Hedging Strategy EA

================== FULL VERSION =====================

Automatically hedge the open order after initially opening a trade. 

Important Notes:

- Hedging account is required.(Check on your broker)      

- Magic no./Expert ID should be set upon placing an order. Magic# is set per currency pair. Use a Script/Indicator. Try this. 

Download the 'Order Management Script Tool' Trading Utility for MetaTrader 4 in MetaTrader Market (mql5.com)

- Auto Trade >>> should be disabled on live account. It is for testing purposes only.

- Moving Average Period >>> open a trade if price closed below/above the MA Period. (Auto Trade is enabled)

- Last Candle Size in Pips >>> open a trade if last candle X pips closed above/below MA Period

- Time Frame >>> Moving Average Period Time Frame

- Lot Size >>> used if Auto Trade is enabled

- Buy Order Magic# >>> set the Buy Magic# based on open buy Magic#

- Sell Order Magic# >>> set the Sell Magic# based on open sell Magic#

- Buy/Sell Magic# should not be the same

Risk/Reward:   Hedging will stop until Take Profit is Hit or Free Margin is not enough to open another trade. If your Take Profit is not Hit yet, please take note that you'll lose the trade if there's no enough money/free margin left to open another trade. Hedging Strategy is limited based on your account size and initial order lot size. It means that you'll only have a number of consecutive stop losses it can take based on your free margin.

Please refer to screenshot.

1 - Sends order automatically based on last candle size and moving average period. Use only in strategy tester, disable in live trading.

2 - Lot size when Auto Trade is enabled.

3 - Last candle size to enter a trade.(Auto Trade is enabled)

4 - Moving Average Time Frame

5 - Moving Average Method

6 - Moving Average Period

7 - Matched the buy order magic number with your buy placed order magic no., then set #8 any different sell magic no.

8 - Matched the sell order magic number with your sell placed order magic no., then set #7 any different buy magic no.

9 - Max Spread Value

10 - Delete orders if current spread > max spread value set

11 - Cancel limit order if 1:1RR is already reached

12 - Cancel limit order if price closed above/below moving average

13 - Cancel limit order when no. of new candles reached after placing an order

14 - No. of new candles 

15 - Close orders if there's no enough money/margin left to trade


FREE Tools:

https://www.mql5.com/en/market/product/60301  - Order Management Script

https://www.mql5.com/en/market/product/77073  - Fibonacci Entries

https://www.mql5.com/en/market/product/77072  - ADR Pips Meter

Strategies:
ForexGearPro – Forex Trading Strategy

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Trade Copier Pro is a tool to copy trade remotely to 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 not be able to receive t
Smart Channel M4
Vahidreza Heidar Gholami
The trend in the market can be predicted using trend lines but the problem is you don’t know where exactly the price is going to touch the trend line where you can put your pending orders on. Smart Channel Expert Advisor makes it possible to put an advanced channel around the price data, which can be configured to handle placing orders, opening and closing positions, managing risk per trade, spread, slippage, and trailing stop-loss and take-profit automatically. Features Money Management (Calcul
Le Local Trade Copier EA est une solution pour les commerçants individuels ou les gestionnaires de compte qui ont besoin d'exécuter des signaux commerciaux à partir de sources externes ou qui ont besoin de gérer plusieurs comptes en même temps, sans avoir besoin d'un compte MAM ou PAMM. Il copie jusqu'à 8 comptes maîtres vers un nombre illimité de comptes esclaves [ Guide d'installation | Guide de mise à jour | Dépannage | FAQ | Tous les produits ] 100% auto-hébergé Facile à installer et à util
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Mothusi Malau
1 (1)
️ Hedge Trade — Smart Fixed-Offset Hedging EA Turn adverse moves into controlled recovery cycles. Hedge Trade is a professional-grade MetaTrader 4 Expert Advisor that protects any open trade by automatically placing and managing one intelligent hedge order. It’s built for traders who prefer to open their own base position but want an automated, disciplined hedging system to manage drawdown and capture counter-moves — safely, transparently, and without martingale. Key Features Automatic Hedg
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