Dec 29, 2009
Libra EA is automated robot which uses advanced mathematics to exploit temporary discrepancies between correlated forex pairs. For example, EUR/USD and GBP/USD are correlated most of the time: they both go up or both go down. But, sometimes, one of them is going in one direction while the other stays in place or move opposite. This means, that they just went out of sync, and they will get synchronized soon. But since that happens, we have very probable trading setup, allowing us to guess what will happen on the market. This is believed to be a fundamental law of the market, a strong phenomenon being easy to exploit. As it turns out, such educated guesses are very profitable and Libra creates almost no drawdown.
Libra does overlay 2 prices on single chart (e.g. EUR/USD and GBP/USD) and measure how far they are. For most of the time, the prices are synchronized, so distance between them is almost zero. But, sometimes they go away from each other for short period. This means, that they will go back soon, in a very predictable and profitable way. See following screenshot: