The MT4 Hedge Scalper EA is a sophisticated trading software that is designed to help forex traders maximize their profits by utilizing both scalping and hedging strategies simultaneously. This fully automated program is available to download for free and can be used with the popular MetaTrader 4 platform. By leveraging the benefits of scalping and hedging, this EA is able to take advantage of short-term price movements while also protecting against potential losses. With its advanced algorithms and powerful features, the MT4 Hedge Scalper EA is a valuable tool for any trader looking to try and succeed in the competitive forex market.
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Hedge Scalper EA Strategy
The strategy employed by the MT4 Hedge Scalper EA is not solely reliant on hedging and scalping techniques, but also incorporates a currency correlation system that takes into account multiple symbols running in the account. Through the use of a combination of martingale and hedging methods, this software is able to conduct scalping trades and try to avoid potential drawdowns. However, it is important to note that the use of martingale can introduce additional risk into the trading process. While this strategy can be highly profitable, it is important for traders to exercise caution and use appropriate risk management techniques to ensure long-term success.
Hedge Scalper EA Features
- The MT4 Hedge Scalper EA includes a range of filter systems, such as automatic avoidance of news events, to enhance its performance.
- The software is designed to work optimally with a minimum account balance of $100 (although this is considered a high-risk level) or a recommended deposit of $1000, according to the developer’s recommendation.
- The EA is compatible with a variety of currency pairs, including EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, GBPJPY, EURJPY, and EURCHF, according to the developer.
- The MT4 Hedge Scalper EA can be used on any time frame, but it is most effective on the H1 and M5 charts, as mentioned by the developer.
- A low-spread account is highly recommended for optimal results with this software.
Hedge Scalper EA Settings
- Basic Strategy ___________________
- Strategy to Use Basic Strategy
- Money Management ___________________
- Starting Lots 0.01
- Lots System Fixed Lots
- Minimum Lots 0.01
- Maximum Lots 0.1
- Order Placement ___________________
- Pip Step 20.0
- One Sided Max Orders Allowed 6.0
- Action On Max Orders Wait a little then close losing orders
- Scalping Options ___________________
- Group TP (Pips) 300.0
- Group SL (Pips) 600.0
- Use Short Take Profit false
- Short Take Profit 20.0
- Hedging Options ___________________
- Hedging System false
- Max Difference in Buy Sell 10
- Forced Hedge Mode false
- Equity Protection ___________________
- Dead Stop System Do Nothing
- Equity Level To Stop 0.0
- Safety Options ___________________
- Avoid Economic News Only High Impact News
- Trend Filter Mode Quickly Adopt to New Trend
- Stepping Trend Mode Don’t Use This Option
- Max Spread Allowed 5.0
- Orders Identification ___________________
- Magic Number 2022
Hedge Scalper EA Summary
Overall, the MT4 Hedge Scalper EA which incorporates an algorithms and features, including the combination of scalping and hedging strategies to generate potential trades with small price movements. However, it is important to note that the use of martingale which is included in the features of the EA can increase risk, and traders should exercise caution and use proper risk management techniques. It is also worth mentioning that while the software has been successful in the past, there is no guarantee of future performance. Therefore, it is advisable to use a demo account to test the software before trading with real money.
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