Have you had any inquiry's about this EA? Seems pretty dry here.
Perhaps you should visit the Hedge EA thread.
Doug
I believe I developed a rough EA based on Mike's algorithm and sent it to him. Since then, about 2-3 weeks, I haven't heard anything from him, good or bad. I hope he is doing well. Or was it a different Michael?

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I need the help of a coder since I have no clue of MQL.
I would just need a simple EA which could be used for carry trades:
- It should buy or sell a predefined volume of a predefined currencypair after the opening of a new bar (will be used on daily charts).
- After opening the new position, it should check if there are open positions with a predefined gain (in pips) and close these.
- Opening of positions shall be continued until a defined total volume of open positions exists (e.g. 5 Lots).
- this defined maximum of open lots shall be kept (orders closed in profit will be renewed on the opening of the next bar)
- the EA should check the open positions and set a hedge-order at a predefined drawdown-point (drawdown in absolute predefined equity)
Could any of the users of this forum be of assistance? Or direct me to a professional MQL-coder which will be paid to program that kind of EA.
many thx in advance
Michael