Specification
Hello I am a Forex and commodities trader. I just need a very simple algorithm or a bot. I want a bot which should activate a hedging trade after the
market crosses the price against my trade. I need a hedging bot which will hedge same number of lots if the trade goes against me
automatically. Since markets are volatile, so if market comes back in my favor, the hedging should automatically be closed also. For
example, I have bought 2 lots of gold at 1600 and the market comes down to 1598, the hedging should be activated when the price goes opposite to
1600 at 1599.70 . And if price rebounds back towards 1600 and crosses back 1599.70, the hedging should be automatically deactivated. This
should happen every time the price crosses below 1600 whether it happens 1 time or 10 times due to volatility so the bot should
automatically trigger hedging trade with same number of lots. I don't need trailing stops, stoplosses, nothing more then that what I have
explained above.
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USD
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to 3 day(s)