Bogie Hedgehog V4F Forex EA - Proven Results on LQDFX and FXOpen!

Unlock unparalleled trading success with our Expert Advisor, Bogie Hedgehog V4F. This Forex Robot boasts a track record of consistent profits, ensuring optimal performance on reputable platforms like LQDFX and FXOpen. Elevate your trading experience with this reliable Forex EA - your key to automated financial success. Download now for a smarter approach to Forex trading!

Download Bogie-HedgeHog-v4f Expert Advisor

The EA's strategy is based on the concept of moving averages and price action. It opens buy positions when the current price is below a moving average and sell positions when the current price is above the moving average. It can also use stop losses, trailing stops, and various money management options to manage trades.

How the EA Works:

The EA uses a set of trading rules based on the "HedgeHog" trading strategy from ForexTradersDaily.com.
It operates on the MetaTrader 4 platform, and you can use it to automate your trading strategies.
The EA can open both buy (long) and sell (short) positions based on certain conditions.
Key Functions:

GMT Offset: It adjusts the GMT offset to match your broker's time zone.
Days Open: The EA will close all open trades after a specified number of days (DaysOpen).
Stop Loss 2: It sets a stop loss for open trades when both DaysOpen and StopLoss2 limits are exceeded.
Step: It defines the percentage price change required to execute trades.
Bar Period: You can select a specific timeframe for determining when to start a new bar (candle).
MA Trend Period: Sets the period for the daily moving average used in the strategy.
MA Mode: Choose between different moving average modes (SMA, EMA, SMMA, LWMA).
MA Price: Select the price type used in calculating the moving average.
Lots: Determines the initial lot size for trades.
Multiply: Factor to increase the lot size for subsequent trades.
Max Trades: Sets the maximum number of open positions.
Stop Loss: Defines the stop loss level for each trade.
Trailing Stop: Activates trailing stop functionality with a specified pip value.
Money Management: Enable or disable money management features for adjusting lot sizes.
Risk: Sets the risk percentage for calculating lot sizes (if money management is enabled).
Account Type: Choose between different account types (Normal Lots, Mini Lots, Micro Lots).
Magic Number: Assign a unique identifier to the EA's trades.
Record Data: If true, records trade open time and maximum Array (MaxDD) when using the Strategy Tester.
Backtest Spread: Adjusts the spread used in backtesting to match current Demo/Live spread.

How to Set It Up:

Copy the EA code into your MetaEditor and compile it.
In MetaTrader 4, go to "Tools" -> "Options" -> "Expert Advisors," and make sure "Allow automated trading" is checked.
Drag and drop the EA onto a chart of your chosen currency pair.
Adjust the EA's settings as per your preferences.

Here's a suggested setting:

Currency Pair: EUR/USD Time Frame: 1-hour (H1)

Parameters:

GMT Offset: Auto-adjust to broker's time zone.
Days Open: 5 days
Stop Loss 2: 50 pips
Step: 0.1%
Bar Period: 1 hour (H1)
MA Trend Period: 20
MA Mode: EMA (Exponential Moving Average)
MA Price: Close
Lots: 0.1
Multiply: 2.0
Max Trades: 5
Stop Loss: 30 pips
Trailing Stop: 20 pips
Money Management: Enabled
Risk: 2% of account balance
Account Type: Mini Lots
Magic Number: 12345
Record Data: True
Backtest Spread: Current Demo/Live spread
Time Zones:

Make sure the EA is set to automatically adjust the GMT Offset to match your broker's time zone. This ensures that the EA operates in sync with your broker's server time.
Time Sessions Settings:

This strategy does not explicitly specify time sessions. However, you can consider trading during the major overlap sessions in the forex market, which are:London Session (8:00 AM - 4:00 PM GMT): Consider trading during this session for increased liquidity and trading opportunities.
New York Session (1:00 PM - 9:00 PM GMT): Another high-liquidity session for potential trading.
Minimum Account Balance:

It's recommended to have a minimum account balance of $1,000 to effectively use this strategy, considering the risk management settings.

Share

Facebook Twitter Print Pinterest Gmail Email App