Forex Hedge Style Trader Robot

Forex Hedge Style Trader Robot review:

Every trader knows that on high volatility (rally) the trade is move rapidly in one direction but it is not known which way. This Forex Hedge Style Trader Robot is set to open a hedge (Buy and Sell) position in the same time with a certain SL and a double of that TP. When those positions are opened, one of the two will be closed on SL. But on high volatility there is a large possibility that the trade is going to rally on that direction and hit the TP on the opposite trade. In the EA a trailing stop is also added, if one of the two trades hits the SL the opposite trade SL will be set to breakeven.

Inputs

  • Buy and Sell Options:
    • VolumeRisk – is the risk in percents;
    • VolumeUpperLimit – is the maximal LOT size;
  • Spread Filter:
    • High Spread (Above EA Turns OFF) – if the spread is higher than the set value the EA is turning off, and an arrow is drawn on M1 chart to show the user when was the high spread;
    • Normal Spread (Below or Equal EA Turns ON) – if the spread is below or equal the set value the EA is turning on (this option is especially good on floating spread accounts).

NOTE: The EA is optimized for use on EUR/USD.

Test results:

Forex Hedge Style Trader Robot

Installation

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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