Commissioning strategy-based hedging EA

MQL4 Experts

Job finished

Execution time 1 day
Feedback from customer
Very attentive to detail. Practical and extremely fast. Very satisfied. Looking forward to working with him again!
Feedback from employee
Excellent customer!

Specification

Initial version requested:

1. Open 1 equal sized trade (0.01 initially. Adjustable) in both directions simultaneously.

2. Set 3 pip (adjustable) hard stop for both trades.  In future versions, I expect to refine this parameter further, potentially using indicators to help decisions regarding moving SL or adding to the trade size in the "winning" direction.

3. All trades must include 3 pip trailing stops (adjustable) as well.

4. When a trade hits its break-even + 1 pip (adjustable), the EA closes the opposing trade and the trade size increases for the side that hit break even by entering a new 0.01 lot (adjustable) in the same direction. Further revision likely!

5. Every time a new trade triggers, the EA should repeat step 1, opening 1 simultaneous trade to sell, 1 simultaneous trade to buy @ 0.01 lot (adjustable separately).

6. When a trade reaches its break-even + 1 pip (adjustable), SL moves to that breakeven.

7. If the "winning" trade trade continues in the the "winning" direction this process continue infinitely, until the trade hits either the trailing stop or a hard stop. The process may reverse in the opposite direction, then.

Open to suggestions. This may lead to further work, if promising!

Source Code required.

Thank you!


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