Open trade summaries . One Click Hedging . Automated Hedging . One Click Close trade sets . Automated closing of trade sets
This utility is especially useful if you are using grid, martingale or pyramid strategies.
Here is a useful utility to hedge your open trades when the market moves against you. It gives a summary on how many lots open on each currency pair and allows you to hedge them. It is especially useful when you use a grid EA that opens tens of trades as it will become hard to calculate how many lots of open trades you have. The utility shows you a summary and allows you to Hedge only one pair or all pairs.
- It shows you the drawdown level in percentage
- It shows how many lots of open orders you have on each pair
- It allows you to Hedge one pair(there could be tens of open trades on this pair) or hedge all pairs
- It allows you to close all trades on one pair, or close all pairs.
- It allows you to set up automated hedging if drawdown reaches a pre-set percentage.
- It allows you to set up to close all trades automatically if drawdown reaches a pre-set percentage.
Ex: You might have 30 open BUY EURUSD trades. If you want to hedge them you will need to know the total lot size of all 30 trades. Normally you would need to calculate them manually and open a SELL trade to hedge them. This utility makes the calculations for you no matter how many currency pairs you have. It gives you a summary on how many lots are open, and you can then click on a button to hedge them all. The utility would open a single trade to hedge them.
Click for a video showing how this utility works.
Please note that this utility only works if your broker allows hedging. You can simply try opening a ‘0.01 lot BUY EURUSD’ and ‘0.01 SELL EURUSD’ to make sure your broker allows hedging. This utility does not work on ‘MT5 Netting’ accounts.
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Ex: You might have 30 open BUY EURUSD trades. If you want to hedge them you will need to know the total lot size of all 30 trades. Normally you would need to calculate them manually and open a SELL trade to hedge them. This utility makes the calculations for you no matter how many currency pairs you have. It gives you a summary on how many lots are open, and you can then click on a button to hedge them all. The utility would open a single trade to hedge them.
Click for a video showing how this utility works.
Please note that this utility only works if your broker allows hedging. You can simply try opening a ‘0.01 lot BUY EURUSD’ and ‘0.01 SELL EURUSD’ to make sure your broker allows hedging. This utility does not work on ‘MT5 Netting’ accounts.
INSTALLATION
You can install this utility on any chart and any time frame. No matter what currency chart you installed it on, it will give you a full report on ALL open trades on any pairs.
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