Software >> Metatrader 4 scripts >> Hedge

Hedge

This script will immediately hedge all open positions on current chart by opening an opposite position. It will balance your positions, so that their overall profit/loss will remain constant.

It can also be used instead of closing positions. For example, hedging 8 open positions is much faster than closing them, since it requires only one operation. Actual closing can be done later, when market volatility becomes lower.

Installation

1. Find the correct location of your MQL4 folder by going to File->Open Data Folder
2. Copy the script file into MQL4\Scripts
3. The script should appear in the Scripts section of the Navigator panel
4. Double-click on the script or drag it to the chart