Advanced Hedge Review

Advanced Hedge is an FX EA that uses the hedging method. It is a totally automated system that is integrated with a loss recovery feature. Besides FX pairs, the system also works on metals, indices, and crypto. As per the developer, this MT5 trading tool does not use indicators for identifying successful trade entries. 

Is this a reliable automated system?

Ho Tuan Thang is the developer of this FX EA. The developer is based in Vietnam and has created 6 products including this MT5 tool. To reach the developer and clarify any doubts or issues you have with the product, a Telegram channel link is provided. Users can also message via the MQL5 message board if needed. There is no location address or phone number for contact which raises doubts concerning the reliability of the system. 

The currency pairs this FX robot works on are EURUSD and GBPUSD pairs. A timeframe of M15 is used for the system. Other than the mention of the hedging approach, the developer does not provide a detailed explanation of the approach. The lack of strategy explanation raises suspicion on the reliability of this EA.

How to start trading with Advanced Hedge

The cost of this FX EA is $49. A free demo account is also available for the system. The developer does not divulge any info on the features available with the package. As per the site info, the rate is valid only for two sales and the subsequent copies will be sold at $149. In future, the cost will be increased to $249. While the discounted price looks affordable the raised amount is a bit expensive and not worth it. Furthermore, there is no money-back guarantee present for the product.

Other recommendations for the system include a minimum deposit of $3000. This EA has been testing since 2019 and recommends the use of a set file or a default file for setting the various limits. This system supports any broker and is not sensitive to slippage or spread.

Advanced Hedge backtests

The developer provides a backtesting report with 99% modeling quality. From the report, we can see the EA had generated a total net profit of 1316.42 for a total of 5098 trades. Profitability of 93.17% and a profit factor of 1.42 were present for the account. The maximum drawdown was 32.40% which indicates a risky approach. 

Trading results

The developer provides a live signal for this EA on the MQL5 site. From the statistics revealed, we find the EA has generated a profit of 1272% using the RoboForex-Pro broker and the leverage of 1:500. For an initial deposit of $1,608, a profit of $18,507.63 is present with a profit factor of 2.99. We could not gain more facts on the result as the info provided is very minimal and there is no actual link to the live signal. There is no info on the drawdown and other relevant details. 

Further, the minimal details make it difficult to compare the stats with the backtesting results. Since the account has been in operation for 5 weeks only, the sample size is too small to predict the performance. The failure of the developer to provide a proper link to the live signal raises a red flag for this EA.

Customer support

For support, the developer offers a Telegram channel link. You can also contact the developer via the message board on the MQL5 site. However, the lack of a phone number and other support methods make the customer service inadequate. 

People feedback

We could not find user reviews for this EA on reputed sites like Forexpeacearmy, Trustpilot, etc. The lack of user testimonials shows this is not a popular expert advisor in the market.

Wrapping up

Advantages

• Fully automated expert advisor
• Affordable price

Disadvantages

• No explanation for the trading approach is present 
• Small sample size

Ho Tuan Thang claims that Advanced Hedge has been tested successfully under different market situations. But our analysis reveals the system is not reliable. To begin with, the developer does not explain the strategy. While there are a few backtesting reports, we found a high drawdown that indicates a risky approach. With the real trading and the backtests, the developer does not provide the link and instead has a screenshot of the results. For the live signal, the provided data is insufficient and also shows a small sample size. The absence of a money-back assurance, insufficient support, and absence of user reviews confirm our suspicions that this is not a trustworthy expert advisor.