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Super Hedging Expert Advisor / Robot Forex Trading Setting Guide
For safer trading, we recommend you not to change the original settings
(default) unless you have enough experience in trading with LearnForexPro's "Super Hedging" Expert Advisor.
However you may change MaxRiskPercentage to meet your risk tolerance
Tip to be successfully trading with "Super Hedging" Expert Advisor is by trying the EA as long as possible in demo
accounts directly. Without trying directly (forward test) in various market conditions (both trending and sideways), you will not be able to
make profit consistently with it.
Default settings of Expert Advisor "Super Hedging" is the Hedging Strategy, this strategy is suitable for strong trending
market.
The most important factor to be successful in trading with Hedging Strategy is : CAPITAL AMOUNT
compared to initial lot size used. The stronger your capital, the safer and more profitable this EA.
The minimum deposit we recommend ($500 for micro accounts and $5000 for mini accounts) is very limited and should be
carefully traded.
WARNING :
Risks that must be understood when you use the Expert Advisor with a very limited capital :
There is bigger possibility to get loss as the capital is not strong enough to withstand loss.
(Default risk is 100% will be cut loss)
Losses will happen more often or you will need to cut loss more often. This will cause you need more time to
restore profit you have lost
How to set EA parameters quickly by using presets
If you frequently use a particular personal EA setting, please use presets. Preset is a file
that contains trader's favorite EA setting.
As an example, a trader wants to use a setting which is different from the default setting. As usual, the trader simply needs
to execute the EA by double clicking Super Hedging EA, and after EA window appears, click on Input tab. Change the settings
you want, when you're done, click "Save" to save the settings in a preset file. To load a personal setting, you can click
on "load", select the file you saved, and click OK to execute the EA according to the personal setting.
Making a descriptive preset name is important, if you use multiplier 2 and timelimit true, then you may use Multi2TLimit.set
for an example to easily identify the setting in the future.
EA Setting for beginners
If you are a beginner who is still confused, please use the default settings or use 3 main settings as follows
Mode = example h2, hn, hn2, ht, ht2, etc.
LotSize = please adjust LotSize based on your capital and minimum lot allowed by your broker
MaxRiskPercentage = maximum tolerable risk (in percent)
Detailed explanation regarding three settings above can be read below :
"Super Hedging" Feature and Setting Guide
Mode
Value :
normal (default)
Hedging : h, h2, hn, hn2, ht, ht2
Averaging : a, at, an, ahl, myav, myav2 (averaging is only for
eligible Live Account in B Class Platform)
Mode is a setting to allow traders use the most common EA settings quickly and practically. Mode is
similar to a preset, but mode has built in settings embedded in the EA.
Mode field must be filled with lower-case letters, without quotation marks, and no spaces. One mode can not be mixed with
other modes.
For example you want to use hedging multiplier 2, then simply fill in h2 in mode field and click OK. You can not combine
2 mode at the same time, for example: "h2 hn"
By entering, for example : h2 mode. The EA will then automatically input these settings
Filling h2 in "mode" field is the same as setting the five setting above manually one by one and leave the other settings
remain default.
Important tip to keep in mind is settings other than five settings above is kept in standard value and not changed. If you
want to use a mode and intend to change other value for an addition. Please input the mode, change other setting's value,
and then click OK.
You can also save "mode" and additional settings in presets as usual.
Detailed explanation of EA Super Hedging Mode settings :
This Mode uses Hedging technique, Multiplier 0 (increment of 1,2,3,6 and so on). Looping for 1 round. EA will be stopped after
all positions are closed.
This Mode uses Hedging technique, Multiplier 2 (increment of 1,2,4,8 and so on). Looping for 1 round. EA will be stopped after
all positions are closed.
This Mode uses Hedging technique, Multiplier 0 (increment of 1,2,3,6 and so on). Looping for non stop. Each time all
positions are closed, EA will open a new position (continue to the next loop).
This Mode uses Hedging technique, Multiplier 2 (increment of 1,2,4,8 and so on). Looping for non stop. Each time all
positions are closed, EA will open a new position (continue to the next loop).
This Mode uses Hedging technique, Multiplier 0 (increment of 1,2,3,6 and so on). Looping non stop for a few hours daily
based on TimeLimit time range set by the EA. (Timelimit detailed explanation can be found within TimeLimit section
in this page)
This Mode uses Hedging technique, Multiplier 2 (increment of 1,2,4,8 and so on). Looping non stop for a few hours daily
based on TimeLimit time range set by the EA. (Timelimit detailed explanation can be found within TimeLimit section
in this page)
Mode a : (Risk : 3)
Averaging=true
Hedging=false
TimeLimit=false
AveragingMultiplier=2
This Mode uses Averaging technique, AveragingMultiplier 2 (increment of 1,2,4,8 and so on). Looping for 1 round.
