Forex Robots

Euro Hedge Review: A Multi-Strategy System With High Profit Potential

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Euro Hedge

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

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

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

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.

Euro Hedge

5

Euro Hedge claims to use multiple approaches to ensure low risk and high profits. Our assessment of the various aspects of the software reveals advantages and disadvantages. On the plus side, the EA has live trading results that show a low drawdown. But the profits are not very high and the sample size is also small so it is difficult to assess the reliability of the system. Other disadvantages we found in the FX robot include the lack of a refund offer, the expensive pricing, and the absence of user support.

  • It is a fully automated expert advisor
  • Multiple strategies are used
  • The strategy explanation is not present
  • Live results show high trading frequency and low profitability
  • No refund policy
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