Trailing Stop 3 atau 4 Rebound update from 0 to 1 (Important update 13 Mar 2009,
as 0 means Trailing Stop is deactivated)
Whats New / Fixed in v1.69:
TimeLimit additional setting added (DST_Time)
Whats New / Fixed in v1.68:
HedgeGap Default set to 18 points
Safer Feature Added (to cut BEP / cut loss during higher levels)
Trailing Stop setting changed (if you have version 1.67 please set TrailingStop_3_StartLevel to 6 or simply update with
version 1.68)
Trailing Stop Display bug fixed
Whats New / Fixed in v1.67:
Trailing Stop setting changed
TimeLimit Feature Added
CloseAll Bug Fixed
Whats New / Fixed in v1.66:
Important Bug Fixed
EA Display Bug Fixed
Whats New / Fixed in v1.65:
Bug Fixed
Lot size multiplier bug fixed
MaxRiskPercentage bug fixed
Closing info added
Pending order bug fixed
When MetaTrader software is still running, you have to close it first. Then copy "Ex4" file downloaded above in
folder "Metatrader" -> "experts". For example: C:\Program Files\*Your MetaTrader*\experts\
To install Close All script (only for live accounts). Copy ".ex4" script, copy the file to folder "Metatrader" -> "experts" -> "scripts".
For example: C:\Program Files\*Your MetaTrader*\experts\scripts
Run MetaTrader, login, then click "Tools" Menu at the upper side of MetaTrader. Choose "Options" to open Options
window (Alternative shortcut is typing Ctrl-O to open Options Window). Choose "Expert Advisors" tab. Tick the options below :
"Enable Expert Advisors"
"Disable experts when the account has been changed"
"Disable experts when the profile has been changed"
"Allow Live Trading"
"Allow External Expert Imports"
IMPORTANT: In case you change login number, you need to tick again the options above
In "Navigator" window (if you can not find please click Ctrl-N), click "+"
sign on the left side of the "Expert Advisor" to see a list of available Expert Advisor,
you should see "Super Hedging" with grey color (If you can not find Super Hedging in the list, this means you did not
copy expert advisor file in the correct folder. Double check and repeat step 3)
Open the chart you want, for example GBP/USD, it is recommended to use M1 to M15 time frame
(1 to 15 minutes). Double click "Super Hedging" in Navigator Windows (or can be done by holding and dragging
Super Hedging to the chart). A pop up menu will be shown. Click "Inputs" Tab to change EA
settings as you wish and click OK.
Recommended Setting :
Beginners are recommended to use built in "mode" setting, for example: h2, hn, hn2, ht, ht2, etc. All other
settings can be left default. Explanation about this can be read at Expert Advisor Setting and Input Explanation
Multiplier 0 or 2. Due to recent Global Financial Crisis, currencies' Daily High Low Range also
strongly affected and becomes smaller, you may use Multiplier 2 for alternative. (Needs less time to get profit, but has higher risk).
LotSize 0.1 for Initial Deposit US$10000-30000, LotSize 0.2 for Initial Deposit US$30000-60000.
LotSize 0.01 for Initial Deposit US$1000-3000, LotSize 0.02 for Initial Deposit US$3000-6000.
TimeLimit True (only if traders want to trade in a nonstop range of 9 hours, ie GMT 5.00-13.35)
DST_Time can be set True if New York Time
has entered the daylight saving time (DST) (Please check it on line at
http://timeanddate.com/worldclock/city.html?n=179 in Daylight Saving Time row, it is entitled DST "started on" and
"ended on". If the current time is included in the range between the start and end, then please set DST_Time True).
If DST_Time is set True, TimeLimit start EA time will be forwarded 1 hour
Safer True
Estimated daily result is $8-25 if you trade with lotsize 0.01.
Recommended Capital is $1000. Best Recommended Capital is $3000
Estimated daily result is $80-250 if you trade with lotsize 0.1.
Recommended Capital is $10000. Best Recommended Capital is $30000
Estimated daily result is $800-2500 if you trade with lotsize 1.
Recommended Capital is $100000. Best Recommended Capital is $300000
Leverage 1:500
Pair GBP/USD
To reduce the risk for traders who prefer to run this EA for 24 hours, please set TimeLimit = true, without changing
EALoop setting to 0.
