simplest hedging ea ever
Info
The simplest hedging ea ever is a Expert Advisor for MetaTrader 5 that if an even simpler ea exists, i would like to see it. the ea does not use any indicators.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
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 simplest hedging ea ever
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
if an even simpler ea exists, i would like to see it.
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: tick data recorder - another powerful expert for MetaTrader 5 traders.
if an even simpler ea exists, i would like to see it!
the ea does not use any indicators. it simply opens two opposite positions when a new bar appears.
Also recommended: exp color ma rsi-trigger - similar expert with strong performance on MetaTrader 5.
then, it waits till both are closed by sl or tp and opens the next couple of positions.manual optimization allows us to select the best parameters where sl is lower than tp for each of the three trading pairs and receive the three possible results:
both positions are profitable
one position is profitable, while another one is loss-making (the profit covers the loss)
both positions are loss-making
the "open prices only" mode is recommended since it trades only at a new bar opening.
the best results have been achieved on eurgbp m5, while eurusd, gbpusd and eurchf have also shown good results.
feel free to improve the code as you like!
You may also like: range break out ea - 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.