Elise Hedge EA MT4 v1.5 with SeFiles

Description

The Elise Hedge EA v1.5 is an Expert Advisor (EA) for MetaTrader 4 (MT4) designed to implement a hedging strategy for automated trading. The hedging strategy typically involves opening multiple positions in opposite directions to manage risk, with the goal of mitigating losses in volatile market conditions. This EA is particularly popular among traders who want to reduce the overall risk while maintaining the potential for profit through market fluctuations.

Key Features of Elise Hedge EA v1.5:

1. Hedging Strategy:
   • The Elise Hedge EA v1.5 employs a hedging approach by opening buy and sell positions on the same currency pair at the same time or in succession. This helps manage risk by allowing one position to potentially cover the losses of the other.
   • The EA may automatically close the hedge positions when market conditions become favorable or when a predefined profit or loss target is reached.
2. Risk Management:
   • The EA includes several built-in risk management tools to ensure that trades are executed with proper safety measures. These may include:
     • Stop Loss (SL) and Take Profit (TP): Set to limit the risk per trade and lock in profits when a target is hit.
     • Trailing Stop: Protects profits by adjusting the stop loss as the market moves in favor of the trade.
     • Hedge Logic: The EA intelligently manages hedging positions by opening new trades or adjusting existing ones to ensure the best possible risk-to-reward ratio.
   • Lot Size Control: The EA can adjust the position size according to the trader’s balance, and it may have options for dynamic lot sizing to scale positions based on account equity.
3. Multiple Hedging Types:
   • The Elise Hedge EA v1.5 allows for different types of hedging strategies, including:
     • Grid Hedging: Opens multiple positions at regular intervals in opposite directions, attempting to profit from price oscillations.
     • Partial Close Hedging: Allows partial closing of positions, letting traders secure profits or manage risks more effectively.
4. News Filter:
   • Some versions of the Elise Hedge EA come with a news filter to avoid trading during periods of high-impact news releases that could result in increased volatility. This helps the EA avoid making trades that could lead to substantial losses during market-moving events.
5. Customizable Settings:
   • The EA offers a wide range of customizable settings, allowing traders to adjust various parameters based on their risk appetite, trading style, and market conditions. These settings might include:
     • Hedge distance: The gap in price between the hedge positions.
     • Max Drawdown: To control how much the account can lose before the EA stops trading.
     • Trading Hours: Control the times when the EA is allowed to trade, avoiding hours of low liquidity or high volatility.
     • Lot Size: Customize the lot size based on your account balance or set a fixed amount.
     • Stop Loss/Take Profit: Define the risk-to-reward ratio for each position or hedge setup.
6. Support for Multiple Pairs:
   • Although primarily designed for one or more currency pairs, the Elise Hedge EA can be used on multiple pairs simultaneously, allowing for diversification in a trading strategy.
7. Automatic Trading:
   • Once configured and applied to a chart, the Elise Hedge EA v1.5 will handle all trade executions automatically based on the defined strategy, entry, and exit conditions. There is no need for manual intervention once it’s set up correctly.

---

SetFiles for Elise Hedge EA (Prop Firms):

SetFiles are pre-configured settings that are designed to optimize the Elise Hedge EA v1.5 for use with prop firm accounts. Prop firms often have strict guidelines regarding risk management, drawdown limits, and trading behavior, and SetFiles ensure that the EA follows these rules and helps traders meet the prop firm’s requirements.

Key Features of SetFiles for Prop Firms:

1. Compliance with Prop Firm Rules:
   • The SetFiles are specifically designed to ensure the EA adheres to the risk management and drawdown limits imposed by prop firms.
     • For instance, the Max Drawdown setting will be adjusted to comply with the firm’s maximum allowable drawdown.
     • Lot size settings are adjusted to avoid exceeding the risk levels stipulated by the prop firm.
2. Optimized for Different Account Sizes:
   • SetFiles take into account different account balances, adjusting the position sizes and lot sizes to fit within the prop firm’s risk parameters, ensuring proper capital allocation and safe trading.
3. Reduced Risk Exposure:
   • The SetFiles are often more conservative than the default settings, which helps protect the trader from large losses during periods of market volatility, which is critical for prop firm trading accounts that require risk management.
4. Time Filters and Session Settings:
   • The SetFiles might also include time filters to ensure the EA only trades during optimal times of day when liquidity is high and market conditions are favorable for hedging strategies. For example, the EA may be set to only trade during the London-New York overlap.
5. Drawdown Control:
   • Prop firm SetFiles often have specific drawdown controls to make sure that if the account goes into a losing streak, the EA will stop trading or reduce risk to avoid breaching the firm’s maximum allowed drawdown.

