Hedging EA 24.0
Metatrader Expert Advisor (MT4) (Formerly known as Safety Net EA)
Hedging EA turns your losing trades into winners using a unique imbalanced hedging strategy. Once the initial trade moves into negative territory a predefined number of pips, the recovery mechanism will kick in: it will place a limited amount of alternative trades above and below the current price, until all of them can be closed with a small net profit.
- Easy to set up and supervise
- Controllable risk and net exposure
- Risk and drawdown are pre-calculated
- Implements 25 automated entry strategies
- Is able to start trades using your custom indicators
- Backtests using random trades, and makes money!
- Trade easily from the chart buttons
- Trades mini accounts from $1,000
- Filter trading by forex sessions
- All you need is a VPS!
The usage and configuration of the expert advisor is very easy.
- Load the EA
- Edit the settings until the risk is acceptable.
- Trade from the chart buttons or...
- Enable an entry strategy from inputs
- Let the EA manage the trades!
It offers a complete trade management solution, from initial trade to recovery.
- First, the EA tries to perform break-even and assure capital preservation.
- Second, the EA applies a configurable trailing stop method.
- The recovery mechanism kicks when a trade goes into negative.
Get rid of forex losses with the best hedged loss recovery expert advisor, just like our customers have already done!
How does the recovery mechanism work?
For demonstration purposes, lets assume you buy 0.01 lots of EURUSD at 1.12500. If the trade goes into negative right away, the recovery mechanism kicks in.
- A sell order of 0.02 lots will be placed at 1.12000, aming to exit both trades at 1.11500 plus your take-profit.
- A protective buy stop order of 0.03 lots will be placed at 1.12500, aming to exit at 1.13000 plus your take-profit.
- If the buy order is executed, a sell stop order of 0.05 lots will be placed again at 1.12000 aiming to exit all trades at 1.11500 plus your take-profit.
This process will repeat with increasing but not exponential lotsizes until an exit point is found or until the maximum amount of trades is placed. If the EA has placed the maximum amount of trades, it will start to accept partial losses until the deal is closed.
Automated entry strategies
The EA implements over 25 automated strategies to provide some degree of automation, using many premium indicators from the site, which are embedded for use at no extra cost. You can switch between these entry stratagies as you see fit, according to what you see in the market.
The EA can also trade using a custom indicator of your development. All you need to do is adding a new buffer to your indicator, to store a trading signal as a constant for each bar: buy, sell or do nothing. The custom indicator feature is explained in detail, with examples, in the user guide.
How to properly configure the robot
To reap constant profits in the long run, you must follow the instructions below when configuring the EA. Remember to never start trading if the risk allocation the EA displays is dangerous.
- Load the EA to the chart.
- Check Risk Allocation and Max. Drawdown values from the top-right corner of the chart. The EA pre-calculates the maximum loss you can experience with the current settings and evaluates the risk profile for you.
- If the risk allocation label is red and the drawdown over 40-50%, you need to decrease the exposure of the EA.To decrease the risk allocation, perform one or more of the following measures.
- Attenuate the Behavior parameter slightly. It the risk is still high...
- Decrease the Trades parameter slightly, but never set below 7 or 8 trades.
- Decrease the Lotsize parameter.
- Once the risk is acceptable to you (Safe or Aggressive), start trading using the chart buttons!
- ≡ Input parameters
When loading the indicator or EA to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.
- Lotsize for first trade
- This parameter controls the size of the initial trade. A smaller lotsize decreases the net exposure of the deal.
- Break-even in pips
- This parameter controls at which profit in pips the EA moves the stop-loss above/below the open price securing profits. This parameter only affects the first trade, not during the recovery process.
- Trailing Stop
- Percentage of the max. favorable excursion (MFE) used as trailing-stop. A small value is a tight stop, and a big value is a wide stop. This parameter only affects the first trade, not during the recovery process.
- Trailing Step in pips
- Minimum increase in pips for the trailing stop value and, at the same time, the minimum distance from the new stoploss and the current market price. This parameter only affects the first trade, not during the recovery process.
