HedgeRecoverEA

using the indicator

a buy signal is generated when the green arrow appears and EA will open buy trade at the close of the candle. Red arrow for sell trade.

EA trading strategy

when the first signal is generated and EA opens buy(example, a TP is automatically is set(example 20pips), if EA goes to TP, then trade is closed and EA waits for fresh signal, but if position does not get to TP and another signal(Sell) is generated, then EA will also open a sell position using martingale multiplier and both trades will be running concurrently, the TP for the 1st trade will be removed and be left open but the second trade will now have the TP(20pips), if position does not reach TP and yet another signal is generated(Buy) EA opens yet another trade with martngale multiplier and this new trade will take over the TP(20pips) and every other trades TP is left open. 

Trade close

option 1

EA will continue opening new position when the signal is generated as long as TP is not reached. but when the last trade(latest trade with TP) reaches target, all trades are automatically closed.

trade close option 2

once a combinations of all the trades opned on the account = to breakeven all postions will be closed.

when this option is selected , option 1 closing will be disabled. 

Variables

martingale multiplier input

take profit input

dashboard - true/false(this is to switch off dashboard 

Dashboard(see screenshot attached of how it should look)

Balance - this is the current balance

equity - current equity

profit  - current floating profit/Loss

margin - current margin Used

buy  - current total buys position opened

sell - current total Sell position opened

Very Important Notes

1)this EA must be able to trade on any renko chart. both live trading and back testing on strategy tester(i have an fxt file builder that i can use to backtest renko)

2) i should also be able to use EA to trade crytpo- currency and indices