Freelance service at MQL5.com: Hedge Logic (If you agree with the price and can do it, we can start working today!!!! )

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Specification

If you agree with the price and can do it, we can start working today!!!!

Hedge LOGIC:

1. I want to modify my existing EA that use Bollinger band to work with this logic

2. My stop loss is usually set at 1000 pips and hedge entry at 500 pips

3. If “a buy trade” opens and the price goes up to take profit hedge should not work.

3. If “a sell trade” opens and the price goes down to take profit hedge should not work.

4. If “a buy trade” opens and the price goes down instead of going up, but the price level < 500 pips from the open buy, to the extent that the price retraces back to take profit, hedge should not work.

5. If “a sell trade” opens and the price goes up instead of going down, but the price level < 500 pips from the origin, to the extent that the price retraces to back to take profit, hedge should not work.

6. If “a buy trade” opens and the price goes down instead of going up, but the price level = > 500 pips, the hedge should initiate logic, so that it helps to make profit or reduce the loss

9. If “a sell trade” opens and the price goes up instead of going down, but the price level = > 500 pips from the origin, the hedge should initiate logic, so that it helps to make profit or reduce the loss

Logic 1. If the Bollinger band opens Sell, but the price goes up or increased to a distance of 500 pips. The hedge will open both Sell (S1) and Buy (B1) at the same time. Sell(S1) at hedge= (1*Lot* Distance), and Buy (B1) at hedge= (2*Lot*Distance).

Logic 1.1. If after opening the hedge in logic 1 i.e. (Sell (S1) at hedge= 1*Lot* Distance), and the price rises and keeps rising, and reaches 0.5*lot*distance i.e. 0.5 of B1, then open new Buy (B2) again from B1. The Buy (S2) will now be (2*Lot*0.5*distance).

Logic 1.2. If after opening the hedge in logic 1 i.e. (Buy (B1) at hedge = 2*Lot* Distance), and the price falls, this will make the Buy (B1) becomes a loss. So if the price continues to fall and reaches 0.5*lot*distance i.e. 0.5 of B1, then open new Sell (S2) again from S1. The sell (S2) will now be (4*Lot*0.5*distance). I believe this well help to reduce the loss if it occurs.

Note that when hedge opens S2, it does not close S1 and when B2 opens it does not close B1. The S1 and S2 will stop at the take profit, while B1 and B2 ends at stop loss

Logic 2. If the Bollinger band opens Buy, but the price goes down or decreased to a distance of 500 pips. The hedge will open both Sell (Si) and Buy (Bi) at the same time. Sell(Si) at hedge= (2*Lot* Distance), and Buy (Bi) at hedge= (1*Lot*Distance).

Logic 2.1. If after opening the hedge in logic 2 i.e. (Buy (Bi) at hedge= 1*Lot* Distance), and the price falls and keeps falling and reaches 0.5*lot*distance, i.e. 0.5 of (Si) then open new Sell (Sii) again. The Sell (Sii) will now be (2*Lot*0.5*distance).

Logic 2.2. If after the hedge in logic 2 i.e. (Sell (Si) at hedge= 2*Lot* Distance), and the price rises, this will make the Sell (Si) becomes a loss. So if the price continues to rise and reaches 0.5*lot*distance, i.e. 0.5 of (Bi) then open new Buy (Bii) again. The Buy (Bii) will now be (4*Lot*0.5*distance). I believe this well help to reduce the loss if it occurs.

Note that when hedge opens Sii, it does not close Si and when Bii opens , it does not close Bi. The Bi and Bii will stop at the take profit, while Si and Sii ends at stop loss

Note after all this, the lot size must return back to the original i.e. Lot = 1.0

If you agree with the price and can do it, we can start working today!!!!

Thanks

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10 - 12 USD

For the developer

9 - 10.8 USD

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from 1 to 2 day(s)

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