Bogie Hedgehog V4c Forex EA for Efficient Day Trading

Unlock the potential of your trading with the Bogie Hedgehog V4c (Bogie-Hedgehog-V4c.mq4) Forex Expert Advisor. This versatile EA has been rigorously tested on brokers like LQDFX and FXOpen, ensuring compatibility with various trading environments.

Experience enhanced trading performance and seize opportunities across the forex market. Bogie Hedgehog V4c is designed for dynamic day trading, offering strategic insights without any ownership claims. Elevate your trading journey with this powerful EA that adapts seamlessly to any broker.

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my country is Albania.

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Forex Profits with Bogie-HedgeHog-v4c EA!

The Bogie-HedgeHog-v4c helps you decide when to buy or sell a currency pair. This EA uses Moving Averages (MA) and monitors the price movement. When the conditions align, it triggers a trade.

How this EA works:

It keeps an eye on the MA (Moving Average) trends over a specified period.
When the current MA crosses the previous MA, it generates a buy or sell signal.
The EA then calculates the ideal trade size based on your risk settings.
It opens a market order at the best available price.

Setting it up:

Getting started is a breeze:

Download the Bogie-HedgeHog-v4c.mq4 file.
Install it on your MetaTrader 4 (MT4) trading platform.
Attach the EA to your preferred currency pair chart.
Adjust the parameters to your liking:

Parameters:

DaysOpen: Specifies the number of days since opening a trade, after which the EA will close all trades.
StopLoss2: Sets a limit on both the number of days specified in DaysOpen and a stop loss limit. When exceeded, the EA closes all trades.
step: Represents the percentage price change required to execute trades, serving as a sensitivity parameter for trade initiation.
BarPeriod: Allows you to select the period for determining when a new bar starts on the chart. This parameter influences the EA's decision-making based on bar intervals (e.g., 1 minute, 5 minutes, 1 hour, etc.).
MATrendPeriod: Defines the number of daily bars used for averaging when calculating the moving average. It affects the sensitivity of the moving average indicator.
MA_Mode: Allows you to choose the mode for the moving average calculation (e.g., Simple Moving Average, Exponential Moving Average, Smoothed Moving Average, or Linear Weighted Moving Average).
MA_Price: Enables you to select the price type used for the moving average calculation (e.g., Close, Open, High, Low, Medium Price, or Typical Price).
Lots: Specifies the initial lot size used when opening trades, determining the trade size for each order.
multiply: Acts as a factor to increase the lot size from the initial trade when multiple trades are opened, adjusting position sizing.
MaxTrades: Sets the maximum number of orders the EA is allowed to open simultaneously.
StopLoss: Defines the stop loss level for the trades, determining the maximum loss tolerance per trade.
TrailingStop: Specifies the number of pips to trail the stop loss, enabling dynamic adjustment of stop levels as the trade moves in a favorable direction.
mm: If set to 1, this parameter enables money management, where the lot size is calculated based on account size and risk.
risk: Works in conjunction with money management (mm) and represents the risk percentage used to calculate lot sizes based on account size.
AccountType: Allows you to specify the account type (e.g., Normal Lots, Mini Lots, or Micro Lots), affecting position sizing.
BrokerIsIBFX: Set to true if your broker follows the IBFX type specifications.
BrokerPermitsFractionalLots: Set to true if your broker allows fractional lot sizes.
MagicNumber: A unique identifier assigned to orders placed by the EA, helping to distinguish them from other trades.
RecordData: When enabled, the EA records trade open time and Maximum Array (MaxDD) information during backtesting using the Strategy Tester.
BacktestSpread: Adjusts market stops from a fixed backtest spread to the current demo/live spread, ensuring more realistic backtesting results.
ArrowsColor: Specifies the color for the arrows that indicate trade entry and exit points on the chart.

DaysOpen: 7 (Closes all trades after 7 days)
StopLoss2: 25 (Stop loss limit)
step: 0.17 (Percent price change to execute trades)
BarPeriod: H1 (Select your preferred time frame)
MATrendPeriod: 5 (Moving Average period)
MA_Mode: 0 (SMA) (Select Moving Average type)
MA_Price: 0 (Close) (Choose the price to base calculations on)
Lots: 0.01 (Starting lot size)
multiply: 2.0 (Factor to increase lot size)
MaxTrades: 4 (Maximum number of orders to open)
StopLoss: 175 (Stop loss in pips)
TrailingStop: 72 (Trailing stop in pips)
mm: 1 (Money management: enabled)
risk: 10 (Risk percentage for lot size calculation)
AccountType: 2 (0 for Normal Lots, 1 for mini lots, 2 for micro lots)

BrokerIsIBFX: false
BrokerPermitsFractionalLots: true
MagicNumber: 54321
RecordData: False
BacktestSpread: 3
ArrowsColor: Black

For optimal performance, consider these settings:

Currency Pair: You can use the EA with any currency pair.
Timeframe: The EA is designed to work on the Daily (D1) timeframe.
Minimum Balance: It's recommended to have a balance of at least $1000 when using this EA on a micro lot (AccountType: 2) to manage risk effectively. Adjust the balance accordingly if you use different lot sizes or account types.

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