Advanced Hedge is an expert advisor that uses the hedging approach. This FX robot can work on cryptocurrencies, indices, and metals besides currency pairs but needs optimization by the user. The developer, Ho Tuan Thang claims that this EA has been tested under different periods and market conditions from 2019 until the current time.
Advanced Hedge: characteristics
As per the developer, this software is fully automated with a loss recovery system. It does not use indicators for its analysis but uses math logic for its trading approach. The developer claims to have all set files for trading.
We can find the parameters of the EA on the MQL5 site. These include the initial volume, volume multiplier, maximum volume, TP, SL, slippage, and magic number. We cannot find much info on the features or functionality of this expert advisor. The lack of info is disappointing and also raises suspicion on the reliability of the product.
Currency Pairs, strategy & timeframe
The EURUSD and GBPUSD are the main currency pairs this ATS works on. It uses the M15 timeframe. A minimum deposit of $3000 is recommended for this EA and it can work with any broker as it is not sensitive to slippage or spread. Other than the mention of the hedging approach, the developer does not explain the strategy. This lack of transparency raises a red flag.
Advanced Hedge trading performance
A backtesting report is present on the MQL5 site, which is shown below. From the results, we can see that the backtesting done from 2019 to 2021 reveals a total profit of 1316.42 and a profit factor of 1.42. A drawdown of 32.40% is present for the account and it shows 93.17% profitability. From the backtesting, we find the profit gained is very low while the drawdown is high indicating a risk trading approach and poor performance.
We could not find live trading results for this FX robot on trusted sites like myfxbook, FXBlue, etc. However, the developer provides a live trading result on the MQL5 site. Here is a screenshot of the result.
From the trading stats present in the above screenshot, we can see this is a newly opened account just three days into trading. It shows a profit of 417.18 for a deposit of $3000 and a growth of 13.91%. The maximum drawdown for the account is 8.2% and profitability is 76.3%.
Comparing the backtesting results with the real account trading reveals low profitability and growth while the drawdown is less than the value in the backtest. However, the sample size is too small so we cannot gain much insight into the performance.
How much does it cost?
To purchase this MT5 EA you need to pay $49. The developer explains that this price is a sale discount of which only three copies are left after which the price will increase to $249. He does not reveal the features included in the price package. We cannot find a refund policy which makes us suspect this is an unreliable product. While the price is not expensive, the lack of info available and the absence of a money-back assurance are downsides that make this EA an unsound investment choice.
Reviews from customers
We cannot find user feedback for this product on reputed third-party sites like Forexpeacearmy, Trustpilot, etc. We look for reviews on such sites as they provide an unbiased view of the reliability, performance, support, and other crucial features that help you make an informed decision. While the MQL5 site has a few reviews, the chances of manipulation of the testimonials are high as the site promotes the product. The absence of user reviews indicates this is not a popular product.
Should you use the Advanced Hedge robot?
Here are a few benefits and downsides we found in this EA. From our evaluation, we find this is not a trustworthy FX robot.
|Fully automated software||No explanation of the trading approach|
|Cost is affordable||Small sample size in trading results|
|No money-back policy|
Advanced Hedge is an expert advisor that claims to provide high returns with its hedge approach. Our evaluation of the backtests and real trading results indicate the EA uses an ineffective strategy. The poor performance and high drawdown indicate this FX robot uses a high-risk approach. The lack of real trading results verified by sites like myfxbook makes it difficult to analyze the performance and approach properly. Although the developer provides a live trading result on the MQL5 site, the sample size is too small to make a significant impression. The lack of user reviews and absence of refund policy are other factors that confirm our suspicion that this is not a reliable expert advisor.