Hedging EA

MQL4 Uzman Danışmanlar

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Tamamlanma süresi: 5 gün

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hi there I have an ea that I needed coded, it uses a martingale system.

it will work as following:

when the D1 8 exponential Moving average is above the 21 exponential moving average and stochastics cross below 20 on the 5m timeframe it will open a buy position.

take profit will be set at x pips

if the position goes against you by x pips the ea will open a position in the opposite direction, if it carries on going against you by x pips it will open another position if it keeps going against you by x pips it will open another position, it will carry on doing this until the 1st trade in the given direction hits x pips and all trades will close. each additional position that is added to the hedge will increase by x lots

example, D1 8 ema is above 21ema, 5m stochastics cross below 20 1st trade is placed long, the trade goes against you by x pips and a sell position is opened. the trade carries on going against the long position and another sell is opened with an increased lot size and so on until the 1st sell position hits x pips and all trades are closed. 


sell settings will be D1 8ema is below 21ema and stochastics on 5m go above 80 

ill be able to give a more detailed description once work is accepted

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