ForexPen – Download Free Forex EA, Indicators and More for Your Trading Needs

Smart Correlation Hedge EA

A FREE Correlation Hedge EA MT4 download, Smart Correlation Hedge EA is completely automatic. It operates using the correlation trading strategy. The finest feature of this free forex EA is that since it employs the correlation method, it is made to function well in the majority of market circumstances.

No matter which way the market swings, the drawdown of one instrument will be offset by the profit of the other because it hedges the orders of two highly linked instruments! When an exchange rate deviates from the overall trend, the NEW Smart Hedge Expert Advisor opens positions and closes them when the exchange rate returns to its proper level.

The EA wagers on a return to the right route when associated instruments veer off course. With excellent correlation, it trades simultaneously on many drum instruments. Drawdown from transactions on one instrument is offset by transactions on the other. As a result, it can trade with a decent amount of volume and little risk.

Since this EA trades using the hedging and correlation strategies, the MT4 terminal does not support multi-currency testing in the strategy tester. It cannot do a backtest.

Although this free Forex robot is fully automatic, you can actively engage with this EA by using its dashboard. Additionally, this EA won’t support BACKTESTING.


  • For one instance of the EA, a $100 minimum account balance is required.
  • M5 and H1 timeframes are the most effective. (Assemble any TimeFrame)
  • Work best with the following currency pairs: AUDCAD-NZDUSD, AUDNZD-NZDUSD, AUDUSD-AUDCAD, EURGBP-GBPCHF, EURJPY-CHFJPY, EURUSD-GBPUSD, EURUSD-USDCHF, GBPUSD-EURUSD, NZDUSD-AUDUSD, USDCAD-NZDUSD, USDCHF-EURUSD, USDJPY-CADJPY, and GOLD-SIL and includes set files for these (see the EA in the first pair provided).
  • This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM). 
  • low spread ECN account is also advised (Find the Perfect Broker For You Here).

No Minimum Deposit

ECN Acount

No Commission

Min Deposit of 20$
Allow USA Traders
Levergae up to 1:500



Leave a Reply

Your email address will not be published. Required fields are marked *

On Key

Related Posts

FAN Trading Robot

An automated trading system called the FAN Trading Robot was created to profit from major news stories that cause notable volatility in the currency markets.

AA Forex Robot

The adaptable MT4 Robot Advanced Automated Forex Robot is available for free download. An adaptable algorithm that continuously fine-tunes and optimizes itself forms the basis

SG Forex EA

Specifically built for trading gold (XAUUSD), this SG EA is a fully automated Gold Forex EA. This article delves into the nuances of this EA,


Top Bottom Indicators provide a major advancement in manual trading tactics by identifying the tops and bottoms of market patterns. This indicator is special since