ManHedger MT4

5

THIS EA IS A SEMI-AUTO EA, IT NEEDS USER INPUT.

Manual & Test Version

Please TEST this product before BUYING and watch my video about it.

Contact me for user support or bug reports, or if you want the MT5 version!

MT5 Version

I do not guarantee any profits or financial success using this EA.

With this Expert Advisor, you can:

  • Implement your own Zone Recovery strategy to capitalize on trending markets.
  • Create Grid trading strategies, to profit from ranging markets.
  • Place orders easily and clearly.
  • Display your trades/strategies on the chart.
  • Display your Take Profits/Stop Losses as a percentage.
  • Display volume in monetary amount.
  • Use Trailing StopLoss and Riskreward ratios.
  • Manage your open trades & pending orders
  • Limit your Drawdown & Profits
  • Create Hedging Strategies
  • Open trades with partial takeprofits
  • Open trades with automatic breakeven

This tool has helped me solve many of my own problems, and now I'm trying to help others as well. It can function as both a trade manager and a trading bot at the same time.

The trading strategy I use this utility for is based on the following idea: Most people lose trading forex. Betting against the sentiment with grid strategies seemed to be a profitable strategy for me. Zone Recovery strategies excel at trending market conditions. This is a huge advantage, because predicting direction is much harder than predicting high volatility. Initialising Zone Recovery strategies before news events is another key element of my personal trading strategy.

My advice for using the product:
  • When interpreting zone recovery or grid strategies, it is advisable to set a risk much higher than the gain, with a recommended Risk-Reward ratio of at least 15:1.
  • When changing the gain or risk of a running strategy, it is not recommended to set a much higher gain or a much lower risk, as it may have negative effects on the well-calculated strategies.
  • I do not recommend running zone recovery and grid strategies at the same time on the same security.
  • Setting the EA for the same securities multiple times with the same magic numbers may result in unexpected errors. (The EA distinguishes other EAs with the help of symbols and magic numbers).
  • I do not recommend using the grid strategy with an Orderstep or Density set too high, as the starting order may be too small.
  • I recommend using the EA for securities which have the account currency as either the base or margin currency.
  • With price changing the size of a lot in your base currency may change, re-enter the volume if you are calculating in monetary amount.
  • Don't remove Expert/close chart/close MetaTrader, when a strategy is running.
  • If the Balance is 0 the Expert won't work.

If you encounter any issues or have any feedback, recommendations, or questions regarding the program, please do not hesitate to contact me. I am committed to addressing any concerns and fulfilling your requirements to ensure the best possible experience with the product.


I'm constantly trying to improve this product and new versions can be expected.

I hope I could be of assistance, and that you will find this utility useful.

#Tags: Grid Tool Manual Grid Grid Manual Hedge Tool Hedge Manual Manual Hedge Hedging tool Strategy Builder grid strategy creator hedge strategy trade manager order manager visual display order display trade management trailing stop trailing sl riskreward tool prop firm challenge prop challenge trade assistant order grid management grid trading equity protector protect equity risk manager risk tool drawdown protect drawdown limiter  close all sl breakeven
Comentários 6
Jozsef Lakatos
521
Jozsef Lakatos 2024.03.23 08:22 
 

A promising utility. I really like it; all my respect to the writer. Very well thought out and developed. Keep it up. Thank you very much.

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Notify Telegram is a utility that bridge your MetaTrader4 trading activities to your Telegram chat/channel. It will help you to monitor your MetaTrader4 actions such as placing trade, modifying order's TP/SL, closing trades etc and send a notification message to your dedicated Telegram chat/channel. It does not execute any trade on your MetaTrader4 account. It can be useful for monitoring EA performance or providing signal to your Telegram channel/group subscribed. Parameters Token ="" - enter
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Jozsef Lakatos
521
Jozsef Lakatos 2024.03.23 08:22 
 

A promising utility. I really like it; all my respect to the writer. Very well thought out and developed. Keep it up. Thank you very much.

V2DAY
45
V2DAY 2023.12.07 21:52 
 

O usuário não deixou nenhum comentário para sua avaliação

jgooi777
241
jgooi777 2023.11.23 07:56 
 

O usuário não deixou nenhum comentário para sua avaliação

Peter Mueller
35541
Resposta do desenvolvedor Peter Mueller 2023.11.23 08:07
Thank you for the review, it means a lot to me!
San Takashima
115
San Takashima 2023.10.17 11:12 
 

O usuário não deixou nenhum comentário para sua avaliação

Peter Mueller
35541
Resposta do desenvolvedor Peter Mueller 2023.11.14 20:48
I'm using the built in dialog class, which has an "x" and for some reason the built in combobox, does not enable you to change the size easily, but I'll try to make it better and more customizable (can not promise anything in this regard) I've added comments to the EA since. Sadly these GUI-s are on the heavier side they are more "complex" and require more programming than basic EA-s. What you've mentioned in your 4th point: calculating tp from volume, it is completely possible with this tool, just set your TP inMoney, volume you want to use, leave tp blank and hit calculate, that's it. Thanks for the update and the review I appreciate it
TGY53
126
TGY53 2023.09.24 08:17 
 

O usuário não deixou nenhum comentário para sua avaliação

Peter Mueller
35541
Resposta do desenvolvedor Peter Mueller 2023.09.24 12:27
Thank you for your review!
Chris Ng
19
Chris Ng 2023.08.03 05:18 
 

O usuário não deixou nenhum comentário para sua avaliação

Peter Mueller
35541
Resposta do desenvolvedor Peter Mueller 2023.08.08 00:17
Thanks for the review!
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