Meet the Minds Behind Spreader 2: Yury Reshetov, along with the brilliant coder: barabashkakvn.
Spreader 2 is an innovative EA designed to calculate the direction and lot size for opening positions. Its smart algorithms aim to quickly capture favorable spreads and secure profits. If the market takes a downturn, rest assured that Spreader 2 will hold onto trades until they recover, even during lengthy drawdowns. This EA operates without traditional indicators, relying instead on the last 60 bars of market history.
- Initial deposit requirement (default settings): $10,000
- Recommended timeframe: M1
To get the best results, ensure that your selected pairs have a long-term positive correlation. It's worth noting that Spreader 2 won't automatically verify this correlation for you.
Make sure the pairs you choose share the same quote currency. For instance, EURUSD and GBPUSD both have USD as their quote currency, while GBPJPY and CHFJPY share JPY. Avoid pairing EURUSD with USDJPY, as they have different quote currencies.
It's also important not to run two different EAs simultaneously if they share at least one currency pair. Spreader 2 doesn't use a magic number, but you won't need one if you follow the guidelines carefully to identify suitable pairs for each EA.
The default settings allow you to select up to six pairs, which I recommend testing on a demo account:
- Set up Spreader 2 on NZDJPY, and input AUDJPY in the Second symbol parameter;
- Run it on CHFJPY, and use GBPJPY as the Second symbol parameter;
- Deploy on EURUSD, using GBPUSD in the Second symbol parameter;
- Launch on USDJPY, and select CADJPY in the Second symbol parameter.
Input Parameters
- Second symbol - the second currency pair;
- Position volume for the current symbol - this is the volume of the currency pair the EA is currently operating on (the volume for the second pair will be calculated automatically);
- Profit - the target profit in your deposit currency, which triggers the EA to close positions on both pairs.
Note: Spreader 2 isn't always active in the market, so it may run without opening any positions for extended periods.
How Spreader 2 Operates
The EA patiently waits for both correlated pairs to make upward movements within a 30-bar range, followed by downward movements in another range. If both pairs only trend in one direction, the EA remains idle, leaving a note saying "Trend found." Similarly, if the pairs diverge and show negative correlation, it will simply add a "Negative Correlation" comment.
Once both upward and downward movements are established, the EA conducts an optimization process, calculating potential profits regardless of whether the trend is rising or falling. This includes determining the optimal lot size for the second pair and deciding which pair will be the primary one and which will serve as a hedge. Positions are then opened based on these calculations. When the specified profit in the Profit parameter is reached, both positions are closed, and the EA repeats the cycle.
In a bullish market, one pair acts as the main while the other hedges against potential drawdowns. Conversely, in a bearish market, their roles switch. While hedging helps mitigate risk, it may also cap profits. Without this strategy, you could be exposed to significant losses during trend reversals.
To combat false signals that can mislead any EA, Spreader 2 has an additional verification step. If this check yields negative results, the EA assumes a potential loss and remarks it as a "False testimony." This feature effectively limits drawdowns and decreases the likelihood of unhedged positions.
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