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Bancomat is an MT5 expert advisor that trades 20 currency pairs using correlation and hedged positions. It shows an on-chart table for each pair and has settings for lot size, profit closing and loss limits.
Get one message the moment it launches, with its price.
Bancomat is an expert advisor for MetaTrader 5 that trades a basket of 20 currency pairs from one chart. It looks for pairs whose price movements are correlated and manages the resulting positions as hedged groups rather than as isolated trades.
The EA measures correlation between pairs and opens positions only when the correlation coefficient is above a threshold you set. Positions in related pairs can offset one another, which is the hedging idea behind the design. Each pair is tracked separately, and the EA calculates when to close that pair's positions. If the combined result of a pair's positions reaches the calculated target, they are closed together.
Hedging can lessen the effect of a single adverse move, but it does not remove risk. If correlations break down, or if several pairs move against the positions at once, losses can still build up.
A table on the chart lists every traded pair and shows what the EA is doing.
The EA is designed for 20 forex pairs. Your broker must offer them and the symbol names must be usable by the EA, so check for suffixes or prefixes in the Market Watch list. A hedging-capable account is the safest choice, since the strategy holds offsetting positions. This page does not state a required timeframe, so check the product page and run your own tests before going live.
The author states that the defaults can be left in place. The main inputs are below. Exact names and defaults can differ, so read them in the inputs tab.
| Input | Purpose |
|---|---|
| WindSize | Size of table cells; increase it if text does not fit |
| Plus_font_size | Font size; 0 is the standard size |
| AlertON | Turns alerts for opening and closing positions on or off |
| Email notification option | Sends a message to your email address |
| Lot | Order volume; adjust for cent accounts and other deposit currencies |
| K_Correlation_Open | Minimum correlation needed to open positions; the author suggests 0.7 to 0.9 |
| MinProfitClose | Minimum profit for closing; relevant mainly with larger volumes |
| Equity increase close option | Closes all positions, including losing ones, after a set percentage equity gain |
| SumProfitClose | Total profit at which all positions are closed; 0 leaves it to the per-pair logic |
| LossClose | Total loss at which everything is closed; enter a negative number in deposit currency |
| ProfitClosePercent | Trails profit and closes on a pullback of the chosen percentage |
| MaxOrders | Maximum open positions per pair; the author suggests no more than 3 |
Lot size is the main control over exposure. The author suggests 0.01 lots for deposits under about 500 USD, but that is a guideline, not a guarantee of safety. Consider setting a total loss limit and a low position cap per pair, and check swaps and spreads with your broker.
Trading carries risk and you can lose part or all of your deposit. Past results do not predict future ones. Test on a demo account before using real funds.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 expert advisor |
| Strategy focus | General |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Markets | 20 forex currency pairs |
| Timeframes | Not specified here; check the product page and test |
| Trade style | Correlation-based hedging with several positions per pair |
| Position sizing | Fixed lot set by the user |
| Account requirements | Check hedging support, symbol names and deposit currency with your broker |
| Controls | On-chart table with per-pair switches and profit buttons |
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The author says the EA can run without optimisation and that most inputs can stay at their defaults. You still need to choose a lot size that suits your deposit and currency. Test on a demo account first and review every input before trading live.
The EA is built around opening offsetting positions, so a hedging-capable MT5 account is the safest choice. Confirm the account type with your broker. Also check that all 20 pairs are available under the symbol names your broker uses, including any suffixes.
The seller says an MT4 build exists, but this listing is for MT5. If you need MT4, check the seller's product page or contact them before buying so you know what is supplied and how it can be tested.
Use the crosses on the left of the table to disable each pair. The EA then closes the open positions on those pairs and opens no new trades. Disabling all pairs and waiting for the positions to close is the intended way to stop it. Removing it from the chart does not close trades.
The author suggests around 500 USD for a 0.01 lot. This is a guideline, not a safe level. Adjust the lot for cent accounts or other deposit currencies, and use a size you can afford to lose.
No. Offsetting positions can reduce swings but do not remove risk. Spreads, swaps, correlation changes and gaps can all cause losses. Trading carries risk and past results do not predict future ones.
Bancomat
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