MetaTrader 4 MT4 Scripts Hedge_Dollar_Index_Against_Forex_Pairs_V1 – script MetaTrader 4

Hedge_Dollar_Index_Against_Forex_Pairs_V1 – script MetaTrader 4

Hedge_Dollar_Index_Against_Forex_Pairs_V1.mq4 |

Hedging DOLLAR.IDX/USD – USIDX

Euro – 57.6%

Japanese yen – 13.6%

Great Britain pound – 11.9%

Canadian dollar – 9.1%

Swedish krona – 4.2%

Swiss franc – 3.6%


Buy USDIDX 100%       Value 100 point = 100$  Position size = 10000   10000 contracts Dukascopy = 100 TMGM 

Hedge 100% in Forex Pairs

Buy EURUSD  –  57.6%  Value 1 pip = 57.6$   Position size = 576000  Lots 5.76 

Buy GBPUSD  –  11.9%  Value 1 pip = 11.9$   Position size = 119000  Lots 1.19

Sell USDJPY –  13.6%  Value 1 pip = 13.6$   Position size = 206060  Lots 2.06

Sell USDCAD –   9.1%  Value 1 pip =  9.1$   Position size = 123809  Lots 1.238

Sell USDSEK –   4.2%  Value 1 pip =  4.2$   Position size = 444000  Lots 4.44

Sell USDCHF –   3.6%  Value 1 pip =  3.6$   Position size =  32300  Lots 0.323

Lot_Multiplier increases or decreases lot proportions. Example: x2 or x0.1 

Be aware of Dollar Index closing times when using this strategy!

Alternative:   ToolBox - indicator MetaTrader 4


#property copyright     “Copyright 2024, MetaQuotes Ltd.”

#property link          “

#property version       “1.01”

#property description   “persinaru@gmail.com”

#property description   “IP 2024 – free open source”

#property description   “This Script Hedge Dollar index against its constitutive FOREX pairs.”

#property description   “”

#property description   “WARNING: Use this software at your own risk.”

#property description   “The creator of this script cannot be held responsible for any damage or loss.”


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