Hedge Trader EA has become very popular today. It was mainly developed to hedge the normal hedge like EURUSD hedged with USDCHF. This trading strategy is used to hedge the hedge to decrease the heavy drawdown that is experienced by traders. The strategy trades the positions daily basis. The DD is as well restricted since the hedged positions are only permitted to continue live for the length of one day. If the deviation of preceding day for EURUSD is encouraging, the EA enters with long EURUSD, LONG USDCHF, SHORT GBPUSD and long AUDUSD. In this situation, EURUSD is hedged with USDCHF, EURUSD is hedged with GBPUSD, and USDCHF is hedged with AUDUSD, as well as GBPUSD is hedged with AUDUSD.
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The new trades are needed to be the optimistic for profited positions. For instance, if you contain EURUSD in loss, USDCHF in loss, GBPUSD in profit and AUDUSD in profit, when ’emergency loss’ is reached, the EA will release a copy of the GPBUSD position and the AUDUSD position, since they are optimistic in profit.
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