For all of you traders looking for a way around the anti hedging rules here is a script for you.
It basically works by creating an inverse derivative of what ever position you want to hedge. For example if you want to hedge a long EURUSD position it might SELL EURCHF and BUY USDCHF in proportion to your EURUSD exposure.
To use, simply run the script and select the positions that you would like to hedge.
Your hedge positions are determined on a transactional cost basis, by selecting the inverse derivative combination with the lowest transaction cost.
There will be a commercial version available for MT5 with many more usefull features. I had to severely limit the functionality on this MT4 version due to lack of reasonable security.
Please let me know if there are any additional features or bug fixes that you would like to see added to this.
KK
It basically works by creating an inverse derivative of what ever position you want to hedge. For example if you want to hedge a long EURUSD position it might SELL EURCHF and BUY USDCHF in proportion to your EURUSD exposure.
To use, simply run the script and select the positions that you would like to hedge.
Your hedge positions are determined on a transactional cost basis, by selecting the inverse derivative combination with the lowest transaction cost.
There will be a commercial version available for MT5 with many more usefull features. I had to severely limit the functionality on this MT4 version due to lack of reasonable security.
Please let me know if there are any additional features or bug fixes that you would like to see added to this.
KK
Attached File(s)
Kurka - SynHedge.ex4
9 KB
|
1,123 downloads
Keep it simple stoopid....