Download ALL MT5 experts (1734)
Similar MetaTrader Tools
EES Hedger
Info
The EES Hedger is a Expert Advisor for MetaTrader 5 that do you need to trade in the opposite trend. When trading manually or using another EA, the EES Hedger utility can instantly open opposite positions as specified in its parameters.
Usage
This tool is typically used for hedging and risk management in volatile market conditions.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use EES Hedger
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
Do you need to trade in the opposite trend.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: hedger - another powerful expert for MetaTrader 5 traders.
Do you need to trade in the opposite trend? When trading manually or using another EA, the EES Hedger utility can instantly open opposite positions as specified in its parameters. It tracks the moments of opening manually or by another EA in the chart.Also recommended: lego ea - similar expert with strong performance on MetaTrader 5.
Instructions
For instance, if you use SAR to trade on GBPUSD and SAR uses Magic Number 1234, and you want to use EES Hedger together with SAR, open another GBPUSD chart with the same currency pair. Ensure the timeframe is the same or lower than SAR's.
In the external variables of EES Hedger:
- Specify the SAR Magic Number in Original_EA_Magic (e.g., 1234).
- Ensure Advocate_EA_Magic differs from Original_EA_Magic.
As soon as SAR opens a transaction, EES Hedger will open an opposite one. If you're trading manually, set Original_EA_Magic = 0.
Program Parameters
- Lots: Volume of the position to be opened by EES Hedger.
- Stop Loss, per trade (in pips): Stop loss of the position to be opened by EES Hedger.
- Take Profit Amount, per trade (in pips): Take profit of the position to be opened by EES Hedger.
- Trailing Stop (in pips): Trailing of the position opened by EES Hedger.
- Trailing Step (in pips): The trailing step of the position opened by EES Hedger.
- Original EA Magic: The magic number used by the first EA, which the advocating EA will reference for its trades.
- Advocate EA Magic: The advocating EA's own magic number; ensure its uniqueness to prevent conflicts.
You may also like: Stochastic EA - excellent alternative for expert users on MetaTrader 5.
Source Code
/.......
⚠ 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.