Zone Recovery hedging expert

MQL4 エキスパート

指定

i need an expert adviser to implement the concept of zone recovery hedging (like in picture)

 Image result for zone recovery

 

with the following rules:

1-     Time Frame All – Currency pairs any

2-     Broker (5 Digit) all Calculation will be done using 4 digits (Ignore 5th digit or it will equal to 0)

3-     Buttons for : a) Buy b) Sell c) Close All (at any time even if the TP/SL  is not hit) (i.e. trade will close either by TP/SL or by Close all button)

4-     Recovery Zone Gap = Manual

5-     TP Multiplier = Manual

6-     SL Multiplier = Manual

7-     Nos. of trades = Manual (1  to 15)

8-     Lot Sizes from 2nd – 15 = Manual

9-     Spread = manual

10-  First Trade = Manual

 

11-  If First Trade = Buy then take profit = price + (Gap Zone x TP Multiplier-Spread) = Auto

12-  If First Trade = Buy then Stop Loss = Price – (Gap Zone x SL Multiplier + Spread) = Auto

Then

13-  Expert Advisor will Automatically put Sell Stop order as follows

14-  Sell Stop (Price) = Buy Price – Gap Zone

15-  Sell Stop (TP) = Buy Price – (Gap Zone x Stop Loss Multiplier)

16-  Sell Stop (SL) = Buy Price +  (Gap Zone x Take Profit Multiplier)

 

And so on whenever the price didn't reach take profit sell stop will be triggered and the system will put another pending buy stop order according to predefined Lot size defined earlier…etc.

 

Example

Buy

Eur/Usd Spread = 3

Gap Zone = 30

Take Profit Multiplier = 2

Stop loss Multiplier = 3

 

Buy Current Price = 1.0650

TP = 1.0650 + (Gap Zone x 2 = 60) - (Spread = 3)= 1.0707

SL= 1.0650 – (Gap Zone x 3 = 90) + (Spread = 3) = 1.0557

 

Pending Sell Stop

Sell stop (Price) = Buy Price (1.0650) – Gap Zone (30) = 1.0620

Sell Stop (TP) = Buy Price (1.0650) – (Gap Zone (30) x Stop Loss Multiplier (3) = 90

 = 1.0560

Sell Stop (SL) = Buy Price (1.0650) + (Gap Zone (30) x Take Profit Multiplier (2)=60

 = 1.0710

 


 

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