Hedge EA

Hi there,

Feel free to ask me questions!!

-Basic Settings-

Magic number

Slippage

-Trading Filters-

First Position [long/short/long_short/no new cycles] – no new cycles means that once we have no positions, we wont open a new positions.

Max spread [points]

Volatility Ratio [True/ False]   100 * ATR(Fast Period) / ATR(Slow Period);
ATR Fast Period - period of the fast ATR. The recommended value is 3...5
ATR Slow Period - period of the slow ATR. The recommended value is 20...30.
TimeFrame [M15,M30,HR1,HR4,D]
Signal Level - signal level in the form of a horizontal line. The recommended value is 70...100.

-Trading hours-

Start [23:30]

End [21:50]

Stop Trading Friday [12:00]

-Entry Rules- (not complicated, works with one rule only, or candle or MA)

Current Candle [FALSE,HR1,HR4,D] – down/red candle short, up/green candle long. FALSE = IGNORE

Moving Average [True/False] – price below = short, price above = long

TimeFrame [Current/M1,M5,M15,M30,HR1,HR4,D]

Period [21]

Shift [0]

MA Method [Simple,Expo…etc]

Apply to [Close,Open,High,etc]

-Trading Rules-

Fix Lot Size – first position

StopLoss [points, 0= false]

TakeProfit [points]

Hidden SL and TP [true/false]
Size Logic [Incremental/Multiplier] – Incremental – we add the initial lot size all the time so 0.01,0.02,0,03,0.04 ; 0.15,0.3,0.45,0.6….
Multiplier [X]

Distance [points] where we open the next hedge

BreakEven Level – [5] – from this level, we do not wait for Takeprofit, all we want is getting breakeven (including commission) and close all trades.

Max Lot size

Logic:  please read it carefully. The logic is super simple and contains a few rules.

We Open a new position all the time, according to the entry rules. We are not trading if we met the restrictions of the trading filters, and trading hours.

We will hedge from the second level and keep on going. Positions to be opened on the same level during the cycle. So, no matter how many positions we have, we will have 2 prices- one for buy and one for sell.
TAKEPROFIT = will be used for the last position we opened. So if current level is BUY, then we will look for the price to going up from the last price we opened.

Example-

First entry – 0.01 with a multiplier of 2.

Entry  = BUY.

Distance = 100

TakeProfit = 200

Level 1: BUY, 0.01, price: 1780 – we close the cycle when price = 1782 according to our TP.

IF NOT TP = Level 2: Price fell to 1779 (distance=100)  – we open SELL 0.02 (multiplier) – we close the cycle when price = 1777 (TP=200)

IF NOT TP = Level 3: Price is moving up now, once it climbs to 1780 again, we open a new position, BUY, 0.04. – we close the cycle when price = 1782.

IF NOT TP = Level 4: Price is moving down now, once it fell to 1779 again, we open a new position, SELL, 0.08 – we close the cycle when price = 1777.

IF NOT TP= Level 5: Price is moving up now, once if climbs to 1780 again, we open a new position, BUY 0.16 . IF THE BREAKEVEN LEVEL=5, then all we want is to close ASAP, when our P/L = 0 including COMMISSION!!

…..

 EA must work on the strategy tester.

Bugs: Please do your initial QA in order to provide a good enough version.

Thanks