Semi Automatic Hedge EA MT5

Hedge EA The trade panel
A highly customizable trade panel is where you decide on your setup. Drag the red lines to your desired target or enter manually. When the price moves to either of the red dashed lines, you will close in profit.

The blue line means it will begin with a buy, and the gray line below is the hedge zone; when the price reaches that price it automatically calculates the needed lot size to reach your desired target at the closest red line.

ADR / Avg Spread
The ADR is the average daily range showing how many pts this instrument normally moves in a day. This is good to know because you do not want this robot to run over market rollovers where the spread gets a lot higher.

So if your ADR is 500 pts, you should try to keep your target points lower than this, more like half your ADR. It’s great to combine this EA with the ADR Scalping indicator.

First Lot / Next Lot
Show your first/next trades lot size. This one calculates real-time so between entry and until you reach the hedge price this will change.

Trade cycle settings
A trade cycle is all your combined hedge trades together. So each cycle aims to open one or more positions, counted together as one unit, and when all trades in that cycle are in total profit or drawdown that you decided, it will close all trades.

Hedge Size (Pts)
This is your hedge distance before the Hedge EA changes the direction of your trade. This could be seen as your stop loss for each position.

Target Size (Pts)
This is how many points away from your entry and hedge your target (take profit) should be. It’s not exact but the EA calculates lot sizes the best it can to have your target reach desired price levels.

If you trade intraday, a tip is to have these within the ADR high and low.Profit Target (%)
This is how much you want to profit in percent of your account equity when the price reaches any of your target lines, both upper and lower.

Max Drawdown (%)
How much % are you allowed to use for your hedge trades before it closes everything in loss?

Exit B/E from Pos+
Set a number from where the Semi Automatic EA will close the trade at breakeven if possible. If you enter 3, it will close the trade as soon as it reaches breakeven. This is good if you want to reduce your risk after a certain amount of positions and start over with another trade.

Profit Target (%)
This is how much you want to profit in percent of your account equity when the price reaches any of your target lines, both upper and lower.

Max Drawdown (%)
How much % are you allowed to use for your hedge trades before it closes everything in loss?

Exit B/E from Pos+
Set a number from where the Semi Automatic EA will close the trade at breakeven if possible. If you enter 3, it will close the trade as soon as it reaches breakeven. This is good if you want to reduce your risk after a certain amount of positions and start over with another trade.

Recommendations for this Semi Automatic EA
Minimum account Balance of 100$.
Work on any Currency, Index, or Cryptocurrency.
Work on any Timeframe.
According to the developer, he passed the FTMO challenge using this EA. So this EA could be used for FTMO too.
This Semi Automatic Hedge EA MT5 works on any VPS. So we recommend running this free forex EA on a reliable VPS
Any broker that allows Hedging is fine for this EA.