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The king Hedging Forex is an MT4 expert advisor that opens a buy and a sell position together, then adds further positions with different lot sizes as a basket. It offers manual or risk-based lot sizing, a spread filter and a GMT trading window.
Get one message the moment it launches, with its price.
The king Hedging Forex is an expert advisor for MetaTrader 4 that works with paired buy and sell positions. It opens both sides at the same time and then manages them as a basket, adding extra positions at different lot sizes when price moves against one side.
At the start of a cycle the EA opens one buy and one sell trade, each with a small take-profit target measured in points. When price moves and one side is under pressure, it opens additional positions on that side using another lot size, and it pauses new trades of the type that is already in profit. The basket is closed once it reaches its profit level. This is a form of averaging, so open exposure can grow quickly if the market trends in one direction for a long time.
The EA is designed for the M5 chart. It can technically be attached to any forex symbol, but the author points to liquid majors such as EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, EURJPY and USDCAD, or any pair with a low spread. A low-spread account matters because the take-profit target per trade is small. Your broker must allow hedging, meaning opposite positions on the same symbol.
| Input | Purpose |
|---|---|
| Lot1 | Manual lot size |
| Auto_Lot | Switch between manual and risk-based lot size |
| Max_Risk | Risk as a percentage of equity when Auto_Lot is on |
| Max_SPREAD | No new positions while the spread is above this value |
| Take_Profit | Target in points; check the value for 4/5-digit and 2/3-digit brokers |
| Start_Time / End_Time | Trading window in GMT |
| Magic_Number | Identifier for the EA's own orders |
The author does not give fixed default values here, so check the inputs tab after loading the EA and adjust each one to your broker and account size.
Basket and averaging methods can hold many open positions at once, and the author suggests high leverage and a large deposit for that reason. Check the margin your account would need before using any lot size.
Trading carries risk and you can lose more than you expect. Past results do not predict future ones. Test on a demo account first and never risk money you cannot afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor, .ex4) |
| Strategy focus | Volume |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Trade style | Hedging with a multi-position basket, volume-based lot scaling |
| Timeframe | M5 |
| Markets | Forex majors such as EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, EURJPY, USDCAD |
| Account type | Low-spread account; hedging must be allowed |
| Leverage and deposit | Check the author's recommendations; high leverage and a large balance are suggested |
| Main inputs | Lot1, Auto_Lot, Max_Risk, Max_SPREAD, Take_Profit, Start_Time, End_Time, Magic_Number |
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No. This listing is for MetaTrader 4 and the file is an .ex4 expert advisor. It will not load in MetaTrader 5. Check that your terminal is MT4 before you buy.
The EA is intended for the M5 chart. It can be attached to any forex pair, but the author points to major pairs such as EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, EURJPY and USDCAD, or any pair with a low spread. Test on a demo account first.
A low-spread account that allows hedging (opposite positions on the same symbol) is advisable. The author suggests high leverage and a sizeable deposit because the basket can hold several open positions at once. Confirm the figures with your broker and test the lot size you plan to use.
Set Auto_Lot to false and enter a fixed size in Lot1, or set it to true and let Max_Risk, a percentage of equity, drive the size. A higher percentage gives larger lots, which raises exposure. Start low and test on a demo account.
Yes. Start_Time and End_Time are given in GMT, and Max_SPREAD stops new entries while the spread is above your limit. Magic_Number lets the EA tell its own trades from others on the account.
No. Trading carries risk, and a basket approach can build large open exposure in adverse markets. Past results do not predict future ones, so test on a demo account and only risk money you can afford to lose.
The king Hedging Forex
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