Bleris Hedging Strategy
Info
The Bleris Hedging Strategy is a Expert Advisor for MetaTrader 4 that this strategy employs hedging when the trend shifts. It can also switch to a martingale approach with variables escapelossusdratio, escapelotsmultiplier, and oppositelotsmultiplier, but this is not advised.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Bleris Hedging Strategy
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
This strategy employs hedging when the trend shifts.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: Zone Recovery Hedging Strategy - another powerful expert for MetaTrader 4 traders.
This strategy employs hedging when the trend shifts. It can also switch to a martingale approach with variables escapelossusdratio, escapelotsmultiplier, and oppositelotsmultiplier, but this is not advised. While some optimization results have passed forward tests, there's significant room for enhancement.Also recommended: hedging martingale - similar expert with strong performance on MetaTrader 4.
The key principle is maintaining a drawdown below $3000. This is the foundation of the system, and any substantial improvements will be acknowledged.
Designed for real trading accounts, the strategy is shared to gather insights and suggestions. The final concept will be revealed if valuable input is received.
The code is commented for clarity and ease of improvement. Optimization settings for USDJPY, backtested with M5, are provided, although other pairs yield better results.
Note: This strategy does not endorse martingale techniques, and fixed lots values are essential during optimization.
You may also like: manual hedging - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
extern string strategyname = "bleris"; //
extern string ver_trader = "1.1"; //13.10.2014
extern double lots = 0.3;
extern double lost10k = 0.0;
extern double sl = 1700;
extern double tp = 3600;
extern bool useatr = false;
extern bool usetrailingsl = false;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.