EA will be stopped after all positions are closed.
Mode at : (Risk : 2)
Averaging=true
Hedging=false
TimeLimit=true
AveragingMultiplier=2
This Mode uses Averaging technique, AveragingMultiplier 2 (increment of 1,2,4,8 and so on). Looping non stop for a few hours daily
based on TimeLimit time range set by the EA. (Timelimit detailed explanation can be found within TimeLimit section
in this page)
This Mode uses Averaging technique, AveragingMultiplier 2 (increment of 1,2,4,8 and so on). Looping for non stop. Each time all
positions are closed, EA will open a new position (continue to the next loop).
This Mode uses Averaging technique, AveragingMultiplier 2 (increment of 1,2,4,8 and so on). Looping for non stop as long as
Hi Low Range is more than the Range set at MinimumHiLowRange.
This Mode uses Averaging technique, AveragingMultiplier 2 (increment of 1,2,4,8 and so on). Increase 0. Gap 30 points.
Looping for 1 round. EA will be stopped after all positions are closed.
This Mode uses Averaging technique, AveragingMultiplier 2 (increment of 1,2,4,8 and so on). Increase 0. Gap 30 points.
Looping for non stop as long as Hi Low Range is more than the Range set at MinimumHiLowRange.
Close All Position
CloseAllPair
Value : true or false (default)
CloseAllPair is a feature to manually close all positions and all pair at the same time. Please set true to
close all open positions
and pending orders of the same pair. Make sure you get enough profit while using this feature for scalping purposes as if market price
is moving fast while you are in the process of closing all positions, you may get losses. (EA needs more time to close
more than one open positions)
CloseAll
Value : true or false (default)
CloseAll is a feature to manually close all positions of the same pair at the same time. Please set true to close all
current pair's open positions and pending orders. Make sure you get enough profit while using this feature for scalping purposes as if market price
is moving fast while you are in the process of closing all positions, you may get losses. (EA needs more time to close
more than one open positions)
Basic Parameter
EALoop
Value : 1 (default), 2, 3, .. etc. or 0 (zero = non stop)
EALoop is a setting for how many loops (rounds) EA will be running. If you set 2 means that EA will be running 2 times a
before EA stops. Namely after the first round is closed, EA will remain ON and open position from the beginning again
(second loop). After the second loop closing, EA will be OFF
To allow the EA to run continuously without stopping (non stop), you can set EALoop to zero (0). Each time EA is closed,
EA will remain ON and open new positions from the beginning again. EA will continue to open new positions after every
closing happens. Looping will remain ON like this until you turn off the EA with "CloseAll" or remove the EA manually.
It is advised not to set EALoop 0 as this setting could be dangerous if your capital is not enough / limited. Please use
TimeLimit ON instead of EALoop 0. For beginners, use only EALoop 1 for safer trading.
LotSize
Value : 0.1 (default), 0.2, 0.01, 1.00, 0.25, etc.
(LotSize Decimal depends on capital and forex platform used)
LotSize setting is open position initial lot. You can use fractional amount, the decimal digits depends on
CAPITAL and PLATFORM used. For mini forex platform, you can use 0.1 incremental. Example: 0.2, 0.9, 1.0, 1.5, 5.0
etc. While micro forex platform, you can use 0.01 incremental, for example: 0.02, 0.25, 1.25, 10.00 and so forth.
TimeLimit
Value : false (default)
TimeLimit is a setting to limit open new trades in a time range (12 to 21 wib / 5-14 GMT EST) instead of running
for 24 hours.
During the time period, EA will always run and looping continuously. When it is closed, EA will always
open a new position while current time is still within the range.
TimeLimit setting is almost the same as setting the EA 24 hours (EALoop = 0) nonstop. The different factor is
EA will only run in the range. For beginner EALoop settings can be left default (no need to change)
To enable TimeLimit, please set true
CloseOneCloseAll
Value : true (default) or false
CloseOneCloseAll is a setting to automatically close all open position while one open position is closed.
If CloseOneCloseAll is set to false, while one of open position is closed, the other positions will remain open.
Unless there is no open position, all pending order will be closed even CloseOneCloseAll is set false.
Usually setting false CloseOneCloseAll is to interfere the EA manually
(Setting CloseOneCloseAll is to false is not recommended unless you are skillful enough in using Super Hedging EA)
AutoCalculateLot
Value : true or false (default)
AutoCalculateLot setting is to calculate initial lot amount automatically according to current capital.
