Job finished
Execution time 7 days
Specification
This EA is a typical Martingale Hedging EA.
It opens an order (for example: buy, 0.1 lot) and at the same time places a pending order in the opposite direction with a bigger lot size (for example: sell, 0.2 lot) at a certain distance (for example: 300 pips).
If the price descends 300 pips this second order will be activated. If the price keeps going down, at one point the first order (buy) will hit SL and the second order (sell) TP. As the second order has a larger lot size than the first order, the total outcome will be profit (or break even).
If the price does not hit TP and SL, and goes up again, then a new pending buy order will be activated at an even bigger lot size (0.3 lot). This process will go on until TP is hit and the hedge trading sequence closes.
- A new pending order will only be placed as soon as the last pending order is activated.
- A hedge trade sequence is closed by TP and NEVER only by SL.
- All the existing trades in a hedge trade sequence will match their TP and SL values according to the latest activated trade (this is important in case the distance between the trade changes - "DistanceTrade"
- Where this EA differs a bit from a standard Hedging EA one is that it has relatively little automatisation and a lot of manual input fields.
- The EA works independent from the time frame it operates in.
- The EA should work with 5 digit as well as 4 digit brokers.
Below I have attached a detailed job description and some files that explain the general principal of the martingale hedge trade.
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Project information
Budget
100+ USD
VAT (19%):
19
USD
Total:
119
USD
For the developer
90
USD