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Hedge Trade Manager

5

EA Name: Hedge Trade Manager

Description: The "Hedge Trade Manager" EA is a comprehensive tool designed for MetaTrader 4, tailored to manage trades efficiently using a hedge trading strategy. The EA incorporates various settings to provide flexibility and control over hedge trades. This documentation outlines the inputs and parameters to help you configure the EA according to your trading preferences.

Strategy:

This Ea will place a hedge trade whenever the last trade reachs some x pips loss. The trade could be either placed from an ea or manually. There are multiple configurations to set the takeprofit of the hedge trades. Based on the profit settings hedge trades will be closed.

Overall Settings/Input Guide

Name Setting Description
General Settings Marks the start of the general settings section.

Trade Comment Defines the trade comment as "HTM Trades."

Show Logs Determines whether to capture logs; currently set to false.
Magic Number Input Specifies the magic number as 20131111.
Hedge Settings Indicates the start of the hedge settings section.
Enable Hedge Enables or disables the hedge; currently set to true.

Hedge Distance Specifies the hedge distance as 10.
Hedge Lot Increase Mode Determines how the lot size is increased in the hedge; currently set to MULTIPLY (1).

Hedge Increase Factor Sets the increase factor for the hedge as 2.

Max Hedge Step Sets the maximum hedge step as 9999.

Hedge Execution Mode Specifies the execution mode for the hedge; currently set to PENDING (2).

Hedge SL/TP Mode Specifies the stop loss and take profit mode for the hedge; currently set to FIXED_AMOUNT (1).
Hedge Fixed Stop Loss Sets the fixed stop loss for the hedge; currently set to 0 (disabled).

Hedge Fixed Take Profit Sets the fixed take profit for the hedge as 2.

Hedge Equity % Stop Loss Sets the equity percentage stop loss for the hedge as 10.

Hedge Equity % Take Profit Sets the equity percentage take profit for the hedge as 2.

Important Note: Before deploying this EA in a live account, it is highly recommended to thoroughly test it in a demo account to ensure it meets your requirements and functions as expected.

Feedback and Support: We welcome your feedback and suggestions. If you have any improvements or ideas for this product, please share your thoughts. Your feedback is crucial in enhancing the functionality and user experience of our products.

Enjoy trading with Hedge Trade Manager! If you find this EA useful, we appreciate your reviews and recommendations to help us continue developing high-quality tools for traders like you.


Reviews 1
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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Introducing the OrderManager : A Revolutionary Utility for MT4 Manage your trades like a pro with the all-new Order Manager utility for MetaTrader 4. Designed with simplicity and ease-of-use in mind, the Order Manager allows you to effortlessly define and visualize the risk associated with each trade, enabling you to make informed decisions and optimize your trading strategy. For more information about the OrderManager, please refear to the manual. [ Demo ]  [ Manual ]  [ MT5 Version ]  [ Telegr
Pro Arbitrage EA   trades based on Arbitrage Strategy. The strategy is like a scalping technology but on three cross currency pairs at the same time. Each trade basket involves three pairs (all open at the same time) and they will close at once when any desired profit reaches. The strategy has no SL technically because all opened currencies are hedged. SL can happen if high slippages on order execution on the broker side. So the strategy is one of the safest ones in the world. MT4 Limitation :
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Angle of Moving Averages This indicator is very simple yet powerful concept which constantly calculate the slope of the current bar moving average with respect to the N bar before moving average value. This no only give a good entry and exit signal but also it shows traders the strength of the signal. It shows positive green histogram when market is moving toward upward direction and red histograms for downtrend. When large histograms found means market has  very strong trend. Inputs Available
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
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This is very simple strategy based on martingale and reverse martingale strategy. When Ea keeps on winning it multiplies with winning multiplier ,when it has a loosing streak it multiplies with loosing multiplier. Whenever cycle goes from winning to loosing or vice versa the lot size will be reset to default one. This will keep the risk minimized as we are using it for both side. Also when we are in loosing streak we keep on changing the order type from its previous example for example if we hav
Confluence Indicator is unique indicator which collects differnt popular indicators and analyzes their data. It decides an overall trend with its strength. It is not only helpful for identifying the the current picture of the market but also helps traders to stay away from non trending market. It maximize the chance of winning by giving an aggregate picuture of markets best reliable technical indicator settings There are total 7 types of signal which this indicator provides. Each candle will sho
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Ashan Haseem
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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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Version 3.0 2024.01.08
corrected 3rd lot onwards
Version 2.0 2023.11.13
made magic number checking optional