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REGISTER PARTICIPANTS Expert Beginner Hedge Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 10, 2020.

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  1. James Goldman

    James Goldman Moderator
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    #beginnerhedge

    beginner-hedge-logo-200x200-7803.png

    This is a hedging EA based on the efficient hedging strategy. It enters trades in the direction of a momentum using Parabolic SAR. The product works on any timeframe with any currency pair. It is based on the efficient hedging technique. The trading robot opens a hedge sequence with a 40 pips distance between orders and an 80 pips SL.

    This hedging EA is meant for medium risk trading with consistent return. It is a grid trading system based on hedging and is fully automated requiring little monitoring. It is fully optimized for use on EURUSD H1, $500 balance at 1:500 leverage. It is also advisable to trade this EA with the balance in multiples of 5, 500, 5 000 and 50 000.

    If you have $50, then use it on a cent account. In addition to EURUSD trading, it can also be used on any currency pair, but a user must first optimize the parameters.

    This EA works well with AUDUSD because of the low ranging of the pair.

    The golden rule of this EA is to withdraw every $100 of profit from a $500 account, and restart the EA after a withdrawal. The EA is coded not to lose up to 50% of any account.

    The normal technique uses 30 as a TP and 60 as a hedge range, but here the TP is 40 with 80 as the hedge range obeying the ratio equal to 1:2.

    It can be optimized using time periods and days of the week. The EA will only do 6 hedge levels on a $5 000 account so it does not wipe out a user account, but if you have a very large account, it will go higher and if you have a much larger account, you can increase hedge levels and add more lots. If you wish to use the EA on other pairs, use it with $50 000 balance with the default parameters. The EA is very stable with that amount and you can optimize it for any pair.

    Parameters:

    The EA comes with the customizable parameters for hedging:

    • lot 1, lot 2, lot 3... - these are the lot sizes in the hedge starting from the first trade to the last trade
    • base lot - when you set base lot to 1.0, there will be no difference between the lot size opened and what is set manually
    • The EA has the news filter to avoid trading in periods of news releases
    • avoid major news: true/false
    • avoid news: true/false
    • All lot sizes are custom set instead of using lot multiplier
    • lot sizes - decimal points can be shifted with this function
    Recommendation

    Trade with $1 000 account with the base lot of 0.1.

    Or $5 000 account with the base lot of 1.0.

    Optimize by timeframes and days of the week.

    beginner-hedge-screen-1140.PNG beginner-hedge-screen-8825.PNG beginner-hedge-screen-2755.PNG beginner-hedge-screen-6220.PNG

     

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