Forex Correlation EA MT4 + SetFiles (Official version 1441+)

What is Forex Correlation EA MT4?

Correlation EA is an automated forex trading robot designed for the MetaTrader 4 (MT4) platform. It utilizes real-time correlation analysis between currency pairs to identify high-probability trade setups. By tracking how certain pairs move in relation to each other, this EA aims to capitalize on synchronized price movements for more accurate trade entries and exits. Ideal for traders seeking a data-driven strategy, Correlation EA enhances decision-making by leveraging inter-market relationships to optimize risk and boost consistency in performance.

Key Features of Forex Correlation EA

➫ Correlation-Based Strategy:

• Tracks inter-currency relationships for accurate trade signals.

➫ Customizable Parameters:

• Adjustable risk levels, lot sizes, and pair selections.

➫ Integrated Risk Management Tools:

• Stop loss, take profit, trailing stop functionalities.

➫ Historical Backtesting Support:

• Evaluate performance on past data for optimized live trading.

➫ Automated Trade Execution:

• Eliminates manual trading and emotional decision-making.

Why choose Forex Correlation EA MT4?

• mart correlation-based entries for higher precision.

• Improved trading consistency across volatile markets.

• Tailored settings for different trading strategies.

• Proven risk control features to protect capital.

• Time-saving automation for active and passive traders.

Forex Correlation EA Performance Review

• Gain: +68.81% | Max Drawdown: 54.91% | Monthly ROI: 217.24%
• Verified Performance on Myfxbook: Click here

Forex Correlation EA Myfxbook

Forex Correlation MT4 Myfxbook

Product Package Details

• Experts: Forex Correlation EA_1420+.ex4
• Presets:
  • H1_All Pairs.set
  • H1_Best Pairs.set

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How To Set Up EA

Forex Correlation EA is an automated trading robot for MetaTrader 4 (MT4) that uses real-time correlation between currency pairs to make smart, low-risk trades. Below is a concise setup guide for optimal performance and risk control.

Correlation EA MT4 setting

🔴 Lot and Risk Management Settings

• Lot System = Fixed Lots → EA uses consistent lot sizes, ideal for low-risk trading.
• Starting Lot = 0.01 → Safe for micro accounts; minimizes exposure.
• Max Lots Limit = 0.1 → Caps lot size for added protection against over-leverage.
• Risk Setting = Best Recovery (Option 4) → Balances trade recovery with safety; suitable for mild cost-averaging strategies.

🔴 Trade Entry & Exit Logic

• Stop Loss = 30 pips → Tight risk control; limits losses per trade.
• Target Profit = 20 pips → Optimized for short-term trades or scalping.
• Smart Take Profit = True → Automatically adjusts TP based on market conditions.
• Max Orders Each Pair = 10 → Supports grid/multi-entry trades per pair; avoid overtrading.

🔴 Smart Features for Safe Trading

• Protect from News Events = True → Avoids trading during major economic news.
• Market Situation Settings = True → Adapts to current market volatility.
• High Trend Avoider = Avoid Normal Trends → Only trades during ranging/sideways markets; reduces risk in strong trends.
• Max Spread Allowed = 5.0 pips → Prevents trading during high-spread periods for better execution.

🔴 Other Important Settings

• Max Slippage = 3.0 pips → Limits order slippage in volatile conditions.
• Closing Orders Conditions = Profit Based Closing + News Profit → Locks in profit and exits trades ahead of major events.
• Magic Number = 2022 → Unique ID for managing trades on MT4.
• Selected Trading Symbols = False → Manually enable desired currency pairs to control EA activity.

Conclusion

In summary, Forex Correlation EA for MT4 is a sophisticated automated trading robot engineered to take advantage of real-time currency pair correlations. By analyzing how different forex pairs move in relation to one another, this EA delivers precise, data-driven trading signals that reduce market noise and increase trade accuracy. It’s ideal for traders seeking a more intelligent, strategy-backed approach to trading, especially in volatile market conditions where standard indicators may fall short.

>>> Reviewed by Jason Stap <<<