Prop Agency Hedge — Full Set up Information
An in depth, step-by-step information for organising the Hedge Grasp and Hedge Stay EAs after buying them from MQL5.
Desk of Contents
- How the System Works
- Necessities
- Obtain Your EAs from MQL5
- Set up Hedge Grasp on Your Problem Account
- Configure Hedge Grasp Settings
- Set up Hedge Stay on Your Stay Account
- Configure Hedge Stay Settings
- Confirm the Connection
- Understanding the Dashboards
- How A lot Steadiness Do I Want on My Stay Account?
- Working the System — Private Pc vs. VPS
- Troubleshooting
How the System Works
The Prop Agency Hedge system makes use of two EAs working collectively:
- Hedge Grasp runs in your prop agency problem account. It trades utilizing built-in methods to generate exercise on the problem.
- Hedge Stay runs in your private dwell dealer account. It robotically mirrors each Grasp commerce within the other way with a calculated lot dimension.
Why reverse? As a result of it creates a hedge:
- If the problem fails (hits max drawdown) → Your dwell account income by at the very least the problem price, recovering your value.
- If the problem passes → You get a funded account value way over the small hedge loss in your dwell account.
Each EAs talk by sign information saved in a shared folder on the identical pc. This implies each MT5 terminals should run on the identical machine (your PC or a VPS).
Necessities
Earlier than you start, ensure you have:
- Two MT5 terminals put in — You want two separate MT5 installations, or one MT5 with the power to modify accounts (although operating two concurrently is less complicated).
- A prop agency problem account — Any prop agency that makes use of MT5. Log in credentials out of your prop agency.
- A private dwell dealer account — An actual-money account with any MT5 dealer. That is the place the hedge trades occur. Should have adequate steadiness (see Stay Account Steadiness part beneath).
- Each EAs bought on MQL5 — Hedge Grasp and Hedge Stay, activated below your MQL5 account.
- A Home windows PC or VPS — Each terminals have to run on the identical time, ideally 24/5 (throughout market hours).
Obtain Your EAs from MQL5
After buying each EAs from the MQL5 Market:
- Open MT5
- Go to Instruments → Choices → Neighborhood tab
- Log in together with your MQL5 account (the one you used to buy)
- Go to Navigator panel (Ctrl+N if not seen)
- Develop Skilled Advisors → Market
- Your bought EAs will seem right here. Proper-click → Set up if wanted
Do that on each MT5 terminals — the problem one and the dwell one. MQL5 permits activation on a number of terminals below the identical account.
Set up Hedge Grasp
Hedge Grasp goes in your prop agency problem account.
- Open the MT5 terminal that’s logged into your problem account
- Open any chart — the image would not matter a lot, however a serious pair like EURUSD on H1 is an efficient default. The EA auto-detects the chart image.
- Within the Navigator panel, discover Prop Agency Hedge Grasp below Skilled Advisors
- Drag and drop the EA onto the chart
- A settings dialog will seem — see the following part for configuration
- After configuring, click on OK
- Allow AutoTrading — Click on the AutoTrading button within the toolbar. It ought to flip inexperienced. If it is pink, the EA can’t commerce.
It’s best to see the Hedge Grasp dashboard seem in your chart, confirming the EA is energetic.
Configure Hedge Grasp
When the settings dialog opens, you may see a number of enter teams. Here is what every one means and tips on how to set it:
Technique Layers
| Setting | Default | Rationalization |
|---|---|---|
| Layer A (Entry) | A-Random | The entry set off technique. “Random” means the EA randomly picks one from 10 methods every time. This creates various, natural-looking commerce patterns. |
| Layer B (Construction) | B-Random | The market construction filter. Similar thought — randomized for selection. |
| Layer C (Affirmation) | C-Random | The sample affirmation layer. Once more, randomized. |
Suggestion: Go away all three on Random. This provides you 1,000 attainable technique mixtures, making your buying and selling sample distinctive and undetectable. Solely change these if you wish to lock a selected technique.
