bleris - hedging strategy
Info
The bleris - hedging strategy is a Expert Advisor for MetaTrader 4 that please remember i hate martingale strategies but i use it in small in this system. if you're optimizing bleris, please remember to use fixed lots value.
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
please remember i hate martingale strategies but i use it in small in this system.
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: hedging zone recovery area - another powerful expert for MetaTrader 4 traders.
please remember i hate martingale strategies but i use it in small in this system. if you're optimizing bleris, please remember to use fixed lots value.
Also recommended: hedging martingale - similar expert with strong performance on MetaTrader 4.
very important is drawdown below $3000 (not %). this is the only basis of the whole system. if you help me significantly improve it, your credit will be added.tomas hrubý - Čr. mql5.com: tomac1
this strategy uses hedging if trend changes.
it is able to change it for martingale strategy with variables escapelossusdratio, escapelotsmultiplier, oppositelotsmultiplier but i cannot recommend it. some of the strategy optimization results passed forward test but there are too many ways to improve it.
i made this strategy for real trading account, but the reason why i am sharing it now is that i want to get some tips and tricks from you. if you will share your ideas i can share with you the final concept of bleris strategy.
i made some advanced and successful systems in the past. i am looking for another systems which can pass forward tests and can be used for real trading without big losses.
commented code:
i commented the code for easier understanding and improving.
sources:
strategy will be presented at and later with all of you guys ;-)
optimization
one of the optimization results usdjpy, backtested with m5 period. other pairs give better results. you can find settings for optimization in the attached file.
guys. she can trade and she's for free! ;-)
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.