Job finished
Specification
Dear developers
Its very straightforward and simple hedging EA based on Ilian Yotov's quarters theory and surefire hedging strategy.
Robot should start trading at the London opens and enter its 1st trade at the round numbers with TP and Hedging point at the next distance of 25 pips.
For example if algo enter its 1st buy trade on eurusd at round number 1.0500 level, its TP should be 1.0525 and if price goes against the trade, its hedging level should be 1.0475.
lot/risk increment for hedging should be 0.01, 0.03, 0.06, 0.12, 0.24 and so on.
Please have a look the enclosed illustration for clear idea...
Algo starts trading with London open And enter its 1st trade at cross of any round number as illustrated in chart for example round level 150 with TP at the next Round level 125 in case of sell trade. And place 1st hedge Entry at the next round level at the opposite side for Example 175 with TP at the next round number as shown In the chart at 200.
Now 150 to 175 becomes hedging range. And this set of Trades become 1st hedge cycle of the day. Algo will keep Trading with lot increment for example the 3rd entry will Be double of the second entry as shown in the chart 0.06 And so on until TP hit. Algo will close all the trades and Complete the 1st cycle of hedge Resulting in net profits.
Algo will start the next hedge cycle as soon as the 1st Cycle of hedge ends at the very next candle and round Number. Algo must not start new cycle of hedge if there Is already previous cycle running. Each cycle is different And must not overlap with each other.
Trade can be entered as lot multiplier or risk multiplier And can be switched as required.
Filter: Moving average (Simple and exponential) can be Applied and should have choice of putting it on and off as A filter. In case of filter the algo must start its first trade in The direction of moving average. If price is below the Moving average, algo must start with sell entry and vise Versa.
By default the range of the hedge is in quarters like 100, 125, 150 and so on. But must have choice to switch To half numbers and full numbers like 100, 150, 200 etc
Or 100, 200, 300
Algo should trade multiple pairs user defined into the algo inputs while running on single chart.
Thanks
Pawan