Carousel Triple Correlation EA

Carousel Triple Correlation EA is a multi-currency Expert Advisor, where when opening positions, the movements and conditions of three currency pairs are taken into account at the same time, which cannot be seen when testing in MetaTrader 4 (MT4). For testing, use the version for MetaTrader 5 (MT5): https://www.mql5.com/en/market/product/63925

Step-by-step instruction how to install, how to use, and also downloading public .set files here>>>.

Attention: this is a multicurrency EA, which trades by several pairs from one chart!  Therefore, in order to avoid duplicate trades, it is necessary to attach EA only to one chart, —> all trading in all 3 pairs is conducted only from one chart!

Carousel Triple Correlation EA uses the maximum interaction of all three currency pairs used in the set and the maximum use of the principle of correlation and hedging of all three currency pairs simultaneously. No separate trading and opening of several deals on one currency pair – only full interaction!

Carousel Triple Correlation EA uses a full interaction algorithm for all three pairs. That is:

• each trade is opened taking into account the movement and direction of all 3 currency pairs used in the set;
• then the carousel principle is connected – opening deals one by one and only one at a time, without repetition: one pair – one deal;
• profit is summed up for all open transactions, all three currency pairs used in the set.

For better understanding, I will give an example, for example, we are trading a set of these 3 pairs:

• EURUSD
• GBPUSD
• EURCAD

For example, a signal is received to open a position (GBPUSD), the next trade can be opened either (EURUSD) or by (EURCAD). Further, let’s say the deal was opened on (EURCAD). There will be no more trades on open pairs until a trade on (EURUSD) is opened. Further opening of orders will be carried out according to the same principle. That is, this principle is observed throughout the trading, the system monitors (depending on the profit / loss fixation strategy) how the orders behave and constantly supports this principle for entering the market. Profit fixation GENERAL, is calculated in total for all open transactions of all three currency pairs used in the set and works at any stage. That is, it often happens that even one order reaches the goal.

But that’s not all, we still have a great advantage – we use 3 currency pairs with direct correlation in trading at the same time. And, as a rule, directly correlated pairs move synchronously, and if the system makes a mistake when entering any pair, the next entry on another pair can already compensate for all losses on the first one, and so on. But, even if the first circle of orders (EURUSD + GBPUSD + EURCAD) is wrong or the market reversed sharply, the next circle of the carousel will be activated and, depending on the strategy used, the trade will break even.

3 different strategies have been developed for Carousel_Triple-Correlation EA:

1. Carousel_EA_Synchro.set
2. Carousel_EA_Hedge.set
3. Carousel_EA_Hedge-X2.set

What’s new in updated Carousel EA:

1. Completely rewritten the entire program code.
2. Complete rejection of the use of indicators, all calculations in trading from support and resistance levels.
3. Full interaction of the currency pairs used within the working set.
4. Maximum use of the principles of correlation of currency pairs and their hedging.
5. The order opening structure is built in such a way that it is possible to use any strategy with brokers using the FIFO rule, as well as with any American broker.
6. We start adding 10 different working sets for maximum trading diversification:

• 1_EURUSD + GBPUSD + EURCAD
• 2_EURUSD + GBPUSD + EURCHF
• 3_EURUSD + GBPUSD + GBPCAD
• 4_EURUSD + EURCAD + EURCHF
• 5_EURUSD + EURCAD + GBPCAD
• 6_EURUSD + EURCHF + GBPCAD
• 7_GBPUSD + EURCAD + EURCHF
• 8_GBPUSD + EURCAD + GBPCAD
• 9_GBPUSD + EURCHF + GBPCAD
• 10_EURCAD + EURCHF + GBPCAD

(contact me to get the actual  PACKAGE of sets).