BUILDING AN EA, HEDGING STRATEGY
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Hello everybody. I am trying to build an EA using Hedging Strategy. I just thinking that it will works eventhough it will give a small profit but still it is a profit.
I want to use moving averages like 5 and 21.
If the 5MA crosses above 21MA, it will execute a Buy Position. OR if the 5MA crosses below the 21MA, it will execute a Sell Position using a lotsize of 0.01
The target will be to have a profit of 2.50.
if the target >= profit, automatically close the Open Position (1 open trade).
if the target < the profit, let the Open Position run but if the MA Crosses, just execute Buy/Sell Position using the first lotsize x 2 or 0.02.
if the target is >= profit, automatically close all the Open Position (2 open trades).
if the target < profit, let the 2 open position run but if the MA crosses, just execute another Buy/Sell Position using the first lotsize x 4 or 0.04.
if the target >= profit, close all the open positions (3 open trades)
if the target < profit, just let the open positions run but if the MA crosses, just execute Buy/Sell Poisition using lotzise x 8 or 0.08.
if the target >= profit, close all the open positions (4 open trades)
and so on...
Anyway, I am here in the Philippines and Hedging is allowed by my broker.
As of now, I only have this and i feel to difficult to complete my EA. I beg someone to help me to complete my EA. As of now, my EA Opens Buy/Sell Positions without target and Close and also the hedging part. I hope someone will help me to build my EA. God Bless you all.
extern double Lot = 0.01;
extern double Target = 0.50;
int Magic = 030381;
extern int FastMA = 5;
int FastMAShift = 0, FastMAMethod = 0, FastMAApplied = 0;
extern int SlowMA = 21;
int SlowMAShift = 0, SlowMAMethod = 0, SlowMAApplied = 0;
double PreviousFast, CurrentFast, PreviousSlow, CurrentSlow;
int OnInit()
{
return(0);
}
//----------------------------------------------------------------------------------------
// expert deinitialization function
//----------------------------------------------------------------------------------------
int deinit()
{
return(0);
}
//----------------------------------------------------------------------------------------
// expert start function
//----------------------------------------------------------------------------------------
int start()
{
if (IsNewCandle()) CheckMA();
return(0);
}
//------------------------------
bool IsNewCandle()
{
if (Bars == BarsOnChart)
return (false);
BarsOnChart=Bars;
return(true);
}
//------------------------------------------------------------------------------------------
// indicators
//------------------------------------------------------------------------------------------
void CheckMA()
{
PreviousFast = iMA(NULL, 0, FastMA, FastMAShift, FastMAMethod, FastMAApplied,2);
CurrentFast = iMA(NULL, 0, FastMA, FastMAShift, FastMAMethod, FastMAApplied,1);
PreviousSlow = iMA(NULL, 0, SlowMA, SlowMAShift, SlowMAMethod, SlowMAApplied,2);
CurrentSlow = iMA(NULL, 0, SlowMA, SlowMAShift, SlowMAMethod, SlowMAApplied,1);
if (PreviousFast < PreviousSlow && CurrentFast > CurrentSlow)OpenOrder(0);
if (PreviousFast > PreviousSlow && CurrentFast < CurrentSlow)OpenOrder(1);
}
//------------------------------------------------------------------------------------------
// to open trade positions
//------------------------------------------------------------------------------------------
int OpenOrder(int direction)
{
if (direction==0)
OrderSend (Symbol(), OP_BUY, Lot*1, Ask, 3, 0, 0, NULL, Magic, 0, Blue);
if (direction==1)
OrderSend (Symbol(), OP_SELL, Lot*1, Bid, 3, 0, 0, NULL, Magic, 0, Red);
return(0);
}
Hi !
You could find help all across the forum. This thread initiated by myself may help you in some points :
https://www.mql5.com/en/forum/227775
Courage ! It's not easy to manage these kind of strategies !
- 2018.02.16
- www.mql5.com
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Hello everybody. I am trying to build an EA using Hedging Strategy. I just thinking that it will works eventhough it will give a small profit but still it is a profit.
I want to use moving averages like 5 and 21.
If the 5MA crosses above 21MA, it will execute a Buy Position. OR if the 5MA crosses below the 21MA, it will execute a Sell Position using a lotsize of 0.01
The target will be to have a profit of 2.50.
if the target >= profit, automatically close the Open Position (1 open trade).
if the target < the profit, let the Open Position run but if the MA Crosses, just execute Buy/Sell Position using the first lotsize x 2 or 0.02.
if the target is >= profit, automatically close all the Open Position (2 open trades).
if the target < profit, let the 2 open position run but if the MA crosses, just execute another Buy/Sell Position using the first lotsize x 4 or 0.04.
if the target >= profit, close all the open positions (3 open trades)
if the target < profit, just let the open positions run but if the MA crosses, just execute Buy/Sell Poisition using lotzise x 8 or 0.08.
if the target >= profit, close all the open positions (4 open trades)
and so on...
Anyway, I am here in the Philippines and Hedging is allowed by my broker.
As of now, I only have this and i feel to difficult to complete my EA. I beg someone to help me to complete my EA. As of now, my EA Opens Buy/Sell Positions without target and Close and also the hedging part. I hope someone will help me to build my EA. God Bless you all..