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HEDGE YOUR WAY TO PROFITS EVERY TRADE
If you are a scalper or intraday trader it doesn't matter, this tool is so good, especially if you think it’s hard to determine in which direction the market will go, this robot solves that for you by changing direction depending on in which direction price moves so you win no matter which direction it moves (when price moves to either of the red lines as seen on the screenshot, it wins with the profit target you have set up).
The only risk you have is if price is consolidating (stays in one place).
Hedge Ninja is a semi-automatic trading tool that you setup with the hedge settings below. When you tell it to trade, either buy or sell it then handles everything for you.
Every time the robot changes direction, it will cover up for your previous losses, so when you reach either of the red lines, your profit will be what you decided it to be.
A good rule of thumb is to use a pretty high risk to reward, or you will end up in heavy drawdown early on. What you want is for the price to move, and once it starts to move, you're moving straight towards your profit money :)
A trade cycle is all your combined hedge trades together. So each cycle aims to open one or more positions, counted together as one unit, and when all trades in that cycle are in total profit or drawdown that you decided, it will close all trades.
How many points your hedge distance is before the EA changes trade direction.
Is how many points closer to the middle of your hedge center each trade will have. This is good as the lot size and number of trades increases, the bigger chance it will move away, so you can prevent some drawdown using this. But be aware, don't have too high a number here so you ever reach the middle then it will be negative.
How many points away from your hedge (both above and below) is your desired target. It's not exact but the EA calculates lot sizes the best it can to have your target reached desired price levels.
The second target value is where you choose how much percent of your account balance that you want to achieve at your target pts level.
How many % are you allowed to use for your hedge trades before it closes everything in loss?