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ChristMyHedge (Christ My Hedge) is an EA (Expert Advisor) aka forex trading robot based on Overbought/Oversold, trend-reversal/trend-confirmation principle.
Recommended pairs are EURUSD, USDCHF, USDCAD, NZDUSD, USDJPY, AUDUSD, EURJPY, CADJPY, AUDJPY, EURGBP , EURCHF and GBPUSD . This EA is the MT4 version and run on D1 (or Daily) charts only. (MT5 version is also here in the market).
However, the newer version of ChristMyHedge-MT5 is news-based .i.e. it monitors economic news before opening trades. This news-based version EA is yet to be uploaded, but the signal is running. Try it.
Setting UseAutoLots to ‘Yes’ will make the EA to calculate and use an automatic lot size.
Default parameters may be OK for most trades.
Please note that the EA may not open trades everyday, but may open some trades within the week and run a few days, if running multiple currency pairs.
It is best you run the EA on VPS, if you do not have 24/5 Internet and electricity.
Parameters
The input parameters are:
FixLots: The initial lot size to use irrespective of equity, and if UseAutoLots is ‘No’. Default is 0.01.
UseAutoLots: If the EA should automatically calculate the lot size. ‘Yes’ is the default value and will ignore the FixLots value above.
MinimumEquity: This is the minimum equity required to trade 0.01 lot. UseAutoLots depends on this value.
MaximumTradeableSpread: The highest Spread under which the EA can open trade. The EA will not open trade if the Spread is higher than this value. The default is 40(points).
MaximumConcurrentTrades: The maximum number of unique pairs that trades can open or run at once (concurrently). Maximum is 10. Default is 7. This is necessary to limit the number of openable/running trades, especially when trading multiple pairs.
MaximumGridTrades: The maximum number of additional trades that can be opened if the loss of the running trade gets to 300points (or 30 pips) and the other conditions are still met. This grid trading is a kind of a martingale. The maximum is 3. The default is 0 (disabled).
StartTradesFromHour: The Hour of the day to start trading (i.e. start opening new orders). Default is 0.
CloseTradesFromHour: The Hour of the day to stop trading (i.e. stop opening new orders). The default is 24; meaning, the EA will not stop/close trading.
TakeProfit: The Take Profit value. The default is 600(points).
StopLoss: The value of Stop Loss. Default is 400. 0 means no Stop Loss. Any number greater than 0 will be used as Stop Loss.
TrailingStop: To pick partial profit by moving the Stop Loss position to cover the profit at this point. The default is 0.
TrailingStep: The number of steps (points) to move before reintroducing subsequent Trailing Stops. The default is 0.
May you have cause to say truly “Christ is my Hedge!”
