- August 15, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Multi Hedge Quantum EA Review
For decades, the world of Forex trading has been rapidly evolving, constantly presenting new challenges and opportunities for traders. Among the recent waves of innovation, the Multi Hedge Quantum EA stands out as a compelling development, offering a unique perspective on currency correlation trading.
Understanding Multi Hedge Quantum EA
Product Details:
Best Brokers List
Multi Hedge Quantum EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Working Principle
The Multi Hedge Quantum EA has an underlying principle that capitalizes on the interrelation of three major currency pairs: USDCAD, AUDUSD, and USDJPY. This EA automatically places trades on these three pairs in varied order combinations. The main goal is for the cumulative profit of these trades to achieve a predetermined value, ensuring the trades are closed out at a combined profit.
Core Features & Settings
- Lots: Set at 1, indicating the volume of trades.
- TargetPips: Set at 10, denoting the desired pip count for combined trades.
- Slippage: With a value of 3, this accounts for the change in price between when a trade is entered and when it's executed.
- Magic: A unique identifier number, set at 332255, to distinguish orders placed by this EA from others.
- CoolingTime: A 5-minute pause before re-engaging in trades to avoid over-exposure.
- Suffix: An additional string identifier.
- Currency Pair Settings:
- AUDUSD - Set to Sell
- USDCAD - Set to Buy
- USDJPY - Set to Buy
Performance Results
To ascertain the effectiveness of Multi Hedge Quantum EA, it was trialed on two separate accounts:
- C1 Account:
- Starting Date: 2023.08.01
- Initial Balance: USD 100
- Outcome: Impressive 43% net profit while maintaining a low drawdown, which means lesser risk to capital.
- C2 Account:
- Starting Date: 2023.08.01
- Initial Balance: USD 20
- Outcome: A staggering 212% net profit, though at a higher risk level.
Conclusion
Forex trading, while offering substantial profit potentials, is not without its risks. Strategies such as the one offered by Multi Hedge Quantum EA can optimize profits while aiming to manage risks. However, as with any tool or strategy, it is crucial for traders to understand its workings, potential, and pitfalls.
This EA has shown considerable promise in its initial tests. Yet, the market's ever-changing nature means no system is infallible. Collaborative efforts to study, optimize, and refine tools like Multi Hedge Quantum EA can only lead to more informed decisions in the world of Forex trading.
Download Multi Hedge Quantum EA
Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex tool works before using it on a live account.
Disclaimer: Forex trading carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. Always consult with a financial professional before making any trading decisions.