The Hedging Master

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SPECIAL OFFER at 79$ - final price at 200+

Source code also available for sale (serious offers only).

About the Signal

You can check performance stats. The signal’s settings (Version 1.1-1.3) are provided in Comment #3.

Please note:
This EA (Expert Advisor) trades continuously. It’s normal for backtesting to show occasional issues; if it didn’t, the EA would be worth far more. You’ll need to monitor it closely. To help manage this, I use an input called “stop opening in general” set to -500. This lets me pause trading if drawdown (DD) increases, so I can evaluate and decide whether to restart or wait for price recovery. The EA generates profit continuously, along with rebate earnings!

MT5 Version

The Hedging Master EA uses a highly advanced hedging strategy to minimize risk across various trading approaches. Be sure to read and understand all user inputs before using.

Recommendations:

• Capital per pair: $2000
• Pairs: Can trade any; preferred pairs are EURUSD and GBPUSD
• Gold: Requires adjusted settings for risk management—add a zero to all “pips” inputs and adjust distances if necessary
• Timeframes: Suitable for any timeframe. Lower timeframes increase trades (and risk). Recommended: 15M. I use 1M and 5M for closer monitoring.
• Magic Numbers: Use different magic numbers if running multiple charts in MT4.

Key EA Inputs Explained

• Max starting positions (per side): Maximum buy and sell positions at the same time.
• Starting lot: Lot size for initial positions.
• Starting lot after first two-way lot: Lot size after the initial positions.
• Multiplier (Martingale): Multiplier for subsequent positions.
• Distance between trades (pips): Minimum spacing between trades.
• Change Multiplier and distance after X lot: When lot size reaches X, adjust the multiplier and distance.
• New multiplier (default 1.1): Multiplier to control lot size.
• New distance after change lot: New distance between trades.
• Min TP (in money): Minimum take profit in money to close the basket.
• Max sells/buys: Maximum positions for buy/sell.
• Max lot (martingale): Max lot size per position.
• Stop loss (pips): Stop loss per position.
• After X positions the EA will enable overlap: After X positions the EA will close a winning position with a losing one to reduce DD.
  

Key Risk-Control Inputs

• Stop opening positions if DD is below X: Pauses opening new positions if drawdown falls below X.
• Start opening positions if DD is below X: Resumes opening positions if drawdown improves past X.
• Stop opening positions generally if DD is below X: Pauses all new trades if drawdown drops below X.
  This is essential for EA control.

New Features in Version 1.1 (2024.11.05)

1. New input: "Restart after general DD is below X plus technical."
   Automatically resumes trading when drawdown is below X and certain technical conditions are met. To disable, set a high value like -1,000,000.

2. Two new buttons: Instantly pause or restart the EA from the chart, without relying on input triggers.

In my signal, I set the DD threshold at -220. If drawdown reaches -220, I assess conditions before deciding to resume or wait for market recovery, reducing risk on new positions.

Let me know if you need further tweaks!