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Optimize Your Trades with Multihedge EA v1.3 – A Reliable Forex Robot
Unlock the potential of your trading strategy with Multihedge EA v1.3, a powerful expert advisor designed to enhance your Forex trading experience. This Forex robot, coded in the MQ4 file format, brings efficiency and precision to your trades.
Multihedge EA v1.3 has undergone rigorous testing on brokers like LQDFX and FXOpen, ensuring compatibility across various platforms. Experience seamless integration with any broker, allowing you to focus on maximizing your profits without the hassle of broker-specific issues.
Take advantage of advanced trading algorithms embedded in this EA, providing a strategic edge for both novice and experienced traders. Elevate your trading journey with Multihedge EA v1.3 - the expert advisor that adapts to your unique trading style. Enhance your Forex experience today.
multihedgeea_v1[1].3(1).mq4 18.81 kb, 45 downloads since 2015-04-19
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So, let me break down how this multihedgeea_v1[1].3.mq4Forex EA work. This EA is is designed to help you trade multiple currency pairs simultaneously.
How to Set It Up:
First, you need to attach this EA to your MetaTrader 4 trading platform.
You can specify its settings, like the currency pairs you want to trade (e.g., USDCHF, USDJPY, EURUSD, GBPUSD).
You can also adjust the risk, profit target, and other parameters according to your trading preferences.
EA Settings:
Magic Number (Magic): A unique identifier for the EA's trades. Leave it as 111140 unless you want to use a specific number.
Autotrade: If set to "true," the EA will automatically enter new trades. If set to "false," it won't enter new trades after exiting one.
Currency Pairs: You can select the currency pairs you want to trade. Default pairs are USDCHF, USDJPY, EURUSD, GBPUSD.
Long/Short Option for Each Pair (SymbolXisLong): You can decide whether to go long (buy) or short (sell) on each currency pair by setting "true" or "false."
Ratio for Each Pair (RatioX): This setting helps you adjust the trade size for each pair. A higher ratio means a larger trade size.
Slippage: The maximum allowed difference between the expected price and the actual execution price for a trade.
Lot Sizes (Lotsizes): You can set this to "Set Ratio to 1 to use equal" to have equal trade sizes for all pairs or specify a fixed lot size if "UseAutoRatio" is set to false.
UseAutoRatio: If set to "true," the EA will calculate trade sizes automatically based on your account balance and risk. If set to "false," it will use the fixed lot size specified in "Lot Sizes."
SMA Value for Range (SMA_Value_for_Range): This is a parameter used in the automatic trade size calculation.
Stop Manage Account (StopManageAcc): If set to "true," it will close all trades when this EA is attached to the chart. If "false," it won't close existing trades.
Max Loss (MaxLoss): This sets the maximum total loss in pips or USD. If your losses reach this limit, the EA will close all trades.
Additional Settings:
UseSwap: If set to "true," the EA considers swap rates (overnight interest) in profit calculations.
AccountIsMicro: Determines if your account is a micro account. Micro accounts have different lot sizes.
Profit Target: You can set a specific profit target in pips or USD. When reached, all open trades will be closed.
UsePips: If set to "true," profit targets and values are measured in pips. If "false," they are in USD.
Money Management: When enabled, it calculates trade sizes automatically based on your account balance and risk.
Risk: The percentage of your account balance that you're willing to risk on each trade.
AutoProfit: When enabled, it closes all trades when the price of one currency pair reaches the upper Bollinger Band.
AutoProfitRatio: You can adjust this ratio to determine when the EA should close trades based on the upper Bollinger Band.
EmailReport: If set to "true," the EA will send you email reports.
The EA allows you to trade multiple currency pairs simultaneously, and its strategy involves automatic trade size calculation, the use of correlation indicators, Bollinger Bands filters, and profit-taking mechanisms. It can adapt to different account sizes and risk preferences.
Multiple Pairs: It allows you to trade several currency pairs at once. You can set whether you want to go long or short on each pair.
Money Management: You have the option to manage your trading size automatically or manually. If you choose automatic, it calculates the trade size based on your account balance and risk tolerance.
AutoProfit: You can set a profit target, and when the price of one of your currency pairs reaches that target, all open trades will be closed.
Swap Usage: You can also choose to consider swap rates (overnight interest) in your profit calculations.
Correlation Indicator: It uses a correlation indicator to check the relationship between two currency pairs before placing new orders.
Bollinger Bands Filter: It also uses Bollinger Bands as a filter for trade entries.
This EA seems to offer a lot of flexibility in terms of trading different pairs and managing your trades.
The use of correlation and Bollinger Bands can help filter trades, but it's importan to monitor their effectiveness and adjust settings as needed.
multihedgeea_v1[1].3(1).mq4 18.81 kb, 5 downloads since 2023-11-07
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