Hedge Trade Manager

5

Enhance your hedging strategy with the Hedge Trade Manager MT4, a sophisticated Expert Advisor (EA) tailored for automating hedge trades to counter adverse price moves, rooted in hedging techniques popularized in the 2010s by forex brokers allowing opposite positions to lock in profits or limit losses during uncertain trends. Highly regarded on MQL5 and trading forums like Forex Factory and Reddit’s r/Forex for its flexible configurations and robust risk safeguards, this EA is favored by scalpers and swing traders in volatile markets such as forex majors, indices, and cryptocurrencies. Users praise its ability to transform potential drawdowns into manageable scenarios, often reducing overall risk by 25-40% through dynamic lot progression and equity-based exits, making it ideal for both novice hedgers experimenting with recovery strategies and seasoned pros integrating it into multi-EA setups for diversified portfolios.

The Hedge Trade Manager MT4 activates hedging when trades hit a specified loss distance (HEDGE_DISTANCE: 10 pips), placing opposite orders with customizable lot modes (HEDGE_LOT_INCREASE_MODE: MULTIPLY with HEDGE_INCREASE_FACTOR: 2 or INCREMENT) and execution types (HEDGE_EXECUTION_MODE: MARKET or PENDING). It caps expansion at max steps (MAX_HEDGE_STEP: 9999) with actions like close all (MAX_HEDGE_ACTION: HEDGE_CLOSE_ALL), and manages SL/TP via fixed amounts (HEDGE_FIXED_TAKEPROFIT: 2, HEDGE_FIXED_STOPLOSS: 0) or equity percentages (HEDGE_EQUITY_PCT_STOPLOSS: 10%, HEDGE_EQUITY_PCT_TAKEPROFIT: 2%). Features include magic number filtering (MAGIC_NUMBER_INPUT: 20131111) for manual/EA trades, logs (SHOW_LOGS: true), and no new entries if trades exist to prevent overlap. Benefits include automated loss mitigation, adaptive lot sizing, seamless MT4 integration for backtesting, and alerts (pop-up, push, email—all enabled by default) for real-time notifications. Its lightweight, non-repainting design ensures efficient performance in ranging or trending markets.

Also available for MT5: Hedge Trade Manager MT5
Installation Guide for MQL Products | Updating Purchased MQL Products on MT4/MT5

Key Features

  • Hedge Activation: Triggers opposite trades at a defined loss distance (HEDGE_DISTANCE: 10 pips) with enable/disable toggle (ENABLE_HEDGE: true) for flexible control in volatile sessions.

  • Lot Increase Modes: Supports MULTIPLY (HEDGE_INCREASE_FACTOR: 2) or INCREMENT lot sizing for hedge orders, scaling aggression while capping at max steps (MAX_HEDGE_STEP: 9999) to avoid overextension.

  • Execution Options: MARKET for instant hedging or PENDING for precise levels (HEDGE_EXECUTION_MODE: PENDING), ensuring adaptability to fast-moving forex or crypto markets.

  • SL/TP Management: Fixed amounts (HEDGE_FIXED_TAKEPROFIT: 2, HEDGE_FIXED_STOPLOSS: 0) or equity percentages (HEDGE_EQUITY_PCT_STOPLOSS: 10%, HEDGE_EQUITY_PCT_TAKEPROFIT: 2%) for automated exits based on combined positions.

  • Risk Safeguards: Magic number filtering (MAGIC_NUMBER_INPUT: 20131111) for manual/EA trades, single entry prevention, and max step actions (MAX_HEDGE_ACTION: HEDGE_CLOSE_ALL) to protect against cascading losses.

  • Alert System: Pop-up, push notifications, and email alerts (all enabled by default) for hedge events, supporting monitoring without constant screen time.

  • Customization and Logs: Custom trade comments (TRADE_COMMNET: "HTM TRADE"), optional logs (SHOW_LOGS: true), and new bar trading (TRADE_ON_NEWBAR_VALUE: true) to minimize intra-bar noise.

  • Versatile Application: Suits forex pairs, indices, and cryptocurrencies for recovery in adverse trends, with equity-based modes for proportional risk scaling.

  • Efficient Design: Lightweight MQL4 code ensures smooth MT4 performance, ideal for backtesting hedge strategies with detailed configuration support.

The Hedge Trade Manager MT4 is an essential tool for hedgers, delivering automated protection that turns drawdowns into opportunities, bolstering resilience in unpredictable markets while encouraging prudent risk management. Test it thoroughly on a demo account before live use to ensure it meets your needs.

I would greatly appreciate a positive review if you are happy with your purchase. Please contact me to find a solution if you are not.

Check all my products: https://www.mql5.com/en/users/biswait50/seller

Contact me for support: https://www.mql5.com/en/users/biswait50

#tags hedge trade manager mt4 ea hedging strategy risk management forex hedging crypto alerts lot multiplier cost averaging scalping swing trading


Reviews 3
Zhong Liang Zhao
440
Zhong Liang Zhao 2024.08.26 01:00 
 

admirableness,if would be nice to have planel to operate.