When you set true, initial lot size setting will not use "LotSize" parameter but will be automatically adjusted
based on your current capital balance. AutoCalculateLot setting should be used with LotEquityRatio feature. To enable
this feature please set true.
OnlyAllowDecreaseLot
Value : true (default) or false
OnlyAllowDecreaseLot will only work if EALoop is set greater than 1 or 0 (non stop). OnlyAllowDecreaseLot will allow
EA to use smaller initial lot than previous loop when there is loss / capital decreasing.
If the EA get profit, next loop lot size will remain the same as the previous lot.
(No Increase, Decrease Only).
If this feature is turned off, the lot size of the next loop will be automatically calculated based on amount of capital
available. While the EA get profit and capital is increasing, the next lot size will be increased, while there are losses and
capital is reduced, the next loop's lot size will be decreased. To turn off this feature please set false.
LotEquityRatio
Value : 1,2,3,..etc
LotEquityRatio setting is to calculate the number of initial lot size automatically based on lotsize to capital ratio.
(lotsize amount is counted by number of times of the capital). LotEquityRatio WILL ONLY work when AutoCalculateLot
has been set true.
To use lotsize amount of 2x capital. Please fill in 2 on LotEquityRatio. Example: Your capital is $1250, trading on
micro lot platform, LotEquityRatio 2. In this case, initial lot used is 1250 x 2 = 2500 or 0.025 (rounded to 0.03).
For $1100 capital, trading on micro lot platform, LotEquityRatio 2. In this case, initial lot used is 1100 x 2 = 2200 or
0.022 (rounded to 0.02).
CloseWhileHedgingProfit
Value : 0, 5, 10 (default), etc (in point)
CloseWhileHedgingProfit is a setting for automatically close full hedging order caused by improper manual intervention
by trader. Full hedging positions will prevent his EA to work properly.
Example: CloseWhileHedgingProfit 10, when the profit is reaching 10 points or more it will
close the current profitable position.
Safer
Start_Safer
Value : false (default) or true
Start_Safer setting is to close all positions in small profit / cut BEP (break-even) / or Cut Loss during
high level positions for protection.
Important ! This feature will not work if current price has never touched its BEP point. (unless you have set Safer_Money_CutLoss).
Safer_Money_CutLoss will still work as a protector eventhough current price has never touched its BEP point.
For example, if you set safer start at level 6, when the level has reached level 6, but the price has never touched the
point of total profit 0 (BEP or break-even) then this feature will not be
activated and your positions will not be safe unless you have entered Safer_Money_CutLoss value.
Activating Safer feature, Super Hedging will always wait for opportunity until BEP point is touched. If there is no chance
in the current level, EA will be looking for opportunities on the next level. Therefore it is suggested that
"Safer_EndLevel" is always set to 0 (unlimited)
This feature is created to secure the critical positions (cut loss / BEP / small profit) at high-level (eg level 5, 6 and
higher). To enable this feature, please set Start_Safer True
Safer
Value : 3 (default), 0, -3, etc (in point)
Safer is cut BEP / cut loss / cut profit amount in point.
Safer_Money_CutLoss
Value : 100 (default), 300, 500, etc (in dollar, do not enter minus value)
Safer_Money_CutLoss is a feature to cut loss all position in a specific level and amount. The default value of 100
is best fit for mini lots (around $1 per pip). In case you use micro lots, you may adjust the value to a smaller amount,
for example $10.
This setting will be optimal when it is set at high level to protect positions from margin call.
For example if the Safer_StartLevel is 5 and Safer_Money_CutLoss is $100 then at level 5 when
total loss in deposit amount is less or equal than $100, all positions will be cut loss. If the current total loss is
still greater than the value you set (eg, current total loss is now $300) it will not be cut loss until it goes
to $ 100 or less.
At the next levels, Safer_Money_CutLoss value will be increased automatically by Safer_Multiplier according to the
value you set. For Safer_Money_CutLoss=100 and Safer_Multiplier=3, at level 6 Safer_Money_CutLoss will be automatically
set at 1x100x3=300, level 7 is 600, and so on. (detailed calculation formula will be explained on Safer_Multiplier
section below)
Safer_Money_CutLoss value is increased by Safer_Multiplier to anticipate level increasing as lot size will often
doubled at the next levels. We suggest you are willing to cut loss at earlier level (lets say starts at level 5) before
things go worse and losses become larger.
Safer_Multiplier (this setting is exclusive for
eligible Live Account in B Class Platform)
Value : 3 (default), 0, 1, and above 1, example : 1.5, 2.5, etc
Safer_Multiplier is a setting to enlarge (multiply) Safer_Money_CutLoss value automatically each time there is level
increasing. There are 3 options you can choose : 0, 1, or more than 1. Especially for more than 1, you can use 2 digits
decimal for example : 1.25, 1.50, 2.50, and so on.
