The Correlation shows how equally trade two strategies. It compares the Balance lines of the strategies for the complete testing period.
A correlation coefficient of 1 means that two strategies have absolutely equal balance lines. It is possible to have strategies with different trading rules to rise very similar signals and we want to eliminate such cases.
When the Correlation analysis is on, it checks every strategy pushed to the Collection against all other included strategies. If the program finds that two strategies has correlation greater than the set value, it marks them as correlated. EA Studio removes the strategy with the the lower profit in such cases.
For example, a Correlation Coefficient of 0.96 means that the strategies differ by 4 percent.