Description
<h3>Introduction</h3>
<p>Ultra Hedge Scalper EA V1.6b MT4 is an automated scalping-style Expert Advisor built for MetaTrader 4, designed to capture small, frequent market moves using fast entries and tight trade management. As the name suggests, it typically relies on hedge-style position handling (opening/maintaining opposing exposure under certain conditions) to manage short-term volatility and trade recovery.</p>
<h3>Key Features</h3>
<ul>
<li><strong>Scalping execution logic</strong> focused on quick in-and-out trades</li>
<li><strong>Hedge-based trade management</strong> to reduce directional risk during volatile swings</li>
<li><strong>Spread + slippage control</strong> filters to avoid bad entries in unstable pricing</li>
<li><strong>Session/time filter</strong> (commonly used in scalpers) to trade during high-liquidity hours</li>
<li><strong>Risk-based lot sizing</strong> (fixed lot or balance-based) depending on settings</li>
<li><strong>Equity protection / drawdown control</strong> (often included in hedge scalpers)</li>
<li><strong>News/volatility filter</strong> (if available in the EA inputs) to prevent spike losses</li>
</ul>
<h3>Recommended Settings (Safe Baseline)</h3>
<p><em>(General safe setup if no official set-file is provided)</em></p>
<ul>
<li><strong>Timeframe:</strong> M5 or M15 (scalpers usually perform best here)</li>
<li><strong>Pairs:</strong> Major low-spread pairs (EURUSD / GBPUSD)</li>
<li><strong>Broker:</strong> Low spread + fast execution (ECN-style), stable liquidity</li>
<li><strong>Lot size:</strong> Start very small (e.g., <strong>0.01 per $100–$300</strong>)</li>
<li><strong>Max spread:</strong> Keep strict (example: <strong>15–25 points on 5-digit broker</strong>)</li>
<li><strong>Trading hours:</strong> Prefer London → early NY overlap</li>
<li><strong>Risk mode:</strong> Use <strong>fixed lot</strong> first, then shift to auto-lot after live stability</li>
<li><strong>Protection:</strong> Enable equity/drawdown limit if the EA provides it</li>
</ul>
<h3>Backtest Result</h3>
<ul>
<li><strong>Win rate:</strong> Often appears high in backtests due to recovery/hedge logic</li>
<li><strong>Profit curve:</strong> Can look smooth in calm markets, but risk increases in trends/spikes</li>
<li><strong>Drawdown:</strong> Can be <strong>moderate to high</strong>, especially during strong one-way moves</li>
<li><strong>Sensitivity:</strong> Results heavily depend on <strong>spread, slippage, commissions, and tick quality</strong></li>
</ul>
<h3>Advantages</h3>
<ul>
<li><strong>Good for short-term market movement</strong> with frequent opportunities</li>
<li><strong>Hedge logic can reduce immediate directional pressure</strong> during volatility</li>
<li><strong>Can show high hit-rate</strong> in ranging conditions</li>
<li><strong>Hands-free automation</strong> with consistent execution rules</li>
</ul>
<h3>Disadvantages</h3>
<ul>
<li><strong>Hedge-style recovery can build floating drawdown</strong> if the market trends hard</li>
<li><strong>Highly broker-dependent</strong> (spread, slippage, execution speed matter a lot)</li>
<li><strong>Backtests can be misleading</strong> if done with poor tick data or unrealistic spreads</li>
<li><strong>Risk can escalate</strong> if lot multiplier/recovery settings are aggressive.</li>
</ul>
<h3>Installation Steps</h3>
<ol>
<li>
<p>Download the Ultra Hedge Scalper EA V1.6b file (.ex4 or .mq4).</p>
</li>
<li>
<p>Open MetaTrader 4.</p>
</li>
<li>
<p>Click <strong>File → Open Data Folder</strong>.</p>
</li>
<li>
<p>Open the <strong>MQL4</strong> folder.</p>
</li>
<li>
<p>Open the <strong>Experts</strong> folder.</p>
</li>
<li>
<p>Paste the EA file into the Experts folder.</p>
</li>
<li>
<p>Close the folder and <strong>restart MetaTrader 4</strong>.</p>
</li>
</ol>
<h3>Setup Steps</h3>
<ol>
<li>
<p>Enable <strong>AutoTrading</strong> from the MT4 toolbar.</p>
</li>
<li>
<p>Open the recommended currency pair chart(s).</p>
</li>
<li>
<p>Select the recommended timeframe (commonly M1, M5, or as specified).</p>
</li>
<li>
<p>Open the <strong>Navigator</strong> panel (Ctrl + N).</p>
</li>
<li>
<p>Drag <strong>Ultra Hedge Scalper EA V1.6b</strong> from Expert Advisors onto the chart.</p>
</li>
<li>
<p>In the <strong>Common</strong> tab, enable <strong>Allow Live Trading</strong>.</p>
</li>
<li>
<p>In the <strong>Inputs</strong> tab, configure:</p>
</li>
</ol>
<ul>
<li>
<p>Risk percentage (recommended 0.5%–2%)</p>
</li>
<li>
<p>Lot size (fixed or auto lot based on risk)</p>
</li>
<li>
<p>Maximum spread filter</p>
</li>
<li>
<p>Scalping thresholds and exit conditions (if available)</p>
</li>
<li>
<p>Hedge parameters (if available)</p>
</li>
</ul>
<ol>
<li>
<p>Click <strong>OK</strong> to activate the EA.</p>
</li>
</ol>
<h3><strong>Support & Disclaimer</strong></h3>
<h4><strong>Support</strong></h4>
<p>If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:</p>
<p><strong>WhatsApp: </strong><a href="https://wa.me/+443300272265" target="_new"><strong>Click here</strong></a><strong></strong></p>
<p><strong>Telegram Group: </strong><a href="https://t.me/yoforexrobot" target="_new"><strong>Join our community</strong></a><strong></strong></p>
<h4><strong>Disclaimer: </strong></h4>
<p>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.</p>
<p></p>
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