Safer_Multiplier Setting will only work if Start_Safer true and Safer_Money_CutLoss is set more than 0. This setting
will be optimal when used at higher levels to protect from Margin Call due to insufficient / limited fund.
It is advisable to try Safer_Multiplier, Safer_StartLevel, and Safer_Money_CutLoss value at demo account to find out the
optimal setting that will suit your trading style
Safer_Multiplier=0 :
Safer_Money_CutLoss value will be kept fixed each level without any incremental. For example if you use
Safer_Money_CutLoss=100 then it will remain $100 at each level starting from Safer_StartLevel you set.
Safer_Multiplier=1 :
By using this setting, at level 5, Safer_Money_CutLoss is set at default value of $100. At the next level (level 6)
Safer_Money_CutLoss is set $200, at level 7 Safer_Money_CutLoss is set $300 and so on.
The first digit will determine the next sum. For example 100 for 3 digits Safer_Money_CutLoss or 10 for 2 digits
Safer_Money_CutLoss.
Another example is : Safer_Money_CutLoss=125, then the sequence starting from level 5 is $125, $225, $325, and so on.
Safer_Multiplier=2 :
By using this setting, at level 5, Safer_Money_CutLoss is set at default value of $100. At the next levels
Safer_Money_CutLoss value can be calculated as :
(Current Level - Safer_StartLevel) x Safer_Multiplier x Safer_Money_CutLoss.
The sequence starting from level 5 is $100, $200, $400, and so on.
Safer_Multiplier=3 :
By using this setting, at level 5, Safer_Money_CutLoss is set at default value of $100. At the next levels
Safer_Money_CutLoss value are set at 300, 600, 900, etc.
Safer_StartLevel
Value : 5 (default), 7, 8, etc
Safer_StartLevel is a setting to activate Safer feature at a specific level
This setting will be optimal when it is set at high level to protect from the margin call. Calculate carefully by trying
in demo account to find out at what level you have to enable Safer feature.
Safer_EndLevel
Value : 0 (default), 7, 8, etc
Safer_EndLevel is a setting to deactivate Safer feature at a specific level
We recommend this setting is always set to 0 (unlimited), to protect from the Margin Call at critical levels.
Incremental Range
Increase
Value : 15 (default), 20, 25, etc (in point)
Increase is the setting to widen the distance of each position on the next level. This feature is very important
and must be used to reduce the risk if you trade with hedging strategy
It will always have 2 opposite sides, namely: If the increase value is too wide, it will be more secure in most cases
but takes longer time to get profit. If the increase is too small, it will have more risk but it needs less time to get
profit.
To turn off this feature, please input 0. (It is not recommended to change this feature unless you have mastered Super
Hedging trading strategy).
IncreaseStartLevel
Value : 2 (default), 3, etc
IncreaseStartLevel is a setting to activate Increase feature on a specific level.
By setting IncreaseStartLevel 2, the distance / range between the positions will be increased at level 2.
To work properly, IncreaseStartLevel must be set greater than 0.
IncreaseEndLevel
Value : 0 (default), 3, etc
IncreaseEndLevel is a setting to deactivate Increase feature on a specific level.
By setting IncreaseEndLevel 0, means that the distance / range between the position will always be increased.
(unlimited)
IncreaseEndLevel value must be greater than IncreaseStartLevel. To work properly, IncreaseEndLevel feature
must be set greater than IncreaseStartLevel or 0 (always increased on the next level).
Hedging Strategy
Hedging
Value : true (default) or false
Hedging is a strategy to exploit breakout trading system with hedging technique.
To turn off Hedging strategy, please set Hedging value to false.
HedgeGap
Value : 23 (default), 25, 30, etc (in point)
HedgeGap is a distance (gap) between initial buy and sell positions. To allow Hedging strategy to work properly,
HedgeGap feature must be true
Multiplier
Value : 0 (default), 1.5, 2, etc (Allowed max is 2 digits decimal)
Multiplier is multiplier ratio of the following open position's lot. The default setting of 0 is safe.
However you may input different setting as you wish. By setting the
multiplier to 2, the following position's lot is doubled (2x) previous positions lot. Example: 1,2,4,8, etc.
By setting the multiplier to 3, the multiplier lot is 1,3,9, etc. (very dangerous).
By setting the multiplier to 1, the multiplier lot sequence is : 1,2,3,4, etc. For safety use only default 0 to 2.
(It is not recommended to change this feature unless you have mastered Super
Hedging).
