As the name implies, the work of the adviser is to find correlations between the price movements of various trading tools available in MT5 terminal. It differs from the free version CorrelationsSearcherLE to operate with all the available trading instruments terminal.
Councilor work is structured as follows:
- terminal to the window graphics of any tool (the value has only timeframe) joins adviser;
- select the desired setting values (meaning and purpose, see description below.);
- after the start there is a request historical data from the server in turn on each instrument; for instruments that meet a specific set of requirements (the ability to carry out any trading operations, the minimum required depth of history) checks correlation of price movements (check the correlation of each with each of the test tools);
- the beginning of the treatment process shows a message in the “experts” of the terminal;
- at the end of the calculation results stored in .csv file type the address in the EA settings (default path: MetaTrader 5 \ MQL5 \ Files \ CorrelationsSearcher), good preservation of the file is confirmed by the message;
- information in the file is grouped into seven columns (see screenshot.), in the first two – the names of the tools in pairs, then – the numerical value of the correlation coefficient (Fechner) Between the pairs of tools for the entire study period and for each segment of history (the history of entire study period is divided into four parts, to be able to track the dynamics of change);
- each time an event occurs, the “new bar” data processing cycle and write to the file is repeated.
The format of storing data in the .csv file type is suitable for further processing and opens a wide field for creativity and practical application.
- MinCorrelationCoefficient – minimum threshold correlation value, the results below the threshold will not be displayed in the image;
- BARS – depth stories in bars (timeframe corresponds to the schedule to which an adviser), used in the calculations. In the case where the depth of the existing stories of some of the test tools is less than this value, the research will be carried out at the low of the trading history;
- MMH – restriction of minimum depth of history to the test instrument months. Symbols, which have a history of less than this value, drop out at an early stage and do not participate in further calculations.
- due to the specific characteristics of this EA strategy tester will not work in the tester who wish to purchase to get acquainted with the possibilities of the adviser can check in the “lite” free version https://www.mql5.com/ru/market/product/10821#full_description ;
- in one terminal is only one copy of the advisor can run, and possible conflicts with other advisors who work with global variables of the terminal.
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