Double Hedge EA

The Double Hedge EA is an automated trading strategy that uses a hedging strategy to trade the forex markets. This way, if one trade falls in value, the other will likely rise to offset any losses.

In this review, we’ll take a closer look at its features, strategy, performance, and settings to help you make an informed decision. Whether you’re a beginner or an experienced trader, read on to discover if the Double Hedge EA is the right choice for your Forex trading journey.

Double Hedge EA Strategy

The Double Hedge EA is a forex trading tool that works by hedging trades. Hedging is a strategy that involves opening two or more positions on the same currency pair. The Double Hedge EA opens two positions in opposite directions, meaning if one position incurs a loss, the other position would generate a profit, thereby offsetting the losses.

Double Hedge EA
Double Hedge EA

The Double Hedge EA operates on the MetaTrader 4 platform, which is one of the most widely used platforms by forex traders. This software operates using an advanced algorithm that takes into account various factors, including market trends, economic indicators, and historical data.
One of the key features of the Double Hedge EA is its ability to operate autonomously. Once the software is installed and configured, it will automatically execute trades based on the parameters set by the trader. This feature allows traders to be free from constant monitoring of their trades and to engage in other activities while the software is in operation.

Before using the Double Hedge EA, it is essential to carefully select the currency pairs you want to trade. It is recommended to choose currency pairs that have a strong correlation to reduce the risk of one currency falling relative to the other. Once you have selected your currency pairs, set up your hedge positions. For example, if you want to invest in EUR/USD and GBP/JPY, you may create two buy orders (one for EUR at 1.3500 and one for GBP at 0.7000) and two sell orders (one for JPY at 120 and one for EUR at 1.4000).

Once you have set up your hedge positions, activate the EA by clicking on the ‘Start Trading’ button. It’s important to note that if one of the currencies falls in value, your losses will be doubled. However, if both currencies remain stable or increase in value relative to each other, your portfolio will remain unchanged. Therefore, it is crucial to monitor the market conditions and adjust your trading strategy accordingly to ensure the best possible outcome.

Double Hedge EA Features

  • Dual hedging strategy to manage both buy and sell positions simultaneously.
  • Customizable stop loss and take profit feature to manage risk.
  • Built-in news filter that can automatically pause trading during high-impact news events.
  • Ability to operate on multiple currency pairs simultaneously, allowing for a diversified trading portfolio.
  • User-friendly interface that makes it easy to navigate and customize.
  • Compatible with all types of trading accounts, including ECN and STP.
  • Works on the MT4 platform.
  • 24/7 customer support for any issues or inquiries.
  • Lifetime updates and free access to future versions of the EA.

Double Hedge EA Settings

  • X_Pips – this is where you set the distance in pips of the hedge/opposite trade.
  • ActivateAfterNumberOfLossTrades – this is where you set how many consecutive initial trades should close in loss for the EA to be activated.
  • TakeProfitPips – this is where you set take profit for hedge trades. If this value is set to 0 (zero) EA will use the same take profit as the original trade.
  • StopLossPips – this is where you set stop loss for double hedge trades. If this value is set to 0 (zero) EA will use the same stop loss as original trade.
  • FixedLotSize – this is where you set lot size for hedge trades. If this value is set to 0 (zero) EA will use the same lot size as original trade.
  • TrailStopStartPips – EA will activate Trailing Stop function when trade goes in profit by pips value set in TrailStopStartPips.
  • TrailaStopMovePips – Once the Trailing Stop function is activated, The EA will move stop loss in profit every pips value set in TrailStopMovePips
  • TrailStopInitialTrades – by default EA activates trailing stop only on hedge trades.
  • BreakEvenPips – sets how many pips trade should get into profit before stop loss is moved to the entry price.
  • LotMultiplier – by default this value is set to 1.0. EA will multiply initial trade lot size by this value to get the new hedge trade lot size.
  • Magic Number – Unique identifier for trades
  • Opposite Trades – Option to allow opening of opposite

Double Hedge EA Summary

The Double Hedge EA is a unique forex trading tool that employs a dual hedging strategy to manage both buy and sell positions simultaneously. It offers customizable stop loss and take profit features, a built-in news filter. One of the strengths of this software is its ability to operate autonomously, freeing traders from constant monitoring.

However, the software is not foolproof and requires careful selection of currency pairs and proper risk management to minimize losses. Traders must also monitor market conditions and adjust their strategy accordingly. The Double Hedge EA is best suited for traders with experience in forex trading who are looking to reduce their trading risk. Its cost ranges from $129 to $399 depending on the package selected.

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