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Correlation EA MT4 – Full Input Settings Analysis
Correlation EA is a very calculated automated forex trading system that is exactly compatible with MetaTrader. It handles around 20 currency pairs together from one chart, including sophisticated functions like news prevention, trend detection, and good money management. Extremely flexible, it accommodates brokers with leverage of 1:400 or higher even with low balances from 1k. Operates day and night 24/7 without manual handling, its one-time installation makes trading a completely automatic and hassel-free process.
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Money Management
- Lots System: Fixed Lots
→ Assigns a fixed number of lots to all trades. - Starting Lots: 0.01
→ Initial lot size per trade. - Minimum Lots: 0.01
→ Minimum allowed lot size. - Max Lots Limit: 0.1
→ Maximum allowed lot size per trade.
Command Control
- Pip Step: 30.0
→ Space (in pips) between each hedge order. - Max Orders Each Pair: 10
→ A maximum of 10 orders per currency pair are allowed. - Hedging With Other Pairs: Average Limit
→ Uses average price difference between pairs to determine hedging rationale.
Set take profit
- Single Target TP: true
→ Take Profit is triggered cumulatively on the whole series of trades. - Minimum Take Profit: 30.0
→ Minimum overall profit (presumably in pips or points) required before closing. - Target Gap in $: 20.0
→ Overall profit gap (in USD) that must be met in order to trigger the closing of the trade group. - Savings From Each Order in $: 1.0
→ Minimum assumed profit for each order before accumulation with the overall target.
Market & Risk Filters
- Protect from News Events: true
→ Enables filtering of the news to avoid trading during high-impact news releases. - High Trends Avoider: Avoid Normal Trends
→ Does not trade in strong or volatile market trends. - Follow Trend Continuously: true
→ Allows the EA to follow trends if it detects strong directional signals.
Key Takeaways
- Simple Inputs: The EA has simple customs functions, with an emphasis on simplicity.
- Ideal Features: It emphasizes safety, pair selection, and development, with ideal performance.
- Low Drawdown, High Growth: Less drawdown, more growth, particularly on a 24-hour VPS, it takes advantage of market opportunities.
- Quick Recovery: There are many recovery features for users to take benefit of fast response to drawdowns, with high flexibility.
- User-Defined Adjustment: All the parameters are adjustable, with instructions and personalized set files.
- Market Safety: The EA automatically senses unwanted market conditions to avoid loss.
- Running Automatically: The EA runs automatically upon installation, operating through various market scenarios without your action.