
Type
EA
Platform
MT4
Version
2.0
Category
Expert Advisor type
Date
4/15/2026
Pricing
Free
Description
Introduction
HedgedMomentumELITE EA V2.0 MT4 is an automated trading system for MetaTrader 4 that combines momentum-based trading with a hedging mechanism. It is designed to capture strong market movements while managing risk by opening opposite positions when the market moves against the initial trade.
Key Features
- Momentum-based trade entries
- Integrated hedging strategy for risk control
- Fully automated MT4 trading system
- Multi-pair trading capability
- Built-in stop loss and take profit
- Dynamic trade and position management
- Customizable lot size and risk settings
- Continuous market monitoring
Recommended Settings
- Timeframe: M15 or H1
- Pairs: Major forex pairs (EURUSD, GBPUSD, USDJPY)
- Lot Size: 0.01 per $1000 balance (adjustable)
- Risk Level: 1%–3% per cycle
- Broker Type: ECN or low-spread account
- VPS: Recommended
- Leverage: Medium to high (for hedging support)
- Trading Sessions: All sessions (24/5 operation)
Backtest Result
- Shows stable performance with controlled drawdowns under optimized settings
- Performs well in both trending and ranging markets
- Hedging reduces sharp equity drops
- May experience longer trade cycles due to hedge recovery
- Results depend on broker conditions and spread
- Forward testing recommended before live use
Advantages
- Combines momentum trading with hedging
- Reduces drawdown impact through hedge positions
- Fully automated and emotion-free execution
- Adapts to different market conditions
- Supports multi-pair diversification
- Customizable risk management
- Continuous 24/7 trading operation
Disadvantages
- Complex strategy requiring understanding of hedging
- Higher margin usage due to multiple positions
- Not suitable for low-balance accounts
- Broker must support hedging
- Trades may remain open for longer periods
- No guaranteed profits; risk still present
Installation & Setup Guide
- Download EA file (.ex4)
- Open MT4 → File → Open Data Folder
- Paste file into MQL4 → Experts folder
- Restart MT4 platform
- Attach EA to chart (major pairs recommended)
- Enable AutoTrading
- Set lot size, risk, hedge parameters
- Allow DLL imports if required
- Use VPS for stable performance
- Test on demo account before live trading.
Support & Disclaimer
Support
If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:
WhatsApp: Click here
Telegram Group: Join our community
Disclaimer:
Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.
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