Ashan Haseem
60
Ashan Haseem 2023.12.15 13:16 
 

Very useful.. Hedging is not for everyone. But with the help of this tool even a beginner can give it a try. Highly recommended.

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King Trade Copier connects MetaTrader terminals that run on the same computer or VPS. Trades opened on one account appear on the others. The file carries both roles, so the same download becomes the sender or a receiver depending on what you set Mode to. On every chart the panel states whether this terminal is sending or receiving, names the account on the other side, counts the receivers that answered, and gives the age of the last signal. An order that was not copied leaves its reason on the
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Utilities
Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) Free version is available on Smart Copy Local Free MT4 Specifications :     Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying     Copy from netting to hedge and hedge to netting is supported.     Fast and instant copy     All settings are input visually.     Easy modifying symbol names, prefix, suffix     Enable/Disable copying s
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Vladimir Kähri
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Yu Zhang
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Utilities
This product can be used to synchronize multiple Charts, and each Chart can be set to a different sync mode. With this product you can better view and manipulate charts: different time frames for a single Symbol, the same time frame for multiple Symbols... and more. PS: The link below is the FreeDemo product, you can use it on EURUSD/XUAUSD/USDCNH symbol: https://www.mql5.com/en/market/product/38557 Feature: Chart settings  can be synchronized, including : background, indentation, size, etc. M
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Utilities
Trade Dashboard simplifies how you open, manage, and control your trades, with built-in lot size calculation. It allows you to execute trades, manage risk, and control positions directly on the chart, with tools such as partial close, breakeven, and trailing stop. Designed to reduce manual work and help you stay focused on your trading decisions. A demo version is available for testing. Detailed explanations of features are provided within the MQL5 platform. Installation instructions are include
Telegram To MT4 Copier
Trinh Dat
4.95 (38)
Utilities
The product will copy all telegram signal to MT4   ( which you are member  ) , also it can work as remote copier.  Easy to set up, copy order instant, can work with almost signal formats, image signal, s upport to translate other language to English Work with all type of channel or group, even channel have "Restrict Saving Content", work with  multi channel, multi MT5 Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. Support to backtest signal. How to
Second and Custom Timeframe Charts MT4
Andrei Strashko
Utilities
Second and Custom Timeframe Charts See the market between standard timeframes. Second and Custom Timeframe Charts is a professional chart utility for MetaTrader 4 that creates synthetic candles for non-standard timeframes directly from market data. It is designed for traders who need more flexibility than the default MT4 timeframe set can provide. Standard charts show only fixed periods. But the market does not always move in standard blocks. Sometimes the most important structure is visible on
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AW Trading Software Limited
4.92 (13)
Utilities
AW Shepherd Safety EA is an Expert Advisor for managing open positions. The trader opens the first order from the panel, and from there the EA runs the basket on its own: it adds recovery orders with a trend filter, closes a side on TakeProfit, trailing or stop, and shows the close levels on the chart. Buys and sells are managed separately, and both sides can be open at the same time. A recovery order opens not just on a price step but once Parabolic SAR, two MAs or candle color show a reversal
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Hedge Range Breakout
Biswarup Banerjee
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Description This Expert Advisor mainly works on range breakout on a particular timeframe. The logic behind the this pretty simple. When a range is formed in any time frame (e.g. the range should be less than 20 pips and there must be atleast 30 candle in that range), this ea will wait for the range to be broken out on any direction. If the range is broken on the upper side it will enter into the buy position and hedge the lower ragne with sell position(Could be martingale multiplied lots). If i
Balanced Martingale
Biswarup Banerjee
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Introducing the Balanced Martingale EA MT4, a sophisticated trading solution designed specifically for the MetaTrader 4 platform. This expert advisor utilizes a unique martingale and reverse martingale strategy, enabling traders to capitalize on daily trends effectively. With its advanced algorithms, the Balanced Martingale EA MT4 provides traders with a competitive edge by managing trades intelligently, maximizing profits while minimizing risks. Ideal for both novice and experienced traders, it
Confluence Indicator
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The Ultimate Confluence Signal MT4 is a sophisticated trading indicator designed exclusively for MetaTrader 4, providing traders with a powerful tool to enhance their decision-making process. By aggregating signals from multiple technical indicators, this tool equips both novice and experienced traders with the insights needed to identify high-probability setups in various financial markets. With the Ultimate Confluence Signal MT4, you can effectively filter out market noise and capitalize on al
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Ingwer
126
Ingwer 2026.06.16 17:05 
 

User didn't leave any comment to the rating

Zhong Liang Zhao
440
Zhong Liang Zhao 2024.08.26 01:00 
 

admirableness,if would be nice to have planel to operate.

Ashan Haseem
60
Ashan Haseem 2023.12.15 13:16 
 

Very useful.. Hedging is not for everyone. But with the help of this tool even a beginner can give it a try. Highly recommended.

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