In this post I will review the Hedge Forex Robot fully automated forex robot that has been developed by the team over at Forex Robot Trader to trade in the MetaTrader 4 (mt4) trading platform. Mt4 is free to download from most forex brokers globally and you can start by using the Hedge Forex Robot on a demo account until you are accustomed with how it trades at which point you may then decide to trade with it on a real live account. I prefer to use an ECN forex broker for low spreads, low slippage and low commissions. These forex brokers tend to have the most liquidity providers (LP’s) which can help lower trading costs. The Hedge Forex Robot is suitable for both beginner and advanced forex traders as it is fully automated nature and can be setup in minutes using the easy to follow step by step instructions provided. You just need to set a suitable lot size depending on your account balance, leverage and risk preference whilst checking back regularly for the latest Hedge Forex Robot performance.
Hedge Forex Robot Trading Strategy
As the name suggests, the Hedge Forex Robot trades based on a hedging strategy (buying and selling at the same time) combined with trend analysis. It is fully automated and looks to make pips whatever direction the market moves in by hedging. Of course, use a sensible lot size as you always should do when using a hedging strategy as they can get mess quickly if not careful! Also, you would need to ensure that your broker allows hedging. The Hedge Forex Robot starts from the highest timeframe (monthly) and scans one lower timeframe at a time until it comes to the first counter trend. As soon as the Hedge Robot finds a counter trend as indicated by a red bar the robot then goes into “alert” status and waits for the first available opportunity to enter the market immediately after a blue bar is formed. It looks to get into the market before the market moves into the anticipated direction, thus aiming to buy low and sell high, not the other way round!
Hedge Forex Robot Back Testing
There are no back tests shared by the Forex Robot Traders team on the official Hedge Forex Robot website. I would use Bits Tick Data Suite (Birts TDS) to back test Hedge Forex Robot with 99% modelling quality using real tick data, real spreads, real commissions and real slippage. This would help decide the best currency pairs and time frames to run it on.
Hedge Forex Robot Live Results
Hedge Forex Robot Summary
Overall, the Hedge Forex Robot is performing well based on the results that are shared and frequently updated by the Forex Robot Traders developers on the official Hedge Forex Robot website although I would really like to see these results verified by myfxbook and FX Blue. Furthermore, hedging is not a trading strategy for everyone so make sure you are aware of the risks before using such a strategy. Some traders will say that hedging is just “hiding” a losing trade but that is not to say that hedging strategies cannot be profitable with smart entries. The Hedge Forex Robot comes with instructions, support, updates and a money back guarantee.