FIFO and Hedging Problem Solver

[rippin]

FIFO and hedging rules make many EA's unworkable.  For hedging, what might work is a tool, copier maybe, to redirect trades to separate accounts for longs and shorts.

In addition, for FIFO, trades could be netted out using a weighted average algorithm which would make convert a series of trades into a single trade.

Or, when as trades close, they could be closed with a similar method.....I'm not really sure.  I have a feeling this would get down to broker fees.

But maybe really smart people have already thought about this or those same people could offer up some ideas along these lines.

[Yip Sin Hang]

rippin:

FIFO and hedging rules make many EA's unworkable.  For hedging, what might work is a tool, copier maybe, to redirect trades to separate accounts for longs and shorts.

In addition, for FIFO, trades could be netted out using a weighted average algorithm which would make convert a series of trades into a single trade.

Or, when as trades close, they could be closed with a similar method.....I'm not really sure.  I have a feeling this would get down to broker fees.

But maybe really smart people have already thought about this or those same people could offer up some ideas along these lines.

I am also studying FIFO. Hope someone pro can share their experience:)

[Sergey Golubev]

There are some information which may be useful to know:

FIFO rules: post #5
FIFO thread: https://www.mql5.com/en/forum/355248
FIFO status script: #21

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[William Roeder]

rippin: FIFO and hedging rules make many EA's unworkable.

Code it properly
          OrderModify changing all open orders reguardless of ticket# - MQL4 programming forum #1.2 (2020)