Any good hedging EA’s out there ?
Hi,
I have two of them I can share, but are you sure you really want hedging eas? Can be very dangerous sometimes.
Regards,
Hubert
Hi!
I’m noob on Forex and I have a question regarding EAs. Why using EAs is more dangerous than using manual trading? I think it depends more on trading strategy.
Regards,
Rossan
Hi,
my answer was in regard of using a hedging ea. This is to say that such an ea opens positions in both directions which can have fatal consequences when there’s a clear trend. As long a a currency rate moves in waves, such an ea will make profit in both directions (long and short).
Noob question but can someone explain to me what a hedging EA is and/or does? Thanks!
Ok, again,
a hedging ea opens a sell and buy order at the same time. Once one of these two trades has reached a certain DD, a second position in the same direction is opened, in some cases with the double lot size. This keeps on repeating until you shut off the ea.
So if e.g. you have a buy and sell order opened for e.g. EUR/USD and this pair is going up, the ea will open further sell positions, each time a certain DD is reached.
Oh man i was thinking about one like that but the way i was thinking about it was opening up a buy and a sell at the same time same lot size and which ever direction it goes after a set stop lost i would close one of the trades to favor the one trade reminding and pick up all the extra pips …kinda the same expect the part where u open the 3rd trade with a bigger lot
nonetheless thanks!
I see, but in this case you don’t need to use an ea. If you plan on closing the trade manually that doesn’t go into the right direction than you could also open a sell and buy order manually.
However, for all interested, I might post my ea here so you guys can first test it in demo mode. Just let me know.
If you really are into hedging then this is probably the best one on the market today.
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