Introduction
Trading robots, or Expert Advisors (EAs), have changed the landscape of online forex trading. One such EA that has stirred conversations is Hedge Zone Recovery. Designed to automate your forex trades, it operates on the principle of hedging and zone recovery strategy to close trades in profit. While some users may have reported considerable Drawdowns (DD) and even account blowouts, it's crucial to understand how to correctly use this EA. Let’s dive in.Installation and Setup
To kickstart trading with Hedge Zone Recovery, you need to install and set up the robot on your trading platform. The process is straightforward:1. Download the EA files.
2. Copy the files into your MetaTrader Experts directory.
3. Restart your MetaTrader platform.
4. Drag and drop the EA onto the currency pair chart you prefer to trade.
Remember: Be sure to check the AutoTrading button on your platform to allow the EA to place trades.
As for the settings, the goal here is to manage risk. Set a reasonable lot size and maximum number of trades to avoid account blowouts. It's not a bad choice to be skeptical about any strategy that claims to be foolproof.
Experience with Hedge Zone Recovery
My experience with Hedge Zone Recovery has been, let's say, interesting. Yes, it might claim to close every trade in profit, but remember: no trading strategy is perfect. The EA employs a dangerous strategy that opens multiple trades, which can culminate in large DD and potential account blowouts. Remember, the comments and ratings from ruecha_m and worldofhunger are just the tip of the iceberg.Improving Hedge Zone Recovery Usage
To maximize the effectiveness of this robot, consider using it in strong trending markets. Also, using a stop loss could help mitigate risks. You might even consider setting up a fail-safe mechanism to disable the EA if your account Drawdown surpasses a specific threshold.The Hedge Zone Recovery Source Code
The actual source code for the original Hedge Zone Recovery sold on MQL5 is unknown. However, at EASY Trading Team, we can write a code based on its description on the MQL5 site. Don't worry, the comments section is open for any questions regarding the code.Disclaimer: This is a sample code from easytradingforum.com, based on the description of the Hedge Zone Recovery bot sold on MQL5. EASY Trading Team neither sells the Hedge Zone Recovery bot nor has any affiliation with it.
Code:
You don't have permission to view the code content. Log in or register now.