TS HedgeBasket MT5
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 MT5 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.
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.
On MT5 platform, we can use the strategy tester to test multiple symbol strategies. Please check out the screenshot about the last two years trading result (2017.8 ~ 2019.8).
When uploading the EA to the MQL5 market, it will be verified automatically. However, the verification process is very very slow on the multiple symbol EA. So there is an input parameter was added to enable the one symbol mode to let the testing/verification run faster:
- One Currency Pair Mode: When this parameter is set to 'true', it trades on the active currency pair only. If you want to test the multiple currency pairs mode, please set the parameter to 'false'. Please note: the back testing of multiple currency pairs is very very slow.
MT4 version is available here: https://www.mql5.com/en/market/product/38817