Danger Administration
| Setting | Default | What to enter |
|---|---|---|
| Danger Per Commerce ($) | $150 | The greenback quantity risked per commerce. For a $10K problem with 5% Day by day DD ($500), maintain this modest. $200–$350 is typical. |
| Cease Loss (pips) | 20 | Distance of the cease loss in pips. 15–30 is regular for foreign exchange. |
| Danger:Reward Ratio | Random | The R:R for every commerce. Random picks between 1:2 and 1:5 every commerce. |
Suggestion: Begin with the defaults. The EA calculates lot sizes robotically based mostly in your danger quantity and cease loss.
Buying and selling Settings
| Setting | Default | What to enter |
|---|---|---|
| Max Lot Dimension | 10.0 | Security cap. The EA will not open heaps bigger than this. |
| Min Lot Dimension | 0.01 | Minimal lot dimension. Normally 0.01. |
| Magic Quantity | 999888 | Distinctive identifier for the EA’s trades. Go away default except operating a number of EAs. |
| Commerce Remark | (clean) | Non-compulsory remark hooked up to every commerce. Go away clean in case your prop agency flags feedback. |
| Grasp ID | 1 | Essential if operating a number of challenges. Every Grasp EA wants a novel ID (1–9). When you’re operating one problem, go away it at 1. |
Revenue Goal
| Setting | Default | What to enter |
|---|---|---|
| Goal Fairness ($) | $11,000 | When your account fairness reaches this quantity, the EA closes all trades and stops. Set this to your problem’s revenue goal. For a $10,000 account with 10% goal, set $11,000. Set to 0 to disable. |
Drawdown Safety
| Setting | Default | What to enter |
|---|---|---|
| Day by day Max Loss ($) | $450 | The EA stops buying and selling for the day if each day losses attain this quantity. Set this just under your problem’s each day loss restrict. |
| Max DD Fairness Restrict ($) | $9,100 | Absolutely the fairness ground. If fairness drops to this, the EA closes all the things and stops completely. Set this simply above your problem’s max DD violation degree to guard you. |
Instance for a $10,000 problem (5% each day / 10% max DD):
- Day by day Max Loss: $450 (stays below the $500 each day restrict)
- Max DD Fairness Restrict: $9,100 (stays above the $9,000 violation degree)
Information Filter
| Setting | Default | What to enter |
|---|---|---|
| Allow Information Filter | Sure | Avoids buying and selling round main financial occasions. Strongly really helpful. |
| Keep away from Excessive Influence | Sure | Skip buying and selling round high-impact information (NFP, CPI, FOMC, and so forth.) |
| Keep away from Medium Influence | Sure | Skip medium-impact information |
| Minutes Earlier than Information | 30 | No new trades X minutes earlier than a information occasion |
| Minutes After Information | 30 | No new trades X minutes after a information occasion |
| Shut Earlier than Excessive Influence | Sure | Closes open positions earlier than high-impact information to keep away from spikes |
Suggestion: Go away the information filter ON with defaults. This protects your problem from unstable information strikes.
Set up Hedge Stay
Hedge Stay goes in your private dwell dealer account.
- Open the MT5 terminal logged into your dwell dealer account
- Open any chart — the image on the chart would not matter. The EA robotically trades no matter image the Grasp trades.
- Within the Navigator panel, discover Prop Agency Hedge Stay below Skilled Advisors
- Drag and drop it onto the chart
- Configure the settings (subsequent part)
- Click on OK
- Allow AutoTrading — Make sure that the AutoTrading button is inexperienced
Configure Hedge Stay
Problem Particulars
| Setting | Default | What to enter |
|---|---|---|
| Problem Account Dimension ($) | $10,000 | The scale of the problem account the Grasp EA is operating on. |
| Max Drawdown (%) | 6.0 | The utmost drawdown share of your problem. Test your prop agency’s guidelines (widespread values: 6%, 8%, 10%). |
| Problem Price ($) | $100 | What you paid for the problem. That is the quantity the hedge must get well should you fail. |
These three values decide the hedge multiplier. The EA calculates how a lot to commerce in your dwell account in order that if the problem fails, your dwell income cowl the price.
