
Explore the anti-correlation concept using a two-pair hedging approach, going long on one pair and short on the other based on RSI, with cost averaging managed by a multi-symbol EA.
Learn to set up anti-correlation multi-symbol expert advisor in MQL5, defining symbols (eurusd and usdchf) on a 15-minute frame, slippage, and initialization with on tick and on new bar handling.
Include C trait class and create trait objects to manage trades, then attach expert advisor, set expert magic number, and initialize symbol data and symbol price tuples in loop.
configure a 14-period rssi input group with symbol-specific handles for EURUSD and USDCHF, to gather RSI values for entry signals in the expert advisor.
Count and regulate trade traits with two functions, num_traits and total_traits. Iterate positions, match symbol and E metric and position type via index, and increment when criteria align.
Set risk inputs for the anti-correlation multi-symbol advisor by tying balance increase and volume increase to scale lot sizes with account balance, while standardizing lot sizes across symbols.
Generate buy and sell signals with RSI crossing 30 and 70, implement buySignal and sellSignal functions, and create comment arrays for f buy, f sell, c buy, and c sell.
Create two MQL5 entry functions for a multi-symbol anti-correlation strategy, validating trade counts and placing paired buy or sell orders using symbol, index, and prices.
Create a next entry price function for cost averaging in a multi-symbol MQL5 expert advisor, using pip-based trade distance and price points to buy on dips and sell on rallies.
Create a next entry lot function in MQL5 that increases lot sizes for cost averaging trades, starting at 0.01 and growing with same-type entry, using symbol, magic, and existing positions.
Implement two cost averaging functions to enter buy and sell trades at the next entry price on buy or sell signals, using ask, bid, symbol, and index.
Create and initialize cost averaging trading logic in an expert advisor, using trail pip triggers, total lot and price tracking, and break-even, position-weighted averages for single and cost averaging trades.
Add a trailing stop loss to the expert advisor by computing current stop loss, take profit, and open price, then loop through positions and adjust stops based on price movements.
Add a maximum drawdown feature to the anti-correlation multi-symbol EA, tracking start balance and equity, closing all trades and stopping trading if losses exceed 60%.
Test and debug the anti-correlation expert advisor, validating multi-symbol trading on eurodollar and Swiss franc with cost averaging, trailing stops, and robust inputs from 2020–2025, yielding strong long run profits.
Correlation is a statistical measure of how two variables relate to one another and it is measured using a coefficient known as a correlation coefficient. The correlation coefficient ranges between -1.0 and +1.0. A correlation coefficient of +1 between 2 currency pairs implies that the two currency pairs will move in the same direction 100% of the time while a correlation coefficient of -1 between 2 currency pairs implies that the two currency pairs will move in the opposite direction 100% of the time. A correlation coefficient of zero between 2 currency pairs implies that the relationship between the currency pairs is completely random. In the forex markets, positive correlation can be used to predict which currency pairs are likely to move in tandem giving us an opportunity to diversify trades while Negative correlation can be used for hedging purposes.
In this course, we are going to focus on negative correlation or anti correlation. Trading using anti-correlation is a brilliant way of increasing trading frequency and profits without taking too much risk. We are going to trade the EURUSD and USDCHF currency pairs which exhibit the best anti-correlation to trading costs ratio. By buying each currency pair, an almost perfect hedge is attained. This can be advantageous as it allows us to profit on one pair while holding the other at a loss, anticipating a rebound.
The strengths of this strategy are based on its simple and yet effective entry logic and most importantly, how it manages profitable trades.. If you're still familiarizing yourself with MQL5, don't worry. As long as you understand the basics, this course is perfect for you. I'll patiently guide you through every step, ensuring you grasp the concepts behind each line of code. By the end of this course, you'll have gained the skills necessary to code similar trading models based on the expert advisor shared in this course.
So, hit the enroll button now and join me on this exciting journey of coding a trading strategy based on the using the MQL5 algorithmic trading language!