HedgeEA v6.6 Forex Robot - Proven Expert Advisor (EA) for MT4

Unleash the power of HedgeEA v6.6.mq4, a reliable and efficient Forex Robot designed for MT4. This Expert Advisor (EA) navigates the dynamic forex market with precision, optimizing trades for consistent results. Tested on brokers like LQDFX and FXOpen, this EA adapts seamlessly to any broker environment. Elevate your trading experience with HedgeEA v6.6.mq4 – your trusted ally in the Forex arena.

thanks for sharing, i will try this robot on demo account

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Explore Forex trading with HedgeEA V6.6 Expert Advisor!

The idea behind the EA to balance your trades between two pairs, so you're always on the winning side.

The strategy of the HedgeEA is primarily focused on hedging two different currency pairs (Symbol1 and Symbol2) to potentially profit from their relative price movements.

Here's a simplified overview of the strategy:

Currency Pair Selection: You can specify two currency pairs, Symbol1 and Symbol2, to trade. These pairs are used for hedging purposes.
Lot Size and Risk Management: You have the option to set the lot size (trade size) for each currency pair. If you enable MoneyManagement, the EA will calculate the lot sizes based on your account balance and risk percentage (Risk parameter).
AutoRatio (Optional): If enabled, the EA will automatically calculate the ratio between the two currency pairs based on their price movements. This helps in balancing your trades. Alternatively, you can manually set the Ratio parameter to control the ratio.
Correlation Analysis (Optional): You can use correlation analysis to check the correlation between the two selected currency pairs. If the correlation is within a specified range (MinCorrelation to MaxCorrelation), it can be used as an entry signal.
Bollinger Bands (Optional): Another optional entry signal is based on Bollinger Bands. If you enable this feature, the EA will check whether the price of a separate currency pair (Bollinger_Symbol) is below the middle Bollinger Band. If it is, it can trigger an entry.
Profit Target: You can set a profit target (ProfitTarget) in pips or USD. When your total profits reach this target, the EA may close your trades to secure your gains.
Max Loss: You can set a maximum loss limit (MaxLoss) in pips or USD. If your total losses reach this limit, the EA can stop trading to limit further losses.
AutoProfit (Optional): If enabled, the EA will automatically close all trades if the price of the Bollinger pair (Bollinger_Symbol) passes the upper Bollinger Band. This is a profit-taking strategy.
Email Notifications (Optional): You can choose to receive email notifications when the EA closes orders by enabling the EmailReport parameter.
The EA aims to profit from the price movements and correlations between the specified currency pairs while managing risk through lot sizing and profit/loss targets. It provides flexibility by allowing you to use correlation analysis and Bollinger Bands as entry signals, but these are optional and can be customized based on your trading preferences. Keep in mind that the effectiveness of the strategy depends on market conditions and your parameter settings.

First, download the HedgeEA file (mq4) from your source.
Open your MetaTrader 4 platform.
Go to 'File' > 'Open Data Folder' > 'MQL4' > 'Experts.'
Place the HedgeEA.mq4 file into the 'Experts' folder.
Restart your MetaTrader 4 platform.

Now, let's check out the adjustable parameters for the currency pair EUR/USD with a minimal balance of $1,000 and a 1-hour (H1) time frame:

Magic Number: Any unique positive integer (e.g., 1001)
Autotrade: true (to enable automatic trading)
Symbol1 (EUR/USD): "EURUSD"
Symbol1isLong: true
Symbol2: Any other currency pair (e.g., "USDJPY")
Symbol2isLong: false
Lots: 0.1 (or adjust based on your risk tolerance)
UseAutoRatio: true
Ratio: 1.8 (or adjust based on your preferences)
SMA_Value_for_Range: 200 (you can experiment with this value)
StopManageAcc: false (unless you want to close all trades manually)
MaxLoss: 0 (or set a value that suits your risk tolerance)
ProfitTarget: 50 pips (or adjust based on your profit goals)
MoneyManagement: true (to manage lot sizes automatically)
Risk: 2% (or adjust based on your risk tolerance)
AutoProfit: true (to automatically close trades based on Bollinger Bands)
EmailReport: false (unless you want email notifications)

Just a friendly tip – these settings are your starting point on your trading journey. So, take them out for a spin with some testing. Customize them to match how you like to trade, your goals, and how much risk you're comfortable with.

And, of course, always stay in tune with the market when you're using this strategy. Remember, trading has its own rhythm – it goes up and down. So, be smart and keep an eye on managing your risk. Happy trading!

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