Netsrac Correlation Trader

Overview of Netsrac Correlation Trader

• The Netsrac Correlation Trader (NCT) identifies both positive and negative correlations between currency pairs.
• It signals when these correlated pairs are unbalanced, providing trading opportunities.
• NCT can automate trading for selected correlated pairs based on user-defined time frames and signal values.
• Optimal lot sizes are calculated to enhance hedging strategies for profitable trading.
• This tool can act as a standalone system to support discretionary correlation trading.

Trading Features

• You can trade on various time frames; however, larger time frames are more suitable for full automation, while smaller ones require more manual intervention.
• It utilizes hedged orders, meaning it simultaneously trades correlated pairs in opposite directions to mitigate risk.
• With its 'autotrade' feature, NCT trades can be configured to respond to specific market conditions automatically. ⚙️
• It is designed to assist traders looking to exploit market inefficiencies through correlated assets effectively.

Usability and Flexibility

• NCT can be used across any trading platform that supports automated trading, making it accessible for different users.
• Traders can adjust settings to optimize performance based on their individual risk tolerance and trading style.
• The tool's features are gradually enhanced, allowing for user feedback to shape future updates and improvements.

Important Considerations

• NCT cannot be backtested effectively due to its simultaneous trading of multiple assets, which can complicate historical performance analysis.
• Users are advised to familiarize themselves with the concept of correlation before using the EA, as it's crucial for understanding its operational mechanics.
• It is recommended to begin with small investments, especially if testing the waters with new settings or features. 💰

User Feedback

• Users have praised NCT for its intuitive interface and ability to highlight trading opportunities in correlated pairs.
• Some caution users about the risks associated with automated trading, emphasizing the importance of understanding how correlation works in the market.