In this post I will review the Hedge Forex Robot fully automated forex robot that has been developed by the team over at Forex Robot Trader to trade in the MetaTrader 4 (MT4) trading platform. MT4 is free to download from most forex brokers globally and you can start by using the Hedge Forex Robot on a demo account until you are accustomed with how it trades at which point you may then decide to trade with it on a real live account.
I prefer to use an ECN forex broker for low spreads, low slippage and low commissions. These forex brokers tend to have the most liquidity providers (LP’s) which can help lower trading costs.
The Hedge Forex Robot is suitable for both beginner and advanced forex traders as it is fully automated nature and can be setup in minutes using the easy to follow step by step instructions provided.
You just need to set a suitable lot size depending on your account balance, leverage and risk preference whilst checking back regularly for the latest Hedge Forex Robot performance.
The Hedge Forex Robot is another from the same Forex Robot Traders group that have other forex robots which I have reviewed including the Vader Forex Robot, Odin Forex Robot, Ganon Forex Robot, Reaper Forex Robot, Falcor Forex Robot, Pterodactyl Forex Robot, HAS MTF Forex Robot, Volatility Forex Robot, WaveRunner Forex Robot and Directional Forex Robot.
You are probably asking yourself why would they be selling so many forex robots if they all worked as good as they claimed they do. Well, perhaps the lack of verified results across all of the trading robots they sell can help to answer your question. That being said, in this Hedge Forex Robot review, I will be taking an impartial look at this particular trading robot. We will cover the trading strategy implemented, any backtests available and most importantly, real results.
Hedge Forex Robot Trading Strategy
As the name suggests, the Hedge Forex Robot trades based on a hedging strategy (buying and selling at the same time) combined with trend analysis. It is fully automated and looks to take advantage of whatever direction the market moves in by hedging. I personally believe that hedging strategies can get mess quickly if not careful! Also, you would need to ensure that your broker allows hedging.
The Hedge Forex Robot starts from the highest time frame (monthly) and scans one lower time frame at a time until it comes to the first counter trend according to its built-in algorithm. As soon as the Hedge Robot finds a counter trend as indicated by a red bar the robot then goes into “alert” status and waits for the first available opportunity to enter the market immediately after a blue bar is formed.
It looks to get into the market before the market moves into the anticipated direction, thus aiming to buy low and sell high, not the other way round!
The developer has made most of the Hedge Forex Robot settings externally available which means that you can adjust them via the inputs window when you attach this robot to the charts in your trading platform. You can always just use the default settings provided by the developer that have already been optimised but you should always check to make sure that the lot or risk size is set to a suitable level for your risk preferences as every trader is different in that respect.
Hedge Forex Robot Back Testing
There are no back tests shared by the Forex Robot Traders team on the official Hedge Forex Robot website. I would use Bits Tick Data Suite (Birts TDS) to back test Hedge Forex Robot with 99% modelling quality using real tick data, real spreads, real commissions and real slippage. This would help decide the best currency pairs and time frames to run it on. It could have also provided an idea of the historical performance but of course would be no guarantee of future performance.
Without any backtest results, we cannot get an idea of how the Hedge Forex Robot may have performed based on historical data which is disappointing. I am also concerned to why the developer has not bothered sharing any backtests as I think this is a vital aspect for a trader to consider when choosing any forex robot. Most of the top forex robots nowadays have 99% modelling quality tests, including the Forex Robotron EA.
Hedge Forex Robot Live Results
If the lack of top quality backtests wasn’t bad enough, the developer isn’t even sharing any real live verified accounts of the Hedge Forex Robot. Without them, we don’t have any idea of how good or bad this forex robot has been performing in the current market conditions which are constantly evolving. For this reason alone, I would consider looking at another trading robot such as the Forex Flex EA. They have 99% modelling quality backtests that are also backed up by verified results. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Hedge Forex Robot Summary
Overall, the Hedge Forex Robot has some results that are shared and frequently updated by the Forex Robot Traders developers on the official Hedge Forex Robot website although I would really like to see these results verified by myfxbook and FX Blue. It should be noted that there are no guarantees on how any system will perform and historical results are by no means an indication of future performance.
Furthermore, hedging is not a trading strategy for everyone so make sure you are aware of the risks before using such a strategy. Some traders will say that hedging is just “hiding” a losing trade and I personally am not a fan of hedging strategies.
The Hedge Forex Robot comes with instructions, support, updates and a money back guarantee. Without any backtests or verified account to analyse, we have no way of backing up the claims made by the developer. I have conducted many forex robot reviews and there are other alternative automated trading options you may wish to consider over this EA. Please feel free to browse my forex robot reviews for some alternative options.
Hedge Forex Robot
$79
Pros
- Customisable Settings
- Fully Automated Forex System
- Multiple Currency Pairs
- Multiple Time Frames
- Hedging Strategy
- Technical Indicators Combined
- Any Forex Broker
- Detailed Instructions
- Full Support
- Money Back Guarantee
Cons
- MetaTrader 4 Only
- No Backtests
- No Verified Results
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
