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Euro Hedge uses multiple approaches for ensuring high profits. It is designed to close the losing positions and make quick entries and exits, without being affected by the unexpected changes in the market. This FX robot works on the EURUSD, XAUUSD, and GBPUSD pairs.Sugianto is the author of this ATS. He is based in Indonesia and has more than 6 years of experience in developing Forex products. He has created 36 products and 18 signals. Hilo One Candle, Dunia Maya, South East EA, and Gold Pyramid are some of the other products of the company.
Euro Hedge strategies and tests
As per the developer, the FX EA uses multiple strategies including pyramiding, averaging, hedging, anti-Martingale, and lot Martingale methods. In addition to the multiple methods, it is equipped to close the losing positions quickly to limit the losses without being caught in unexpected market changes.
Backtesting result of Euro Hedge on the MQL5 site
Besides the mention of the currency pairs the ATS works on, the author does not divulge much info on the features and functionality. He mentions that the EA works best on the GBPUSD and the XAUUSD pairs. A list of expert parameters is present including management of open positions, zig zag wave, pending orders, lot, money, grid, lock, and more. A backtesting image is present on the MQL5 site but there is no detailed strategy tester report for the backtest. The lack of details makes it difficult to analyze the result.
Euro Hedge live trading account review
A live trading result for the FX robot is shown on the MQL5 site. Here is a screenshot of the trading stats.
Live trading stats of Euro Hedge on the MQL5 site
From the above info, we can see that the account was started in November 2021 using the MetaQuotes broker and the leverage of 1:100. For a deposit of $10000, the account shows 56% growth and a profit of $5629.54. A drawdown of 13% is present for the account.
For a total of 15072 trades, the profitability is 63.59 and the profit factor is 1.33. From the results, we can see the drawdown is very low indicating the strategy used is not of the high-risk category. However, the trading frequency is very high for such a short span which can impact the performance.
Pricing
Pricing packages of Euro Hedge on the MQL5 site
You can purchase this FX robot for $250. A rental package costing $50 is also present besides a free demo account. When compared to the market average, we find the price is a bit expensive. Further, the developer does not provide info on the features included in the package. There is no refund offered for the package, which raises doubts about the reliability of the EA.
Is Euro Hedge a good system to rely on?
From our evaluation of this MT5 tool, we can see that there are certain key factors that you need to consider in this system before you decide on using it:
- Multiple strategies are used by the FX EA. But the developer fails to provide a proper explanation of how they work together to provide high returns.
- The live trading results show a very high trading frequency for a small sample size. Further, the profitability is low.
- There is no money-back guarantee present for the product. The author does not provide info on the features you get with the purchase of the EA.
Unfortunately, we could not find user reviews for this FX robot on trusted third-party sites like Forexpeacearmy, Trustpilot, etc. While there are a couple of user reviews on the MQL5 site, we do not consider them. The reason is that the site promotes the product and hence the chances of manipulation of the reviews are high.
Customer support
For support, you can contact the developer using the messaging option present on the MQL5 site. There are no other methods available for contacting the author.
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