A Hedging EA to Guard the equity

Hello everybody! I´d like an expert advisor for mt4 and mt5 that protects from the drawdown of certain positions to surpass a determined amount.

I imagine that the user defined parameters should only be three.

1) Magic Number to monitor

2) Maximum Amount of Drawdown

3) Magic number of the positions opened by this EA

The EA will monitor the open positions of another EA based on the magic number of such positions as indicated by the user.

If the maximum amount in dollars (also indicated by the user) of the open monitored positions is reached or surpassed, the EA will open a hedging position to cap the drawdown of the monitored positions, and keeping it from increasing.

If other positions are opened with the monitored magic number, while the maximum amount of drawdown is still maintained, the EA will open more hedging positions for those new orders if needed, in order to keep the drawdown of the monitored magic number from growing.

If the drawdown of the monitored positions falls under the maximum amount, the EA will close the hedging positions, and allow the logic of the other EA to continue. If the positions with the monitored magic number are closed, the EA will close the hedging positions immediately.

It is important to be able to identify the hedging positions opened by this EA by allowing the user to specify a magic number for them.

This EA is merely a hedger EA to protect the equity. It´s not intended to make money, just guard the account.

Thanks!