Expert3

I will place a trade manually. EA will place take profit at Xpips. If the TP is hit, EA will close the trade and immediately opens one more trade in the same direction as the previous trade, with TP at Xpips as well. If the TP was not reached and market moved Ypips against my trade, EA will automatically open a hedging trade to the opposite direction as the first trade. The hedging trade is Ztimes in lot size as the first trade (Like a martingale system). If the total profit and loss of both trades reached at break-even, EA closes both trades at the same time. Then it should continue placing trades in the new direction with same xpips TP.

But if the market reverses again against the second trade by Xpips, EA will place a third trade to the opposite direction as the second trade. The lot size of the third trade let’s a say a long, will be determined by this formula:

            Third trade lot size= (Total lot size of short trades)*1.5-(Lot size of the first trade)

In other word the new trades will increase the total lot sizes 1.5 times greater to the new direction, towards their own direction.

The EA should also generate sound alert when it has hedged any trade.

Inputs:

1)      Take profit in pips at the initial trade that was places manually.

2)      Trailing stop in pips at the initial trade that was placed manually.

3)      The ratio of total trades in one direction to total trades at the other direction. In the picture it is set at 1.5 times.

4)      The distance between trades up and down in pips.

5)      Comment and magic number