TimeFrame M1-M15 (1-15 minutes)
Other Settings can be left default
If MetaTrader crashes and closed automatically. Please update your MetaTrader to the latest version
Tip: If you want to save Expert Advisor personal settings, click on "Save" after changing
the settings in "Inputs" tab above (you dont need to click OK when
you only want to save without running an EA (Expert Advisor) as clicking OK will activate
the EA). To Load personal settings, click "Load" in "Inputs" tab then click
OK to execute the EA according to the settings that you load
To run "close all" script manually (this is necessary when Built in Close All function in
Super Hedging EA can not be loaded properly):
You have to remove Expert Advisor by clicking right mouse button on the chart,
select Expert Advisor -> Remove. Then Double click "Close All" script in
"Scripts" list in "Navigator" window.
If "Close all" script has been activated, "Closing All Orders" message will appear in "Experts" Tab within
"Terminal" Window (If terminal window can be seen, click Ctrl-T)
Open a Demo Account (Free) with $ 10000 capital (you must select capital amount at the first time you
create a demo account!). If you have made Demo account with less or more than $10000, you can register
a new demo account with $10000 capital.
To open a demo account : Click on "File" menu at upper side of MetaTrader -> Open an
account -> select the largest Leverage available, for example 1:500 and choose
Deposit "10000."
By using $10000 amount of initial deposit you will then be able to know how strong is
$10000 capital to hold losses when using mini lot (0.1) for initial order lot.
The demo default setting for initial lot (LotSize) is 0.1. However, you may adjust the
LotSize setting anytime if you want to use different initial capital amount.
For $10000 capital, you can leave the default "LotSize" input at 0.1
For those who want to be serious in forex, after you are skillful enough with $10000
capital. Make a demo account with larger capital (> $10000). You will see that larger
capital will be able to hold greater losses and at the same time will be safer.
Tips: Play with "increase", "multiplier", "HedgeGap", "TrailingStop" settings
without changing the TP and SL (SL Default is 0)
IMPORTANT: TP (TakeProfit) is a second priority, you will lose if you misplace TP and SL
amount (Do not change TP and SL!). Leave TakeProfit 150 and StopLoss 0 setting
as the default if you do not fully understand how "Super Hedging" works. The real function of take profit in Super
Hedging is replaced by Trailing Stop. This way, you may change Trailing Stop levels and leave TP/SL at default settings.
Super Hedging performance strictly depends on capital amount to initial LotSize ratio. The bigger the
ratio the better and safer to use Super Hedging. This can also be said that you have to have enough capital to use Super
Hedging. Without enough capital the risk is tremendous
Once you have successfully activate Expert Advisor. A smiley will be visible on the right corner of the chart and
LOCAL time indicator will run.
When you see X mark or glum in the right corner of the chart, please check if you have ticked the correct Expert Advisor
options as advised.
To close all positions manually, drag Super Hedging EA to the same chart once again
and select CloseAll -> true -> OK
When the EA is still in ON state (there is "Expert
Advisor is ON" note on upper left side of the chart) and at that moment you want to remove EA and do a manual intervention.
Please click the right mouse button on the chart, choose Expert Advisor -> Remove.
After the EA is in OFF state (there is "Expert Advisor is OFF" note on upper left side of the chart).
To re run EA, please do the following :
Click the right mouse button on the chart -> Expert Advisor -> Remove.
Click Ctrl-B (or right-click mouse button
on the chart, click "Object List"), select "LABEL_OFF / Expert Advisor is OFF" ->
Delete -> drag EA to chart to re run Super Hedging
Another alternative way: After the EA is in OFF state, press Ctrl-F4 to close active chart, click menu "File" at
the upper side of MetaTrader -> New Chart -> select the chart you want, and set time frame,
then drag EA back to chart.
Before executing Super Hedging Expert Advisor (EA), all positions that are not executed by Super Hedging EA
must be cleared / closed. Unless you intend to open initial market order manually, then you can order 1 market order (buy
or sell), then after the order is executed, you can drag EA as usual to the same pair chart. EA will intervene the next
order automatically.