TakeProfit
Value : 150 (default), 200, etc (in point)
TakeProfit is a second priority take profit level, TakeProfit should be input above 150 to avoid loss. Increasing
range can cause losses if TakeProfit is set too low. The primary TakeProfit level is replaced by Trailing Stop function
in Super Hedging. TakeProfit serves as secondary / backup TP level.
Therefore, do not disable Trailing Stop for safety.
Stop Loss
Value : 0 (default), 100, etc (in point)
Stop Loss is recommended to be left at default 0. When you set 0, EA will automatically set Stop Loss by its calculation.
Setting Stop Loss to 0 is important. Filling Stop Loss with wrong value can be very harmful.
If you dont know much, please leave this setting as default
GapAdjustment
Value : true or false (default)
GapAdjustment is a feature to automatically adjusting the distance gap while slippage occurs. This feature is useful if
gaps occur at the time of ordering new positions. To enable GapAdjustment, please set to true
(It is not recommended to change this feature unless you have mastered Super
Hedging)
Averaging Strategy (averaging is only for
eligible Live Account in B Class Platform)
Averaging
Value : true or false (default)
Averaging is a strategy to optimize averaging technique which has been mentioned in "Trading
Strategy" page, the Quantum. To enable Averaging please set to true
AveragingHedgeGap
Value : 20 (default), 25, 30, etc (in point)
AveragingHedgeGap is a gap between initial buy position to the next buy, or between initial sell position to the next sell.
To enable AveragingHedgeGap, Averaging feature must be set true
AveragingMultiplier
Value : 2 (default), 1, 1.5, 1.75, etc (decimal is allowed)
AveragingMultiplier is lot size incremental ratio for the next position. Default setting of 2 is considered to be safe
enough to use. By setting multiplier to 2, the lot size for next position is doubled. Example: 1,2,4,8, and so on.
If you set multiplier to 3, the sequence is 1,3,9, and so on. (very dangerous). By setting 1, lot size multiplier is:
1,2,3,4, and so on. If you set multiplier to 0. the next lot size will be the same as initial LotSize setting.
Example: 1, 1, 1, and so on. For safety please use multiplier 0 to 2 only. (Unless you are very skillful in trading)
AveragingTakeProfit
Value : 50 (default), 20, 25, etc (in point)
AveragingTakeProfit is secondary Take Profit level. You can set any value you want. The AveragingTakeProfit is only a backup
Take Profit level
Primary Take Profit level is taken over by trailing Stop feature. Therefore do not turn off the trailing Stop for safety
AveragingStopLoss
Value : 0 (default), 100, etc (in point)
AveragingStopLoss should be set to default 0 or any value you wish. Setting Stop Loss value is very crucial. We recommend you
to leave Stop Loss empty (Not advisable to change this feature unless you are very skillful in trading)
MaxLotStop
Value : 0 (default), 0.8, 1, etc (in decimal lot)
MaxLotStop is the maximum lot that can be ordered. Suppose you want the maximum lot amount to open is limited to 1 lot.
Please fill in 1. EA will not open new positions in case the lot amount is more 1 lot.
To turn off this feature please set to 0. (Not advisable to change this feature unless the set has been advanced)
StartFromHiLow
Value : false (default) or true
StartFromHiLow is a feature that allows EA to open Buy and Sell positions whenever market price is approaching daily high
low extreme points to minimize the risk of Averaging technique. StartFromHiLow is created based on thought that after
market makes a large daily high low range, market price is likely to reverse after reaching daily high or low points.
For example : Current Hi Low range is 200 points for GBP/USD pair, after hiking to high of the day, market price is likely
to go down than moving upward. This also happens to low of the day. Hence EA will open limit sell around daily high and
limit buy around daily low.
MinimumHiLowRange
Value : 100 (default), 130, etc (in point)
MinimumHiLowRange is a minimum daily high low range to trigger EA to open pending limit buy and sell positions.
For example, current daily high low range is less than 100 points, MinimumHiLowRange value is previously set to 100
then EA will not open any positions until current high low range reaches at least 100 points.
To enable MinimumHiLowRange, StartFromHiLow must be set true
RangeFromHiLow
Value : 5 (default), 10, etc (in point)
RangeFromHiLow is gap among pending limit Sell to current daily High price and gap among pending limit buy to current daily
Low price. Value of 5 means that EA will order Limit Sell 5 points away above and at the same time order Buy Limit
away below current Low price. This setting is useful to prevent Limit pending orders from being touched whenever daily high
or low price are touched (as daily high or low breakout is usually confirmed by testing points above high or below low).
In this case sell limit order will be set at high + RangeFromHiLow and buy limit order will be set at low - RangeFromHiLow
Initial Order
InitialOrder
Value : auto (or "a") (default), manual (or "m"),
buy auto (or "ba"), or sell auto (or "sa").
