Scalping ea or indicator that hegdes

Creating a Forex Expert Advisor (EA) or indicator that hedges every candle opening and closing for a buy if bullish or sell bearish with accurate take profit and stop loss, while executing trades automatically every one minute or five minutes for scalping. It must close all the trades open in every candle open for a buy or sell automatically to hegde for next candle tick direction of a buy or sell also also allow both buy and sell. All the trades open must be executed in every candle closes. It must catch every direction for a new opening candle tick to hedge and execute the trades automatically.

1. Objective: The objective of the EA or indicator is to automatically execute trades based on the opening and closing of candles in the forex market. It should hedge every candle opening and closing for a buy if the market is bullish or sell if the market is bearish. The EA should aim for scalping, targeting short-term profits, and it should automatically close all open trades at the opening of each new candle to hedge for the next candle's direction.

2. Trading Logic:

   • Buy Condition: If the closing price of a candle is higher than the opening price, initiate a buy trade.
   • Sell Condition: If the closing price of a candle is lower than the opening price, initiate a sell trade.
   • Hedge: Close all open trades at the opening of each new candle and open new trades in the direction of the new candle's opening.

3. Risk Management:

   • Take Profit: Set a target level for taking profit on each trade.
   • Stop Loss: Set a level for limiting losses on each trade.
   • Slippage: Define the maximum acceptable slippage for trade execution.

4. Trade Execution:

   • Automatic Execution: Execute trades automatically every one minute or five minutes, as specified.
   • Order Types: Allow both buy and sell orders to be executed based on market conditions.

5. Indicator Functionality:

   • Display: Optionally, display visual indicators on the chart to signal buy or sell conditions, as well as the current status of open trades.
   • Alerts: Optionally, provide alerts for trade executions, take profit hits, and stop loss hits.

6. Customization Options:

   • Hedge Ratio: Allow users to specify the ratio of units to hedge for each trade.
   • Timeframe: Allow users to choose between different timeframes for trade execution (e.g., one minute or five minutes).
   • Take Profit and Stop Loss Levels: Allow users to customize the take profit and stop loss levels according to their risk tolerance and trading strategy.

7. Compatibility:

   • Compatibility with MetaTrader 4 or 5 platform.

8. Testing and Optimization:

   • Backtesting: Provide functionality for backtesting the EA using historical data to assess its performance.
   • Optimization: Allow users to optimize parameters such as hedge ratio, take profit, stop loss, and trade interval to maximize profitability.

9. User Interface:

   • User-Friendly Interface: Provide a user-friendly interface for configuring the EA parameters and monitoring its performance.
   • Error Handling: Implement robust error handling to notify users of any issues or errors encountered during operation.

10. Documentation:

    • Provide comprehensive documentation explaining the usage, parameters, and functionality of the EA or indicator.