Hedge Scalper EA is a MetaTrader 4 expert advisor developed by EATRADES.COM that combines scalping and hedging strategies to capture short-term market fluctuations across multiple currency pairs. This guide details how to customize its parameters to align with your trading preferences and risk tolerance. The EA employs an intelligent correlation system that redistributes profits from stronger pairs to support weaker ones, optimizing portfolio balance.
Detailed Analysis of Input Settings of Forex Hedge Scalper EA MT4
The parameters in Forex Hedge Scalper EA are organized into functional groups controlling different aspects of the trading system. The main parameter groups include basic information, strategy selection, money management, order placement, scalping options, hedging options, and equity protection.
Basic Information
Parameter Name
Description
Default Value
Range/Recommended Values
Impact
EA MADE BY
Developer identification
WWW.EATRADES.COM
N/A
None
EA Licensed To
Displays license information
Double Click For Details
N/A
None
EA Requirements
Displays system requirements
Double Click For Details
N/A
None
Strategy Settings
Parameter Name
Description
Default Value
Range/Recommended Values
Impact
Basic Strategy
The foundational trading approach
Basic Strategy
Preset value
Defines core trading methodology
Strategy to Use
Selects which strategy variation to implement
Basic Strategy
Preset value
Determines specific entry/exit rules
Money Management
Parameter Name
Description
Default Value
Range/Recommended Values
Impact
Starting Lots
Initial position size for trades
0.01
0.01-0.1 (based on account size)
Higher values increase both profit potential and risk
Lots System
Determines how position sizing is calculated
Fixed Lots
Fixed Lots
Controls risk management approach
Minimum Lots
Smallest allowed position size
0.01
0.01-0.1
Sets lower boundary for position sizing
Maximum Lots
Largest allowed position size
0.1
0.1-1.0 (depending on account size)
Caps risk exposure per trade
Order Placement
Parameter Name
Description
Default Value
Range/Recommended Values
Impact
Pip Step
Distance in pips between consecutive orders
20.0
10.0-30.0
Smaller values increase trade frequency but may reduce effectiveness
One Sided Max Orders Allowed
Maximum number of buy or sell orders permitted
6.0
3.0-10.0
Higher values increase exposure but allow for more averaging
Action On Max Orders
Behavior when maximum order limit is reached
Wait a little then close losing orders
Preset option
Affects drawdown management and recovery approach
Scalping Options
Parameter Name
Description
Default Value
Range/Recommended Values
Impact
Group TP (Pips)
Take profit level for a group of trades in pips
300.0
100.0-500.0
Higher values target larger profits but may reduce win rate
Group SL (Pips)
Stop loss level for a group of trades in pips
600.0
300.0-900.0
Higher values increase potential drawdown but allow more room for recovery
Use Short Take Profit
Enables/disables a reduced take profit target
false
true/false
When enabled, allows faster profit-taking on certain conditions
Short Take Profit
Alternative take profit level in pips when enabled
20.0
10.0-50.0
Lower values secure profits faster but may reduce total profit potential
Hedging Options
Parameter Name
Description
Default Value
Range/Recommended Values
Impact
Hedging System
Enables/disables the hedging protection feature
false
true/false
When enabled, adds protective opposite direction trades
Max Difference in Buy Sell
Maximum allowed imbalance between buy and sell positions
10.0
5.0-15.0
Lower values create tighter hedging but may reduce profit potential
Forced Hedge Mode
Forces the EA to always maintain opposing positions
false
true/false
When enabled, ensures constant hedging regardless of conditions
Equity Protection
Parameter Name
Description
Default Value
Range/Recommended Values
Impact
Dead Stop System
Action to take when equity threshold is reached
Do Nothing
Do Nothing/Close All Orders
Controls emergency risk management response
Equity Level To Stop
Account equity percentage that triggers the Dead Stop System
0.0
50.0-90.0 (recommended to change from default)
Higher values provide earlier protection but may limit recovery potential
Summary and Recommendations
Set Starting Lots conservatively at 0.01 per $1,000 of account balance for safer risk management.
Best suited for major currency pairs like EURUSD, GBPUSD, USDJPY with optimal performance on M5 and H1 timeframes.
Consider activating the Hedging System for additional protection on volatile pairs.
Adjust Group TP and Group SL based on the volatility of specific currency pairs.
Use a reliable low-latency VPS service for optimal EA performance.
Test different settings combinations on a demo account before live trading.
The default Dead Stop System setting of “Do Nothing” with 0.0 threshold offers no protection – strongly consider modifying.
Verify whether values are in pips or points for proper risk calculation.
Avoid trading during major news events even with the News Event Avoidance feature.
Consider reducing One Sided Max Orders Allowed value if using higher lot sizes.
Regularly monitor and adjust settings as market conditions change.
Important Risk Warning
Trading forex with automated systems involves substantial risk of loss. Past performance of Forex Hedge Scalper EA is not indicative of future results. Market conditions change constantly, affecting EA performance. Users are solely responsible for all trading decisions, risk management, and losses. Always thoroughly test this EA on a demo account before live trading. The developer provides no guarantee of profits and bears no responsibility for any trading losses incurred.
I'm Jason Chen, the founder of EaOnWay.com. With over 15 years in Forex trading and a background in Computer Science, I started EaOnWay to cut through the noise and hype. My goal is to give you clear, honest insights and practical, risk-aware education about Forex Expert Advisors, so you can trade with more confidence
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