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.
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!
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.
Hedge Forex Robot Live 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.
I have conducted many forex robot reviews and there are other alternative automated trading options you may wish to consider over this EA.
The Hedge Forex Robot comes with instructions, support, updates and a money back guarantee.