currency testing, we will not be able to make any test close to reality. But I have a version of the Expert Advisor for MT5 and this version will give us a picture of the historical trading performance of this Expert Advisor. However, testing takes a lot of time, so I made a test on a short piece of history:
EURUSD, H1 (2023.01.01 - 2024.02.26)
As it follows from the test, the Expert Advisor can indeed be profitable. But of course, such a short interval is not enough to judge its reliability in the long term.
Here is a video from the seller testing this Expert Advisor, take a look:
Final conclusions and recommendations
Forex Correlation EA 2024 v24.1 can indeed be profitable under certain conditions (moderate risk, low volatility market, timely withdrawal of profits), but you will need a VPS, because even with short disconnections of the terminal from the network, the EA can experience significant drawdowns, as it happened to me when I turned off the terminal for one night:
So be sure to use this trusted VPS.
Unfortunately, I do not have a working version of this EA for real accounts at the moment. But the way out is to use Copies Orders from MetaTrader, which will allow you to automatically copy orders from a demo account where Correlation EA is installed to a real trading account. This software will allow you to copy not only the orders themselves, but also their Stop Losses and Take Profits. Use it and may the profit be with you!
In the archive Forex_Correlation_EA.rar (1.03 M):
- Correlation EA 24.ex5
- 1k fast set.set
- 1k set.set
- 3k fast set.set
- 3k normal.set
- Correlation 2024 v.24.1.ex4
Free Download Forex Correlation EA 1422
