Pair Trading Station is a powerful MetaTrader Indicator. Its decision making algorithm is based on Pairs trading (a.k.a Statistical arbitrage or spread analysis). This manual was written already few years ago for our Pair Trading Station. I think this is still very useful if your trading is based on correlation and spread. This is pdf manual, so please download it into your hard drive and read them. Below is the link to the pdf manual:
In addition, you can watch this YouTube Video titled as How to use Pairs Trading Station
Here is the landing page for Pairs Trading Station in MetaTrader 4 and MetaTrader5.
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