Groodge - Grid / Hedge EA

I found another promising hedging EA called Groodge EA.
It's free ea, made by Kokas, the administrator of Forex forums.
U can find it Groodge EA in http://www.forexforums.org

The EA is not finished yet, It still under improvement.

Here is what Kokas said about Groodge EA
Case 1: GBPJPY Drop and CHFJPY Drop too (correlation)
In this case the CHFJPY Short order will compensate the negative balance on the GBPJPY and on possible grid orders already open.

The grid is always moving trying to catch the next rise on the prices. If this does not happen just the short side of the main hegde will get you on target profit.

Case 2: GBPJPY Rises and CHFJPY Rises too (Correlation)
Nothing bad can happen on this situation. The Short side of the main hedge is bigger but meanwhile we continue to open grid positions on both currencies, both long!

When the pairs are not correlated we should avoid to enter trades. The EA has a filter to do this. But even in this case, this can take some time but they will correlate again and the grids that are always adjusting will catch the move.

The EA still need some tune up, so please test it and make your suggestions.
The EA also have a very powerful feature that are not completely written that could see ALL pairs and choose automatically the two pairs with bigger correlation (UseDynamicPairs), maybe on a next version, this was programmed by Richard Myers.

Something that interest me is Dynamic Pairs feature in the EA. When this option is on it will scan all hedge opportunities on a big correlation matrix and enter trades on the identified pairs.

I test it the Groodge EA using dynamic pairs = true, but since it's not completed it still give High Drawdown.

This is my forward statement graphic using Groodge EA since August 2008

You can download detailed statement dated 13 August 2008