Hedging EA M15 time frame

PLEASE RESPOND IF YOU UNDERSTAND THE JOB.

Parameters

SL= 0

TP= 0

MA

EMA = 50    --- M15

EMA = 200   --- M15

EMA = 8  ---- Daily

EMA = 20 ---- Daily

RSI Settings

Period = 5

RSI_Upper = 80

RSI_Lower = 20

Buy when

1. RSI is on the 20 line or below 20 over and turning back up
2. EMA 50 above EMA 200 on  M15  timeframe
3. EMA 8 above EMA 20 on  D   timeframe
4. No SL

Take Profit

• When RSI is over bought RSI line is on 80 or above 80 and turning down.
• If 1 , 2 or more Buy trades are open they all should be closed at same price.

Sell when

1. RSI is on the 20 line or below 20 over and turning back down
2. EMA 50 below EMA 200 on M15  timeframe
3. EMA 8 below EMA 20 on  D  timeframe 
4. No SL

Take Profit

• When RSI is over sold RSI line is on 20 or below 20 and turning up.
• If 1 , 2 or more Sell trades are open they all should be closed at same price.

HEDGING

If trade is 50 pips in negative open three hedging trade in the opposite direction

Example.

BUY

Buy trade is open

Buy trade is 5opips negative

Open 3 sell orders to close 50 pips and also close Buy order at same price.

If however the hedge is 50 points in negative open 3  buy trade for each previously opened hedges to close 50 pips also all trade will be closed at same price.

SELL

Foe sell trade follow the same rule .