Panda Hedging EA

Automated trading systems have become increasingly popular in the world of forex trading, as they allow traders to execute trades automatically without the need for constant monitoring. One such system is the Panda Hedging EA, which uses a grid trading algorithm with elements of hedging to take advantage of price movements in the USDCAD, USDNOK and AUDUSD currency pairs on the M1 timeframe. In this review, we will take a closer look at the Panda Hedging EA to help traders determine whether it is a suitable option for their trading needs.

Panda Hedging EA Strategy

Panda Hedging EA is a trading robot designed to trade the currency pairs USDCAD, USDNOK and AUDUSD on the M1 timeframe. It uses a grid trading algorithm that includes both elements of hedging and a secure system with a developer-intended high level of deposit protection. This means that all additional orders are opened with a fixed same lot size, without using lot multiplication (Martingale).

Panda Hedging EA
Panda Hedging EA

The hedging element of the Panda Hedging EA refers to the practice of opening multiple positions in opposite directions in order to mitigate risk. If the price starts to go against the initial order, the adviser will begin to open additional orders according to the developer’s algorithm, up to a maximum of 10 orders for each instrument in the pair. This is intended to minimize losses in the event of a market downturn.

The grid trading algorithm used by Panda Hedging EA involves placing orders at regular intervals, creating a grid of buy and sell orders.

To use Panda Hedging EA effectively, it is recommended by the developer that traders use low spread accounts and ensure that their broker supports trading the USDNOK currency pair. If the broker does not support trading in USDNOK, it is not recommended to use this forex EA.


Before using Panda Hedging EA in a live account, it is important to test it in a demo account for at least a month. This will help to familiarize yourself with the workings of the robot and understand how it operates in different market conditions. Additionally, it is crucial to understand the risks involved in using an automated trading system and to carefully manage your risk exposure.

Panda Hedging EA Features

  • Grid trading algorithm: The Panda Hedging EA uses a grid trading algorithm, which places buy and sell orders at regular intervals to take advantage of price movements in either direction.
  • Hedging: The EA includes elements of hedging, which means that it opens multiple positions in opposite directions to minimize risk.
  • The EA includes a secure system with a developer intended high level of deposit protection.
  • Fixed lot size: The EA opens additional orders with a fixed same lot size, without using lot multiplication (Martingale).
  • Maximum order limit: The EA will open up to a maximum of 10 orders for each instrument in the pair, in accordance with the developer’s algorithm.
  • Trading pairs: The EA is designed to trade the currency pairs USDCAD/USDNOK and AUDUSD/USDNOK on the M1 timeframe.
  • Low spread accounts: The EA works best with low spread accounts, which can help to minimize trading costs.
  • Compatible brokers: Traders must ensure that their broker supports trading in the currency pair USDNOK and leverages USDNOK.

Panda Hedging EA Settings

  • Take profit – Traders can set their desired take profit levels, depending on their risk appetite and trading strategy.
  • Stop loss – Traders can set their desired stop loss levels, which will help to limit potential losses in the event of unfavorable market conditions.
  • Magic number – This setting allows traders to assign a unique identifier to their trades, which can help to track and manage their positions.
  • Strategy – Traders can choose between different strategy options within the EA, depending on their trading style and risk tolerance. The Panda
  • Hedging EA, for instance, uses a grid trading algorithm with elements of hedging.
  • Maximum order limit – 10 orders for each instrument in the pair
  • Lot size – fixed same lot size for all orders

Panda Hedging EA Summary

The Panda Hedging EA employs a grid trading algorithm with hedging elements to capitalize on price movements in the USDCAD, USDNOK and AUDUSD currency pairs. One of the strengths of this automated trading system is its use of a grid trading algorithm with elements of hedging, which can help to take advantage of price movements in specific currency pairs. Nonetheless, this comes with inherent risks, and traders should exercise caution. Additionally, the EA comes with a deposit protection system, fixed lot size, and maximum order limit, intended to minimize losses and manage risk exposure.

However, there are also some potential weaknesses to consider. For example, the EA only works with the USDCAD, USDNOK and AUDUSD currency pairs on the M1 timeframe, which may limit its versatility. Additionally, the EA requires a low spread account, and not all brokers may support the trading currency USDNOK.

Applying good risk management settings is also crucial when using the Panda Hedging EA. Traders should carefully consider their risk appetite and set appropriate stop loss and take profit levels to help manage their risk exposure. Overall, the Panda Hedging EA is a tool for traders who are familiar with automated trading systems and are looking to potentially take advantage of price movements in specific currency pairs.

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