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Easy Correlations is an MT5 expert advisor for pair-style trading of two correlated symbols. It shows a Pearson correlation reading and an RSI-based momentum view on a dashboard, and flags when the pair moves apart.
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Easy Correlations is an MT5 expert advisor for traders who want to work with two symbols that usually move in step. It measures how closely they track each other, watches momentum on the relationship, and highlights moments when they drift apart.
The idea is simple. Pick two instruments with a history of moving together. When the gap between them grows beyond what is normal, the approach is to buy the weaker one and sell the stronger one, expecting the pair to move back toward each other. Nothing says this will happen, and a gap can keep widening.
The main dashboard shows a Pearson correlation reading for the two symbols. Values near +1 indicate that they have recently moved closely together, values near zero indicate little relationship, and negative values indicate opposite movement. It is a view of recent history, not a forecast.
The tool also applies an RSI approach to give a view of momentum in the relationship between the pair, rather than on a single chart. This is used to help judge whether a divergence is stretched or still building.
Divergence can be measured with a fixed distance or a dynamic one. A fixed distance uses a set threshold, while a dynamic one adapts to recent conditions. Which suits you depends on the pair and the market conditions.
Easy Correlations can be used with any pair of symbols your broker provides, as long as both are in Market Watch. Typical choices are related currency pairs, indices or commodities, but the choice is yours. Timeframes are selected through the inputs and chart. Test several before committing to one.
Exact input names and defaults can differ between brokers and releases, so read the input tab inside the terminal. Expect to find options along these lines:
| Area | What to check |
|---|---|
| Symbol pair | The two instruments to compare |
| Correlation period | How many bars feed the Pearson calculation |
| RSI period | Length used for the momentum view |
| Distance mode | Fixed or dynamic divergence threshold |
| Position size | Lot size or risk setting for each leg |
Trading two legs doubles the number of positions to manage, and correlations can weaken or break, especially around news. Spreads, swaps and slippage on both symbols affect results. Use a demo account and the Strategy Tester first, and only risk money you can afford to lose.
Trading carries risk and you may lose some or all of your capital. Past results, including any test results, do not predict future ones. This tool assists analysis and is not financial advice.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Signals, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (Experts folder) |
| Trade style | Correlation divergence, pair trading |
| Tags | Signals, Momentum |
| Core measures | Pearson correlation, RSI, fixed or dynamic distance |
| Markets | Symbols offered by your broker; choose pairs that tend to move together |
| Timeframes | Set in the inputs; test before using one live |
| Requirements | Both symbols in Market Watch, algo trading enabled |
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No. This listing is for MetaTrader 5 only. The file is built for the MT5 terminal and will not load in MT4.
The tool is built around two symbols that normally move together. Which pairs suit you is your decision. Check the correlation reading on the dashboard over the period you care about, and confirm both symbols are available at your broker and visible in Market Watch.
It is an expert advisor with a dashboard and signals. How much it does on its own depends on its input settings, so review the inputs and test on a demo account to see exactly what it does before using it on a live account.
No fixed figures are given here, because suitable values depend on the pair, timeframe, broker and your risk limits. Check the input descriptions, run the Strategy Tester and a demo account, and size positions according to your own risk tolerance.
Copy the file into the MQL5/Experts folder via File, Open Data Folder in MetaTrader 5, refresh the Navigator or restart the terminal, then drag the expert onto a chart. Make sure algorithmic trading is switched on.
No. Trading carries risk, you can lose money, and past results do not predict future ones.
Easy Correlations
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