PZ Hedging EA MT4

This EA will turn your losing trades into winners using a unique imbalanced hedging strategy. Once the initial trade moves into negative territory a predefined number of pips, the recovery mechanism will kick in: it will place a limited amount of alternative trades above and below the current price, until all of them can be closed with a small net profit.

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Features

• Easy to use and supervise
  
• Trade easily using chart buttons
• Fully customizable position management
• Controlled and pre-calculated risk exposure
• Implements many automated entry strategies
• Trades micro accounts from $1,000
• Filter trading by forex sessions
  
  

How to get started

1. Load the EA to any chart and timeframe
2. Edit the settings until the risk is acceptable
3. Trade using the chart buttons or Enable an entry strategy
   
4. Let the EA work and book a profit
5. Repeat!

Usage Tips

• Load the EA and trade using the chart buttons
• Don't trade any other EA in the same symbol
  
• Take only one initial trade per symbol -never two or more-
• If the buy/sell buttons are not displayed, it means the EA is busy
• The EA can trade many symbols independently at the same time
• But be careful: never, ever, load the EA twice on the same symbol
• There is no need to set a different Magic Number to trade different symbols
• Trade from a VPS or leave your trading computer turned on 24/5
• Try to never unload the EA to assure the atomicity of the process
• Big spread hikes affect the EA negatively. If possible, trade from a fixed spread account
  
• In fixed spread accounts, using a small zone proves beneficial for performance
  
• However, a safe zone for variable spread accounts is +100 pips
  
• Avoid taking a trade if you expect the market to stay flat

Technical Information

• The automated entries of the EA are evaluated at bar closing
• The EA uses pending orders, connection lag should not be an issue
  
• The EA won't trade live if there is risk of a margin call with current settings
• However, the EA will trade in the tester with any settings, regardless of risk
• The take-profit for the first trade is evaluated in stealth mode, no TP order is placed
  
• The EA trades a manual lot size: the tester won't reflect compounding profits
• The session filters are implemented in GMT time and only apply to automated entries
• Trades have no individual SL or TP because they are managed as a basket (a single deal)
  
• During a recovery, the EA can have many trades opened at the same time
• If the market gaps and a pending order is missed, the EA will hedge at market
  
  

Input Parameters

• Lotsize: Lot size of the initial trade.
• Break-even: Profit in pips at which the EA moves the stop-loss above/below the open price for the first trade.
  
• Break-even Behavior: Upon breakeven, the SL can be moved to the open price, or secure part of the profits.
  
• Trailing Stop: Trailing stop expressed as % of current trade profit.
  
• Trailing Step: Minimum increase in pips for the trailing stop.
  
• Take Profit: Stealth take profit for the first trade.
  
• Entry Strategy: The EA implements some automated entry strategies to facilitate backtesting.
  
• Trades: Max amount of trades to place during the recovery process
  
• Zone: Distance in pips between the alternative orders in the recovery process
  
• Behavior: The level of aggression of the recovery process
• Profit Target: Profit target in pips for the recovery process
  
• Trade Asian Session: Enable auto-trading during asian session
  
• Trade European Session: Enable auto-trading during europe session
• Trade American Session: Enable auto-trading during american session
• Magic Number: The EA uses the magic number to identify its trades
  
• Custom Comment: Enter your custom comment for trades
  
  

Support and questions

Use the helpdesk for questions or timely support. Write an email to: help [at] pointzero-trading.com.

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