Smart Correlation Hedge EA is a fully automated forex robot designed for the MT4 platform, available as a free download. It operates using a correlation trading method, making it highly adaptable to various market conditions. By hedging orders between two highly correlated instruments, this EA ensures that the drawdown of one instrument is offset by the profit of the other, regardless of market direction.
The Smart Hedge Expert Advisor opens positions when the exchange rates of correlated instruments deviate from the overall trend, and closes them once they return to their correct course. It trades on instruments with strong correlations, allowing the EA to manage relatively large trade volumes while maintaining low risk.
Due to the correlation and hedging strategy used by this EA, it cannot be backtested in the MT4 strategy tester, as multi-currency testing is not supported. However, it is fully automatic and comes with a dashboard for manual interaction if desired. 
Recommendations for Correlation Hedge EA MT4:
Minimum account balance: $100 for one instance of the EA
Best timeframes: M5 and H1 (works on any timeframe)
Best instrument pairs: AUD/CAD-NZD/USD, AUD/NZD-NZD/USD, AUD/USD-AUD/CAD, EUR/GBP-GBP/CHF, EUR/JPY-CHF/JPY, EUR/USD-GBP/USD, EUR/USD-USD/CHF, GBP/USD-EUR/USD, NZD/USD-AUD/USD, USD/CAD-NZD/USD, USD/CHF-EUR/USD, USD/JPY-CAD/JPY, GOLD-SILVER (attach the EA to the first pair)
Recommend running this free forex EA on a VPS (Vultr)Low Spread ECN account is also recommended Icmarket and Exness
Account type: A low-spread ECN account is highly recommended for optimal performance.
