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Hedge Trade Manager

5

EA Name: Hedge Trade Manager

Description: The "Hedge Trade Manager" EA is a comprehensive tool designed for MetaTrader 4, tailored to manage trades efficiently using a hedge trading strategy. The EA incorporates various settings to provide flexibility and control over hedge trades. This documentation outlines the inputs and parameters to help you configure the EA according to your trading preferences.

Strategy:

This Ea will place a hedge trade whenever the last trade reachs some x pips loss. The trade could be either placed from an ea or manually. There are multiple configurations to set the takeprofit of the hedge trades. Based on the profit settings hedge trades will be closed.

Overall Settings/Input Guide

Name Setting Description
General Settings Marks the start of the general settings section.

Trade Comment Defines the trade comment as "HTM Trades."

Show Logs Determines whether to capture logs; currently set to false.
Magic Number Input Specifies the magic number as 20131111.
Hedge Settings Indicates the start of the hedge settings section.
Enable Hedge Enables or disables the hedge; currently set to true.

Hedge Distance Specifies the hedge distance as 10.
Hedge Lot Increase Mode Determines how the lot size is increased in the hedge; currently set to MULTIPLY (1).

Hedge Increase Factor Sets the increase factor for the hedge as 2.

Max Hedge Step Sets the maximum hedge step as 9999.

Hedge Execution Mode Specifies the execution mode for the hedge; currently set to PENDING (2).

Hedge SL/TP Mode Specifies the stop loss and take profit mode for the hedge; currently set to FIXED_AMOUNT (1).
Hedge Fixed Stop Loss Sets the fixed stop loss for the hedge; currently set to 0 (disabled).

Hedge Fixed Take Profit Sets the fixed take profit for the hedge as 2.

Hedge Equity % Stop Loss Sets the equity percentage stop loss for the hedge as 10.

Hedge Equity % Take Profit Sets the equity percentage take profit for the hedge as 2.

Important Note: Before deploying this EA in a live account, it is highly recommended to thoroughly test it in a demo account to ensure it meets your requirements and functions as expected.

Feedback and Support: We welcome your feedback and suggestions. If you have any improvements or ideas for this product, please share your thoughts. Your feedback is crucial in enhancing the functionality and user experience of our products.

Enjoy trading with Hedge Trade Manager! If you find this EA useful, we appreciate your reviews and recommendations to help us continue developing high-quality tools for traders like you.


Comentarios 1
Ashan Haseem
60
Ashan Haseem 2023.12.15 13:16 
 

Very useful.. Hedging is not for everyone. But with the help of this tool even a beginner can give it a try. Highly recommended.

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Utilidades
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Confluence Indicator is unique indicator which collects differnt popular indicators and analyzes their data. It decides an overall trend with its strength. It is not only helpful for identifying the the current picture of the market but also helps traders to stay away from non trending market. It maximize the chance of winning by giving an aggregate picuture of markets best reliable technical indicator settings There are total 7 types of signal which this indicator provides. Each candle will sho
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Biswarup Banerjee
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Biswarup Banerjee
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Description Rich dad is scalping bot which works based on multiple trend following indicators settings which is used by many professional traders. It works on the principle of trade accumulation and profit banking system.Once Ea gets the singal for buy and sells it keep on accumulating them bases on some risk calculation. Once the stoploss or profit hits based on risk calculation it will bank profit or cut the losses. It uses the the martingale principle but it is upto the trade if he want to us
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Biswarup Banerjee
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Double top and bottom indicator is a pattern scanning indicator which scans the tops and bottoms using zig zag pattern. When it find price bouncing back from the same point twice after a long trend then it generate arrow signals whenever the last resistance points is broken for double bottom and last support price broken for double top. Unlike other top bottom scanner it does not give only 1 signal. it alerts user when ever the last support /resistance is broker from double top/bottom pattern un
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Biswarup Banerjee
Asesores Expertos
This is a pure grid strategy which completely works on pricelevel. So the idea behind this simple algo is when it starts it places 6 orders.  Buy- Current price Sell- Current price BuyStop-  Current price+ Some Pip Configurable distance Sell Limit -   Current price+ Some Pip Configurable distance BuyLimit-    Current price- Some Pip Configurable distance SellStop -     Current price- Some Pip Configurable distance When any order hits its take profit it fill the gap with pending order. and Wh
Filtro:
Ashan Haseem
60
Ashan Haseem 2023.12.15 13:16 
 

Very useful.. Hedging is not for everyone. But with the help of this tool even a beginner can give it a try. Highly recommended.

Respuesta al comentario
Versión 3.0 2024.01.08
corrected 3rd lot onwards
Versión 2.0 2023.11.13
made magic number checking optional