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The Nova Ultimate Trade Panel is a comprehensive manual trading and management utility for MetaTrader 5. It provides a movable, dynamic interface for executing market and pending orders with precise control over lot sizing and risk levels. Users can adjust stop loss and take profit targets directly on the chart using d
Utility · MT5
Hedging EA
Hedging EA is a manual trading utility for MetaTrader 5 designed to facilitate hedging strategies.
GitHub stars4
Forks2
Last update3 years ago28 May 2023
LicenceNone stated
Overview
Hedging EA provides a graphical interface that allows users to manually open and manage buy and sell positions to mitigate market risk. The tool includes risk management controls such as adjustable lot sizes, stop loss levels, and take profit targets. The project is in an early stage of development, focusing on manual execution control through on-screen buttons rather than fully automated algorithmic entry logic.
- Graphical user interface for manual trade execution
- Customizable lot sizing and risk parameters
- Simultaneous buy and sell position management
- Standard library integration for UI buttons
Details
Author
evertongoncalo on GitHub
Type
Utility
Platform
MetaTrader 5 (MQL5)
Strategy
Hedging
Markets
Forex
Timeframes
Any timeframe
Risk Profile
- Holds opposite positions at once
EA Files
Input Parameters
Read from EaHed.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
lot | double | 0.01 | |
StopLoss | double | 100 | |
TakeProfit | double | 250 |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone evertongoncalo/hedgingEA from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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