Considering correlations between different financial assets is not a new idea and it would be interesting to create the algorithm based on the analysis of such regularities.
Here we present the multi-currency trading robot inspired by the article of Vasily Yakimkin “Resonances – a New Class of Technical Indicators” published in the “Currency Speculator” magazine (â„–04 (part 1) and â„–05 (part 2) in Russian).
In few words, the idea of this method is as follows. For example, to analyze the EUR/USD market we may use not only the readings of any indicator concerning this asset but also the readings of the same indicator concerning the related assets – EUR/JPY and USD/JPY.
Multistochastic_exp custom indicator is used in this trading robot to get trading signals. The indicator calculates its values based on Stochastic oscillator.
Detailed description of this Expert Advisor can be found in the article “Creating an Expert Advisor, which Trades on a Number of Instruments”.
