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Hedging Forex EA1

An idea of testing hedge EA in the strategy tester will be given in this article. As you know, the strategy tester has its own limit unabling to open any order for another symbol. Every user that would like to test his/her own hedge Expert Advisors needs to test it/them live only. But does this limit our capabilities? I am sure that every hedge trader needs to test his own EA before trading live. So, I am giving the idea of generating a virtual strategy testing behavior (tester-like) to you all with hope that it can help us break through the mt4 strategy tester limit and hope that it will useful for further usage.

Parameters:

  • Lot1: Manual Lot Size
  • Auto_Lot: Set true to automatically calculate optimal Lot Size based on risk preferences, Set False if you want use manual lot size.
  • Max_Risk: Max Risk as percentage of Equity* the greater this percentage is the greater the lot size if auto lot is used.
  • Take_Profit: Take Profit in points adjusted for 30 or 20 Digits brokers.
  • Stop_Loss: Stop Loss in points adjusted for 50 or 30 Digits brokers   Prefer not to use.
  • Start_Time: Start Time in GMT time. EA starting Time.
  • End_Time: Ending Time in GMT time. EA Ending Time.
  • Continuous_trading =true Keep working nonstop = false  The Expert is deleted from the chart after the total profit of the transactions .
  • Magic_Number: EA Magic Number

Currency:

EA technically works on any currency pair, but for best results use

it on the following currencies: EURUSD  GBPUSD USDJPY USDCHF AUDUSD EURJPY USDCAD . or any other currency whose spread less than 8pips

Time Frame:

5 Minute Time frame

Minimum recommended amount and Leverage :

Min Recommended Leverage: 1:400 or More.

Min Recommended Deposit : 1000 USD or Equivalent amount.

Lot 0.01

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