Hedge EA - I'm really onto something... Help me out

I have an EA from a friend of mine that's a hedge method that opens a Buy and a Sell on the
same currency pair at the same time.

One trade is eventually closed for a small winner and the RISK is very low.
You can see a thread about it here, it was 3 years ago:

http://worldwide-invest.org/us/threa...dified-by-iran

The EA no longer functions on MT4 builds and I have had a coder rebuild it but it still
doesn't work.

Now, there are some similar accounts from the same group that you can see the trading below on
these MT4 Investor Password accounts.

Acct# 456054
Pass: FXPersia123

Acct# 465756
Pass: FXPersia123

MT4 Server: 67.212.76.146:20031
(Some of these accounts are pretty insane).

I don't know if the trading is as great as it looks - but maybe you can tell me....
But THIS is what I am really looking for...

I trade with a Cash Rebate FX Broker. I get paid a commission on my trades and I do
big volume on my trading but obviously the higher the volume, the higher the risk can be.
>> I want an EA that can HEDGE with VERY low RISK. I don't care if the profit is almost
NOTHING or even if it loses money the majority of the time. I DONT CARE!

Is there an EA like this or a way to program it?

Thank you guys.

Grey Whale. The first lesson my mentor gave me was trade in such a way that your broker should not know what you are trying to do and what are your tactics. An EA is feeding that information to your broker in a silver plate. The only reason I never thought about trading with the help of an EA. Many do, but not me.

@Chicky:

Only MQ4 (source code) files are readable. Prior to MT4 build 600, it was possible to decompile EX4 (executable files) to obtain a difficult-to-read version of the original source. My understanding is that, from build 600 onward, it's no longer possible to decompile EX4s (somebody please correct me if I'm wrong). Hence, unless the br0ker uses tools outside of MT4 to pilfer the MQ4 file from your computer, he has no way of knowing what your EA is doing, other than by simply observing when/where you make your entries and exits on the chart, which is no different from trying to discover what a manual trader's methodology is. If you're worried about br0ker espionage, you could always move the MQ4 file to an external backup drive, so that the br0ker can not access it.

Secondly, it raises the question as to how much trouble and expense any br0ker would want to go to, given that some effort is required to (1) decipher decompiled code, and (2) reverse engineer the system rules from (1). He would need to pay a programmer, who also had a good understanding of forex trading, to do this. Unless the EA was winning a significant amount of $$$, it arguably wouldn't be worth his while; and if he's a genuine ECN/STP br0ker, then the losses aren't affecting him directly, anyway. And if a 'bucket shop' br0ker was losing money to a trader or EA, it would be easier and cheaper for him to simply terminate business with that client.

Thirdly, no EA can ever trade as intelligently or adaptively as a human. My guess is that if something like 90% of wannabe manual traders eventually lose, then more than 99% of 'amateur' MT4-coded EAs will eventually lose. Changing market conditions and transaction costs are, over time, easily enough to defeat most of the 'smartest' EAs. (There are automated traders run by institutions that capitalize on momentary pricing inefficiencies, but these depend on spilt second timing and costs that are close to zero — none of which is available to the retail trader using a product like MT4).

Hence, if, for whatever reason, a MT4 br0ker wanted to discover how to trade profitably himself, he'd probably learn more by studying the entry and exit points of the most successful human traders that run accounts through his br0kerage.

Please. No broker cares about your strategy, don't be paranoid.

Exactly. And you managed to say it in one sentence, while it took me four paragraphs.

Sometimes it pays to be thorough.