this set up gave 1000+ pips per months for the last 8 months......A simple Hedging EA needed......

[Deleted]  

Dear Experts,

I am looking for an EA for this breakout level trading. This EA had given 100+ pips constantly for the Last 8 months.

1. It counts last 4 hours high (buy entry) and Low (sell entry) in London or Asain session......

2. Sets the TP/SL as the spread of that High and Low ( 20 pips)

3. It commences with stair basis system......every time if buy TP is hit......all levels are advanced (then buy entry becomes the SL level)

4. and So on!

for example:

25 march EU/GU 205 pips http://i.imgur.com/dPigvbb.png

26 March......88 pips + 2 pending orders in EU and GU......! http://i.imgur.com/iXFrPnZ.png

27 march........ 118+ pips! EU and GU.... http://i.imgur.com/WB05DAC.png

28 march EU -36 pips, GU -78 pips, Gold 120 pips and AJ 60 pips......... http://i.imgur.com/g4K96E5.png

01 and 04 April GU 147 pips and EU 71 pips http://i.imgur.com/wVgXtE0.png

02.04.2013 and 03.04.2013....GOLD 600+ pips (EU equivalent pips) http://i.imgur.com/joeOBzi.png

03.04.2013 GU 38 pips and EU 21 pips...... http://i.imgur.com/TwmT3Uw.png

02.03.2013 AJ in Asian session 120 pips (30+90).... http://i.imgur.com/jaB4KpM.png


A simple can be too much helpful for this set up:

Conditions:

1. I will manually insert buy and sell point (say 1.2890 and 1.2790).....so, no need to read the lines from the chart.....just 2 box will be open.....buy entry and sell entry.

2. I will set the lot, TP and SL (in pips) and TSL (in pips)......so, whenever a buy/sell order is executed.....those will be applicable.

now come for the Hedge portion.......

3. When SL or TSL hits (most important..........!!!! SL of original entry or a TSL) for a particular antry, a reversed position (for a buy entry and SL/TSL..sell position will open at SL/TSL level)  will open with the same condition (same lot, TP,SL,TSL)....and it will hedge in this way.......within Hour time that may be fixed. (0 to 24 hours.......)

it's a best alternative to this  level breakout!

for countless pips I guess!

will it be possible?

pls?

Earnestly requesting ur help.

William Roeder
23733
William Roeder  
rakibhasan2020: will it be possible?

Since there are no slaves here, you have only three choices: Search for it, learn to code it, or pay someone. We're not going to code it FOR you. We are willing to HELP you when you post your attempt and the nature of your problem.
Tzvetan Jordanov
5242
Tzvetan Jordanov  
rakibhasan2020:

Dear Experts,

I am looking for an EA for this breakout level trading. This EA had given 100+ pips constantly for the Last 8 months.

1. It counts last 4 hours high (buy entry) and Low (sell entry) in London or Asain session......

2. Sets the TP/SL as the spread of that High and Low ( 20 pips)

3. It commences with stair basis system......every time if buy TP is hit......all levels are advanced (then buy entry becomes the SL level)

4. and So on!

for example:

25 march EU/GU 205 pips http://i.imgur.com/dPigvbb.png

26 March......88 pips + 2 pending orders in EU and GU......! http://i.imgur.com/iXFrPnZ.png

27 march........ 118+ pips! EU and GU.... http://i.imgur.com/WB05DAC.png

28 march EU -36 pips, GU -78 pips, Gold 120 pips and AJ 60 pips......... http://i.imgur.com/g4K96E5.png

01 and 04 April GU 147 pips and EU 71 pips http://i.imgur.com/wVgXtE0.png

02.04.2013 and 03.04.2013....GOLD 600+ pips (EU equivalent pips) http://i.imgur.com/joeOBzi.png

03.04.2013 GU 38 pips and EU 21 pips...... http://i.imgur.com/TwmT3Uw.png

02.03.2013 AJ in Asian session 120 pips (30+90).... http://i.imgur.com/jaB4KpM.png


A simple can be too much helpful for this set up:

Conditions:

1. I will manually insert buy and sell point (say 1.2890 and 1.2790).....so, no need to read the lines from the chart.....just 2 box will be open.....buy entry and sell entry.

2. I will set the lot, TP and SL (in pips) and TSL (in pips)......so, whenever a buy/sell order is executed.....those will be applicable.

now come for the Hedge portion.......

3. When SL or TSL hits (most important..........!!!! SL of original entry or a TSL) for a particular antry, a reversed position (for a buy entry and SL/TSL..sell position will open at SL/TSL level) will open with the same condition (same lot, TP,SL,TSL)....and it will hedge in this way.......within Hour time that may be fixed. (0 to 24 hours.......)

it's a best alternative to this level breakout!

for countless pips I guess!

will it be possible?

pls?

Earnestly requesting ur help.



I could code an EA for your trading system, if I understand how it works.

Point 1. and 2 are clear I think.

Let me try to explain what I understand.

1.The EA has to get the higher high and the lower low for the last 4 hours.

2. Let say the price hits the higher high and we enter the market with a Buy order which has SL = 20 pips and TP = 20 pips. Correct ?

From here we have 2 ways:

a) TP is hit and what we do next ? We open a new order on this point which is Sell order with the same SL and TP = 20 pips. Correct ?

b) SL is hit and what we do next ? We open a new order on this point which is Buy order with the same SL and TP = 20 pips. Correct ?

I just cannot understand what is happening after the TP or the SL is hit ...

You are talking about hedging the positions and trail stop but I simply cannot get it.