MassEffects Multicurrency hedging fx exposure

MassEffects Multicurrency hedging fx exposure 1.1

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Monitoring: https://www.mql5.com/en/signals/author/yarkan

These are the features​

  • Does not use indicators
  • Uses averaging with increased lot
  • Bar open prices are works that use explicit control of the bar.
  • You can trade independently in either Buy or Sell direction. For hedge accounts, rules can be established to buy, sell or buysell.
  • Trade information is displayed in the upper-left corner of the chart

Recommendations​

  • M1 timeframe
  • Touch 1:500
  • Refund of a portion of spread, commission


Parameters​

  • Pairs: Setting up trading pairs
  • Lots - setting up lot increase
  • TargetProfit Profit at positions that are closed
  • TargetLoss- Loss at which the position with an increased lot is opened
  • MaxDrawdown - if the drawdown (margin*100/balance) is more than MaxDrawdown, then the EA will not open positions with the initial lot
  • OffsetWinterGMT - broker's time zone (winter)
  • OffsetSummerGMT - broker's time zone (summer)

Explanation​

All positions are closed, if the total profit of all positions reaches TargetProfit (decreasing in proportion to the number of open positions)
If there are no open positions, at the beginning of a new bar a new position with an initial lot is opened
TargetLoss increases in proportion to open positions
A new position is created if the first position's loss (which is associated with an initial lot), is greater than TargetLoss
If the Pairs parameter is set as example: [USDCAD,0-8,BuySell][EURGBP,17-22,BuySell][AUDJPY,6-15,BuySell]
Testing was performed in the mode "Each tick based on real ticks"
Author
Best Forex Ea
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