Recruitment of participants PZ Hedging EA MT4

PZ Hedging EA MT4
V28.0

This EA will turn your losing trades into winners using a unique imbalanced hedging strategy. Once the initial trade moves into negative territory a predefined number of pips, the recovery mechanism will kick in: it will place a limited amount of alternative trades above and below the current price, until all of them can be closed with a small net profit.

[ User Guide |

Features

• Easy to use and supervise
• Trade easily using chart buttons
• Fully customizable position management
• Controlled and pre-calculated risk exposure
• Implements many automated entry strategies
• Trades micro accounts from $1,000
• Filter trading by forex sessions

How to get started

1. Load the EA to any chart and timeframe
2. Edit the settings until the risk is acceptable
3. Trade using the chart buttons or Enable an entry strategy
4. Let the EA work and book a profit
5. Repeat!

The recovery will fail in a minority of cases, if the market stays flat for a long period of time. If it fails, it incurrs into a calculated loss.

Usage Tips

• Load the EA and trade using the chart buttons
• Don't trade any other EA in the same symbol
• Take only one initial trade per symbol -never two or more-
• If the buy/sell buttons are not displayed, it means the EA is busy
• The EA can trade many symbols independently at the same time
• But be careful: never, ever, load the EA twice on the same symbol
• There is no need to set a different Magic Number to trade different symbols
• Trade from a VPS or leave your trading computer turned on 24/5
• Try to never unload the EA to assure the atomicity of the process
• Big spread hikes affect the EA negatively. If possible, trade from a fixed spread account
• In fixed spread accounts, using a small zone proves beneficial for performance
• However, a safe zone for variable spread accounts is +100 pips
• Avoid taking a trade if you expect the market to stay flat

The purpose of this EA is not to be profitable by itself, but to avoid preventable losses within the limits of the account free margin.

Technical Information

• The automated entries of the EA are evaluated at bar closing
• The EA uses pending orders, connection lag should not be an issue
• The EA won't trade live if there is risk of a margin call with current settings
• However, the EA will trade in the tester with any settings, regardless of risk
• The take-profit for the first trade is evaluated in stealth mode, no TP order is placed
• The EA trades a manual lot size: the tester won't reflect compounding profits
• The session filters are implemented in GMT time and only apply to automated entries
• Trades have no individual SL or TP because they are managed as a basket (a single deal)
• During a recovery, the EA can have many trades opened at the same time
• If the market gaps and a pending order is missed, the EA will hedge at market

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