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Correlation Master is an MT5 expert advisor that opens opposite positions on two currency pairs that tend to move against each other, such as EURUSD and USDCHF. It offers profit target modes, time and day filters and a spread filter.
Get one message the moment it launches, with its price.
Correlation Master is an expert advisor for MetaTrader 5 that builds trades around the relationship between currency pairs. Instead of watching one symbol alone, it opens a position on one pair and an opposite position on a pair that usually moves the other way, for example buying EURUSD while selling USDCHF.
Many major pairs share the US dollar on opposite sides, so they often show a negative correlation. The EA uses that tendency by placing a buy on one pair and a sell on its counterpart. The idea is that the two legs partly offset each other, which is why the approach is described as a form of automatic hedging. The offset is only partial and it is not constant, because correlations shift with market conditions.
Positions can be added in layers, and the EA groups them into sets. Profit can be measured in three ways:
A close-all mode can shut every position once the chosen target is reached.
The EA is designed for forex pairs that tend to move inversely, such as EURUSD with USDCHF, GBPUSD with USDJPY and AUDUSD with USDCAD. Several pair combinations can be handled from the same inputs. The store listing does not fix a single timeframe, so check the input list in your terminal and compare results in the strategy tester before choosing one. The strategy tags for this product are scalping and support and resistance, so expect frequent, short-term entries rather than long holds.
The inputs are grouped around entry, sizing, targets and filters. Exact default values can differ, so read them in the EA properties window rather than relying on any number quoted elsewhere.
| Input | Purpose |
|---|---|
| Entry mode | Chooses whether the first leg is a buy or a sell |
| Max entry | Limits how many positions can be open |
| Time filter | Sets the start and end of the trading window and the active weekdays |
| Lot setting | Initial lot size and a multiplier for further layers |
| Profit target | Global, set or layer mode |
| Close all mode | Closes all positions together when the target is hit |
| Spread filter | Blocks new orders when the spread is too wide |
Opening opposite positions does not make a strategy safe. If the correlation weakens, both legs can move against you, and layered entries with a lot multiplier can increase exposure quickly. Decide on a maximum number of entries and a lot size you can afford before running the EA on a live account.
Trading carries risk and you can lose more than you expect. Past results do not predict future ones. Test on a demo account first and never risk money you cannot afford to lose.
A hedging-capable account and a stable connection are recommended. Many users run it on a VPS so the terminal stays online.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Scalping, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated trading, correlation and hedging |
| Markets | Forex pairs with an inverse relationship, such as EURUSD/USDCHF |
| Timeframes | Check the input settings and test before choosing one |
| Trade style | Scalping and support and resistance style entries, layered positions |
| Money management | Fixed lot or multiplier mode, global, set or layer profit target |
| Filters | Trading hours, weekdays and spread filter |
| Requirements | Algo trading enabled, hedging-capable account, stable connection or VPS |
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This listing is for the MetaTrader 5 edition and will only run on MT5. If you use MT4, look for the separate MT4 edition in the store instead of trying to load this file.
Copy the expert advisor file into the MQL5/Experts folder via File, Open Data Folder in MT5. Restart the terminal or refresh the Navigator, attach the EA to a chart, and enable Algo Trading. Make sure the symbols you intend to trade are visible in Market Watch.
Because the EA holds opposite positions on different pairs, an account that allows hedging is advisable. Spreads, symbol names and suffixes vary between brokers, so check how your broker names the pairs and test on a demo account first.
Increasing lot sizes after losing positions raises exposure quickly and can lead to large drawdowns. If you use the multiplier option, keep it conservative, limit the maximum number of entries and test it thoroughly on a demo account.
No. Correlation between pairs changes over time and can break down, so both positions can lose at once. Trading carries risk and past results do not predict future ones.
There is no single recommended setup. Pair choice, lot size, profit target mode and filters depend on your account size and broker conditions. Review each input, run the strategy tester and use a demo account before trading live.
Correlation Master
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