Fill only with all small letters, for buy auto and sell auto, you must use a space between them.
.
For manual, auto buy, and auto sell you can use abbreviations. For example, just "a", "m", "ba", or "sa" without
the quotation marks ( ").
InitialOrder is initial open order setting at the first time Expert Advisor is ON.
auto : EA will open buy or sell order automatically based on 2 EMA (Exponential Moving Average) crossover.
There are 2 EMAs used, Short and Long EMA (EMA setting can be changed in the Short and Long option)
manual (or "m") :
You have to open initial order manually at market price. (Market Order). Once open order exists, Expert Advisor will
take over and continue automatically. If you set EALoop value more than 1 or EALoop = 0 (Looping Non
Stop), after the first loop is closed, EA will open automatic order based on EMA crossovers in the next loop (continue
with auto setting).
buy auto (atau "ba") :
Initially EA will open buy order at market price. If you set EALoop value more than 1 or EALoop = 0 (Looping Non
Stop), after the first loop is closed, EA will open automatic order based on EMA crossovers in the next loop (continue
with auto setting).
sell auto (atau "sa") :
Initially EA will open sell order at market price. If you set EALoop value more than 1 or EALoop = 0 (Looping Non
Stop), after the first loop is closed, EA will open automatic order based on EMA crossovers in the next loop (continue
with auto setting).
ShortEMA
Value : 5 (default), 10, etc. (according to timeframe you set)
ShortEMA is a signal decision maker for auto setting in initial order option.
When you use the EA on the 1 minute chart timeframe means that ShortEMA 5 is based on average value of
5 bars EMA calculation in 1 minute chart.
ShortEMA MUST be smaller than LongEMA, otherwise the signal will be reversed. (false)
LongEMA
Value : 14 (default), 20, 50, 100, etc. (according to timeframe you set)
LongEMA is a signal decision maker for auto setting in initial order option.
LongEMA has the same calculation formula with ShortEMA. The difference is LongEMA
has to have longer value than ShortEMA. Therefore you MUST input greater value than ShortEMA, otherwise the
signal will be reversed. (false)
Start With Straddle
Straddle
Value : true or false (default)
Straddle technique is a technique to open Buy Stop order above the current price and Sell Stop order below the
current price at the same time. This technique is often used before Important News Announcement.
Additional settings you need to set is Straddle Range OR (StraddleBuyPrice
and StraddleSellPrice). If you have set Straddle Range, you do not need to fill StraddleBuyPrice and StraddleSellPrice.
To activate this feature please set true.
Tip: You can combine Straddle with Hedging strategy 1 or 2 minutes prior to important news is announced.
Please set Straddle and Hedging value to true to combine these techniques.
StraddleRange
Value : 8 (default), 15, 20, etc. (in point)
StraddleRange is the gap between pending orders and current price. When you fill in 10.
Expert Advisor will order Pending Buy Stop at current price plus 10 points and Sell Stop orders at current price
minus 10 points.
To allow StraddleRange to work properly, Straddle feature must be set true
StraddleBuyPrice
Value : 0 (default), 2.0000, 1.9530, etc. (in price)
StraddleBuyPrice is the price of Buy Stop order you want to fill in manually. StraddleBuyPrice can be filled independently
if you want to use different range interval with Sell Stop range.
For example: Buy Stop Order is 15 points away from current price, while the Sell Stop Order is 10 points away from current
price. After you set StraddleBuyPrice please set the input StraddleSellPrice.
To allow StraddleBuyPrice to work properly, Straddle features must be set true
StraddleSellPrice
Value : 0 (default), 2.0000, 1.9530, etc. (in price)
StraddleSellPrice is the price of Sell Stop order you want to fill in manually. StraddleSellPrice can be filled
independently if you want to use different range interval with Buy Stop range.
To allow StraddleBuyPrice to work properly, Straddle features must be set true
StraddleTakeProfit
Value : 20 (default), 15, 30, etc. (in point)
StraddleTakeProfit is Take Profit level of Buy Stop and Sell Stop order you want to use.
If Hedging is in true state, then when one of the pending orders is touched and executed, the other pending order will
be cancelled.
The next step is hedging system will take over and set the appropriate Take Profit level automatically according
to Hedging Take Profit level setting. To allow StraddleTakeProfit to work properly, Straddle features must be set true
StraddleStopLoss
Value : 0 (default), 15, 20, 30, etc. (in point)
StraddleStopLoss is Stop Loss level of Buy Stop and Sell Stop order you want to use.
If Hedging is in true state, then when one of the pending orders is touched and executed, the other pending order will
be cancelled.
