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ManHedger MT5

4.8

THIS EA IS A SEMI-AUTO EA, IT NEEDS USER INPUT.

Manual & Test Version

Please DON'T BUY this product before testing or watching my video about it.

Contact me for user support & advices!

With this Expert Advisor, you can:

  • Implement your own Zone Recovery strategy to capitalize on trending markets.
  • Create Grid trading strategies, to profit from ranging markets.
  • Place orders easily and clearly.
  • Display your trades/strategies on the chart.
  • Display your Take Profits/Stop Losses as a percentage.
  • Display volume in monetary amount.
  • Use Trailing StopLoss and Riskreward ratios.
  • Manage your open trades & pending orders
  • Limit your Drawdown & Profits
  • Create Hedging Strategies
  • Open trades with partial takeprofits
  • Open trades with automatic breakeven

This tool has helped me solve many of my own problems, and now I'm trying to help others as well. It can function as both a trade manager and a trading bot at the same time.

The trading strategy I use this utility for is based on the following idea: Most people lose trading forex. Betting against the sentiment with grid strategies seemed to be a profitable strategy for me. Zone Recovery strategies excel at trending market conditions. This is a huge advantage, because predicting direction is much harder than predicting high volatility. Initialising Zone Recovery strategies before news events is another key element of my personal trading strategy.

My advice for using the product:
  • When interpreting zone recovery or grid strategies, it is advisable to set a risk much higher than the gain, with a recommended Risk-Reward ratio of at least 15:1.
  • When changing the gain or risk of a running strategy, it is not recommended to set a much higher gain or a much lower risk, as it may have negative effects on the well-calculated strategies.
  • I do not recommend running zone recovery and grid strategies at the same time on the same security.
  • Setting the EA for the same securities multiple times with the same magic numbers may result in unexpected errors. (The EA distinguishes other EAs with the help of symbols and magic numbers).
  • I do not recommend using the grid strategy with an Orderstep or Density set too high, as the starting order may be too small.
  • I recommend using the EA for securities which have the account currency as either the base or margin currency.
  • With price changing the size of a lot in your base currency may change, re-enter the volume if you are calculating in monetary amount.
  • Don't remove Expert/close chart/close MetaTrader, when a strategy is running.
  • If the Balance is 0 the Expert won't work.

I do not guarantee any profits or financial success using this EA.

If you encounter any issues or have any feedback, recommendations, or questions regarding the program, please do not hesitate to contact me. I am committed to addressing any concerns and fulfilling your requirements to ensure the best possible experience with the product.


I'm constantly trying to improve this product and new versions can be expected.

I hope I could be of assistance, and that you will find this utility useful.

#Tags: Grid Tool Manual Grid Grid Manual Hedge Tool Hedge Manual Manual Hedge Hedging tool Strategy Builder grid strategy creator hedge strategy trade manager order manager visual display order display trade management trailing stop trailing sl riskreward tool prop firm challenge prop challenge trade assistant order grid management grid trading equity protector protect equity risk manager risk tool drawdown protect drawdown limiter  close all sl breakeven partial takeprofit partial tp partial sl







Reviews 12
Tohir Dwi
29
Tohir Dwi 2024.06.27 15:51 
 

great project and tools, keep upgrade to be much better...

Jacques Van Echteld
218
Jacques Van Echteld 2024.03.17 10:31 
 

Very good and usefull ea!

Valentin Popa
545
Valentin Popa 2024.02.15 22:20 
 

Very good EA.

