MT4 Expert Advisor

EA sittings

The EA utilises the concept of grid and hedging by creating a zone for recovering losing trades

It is a continues trading EA without any stop loss.

The EA initially aims to trade continually without the need to hedge.

The EA enter the first trade following the direction of the moving average (when price is above or below the moving average), and only hedge when, the trade goes against the trend and reach a recovering grid level, at this point, a hedge trade is entered and at the same time a grid of trade start to be built in order to recover the first trade.

Key point: At each grid level there is a matching buy and sell trade and grid trades can be built in any direction

As price continually to move further away from initial trend, positive trades are close and simultaneously new ones enter, and    grid of trade is built for losing trades using    lot multiplier/fixed lot until first trade is recovered, or hit equity limits

When price reverses and close all the grid trades, the non-hedge trade may start to build its own grids as price move away from the trend, and so on the cycle continue to be alternate with grid trading and hedging

Explanation of the parameter:

Gap size scaling means that, i can set to increase or decrease the gap size after a certain number of grids, this is part of risk management

Pruning trade work when the EA has open many grids trade, so in order to reduce risk, I can set the EA to averaging trade on the grid using   FIFO method to reduce the grid level, this happen when price retraces. Example, pruning at 5 means that after 5 grid level, the EA should start looking for price retracement to average using FIFO

I  believes the rest of the input are straight forward to understand, any question inbox me.

Please make sure you understand every aspect of the requirement before requesting to do the job to avoid waste of time.

All information should be display on the chart when trading.

thanks