---

Installation & Setup of Elise Hedge EA v1.5 with SetFiles:

1. Download the EA and SetFiles:
   • Obtain the Elise Hedge EA v1.5 .ex4 file and the associated SetFiles for your prop firm. The SetFiles will typically come in .set format and can be loaded directly into MT4.
2. Install the EA:
   • Open MT4 and go to File > Open Data Folder > MQL4 > Experts.
   • Copy the Elise Hedge EA v1.5 .ex4 file into this folder.
   • Restart MT4 to load the new EA.
3. Install the SetFiles:
   • Place the SetFiles (in .set format) in the MQL4/Presets folder within the MT4 data directory.
4. Load the EA onto a Chart:
   • Open a chart for the currency pair you wish to trade with the Elise Hedge EA v1.5.
   • In the Navigator window, find the Elise Hedge EA v1.5 under Expert Advisors and drag it onto the chart.
   • Alternatively, right-click on the chart, go to Expert Advisors, and select the Elise Hedge EA v1.5.
5. Load the SetFile:
   • In the EA settings window that appears, click on Load and select the appropriate SetFile for your prop firm’s trading conditions.
   • Ensure that the SetFile corresponds to your account size and the risk parameters of your prop firm.
6. Configure Additional Settings:
   • You can further adjust settings for Lot Size, Risk Management, Stop Loss/Take Profit, and Hedging Distance based on your preferences or the prop firm’s guidelines.
7. Enable AutoTrading:
   • Make sure the AutoTrading button on the MT4 platform is enabled (green). This will allow the EA to begin executing trades automatically once the settings are in place.
8. Monitor the EA:
   • It’s essential to monitor the performance of the EA on a demo account initially to ensure it’s performing as expected, especially when trading with prop firm SetFiles.

---

Tips for Using Elise Hedge EA v1.5 with PropFirm SetFiles:

• Test on a Demo Account First: Before deploying the EA on a live account, test it on a demo account to familiarize yourself with how it behaves and to fine-tune settings for optimal performance.
• Ensure Compliance: Double-check that the SetFiles match the prop firm’s rules, especially concerning drawdown limits, risk per trade, and maximum open positions.
• Optimize Settings for Market Conditions: If market conditions change, such as during major news releases, the EA might need to be optimized for better performance. Setfiles may not cover every scenario, so it’s essential to adapt when necessary.
• Monitor Regularly: While the EA operates automatically, it’s always a good idea to check in and ensure everything is functioning correctly.

---

Conclusion:

The Elise Hedge EA v1.5 is a sophisticated tool designed for hedging strategies in automated trading. With its risk management features and the ability to use SetFiles tailored for prop firm trading, it can help traders minimize risk while capturing profits in volatile market conditions. If you’re trading with a prop firm, using the right SetFile will ensure compliance with the firm’s rules and increase the likelihood of success.

Let me know if you’d like further details on any of the settings or need assistance with configuration!

===========================================================

MORE ROBOTS and MANUAL TRADING SYSTEM UNLIMITED VERSION

Telegram Channel :https://t.me/AtomFXStores

Telegram Contact :  https://t.me/AtomFXStore

Email : atomfxstore@gmail.com

Instant Download

Your files will be available to download once payment is confirmed.

Instant download items don’t accept returns, exchanges or cancellations. Please contact the seller about any problems with your order.

You can pay with also Indian Payment Methods Like BHIM, Paytm, Google Pay, PhonePe or any Banking UPI app On Buyer Request.

Send payment screenshot to: 👇🏿

Telegram: https://t.me/AtomFXStore

Mail Us: atomfxstore@gmail.com

Payment After we will provide product within 90 minutes.

If you want any proofs of Indicator or have any questions then feel free to message

Thank You ❤️

Disclaimer:

The EAs sold on our channel are not created by us.

We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.

Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.

All future updates will be on a best effort basis and could involve further fees to be paid owing to acquisition and unlocking costs.

EA updates are thus not automatic and not guaranteed.

 

No Refund

Instant download items don’t accept returns, exchanges or cancellations. Please read Refund Policy carefully or contact the seller about any problems with your order.