About the SebTRI Hedging Scalper Expert Advisor
The SebTRI Hedging Scalper EA for Metatrader 4 is an automated Forex trading robot that focuses on the EUR/USD, GBP/USD, and EUR/GBP currency pairs.
It uses a hedging method + RSI to take advantage of rapid price movements in the 3 aforementioned pairs.
This expert advisor works best on the 1-hour time frame and makes money when it trades all 3 pairs simultaneously.
This SebTRI expert advisor should work with any Forex broker of your preference.
As always, please use this EA on a demo account first until you fully understand how it works and how it performs over an extended period of time.
Free Download
Download the “SebTRI EA.ex4” expert advisor
Key Features
Correlation-Based Hedging
The EA utilizes a correlation-based hedging strategy, monitoring the price movements of EUR/USD, GBP/USD, and EUR/GBP to identify profitable trading opportunities.
Multiple Currency Pair Trading
By trading up to three currency pairs simultaneously, the EA diversifies risk and increases the profit potential, even when individual pairs experience adverse movements.
Optimized for H1 Timeframe
Designed to operate on the H1 timeframe, the SebTRI EA captures medium-term price movements, balancing trade frequency and risk exposure effectively.
Minimal Drawdown
With an average drawdown of just 4.8%, the EA demonstrates effective risk management, ensuring that losses are kept to a minimum while aiming for consistent profits.
RSI-Based Entry Signals
The Relative Strength Index (RSI) is employed to generate precise entry signals, enhancing the accuracy of trades and improving overall performance.
Fully Automated Trading
Once installed, the SebTRI EA operates autonomously, executing trades based on predefined parameters without the need for manual intervention.
Trading Results
Take a look at the 7-month test results below.
Backtesting results for the SebTRI Hedging Scalper EA indicate a total net profit of 1,472 pips over 7 months, with a return on investment (ROI) of 114%.
The strategy’s effectiveness is evident in its ability to adapt to varying market conditions while maintaining a low drawdown.
Trading Chart
The picture below shows the SebTRI Hedging Scalper EA attached to the EUR/USD H1 chart.
How the EA Works
- Monitors price movements of EUR/USD, GBP/USD, and EUR/GBP simultaneously.
- Identifies trading opportunities based on correlation discrepancies between pairs.
- Utilizes RSI to generate precise entry signals.
- Opens hedged positions across the three pairs to capitalize on price movements.
- Manages trades with predefined stop loss and take profit levels to control risk.
- Closes positions when the target profit is achieved or the stop loss is hit.
Download Now
Download the “SebTRI EA.ex4” EA
Parameters & Settings
- Currency Pairs: EUR/USD, GBP/USD, EUR/GBP
- Timeframe: H1
- Lot Size: Adjustable based on account balance
- RSI Period: Configurable
- Take Profit: Adjustable per pair
- Stop Loss: Adjustable per pair
- Maximum Drawdown: Configurable limit
- Trading Hours: Customizable start and end times
- Slippage: Adjustable tolerance
- Magic Number: Unique identifier for trades
Recommended Trading Setup
- Broker: Any MT4-compatible broker
- Account Type: Standard or ECN
- Minimum Account Balance: $100
- Leverage: 1:100 or higher
- VPS: Recommended for 24/5 operation
- Timeframe: H1
FAQ
What is the minimum account balance required?
The recommended minimum account balance is $100 to ensure sufficient margin for trades.
Which currency pairs does the EA trade?
The SebTRI Hedging Scalper EA trades EUR/USD, GBP/USD, and EUR/GBP simultaneously.
Can I use this EA on a real account immediately?
It’s advisable to test the EA on a demo account first to understand its performance and settings before using it on a real account.
Is the EA compatible with all brokers?
Yes, the SebTRI Hedging Scalper EA is designed to work with any Forex broker that supports MetaTrader 4.
Summary
The SebTRI Hedging Scalper EA offers a sophisticated yet user-friendly solution for traders seeking to automate their scalping strategies.
By leveraging a correlation-based hedging approach and utilizing the RSI for precise entry signals, this EA aims to deliver consistent profits with controlled risk.
Download the SebTRI Hedging Scalper EA today and take the first step towards enhancing your trading performance.
