Hedge Scalper Chart Display Details
Forex hedge scalper EA MT4 and MT5 shows some display on the chart that actually talks about what’s going on with your trading account and how the EA is managing it?
The display information can be different from pair to pair and account to account depending on their current situation. The information shown on the chart is just to inform the user of hedge scalper EA about its trading.
On the left top corner of your mt4 or mt5 terminal, we have multiple information lines that shows the trading account balance, equity, float and lots. In the same way we have lower left corner where a user can see its registered name, licensed accounts and server msg from eatrades. whereas on the lower right corner it shows net earning whether how much this forex ea has made or lost while trading and on top right corner near to expert advisor name, we have current status of the ea on what is it doing right now.
lets breakdown each and every information one by one with complete details. we will talk one by one with screenshots but note that the values can be different on your end when you see on this page because as we have already talked that the values appear according to account and forex market conditions.
In the above screenshot you can see ea provider name which is eatrades and then following information.
Balance | Max 5776 | 5776
This information shows the account balance and the highest recorded balance separated by |. On the left side you can see the current trading account balance while the right sided highest recorded balance. These both values can be same or either different depending on the situation.
Equity | Max 5502.89 | 5603.97
Similar to above, this information talks about your forex trading account’s equity which is actually the money you have on your account after closing running trades. 5502.89 is the current account equity while 5603.97 is the highest recorded account equity.
All Float -65.10 | -208.01 | -273.11
This portion has 3 values where one talks about Buy | Sell | Total separated by |. All float we mean the difference between the account equity and account balance which is normally called drawdown (dd). this is the total values from all the forex pairs running on the account.
EURGBP.fx Float -1.74 | -3.21 | -4.95
Depending on which pair you are looking at? it normally shows the current pair name where the EA is running and it shows .fx because this broker use extension .fx with its all trading pairs. So these values talks about the current pair float in 3 values which is separated by | as BUY | SELL | Total. its a value of floating from buy orders, then sell trades float and their total float on EURGBP.
All Lots 0.31 | 0.44 | 0.75
Similar to above, these values show the lot size running on the account. Its the total from all running symbols showing Buy, Sell and then total lots. Note that these are lots that are open now but not yet closed. The EA doesn’t display any information about account history or closed trades.
EURGBP.fx Lots 0.02 | 0.02 | 0.04
The open lots from the trading orders on EURGBP specifically, with 0.02 buy lots, 0.02 sell lots and then 0.04 total lots. this is only about this pair, but if you want to check the lots for any other pair such as if you are running EURUSD, USDJPY and GBPUSD, You will need to scroll to their charts to check their information.
Spread 2.30 | 2.01 | 1.99
Spread in forex trading refers to difference between buying and selling price. Or this is the difference between Ask and Bid which is imposed by forex broker as their commission. On the display of hedge scalper EA spread shown in 3 values where you can split them as 2.30 as max reported spread, 2.01 is the average spread while the EA is running and 1.99 is the current spread.
Target EURUSD.fx Sell Trades
As the forex hedge scalper EA uses a multiple strategies, it further prioritize the trading pairs and set a target pair with their buy or sell trades. as for this situation we have EURUSD sell trades on target, which means that the EA is trying its best to close sell trades on EURUSD as soon as possible. It keep changing depending on the market and account conditions.
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Now lets jump to left bottom corner display where we have 3 values like,
User Name: EATRADES
This is the user name that you have given while placing your order. it can be same or different that your trading account, because its all about your name while filling your order form while placing your order for hedge scalper ea on eatrades.
Real Account: (58133869 ForexMart)
It is the your real account number that you have filled in the order form while placing your order with your broker name. It can be showing one or multiple account numbers and their broker names depending on how many trading accounts you are using under one license key.
Server Message: Free Upgrade to New Version
That’s the server message from the server that talks about new version. the server message can be different as follows.
- Real Account Access Authorized
This means that you got the real account access to use the EA on your registered real account. - Demo Access Authorized
It has authorized the access to your demo account. which means that you are trading on a demo account using your license key. - Unregistered Account
When you are trying to use the EA on a different trading real account that your registered one. So the EA can’t work on it. - Invalid License Key Warning#1
When you are trying to use any invalid key. You get this error with warning number, because the EA allow you only 3 warning for invalid keys. Upon your 4th try with invalid key, they server may block our IP for next 24 hours. - Free Upgrade to New Version
As we offer multiple updates time to time to improve the EA. When you get this message on your account, it means that its time to move to new version for free. The new version can be downloaded from our website using your license key.
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Lets move next, on the bottom right corner we have net earning display, that actually talks about what this forex ea has made or lost? this is the pure earning amount apart from your manual trades or from any other EA. the positive value shows profit while negative value means loss. as for this screenshot we have +3156.69$ profit because its showing a + sign.
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On the top right corner near to expert name, we have EA status that actually talks about what EA is doing there. it can be different for each and every trading pair. the status can be as following.
- Initializing
The EA is configuring itself to your account type. - Initialized
The EA configured successfully. - Validating License
Check your license key. (Connecting to server) - Working Now
Its working normally. - Full Focused Pair
Its the most winning pair and the EA is trying to trade more on this pair to make more profit. - Working on Priority
This the losing pair and the EA is trying to manage to close some trades on this pair. - Avoiding Trended Market
The market is trended and the forex EA has paused trading and waiting for the market to normalize. - High Spread
Spread is higher than your given value in the ea input. So EA has paused trading and waiting for lower spread. - Hedging In Pair
forex ea hedging with in pair. which means the if the EA is running on EURUSD, its hedging between buy and sells in EURUSD. - Max Orders Limit Reach
You have opened more trades than given value in the inputs. So its not opening anymore but managing to close them. - Buy’s Hits Limit
Max limit for the buy trades has reached and no more buy should be opened. but managing to close running trades. - Sell’s Hits Limit
Max limit for sell trades reached. So its not opening anymore sells. - Allow Live Trading From Expert
You have installed the EA properly, but didn’t allow trading from expert column. So allow live trading from expert to trade. - Turn On Auto Trading From Terminal
You didn’t allow auto trading from terminal either MT4 or MT5. You need to allow auto trading to let the EA work. - Hit By Dead Stop
The EA has dead stop system. When the EA hit dead stop limit. The ea will completely stop working. - Avoiding News Time
There might be economic event and the EA has detected it automatically. No the EA won’t open any more trade for about 15 to 30 minutes unless the market come to normal moves. - Hedging With EURUSD*
Hedging with EURUSD or any other pair. It may show like Hedging with USDJPY depending on where the EA is hedging. The EA has external hedging system to trade smoothly that it can hedge with other trading pairs.
Hope that there was enough information about the chart display. But if still there is any confusion, you may let us know or you might be interested to check
