any hedge tool or ea to minimize any loose position has open by another ea

[younis ha]

i need a hedge tool or ea it will minimize any lose position has been opened by another EA , i dont want to use sl , i need to hedge it 

[Keith Watford]

younis ha:
i need a hedge tool or ea it will recover any lose position has been opened by another EA , i dont want to use sl , i need to hedge it 

"Hedging" won't recover any losses, so I don't see how you will find what you are searching for.

[Ahmet Metin Yilmaz]

younis ha:
i need a hedge tool or ea it will recover any lose position has been opened by another EA , i dont want to use sl , i need to hedge it 

“In reality, hope is the worst of all evils, because it prolongs man’s torments.”
― Friedrich Nietzsche, Human, All Too Human: A Book for Free Spirits

hedge is like a hope..

just only prolongs your end

[Chijioke Chukwunonso Iloabachie]

Hedging works if you know what you are doing. 

I dont use SL either but I use Orderclose function if conditions are different. 

[Keith Watford]

cidand1:

Hedging works if you know what you are doing. 

I often see this statement yet I have never seen anyone back it up.

If by "Hedging" works, you mean that it works for the brokers by unnecessarily handing them additional spreads, commissions and swaps, then you are correct.

If by "Hedging" works, you mean that it will somehow magically result in additional profits or recover losses, then you are totally wrong. It is mathematically impossible for there to be any benefit gained from "hedging".

[younis ha]

cidand1:

Hedging works if you know what you are doing. 

I dont use SL either but I use Orderclose function if conditions are different. 

can you explain this please

[Alain Verleyen]

Read all of it.

https://www.mql5.com/en/forum/167337

[AIRAT SAFIN]

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I see hedging as a two-way mechanism in a wave power plant

When the wave goes up, the station generates current on this movement

And when the wave falls, the station generates a current for this movement too

Even when the upward movement is considered unfinished

and upward movement mechanisms do not return to their original position

Or does not generate when such a feature is not provided

Type of power plant with one-way current-generating mechanisms

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Example from the financial field

One company received long-term financing

Amounts and terms of repayment of the main debt and expenses are determined

Let's say once a year

Then this company wants to place current cash flow surplus overnight

And his banker is told that this is impossible!

It is impossible to have a client’s debt and at the same time borrow from him!

The banker says

"Why not

I always do that

Sources of that long-term debt do not imply prepayments

And the repayment schedule is completely fine with me

And whoever gives me an overnight, I don't care

Because I do it every day

Because it is beneficial to me

In general, it happens that the same client

simultaneously receives several different loans of different types

and at the same time has several savings deposits of different types

This is a standard situation

And we are all happy"

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Same thing with hedging

They say this is unfair competition

They say that it’s wrong to simultaneously have a debt in Euros

and at the same time lend in Euros

But

The 1st position in Euros is open for a certain period

and allows certain fluctuations

When the price is supposed to be temporarily moving in the opposite direction,

it makes sense to make money on this movement too

And mixing positions of different types, even with the same currency, is

useless complication of business logic

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Of course this is just a talk

Result is the best proof

May be we will see concrete effective MQL solutions in this area

And maybe in this forum thread

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[Meztiza Ako]

I also do hedging. I manually enter the trade. If the trade is losing, I hedge and use <Deleted> hedging and scaling tool to exit. I make sure that I have more than 5000% free margin level percentage when I use them to hedge. They work ok most of the time.

[Keith Watford]

AIRAT SAFIN:

Your analogies do not apply to "hedging"

When the wave goes up, the station generates current on this movement

And when the wave falls, the station generates a current for this movement too

There is no wave once "hedging" is applied. The 2 opposite movements at the same time cancel each other out. There is no current generated at all until the "hedge" is removed.

When the price is supposed to be temporarily moving in the opposite direction,

it makes sense to make money on this movement too

Of course that makes sense, but it doesn't apply to "hedging".

When you have debt, there are costs involved in servicing that debt. If you are not using those funds it makes total sense to offset those costs where possible.

In trading, "hedging" does not offset any costs and can actually incur additional costs. So "hedging" in trading makes absolutely no sense whatsoever.

[Keith Watford]

Meztiza Ako:
I also do hedging. I manually enter the trade. If the trade is losing, I hedge and use <Deleted> hedging and scaling tool to exit. I make sure that I have more than 5000% free margin level percentage when I use them to hedge. They work ok most of the time.

Describe a single scenario where "hedging" returns any sort of benefit compared to just closing a trade.