Ouro Hedge Scalping V3.0 Mq4 (Source Code)

The EA Ouro Hedge Scalping 3.0 is a fully automated trading strategy that incorporates risk management through hedging strategies, opening offsetting positions to mitigate potential losses. By continuously monitoring the market and applying its predefined rules, the EA identifies favorable entry and exit points, allowing it to execute trades automatically and take advantage of short-term opportunities. In this comprehensive review, we will delve into the strategy, features, strengths, and weaknesses. Additionally, we will also delve into the settings and risk management aspects of the EA Ouro Hedge Scalping 3.0 to help traders make an informed decision about its suitability for their trading endeavors.

EA Ouro Hedge Scalping 3.0 Strategy

The EA Ouro Hedge Scalping 3.0 is a sophisticated and fully automated trading strategy that utilizes safe risk management through hedging techniques. It is designed to operate in the foreign exchange market and works best on currency pairs such as EURUSD, GBPUSD, USDCHF, GBPJPY, and XAUUSD. However, it can be applied to any pair with reasonable effectiveness. This EA is optimized to perform on short-term timeframes, particularly the M1 (1-minute) and M5 (5-minute) charts. Its main focus is on scalping, which involves making quick trades to take advantage of small price movements in the market. By executing a large number of trades, the EA aims to accumulate small profits that can add up over time.

One of the notable strengths of the EA Ouro Hedge Scalping 3.0 is its emphasis on risk management. Through the use of hedging strategies, it seeks to minimize potential losses by opening offsetting positions in the event of adverse market movements. This approach helps protect the trading account from significant drawdowns and promotes a more stable equity curve. The Developer recommends a minimum account balance of $500 or the equivalent in a cent account, which allows for sufficient capital to withstand potential drawdowns and maintain effective hedging. Additionally, operating on a low spread ECN (Electronic Communication Network) account is advised to optimize trading conditions and reduce transaction costs.

One advantage of the EA is its avoidance of risky techniques such as martingale, mesh, or serum. These methods often involve increasing trade sizes after losses, which can quickly deplete the account if not managed carefully. The EA Ouro Hedge Scalping 3.0 takes a more conservative approach by relying on hedging and avoiding these potentially dangerous strategies. Another positive aspect of this EA is its efficient use of CPU resources. By avoiding excessive computations and calculations, it ensures that the trading platform runs smoothly without causing unnecessary strain on the system.

However, like any expert advisor, the EA Ouro Hedge Scalping 3.0 also has its weaknesses. Firstly, as a scalping strategy, it may be susceptible to high-frequency noise and sudden market reversals. This could potentially result in increased trading frequency or a higher number of hedging positions being opened. Moreover, the EA’s reliance on hedging may lead to extended periods of consolidation where trades are open in both directions without significant profit generation. This can impact overall profitability, especially in markets characterized by low volatility or ranging conditions. To mitigate these risks, traders are advised to employ sound risk management techniques and thoroughly test the EA on a demo account before considering live account usage.

EA Ouro Hedge Scalping 3.0 Features

• The EA operates autonomously, executing trades based on its predefined rules and parameters.
• Incorporates hedging techniques to minimize potential losses and protect the trading account.
• While optimized for EURUSD, GBPUSD, USDCHF, GBPJPY, and XAUUSD, the EA can be applied to any currency pair.
• Designed for short-term trading, aiming to profit from small price movements in the market.
• Works best on M1 (1-minute) and M5 (5-minute) charts, allowing for quick trade execution and analysis.
• Operates on an ECN account with low spreads.
• The EA does not employ martingale, mesh, or serum strategies.
• The EA minimizes the strain on the system by avoiding excessive computations and calculations.
• Recommends a minimum account balance of $500 or equivalent in a cent account to withstand potential drawdowns.

EA Ouro Hedge Scalping 3.0 Settings

• Lot for Balance – Automatic lot calculation volume
• Fix Lot (if 0 then Auto) – Fix lot
• Number of Opened Deals – Maximum orders
• Time to Start Hour – Start hour to open trades
• Time to Finish Hour – End hour to open trades
• Comments – Comments
• Magic – Magic number
• Open Opposite Deals – Enable opposite direction logic
• Max Spread – Spread filter
• Take Profit – Take Profit in points
• Stop Loss – Stop Loss in points
• Maximum Spread – Maximum allowed spread
• Lot Multiplier – Lot size multiplier
• Distance – Distance in points
• MinProfit – Minimum profit in points
• Trade Pairs – List of currency pairs to trade
• Use Hedge – Enable hedging strategy
• Use Amortization – Enable amortization
• Lot Percentage Hedge – Hedge lot percentage
• From DD% – Drawdown percentage to activate hedging
• Minimum distance – Minimum distance to open a new trade
• Activate News Filter – Enable news filter
• Text Corner – Corner to display news information
• Does not operate after (Minutes) – Time to stop trading before news release
• Doesn’t Operate Before (Minutes) – Time to resume trading after news release
• Enable Low Impact – Enable low impact news filter
• Enable Medium Impact – Enable medium impact news filter
• Enable High Impact – Enable high impact news filter
• Time Zone, GMT (for news) – Set the news time zone in GMT
• Assets for filters (empty – current asset only) – Filter news by specific assets
• Draw strip on chart – Draw news strip on the chart
• Draw lines on the chart – Draw lines on the chart
• Draw only new news – Display only new news events
• Approaching news signal – Enable approaching news signal

EA Ouro Hedge Scalping 3.0 Summary

The EA Ouro Hedge Scalping 3.0 is an automated trading expert advisor designed for scalping in the forex market. Its strengths lie in its safe risk management through hedging strategies and compatibility with multiple currency pairs. While it efficiently uses CPU resources and avoids risky techniques, its weakness lies in potential challenges during low volatility or ranging markets. Applying good risk management settings and Demo testing the EA before using it on a Live Account is crucial to minimize potential losses. This EA is suitable for traders seeking a conservative and automated approach to short-term trading.