Xcalper = Forex Scalper
Hi,
Please let me know if you have any questions about Xcalper EA.
I think expert advisor page is better for discussion of an EA. I have a couple of questions about ur EA. Can we discuss it in expert advisor section? Coz admin might lock or remove this thread from general section.
Stick to your rules
sure, plesae open the discussion
Hi,
I want to know about the hedge protection of Xcalper. Do you use hedging?? I also want to know about the pros and cons of hedging.
Thanks.
We dont use hedging on this Account.
You can enable/disable the hedging and we haven't enabled it yet. If the market is uncertain, we will enable the capability.
Please let me know if you have any questions.
Mike
Can you tell me about the advantage of hedging and disadvantage of not to use??? Please
Thanks.
The way the hedge protection works is that if the EA opens a trade and the price goes in opposite direction, the EA will open a hedge position in a specific distance and with a higher size and will close the trades both with 0 profit.
Please let me know if you have any questions.
Originally posted by xcalperThe way the hedge protection works is that if the EA opens a trade and the price goes in opposite direction, the EA will open a hedge position in a specific distance and with a higher size and will close the trades both with 0 profit.
Please let me know if you have any questions.
How will it confirm trend reversal? Will it open a trade automatically if a trade goes negative by a specific number of pips? or will it use some indicators (MAs or MACD etc) to see if trend has changed or not?
Hedging with higher lot size can result in greater loss if trend changes its direction again. So trend confirmation method should be solid enough to minimize probability of higher loss.
it is a specific distance from where the first trade was opened.
if both trades go wrong the loss would be 50pips. the EA has SL set to 10%.
I think robot page is better for conversation of an EA. I have a few pre-determined concerns about ur EA. Can we talk about it in robot section? Coz administration might secure or eliminate this line from common area.