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Hedging Pro Ultimate MT4

Hedging Pro Ultimate uses a trend follow strategy coupled with virtual pending orders to maximize profits, virtual close partial to minimize drawdown and close by opposite signals if there is a change in trend to minimize losses. Hedging Pro Ultimate works fully automatically without manual intervention and is equipped with a news filter.  How to set up news filter : click here 

MT5 version |  Product Guidance | Setfile:  pls leave a message on the comment tab, I will send you the latest setfile

Suggested pairs: EURUSD, XAUUSD

Expert parameters:

1. Manage Open Positions
+ Trade Buy: allow buy
+ Trade Sell: allow sell
+ Open Position Method: Select the open position method
+ Delete trendline after opening a position: set false for continuous pending orders.
+ Continue New Cycle: set false to stop a new cycle trade.

2. Manage pending orders
+ Pending Orders: Enable virtual Pending Orders
+ Distance of pending orders from the current price (in pips)
+ Step size to move pending orders (in pips)

3. Manage Lot and Money
+ Lot Type: Select lot type
+ AutoLot (ex. 1000 $ = 0.01): Manage lots
+ if AutoLot = true, fill in Money to manage, $: Fill in money to manage (Ex. Balance 5000, fill in 1000, Autolot = 0.05)
+ if Autolot = false, fill in Start Lot: fill in the initial lot
+ Multiplier for Martingale 3/Anti Martingale 2/Mix Lot: Multiplier lot coefficient
+ Maximal Lots: max lots per trade

4. Manage GRID
+ Open Next Grid only on a new bar
+ Open Next Grid on Trend Direction : open next position only when there is a signal.
+ GRID Mode: Select grid strategy
+ Step (in pips): Distance to open the next position
+ Expanding Step Coefficient: step multiplier coefficient
+ MaxTrade Buy: Maximum allowed long positions
+ MaxTrade Sell: Maximun allowed short positions

5. Manage Close
+ Cut loss if loss, $: close all positions when the cutloss target is reached, in money.

+ Cut loss if Drawdown, %: close all positions when the drawdown target is reached, in percentage.

6. Manage SL-TP Settings
+ Use Stoploss and Take Profit, in pips
+ Stop Loss(in pips), 0= no stoploss

+ Take Profit(in pips), 0= no take profit

7. Manage Trailing Money
+ Trailling (in money): Trail profit in money.
+ Trail Money All (in Percentage): Trail profit in percentage balance.

8. Manage Drawdown Reduction
+ Use Auto Close Partial:
+ Select Close Partial Method:
+ Number of trades to activate partial close: Minimum open positions to start partial close.
+ Select Partial Takeprofit Method : Pips or Money
+ Minimum profit to close partial : Minimum profit to do partial close
+ Use Auto Close Partial, in percentage: Close partial in percentage
+ Number of trades to activate partial close: Minimum open positions to start partial close.
+ 1st Percentage profit to close partial 2, %: Minimum profit 1st last position to do partial close.
+ 2nd Percentage profit to close partial 2, %: Minimum profit 2nd last position to do partial close.
+ Auto Close Partial 3:
+ Select Close Partial 3 Method
+ Number of trades to activate partial close 3
+ Lots to start partial closing: minimum lots to activate partial closing 3
+ min Profit to close(in pips): Minimum profit to be able to close a position
+ Partial close percentage, % : How many % lots will be closed. Ex. 50% x lot 0.1 = 0.05 lot to close partial

9. Time Management
+ Use time control: restrictions on trading hours and days, this only applies to opening a new cycle. Timing use broker's server time.
+ Trade Start Time: Time to start new cycle
+ Trade End Time: Time to stop new cycle

10. Continue new cycle management: start new cycle at the specified hour. Timing use local time or vps time.

11. Manage News
+ Stop Trade by News: Allow news filter
+ Indent after News, minutes
+ Indent before News, minutes
+ Enable light news
+ Enable medium news
+ Enable hard news
+ Auto GMT : enable auto GMT
+ If Auto GMT= false, Fill in GMT Offset
+ Currency to display the news (empty - only the current currencies)
+ Period news updates in seconds

12. Manage Others
+ Max Spread (in Pips): spread allowed
+ Coefficient (if Freeze=0 Or StopsLevels=0) : Fill in at least 1, only to anticipate volatile market conditions and the broker will increase freezelevel and stoplevel.
+ Magic number : Fill in 0 (Zero) so that ea can recognize all positions opened manually or by other eas.
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Version 2.2 2023.06.23
+ Added entry strategy Golden Wave
+ Added lock feature
+ Added Close all profits
Note : pls contact me for the new setfile
Version 2.1 2023.03.23
+ Update code for news filter
Version 2.0 2023.01.29
Fixed bug auto close partial 3
Version 1.9 2022.12.30
+ Added Auto Close Partial 3, this feature makes it possible to partially close lots that are experiencing a loss.
Note : There are changes to the setfile, please download the new setfile on the blog and reload all the setfile
Version 1.8 2022.12.17
+ Fixed the auto gmt bug, which caused auto gmt to generate a negative value when vps time < broker server time
+ Adjust digits for XAUUSD 3 digits and XAGUSD 5 digits broker. With this update, users don't need to change settings and they will be adjusted automatically.
Version 1.6 2022.12.07
Update code for news filter
Version 1.5 2022.10.08
1. Added entry method : Trend Specialist
2. Added input parameter : Open Next Grid on Trend Direction , open next position only when there is a signal.
3. Added input parameter : Close partial in pips
4. Delete Grid Mode : Ultimate 2
You can download the latest setfile at the very bottom of the blog: https://www.mql5.com/en/blogs/post/744806
Version 1.4 2022.10.02
fix bug for trading day restriction on Sunday
Version 1.3 2022.10.02
+ Added trading day restrictions for Saturdays and Sundays.
Version 1.2 2022.09.23
+ Added Stoploss and takeprofit in pips.

You can get the latest setfile at the very bottom of the blog
Version 1.1 2022.06.08
Update code for send and close orders. Adapted to regulations from Metaquotes.