HT H Trader
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. 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 HT H Trader
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
Hedge The Hedge
Trader was developed to hedge the normal hedge(EURUSD hedged with USDCHF). Pairs-Trading, at times, has heavy DD. This trading strategy tries to
hedge the hedge
to reduce the heavy drawdown that is experienced by traders.
HTH
Trader, hedges
EURUSD with USDCHF
, and
GBPUSD with AUDUSD
, creating
hedge the hedg
e
strategy. The strategy trades (4) positions per day. The DD is also limited since the hedged positions are only allowed to stay live for the length of one day. When the new day starts, when the on the current broker is greater than zero, the EA enters. The EA waits until the is 23 to close the current positions. The EA restarts, when the new day starts.
When the deviation of previous day for EURUSD is positive, the EA enters with LONG EURUSD, LONG USDCHF, SHORT GBPUSD and LONG AUDUSD. In this case, EURUSD is hedged with USDCHF, EURUSD is hedged with GBPUSD, USDCHF is hedged with AUDUSD, and GBPUSD is hedged with AUDUSD.
When the deviation of previous day for EURUD is negative, the EA enters with the SHORT EURUSD, SHORT USDCHF, LONG GBPUSD and SHORT AUDUSD.
There is strong correlation between EURUSD/USDCHF ratio and GBPUSD/AUDUSD ratio, hence it is possible to
hedge the hedge
.
New Function: Emergency Trading
If 'enable_emergency_trading' is set to 'true', this EA waits for the loss to reach 'emergency_loss' PIP value, to enter into new trades. The new trades are going to be the positive profited positions. For example, if you have EURUSD in loss, USDCHF in loss, GBPUSD in profit and AUDUSD in profit, when 'emergency_loss' is reached, the EA will open a clone of the GPBUSD position and the AUDUSD position, since they are positive in profit. This function is setup to have a single execution per day, if 'emergency_loss' PIP value is reached, only execute 'emergency_trading' function once, then restart the next day. This function cannot be turned off, unless the code is deleted.
EA Options:
Trade | enables trading, if set to true
C1 | 1st currency
C2 | 2nd currency
C3 | 3rd currency
C4 | 4th currency
Show_Profit | enables tracking of profit/loss of all trades executed by this EA
Enable_Profit | Enable profit monitoring, to close all positions
Enable_Loss | Enable loss monitoring, to close all positions
Enable_Emergecy_Trading | enables to enter new trades when profit reaches Emergency_Loss PIP value
Profit | PIP value
Loss | PIP value
MagicNumber1 | number to track C1
MagicNumber2 | number to track C2
MagicNumber3 | number to track C3
MagicNumber4 | number to track C4
E_MagicNumber | number to track Emergency Trades
Lot | order lots
