Mastering the Hedging Martingale Strategy for MetaTrader 4

What is the Hedging Martingale Strategy?

The Hedging Martingale is a popular strategy among traders, boasting five different versions. It simultaneously opens both buy and sell trades and employs the Martingale approach to manage trades effectively.

How It Works

• If the market moves against your initial trade by a set number of pips, the system will open another trade in the same direction as the first. This cycle continues until a profit is realized.
• This strategy opens new trades only with the formation of a new candle, which minimizes the risk of multiple open trades, making it a safer option.
• The Hedging Martingale EA is versatile and can be applied to all currency pairs and timeframes.
• For optimal results, it’s best to use this strategy on a daily timeframe.
• Always start with a demo account to get the hang of it!

Version Features

• Version 1: Comes with a trailing stop loss.
• Version 2: Features a unique method for calculating lot sizes.
• Version 3: Allows the use of an Equity Stop.
• Version 4: Provides options to add or multiply lot sizes.
• Version 5: Maintains both buy and sell orders simultaneously.

Input Settings

• Use_TP_In_Money: Enable Take Profit in money (true/false).
• TP_In_Money: Take Profit in money (values: 10-100).
• Use_TP_In_percent: Enable Take Profit in percent (true/false).
• TP_In_Percent: Take Profit in percent (values: 10-100).
• Enable_Trailing: Activate trailing stop (true/false).
• Take Profit In Money: (values: 25-200).
• Stop Loss In Money: (values: 1-20).
• TakeProfit: TP value for each trade in this EA (values: 10-60).
• PipStep: Distance in pips for opening new trades (values: 10-50).
• Lots: Initial lot size, which will be duplicated at each step (values: 0.01-1).
• Multiply: Multiplier for each new trade step (values: 2-4).
• MaxTrade: Maximum number of trades that can be active (values: 2-10).
• CLOSEMAXORDERS: Close all orders if they exceed the maximum allowed.
• MagicNumber: Unique identifier for trades (values: 1-100000).
• TrailingStop: Set a value between 10 and 100 to activate the trailing stop loss; use "0" to disable it.

It's important to optimize this EA every few months and use the same input settings listed above.

For guidance on performing backtests, check out this link: Backtesting Guide