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Copy Signals from any channel that you are a member ( without the need for a Bot Token or Admin Permissions  straight to your MT5. It has been designed with the user in mind while offering many features you need This product is presented in an easy-to-use and visually attractive graphical interface. Customise your settings and start using the product within minutes! User Guide + Demo  | MT4 Version | Telegram Version If you want to try a demo please go to the User Guide. The   Discord   To MT5
CRT Alert
Austin John Ifeanyi Ogbormeh
Utilities
Trade Smarter with Real-Time CRT Alerts! The CRT Alert EA is designed for traders who use Candle Range Theory (CRT) to identify trading opportunities. This powerful tool monitors price action across multiple timeframes and alerts you exactly when the third candle forms , helping you execute trades with confidence. Key Features: Real-Time Alerts – Get notified instantly when a valid CRT setup forms. Multi-Timeframe Monitoring – Works on any timeframe from 1Min to Monthly . Customiz
Unlimited Trade Copier Pro MT5
Vu Trung Kien
5 (11)
Utilities
Unlimited Trade Copier Pro MT5 is a tool to copy trade remotely to multiple MT4, MT5 and cTrader accounts at different computers/locations over internet. This is an ideal solution for you if you are a signal provider and want to copy your trades to other receivers globally on your own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will n
FX28 Trader MT5
Tsvetan Tsvetanov
3 (1)
Utilities
Introducing the FX28 Trader Dashboard – Your Ultimate Trade Manager Unlock the full potential of your trading experience with the FX28 Trader Dashboard, a comprehensive and intuitive trade manager designed to elevate your Forex trading to new heights. Whether you're a seasoned trader or just starting on your financial journey, this powerful tool is engineered to streamline your trading activities and enhance your decision-making process. Key Features: User-Friendly Interface: The FX28 Trader Da
GOLD robot4trade
Vyacheslav Izvarin
Utilities
GOLD robot4trade (FTMO-Ready Edition) v1.5 Powered by Robot4Trade.com | AI-Enhanced & Challenge-Ready Overview The Advanced Forex EA is a next-generation trading algorithm designed for performance, stability, and full compatibility with prop firm requirements such as FTMO , MyForexFunds , and more. This EA combines classic, reliable indicators (MA, RSI, ATR) with modern risk management and equity protection, including a daily drawdown monitor , progressive entry logic , and an on-chart
Partial Close Expert MT5
Omar Alkassar
Utilities
Partial Close Expert  is tool combines many functions into one automated system. This EA can help traders manage their positions more effectively by offering multiple options for managing risk and maximizing potential gains. With Partial Close Expert, traders can set a   partial close   level to lock in profits, a   trailing stop   level to protect profits and limit losses, a   break-even   level to ensure that the trade will break even if the price moves against them, and several other functio
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Supply and Demand Zones MT5
Peter Mueller
4.83 (6)
Indicators
The Supply and Demand Zone Indicator is a powerful and easy-to-use tool designed to help traders identify critical supply and demand zones on the chart. These zones can provide valuable insight into potential market reversals, breakouts, and important price levels where buyers or sellers are likely to take control. Key Features: Automatic Zone Detection : The indicator automatically identifies supply and demand zones based on historical price action and support/resistance levels, taking the gues
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Trade Manager Interface MT5
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4.5 (6)
Utilities
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Candlestick Patterns with Alerts MT5
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4 (3)
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4.5 (6)
Utilities
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Manual ZoneRecovery MT5
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Utilities
Introducing the Zone Recovery EA, a powerful tool for traders who seek precise control over their Zone Recovery strategies. This manual version operates similarly to the Zone Recovery mode in ManHedger but some distinctive features – the Stop Loss (SL) cannot be modified during the strategy execution, and no pending orders are opened, when the StartPrice is reached. There are no input parameters. Zone Recovery strategies can only be executed on accounts that allow hedging. Key Features: Hedging
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Manual Zone Recovery MT4
Peter Mueller
5 (1)
Utilities
Introducing the Zone Recovery EA, a powerful tool for traders who seek precise control over their Zone Recovery strategies. This manual version operates similarly to the Zone Recovery mode in ManHedger but some distinctive features – the Stop Loss (SL) cannot be modified during the strategy execution, and no pending orders are opened, when the StartPrice is reached. The only 2 input parameters are the leverage for the current symbol and a check of wether the Account allows hedging.  Zone Recover
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Candlestick Patterns with Alerts MT4
Peter Mueller
Indicators
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ManHedger MT4
Peter Mueller
5 (1)
Utilities
THIS EA IS A SEMI-AUTO EA, IT NEEDS USER INPUT. Manual & Test Version Please DON'T BUY this product before testing or watching my video about it. Contact me for user support & advices! MT5 Version With this Expert Advisor, you can: Implement your own   Zone Recovery   strategy to capitalize on trending markets. Create   Grid   trading strategies, to profit from ranging markets. Place orders easily and clearly. Display your trades/strategies on the chart. Display your Take Profits/Stop Losses as
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thori thoriq
101
thori thoriq 2024.07.28 07:24 
 

This EA have potential to make money, but still need updates to make more stable, need more option in hedge mode, sometimes we need sqeeze, and sometimes sqeeze becomes a problem, if this option is managed to off, in trade running will make more beneficial to trader, just my option, overall great tool to have for every trader. scalping or daytrading.

