TS HedgeBasket is a multi-currency EA works with multiple major and cross currency pairs.
It is very easy to use. You may attach the EA on any chart of the MT4 terminal, the EA will monitor and trade on up to 10 currency pairs simultaneously.
Starting from version 3.1, the EA trades on 10 optimal currency pairs:
EURUSD, AUDUSD, NZDUSD, USDCHF, EURCHF, CHFJPY, AUDNZD, AUDCAD, AUDCHF, NZDCHF.
The trades are organized with currency "basket". They are grouped and hedged for better management of risks and profits.
For detail information about the EA, please refer to the product blogs:
- Strategy and Features of TS HedgeBasket.
- Getting Started with TS HedgeBasket.
- Input Parameters of TS HedgeBasket.
- User Panel in TS HedgeBasket.
To keep a low relative drawdown that makes us more comfortable, we need more deposit in the account. The recommended setting is 0.01 lot per 1000 USD of deposit. If you want to use the new EA on smaller deposit, you may consider running it on a cent account. Generally, with the 0.01 lot per 1000 dollar setting, the monthly growth is about 5%~10% and the maximum relative drawdown is less than 20% all the time (the future months etc.).
Like other hedging strategies, most of the time there are positions opened with floating loss. It is normal and we don't need to worry about them too much. Because every position has its stop loss and all the positions are monitored by basket for risk management.
Please Note: The MT4 Strategy Tester can test only one currency pair a time. So it is not suitable to test this EA with Strategy Tester.
However, thanks to the MT5 platform, we just released the TS HedgeBasket for MT5. It is using the same trading strategy as MT4 version. And on MT5, we can use the Strategy Tester to test multiple symbol EA. So if you want to know the back test result of this EA, you may have a look at the TS HedgeBasket MT5 on the Market.