I need an EA that will set a Hedge Pending Order instead of a Stop Loo

MQL4 Experts

Job finished

Execution time 7 days
Feedback from employee
thank a lot for good customer, and my new friend
Feedback from customer
He is very patient. Good job done.

Specification

The idea of the EA is to set a Hedge Pending order instead of a Stop Loss.

For example if I enter GBPUSD for Buy and I am willing to risk say 50 pips, instead of setting my Stop Loss to 

50 pips, the EA should set a Sell Stop Order (the Hedge position) at that point.


Also, the EA should have the ability to trail and lock in my profits just as the regular Trail stop does, but this time,

instead of moving the Stop Loss, in our case, it should be moving the Hedge Position. The trailing of the Hedge order

should have the Initial number of pips required to start trailing, and then the subsequent number of pips the trailing 

should be following. For example, if a enter a Buy position, when I am in profit of 10 pips, then move the Pending

Hedge order up to lock in 5 pips. subsequently, for each 50 pips progression, move up the Pending Hedge Order to 

lock in the profit.


Should the Pending Hedge Order be activated, and the market moves and hits the Pending Hedge Order's Stop Loss 

(the Pending Hedge Order shall have its own stop loss), then the EA should automatically set another Pending Hedge

Order at the point where the Pending Hedge Order was first set.


thank you


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Project information

Budget
50 - 100 USD