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Orions Mr Hedging

Are you stubborn and don't want to close a disastrous situation in your account?
Have your bots made a mess in your account?
No problem: Mr. Hedging is there to fix the situation!

The expert advisor reads the real drawdown at each tick and, if the set threshold is exceeded, starting from the first loss order in the terminal window,
puts it in hedging by opening an order of opposite direction and multiple volume as per assigned parameter.

It is also possible to set SL and TP to emulate a scalping operation or, by lengthening the TP, set an amount
which automatically closes the two orders when the sum of the profits of the two reaches it.

It can also be used to inhibit the operation of other EAs when the drawdown is exceeded, simply by closing all the charts.

The parameters are
  •      Max % DrawDown : When this threshold is exceeded, Mr.Hedging activates and starts opening hedging orders.
  •      Max numbers of hedging orders : number of hedging orders envisaged
  •      Manual SL in pips : SL setting
  •      Manual TP in pips : TP setting. If set short, new orders will be opened continuously with TP until the DD returns.
  •      Close orders in hedging : minimum amount given by the losing order plus the hedging amount at which both orders are closed. A negative value can also be used if the distance between the two orders is considerable.
  •      Multiplier of lots orders : Factor by which the original volume of the order will be multiplied. Commonly set to 2, doubles will be opened and against the losing order.
  •      Panic action : If set to TRUE, when "Max % DrawDown" is exceeded, it closes all charts effectively inhibiting the operation of any algorithm on MT4.

Use the comments to propose improvements or recommendations.
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lizhi fu
4.8 (54)
TopBottomEA's advantage: the first support for small capital work EA, real trading for more than 4 years; this EA based on volatility adaptive mechanism, only one single at a time, each single with a stop-loss, an average of about 4 orders per day, holding a single length of 12 hours or so, with a limit of $ 20 principal challenge backtesting ran through more than 10 years. Every interval of three days to increase the price of $ 100, the price process: 998 --> 1098 --> 1198...... Up to the targ
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Sof'ia Vlasova
5 (1)
Fenghuang EA utilizes clustering principles in machine learning to analyze data, identifying groups of objects or events with similar features or relationships. It uncovers hidden patterns and categorizes objects by similarities, aiding in the discovery of causal relationships. The EA allows for in-depth data analysis, highlighting significant relationships without risky techniques like martingale, netting, or scalping, making it compatible with various brokerage environments. Read more about t
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Ugochukwu Mobi
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3.67 (3)
You have good intuitions, but you want more from your trade ... or you are a tireless hedger . Would it be very useful for you if the TP moves further and further with configurable response times and offsets price ? Imagine: You have a buy order on a bullish day on Dow Jones. You set a "take profit" at 200 points, but you know he can give you more! Attach "Orions Move Target" to any chart and it will pass all the open orders in the terminal, moving them following these 3 trivial parameters:
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06/22/23 News! The "news filter" is integrated in the EA. Remember to insert in this url in Tools->Options->Expert Advisor You can disable this filter or use it in two way : Trade only on news No trade on news THANKS ALL! 06/21/23 News! Finally I see the light at the end of tunnel! Thanks all the contributors, now the EA has and efficient and very configurable Trailing Stop. In more It has also the extra profit function that move the Take Profit point by point. I remember you that t
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Umberto Boria
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A simple and automatic method to win in forex, with good liquidity and big balance. This tecnique is based on relaunch Martingale, so if you have small balance, your account is on risk. The EA monitor constantly the free margin,  but this thing isn't always warranty of win. If you have a small balance, I suggest to use an account in cents, Min Trade Volume equals to MINLOT and at least 5 of "max orders". The higher the "max orders" , the higher the odds of winning and the profits, the higher
The indicator is like a mother-in-law, who talks often, talks a lot and often inappropriately. The indicator, in addition to giving us an entry signal on parameters which I will then list, monitors the trend of the hourly timeframe, OSMA to understand the entry direction, RSI to sense any overbought or oversold conditions from which to abstain, ATR for the volatility and ADX for the trend. Indicator not recommended for newbies. Only the human judgment of these parameters, combined with the e
This is my trusted friend of trading. So... I musted re-write this in MQL5 to use in brokers where there is only MT5. The indicator is like a mother-in-law, who talks often, talks a lot and often inappropriately. The indicator, in addition to giving us an entry signal on parameters which I will then list, monitors the trend of the hourly timeframe, OSMA to understand the entry direction, RSI to sense any overbought or oversold conditions from which to abstain, ATR for the volatility and ADX
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