HedgeCover EA - Intelligent Position Protection System

Overview:
HedgeCover is a professional-grade hedging Expert Advisor designed to provide safe, controlled protection for losing positions. Unlike dangerous martingale systems, it implements intelligent risk management with multiple safety layers to prevent over-trading and account blowouts.

Key Features:
• One-Hedge-Per-Position - Each position is hedged only once, eliminating infinite looping
• Magic Number Separation - Uses distinct magic numbers for main positions vs hedge positions to prevent hedging hedges
• Configurable Loss Threshold - Set loss level in pips (30-100 recommended) before hedging triggers
• Cooldown Protection - Minimum time between hedge trades (5-15 minutes recommended)
• Max Hedges Limit - Absolute limit on total number of hedge positions
• Margin Safety Checks - 80% free margin requirement prevents over-leverage
• Symbol Filtering - Only hedges positions on the current chart symbol

Risk Management:

  • Prevents the "avalanche effect" that causes account wipeouts

  • Implements professional risk controls rather than reckless doubling down

  • Includes lot size validation and normalization

  • Comprehensive logging and monitoring capabilities

Recommended Settings:

  • Main Magic: Your strategy's magic number

  • Hedge Magic: Different value (e.g., 99999)

  • Loss Threshold: 50 pips

  • Lot Coefficient: 1.5x

  • Max Hedges: 3

  • Cooldown: 5 minutes

License: MIT License - Free for community use, modification, and distribution

Warning: Designed for demo testing and educational purposes. Use at your own risk. Always test thoroughly before considering live use.

Ideal For: Traders looking for professional hedging capabilities without the risks of traditional martingale systems.