we have good news: the Ultima EA has removed hedging from the rules. Mislav Nikolic has created a new version for the Ultima EA. The main update is the full removal of all hedging (opening trades into the opposite direction).
The lack of a hedging component is especially good news for traders where hedging was not allowed (like the US). The newest version allows traders to rent the software even if your country has regulations against hedging.
The newest non-hedging version also turned out to be better than the hedging version. So all Ultima traders are now able to use the non-hedging version as well.
Although Ultima EA did not take many trades in the opposite direction, it did occur on a regular basis. The interesting aspect is that the newest version without hedging works better than the hedging version.
When trading the EA with 5% risk per setup, the non-hedging version was better between 2017 and 2020 in the past 3 years:
This means that we will be using the new version as well, not only traders who struggle with the hedging aspect.
If you rented the EA already, please follow these steps:
The newest version will be trading without any hedging.
If you prefer to use the hedging version, then you are able to change the settings in the EA properties:
The newest Ultima EA version will now use option B as a standard. Both options B and C are anti-hedging but we do not recommend option C.
The update is a major improvement for traders where hedging regulations are in place, like in the US. Many US traders had difficulties joining the Ultima EA.
These problems are now solved with the newest Ultima EA tool. We are happy that the Ultima EA is now available for a wider audience.
This piece of software has been showing us nice live results besides the good backtesting results. We hope that this trend will continue in 2020 and 2021!
Feel free to check out all of our performance links here below.
Wish you good trading,
Mislav Nikolic, creator of Ultima EA
Chris Svorcik, creator of ecs.SWAT