Restoration Settings
| Setting | Default | What to enter |
|---|---|---|
| Restoration Mode | Break Even | How a lot you wish to get well if the problem fails. |
| Fee Per Lot ($) | $7.0 | Your dwell dealer’s fee per customary lot (spherical journey). Test your dealer. |
| Estimated Trades | 15 | Tough estimate of what number of trades the Grasp will take through the problem. Used to think about fee prices. |
| Customized Multiplier | 0.20 | Solely used if Restoration Mode is about to “Customized”. |
Restoration Mode choices:
- Break Even — Recovers precisely the problem price. Lowest danger, smallest lot sizes.
- Recoup + 25% Revenue — Recovers price plus 25% further.
- Recoup + 50% Revenue — Recovers price plus 50% further.
- Recoup + 100% Revenue — Recovers double the price. Larger lot sizes wanted.
- Customized Multiplier — You set the precise lot multiplier manually.
Suggestion: Begin with Break Even in your first problem. You possibly can improve the restoration mode when you’re comfy with the system.
Lot Dimension Limits
| Setting | Default | What to enter |
|---|---|---|
| Max Lot Dimension | 100.0 | Security cap for the hedge lot dimension. |
| Min Lot Dimension | 0.01 | Minimal lot. Normally 0.01. |
Execution Settings
| Setting | Default | What to enter |
|---|---|---|
| Max Retries | 3 | What number of instances the EA retries if an order fails. Go away default. |
| Retry Delay (ms) | 100 | Delay between retries. Go away default. |
Common Settings
| Setting | Default | What to enter |
|---|---|---|
| Magic Quantity | 123456 | Distinctive identifier for hedge trades. Go away default except you could have different EAs on this account. |
| Commerce Remark | (clean) | Non-compulsory commerce remark. Can go away clean. |
Confirm the Connection
As soon as each EAs are operating:
- Test Hedge Grasp’s dashboard — It ought to present “ACTIVE” standing and show your problem settings.
- Test Hedge Stay’s dashboard — It ought to detect the Grasp EA. Search for “MASTER ACTIVE” or comparable standing.
- Anticipate a commerce — When Hedge Grasp opens a commerce on the problem account (e.g. BUY EURUSD 0.15), Hedge Stay ought to robotically open the reverse commerce in your dwell account (e.g. SELL EURUSD on the calculated hedge lot dimension).
- Test the Specialists tab — In each MT5 terminals, go to the Specialists tab on the backside. You will see log messages from every EA confirming alerts despatched and obtained.
If Stay would not detect Grasp inside a couple of minutes, see the Troubleshooting part beneath.
Understanding the Dashboards
Hedge Grasp Dashboard
- Standing: Exhibits if the EA is energetic and buying and selling
- Technique: Which technique mixture is energetic (e.g. A3-B7-C2)
- Trades immediately: Variety of trades opened immediately
- P&L: Present revenue/loss on open and closed trades
- DD Safety: Exhibits your each day loss and max DD limits, and the way shut you might be
Hedge Stay Dashboard
- Grasp Standing: Exhibits what number of Grasp EAs are linked
- Hedge Standing: Confirms the Stay EA is energetic
- Funds Wanted: Estimated steadiness required for hedging
- Your Steadiness: Present dwell account steadiness (inexperienced = adequate, orange = low)
- Restoration information: Exhibits what you get well if the problem fails vs. value if it passes
- Lot Multiplier: The calculated multiplier utilized to every hedge commerce
- Final Sign: The latest sign obtained from Grasp
Stay Account Steadiness
How a lot cash do you want in your dwell dealer account?
