Hedging Champ EA is a robot created in March 2020 by developer Sugianto. Sugianto is a developer of trading tools specialized in the subject of hedges. The foreign exchange market is very volatile, and sometimes prices go up and down thousands of pips in seconds. For this, the expert advisor of HEDGING CHAMP manages the movement of pairs that go up and down thousands of pips in seconds.
In the foreign exchange market, we don’t know what will happen in the future. We can predict, but the predictions don’t always match what we expect. Therefore, it is very important always to protect our trade if prices move against the direction.
How Hedging Champ’s expert advisor works:
If it looks like the price is going to rise, you can choose the open position mode: Starting with Buy, the expert advisor will immediately take a buying position. If the price appears and has not reached the target profit, the expert advisor will take another buying position until the target profit is reached.
And on the contrary, since the price analysis has touched the resistance and will move down, please select the open position mode: Start with sell. If the price turns against the management, the expert advisor will take the opposite position.
But if you don’t know if prices will rise or fall and you have no idea where prices will move, you can choose the open position mode Xbars and fill in the number of bars to be calculated to know the highs and lows to determine points of purchase and sale. If the price breaks the breaking point upwards, a buying position will open, and vice versa if it touches the breaking point downwards, a short position will open.
Traders can also use the open position mode Start with trendline and Close With Trendline. Merchants can draw a trend line buying, selling, stopping losses, and take profit according to the analysis that has been done. And also added Buy, Sell, Close Everything, Close Profit, Close Buy, and Close Sell Buttons. So merchants can place orders at the press of a button.
Trendline and Button also work in the backtester, so traders can practice trading skills and open position methods. The weakness of the expert consultant’s break is whether the market is in a lateral condition, and this is why a partial closure button is provided.
After analyzing the market situation and there is no news or events that will cause prices to move sharply, traders can activate the partial shutdown mode by pressing the partial shutdown button.
The expert advisor shall immediately calculate and open the required position and close the longest position until all operations reach a profit. When clean, press the partial close button again to return to the starting position.
The default setting can be used on almost all pairs when there is an extreme movement up and down. The suggested starting balance is 1000 USD for a pair with lots 0.01 max trade and timeframe H1, but if you want to trade XAUUSD the minimum balance is 2000 USD because the pair XAUUSD requires a greater margin to take 1 position with lots 0.01.
Suggested currency pairs to start with are: EURUSD and USDJPY
In short, we’re talking about a robot that seems to be well-designed to work optimally in markets with high volatility and sharp price movements. We always recommend that when using an EA you have available a dedicated virtual server or VPS, to ensure that we do not miss any trade done by the advisor. It is also important that we have an ECN account in a reliable broker with low latency so that the orders are executed in the shortest time possible.
This tool has been on the market for a very short time, so we do not have comments from users who have tried it and can give us their opinions. We always recommend that our readers download the free trial demo version to familiarize themselves with the operation of the tool and verify what performance can be expected from it.
Hedging Champ EA is for sale on the MQL market at a price of 299 USD. You can also rent, at a price of 50 USD for 1 month, 75 USD for 3 months, 100 USD for 6 months, and 175 USD for 1 year.