Another important note to pay is when you are going to change / add forgotten EA settings, you may remove and reattach
EA only under these situations :
There is only 1 open position (pending order is not counted and ignored)
If there is only 1 open position exists and current market price has not moved too far away from the later initial opened
order, you can still remove and reattach EA with new main settings (such as hedging/averaging strategy, multiplier) and
minor settings (such as EALoop, trailing stop, timelimit, etc.) without any restrictions. This is caused by, principally
EA will actively start at the second open position. So at this point you
still have a chance to change the main settings (unless the price has moved far enough, it will be quite risky).
or
There are more than 1 open positions (pending order is not counted and ignored)
When there are more than 1 open positions at the same pair, the main EA setting (eg, hedging and averaging techniques,
multiplier) is strongly not recommended to be replaced
Example of main setting replacement : EA has been running with "hedging" techniques and there are 2 open orders at the same
pair, then you must avoid replace EA setting with "averaging" technique.
The replacement of EA minor settings are still allowed as they will not conflict and relatively safe to be replaced
even when there are more than 1 position at the same pair. Minor settings are Time Limit, EA Loop, Trailing Stop, etc.
For Live EA version 1.75 and later, Expert Advisor can be combined with other EA as long as the other EA does not trade
on the same pair.
For the Demo version, Expert Advisor can only be run on 1 pair / currency in 1 account. Do not activate the Expert Advisor
on more than 1 window, time frame, or a pair. If you want to
use the other pair, please open
new account and use the Expert Advisor by installing another metatrader on a different directory.
IMPORTANT NOTE :
This Expert Advisor is a final version (if there is an error / crash please send email to
support@learnforexpro.com
mentioning full error message, chronological time, and how the error occurred
Super Hedging Expert Advisor is not a zero loss and there is no guarantee that it will be 100% profitable.
By using this EA, we assume you have agreed this condition and will bear any risk or losses which may occur.
Please use this EA wisely in accordance with our recommendations
WARNING ! (Updated 17 Dec 2008)
Especially during mid-December to early January, you should avoid using this Hedging EA as the liquidity is very low and
market tends to move sideway. Please stop trading until the beginning of January
WARNING ! (Updated 11 Mar 2009)
Once the level is increasing. Level calculation example : Buy 0.1, Sell 0.2, Buy Stop 0.3 (current level is level 2, Buy
Stop is not counted)
Lets say current position has reached level 4 or more, your positions are quite risky
(can be checked by the presence of 4 or more open orders, not including
the pending order)
To reduce the risk, the best way is to close all / cut loss / cut BEP all positions at "critical" level
(level 4 or more). Closing all positions can be done when you get small profit, BEP, or even during small
loss
This technique is called BEP / cutting loss at the critical levels. Bear in mind that BEP / cutting loss at critical
level like this should be done while market is calm unless your margin is in dangerous / nearly margin call then you can
do this method in volatile market.
The purpose of cutting losses at higher levels is due to limited capital we have, this sum of capital will only able to
hold losses at the maximum of level of 7 to 9 (depends on capital size). So the BEP action should start at earlier level,
for example from level 4 or more.
Example during level 4, the maximum tolerance you can bear is $10 (micro lot
0.01) or $ 100 (mini-lot), then at level 5 or more, the loss amount ($) to be cut must be greater (because the value per
pip on each higher level will also far increased). The more level opened the bigger amount you should risk. We strongly
recommend you to cut loss at lowest level as possible.
We emphasize that BEP / Cut loss action is VERY IMPORTANT for serious trader or trader with
limited capital. Doing BEP will save the capital and
should be done at the lowest possible level such as level 4 or more. This seems a little harder to accomplish at the first time because it takes time
and effort to monitor the position if it has reached critical level, but for the serious traders or traders with small /
limited capital this method is COMPULSORY / MUST be done. (We have added a new feature to cut loss specific amount of dollar
at a specific level automatically, called Safer_Money_CutLoss)
The reward of taking time to
monitor positions during critical level is worth the effort, ie you can do trading with limited capital safely, and
always profitable.
Therefore, when current level is reaching 4 or more and the aggregate profit is almost BEP, BEP, profit or loss a
little, BEP / cut loss the positions immediately before the price reverses. (This also can be done automatically by turning
on Safer setting and fill in Safer_Money_CutLoss)
No matter if you are experiencing a small
loss or no profit (equal). You will always have the opportunity to gain profit on the next trading.
