Kestrel Hedging and Basket EA for MT4

Baskets, not bets

Kestrel EA is a grid expert advisor for MetaTrader 4: it opens from its own signal, adds to the basket in small, capped steps when price moves against it, and closes the whole basket together at its target. It never closes a single trade at a loss; until the basket closes, the loss is floating.

A basket is one idea with additions, not a row of independent trades. Like the kestrel that hangs still in the wind before it strikes, the software holds the whole basket calmly and closes it once.

What is hedged and what is not

Hedged: the exposure can sit on both sides of the same pair at once, which is why the account must allow hedging.

Not hedged: the loss. Opposite baskets do not cancel each other, there is no stop loss, and a basket that is wrong floats until it reaches its target. The measured cost of that is on this page, with dates.

The record behind the baskets

Simulated on Dukascopy data, Horizon level, euros at fixed rates; returns are on each record’s recommended capital:

Portfolio	Period	Return	Worst floating loss	Capital we recommend
K3 (AUDCAD Patient + EURUSD Patient)	2010 – Sep 2026	+268%	−€3,704, 22 Oct 2012	€22,500
Full portfolio (all three variants)	2010 – Sep 2026	+344%	−€6,165, 4 Mar 2016	€42,800

This is measured, not claimed: the two records in K3 never shared one of their ten worst days in the sample; K1, which runs AUDCAD Active, shared one of ten. For a portfolio, the capital we recommend is the individual recommendations added up. A worse episode than any in the record remains possible. Beyond the backtest, the software has run on two demo accounts since September 2026 — a forward test on demo, not a real account.

What you combine

You choose your pairs — one to four of EURUSD, GBPUSD, EURCAD and AUDCAD — then Patient, Active or both for each. Patient adds to a basket less often and holds a smaller worst case; Active adds more often, returned more in the backtest and reached a larger worst case. Same rules, same basket close.

The level question

Horizon (0.01 starting lot) €999 a year, Summit (×5) €4,999, Zenith (×10) €9,999, VAT included — the level scales the size, never the rules. For K3, the recommended capital is €22,500 at Horizon, €112,500 at Summit and €225,000 at Zenith, always a recommendation, never a condition.

At the worst moment of the K3 backtest, 13.31 open lots used €1,812 of margin at 1:500, a 516% margin level against the recommended capital. The full method: Kestrel EA Risk Management and Capital for MT4 Portfolios.

Setting up the baskets

1. Choose your pairs, then Patient, Active or both for each — one set file per chart.
2. Choose the level whose recommended capital matches your account.
3. Buy the annual licence on Kestrel Forex Robot Price and Licence Levels.
4. Install on MetaTrader 4, on a hedging account, on a VPS, and load the set files of your level.
5. Follow the record: every figure carries its date, feed and period.

For the two meanings of hedging, brand aside: Hedging Strategy in Forex: Baskets, Not Bets. The catalogue: Kestrel Expert Advisors for MT4.