Euro Hedge is a Forex robot that is sold on the MQL5 website. It is based on a combination of multiple trading strategies. You can run this system on both MT4 and MT5 trading platforms. Both versions of the EA were launched in March 2021.
The developer behind this system, Sugianto, is based in Indonesia. This person has been selling products on MQL5 for more than six years. We don’t know anything about their background and they haven’t revealed the identities of the other team members. Other expert advisors from this seller include Dunia Maya, GOLD Pyramid, SouthEast, NetZ, GO Trendline, Trendline Trader Lite, etc.
Before purchasing a robot, you must analyze all its different aspects in order to determine whether it is a worthwhile investment. This is why we are conducting this review to make things easier for traders. This robot has had no notable achievements so far, and it has been on the FX market for roughly a year.
What is behind the Euro Hedge EA?
This robot aims to enter the market and get out as quickly as possible to avoid the impact of market shifts. For setting the EA up, you need a VPS with a strong internet connection. Also, you need to sign up with a broker that supports hedging accounts. Before using a standard account, the developer recommends using a cent account for trial first. In case the broker does not support a cent account, you can use a demo account.
This EA supports three currency pairs, namely EUR/USD, GBP/USD, and XAU/USD. We don’t know which timeframe the robot is most suitable for, but for the live trading account, it uses 1:100 leverage. Also, it is not clear what the ideal starting balance for this EA is. The vendor recommends signing up with a low-slippage broker that is well-regulated.
This EA uses eight different strategies, namely Hedging, Averaging, Pyramiding, Martingale Lot, Anti Martingale Lot, and Pending Order. With Hedging, the bot opens long and short positions continuously. While following the Averaging strategy, it will open a position if the initial position is lost. Pyramiding involves the bot opening a new position when the initial one is profitable.
Martingale is a risky strategy where the position with a larger lot is opened when the initial one is lost. With Anti Martingale, it does exactly the opposite, increasing the lot size when the initial position is profitable. To speed up recovery, the bot might open a pending order when the minimum target position is reached.
You can also choose to use trailing by money or by percentage balance. It is also possible to close partially by money or percentage. At this moment, there are no backtesting results for this EA.
The current price of this EA is $299, which is quite cheap compared to the market average. You can also choose to rent the EA for a monthly fee of $50. There is a free demo version for download, but the vendor does not offer refunds.
Trading performance of Euro Hedge
At this moment, there are no verified trading accounts for this EA on third-party websites. The developer has shared a live monitoring account on MQL5. This account was launched in November 2021. To date, it has achieved a growth of 84.15%, generating a total profit of $18,420.09.
After conducting 26232 trades, the win rate for this account is quite decent at 64.33%. The profit factor is satisfactory at 1.21, while the maximum drawdown is 25.2%. Looking at the high drawdown, we can tell that the EA is following a risky strategy.
There is no dedicated support team for this EA. The vendor has not shared any contact address where you can communicate your issues. Thus, if you require assistance, you must get in touch with the developer via MQL5.
At this moment, there are no user reviews for this EA on third-party websites. On MQL5, there are a few reviews from customers, however, we cannot consider them authentic.