This depends upon your problem dimension, max DD share, and restoration mode. The Hedge Stay dashboard reveals a “Funds Wanted” estimate, however here is a tough information:
| Problem Dimension | Max DD | Restoration Mode | Approx. Stay Steadiness Wanted |
|---|---|---|---|
| $10,000 | 6% | Break Even | $200–$400 |
| $10,000 | 10% | Break Even | $150–$300 |
| $25,000 | 6% | Break Even | $400–$700 |
| $50,000 | 8% | Break Even | $500–$1,000 |
| $100,000 | 10% | Break Even | $600–$1,200 |
These are estimates. The precise quantity depends upon your dealer’s leverage, the devices traded, and the multiplier. At all times have greater than the minimal to deal with margin fluctuations.
Tip: After set up, examine the “Funds Wanted” worth on the Hedge Stay dashboard. Make sure that your dwell steadiness is at the very least that quantity.
Working the System — Private Pc vs. VPS
We advocate operating each EAs in your private pc, not a VPS.
Why private pc is healthier:
- Some prop companies flag VPS utilization. In case your problem account is operating from a identified information middle IP, the prop agency might query it or flag your account for overview. Working from a residential IP (your house web) seems to be like a standard retail dealer.
- You keep in management. You possibly can see each MT5 terminals, monitor the dashboards, and intervene if wanted.
- No further value. No month-to-month VPS charges.
Ideas for operating in your private pc:
- Maintain your pc on and linked to the web throughout market hours (Sunday night to Friday night, your native time)
- Disable sleep/hibernate in your energy settings so your PC would not shut down the terminals
- Use a secure web connection — wired ethernet is healthier than Wi-Fi
- If it is advisable to go away for just a few hours, that is advantageous — the EAs will catch up when your PC is again on-line, although you might miss some trades throughout downtime
When a VPS is sensible:
If you cannot maintain your pc operating throughout market hours (e.g. frequent journey, unreliable energy/web), a VPS is an choice. However remember:
- Use a residential VPS or proxy if attainable to keep away from information middle IP flags
- Some prop companies explicitly permit VPS utilization — examine your agency’s guidelines first
- Each MT5 terminals should be on the identical VPS as a result of they convey by shared information on the native machine
Essential: Each MT5 terminals should at all times run on the identical pc (whether or not that is your PC or a VPS) — they convey by shared information domestically.
Troubleshooting
Hedge Stay says “Grasp Not Detected”
- Make sure that each MT5 terminals are on the identical pc/VPS
- Test that Hedge Grasp is operating (dashboard seen, AutoTrading inexperienced)
- Wait as much as 30 seconds — the Stay EA scans for sign information each 5 seconds
- Test the Specialists tab for any error messages
Hedge Stay would not open trades when Grasp does
- Affirm AutoTrading is ON (inexperienced) on the dwell terminal
- Test in case your dwell account has sufficient free margin
- Test the Specialists tab for “Inadequate margin” errors
- Make sure that the image is accessible in your dwell dealer (e.g. some brokers use “EURUSD.professional” as an alternative of “EURUSD” — the EA handles this robotically, however unique symbols may not map)
EA reveals “INIT_FAILED”
- Your MQL5 license will not be activated. Go to Instruments → Choices → Neighborhood and confirm you are logged in
- Be sure to bought the EA and it is activated for this terminal
Trades are too small / too giant
- Alter the Restoration Mode on Hedge Stay for bigger/smaller hedge heaps
- Test Max Lot Dimension and Min Lot Dimension settings on each EAs
- Evaluation the Danger Per Commerce setting on Hedge Grasp
Problem hit max DD too rapidly
- Cut back Danger Per Commerce on the Grasp EA
- The hedge nonetheless protects you — examine your dwell account, it ought to have profited
- For the following problem, contemplate decreasing danger or utilizing a wider cease loss
Each accounts are dropping
- This could not occur in regular circumstances. If the problem loses cash, the dwell account ought to achieve (and vice versa)
- Test that Hedge Stay is opening trades within the other way to the Grasp
- Confirm the connection — if Stay wasn’t operating when Grasp opened trades, the hedge wasn’t energetic
Need assistance? Contact me at Telegram @RalphJordanEA
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