Euro Hedge is a Forex expert advisor that works on the MT4 and MT5 trading platforms. Launched on 29th March 2021, this robot trades in multiple currency pairs and uses eight different trading strategies. The vendor claims that the robot can deal with different types of markets like trending, spike, ranging, and sideways.
The current price of this Forex EA is $499, which is not exactly cheap compared to other systems available on the market. If you don’t wish to pay the large one-time fee, you can rent the EA for a monthly charge of $50. There is a free demo version you can download for testing purposes. However, there is no money-back guarantee.
Euro Hedge trading strategy
This robot uses eight strategies, namely Hedging, Averaging, Pyramiding, Martingale Lot, Anti Martingale Lot, Pending Order, close partial by money and percentage, and trailing by money and percentage. For hedging, the bot continuously opens long and short positions. While using the averaging strategy, it will open a position only if the initial position is lost.
The Pyramiding strategy involves the opening of a new position if the initial position is profitable. A larger-sized position is opened by the robot after the loss of the initial position when it is using the Martingale strategy. Conversely, while using Anti Martingale, it will open such a position if the initial order is profitable. The goal of the pending order strategy is to hasten recovery. For this, the robot initiates a pending order position when it reaches the minimum target open position.
You have the option of choosing either trailing by money or by percentage. It is also possible to run both simultaneously. Similarly, you can run close partially by money and by percentage at the same time or individually. This EA aims to get in and out of the market as swiftly as possible to avoid unexpected market shifts.
Euro Hedge features
Euro Hedge works on pairs like EUR/USD, GBP/USD, and XAU/USD. For best results, you need a VPS with a decent internet connection. It has a drawdown reduction feature where you can partially close orders after reaching a certain profit level. You can also use time control to restrict the days on which the robot trades. It is possible to set the start and end times for the trades and manage the maximum spread and grid settings.
Euro Hedge backtesting results
EA vendors normally test their systems using historical data. These tests, known as backtests, are conducted with several years’ worth of market data. Unfortunately, the vendor has not shared the backtesting results for this EA. Thus, we cannot determine whether it can deal with different market conditions over a long time period.
Euro Hedge live trading results
There are no verified trading accounts for Euro Hedge on third-party websites. Here, we have a demo account on MQL5 that was launched on 5th November 2021. To date, the robot has conducted 13807 trades, winning 62.86% of them and generating a total profit of $ 5261.50. The average holding time for the trades is five hours.
This account has a decent profit factor of 1.36. The maximum drawdown is only 13%, which tells us that the strategy is not too risky. For this account, the average profit and loss are $2.31 and $2.88, respectively. To date, there have been 47 maximum consecutive wins and 40 maximum consecutive losses.
Euro Hedge reputation
The developer behind this system, Sugianto, is a resident of Indonesia. This person has more than six years of experience selling products on MQL5. There is no background information on the developer and they haven’t shared any contact information. As such, the only way to get in touch with them is to message them via MQL5. Other products from this seller include Hedging Pro Ultimate, GO Trendline, GOLD Pyramid, Midnight Box, DuniaMaya, SouthEast, Stop Out Monitor, NetZ, TWO Direction, GO Trendline, etc.
There are no user reviews for this expert advisor on websites like Quora, Myfxbook, Trustpilot, and Forexpeacearmy. On MQL5, there are a handful of reviews, but we cannot consider them authentic.
Euro Hedge review summary
- Strategy – 6/10
- Functionality & Features – 4/10
- Trading Results – 5/10
- Reliability – 4/10
- Pricing – 4/10
Euro Hedge is an expert advisor that is not supported by verified trading statistics. The vendor has not even shared the backtesting data, and there are no customer reviews on third-party websites. You need to shell out quite a bit of money to purchase this EA, but the seller does not offer a money-back guarantee.
