Euro Hedge trading robot uses auto money management to trade on multiple currency pairs. The algorithm allows traders to manage the grid and enable trailing stop losses to secure their profits. It is also possible to use the time filters to trade only during specific hours.
The developer provides a set file that is public on the MQL5 website. The developer recommends using the robot on a cent account before proceeding to a live one.
What is Euro Hedge?
Euro Hedge comes with the following features:
- It can work on 3 currency pairs:EURUSD, GBPUSD, XAUUSD.
- Traders can set the trade direction.
- There is a time filter within the system.
- Ability to set custom take profit and stop loss.
Official Euro Hedge website
Euro Hedge is available on the MQL5 marketplace for MT4 and MT5 platforms. The developer has constantly been updating it since its initial publication on March 29, 2021.
Sugianto is the author of the EA with a total rating of 5 for 18 reviews on the website. They have 42 products on the marketplace with 595 subscribers for their services.
How can we use Euro Hedge?
Euro Hedge can be used by following the following steps:
- Buy the expert advisor from the MQL 5 website
- Download the robot files on your MT4 ot MT5 platform
- Place the system on the charts to start trading
Pricing & refund
Euro Hedge can be purchased for $299, and traders can also rent it for one month at $50. There is no money-back guarantee as per the rules of the MQL 5 marketplace.
The algorithm uses hedging, averaging, pyramiding, lot martingale, and anti-martingale strategies with scalping on EURUSD, GBPUSD, and XAUUSD. According to the developer, it can work in all types of market conditions, such as ranging and trending. Traders can limit the drawdown in percentage, pips, and money.
The history of MQL5 records shows us the use of geometric multiplication of lot size in case of losing executions. The algorithm maintains a day trading approach with an average holding time of 5 hours.
The vendor does not provide any backtesting records for the EA, which we could use to analyze its historical output. This is a poor approach which raises some concerns about the output of the EA.
Live trading results for Genius Asset MT5 are available on MQL5 from 2021.11.05 till the current date. The growth rate of the bot is shown as 33%, with a maximal drawdown of 41.7%.
A leverage value of 1:100 was used where the algorithm made a profit of 3287.42 USD from an initial deposit of 10000 USD. It is interesting to note that the developer is testing the system on a demo account which does not respect real market liquidity and slippages.
What are the real customers saying about Euro Hedge?
Only two reviews are present on the MQL5 website, where a trader comments that the robot only works on the backtest. On the real account, they have received several margin calls.
Summary: is Euro Hedge a trustworthy robot?Euro Hedge
Trading results2/5 Bad
- Detailed user manual
- No backtesting records
- A bit costly
- Uses risky grid and martingale