You should be careful if there is an opportunity to cut loss / BEP during high levels, do not miss the opportunity
to cut loss. Market reversal can increase level and reduce capital drastically. This will sometime generate Margin Call.
It is much better to break-even the position or cut loss slightly than losing the entire capital because of greed nature
Better play safe with automatic BEP (feature safer) and manual (close all positions) at higher level, and open a
position from the beginning with far smaller risk than trying to safe a little but losing all of your fund (Margin Call)
BEP technique is an alternative way to safe your fund while your trading positions are getting critical. This technique
is not a must, as you need to take time monitoring positions several times each day to check the level.
But would be far better spending time to practise this technique disciplinely as frequent as you can. Especially for traders who want to be professional trader / fund
manager
There are 2 ways to BEP / cut loss positions at critical level : Automatically (By setting safer feature)
and manually. Please note that you must use Safer_Money_CutLoss together with other setting in "Safer" money management.
Other setting in "Safer" money management parameter WILL NOT WORK unless your positions have touched BEP price
.
This means when your positions have not touched BEP point, it is still not safe.
Safer_Money_CutLoss can still be active eventhough your positions have not touched BEP point.
Always use Safer_Money_CutLoss($) to overcome this weakness.
If you use Safer_Money_CutLoss feature please read :
When level is increased and current level has reached 5, Safer_Money_CutLoss
must be increased and updated. You can put bigger amount as you wish. For example : Safer_StartLevel 4, initial
Safer_Money_CutLoss
setting is 100 ($), then when level is increasing from level 5, Safer_Money_CutLoss can be updated to lets say 300.
Important : To change Safer_Money_CutLoss, you dont need to change Safer_StartLevel.
To update Safer_Money_CutLoss, please remove EA. Change Safer_Money_CutLoss setting, then Drag EA to chart to activate
the new setting (Remember to keep other settings the same as you have used in your last setting, it is recommended to
always save your last EA setting everytime you use personal setting)
To close all positions manually, simply close one open order (not pending order) with biggest lot (make sure
CloseOneCloseAll is set True). Whenever you close 1 position, all position will be closed automatically.
Alternative way to close manually is : Drag EA to chart, select Close All -> true. After it is set true -> OK,
wait until the price moves / updates (new tick). When there is no price update (new tick), the close all
function will not start working!
If the price has been updated several times and built in Close All function does not work due to server busy, please
do the following : Click right mouse button on the chart -> Expert Advisor -> Remove. Double click "Close All" script
within script list inside Navigator window
Once Close All EA or "script" has been activated, you will see "Closing All Orders .. " in Tab "Experts" inside "Terminal"
window
WARNING ! (Updated 15 Dec 2008)
In Hedging strategy, while EA is active it will automatically open pending order. When technical errors happen such as
internet connection interference, VPS, broker, power outage, etc. sometimes the EA can not open pending order (very rare).
Super Hedging EA has been designed to be able to overcome this incident in a tolerable degree. However, if the interference
is very heavy and EA does not make any active pending order (such as buy stop, stop sell, limit buy, sell or limit)
within a few minutes, then you MUST remove EA from chart, then drag it back to chart with the same settings used
last time to address this issue.
In case EA is still not activated after the next price tick, you must restart MetaTrader to fix the error. Note that EA
is just a tool! You still need to check your positions to prevent technical problem occurence. The more often you check your
positions the safer your trading positions.
Forex trading by using expert advisors does NOT mean that EA can trade 100% without trader's intervention.
This is a big mistake.
By using EA, trader's role in trading can be minimized, but not eliminated. To traders who do not wish to
conduct trading at all and hope that EA / robot can do everything, should not trade forex.
Perhaps investment with small interest, such as bank deposits are more suitable.
Expert advisor is more suitable for those who are willing to take time checking their trading positions periodically
with great amount of cash as a reward.
WARNING !
Make sure you close / clear your positions before Expert Advisor get Expired. Expert Advisor will be automatically
switched off when it is expired!
Live version of Super Hedging has temporary Expire Date. When the date is approaching Expire Date. You can upgrade your
Expert Advisor for Free. You may request for upgrade not more than 1 month before expire date.
Please click HERE to upgrade your Expert Advisor.
WARNING !
As a default we have set "EALoop" 1 in order to trade safely, which means that if EA has been closed 1x then EA will
be OFF and does not open new positions (Only 1 time loop). You can also set "EALoop" 2, 3, and so forth.
