Forex Kingle Hedger EA is an automated trading system that uses a time and price-based hedging strategy and is available for the MT4 platform. The EA isn’t available on the MQL marketplace. However, you can download it for free from third-party sources.
In this article, we’ll look at the Forex Kingle Hedger EA, how it works, its strategy, and its features.
Forex Kingle Hedger EA Strategy
Forex Kingle Hedger EA is an automated trading system that operates on two currency pairs: EUR/USD and GBP/USD. The EA utilizes a Time and Price based hedging strategy.
The strategy minimizes potential losses by opening multiple trades on the same currency pair at different prices and times.
The EA analyzes the market in real time and uses technical indicators to identify potential trading opportunities.
If a trade moves against the EA’s position, the EA will hedge the trade by opening a trade in the opposite direction. The EA determines the lot size and other parameters of the hedge trade based on its analysis of the market conditions.
The EA monitors the EUR/USD and detects a potential trading opportunity. The EA decides to open a long position at 1.1000 with a lot size of 0.01.
As the trade progresses, the market moves against the EA’s position, and the price drops to 1.0950. The EA recognizes that the trade is in danger of hitting its stop loss and hedges the position by opening a short position at 1.0950 with the same lot size.
The EA will continue to monitor the market and adjust its hedging strategy accordingly.
If the market continues to move against the long position, the EA may open additional short positions at different prices and times to hedge the position further.
On the other hand, if the market favors the EA’s long position, the EA may decide to close out the short positions and profit from the long position.
However, if market conditions change rapidly or unexpectedly, the EA may not be able to respond quickly enough to adjust its positions.
According to the developers, one of the key features of Forex Kingle Hedger EA is its ability to operate on multiple timeframes. This allows the EA to identify trading opportunities across different periods.
Additionally, the EA can operate in different market conditions, including trending and ranging markets.
Forex Kingle Hedger EA Features
- The EA works on EUR/USD and GBP/USD on all timeframes.
- It uses a time and price-based hedging strategy.
- This EA is available for the MT4 platform.
- It requires a minimum balance of $50.
- The EA can work on all brokers’ MT4 platforms.
Forex Kingle Hedger EA Summary
Forex Kingle Hedger EA is an automated trading system that utilizes a Time and Price based hedging strategy to identify and execute trades on the EUR/USD and GBP/USD currency pairs on all timeframes.
The EA uses technical indicators to analyze market data in real time and can operate in different market conditions, including trending and ranging markets.
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