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2006.12.08 16:54

SMA MultiHedge - expert for MetaTrader 4

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votes: 3

How It Works?  Let me explain like this (the concept is symple):

    -  play GBPUSD as a BaseSymbol and if SMA is heading up;

    -  go long GBPUSD and hedge EURUSD short to reduce the risk but i also hedge USDCHF long too that's it;

    -  then due to the EA let me show an example;

    -  set the avilable hedge symbol to 3 , EURUSD-USDCHF-USDJPY as defalt if you dont want to hedge USDJPY just set "HedgeH3" to false but if you want to hedge USDJPY

    -  set "H3.followBase" to true (default) if you want to send order the same way of GBPUSD;

    -  set "H3.followBase" to false if you want to send order the opposite way of GBPUSD with "H3.LotsRatio" =2 ,as default, that will send the order twice in lot-size of GBPUSD. BUT the hedge of GBPUSD-USDJPY will execute only when the correlation between GBPUSD-USDJPY is pass the "H3.Expect.CorRelation" value.

    -  if you expect -0.90 they will be sent only when correlation is less than -0.90 and either;

    -  if you expect 0.90 they will be sent only when correlation is greater than 0.90 and dont worry each hedge work separately with MagicNo,MagicNo+1 and MagicNo+2. So please change the "MagicNo" to something differrent like 318 if you want to play another pair as BaseSymbol.

       Last thing:

    -  each hedge will be closed when overall profit is greater than "Expect.Profit" and dont worry about the swap. This EA can auto calculate the profit from swap

    -  if your hedge can make profit from swap the EA will not mention swap only close hedge when reach"Expect.Profit";

    -  BUT if your hedge cant make profit from swap the ea will close hedge when total profit (real + swap) is reach"Expect.Profit".

Because of this kind of EA can not test by backtesting so the result is still in forwardtesting process and i've got only this picture:


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