SMA MultiHedge2 Forex EA - Proven Performance Across Brokers

play GBPUSD as a BaseSymbol and if SMA is heading up;

- go long GBPUSD and hedge EURUSD short to reduce the risk but i also hedge USDCHF long too that's it;

- then due to the EA let me show an example;

- set the avilable hedge symbol to 3 , EURUSD-USDCHF-USDJPY as defalt if you dont want to hedge USDJPY just set "HedgeH3" to false but if you want to hedge USDJPY

- set "H3.followBase" to true (default) if you want to send order the same way of GBPUSD;

The SMA MultiHedge EA works with the GBPUSD as the main currency, which is like the boss currency. When the Simple Moving Average (SMA) goes up, it does some cool things:

1. It buys GBPUSD to make money.

2. It sells (short) EURUSD to lower the risk.

3. It buys (long) USDCHF to balance things out.

It can also work with other currencies like USDJPY, but you can choose to use it or not. If you want to use USDJPY, just set "HedgeH3" to true and let it follow the same way as GBPUSD.

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SMA MultiHedge2 Expert Advisor

This EA uses Simple Moving Averages (SMA) to analyze market trends.
It automatically manages multiple trades to maximize potential profits.
You can hedge against correlated currency pairs to reduce risk.

How this EA Works:

SMA is like a smart trend indicator. When it points up, it's bullish (time to buy); when it points down, it's bearish (time to sell).
The EA checks the SMA values for market direction.
If the conditions are right, it opens positions on the base currency (like GBPUSD) and hedges against correlated currencies (like EURUSD, USDCHF, or USDJPY).
It calculates lot sizes based on your risk preferences (you can use AutoLot or set it manually).
The EA continuously monitors market correlations and manages open trades.

Setting Up the EA:

Download the provided "SMA_MultiHdege2.mq4" file.
Install it in your MetaTrader 4 platform.
Set your preferred parameters in the EA.

Adjustable Parameters:

TradeAllowed: This parameter determines whether trading is allowed or not. You can set it to either true (allow trading) or false (disallow trading).
periodSMA: This parameter sets the period for the Simple Moving Average (SMA) indicator used in the EA's strategy. You can adjust this value to change the SMA period.
BaseSymbol: This parameter specifies the base currency pair for trading. You can change this to any valid currency pair symbol.
AutoLot: When set to true, the EA calculates lot sizes automatically based on the specified risk percentage (MaxRisk) and other settings. Set to false if you want to use a fixed lot size.
MMBase: This parameter determines the base for calculating lot sizes when AutoLot is enabled. You can choose from three options: 1 (Account Balance), 2 (Account Equity), or 3 (Account Free Margin).
MaxRisk: This parameter sets the maximum risk percentage for each trade when AutoLot is enabled. You can adjust this value to control the risk.
Not.AutoLot.LotSize: This parameter specifies the fixed lot size to be used when AutoLot is disabled.
HedgeH1, HedgeH2, HedgeH3: These parameters control whether the EA should hedge against multiple currency pairs. Set them to true to enable hedging for the respective currency pairs, and false to disable hedging.
H1.Symbol, H2.Symbol, H3.Symbol: These parameters specify the currency pairs for hedging when HedgeH1, HedgeH2, and HedgeH3 are set to true. You can change these symbols to the desired currency pairs.
H1.followBase, H2.followBase, H3.followBase: These parameters determine whether the EA should follow the base currency pair's direction or go in the opposite direction when hedging. Set them to true to follow the base pair or false to hedge in the opposite direction.
H1.LotsRatio, H2.LotsRatio, H3.LotsRatio: These parameters set the ratio of lot sizes for hedging positions compared to the base currency pair's lot size.
H1.Expect.CorRelation, H2.Expect.CorRelation, H3.Expect.CorRelation: These parameters define the expected correlation between the base currency pair and the hedging currency pair. The EA will consider these values when making hedging decisions.
Expect.Profit: This parameter sets the expected profit level, and when reached, the EA may close positions.
MagicNo: The magic number is a unique identifier for the EA's trades. Each instance of the EA can have a different magic number to distinguish its trades from others.
ShowStatus: When set to true, the EA displays trading-related information on the chart. Set to false to hide this information.
PlayAudio: When set to true, the EA plays an audio sound for specific events. Set to false to disable audio notifications.

Optimal Settings:

For GBPUSD:Currency Pairs: EURUSD, USDCHF, USDJPY
Minimal Balance: $1,000
Time Frame: H1 (1-hour chart)

Strategy Settings:

Follow the trend indicated by the SMA.
Hedge against correlated currencies to reduce risk.
Maintain an expected correlation for each hedge (e.g., 0.88 for EURUSD).

Use it wisely with proper risk management.

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