Semi Automatic Hedge EA

With the hedge parameters listed below, you may configure this semi-automatic MT5 EA trading program. It takes care of everything for you when you order it to trade, either purchase or sell.

This EA, which may be fully or partially automated, is a great tool for hedging and the “Never Lose Again” strategy. If you believe it to be difficult to predict which way the market will move, this robot alters the price’s direction, ensuring your success regardless of the route the price takes.

a hedging method that guarantees a profit regardless of price movement. It succeeds as long as the price changes. Consolidation regions are the danger associated with this method. It can therefore produce good results when combined with some manual investigation in places where you are aware that the price will probably decline.

You choose the price at which you will reach your aim, both above and below entry. The EA determines the necessary batch sizes to roughly accomplish your aim at the prices you prefer. The amount of drawdown permitted before the trading cycle is closed can also be set.

Hedge EA The trade panel

You select your arrangement using a trading panel that is very adjustable. You can manually enter or drag the red lines to the target of your choice. You will close in profit if the price moves to one of the red dashed lines.

When the price reaches the gray line below, which designates the hedge zone, it automatically determines the required lot size to reach your preferred objective at the closest red line. The blue line indicates that it will start with a buy.

ADR / Avg Spread

The average daily range, or ADR, displays how many points this instrument typically moves in a day. Knowing this is helpful since you do not want the robot to cross over market rollovers, when the spread increases significantly.

As a result, if your ADR is 500 points, you should aim to achieve less than half of your ADR in terms of goal points. This EA works well when used with the ADR Scalping indicator.

First Lot / Next Lot

Display the lot size of your upcoming and upcoming trades. Since this one makes calculations in real-time, they will vary as you proceed until you reach the hedge price.

Trade cycle settings

All of your combined hedge trades together make up a trading cycle. As a result, each cycle seeks to open one or more positions, which are then added together and totaled as a single unit. The cycle will then close all open positions whenever all trades are in the total profit or drawdown that you specified.

Hedge Size (Pts)

Before the Hedge EA affects the direction of your trade, this is your hedge distance. This could be viewed as your position’s stop loss.

Target Size (Pts)

Indicates how many points your objective (take profit) should be from your entry and hedge. The EA estimates lot sizes as accurately as it can to help your target attain the right price levels.

One piece of advice for intraday traders is to place these between the ADR high and low.

Profit Target (%)
When the price crosses either of your goal lines, upper or lower, this is the amount you wish to earn, expressed as a percentage of your account equity.

Max Drawdown (%)
How much percent can you utilize as a hedge before everything closes in a loss?

Exit B/E from Pos+

Set a point at which the Semi Automatic EA will, if possible, close the trade at breakeven. The transaction will be closed if you input 3 as soon as it reaches breakeven. This is beneficial if you want to lower your risk after holding a set number of positions and begin over with a trade.

Recommendations

• $100 is the minimum account balance.
• Any currency, index, or cryptocurrency can be worked on.
• Any Timeframe will Work.
• The creator claims that he used this EA to complete the FTMO challenge. So, FTMO might also be utilized with this EA.
• This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM). 
• low spread ECN account is also advised (Find the Perfect Broker For You Here).