The new features in the v1.7 is that you can set EA to ignore initial trades that have lot size lower or higher than the number specified. New features are:
you can set EA to discard initial trades that are equal or lower than the lot size set by this variable. This is useful if you want EA to hedge your “martingale” trades and you need to start hedging only after 2nd or 3rd initial trade. So if you set EA to discard initial lots lower than 0.02 it will ignore your “martingale” trades 0.01 and 0.02 and start hedging only 0.04 trade as you keep doubling the lot size. Default value is 0 (zero) which means this feature is disabled.
you can set EA to discard initial trades that are equal or higher than the lot size set by this variable. This is useful if you want to limit EA opening hedge trades for the high lot size trades. If you set this to something like 1.5, Hedge EA will ignore initial lots of 1.5 and higher and will not open hedge trades for them. Default value is 0 (zero) which means this feature is disabled.
If you do not have this software yet, we want to introduce you to the one of the most popular hedge trade managers available online for Metatrader 4 platform.
Hedging the Forex market can be quite an advanced strategy but with the Hedge EA you can take the headache out of hedging. This feature will automatically open a hedging trade in the opposite direction of the trade that is in a loss situation. Limiting your losses in Forex trading is the secret to long term success.
This Expert Advisor for the Metatrader 4 platform will open hedging trades automatically when you are showing a loss in a current trade. Hedging in the Forex market is fast becoming a popular method of trading for long term success. This EA can be set to open a hedging trade once your current trade reaches a certain amount of loss. Once the trade starts back on it original trend the hedging trade will simply close again, limiting your losses substantially and maximizing your profits.
Please note that Hedge EA is a trading tool and it does not open trades without human intervention. You need to open initial trades manually or by a 3rd party trading tool/EA.
Learn more about the Hedge EA Advanced