Icb (Insured Currency Basket) Expert Advisor - MT4/MT5 Resources

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Icb (Insured Currency Basket) Expert Advisor review and download instructions

This article organizes EA related to CMillion Expert Advisor. The content has been removed from the Russian language and external website promotion information, and has been reorganized according to the common concerns of foreign exchange EA users, making it easier to judge whether it is suitable for real trading or testing environments.

strategic positioning

This type of EA is usually used in automated trading scenarios of MT4 or MT5. Before formal use, you should first confirm the trading variety, cycle, spread, slippage, leverage and broker execution conditions to avoid directly treating a single historical performance as a future profit expectation.

Testing recommendations

It is recommended to test separately in a demo account and a small capital account first, focusing on observing the maximum drawdown, continuous losses, holding time, news market performance, and the sensitivity of parameters to different market stages.

Key points of English page

For a year – 150 usd No time limit – 300 usd

The Expert Advisor trades on instruments with a high correlation. At the same time, he insures (hedges) each transaction is made at the expense of another instrument. The principle of insurance is that we buy one instrument, and sell the opposite one. Since pairs with a positive correlation always follow in the same direction, the Expert Advisor cannot get a big loss in total. This method of trading guarantees transactions and therefore a stop loss is not needed here! The EA calculates the lot based on the tick value and the current balance. This is done so that one instrument (a currency pair) can compensate for another….

For example: EURJPY-CHFJPY-correlation 89-100% CADJPY-AUDJPY-correlation 95% EURJPY-CADJPY-correlation 87-94% EURJPY-AUDJPY-correlation 80-92%

I selected these pairs using a script that determines the correlation for a given period of time ( BEST CORRELATION ). You can also use the CORR script..

The Expert Advisor sells (sell) at the highest of all instruments and simultaneously buys (buy) at the lowest. Due to this, insurance against any currency movement is obtained. The main thing is to choose the tools themselves in such a way that they correlate well with each other. This can be checked by the nature of the movement of currencies, they almost repeat the movement of each other! Transactions are closed as soon as the total profit reaches the specified value as a percentage of the deposit.

Parameters:

SB = “EURJPY, CHFJPY, CADJPY, AUDJPY”; – here we list the instruments we are going to trade on, separated by commas. the options can be different, the number of tools is also unlimited. Examples:

BTCUSD,ETHUSD,BTCEUR,ETHEUR

EURUSD,AUDUSD,EURGBP,EURCAD,NZDUSD

BRENT,WTI The main condition for choosing tools is their mutual correlation. The CORR script will help you choose the tools

TF = M5; – The choice of the timeframe for which we control the correlation BarsCorrelation = 1000; – The number of candles on which we control the correlation __Control_Deviation____ MinDeltaOpen = 50; – The minimum distance between the tools. If the instruments are very close to each other, the Expert Advisor will not allow opening counter trades. The parameter is set in points. If the filter is enabled, the Expert Advisor shows the correlation value for the selected pairs

____Control_Correlation FilterCorrel = 10; – The correlation filter will monitor the correlation of instruments during trading. If at some point the instruments stop correlating, the filter will prohibit trading on them. To disable the filter, set filter off.

__Profit_Risk

____filter_time____ TimeStart = 0; – The hour when the Expert Advisor starts working. timeEnd = 24; – The hour of the end of the adviser’s work. The Expert Advisor can open trades only in the interval between TimeStart and timeEnd Order Balance – maintain the balance of opposite positions. When enabled, the number of buy and sell positions will be maintained at the same level. MaxOrders – the maximum number of open positions

Additional parameters

You can stop the Expert Advisor by clicking on the “Trading is allowed” button If the button is pressed, it turns red. But the Expert Advisor does not throw open trades. He will bring them to close, but will not open new positions. Also, when trading is prohibited by time. The Expert Advisor brings already open positions to profit, but does not open new ones.

During the trading process, you can independently close some or all positions by clicking on the corresponding buttons

About its acquisition, write to me

The LITE version is simpler and has a slightly different algorithm for constructing lines (by % volatility)

Risk warning

EA cannot eliminate market risk. Grid, martin, scalping, arbitrage, and high-frequency strategies are particularly dependent on the trading environment. Stop-loss logic, order quantity limits, and capital occupation under abnormal market conditions should be separately evaluated before placing a firm offer.