Freelance service at MQL5.com: Hedging EA

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Description

Specification

Need a simple hedging EA which will do money management after the first trade is entered when the EA is Placed on the chart.

1) EA Must Place a trade as soon as attached to the chart. Input fields will must be there to select a buy or a sell trade as a first trade.

lets say first trade is a buy trade placed at 0.1 lots SL=200 TP=150

2) 2nd trade must be placed by EA when first trade reaches -50 pips loss (or at whatever pip value we tell the EA to do it at in the input field, Named as "ZONE") ,

In an opposite direction, with the same SL and TP as the first trade, but with a different lot size (lets say 0.14)

( options must be there to instruct the EA to place the second trade with a specified lot size in the input fields)

** during the procedure if any of the trades are hit by SL or TP, all open trades must be closed at that time,

no trades are to be closed before SL or TP is hit. ( If the SL or TP are hit, EA will not place any more trades until

removed from the chart and placed back again to start a new cycle of trades).

3) if no SL or TP is hit and the trade goes up to the price where we placed our first trade, the EA must place another buy trade

with a lot size of 0.1 (whatever lot size is specified for the third trade in the input fields) and with a similar stop loss and TP values.

4) if the trade comes down again and our two buy trades are in -50 pips loss each, (total -100 pips loss) the EA must place another

sell trade at this point, with a lot size as instructed for the fourth trade and with Similar SL and TP.

** SL and TP will stay the same for all the trades entered, we can have only one field for SL and TP to instruct EA

to use this for every trade.

** but for the lot size, we might have to have many fields to tell EA what lot size to use for 1st,2nd, 3rd, 4th...13th trade

respectively.

** every trade entered will be in the opposite direction of the last trade placed.

5) if the trade goes up again and hits the starting point of our very first trade entered, It should place another buy trade,

with a lot size of as specified in the input fields for the fifth trade with the same SL and TP.

** Remember if any of the SL or TP are hit, all open trades must be closed.

6) I need fields to specify lot sizes for up to 15 trades placed altogether. and the procedure will keep on going until the max trades

value is hit, at which point EA will not place any trades and wait for the SL or TP to be hit, and at that point, all open trades will be closed.

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Project information

Budget

10 - 20 USD

Deadline

from 2 to 10 day(s)

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