BollingerATR HedgeMaster: A Profit-Boosting EA for EUR/USD Trading

Specification

This EA is designed for trading the EUR/USD currency pair on any timeframe using MetaTrader 5. The strategy involves the use of Bollinger Bands and Average True Range (ATR) indicators.

Buy Order:

  • If the candle touches the lower band of the Bollinger Bands, a buy order is placed.
  • The take profit level is set at the first ATR line above the order. You can specify the number of pips below the ATR line for the take profit level.

Sell Order:

  • If the candle touches the higher band of the Bollinger Bands, a sell order is placed.
  • The take profit level is set at the first ATR line below the order. You can specify the number of pips above the ATR line for the take profit level.

Hedging Style:

  • If a buy order is triggered, a sell order is placed with double or triple the volume of the buy order.
  • The sell order is placed at the first ATR line below the buy order. You can specify the number of pips below the ATR line for the sell order.
  • For the sell order, the take profit level is set at the first ATR line below that order.
  • The stop loss of the buy order is set at the same take profit level as the sell order.
  • This hedging strategy ensures that there is no loss but only profit when the sell order is triggered.

More Hedging:

  • If a buy order is triggered, then the price reaches the sell order and triggers it, and then the price reverses and goes down again, another buy order is placed.
  • The new buy order is placed at the same level as the first buy order and has the same volume as the sell order.
  • The same applies to the sell order.
  • This process continues as long as the orders keep getting triggered and the price keeps moving in the opposite direction.

By following this strategy, the EA aims to profit from price movements and uses hedging to mitigate potential losses.

Please contact me for more questions.

Responded

1
Developer 1
Rating
(481)
Projects
544
33%
Arbitration
27
41% / 44%
Overdue
8
1%
Busy
2
Developer 2
Rating
(10)
Projects
15
27%
Arbitration
3
67% / 33%
Overdue
0
Working
3
Developer 3
Rating
(11)
Projects
11
0%
Arbitration
4
25% / 50%
Overdue
2
18%
Free
4
Developer 4
Rating
(2440)
Projects
3075
66%
Arbitration
77
48% / 14%
Overdue
340
11%
Free
5
Developer 5
Rating
(62)
Projects
192
73%
Arbitration
4
100% / 0%
Overdue
1
1%
Working
6
Developer 6
Rating
(119)
Projects
169
38%
Arbitration
9
78% / 22%
Overdue
15
9%
Free
7
Developer 7
Rating
(379)
Projects
407
70%
Arbitration
3
100% / 0%
Overdue
2
0%
Loaded
8
Developer 8
Rating
(251)
Projects
400
54%
Arbitration
9
67% / 22%
Overdue
36
9%
Free
9
Developer 9
Rating
(37)
Projects
59
27%
Arbitration
25
20% / 52%
Overdue
10
17%
Working
10
Developer 10
Rating
(2)
Projects
5
0%
Arbitration
1
0% / 100%
Overdue
0
Working
11
Developer 11
Rating
(4)
Projects
6
0%
Arbitration
5
0% / 80%
Overdue
2
33%
Free
12
Developer 12
Rating
(266)
Projects
540
50%
Arbitration
55
40% / 36%
Overdue
224
41%
Working
13
Developer 13
Rating
(7)
Projects
6
0%
Arbitration
5
0% / 100%
Overdue
1
17%
Free
14
Developer 14
Rating
(10)
Projects
22
5%
Arbitration
1
0% / 0%
Overdue
7
32%
Free
15
Developer 15
Rating
Projects
0
0%
Arbitration
0
Overdue
0
Free
16
Developer 16
Rating
Projects
0
0%
Arbitration
1
0% / 0%
Overdue
0
Free
Similar orders
A green point should be added at the Low point of candlesticks in the oversold zone—it is the L point. If there is at least one L point between two H points, search for a LL point in the interval between two H points. The candlestick with the lowest Low price will be the LL point. Generally, the LL point is not necessarily an L point. Search for candlesticks with the lowest Low price. If there is at least one H point
Trading robots are programs, which operate according to underlying algorithms. An algorithm is a set of actions that need to be performed in response to certain events. For example, the most common task in algo trading is the identification of the "New bar" event. When the event occurs, the robot checks the emergence of trading signals and acts accordingly. Before you decide to program or order a trading robot, you
Hello, I am looking for developer who develops me a renko trading robo with following requirement Time :1 sec Box assignment method : Percentage change LTP Source : Close/OHLC Auto Break-even setup option after certain box Trialling Profit Pips after certain box profit with auto Sl set in PIPs Auto open reverse trade after hitting Sl with given conditions . It is very simple trading tool
At bot 30+ USD
Help me to trade create orders for me and analyze the markets and decide when is a good time to buy or sell. Determine which pairs are best to use to trade with and indicate trading signals to me
I currently have a Forex trading script in .txt format that I want to be converted to a functional/working robot (in .mq4), without altering the strategy of the script. The strategy of the script is already in and shouldn't be changed unless with mutual understanding
Fair Value Gap Scanner 30 - 100 USD
Hi, Greetings. Can somebody revert with an offer to code a FVG Scanner across Forex Pairs / Time Frame Selection / Alert please in order to support a Trading Strategy where entries are considered with the market direction confluence such as a Half Trend / Semafor Indicator. Look forward to hear back. Kind Regards. Anton
Hey greetings, It my pleasure to met you . I need a MT4 develop that can develop an EA based on alert . If you are a professional MT4 programmer you can kindly bid for this project and let proceed
I've use most of code from this script, add some more filter, and added different kind of moving avg instead of rsi input .. please check the source code .. . 70-80% is similar to it. Please check can you convert And are you familiar with backtest.py library? Oky. This library has ML approach to get the optimized backtest parameters right ? included for this but let me know what you think? can you install backtest.py
Project Description : I need an experienced programmer to convert the TradingView indicator "CURRENCY STRANGHT CHART by boitoki" into a MetaTrader 5 (MT5) format. The indicator should function identically to the original and be fully compatible for integration into an Expert Advisor (EA) on MT5. Requirements : Convert "TTD Middle Right Normal" from TradingView to a .mq5 file for MT5. Ensure all indicator features and
Project Description : I need an experienced programmer to convert the TradingView indicator "RSI BARS" into a MetaTrader 5 (MT5) format. The indicator should function identically to the original and be fully compatible for integration into an Expert Advisor (EA) on MT5. Requirements : Convert "TTD Middle Right Normal" from TradingView to a .mq5 file for MT5. Ensure all indicator features and visual signals are

Project information

Budget
30 - 80 USD
VAT (25%): 7.5 - 20 USD
Total: 37.5 - 100 USD
For the developer
27 - 72 USD
Deadline
from 1 to 10 day(s)