Related Gap Trading AUDJPY CADJPY NZDJPY - MetaTrader 4 Script

Text{PipValue_A} \times \text{Position_A} = \text{PipValue_B} \times \text{Position_B}

Pay attention to the correlation gap between two trading instruments and place a pair trade.

It is recommended not to leave transactions unattended.

It is not recommended to use Stop Loss and Take Profit orders as one currency pair trades against another currency pair.

Close profits and wait for new opportunities.

Close a loss or hedge an opposite order.

Example: Buy_AUD_Sell_NZD is negative Sell_AUD_Buy_NZD and wait for new opportunities.

Another approach is to open a triangle, forming a hedging currency pair.

Example: Buy_AUDJPY_Sell_NZDJPY Sell_AUD_NZD.

For currency pairs ending in the same currency, keep the same lot size.

Examples: AUDJPY_vs_NZDJPY, AUDUSD_vs_NZDUSD.

"Warning: Use this software at your own risk."

"The creator of this script is not responsible for any damage or loss."

Attachment download

📎 correlation_gaps_aud_cad_nazd_vs_jpy_v1.mq4 (5.01 KB)

Source: MQL5 #48848