Statistical Arbitrage Robot for MT4 or MT5 are based on the statistical arbitrage concept of mean reversion.
Robot finds in fully automated mode correlation between all available instruments (symbols) and highlighter instruments with historically strong correlation. For example WTI and Brent, DE30 and F40, Amazon and Apple... User can pre-define period for correlation (number of bars for analysis) determination, time-frame and level for strong correlation.
Robot determines levels of correlation and automatically at the same time sells strong instrument and buys weak instrument when correlation between them weakens or diverges beyond a pre-defined level. Once mean reversion (or by opposite signal -pre-defined ) takes place the locked position created by the two orders: buy and sell, should generally be in profit. Statistical arbitrage sometimes knows as convergence or pairs trading.
Package also contains indicator iSpread for a visual representation of the correlation between two instruments.
Correlation Indicator Explanation