The next step is hedging system will take over and set the appropriate Stop Loss level automatically according
to Hedging Stop Loss level setting. We recommend that you set StraddleStopLoss to 0 while using it with Hedging
strategy.
To allow StraddleStopLoss to work properly, Straddle features must be set true
Trailing Stop
TrailingStop
Value : 20 , 25, 30, dll. (in point)
TrailingStop works to protect (lock) profit you have got. Example: Stop trailing is set to 20 points,
means that if your profit is more than 20 points, for example 25. The rest of 5 points profit will be locked automatically.
When the market moves against traders position, the position will be closed with 5 points profit. Please note
that Super Hedging Trailing Stops operates by closing positions in market price. That means if market is moving fast,
locked profit could still slip and turn to minus.
To learn more about Trailing Stop, please read
Tutorial Part 2
This feature is different from typical trailing stop built in MetaTrader, as it can lock profit under 15 points. We
provide 4 levels depth of trailing stop that can be adjusted independently in multiple levels.
Remember ! Avoid using too small Trailing Stop level unless for cutting BEP / cutting losses in high / critical levels).
Setting too low Trailing Stop value may cause some positions closed in minus when market is moving while you are in
the process of closing positions
TrailingStopStartLevel
Value : 2, 3, etc.
TrailingStopStartLevel is setting to activate Trailing Stop feature at a specific level
Tip:
Trailing Stop should be used at all levels, can be set overlapped, but may not have gap.
For example:
First Trailing Stop starts at level 1, ends at level 3, the second trailing Stop should start level 3 and so on.
You may not put TS 1 : Start level 1, End level 3 and put TS 2 : Start level 4, End level 0. (note that the first
trailing stop ends at level 3 and the second trailing stop starts at 4 (there is gap). However overlap is allowed,
example : TS 1 : Start level 1, End level 3 and put TS 2 : Start level 2, End level 0)
When 2 or more trailing Stop overlap, it will not be an error, but it is better
as protected by 2 or more layers.
To allow TrailingStopStartLevel to work properly, trailing Stop feature must be set true
TrailingStopEndLevel
Value : 0, 4, 8, etc.
TrailingStopEndLevel is setting to deactivate Trailing Stop feature at a specific level.
TrailingStopEndLevel must be set greater than TrailingStopStartLevel. At the end / higher levels, TrailingStopEndLevel
must be set 0 to enable Trailing Stop running without level limit. (no limit)
To allow TrailingStopEndLevel to work properly, trailing Stop feature must be set true
Rebound
Value : 3, 5, 8, etc. (in point)
Rebound setting is a kind of trailing stop that can help protecting profit. While Trailing Stop is working when
approaching Current Price - Trailing Stop point. (Example: Current position is at 40 points profit, Trailing
Stop is at 15 points) then profit you have locked is 40-15 = 25.
Rebound will be activated while profit is more than Trailing Stop level (more than 15 points) and the Rebound point is at :
Highest Price - Rebound (Example : Current position is at 40 points profit, rebound will be activated on
40-5 = 35 points are locked in profit.
To enable Rebound feature, Trailing Stop must be set true. To turn off rebound, please set 0.
IMPORTANT : Rebound value can not be greater than Trailing Stop value
Money Management
MaxRiskPercentage
Value : 100 (default), 40, 50, 75, etc. (in percent)
MaxRiskPercentage is a money management feature to limit the loss. When MaxRiskPercentage is set to 50,
once total loss is approaching 50% of Balance or more, all positions will be closed automatically.
Example: Balance is $10000, MaxRiskPercentage 50, in this case, MaxRiskPercentage will start to close
positions while total loss is 50% x 10000 = 5000. If total loss has reached $ 5000 or more, all positions
will be liquidated.
Tips :
Either MaxRiskPercentage or MaxLoss should be filled to protect your account. There are always 2 opposite sides
in forex trading. If you set MaxRiskPercentage larger, it will be more profitable,
as your position will not be easily liquidated in loss. However larger amount will be followed by higher risk
(High Risk High Reward)
By setting MaxRiskPercentage at small amount, it will be less profitable, more often cut loss, but
with smaller risk.
MaxProfit
Value : 0 (default), 500, 1000.50, etc. (in dollar)
MaxProfit is a feature for closing all positions when total profit reaches the amount you set or more.
To close when profit is $100.5 or more, please input 100.5 (without the $ sign)
To turn off this feature, please set 0.
MaxLoss
Value : 0 (default), 500, 1000.50, etc. (in dollar)
MaxLoss is a feature for closing all positions when total loss reaches the amount you set or more.
To close when loss is $100 or more, please input 100 (without the $ sign)
To turn off this feature, please set 0.
MaxLevelAllowed
Value : 0 (default), 4, etc.
