Simply put, the PZ Hedging EA will turn your losing trades into winning. This is aided by the use of a unique imbalanced hedging strategy. The EA was first published in 2015 and has gone through various updates and upgrades. The current version is v27.2.
In this post, we do an in-depth analysis of the PZ Hedging EA. We scrutinize the results, user feedback, and strategy. In conclusion, we will tell what we think of this EA.
What is PZ Hedging EA?
This is yet another EA by Arthur, a programmer who specializes in indicators and expert advisors. We have previously reviewed another EA he developed; check it out here. We cannot classify this robot as fully automatic. It is not designed as a set-and-go EA.
Hedging EA is a forex robot that works to recover your losing trades using hedging. If you put a trade and it moves into negative territory, the recovery mechanism kicks in at a predefined number of pips. The EA then places an alternative number of trades above and below the current price until all trades are closed with a small net profit.
Apart from hedging, there are several methodologies that this EA uses to ensure it nets the small profit. It allows traders to manage their positions easily. More so, it has algorithms that implement entry strategies when a certain negative threshold is reached. Additionally, there is an in-built StopLoss and filter trading by session.
- Easy to use and supervise
- Trade easily using chart buttons
- Fully customizable position management
- Controlled and pre-calculated risk exposure
- Implements many automated entry strategies
- Can trade using custom indicators
- All orders are placed with a stop-loss
- Trades micro accounts from $1,000
- Filter trading by forex sessions
Arthur provides some technical information, some usage tips and pointers to get started.
How to get started
- Load the EA to any chart and timeframe
- Edit the settings until the risk is acceptable
- Trade using the chart buttons or enable an entry strategy
- Let the EA handle the trade and book a profit
- Load the EA and trade using the chart buttons
- Don’t trade any other EA in the same symbol
- Take only one initial trade per symbol -never two or more-
- If the buy/sell buttons are not displayed, it means the EA is busy
- The EA can trade many symbols independently at the same time
- But be careful: never, ever, load the EA twice on the same symbol
- There is no need to set a different Magic-Number to trade different symbols
- Trade from a VPS or leave your trading computer turned on 24/5
- Try never to unload the EA to assure the atomicity of the process
- Big spread hikes affect the EA negatively. If possible, trade from a fixed spread account
- In fixed spread accounts, using a small zone proves beneficial for performance
- A safe zone for variable spread accounts is +100 pips
- Avoid taking a trade if you expect the market to stay flat
- MT4 EA file
- Free software updates
- Lifetime technical support
Guides available with purchase include:
- User Guide
- Installation guide
- How to install updates
- Troubleshooting help
Now tat we have seen how this EA works, let’s delve into the stats!
EA Review: PZ Hedging EA Performance
Arthur has provided screenshots for backtest and Real live accounts.
For the backtest, the currency pair used is EURUSD. The tests ran over a period of 7 years. The initial deposit for this test was $1000, and the EA was able to get a net profit of $8,211. This is consistent with the strategy of recovering losses for your trades with small profits. However, drawdown stands at almost 23%, which is more than we would like to see. The test used an H1 timeframe with a modeling quality of 99%.
The website does not provide a link to either a Myfxbook or FX Blue account to verify the real trading results. They have only provided a screenshot of the results on Myfxbook taken in April 2021. However, we did not find any such results ourselves. Therefore, please note, we cannot term these results as true.
However, working with what has been presented, we first notice the big drawdown (at 40%) compared to the one in the backtests (23%). With an initial deposit of $1,204, the net profit stands at $2,679. This test is over a period of almost one and a half years.
Our disappointment with these real trading results stems from the fact that they are not public. More so, searching further, we realized that the latest version of this EA was released in mid-April 2021. Therefore, there is no way the test for the current version could have been running since 2019. This is a huge blow to any transparency built by the developer.
PZ Hedging EA: User Feedback
We did not find any reviews specific for PZ Hedging EA. Remember, this EA is part of a group of other expert advisors from Point Zero Trading. Users rate this company at a solid 4 stars out of 5.
Arthur has, however, done a good job based on interactions with the users on his website. Although there are no results on the real accounts, we see good engagement between Arthur and users.
This EA will depend on your level of equity and trading experience for you to recover trades you have lost.
The strategies are not very clear, although Arthur answers all questions one might have on his website. However, this EA requires experience to work. It is not something a beginner would pick up and start working with. The other issue is that this EA is not a set and go bot. It requires attention.
The price of this EA is $299, and we consider this relatively cheap.
We recommend that Arthur provides a links to real live accounts for better transparency.