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  #1 (permalink)  
Old 08-18-2008, 04:06 AM
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EES Hedger - Take the other side of the trade!

EES Hedger

Do you have the need to take the opposite side of a trade? Using manual trading or another EA, EES Hedger can immediately take the opposite position as specified in EA parameters.

Instructions:

For example, you are trading SAR EA on GBPUSD and SAR EA uses magicnumber of 1234,
so you want to use EES Hedger in conjunction with SAR EA. Open another GBPUSD chart (same pair SAR EA is trading), does not matter which time frame, but it is ideal that you use the same timeframe as what the SAR EA is trading, or a lower timeframe. Now on EES Hedger’s external var: Original_EA_Magic enter SAR EA's magicnumber which is in this example 1234. Now make sure that Advocate_EA_Magic is different from Original_EA_Magic. Once SAR EA opens a trade, EES Hedger will open the opposite order. Now if you want to use EES Hedger for Manual trades, simply input Original_EA_Magic = 0.

Parameters:

Original_EA_Magic = 0, //This is the magic number that your 1st EA uses where advocate EA will base its trades on
Advocate_EA_Magic = 2008, //This is the advocate EAs own magic number please keep it unique to avoid conflict
Slippage = 6, //Amount of allowed slippage
TakeProfit = 50, //Take profit amount, per trade
StopLoss = 50, //Stop loss, per trade
TS_MinProfit = 0, //minimum profit require before trailing stop starts
TrailingStop = 25, //this is the trailing stop in pips
BreakEvenAfterPips = 25; //when this amount in profit in pips is reached SL will be moved to breakeven
Attached Files
File Type: mq4 EES Hedger.mq4 (9.2 KB, 165 views)
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Joe Gelet Elite E Services
www.eliteeservices.net
info@eliteeservices.net
646-837-0059
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Old 08-18-2008, 04:27 AM
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Interesting EA and thanks for posting.

Let's move the post the EAs section.
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Old 08-18-2008, 03:10 PM
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Hi Joe. Many thanks for the EA very useful I have put it on a demo and will test it.

I don't know if you are open to requests but if you are then please could you add an option for the Hedge EA to copy the Lot amount of the EA it is hedging.

I request this as I trade a martingale type strategy so the fixed lot size doesn't mirror the lot size constantly.

Many thanks again. Regards Schoe.
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Old 03-16-2009, 10:49 AM
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Question Hedge EA

Do you know a good EA for Hedge trading?

I am looking for a simple EA to open both buy/sell positions when reaching pre-defined values

The close will be manual or on the defined TP
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Old 03-17-2009, 09:05 AM
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Unhappy Can't download your EA

Quote:
Originally Posted by eesnz View Post
EES Hedger

Do you have the need to take the opposite side of a trade? Using manual trading or another EA, EES Hedger can immediately take the opposite position as specified in EA parameters.

Instructions:

For example, you are trading SAR EA on GBPUSD and SAR EA uses magicnumber of 1234,
so you want to use EES Hedger in conjunction with SAR EA. Open another GBPUSD chart (same pair SAR EA is trading), does not matter which time frame, but it is ideal that you use the same timeframe as what the SAR EA is trading, or a lower timeframe. Now on EES Hedger’s external var: Original_EA_Magic enter SAR EA's magicnumber which is in this example 1234. Now make sure that Advocate_EA_Magic is different from Original_EA_Magic. Once SAR EA opens a trade, EES Hedger will open the opposite order. Now if you want to use EES Hedger for Manual trades, simply input Original_EA_Magic = 0.

Parameters:

Original_EA_Magic = 0, //This is the magic number that your 1st EA uses where advocate EA will base its trades on
Advocate_EA_Magic = 2008, //This is the advocate EAs own magic number please keep it unique to avoid conflict
Slippage = 6, //Amount of allowed slippage
TakeProfit = 50, //Take profit amount, per trade
StopLoss = 50, //Stop loss, per trade
TS_MinProfit = 0, //minimum profit require before trailing stop starts
TrailingStop = 25, //this is the trailing stop in pips
BreakEvenAfterPips = 25; //when this amount in profit in pips is reached SL will be moved to breakeven
Hello,

When i click on the name of the EA it opens a blank page.

Can you repost the EA please in order that i can test it ?

Thanks in advance.
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  #6 (permalink)  
Old 04-10-2009, 06:45 PM
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EA that automatically hedged current OP

Hi,

I was wondering if anyone can help me with an EA that can automatically hedged the current OP by opening the opposite position(s). The hedged position will open when the equity / loss reached certain position just to minimize risk. Thanks for your help.
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Old 11-07-2009, 06:44 AM
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Quote:
Originally Posted by eesnz View Post
EES Hedger

Do you have the need to take the opposite side of a trade? Using manual trading or another EA, EES Hedger can immediately take the opposite position as specified in EA parameters.

Instructions:

For example, you are trading SAR EA on GBPUSD and SAR EA uses magicnumber of 1234,
so you want to use EES Hedger in conjunction with SAR EA. Open another GBPUSD chart (same pair SAR EA is trading), does not matter which time frame, but it is ideal that you use the same timeframe as what the SAR EA is trading, or a lower timeframe. Now on EES Hedger’s external var: Original_EA_Magic enter SAR EA's magicnumber which is in this example 1234. Now make sure that Advocate_EA_Magic is different from Original_EA_Magic. Once SAR EA opens a trade, EES Hedger will open the opposite order. Now if you want to use EES Hedger for Manual trades, simply input Original_EA_Magic = 0.

Parameters:

Original_EA_Magic = 0, //This is the magic number that your 1st EA uses where advocate EA will base its trades on
Advocate_EA_Magic = 2008, //This is the advocate EAs own magic number please keep it unique to avoid conflict
Slippage = 6, //Amount of allowed slippage
TakeProfit = 50, //Take profit amount, per trade
StopLoss = 50, //Stop loss, per trade
TS_MinProfit = 0, //minimum profit require before trailing stop starts
TrailingStop = 25, //this is the trailing stop in pips
BreakEvenAfterPips = 25; //when this amount in profit in pips is reached SL will be moved to breakeven

Hi eesnz's , Thanks for the EA, can this EA run on ECN broker e.g. FXCM UK?
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