Hedge EA for MT5

MQL5 Experts

Job finished

Execution time 3 hours
Feedback from customer
Amazing developer
Feedback from employee
Good customer. Good requirements layout and response rate is fast

Specification

To start I would like the trigger candle to be an engulfing candle. For example if there was a bullish engulfing candle then I would like the EA to take a buy trade with a TP of say 20 pips and then have a sell limit order 10 pips down taht is double the lot size of the original order. If the trade hits that 20 pip then I want the trade to close and the EA to close the sell limit order as well. If the trade hits the sell limit order then I would like the EA to then place another buy limit order at the original trade entry price that is double the previous sell limit order. I want that sell order to have a 20 pip take profit as well. Once the trade hits either take profit I want the EA to close all pending and active orders in the trade. So in the example if the EA bought on the bullish engulfing candle with 1 lot then the trade hit the sell limit order for 2 lots and ended up hitting the sell limit orders TP then it would be a profit of $400 for the sell order and a loss of $300 for the buy order. And it would close the reminding buy limit order. I want it to continue to hedge in this way, doubling the lot size of the previous order until the trade hits the desired TP level and closes out all the trades. I would like the setting to include that ability to change the pip level of what I want to target. As well as the initial lot size. As well as the time of day to take trades.

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Project information

Budget
80+ USD
For the developer
72 USD
Deadline
to 2 day(s)