Peter Mueller
21224
Reply from developer Peter Mueller 2024.07.28 14:40
Thank you for your honest review! I can not find a good for all solution for the squeezing in hedge, I'm open for all recommendations
Tohir Dwi
29
Tohir Dwi 2024.06.27 15:51 
 

great project and tools, keep upgrade to be much better...

Peter Mueller
21224
Reply from developer Peter Mueller 2024.06.27 18:53
Thanks a lot for the review
Juan Carlos del Carmen
183
Juan Carlos del Carmen 2024.05.22 13:14 
 

It is an useful EA if you understand it properly and definitely I recommend as the same author recommended initially to me from the start to test ManHedger Trader in a demo account to at least get familiar and trained in the different modes available before trading a actual account with trading capital on it. Peter the autor has been very responsive, supportive and open to new suggestions from my side. What's more, I got plenty of support from the very beginning from him even with the demo Man Hedger Trader. So far, hedging was not used yet in my toolbox and I definitely recommend to use hedging in particular cases where for instance you already have loosing trades and your trading systeam has already failed in order to lock in the Equity Drawdown, free up trading margin in your account and mitigate tail risk.

Peter Mueller
21224
Reply from developer Peter Mueller 2024.05.22 13:15
Thanks a lot for the review
Jacques Van Echteld
218
Jacques Van Echteld 2024.03.17 10:31 
 

Very good and usefull ea!

Peter Mueller
21224
Reply from developer Peter Mueller 2024.03.17 23:10
Thanks for taking your time and writing a review, I appreciate it!
Valentin Popa
545
Valentin Popa 2024.02.15 22:20 
 

Very good EA.

Peter Mueller
21224
Reply from developer Peter Mueller 2024.02.16 10:34
Thank you very much for your review, it means a lot to me!
V2DAY
45
V2DAY 2023.12.07 22:03 
 

User didn't leave any comment to the rating

Darko Licardo
999
Darko Licardo 2023.11.20 11:06 
 

User didn't leave any comment to the rating

Peter Mueller
21224
Reply from developer Peter Mueller 2023.11.20 11:18
Thank you very much for your review, means a lot to me!
Mustafa Nail Sertoglu
1069
Mustafa Nail Sertoglu 2023.09.19 16:48 
 

User didn't leave any comment to the rating

Peter Mueller
21224
Reply from developer Peter Mueller 2023.09.19 16:52
You can contact me in PM anytime if you have any problems. I'd be happy to help you set the EA up, and help you resolve your problems.
Best regards,
Peter
Hezbon Ogwari Magajo
120
Hezbon Ogwari Magajo 2023.09.17 12:22 
 

User didn't leave any comment to the rating

Peter Mueller
21224
Reply from developer Peter Mueller 2023.09.17 12:44
Thank you very much for the review :)
Grap the Trade
117
Grap the Trade 2023.08.08 13:56 
 

User didn't leave any comment to the rating

Peter Mueller
21224
Reply from developer Peter Mueller 2023.08.08 15:08
Thank you very much!
Andre Schinkel
1697
Andre Schinkel 2023.08.08 08:01 
 

User didn't leave any comment to the rating

Peter Mueller
21224
Reply from developer Peter Mueller 2023.08.08 11:39
Thank you for the review!
Duy Dong Dao
321
Duy Dong Dao 2023.08.07 16:06 
 

