Hedging Robot needed.

MQL4 Experts

Job finished

Execution time 66 days

Specification

Hi Developers, I would like to have a hedging EA that can cover up other EA’s opened positions.

Below are the expected EA to functions:

1.       User settings for user to input:

·       “Drawdown in $ to start”

·       “Hedging multiplier”

·       “Stop loss in pips” -> just for this EA alone, not for other existing trades

·       “$ profit to close all positions” -> to close all trades within the same chart/pair when the trades already reach $ profit as the input

 

2.       If the “Drawdown in $” for that pair are met:

then the EA can close other EA within the same chart only, while opening a hedging position with volume based on the “hedging multiplier” setting that filled by user. This drawdown only for the trades on the same chart and not the global drawdown.

 

3.       If user only input: 1 in the “Hedging multiplier” setting, the EA is able to:

·       Ignore the “$ profit to close all positions” value – as it is intended only to lock the positions within the same chart.

·       Able to monitor the stoploss of it’s own hedge position (not all trades)

·       When the stoploss happened and then the market go south again - “Drawdown in $” are met again , this EA can again open the hedge (lock) position and keep looping the cycle when market goes back and forth.

·       The idea of this point is just to lock the positions – locking the DD, and waiting the market to back to normal so that the original positions which earlier opened by other EA can be closed based on their take profit points.

 

4.       If user input > 1 in the “Hedging multiplier” setting, the EA required to:

·       Able to monitor the stoploss of it’s own hedge position (not all trades)

·       Able to close all trades when the total opened trades (other EA’s + this EA) already in profit in $ as filled on the input setting.

 

Summary

  • This EA only manage the positions from itself and other EA’s within the same chart only, so if it is required to manage multiple pairs this EA need to be loaded on every chart of the pairs
  • If the filled “Hedging multiplier” = 1, then: this EA only manage itself position and not other positions. Else: the EA can manage its own position and other positions on the same chart to take the profit.
  • If the drawdown/profit calculation or closing the EA of the specific chart can be a challenged or reducing the precision of this EA, I am ok to just use 1 pair only on the account without mixing with any other pairs.
  • I am open for additional feature/functions to strengthen the strategy to avoid deeper DD or possibility of Margin Call.


Responded

1
Developer 1
Rating
(5)
Projects
1
0%
Arbitration
7
0% / 100%
Overdue
0
Free
2
Developer 2
Rating
(400)
Projects
704
49%
Arbitration
57
16% / 49%
Overdue
129
18%
Free
3
Developer 3
Rating
(4)
Projects
6
0%
Arbitration
5
0% / 80%
Overdue
2
33%
Free
Similar orders
I have an EA and want to add few new logic to fetch profit taking factors and other values from an external master data and use it in existing EA
Hello Every one, Good day, I want from someone professional to create an EA is working on Mt5, This EA is working by depend on some indicators, and all those indicators must be working on MACD window, not on the chart, for more details please read my attached pdf file carefully. Many Thanks
I'm looking for an expert MQL5 developer that can create an EA that's based on my price action trading strategy with no indicators. The EA must analyze trades based on my price action rules, enter trades based on my price action rules, manage trades based on my price action rules and exit trades based on my price action rules
hi hi there i have an strategy on tradingview and i want to automate it like metatrader EA so i want the strategy to open and close trade automaticlly on tradingview
We are looking for an experienced Expert Advisor Developer who can build a customized MT5 Expert Advisor for us. The Expert Advisor would use two built-in indicators as entry/exit signals and our own risk management strategy with customizable inputs. The goal is to create a reliable and efficient trading tool that can automate our trading process on the MT5 platform. Skills required: - Strong understanding of
I need stochastic div (hidden &regular ea) that should perform task in all tf's ..divergence is a repaint stly so i want to use it with candlestick flips .. so bet for it
Hello, I have an indicator from a friend and I'd like to replicate it on my own TradingView or MT5 platform. Could you assist me with that?. Here is the link
so basically I have an EA(mql5), AI script(python), flask server and socket server both on python. Now this is an experimental script as I am trying to learn. However the EA is not entering any trades. How much would it cost for you to troubleshoot this for me? Thank you in advance
NEW FUNCTION 50+ USD
La idea es la siguiente, sería un EA semi automático. Yo como trader opero en zonas. En adelante las vamos a denominar ``zonas calientes´´. El EA debe que necesito debe operar conforme a 4 zonas calientes que yo configure en el mismo. ¿Qué hará el EA en cada una de esas zonas calientes que yo he configurado? En cada una de estas zonas el EA debe realizar hedging (crear un rango en el cual el EA entrara en sell o en
I have the bot just over half made, from another developer who let me down and decided they no longer wished to finish the project, so I have a basic example of the fundamentals of what it could look like, although multiple functions I require do not work, but I can show this to you on request. There are multiple features that I require, so please read the in depth requirement sheet on the attachment. Function: To

Project information

Budget
30+ USD
For the developer
27 USD
Deadline
from 2 to 7 day(s)