"EALoop" 2 means that when the EA is closed after loop 1 ends, EA will trade again for 1 more loop. (Total loop 2 loops).
To get huge profit, this Expert Advisor can be run simultaneously. There are 2 kinds of strategies
to run Super Hedging EA simultaneously:
Every Monday-Friday at 12:00 to start at 21.00 pm GMT +7 (Recommended) (Set TimeLimit = true)
24 hours non-stop (when "EALoop" is set to 0).
Running simultaneous (a) is more advisable in order to reduce the risk of sideway market
To be able to withstand greater loss, the default maxriskpercentage is set to 100. Maxriskpercentage 100
settings means that you risk all of your money (all capital).
However, to reduce the risk, maxriskpercentage can be decreased to the level that can be tolerated.
(for example set to 75% maximum risk from capital, please fill in 75)
Minimum recommended Initial LotSize to trade simultaneously is 1x capital! Do not use LotSize more than 1x capital
If you have $10000 capital means that maximum initial lot to open is mini lot / 10000 units (0.1 lot).
If your capital is less than $10000 do not use the simultaneous trading of 0.1 lot!
If you have $1000 capital means that maximum initial lot to open is micro lot / 1000 units (0.01 lot).
If your capital is less than $1000 do not use the simultaneous trading of 0.01 lot! It is very dangerous to
use less than recommended amount.
"LotSize" setting which is safe enough to run Expert Advisor simultaneously is 1 or 0.5x your capital.
The smaller the LotSize the smaller the risk. Recommended is 0.5x capital or less. For example :
With $20000 fund, 0.5x capital is 0.1 lot, while with $2000 fund, 0.5x capital is 0.01 lot.
Although the initial lot seems very small, by running simultaneously, this EA will produce a very large profit.
Especially for traders who have minimum capital size and trade with 2x initial capital
(eg capital $3000 to trade 0.1 lot, or capital $1000 to trade 0.02 lot) please set TimeLimit true, and
you MUST BEP / cut loss all open positions while approaching level 5, 6, or more.
Trade with 2x capital is very risky and limited capital. You must BEP / cut loss your positions more often
(Read how to BEP / Cut Loss higher level positions a few paragraphs above) to secure the position
Always manage your fund carefully (good money management). To be successful in forex trading you have to do
the following :
Withdraw profit every 2 weeks, 10 days, and so forth, or
Transfer profit to your other trading account (if you have more than 1 account with the same name at the same brokerage)
For example after 2 weeks, the profit has reached 35% of total capital, you can withdraw the profit. In 6 weeks, the profit
will be more than 100%. After reaching this stage, trading is 100% risk free because the same trader is only using the
profit to trade. Do not use initial capital unless there is loss.
Note ! Trailing Stop feature must be used since it is acting as a VERY IMPORTANT fortress in trading. This Expert Advisor
basically has fake fixed take profit and stop loss. This EA utilizes Trailing Stop level (first priority) and backed up with
Take Profit level (second priority).
To adjust cut loss level (money management), you can input setting in EA "MONEY MANAGEMENT" -> MaxRiskPercentage (%).
The default setting is MaxRiskPercentage 100. If 100% of account balance loss occurrs all positions will be closed
(cut loss).
This setting can be replaced by risk percentage you can hold, for example, 10%, 25% or according to your
maximum loss tolerance.
Expert Advisor can only run when internet connection and your computer are ON and turned on. Use a stable connection
and UPS (power backup) to safety. We strongly recommend you to rent VPS (Virtual Private Server) to avoid bad connection /
power outage / computer problem.
Expert Advisor "CloseOneCloseAll" default setting is true, this means when one position is closed, then all positions
will be automatically closed (close all).
To turn off this feature, you can set "CloseOneCloseAll" -> false.
Get used to use VPS (Virtual Private Server) rent service in case you want to trade hours a day.
VPS can reduce risks caused by technical problem such as power outage, internet connection instability, etc.
The cost to rent VPS is around US$ 15-30 monthly.
LearnForexPro.com has proven that VPS service is very important to trade forex (foreign exchange) in a professional
manner. In the other hand, VPS is very helpful when you trade for hours. For more information on VPS, please
Click Here
Expert Advisor Installation Guide
