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REGISTER PARTICIPANTS Expert Artofhedge Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 9, 2020.

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  1. James Goldman

    James Goldman Moderator
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    #artofhedge

    artofhedge-logo-200x200-3052.png

    Hedge Trading with minimum lot exponent, good for unknown trend.

    Best for high impact news.

    Default Settings
    • MagicNumber = 3377 - to separate and classify each symbol.
    • FirstLot = 0.10 - I suggest using smaller lot, according to your broker.
    • LotExponent = 1.44 - lot multiplier used after executing the first order.
    • HedgeTakeProfit = 5 - take profit for the first order.
    • LockPips = 5 - breakeven level in pips.
    • SecondGrid = 13 - pips between the first order and the second order.
    • GridStep = 13 - pips between the second order and the next order.
    • Max_Level = 16 - maximum level.
    Indicator Filtering
    • RsiPeriod = 14
    • Upper = 65
    • Lower = 35
    • BbPeriod = 20
    • BbDeviation = 2.0
    I recommend using it on H1 chart, but you can try others timeframes.

    Indicator logic: when RSI hits 65/35 levels and volatility according to Bands grows, it opens an order.

    Time Filtering
    • Start_Hour_AM = 0
    • End_Hour_AM = 1
    • Start_Hour_PM = 12
    • End_Hour_PM = 13
    You are free to choose when to trade. The settings use broker local time.

    I recommend:

    • Trading only one or two hours a day. Choose time when you think the volatility is high.
    • Choosing time when high impact news are published or before their publication.

    artofhedge-screen-9012.png artofhedge-screen-5231.png

     

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