Hedge Scalper EA — Multi-Pair Hedging Scalper with Group TP/SL Control

Hedge Scalper EA is a multi-pair automated scalper for MT4 that opens layered buy and sell positions across currency pairs, closing groups at a combined 300-pip take profit target.

A live real-money account on FBS grew from $1,000 to over $11,700 with $2,000 withdrawn; a separate demo account tracked 49.91% gain over 11 months on $1,000 starting capital.

EA developed by EATrades.com.

Key Benefits

• ✅ Group Exit Architecture: Positions close as a basket at 300-pip combined TP — individual losers are carried until the group recovers, which requires patience during drawdown periods.
• ✅ Hedging Mechanism: The EA opens opposing buy/sell positions when divergence exceeds 10 pips, neutralizing directional exposure — effectiveness depends on spread staying under the 5-pip maximum.
• ✅ Hard Exposure Cap: One-sided orders capped at 6 per direction per pair; when hit, the EA waits then closes losing orders — prevents unlimited grid expansion at the cost of realized losses on forced closes.
• ✅ News Avoidance Filter: High-impact news events are skipped automatically, reducing the spike-triggered basket accumulation that causes the deepest drawdowns in grid-style systems.

Compare more MT4 grid and scalper EAs

Hedge Scalper EA Performance

Two Myfxbook signals are available for this EA — a demo account tracking Dec 2023–Nov 2024, and a real-money account last updated July 2019.

The demo account on RoboForex ran from December 10, 2023 to November 21, 2024 on $1,000 starting capital, recording 49.91% overall gain, 3.47% average monthly return, and 38.09% peak drawdown.

The real-money account on FBS opened with $1,000, grew to a peak balance of $11,701.93 (with $2,000 withdrawn), showing 4,845.67% total gain — tracked over a 20-day window in July 2019 at 1:1000 leverage.

Performance Snapshot

The 38.09% peak drawdown on the demo account is the central risk figure here. It is triggered when multiple pairs trend simultaneously in the same direction — the EA’s layered buy entries on AUDUSD accumulated six positions during the June 2023 USD-strength period visible in the trade log, producing correlated open losses across the basket before the group TP was reached. This is a structural characteristic of grid-based systems: the mechanism that generates recovery also amplifies drawdown in sustained directional moves.

The one-sided order cap of 6 is the primary structural control. At default settings (0.01 starting lots, 20-pip step), a six-position basket on a $1,000 account represents meaningful equity exposure before the forced-close action triggers. Reducing MaxBasketSize or increasing starting capital proportionally lowers the equity-at-risk per basket — the demo data does not document a tested reduced-size outcome, so treat mitigation sizing as requiring your own demo validation.

The 600-pip group stop loss is a hard floor, but at default lot scaling it represents a significant realized loss event if triggered. The “Dead Stop System: Do Nothing” setting means no equity-level circuit breaker is active by default — this should be reviewed before live deployment.

Demo account data confirms 11-month behavior on a single broker — live spreads, execution speed, and your broker’s swap structure will shift these figures.

How Hedge Scalper EA Works

Mechanism: The EA trades multiple forex pairs on the H1 timeframe using a grid-and-hedge approach — it enters in the direction of momentum, adds positions every 20 pips against the move, and simultaneously opens opposing hedges when buy/sell divergence exceeds 10 pips. Positions are not managed individually; the entire basket closes once combined floating profit reaches 300 pips. This structure recovers from individual losing trades through group profit accumulation, and performs best during ranging or mean-reverting conditions where price oscillates within a recoverable range.

Signal Trigger: New positions open every 20 pips of adverse price movement (Pip Step: 20). The trend filter is set to “Quickly Adopt to New Trend” — the EA adjusts direction bias rapidly rather than holding a fixed directional view.

Position Close: The basket closes when combined group profit reaches 300 pips (Group TP). A hard group stop loss of 600 pips acts as the maximum loss floor per basket. No individual trade take profit is used (Short TP: false).

Exposure Limits: Maximum 6 orders per direction per pair. When this cap is reached, the EA waits, then closes losing orders rather than adding further exposure. Maximum lot size is capped at 0.1 regardless of scaling.

Hedging: When the difference between total buy and sell volume exceeds 10 pips, the EA can open a counter-position to neutralize directional exposure — hedging system is configurable and was set to false in the documented real-account run.

✅ Optimal conditions: Ranging markets with regular mean reversion on major USD pairs; low-spread ECN execution under 2 pips; stable sessions without sustained directional breakouts.

⚠️ Avoid when: Strong single-direction USD trends where multiple pairs move together — this stacks correlated grid positions simultaneously. Also avoid during spread-widening events; the 5-pip maximum spread filter should remain active.

This EA requires MT4. Need MT5 platform support? Browse MT5 EAs

Recommended Settings

Who Should Use Hedge Scalper EA

Purchase this EA if you:

• ✅ Have MT4 running on a VPS with uninterrupted connectivity — H1 grid positions require continuous monitoring to trigger basket closes correctly
• ✅ Can fund a $1,000+ account and hold through drawdowns up to 38% without panic-closing — the group exit model means unrealized losses accumulate before recovery
• ✅ Trade with an ECN/STP broker offering spreads under 3 pips on USDCAD, AUDUSD, and EURUSD — the EA’s 5-pip hard limit will halt trading above this threshold
• ✅ Understand that the 600-pip group stop loss is a real event, not a theoretical ceiling — size your account so a full group SL hit does not exceed your personal risk tolerance

Performance verified with: Demo account on RoboForex MT4, $1,000 starting capital, default settings. Real-money account on FBS MT4 at 1:1000 leverage, July 2019.

Product Download Package Includes

• ✅ Expert Advisor:
  • Hedge Scalper EA MT4.ex4
• ✅ Setfiles:
  • Hedge scalper ea all pair H1.set

The download link will be sent to your email immediately after purchase, along with a video tutorial on how to install it.

Frequently Asked Questions