TRIANGLE HEDGING ROBOT FOR EURGBP, EURJPY AND GBPJPY PAIRS ON THE MT4 PLATFORM

Abstract

The Triangle Hedging Robot or Expert Advisor is designed for the MetaTrader 4 (MT 4) platform. The robot can monitor signals, open positions, close positions both for each currency pair and as a whole. The robot is also designed to be able to run automatically or semi-automatically. The robot is implemented in the foreign exchange (forex) market for the EURJPY, GBPJPY and EURGBP pairs. Position opening is based on technical analysis using the Moving Average (MA) method. A Buy position will be opened if there is an upward cross from the small period MA to the big period, and conversely a Sell position will be opened if there is a downward cross from the small period MA to the big period. The robot works based on two cycles that have been defined, namely the first cycle in the form of buying EURJPY, selling GBPJPY and selling EURGBP; and the second cycle is selling EURJPY, buying GBPJPY and buying EURGBP. Each cycle is a complete position of Triangle Hedging. Robots can also work with user interaction. If the user opens a position with a certain lot size, the robot will perform lot calculations and determine cycles to hedge properly. The results of testing the robot show that the robot works well according to its purpose. It's just that the robot still needs to be tested more intensively to determine whether the robot can provide benefits for the user in the medium or long term.