Protect Your Trades with HedgeCover EA for MetaTrader 5

HedgeCover EA - Your Smart Solution for Position Protection

Overview:
HedgeCover is a top-notch hedging Expert Advisor crafted to offer secure and controlled protection for your losing trades. Unlike risky martingale strategies, this EA employs smart risk management with multiple safety nets to keep you from over-trading and blowing your account.

Key Features:

One-Hedge-Per-Position - Each trade is only hedged once, preventing endless loops.
Magic Number Separation - Utilizes unique magic numbers for main trades and hedge trades, avoiding the issue of hedging hedges.
Configurable Loss Threshold - Define your loss level in pips (recommended 30-100) before a hedge kicks in.
Cooldown Protection - Establishes a minimum time between hedge trades (5-15 minutes is advisable).
Max Hedges Limit - Sets an absolute cap on the total number of hedge trades.
Margin Safety Checks - Requires 80% free margin to prevent over-leveraging.
Symbol Filtering - Only hedges positions on the currently active chart symbol.

Risk Management:

Prevents the dreaded "avalanche effect" that can wipe out your account.
Implements professional risk controls instead of reckless doubling down.
Offers lot size validation and normalization.
Includes comprehensive logging and monitoring features.

Recommended Settings:

Main Magic: Set this to your strategy's magic number.
Hedge Magic: Use a different value (e.g., 99999).
Loss Threshold: 50 pips is a good starting point.
Lot Coefficient: 1.5x.
Max Hedges: Limit this to 3.
Cooldown: 5 minutes is ideal.

License: MIT License - Free for everyone to use, modify, and share.

Warning: This EA is designed for demo testing and educational purposes only. Use it at your own risk, and always conduct thorough testing before taking it live.

Ideal For: Traders seeking professional hedging capabilities without the inherent risks of traditional martingale systems.

Protect Your Trades with HedgeCover EA for MetaTrader 5

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