Job finished
Execution time 23 days
I am in need of an EA that will open orders based on certain
parameters. The EA logic is very straight forward. This will be a Hedging EA in
nature. Parameters are:
Current or New Order = This means when starting the EA, will
it use last order placed in terminal or wait for new order. (true or false may
work here)
Hedge at X Pips = Loss of pips before order is opened in opposite direction
Take Profit =
Stop Loss =
Here is an example of
the logic.
I open a EUR/USD buy order
with 20 TP and 0 SL.
If order hits TP, then original order closes (normal
function of terminal) but EA will open a new order in same direction with same parameters (so in this example, after the original order closes at TP, the EA would
then open another EUR/USD Buy order with 20
TP and 0 SL).
Or
If EUR/USD is down 30 pips (Hedge
at X Pips), then Open EUR/USD Sell order with
same parameter (20 TP, 0 SL). However this will “not” close the previous buy open
position.
So the “Hedge at X Pips” parameter acts almost like a SL in
that when the trade is at a “30 pip” loss
instead of closing out the losing trade, the EA will open a trade in the
opposite direction.
Rules:
Unless a SL is specified, orders are to remain open forever
until the TP is reached or I close them out manually.
The EA rules only applies to the “last” trade opened. So an order that was placed in a past that hits TP or the Hedge X should “not” be opening another order.
This would be an endless cycle until the EA is stopped.
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