User didn't leave any comment to the rating

Peter Mueller
21224
Reply from developer Peter Mueller 2023.08.08 00:17
Thanks for the review
Reply to review
Version 4.21 2024.05.24
Fixed some bugs, now all pending orders are deleted when trimming.
Version 4.20 2024.05.23
Added settings button to hedge mode. Traders can now delete tickets from the hedging batch and set the squeezing range used for the squeezing procedure in the hedging strategy.
Version 4.16 2024.05.21
Fixed a bug: it was possible to change the gain/lot or the takeprofit to an invalid value while the Hedge strategy was running.
Version 4.15 2024.05.17
Removed debugging messages
Version 4.14 2024.05.16
Fixed a bug added in the last version
Version 4.13 2024.05.16
Fixed a bug when stopping hedging strategy
Version 4.12 2024.05.15
fixed a bug with scaling
Version 4.11 2024.05.07
Fixed a bug when dragging Hedge TP while strategy is running: now Takeprofit can be changed not only using the textbox, but by dragging the TP level.
Version 4.1 2024.05.04
Fixed some bugs, minor changes
Version 4.0 2024.05.02
Hedge mode added, now another strategy is available for users (check out the new manual to better understand it). Added the opportunity to add partial takeprofits and automatic breakeven. Grid strategy can be now initialised by the starting volume instead of the volume cap (volume cap is still possible). The VolumeStep/OrderStep of the grid strategy now van be additive instead of multiplication.
Version 3.72 2024.03.16
Fixed another bug.
Version 3.71 2024.03.15
Fixed some bugs about scaling. Minor changes
Version 3.7 2024.03.10
Updated the Scaling it should work now on all monitors with every kind of resolution
Version 3.6 2024.01.05
Fixed an error: opening new trades with Long/Short Grid strategy after sell limit is reached
Version 3.5 2023.12.20
Improved the behaviour of the dialog on each tick, when dialog and Trading/Strategy Box has to be synchronized.
Version 3.4 2023.12.15
fixed some bugs
Version 3.3 2023.12.14
Bad version added last time, no changes made
Version 3.2 2023.12.14
Fixed a bug about trading hours and sessions.
Version 3.1 2023.12.11
Fixed some bugs
Version 3.0 2023.12.05
new Mode added: Manager. Here you can close trades and delete orders based on your selected properties with one click. You can also move SL of these trades to break even. You can also add a maximal drawdown of the currently open trades, so the EA can now work as an equity protector. It is possible to do the same with the profits e.g you can set the monetary amount of losses and profits in money or in the percentage of your balance, both of which when exceeded all trades will be closed out. The Trade Mode has been reworked: You can now set your volume based on your preferred risk or gain on the trade, calculate mode has been removed becouse of this. Zone Recovery mode: Added an information box in the upleft corner, where you can see the theoretical maximal count of orders of a given zone recovery hedging strategy.
Version 2.4 2023.11.16
Minor changes
Version 2.3 2023.11.14
New input parameter: Hard StopLoss Points, if you want to secure your strategie's trades, you can enter a value, so it'll protect each trade with a StopLoss. Whenever you display running Grid strategies (or all information about the Grid is filled out) you'll see now the StopLoss and the TakeProfit Level on the chart. You can now add comment to your trades in Trade mode.
Version 2.2 2023.11.03
Fixed some bugs, capitalization when writing ask or bid now does not matter.
Version 2.1 2023.11.02
Minor changes
Version 2.0 2023.10.30
Added Trailing Stop and Risk Reward ratio, fixed minor issue with Grid Long only and Short only Strategies, whenever Running with Ask/Bid Price, added 2 input parameters: Grid Comment and Zone Recovery Comment, these Comments will be used when placing orders/opening trades with a custom strategy of the user.
Version 1.9 2023.10.13
Updated the name (AdvantEdge -> ManHedger), and the name of MartinGaleMagicnumber to ZoneRecoveryMagicnumber. Fixed a minor bug
Version 1.8 2023.10.03
Implemented a proactive order execution mechanism(Stop and Limit orders will be made instead of price reaching the level -> opening a trade), allowing users to visualize trade volumes before reaching the target level—a valuable enhancement for strategic planning. Upgraded the parameter naming to enhance clarity, transitioning from 'Vol' to 'MaxVol' in strategies. Additionally, resolved any bugs associated with the accurate display of Zone Recovery strategies on the chart. Introduced an intelligent file-saving mechanism that incorporates the account number. This ensures seamless transitions between accounts in the trading terminal without any interference with EA functionality.
Version 1.6 2023.08.17
Fixed a bug in Grid mode: Keep Trading didn't work.
Version 1.5 2023.08.15
Changed the "Martin Gale" mode to "Zone Recovery" mode.
Version 1.4 2023.08.11
Fixed the Dialog minimizing, when changing charts or restarting Metatrader.
Version 1.3 2023.08.07
New feature: Status Quo. Now when running Martin Gale and Grid strategies you no longer have to choose between "Keep Trading" and "Stop at Close", but there is a third option: Status Quo, which will keep your strategy running, but the Startprice won't change, the strategy will be exactly the same as it was for the first time.
Version 1.2 2023.08.03
Fixed some bugs with lotsize of indices.
Version 1.1 2023.08.01
Added 2 inputs: ShortColor and LongColor: You can now choose the colors to display strategies and trades.