EA Hedge Backup Trade

MQL4 Experts Forex

Job finished

Execution time 4 minutes
Feedback from employee
Great and professional customer, thanks for describing instructions with all details.
Feedback from customer
Absolutely perfect work, exactly as we wanted and described. We never met a developer who tests the EA himself before he delivers it! Thank you for taking your work so seriously.

Specification

the ea should perform the following action:


the current market price is 1.2200

open buy trade at x market price (can be selected in the settings) (example = 1.2210)


First example if market price goes up:


market price rises to = 1.2210

buy trade x lot opens (in the example at = 1.2210)

market price rises to = 1.2220

stoploss is set to = 1.2211 (1 pip above opening price / x pip can be selected in the settings)

No TP, the trade always closes at the stoploss mark and opens 1 pip above the closed trade

(in the example the buy trade opens again at = 1.2212


Second example if the market price goes down:


The buy trade immediately loses.

then the buy trade is closed immediately with a 1 pip loss

buy trade opens at = 1.2210

the market price goes short = 1.2209

the buy trade closes immediately


A new virtual pending order is set above market price, same price as last order = 1,2210

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Project information

Budget
150+ USD
Deadline
from 1 to 3 day(s)