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NEW SMARTHEDGE EA MT4 – Full Input Settings Analysis
New Smarthedge EA is an Expert Advisor tailored for MetaTrader 4. It utilizes a correlation-based strategy to hedge positions between two closely correlated instruments. The EA initiates opposite positions when the instruments diverge and closes them as they converge. This approach enables simultaneous trading on correlated instruments, mitigating drawdowns and facilitating trading with substantial volume at relatively low risk.
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Hedge Configuration
- Lot 1 Symbol: 0.0
Original lot size of Symbol 1 is 0 (will be set as percentage of account balance). - Lot 2 Symbol: 0.0
Negative position (or even positive position) of original lot size of Symbol 2 is also 0. - Balance – Lot 1 Symbol (%): 0.1
Uses 0.1% of account balance to set lot size for Symbol 1. - Balance – Lot 2 Symbol (%): 0.1
Applies 0.1% of account balance for Symbol 2 as well. - Max Lot 1 Symbol / 2: 10.0 / 10.0
Maximum lot size for every symbol is restricted to 10 lots. - Koeff Lot: 1.5
Lot size multiplier on opening trades — uses a 1.5x martingale-style approach. - Bars Correlation: 300
Correlation is calculated on the previous 300 candles. - Minimum Correlation for Opening: 0.7
Only trades are made if the 0.7 or higher correlation of the two pairs persists — a high threshold for correlation.
Conditions for opening and closing orders and trading time frames
- Delta Open First (%): 1.0
Opens the first trade when the difference (delta) between both pairs is or exceeds 1%. - Next Delta Open (%): 1.5
Opens an additional trade if the delta increases by another 1.5%. - Filter Spread (Delta > Sum Spread): true
Only opens trades if the delta is greater than the sum spread — avoids losses from fees. - TIMEFRAMES: current
Utilizes the timeframe of the current chart for analysis. - Start Trail Profit (1 = on): 0.0
Trailing stop is disabled. - Close Trail: 0.0
There is no closing of a trade based on trailing profit. - Dividing the Closing Profit: 1.0
Closing profits are divided by 1.0 factor (no change). - Equity Profit %: 1.0
Closes all positions when the total profit is 1% of the account equity. - Minimum Profit in the Change of the Delta (USD): 0.5
Trades will be closed only if the delta move yields a profit of at least $0.5.
Transaction Time – Interface – MagicNumber
- Time Start: 1
Trading begins at 1:00 AM. - Time End: 23
Trading ends at 11:00 PM. - MagicPlus: 1
Magic number used to distinguish this EA’s orders from others. - color_x_Symbol_1 / 2: PaleTurquoise / MintCream
Colors to show for Symbol 1 and Symbol 2, respectively. - color_fon_panel: SkyBlue
Color of the information panel background. - color_text: Black
Color of the text shown. - Font Size: 12
Text size shown. - Size Information Window: 1.0
Scaling factor of the information window.