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Hedging system description
This system based on standard hedging principles – orders are made in both directions using different Lots in order to get profit when price moves enough. EA should include options of SL and TP to be adjustable in pips and distance between orders of buy/sell should be adjustable as well. Very important to stress out that TP and SL of different orders should be exact match taking into account different spread size in every currency pair.
First buy or sell order should be made according to exponential EMA – if EMA is up, then it is a buy, if EMA is down – then it is a sell.
Size of first 20 orders should be adjustable – for example lots size of 0.1, 0.2, 0.4 and etc.
Lot multiplier option – if orders are 0.1, 0.2, 0.4 and etc., and Lot multiplier is 2.0, then actual LOT size becomes 0.2, 0.4, 0.8 and etc. It multiplies the lot size by multiplying coefficient.
If we call start of trading by adjustable Lots 0.1, 0.2, 0.4, 0.8, 1.6 and etc. One Trading Sequence , then system should have option to start Second Trading Sequence in the same currency pair when price moves xx pips (adjustable size). For example when system starts working, it buys 0.1 Lots, and TP is 80 pips, but it is set that after price moves up by 45 pips, second sequence starts working, thus system buy another 0.1 Lots with TP extra 80 pips - both sequences are working at the same time at the same currency pair, and when price moves another 45 pips, third sequence starts and so on. So it should be optional that every xx x pips new trading sequence starts.
Of course when system reaches TP and SL levels, it should automatically start trading again.
Options to trade specific week days should be included, for example trading just Wednesdays or other. It should be just for first order made (for example 0.1 lots), if system reaches TP/SL on Friday, it waits till Wednesday to make first order. It is just example, I should be able to choose week days for system to work.
Trading hours should be an option for first trade. For example I should be able to set trading hours 12-18 o’clock for first order.
Also EA should work on multiple currency pairs at the same time
