LL Hedge EA MT5

REMEMBER THAT TO OBTAIN POSITIVE RESULTS YOU MUST USE A RAW ACCOUNT WITH LOW SPREADS, TRADE ON SYMBOLS WITH LOWER SPREADS BETWEEN BID/ASK PRICE, ALWAYS FOLLOW THESE 3 FUNDAMENTAL RULES IN YOUR SET:
- TP AND DISTANCE MUST HAVE THE SAME VALUE
- SL MUST ALWAYS HAVE A DOUBLE VALUE OF TP AND DISTANCE
- LOT MULTIPLIER MUST HAVE A VALUE GREATER THAN 2 (BETTER 3)

EURUSD M15 Set -> lotsize 0.01 | SL 50 | TP & Distance 25 | Coefficient 2.5 | Max Orders 20 | Money SL (according to your balance) - Recommended Deposit 10.000$

XAUUSD M15 Set (High Risk/Reward) -> lotsize 0.01 | SL 1500 | TP & Distance 750 | Coefficient 3 | Max Orders 20 | Money SL (according to your balance) - Recommended Deposit above 10.000$

XAUUSD H1 Set (Medium Risk/Reward)-> lotsize 0.01 | SL 4000 | TP & Distance 2000| Coefficient 3 | Max Orders 20 | Money SL (according to your balance) - Recommended Deposit 10.000$

XAUUSD H1 Set (Low Risk/Reward)-> lotsize 0.01 | SL 8000 | TP & Distance 4000| Coefficient 3 | Max Orders 20 | Money SL (according to your balance) - Recommended Deposit 3.000$

LL Hedge EA is an expert advisor based on a very simple hedging strategy.

The hedging strategy works like this: the EA open a position in the trend direction (identified via MA cross). A few milliseconds after placing the Buy market order, the EA places a Sell Pending Stop with the selected lot multiplier and distance.
The TP and the SL are reversed for both orders, so if the first TP of the Buy is not reached, and the price goes down, the Sell Stop become an active Sell.
So when you hit the SL of the first Buy, you also hit the TP of the Sell, which is 2 o 3 times bigger than the SL, according to your selected multiplier.
If also the Sell TP is not reached by the market price, a Buy Stop Pending is placed over the original Buy entry, so everywhere the market wants to go, you also hit SL and TP at the same time... And TPs are always bigger than SLs.
An example of settings for TP, SL and Distance is a constant ratio of 25/50/25 or 50/100/50 for forex pairs, or 1000/2000/1000 for Gold. So TP and Distance will be the same value, then the SL will always be 2 times TP/Distance values.
You can also experiment by yourself to find alternative settings that suits your trading target.

The crucial point of this strategy is to find a time period when the market will move enough. So you should prefer high volatility pairs and assets, than a ranging one.
Also money management is the second key, so you have to choose a low start lot to let the EA open larger pending orders, I suggest 0.01 cause you also have to consider a multiplier of 2.5 or 3.0 for each consecutive order.
See images below for a visual explanation of the strategy.

Here are the input settings:

• EA Mode: Stealth mode use only market orders. ATR mode autoset the TP/SL/Distance parameters. Legacy mode use pending stops for hedging orders.
• Autotrade: true by default, the EA opens positions automatically. I suggest to use this function under your personal supervision. If you choose false, you have 2 buttons on the panel to start open a position.
• Initial Lotsize: is the lot of the first trade, both for Stealth, Legacy or manual mode.
• TP: here you can input the TP of every order in points (in Stealth Mode this value sets also the Distance and SL between orders with autocalculation)
• Distance: here you can input the Distance of every hedging order in points, this value must be the same as TP (works ONLY on Legacy Mode)
  
• SL: here you can input the SL of every order in points, this value must be double of TP/Distance (works ONLY on Legacy Mode)
• Money SL: here you can input the max loss in money you would have on every cycle.
• Lot Multiplier: this is the coefficient for next pending order. I suggest to use a value greater than 2.5
• Max Orders: max numbers of open orders (both buy and sell)
• Max Lotsize: max lotsize reachable for positions/orders
  
• Trade on New Bar: If active, it allows the EA to open a new cycle only when the new candle opens (this is for the first order only)
• Start/End Hour: Time filter for opening a new cycle in autotrade mode (positions and subsequent hedging orders continue to be open even outside the filter hours)