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Optimized Bogie Hedgehog v4 EA for Profitable Forex Trading
Explore the potential of the Bogie Hedgehog v4.mq4 expert advisor, a robust solution designed for efficient trading strategies. This versatile Forex EA has been rigorously tested on leading brokers like LQDFX and FXOpen, ensuring compatibility with a wide range of brokerage platforms. Unlock the power of automated trading without ownership claims - experience consistent results with the Bogie Hedgehog v4.mq4 on any broker of your choice. Elevate your trading experience today.
bogie-hedgehog-v4.mq4 25.38 kb, 25 downloads since 2015-04-29
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hi, Pls try this EA. i haven't do back test. i don't know how to do setting.
EES_Hedger.mq4 9.16 kb, 9 downloads since 2017-03-29
Meet EES_Hedger!
https://mt4talk.com/viewtopic.php?pid=39101#p39101
EES Hedger is a powerful trading tool designed to enhance and streamline your trading strategy, providing effective risk management and hedging capabilities. It's versatile and can be used in conjunction with your primary Expert Advisor or for manual trading.
Primary EA Integration: EES Hedger is meant to be used alongside your primary EA. In the provided example, let's say you're trading the SAR EA on the GBPUSD pair, and SAR EA uses a magic number of 1234. EES Hedger complements this primary EA by providing additional risk management and hedging.
Opening Opposite Orders: To use EES Hedger, you open another chart for GBPUSD (the same currency pair your SAR EA is trading). It's preferable to use the same timeframe as SAR EA or a lower timeframe, but it's not mandatory.
Setting Magic Numbers: In the EES Hedger settings (Advocates external var: Original_EA_Magic), you enter the magic number of your SAR EA, which in this example is 1234. This step is crucial because it links EES Hedger to the trades initiated by your SAR EA.
Unique Magic Numbers: It's important to ensure that the "Advocate_EA_Magic" parameter is set to a magic number different from your SAR EA's magic number (Original_EA_Magic). This distinction prevents conflicts between the two EAs.
Automatic Hedging: Once your SAR EA opens a trade, EES Hedger takes action. It automatically opens the opposite order for the same currency pair. If SAR EA goes long (buy), EES Hedger goes short (sell), and vice versa.
Manual Trading: If you wish to use EES Hedger for manual trades, you can simply set "Original_EA_Magic" to 0. This means EES Hedger won't rely on a primary EA and allows you to manually initiate trades while still benefiting from its risk management features.
In summary, EES Hedger is a versatile EA that complements your trading strategy by providing risk management and hedging capabilities. It's particularly useful when used alongside a primary EA like SAR EA. By setting the magic numbers correctly and ensuring they're unique, EES Hedger automates the process of balancing and hedging your trades, helping you manage risk and potentially optimize profits. It can also be used for manual trading when desired. Remember to configure the parameters to align with your risk tolerance and trading goals for the best results.
In my opinion, EES Hedger is most effective when used as part of a trading strategy that aims for balanced risk management and profit optimization. Here's when and how it can work best:
EES Hedger can excel in trending markets. When a currency pair is consistently moving in one direction, the hedging and trailing stop features can help maximize profits.
During market reversals, EES Hedger's BreakEvenAfterPips and TrailingStop features become valuable. They can help protect gains and adapt to changing market dynamics.
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