Hedgedog The Gold Eater

Hedgedog The Gold Eater is a fully automated Expert Advisor (EA) designed for MetaTrader 5, optimized primarily for trading gold (XAUUSD) on M1 timeframes. The system operates on a dual-entry (hedging) mechanism combined with a dynamic, ATR-based recovery grid to manage open positions. It utilizes Bollinger Bands to identify initial entry points based on price action behavior, specifically focusing on body breakouts or wick rejections.

This EA is engineered with a strong emphasis on account protection and risk management. It does not rely on infinite grids; instead, it utilizes strict daily equity controls and structural failsafes to limit exposure.

Live Performance Monitoring: You can track the real-time performance and historical execution of this strategy via our official MQL5 signal page: Hedgedog Signal Profile .

Core Trading Strategy

• Initial Entry: The EA monitors the Bollinger Bands. When a valid signal is detected (configurable as either a Body Breakout or Wick Touch), it executes a hedged position (opening Buy and Sell orders simultaneously) to balance initial exposure.

• Dynamic Recovery (Martingale): If the market moves against a position, the EA initiates a recovery sequence. Unlike traditional grids with fixed point distances, this EA uses the Average True Range (ATR) to calculate recovery steps dynamically. This allows the grid spacing to adapt to current market volatility.

• Basket Trailing Stop: The EA manages exits using a collective trailing stop. Once a series of positions reaches a defined average profit threshold, the system trails the Stop Loss to secure profits and automatically closes the basket.

• The system has been balanced and stress-tested with a $300 daily equity threshold (Killswitch). Historical testing indicates that while this daily hard stop may be triggered during high volatility phases, the cumulative recovery and profit-generation phases are designed to outweigh these periodic risk limits over the long term.

Advanced Safety & Protection Features

• Daily Drawdown Killswitch (Hard Equity Stop): A primary safety feature. Users can set a maximum allowable daily loss in base currency (e.g., $300). If the floating drawdown hits this limit, the EA instantly closes all open positions and completely halts trading until the next server day.

• Daily Profit Target Rest: To prevent overtrading, the EA tracks daily realized and floating profits. Once the user-defined daily monetary target is reached, it closes all positions and rests until the next day.

• Native MT5 News Filter: Integrates directly with the MetaTrader 5 Economic Calendar. The EA pauses new entries before and after High-Impact USD news events to avoid extreme, unpredictable volatility spikes.

• Anti-Stacking Sweeper: A built-in script that continuously monitors open positions to prevent duplicate orders (stacking) caused by broker latency, requotes, or connection glitches.

• Max Spread Protection: The EA evaluates the real-time spread before executing any initial trade, skipping signals if the spread exceeds the user's acceptable limit.

• Broker-Side Failsafe: Every single order (including recovery trades) is sent with a hard Stop Loss and Take Profit to protect against terminal crashes or severe VPS connection loss.

Operational Features

• Session Time Filter: Trading hours can be strictly defined (configured via standard time inputs on GMT+7), including specific start times for Monday market opens to avoid weekend gap anomalies.

• Telegram Reporting: Capable of sending daily, weekly, and monthly performance recaps, as well as real-time notifications for closed trades and Killswitch activations directly to your Telegram device. (Requires adding Telegram API URL in MT5 WebRequest settings).

Recommendations & Requirements

• Primary Instrument: XAUUSD (Gold)

• Recommended Timeframe: M1

• Account Type: A Hedging account type is strictly required for the dual-entry mechanics to function.

• Minimum Balance: $1,000 for standard lot configurations (0.01 initial lot).

• Environment: A reliable, low-latency VPS is highly recommended to ensure the trailing stop and sweeper functions operate smoothly.