Market / MetaTrader 4 / Utilities /

Hedging Strategy EA

89 USD

Demo downloaded: 65

Published: 6 July 2021

Current version: 7.4

Hedging Strategy EA

Utilities
Christianiel Robles Faustino
Version: 7.4
Updated: 11 December 2021
Activations: 5

================== FULL VERSION =====================

Automatically hedge the open order after initially opening a trade.

Important Notes:

- Hedging account is required.(Check on your broker)

- Magic no./Expert ID should be set upon placing an order. Magic# is set per currency pair. Use a Script/Indicator. Try this.

Download the 'Order Management Script Tool' Trading Utility for MetaTrader 4 in MetaTrader Market (mql5.com)

- Auto Trade >>> should be disabled on live account. It is for testing purposes only.

- Moving Average Period >>> open a trade if price closed below/above the MA Period. (Auto Trade is enabled)

- Last Candle Size in Pips >>> open a trade if last candle X pips closed above/below MA Period

- Time Frame >>> Moving Average Period Time Frame

- Lot Size >>> used if Auto Trade is enabled

- Buy Order Magic# >>> set the Buy Magic# based on open buy Magic#

- Sell Order Magic# >>> set the Sell Magic# based on open sell Magic#

- Buy/Sell Magic# should not be the same

Risk/Reward: Hedging will stop until Take Profit is Hit or Free Margin is not enough to open another trade. If your Take Profit is not Hit yet, please take note that you'll lose the trade if there's no enough money/free margin left to open another trade. Hedging Strategy is limited based on your account size and initial order lot size. It means that you'll only have a number of consecutive stop losses it can take based on your free margin.

Please refer to screenshot.

1 - Sends order automatically based on last candle size and moving average period. Use only in strategy tester, disable in live trading.

2 - Lot size when Auto Trade is enabled.

3 - Last candle size to enter a trade.(Auto Trade is enabled)

4 - Moving Average Time Frame

5 - Moving Average Method

6 - Moving Average Period

7 - Matched the buy order magic number with your buy placed order magic no., then set #8 any different sell magic no.

8 - Matched the sell order magic number with your sell placed order magic no., then set #7 any different buy magic no.

9 - Max Spread Value

10 - Delete orders if current spread > max spread value set

11 - Cancel limit order if 1:1RR is already reached

12 - Cancel limit order if price closed above/below moving average

13 - Cancel limit order when no. of new candles reached after placing an order

14 - No. of new candles

15 - Close orders if there's no enough money/margin left to trade

DEMO version download:

Download the 'Hedging Strategy EA DEMO' Trading Utility for MetaTrader 4 in MetaTrader Market (mql5.com)

FREE Tools:

https://www.mql5.com/en/market/product/60301 - Order Management Script

https://www.mql5.com/en/market/product/77073 - Fibonacci Entries

https://www.mql5.com/en/market/product/77072 - ADR Pips Meter

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=============================== FULL VERSION ==================================== >>>>> PRICE DROP from $99 to $49 limited time only <<<<<< BTMM TRADING MANAGER Objective: Trading Manager EA Robot helps manage your multiple orders specially with BTMM Strategy with proper risk reward ratio. It will lessen your time to monitor your multiple trades from time to time. Trade hassle free using this tool. Important Notes: - Auto Trade will automatically send order if shift candle closed above/below th

49 USD

Cloud Eyes is an advanced moving average alert that will easily monitor the price action based on set moving averages to multiple open charts. Objective: To monitor multiple open charts and notify traders conveniently in a single display panel when using the moving averages to enter/exit a trades. Features: Monitor price action in two timeframes at the same time Supports simple, exponential, smoothed, linear weighted moving averages Trigger an alert based on candle size (full/body length) Ca

79 USD

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Version 7.4 2021.12.11

Added:
- Support on other products (Indices, Metals, Commodities, Cryptocurrencies, Instruments)

Version 7.3 2021.12.10

Changed:
- Adjust average spread on each symbols
- Customize last bar size and auto SL on your preferred settings

Version 7.2 2021.12.08

Changed:
- Auto retrieve magic # on opened orders

Version 7.1 2021.12.07

Added:
- When enable, automatically close orders when spread is too big or there is a news.
- Automatically calculate stop loss and entry from Auto Trade(Strategy Tester)

Version 7.0 2021.07.27

Information:
- Auto trade will only run on testing mode.

Version 6.9 2021.07.26

Changed:
- Auto Remove EA if there's no open orders

Version 6.8 2021.07.16

Changed:
- Additional checks to start EA

Version 6.7 2021.07.13

Fixed:
- Output messages

Version 6.6 2021.07.13

Fixed:
- Auto Cancellation of Buy/Sell Limit orders when price closed below/above MA and 1:1RR reached

Version 6.5 2021.07.06

- Fixed sending order error when Auto Trade is Enabled