NEED EA for hedging trades

MQL4 Experts

Trabalho concluído

Tempo de execução 36 dias

Termos de Referência

 

Required user input:

1)      CRITERIA X: Can select Percentage move (for example 1%), PIPS, or value;

2)      Orders: can be entered as 2,3, 4, 5 or multiple of orders for example 2. User must be able to select option;

3)      EA must make profit on at least one trade before closing off if Buy and sell are equal.

 

The EA

4)      User opens buy and/or sell orders.

5)      Once entered and price moves based on criteria X in opposite direction (loss position) the EA enters automatically enters an order based on price less criteria X. For example If buy order entered at 10,000 and criteria is 1% and ORDER is 2,3,4 the EA automatically enters sell 2 orders at 9900 (10,000 – 1%of 10,000).

6)      If it goes down to 9801 (9900 – (9900*1%)) open new sell orders of 3 and close the 2 * sell order above (in step 4) at profit. The original position is kept open thus positions are:

Long 1 position

Sell order 3;

7)      If it goes down to 9801 (9900 – (9900*1%)) open new sell orders of 3 and close the 4 * sell order above (in step 4) at profit. The original position is kept open thus positions are:

Long 1 position

Sell order 3;

8)      If price moves in other direction a new buy order * 1 is entered when the loss from buy order is less than sell order:

@ approx. 9855

Buy order loss = (9855-10000)*1= (145)

Sell order loss = (9801-9855)*3 =   (162)

9)      If it goes up  to past 9855 plus criteria X then buy order is closed at profit and new buy order of *2 is entered.

10)   This keeps occurring until the losses from buy and sell orders are matched and therefore cleared.

 


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