Pairs Trading Ultimate

This Expert Advisor operates based on binary combinations of conjugated currency pairs, including two modes: opening two orders in mutually opposite directions and opening one order on an adjacent pair (cross). By default, the EA uses parameters for the EURUSD-GBPUSD combination, optimized for working on EURUSD H1. To work on other currency pairs or periods, preliminary testing and optimization in the strategy tester are required.

Adjustable Parameters

• TradeEnabled - if true, enables trading;
• PairFirst - the first currency pair of the combination;
• PairSecond - the second currency pair of the combination;
• MagicNumberPairFirst - magic number of the first pair or cross;
• MagicNumberPairSecond - magic number of the first pair or cross when TradeCrossReverse = true;
• TradeCross - enable the cross trading mode;
• TradeCrossReverse - change orders for the opposite when TradeCross = true;
• ECN - if true, the opening/modification rules for ECN accounts will be used;
• Lots - fixed trading lot;
• Risk - percentage of the balance to be used in trading;
• MaxLots - maximum lot;
• MaxSlippage - maximum price slippage;
• MaxSpread - maximum spread;
• TestMode - testing and optimization mode;
• PeriodRecalculated - recalculation period in testing and optimization mode;
• TakeProfit - fixed take profit in points;
• StopLoss - fixed stop loss in points;
• PendingOrders - use pending orders;
• PendingOrderLevel - fixed level of the pending order in points;
• MaxTimePendingOrders - expiration time (in seconds) of the pending order, after which it is deleted;
• MinLevelOpen - the minimum correlation level for opening orders;
• MinLevelPair - the minimum correlation level for each currency pair;
• MinLevelClose - the minimum correlation level for closing orders;
• IncreaseDiscrepancyClose - close the order when correlation increases;
• IncreaseLevel - deviation of the correlation indicator to close the order;
• Discrepancy - the number of the indicator for calculating the correlation (from 0 to 3);
• Shift - shift of the price series (Discrepancy = 0);
• PeriodFirstMA - period of the first moving average (Discrepancy = 1);
• PeriodSecondMA - period of the second moving average (Discrepancy = 1);
• PeriodRSI - period of the RSI indicator (Discrepancy = 2);
• PeriodWPR - period of the WPR indicator (Discrepancy = 3);
• AverageOsc - if true, the averaged values of oscillators will be used (Discrepancy = 1 or Discrepancy = 2)
• PeriodAvgOsc - averaging period for oscillators;
• SymmetryCondition - additional condition for entering the market when signals are symmetric;
• SynchroCondition - additional condition for entering the market when signals are simultaneous;
• VolumeCondition - additional condition for entering the market when the volume is allowable;
• ZoneVolume - the number of bars to estimate the volume;
• MaxAccVolume - the maximum allowable volume;
• Grid - if true, activates the order grid;
• GridSpread - step of the correlation indicator for opening additional orders in the grid;
• Rebound - if true, the deviation of the correlation indicator from the maximum value at which the order is opened is taken into account;
• ReboundLevel - the deviation level of the correlation indicator from the maximum value for opening orders;
• Trailing - if true, trailing stop will be used;
• TrailingStop - trailing stop in points.
• InfoMode - display information on the screen.

Recommend conditions and settings

• Broker: ECN/STP;
• Instrument: any, EURUSD is recommended;
• Period: any, H1 is recommended.