MaxLevelAllowed feature is to close (cut loss) all positions while current level has reached or exceed the number set in
MaxLevelAllowed setting. The higher the level the larger the loss. We suggest that this feature is not enabled unless
you know what you are doing. To turn off this feature, please set 0.
LevelStopOpen
Value : 0 (default), 4, etc.
LevelStopOpen is a feature to prevent EA opening new positions after reaching a certain level. The EA is still active
including Trailing Stop feature.
To turn off this feature, please set 0.
Doubler
Doubler
Value : true or false (default)
Doubler is a feature to increase profit by opening additional position during profitable positions.
To enable this feature, please set true. This feature is best switched on prior to important news announcement.
DisableTrailingStop
Value : true or false (default)
DisableTrailingStop function is a function to turn off Trailing Stop feature. This feature should not be activated as
it may cause losses
DoublerLotSize
Value : 0.1 (default), 0.8, 1, etc (in lot, 2 decimals allowed)
DoublerLotSize is initial lot amount of doubler feature. To allow DoublerLotSize to work properly, Doubler must be set
true
DoublerRangeFromProfit
Value : 10 (default), 15, 20, etc (in point)
DoublerRangeFromProfit is the minimum distance / range from profit point that Doubler will be activated.
Example: If you set DoublerRangeFromProfit 10, Doubler will open position at the distance of 10 points away from
profitable point. To allow DoublerRangeFromProfit to work properly, Doubler must be set
true
DoublerTakeProfit
Value : 10 (default), 15, 20, etc (in point)
DoublerTakeProfit is Doubler take profit level. To allow DoublerTakeProfit to work properly, Doubler must be set
true
DoublerStopLoss
Value : 10 (default), 15, 20, etc (in point)
DoublerStopLoss is Doubler Stop Loss level. To allow DoublerStopLoss to work properly, Doubler must be set
true
DoublerMultiplier
Value : 0 (default), 1.5, 2, 3, etc
DoublerMultiplier is Doubler's lot multiplier ratio. Setting DoublerMultiplier to 0 or 1 will deactivate multiplier effect
and will be switched to addition in DoublerAddition input. Therefore, if DoublerMultiplier is set to 0 or 1, DoublerAddition
field must be filled. Suppose you fill DoublerAddition 0.1, then the sequence is 0.1, 0.2, 0.3 etc.
Multiplier others than 0 and 1, for example DoublerMultiplier 2 will double previous' level lotsize.
Examples 1,2,4,8 and so on. To allow DoublerTakeProfit to work properly, Doubler must be set
true
DoublerAddition
Value : 0.1 (default), 1.5, 2, 3, etc
DoublerAddition is doubler's lot addition. DoublerMultiplier can be set 0 or 1.
Suppose you fill DoublerAddition 0.1 the lot sequence is 0.1, 0.2, 0.3 and so on.
To allow DoublerAddition to work properly, Doubler must be set
true
DoublerStartLevel
Value : 1 (default), 2, 3, etc
DoublerStartLevel is a setting to activate Doubler feature in a specific level. To allow DoublerStartLevel to work
properly, Doubler must be set true
DoublerEndLevel
Value : 0 (default), 2, 3, 4, etc
DoublerEndLevel is a setting to deactivate Doubler feature in a specific level.
DoublerEndLevel must be set greater than DoublerStartLevel or set 0. When you set 0, Doubler will be activated
with no end limit. To allow DoublerEndLevel to work
properly, Doubler must be set true
DoublerMaxOrder
Value : 1 (default), 2, 3, 4, etc
DoublerMaxOrder is maximum number of doubler order allowed on each level. When you set 2, doubler will only be allowed
to open maximum of 2 order on each level. Each time new level begins, the number will be reset and doubler will allow
new quota (2 orders).
Example: DoublerMaxOrder is set to 3, at level one doubler has opened 3 positions and all of them are closed in profit.
this means quota for level 1 has run out. After level increases to level two, the quota is reset to 3 again.
To allow DoublerMaxOrder to work properly, Doubler must be set true
Time
StartEATime
Value : 2008.8.8 17:26 (default), etc
StartEATime is a feature to activate the EA at a certain time (according to PC local time or time used by the VPS).
Make sure you have updated local time before using this feature. Use the time format as stated on the example above.
To enable this feature, fill in the correct format and do not use past time!
EndEATime
Value : 0 (default), 2008.8.8 17:26, etc
EndEATime is a feature to close all positions and turn off EA at a particular time set. Do not use this feature
if you do not understand its function. To disable this feature, fill in 0.
StopLoopTime
Value : 0 (default), 2008.8.8 17:26, etc
StopLoopTime is a feature to turn off EA looping feature. To disable this feature, fill in 0.
