EA Hedge Average
This software component for MetaTrader 4 is built to enhance the capabilities of your trading environment. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use EA Hedge Average
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.
Description & Settings
EA is made using the Hedge Average function.
Trigger order is made not based on the candle value, but the order is made by using the Moving Average indicator, so when candle is moving and going across the Moving Average indicator, there will be an order.
Hedge order will occur, when there is a cross in the succession candle on previous orders that are detected by the Moving Average indicator, so it will create a new order that is different from previous orders.
In order triggers the order that I have explained above can happen, it is necessary to add filters as below.
Expert input:
Name_EA = "Hedge Average"
Trade_buy= true
Trade_sell= true
Start_Hour= 6
End_ Hour= 20
Tp_in_Money= true
TP_in_money= 2
TP= 100
SL= 100
Max_order= 10
Lots= 0.1
TrailingStop_= true
TrailingStop= 20
Magic= 76
Period_1 = 4
Period _2 = 4
Example of the EA:
