hedge any positions
Info
The hedge any positions is a Expert Advisor for MetaTrader 5 that code mq5 by:the ea works on hedge accounts only. the ea tracks all positions regardless of the symbol or magic number.
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 hedge any positions
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
code mq5 by:the ea works on hedge accounts only.
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: Triangle Hedge: Synthesizing Hedged Positions in MetaTrader 5 - another powerful expert for MetaTrader 5 traders.
Also recommended: Positions Change Informer - similar expert with strong performance on MetaTrader 5.
code mq5 by:the ea works on hedge accounts only!
the ea tracks all positions regardless of the symbol or magic number.
as soon as a position (opened by another ea or manually) features a loss exceeding or equal to
losing
, an opposite position is opened. the volume of the opened position is calculated considering
lot coefficient
.
for each position (opened by another ea or manually), the "hedge any positions" ea opens an opposite position only once.
please note that the ea simply sets the opposite position once without stop loss and take profit.
You may also like: Close All Positions on Maximum Loss - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.