Choose "Expert Advisors" tab. Tick the options below: A pop up menu will be shown. Beginners are recommended to use built in "mode" setting, for example: All other settings can be left default. Due to recent Global Financial Crisis, currencies' Daily High Low Range also strongly affected and becomes smaller, you may use Multiplier 2 for alternative. Needs less time to get profit, but has higher risk.
Please update your MetaTrader to the latest version Tip: To open a demo account: The demo default setting for initial lot LotSize is 0. However, you may adjust the LotSize setting anytime if you want to use different initial capital amount.
You will see that larger capital will be able to hold greater losses and at the same time will be safer. The real function of take profit in Super Hedging is replaced by Trailing Stop. Super Hedging performance strictly depends on capital amount to initial LotSize ratio. The bigger the ratio the better and safer to use Super Hedging. This can also be said that you have to have enough capital to use Super Hedging.
Without enough capital the risk is tremendous Once you have successfully activate Expert Advisor. When you see X mark or glum in the right corner of the chart, please check if you have ticked the correct Expert Advisor options as advised. To re run EA, please do the following: Unless you intend to open initial market order manually, then you can order 1 market order buy or sell , then after the order is executed, you can drag EA as usual to the same pair chart.
EA will intervene the next order automatically. This is caused by, principally EA will actively start at the second open position. So at this point you still have a chance to change the main settings unless the price has moved far enough, it will be quite risky. EA has been running with "hedging" techniques and there are 2 open orders at the same pair, then you must avoid replace EA setting with "averaging" technique.
The replacement of EA minor settings are still allowed as they will not conflict and relatively safe to be replaced even when there are more than 1 position at the same pair. For Live EA version 1. Do not activate the Expert Advisor on more than 1 window, time frame, or a pair. If you want to use the other pair, please open new account and use the Expert Advisor by installing another metatrader on a different directory. By using this EA, we assume you have agreed this condition and will bear any risk or losses which may occur.
Updated 17 Dec Especially during mid-December to early January, you should avoid using this Hedging EA as the liquidity is very low and market tends to move sideway. Updated 11 Mar Once the level is increasing. The purpose of cutting losses at higher levels is due to limited capital we have, this sum of capital will only able to hold losses at the maximum of level of 7 to 9 depends on capital size. So the BEP action should start at earlier level, for example from level 4 or more.
The more level opened the bigger amount you should risk. We strongly recommend you to cut loss at lowest level as possible. Doing BEP will save the capital and should be done at the lowest possible level such as level 4 or more. You will always have the opportunity to gain profit on the next trading. Market reversal can increase level and reduce capital drastically.
This will sometime generate Margin Call. It is much better to break-even the position or cut loss slightly than losing the entire capital because of greed nature Better play safe with automatic BEP feature safer and manual close all positions at higher level, and open a position from the beginning with far smaller risk than trying to safe a little but losing all of your fund Margin Call BEP technique is an alternative way to safe your fund while your trading positions are getting critical.
This technique is not a must, as you need to take time monitoring positions several times each day to check the level. But would be far better spending time to practise this technique disciplinely as frequent as you can. Automatically By setting safer feature and manually. This means when your positions have not touched BEP point, it is still not safe. You can put bigger amount as you wish. Whenever you close 1 position, all position will be closed automatically.
Alternative way to close manually is: When there is no price update new tick , the close all function will not start working! If the price has been updated several times and built in Close All function does not work due to server busy, please do the following: Updated 15 Dec In Hedging strategy, while EA is active it will automatically open pending order.
When technical errors happen such as internet connection interference, VPS, broker, power outage, etc. Super Hedging EA has been designed to be able to overcome this incident in a tolerable degree.
However, if the interference is very heavy and EA does not make any active pending order such as buy stop, stop sell, limit buy, sell or limit within a few minutes, then you MUST remove EA from chart, then drag it back to chart with the same settings used last time to address this issue.
In case EA is still not activated after the next price tick, you must restart MetaTrader to fix the error. Note that EA is just a tool! You still need to check your positions to prevent technical problem occurence. The more often you check your positions the safer your trading positions.
This is a big mistake. By using EA, trader's role in trading can be minimized, but not eliminated. Perhaps investment with small interest, such as bank deposits are more suitable. Expert advisor is more suitable for those who are willing to take time checking their trading positions periodically with great amount of cash as a reward. Expert Advisor will be automatically switched off when it is expired!
Live version of Super Hedging has temporary Expire Date. When the date is approaching Expire Date. You can upgrade your Expert Advisor for Free. You may request for upgrade not more than 1 month before expire date. You can also set "EALoop" 2, 3, and so forth.
Total loop 2 loops. To get huge profit, this Expert Advisor can be run simultaneously. There are 2 kinds of strategies to run Super Hedging EA simultaneously: Every Monday-Friday at Running simultaneous a is more advisable in order to reduce the risk of sideway market To be able to withstand greater loss, the default maxriskpercentage is set to Maxriskpercentage settings means that you risk all of your money all capital.
However, to reduce the risk, maxriskpercentage can be decreased to the level that can be tolerated. It is very dangerous to use less than recommended amount. The smaller the LotSize the smaller the risk. Although the initial lot seems very small, by running simultaneously, this EA will produce a very large profit.
Trade with 2x capital is very risky and limited capital. To be successful in forex trading you have to do the following: Do not use initial capital unless there is loss. This Expert Advisor basically has fake fixed take profit and stop loss.
The default setting is MaxRiskPercentage Expert Advisor can only run when internet connection and your computer are ON and turned on. Use a stable connection and UPS power backup to safety. Expert Advisor "CloseOneCloseAll" default setting is true, this means when one position is closed, then all positions will be automatically closed close all. VPS can reduce risks caused by technical problem such as power outage, internet connection instability, etc.
In the other hand, VPS is very helpful when you trade for hours.More...