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ChristMyHedge

Demo downloaded: 110

Published: 2 November 2020

Current version: 3.0

ChristMyHedge

Name: ChristMyHedge
Author: Utibe Udoh

Experts
Utibe Udoh
Version: 3.0
Updated: 28 February 2022
Activations: 5

ChristMyHedge (Christ My Hedge) is an EA (Expert Advisor) aka forex trading robot based on Overbought/Oversold, trend-reversal/trend-confirmation principle.

Recommended pairs are EURUSD, USDCHF, USDCAD, NZDUSD, USDJPY, AUDUSD, EURJPY, CADJPY, AUDJPY, EURGBP , EURCHF and GBPUSD . This EA is the MT4 version and run on D1 (or Daily) charts only. (MT5 version is also here in the market).

However, the newer version of ChristMyHedge-MT5 is news-based .i.e. it monitors economic news before opening trades. This news-based version EA is yet to be uploaded, but the signal is running. Try it.

Setting UseAutoLots to 'Yes' will make the EA to calculate and use an automatic lot size.

Default parameters may be OK for most trades.

Please note that the EA may not open trades everyday, but may open some trades within the week and run a few days, if running multiple currency pairs.

It is best you run the EA on VPS, if you do not have 24/5 Internet and electricity.

Parameters

The input parameters are:

FixLots: The initial lot size to use irrespective of equity, and if UseAutoLots is 'No'. Default is 0.01.

UseAutoLots: If the EA should automatically calculate the lot size. 'Yes' is the default value and will ignore the FixLots value above.

MinimumEquity: This is the minimum equity required to trade 0.01 lot. UseAutoLots depends on this value.

MaximumTradeableSpread: The highest Spread under which the EA can open trade. The EA will not open trade if the Spread is higher than this value. The default is 40(points).

MaximumConcurrentTrades: The maximum number of unique pairs that trades can open or run at once (concurrently). Maximum is 10. Default is 7. This is necessary to limit the number of openable/running trades, especially when trading multiple pairs.

MaximumGridTrades: The maximum number of additional trades that can be opened if the loss of the running trade gets to 300points (or 30 pips) and the other conditions are still met. This grid trading is a kind of a martingale. The maximum is 3. The default is 0 (disabled).

StartTradesFromHour: The Hour of the day to start trading (i.e. start opening new orders). Default is 0.

CloseTradesFromHour: The Hour of the day to stop trading (i.e. stop opening new orders). The default is 24; meaning, the EA will not stop/close trading.

TakeProfit: The Take Profit value. The default is 600(points).

StopLoss: The value of Stop Loss. Default is 400. 0 means no Stop Loss. Any number greater than 0 will be used as Stop Loss.

TrailingStop: To pick partial profit by moving the Stop Loss position to cover the profit at this point. The default is 0.

TrailingStep: The number of steps (points) to move before reintroducing subsequent Trailing Stops. The default is 0.

May you have cause to say truly "Christ is my Hedge!"

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MartinPro (or Martingale Pro) is a martingale-based scalper EA. It is recommended to be traded on only one pair at a time -- preferably Gold or GBPUSD . You can set your initial FixLots based on increased equity or simply set the AutoLots to 'Yes' and the robot will use a computed initial lot size. Default setting may be OK for most trades. Note that this is a martingale EA; it starts with two opposite orders and opens additional (subsequent) orders with increased lot size and attempts

30 USD

This is MT5 version of ChristMyHedge . It should be referred to as ChristMyHedge-for-MT5. Like its MT4 counterpart, the EA/signal runs on Daily (D1) time-frame on 12 pairs: GBPUSD, EURUSD, USDCHF, USDCAD, NZDUSD, USDJPY, AUDUSD, GBPEUR, EURJPY, CADJPY, AUDJPY and EURCHF concurrently, with a recommended minimum of 150USD equity per 0.01 lot size. Default parameters may be OK, and it's best to run on VPS, if you do not have 24/5 Internet and electricity. However, the newer version of Christ

30 USD

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Eti-ini Emmanuel Umoh 2021.10.08 00:04 #

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1205

Reply from developer Utibe Udoh 2021.10.10 22:50 #

Thank you very much. ChristMyHedge has come a long way and it has proven to be consistent so far. It is worth investing on, as you can see.

Version 3.0 2022.02.28

Major improvement to handle critical issue.

Version 2.71 2022.02.03

Some Improvement and fine-tuning.

Version 2.7 2022.01.16

Introduction of Stop Loss value by default.
Uses higher timeframe (daily) to improve signal accuracy.

Version 2.6 2021.08.30

Some Improvements.

Version 2.5 2021.07.09

Improve settings

Version 2.4 2021.06.18

Improving the "Grid-trade" to full-fledged martingale

Version 2.3 2021.04.26

Improvement in default and inbuilt parameters.

Version 2.2 2021.01.09

Customised for H4 to reduce false signals or noise common in H1 and smaller time frame.

Version 2.1 2020.12.22

Improved frequency of trades opening.
Reduced false signals/noise thereby reducing draw-down and improving profits.
Removed the use of ATR indicator for auto-trailing stop/take profit.
Made some fixes and improved coding logic.

Version 2.0 2020.12.13

Introduction of Auto Stop-Loss based on Fibonacci Points, Resistance and Support Levels. Auto Stop-Loss and Stop-Loss are not enabled by default.

Improvement on Auto Trailing Stop/Trailing Step based on ATR.

Reduction on false-signals and delay-entry.

Parameters re-organisation/renaming.

Improvement on coding logic.

Version 1.30 2020.11.28

Adjusted seemingly delayed confirmation of trade entry, and improved on code logic and programming.

Version 1.22 2020.11.26

A little improvement/quick fix

Version 1.21 2020.11.23

Minor bug fixed on version 1.2

Version 1.20 2020.11.23

A minor bug fixed from version 1.2

Version 1.2 2020.11.23

Issue of not opening SELL orders fixed.
Better money management by limiting the number of concurrent orders running or open trades.
Grid Trading optional and limited.
Trailing Stops now have predefined Trailing Steps.
Auto-Trailing Stops now available based on market volatility/ATR.
Attempt made to factor in commissions/swaps.
Some codes clean up, parameters re-naming and fixes.

Version 1.1 2020.11.03

Include StartTradesFromHour parameter to enable users specify when to start trading, in addition to the CloseTradesFromHour parameter. Some minor codes cleaning/fine-tuning.