Need Grid Hedge EA

MQL5 Experts Forex

Specification

                                         

                                     INPUTS

 

Trading Days              :  Daily, Monday, Tuesday ,Wednesday, Thursday, Friday.(Optional)

 

 Start Time                  :

 

End Time                    :  On/ Off

 

End Time                    :

 

Stop loss                    :

 

  Lot size                    :

 

    Take profit     : on / off

 

       Take profit  :

 

 Total take profit :  on / off

 

 Total take profit : 

 

  Stop Loss      :  200

 

Daily Trading Grid levels:  5

 

No of Loops             :  5

 

Equity Protection  : 80%

 

No trading Hours   : On/ Off

 

No trading Hours   :  00:00 to 00:00

 

EA  Name                :     (optional)

 

 


 

 

  Specification:

 

1. **Core Strategy:**  

   - Place simultaneous Buy/Sell orders at market price on start time.  

   - Grid progression: New Buy/Sell orders triggered at each SL hit (forward only).  

   - Single hedge order if the market reverses to previous SL levels.  

 

2. **Key Features:**  

   - Adjustable **Trading Days**, **Start/End Times**, and **No Trading Hours**.  

   - **Daily Trading Levels** (Grid Distance = SL points) & **No. of Loops** for order repetition.  

 

3. **Risk Management:**  

              Exit  condition:

    Auto-close all trades when , met any one of the below conditions

   #1 Once reached Given Trading levels (Grid levels)

   #2  If Once  reached  Total Take profit.

   #3 If  Once reached Equity protection percent.  

   #4 If  once reached End time.

 

 

Core Strategy:

Example:-

            buy 1.10510 , sell  1.10500 in market price at given start time, with stop loss of 200 points(if I put 200 in stop loss column Input). If market moved upside once reached 1.10700 onwards ,then our sell order met stop loss,then immediately place buy and sell orders at market price with given stop loss, if market moved further upside once reach 1.10900 onwards  then our sell order met stop loss,then immediately place buy and sell orders at market price with given stop loss .

 

If market get U Turn from 1.10700, to 1.10500 onwards then our buy order met stop loss ,then take sell order only in market price, not place buy order because we had existing buy order in same level( grid  level of 1.10510 aprx ), if market once moved 1.10300 down side onwards then buy order ( 1.10510  with sl of 1.10310 aprx ) met stop loss  ,then immediately place buy and sell (both order place ,due to forward  side) orders at market price .

 Daily trading levels means : one trading level = stoploss points(1 grid distance) , if I give  stoploss is 200 points , then the one level =200 points ,this is each Grid distance , if I place Daily  trading level is 4 , then trade upto 4 grid levels ,once 4th level position  met stoploss , then close all position and exit. (that means reached upto 800 (4*200) pts in high - low distance)

 If I put 5 in No of Loops column place then take orders upto 5 times only at around same place area ,same order direction (Order Repetition).

. If I given Total take profit 400 points , when ever once  reached the  total take profit 400 pts then close all and exit.

 

No trading hours  means don’t take new orders  between given from to time( see input), but previous existing order will continue..

Trading days means optionally , i.e. i given daily , then trade daily accordingly input conditions..

Optionally if  i choose  Monday , then start  trade Monday, and Trade until either  once Reached  Total take profit pts or Given Trading Levels once reached  in between week days, once done  close trade and exit all , and next new order will take next  Monday.

 

 

 

 

 

 


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