- Take Profit in pips
- Steath take-profit for the first trade. Not used during the recovery process.
- Entry Strategy
- The EA implements a set of automated entry strategies to provide some degree of automation. Not all entry strategies will greatly perform in all market conditions, but you can switch between them as you see fit. Supported entry strategies are Inside Bars, Sandwich Bars, Multi-Bollinger Bands, The Zone (Bill Williams), Daily Breakouts, Fractal Breakouts, Heiken Ashi Bars, Heiken Ashi Smoothed, Reversal Fractals Indicator, Ichimoku Kumo Breakouts, Day Trading Indicator, Lopez Impulse Indicator, Lopez Trend Indicator, Trend Trading Indicator, Swing Trading Indicator, Harmonics Indicator, Double Top / Double Bottom, Triple Top / Triple Bottom, Shoulder Head Shoulder, 123 Pattern, Buy Constantly, Sell Constantly and Random Trades.
- Custom Indicator Name
- If you choose to trade using your own custom indicator, type the indicator name in this parameter. The EA will call it via iCustom() internally. For more information about this, read the user guide.
- Custom Indicator Signal Buffer
- If you choose to trade using your own custom indicator, type the signal buffer number in this parameter. The EA will call it via iCustom() internally. For more information about this, read the user guide.
- Trade Assian Session
- If enabled, the EA will start trades during the Assian Session.
- Trade European Session
- If enabled, the EA will start trades during the European Session.
- Trade American Session
- If enabled, the EA will start trades during the American Session.
- Recovery Trades
- Maximum amount of trades to place during the recovery process.
- Zone In Pips
- Distance in pips between buy stop and sell stop orders. A higher value will decrease trading frequency but will make deals to last longer. If the spread is below one pip, you can use a zone of 50 pips. If the spread is between 2 and 3 pips, you should set a zone over 75 pips. If the spread is above 3 pips, you need a zone of at least 100 pips.
- The behavior parameter instructs the EA how aggressive to behave during the recovery process. More aggression will close deals faster but use more free margin to do so. If this parameter is set to Do_Not_Add_Trades during live trading, the EA will stop adding trades and start to cut back exposure.
- Profit Target in pips
- Overall profit at which we wish to close deals. A bigger value will cause deals to last longer in time. Please note this is not the take-profit for the first trade.
- If the trade plan is fully allocated...
- This parameter allows you to control how the EA behaves when the trade plan is fully allocated. You can close the deal completely or close trades one by one looking for an exit point at a partial loss. The first option represents less overall risk, while the second option represents a higher overall risk in the hopes of finding an exit point before all trades are closed.
- Magic Number
- The magic number allows the EA to identify its own trades when reloaded or the platform restarts. As a rule of thumb, never change it.
- Custom Comment
- Enter your custom comment for all trades here.
- ? FAQ
- Is the EA NFA/FIFO Compliant?
- It is not, please do not trade with an US Broker.
- Do I need a VPS to run the EA?
- Yes, it is imperative that you do. The EA must be connected 24/5.
- Can I buy and sell at the same time?
- No, you can't, because it would confuse the recovery mechanism. When entering a trade, please go only long or only short. Never buy and sell at the same time.
- Can I use pending orders to enter the market?
- Yes, you can. Once one of them becomes a market order, the EA will start working.
- Can I place two pending orders in opposite directions to enter the market?
- Yes, you can. Once the first one is triggered, the EA will delete the other/s.
- Can I interfere with the trades of the EA?
- Please don't. Let the EA do its job. All you can do is closing the deal completely.
- Will this EA interfere with other EAs running in my account?
- Yes, it will! It will manage all trades on the current chart.
- Is the EA fully automatic?
- This EA is not designed for fully automated trading, although it implements a few automated entries which you can enable or disable at will.
- Can I set my own take-profit and stop-loss when I enter the market?
- No, you can't. Please trade without stoploss or takeprofit. The EA will handle those.
- ✎ Comments
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