Freelance service at MQL5.com: Hedging EA with partial profits and loss

Job finished

Execution time 9 days

Feedback from customer

Great EA. Very unprofessional. Project extended 2x. Requested more cash for underestimating workload after negotiation. Did not read job card before accepting. Late and double-booked meetings

Description

Specification

This hedging system requires a simple step rule to open and close trades.

First trade is opened manually by the trader, the EA will control everything after this step.

Each trade has a simple command system

: #1 Trade will open a new position at X amount of points in profit ( buy will open a new buy)

: #2 Trade will break even after opening a new trade and trail with X amount of points (trailing stop should only move once a new trade is activated) each trade steps its trailing stop one section at a time

: #3 This will continue along with the trend until a reversal (this is where a hedge will form)

: #4 If a trade runs X amount of points in the loss it will open a new opposite position - Hedge ( buy will open a sell) If in a trend and several trades have been running and trailing profits, the reversal will trigger opposite position and all accumulated profits will be closed. At this point, you should have banked a few profitable positions and will now have 1 buy and 1 sell position on the chart with a space of X amount of points in a locked loss.

: #5 Trade will breakeven after opening a new opposite position

This will allow a sequence to form and should run simply

Partial loss and profit closures

: #1 If the sequence is hedged and there are two opposite trades locked in a loss the EA will wait for either position to run into the profit and open a new trade.

: #2 In this case there is no trailing stop because the sequence is hedged, so once either position is x amount of points in the profit and the positive trade opens a new order (buy will open buy) Then the EA will close the first positive trade, take these profits - keep a share of the profits and give the rest back to the losing trade to reduce the outstanding lot size

: #3 The losing trade will keep taking partial losses as the new trades start to take profit

: #4 This sequence usually completes itself after 4 wining trades and would have assisted the losing trade in reducing its loss

: #5 In the mean time for every positive position closed, a portion will be banked so the account balance will increase and the losing trade will be reduced slowly and systematically without taking a major loss on the account balance

Example

Buy at price 1000 for 1 lot

Buy at price 1100 for 1 lot (first buy breaks even)

Buy at price 1200 for 1 lot (Second buy breaks even - first buy places SL at price 1100)

Buy at price 1300 for 1 lot (Third buy breaks even - First and second buy places SL at price 1200) - Trend reverses back to 1200, now EA places a hedge at previous mark price 1200

Sell at price 1200 for 1 lot (Third buy breaks even, Second buy takes 100 points profit, first buy takes 200 points profit - Forth buy at price 1300 in now 100 points in the loss

So now the account is up 300 points in total and we are running a 100 point losing hedge

Price continues to fall to price 1100.

Sell position at 1200 is now in the profit of 100 points. - Buy position at 1300 is now in the loss of 200 points.

EA will now remove sell position at 1200 and take $100 profit - keep only $20 and give $80 back the buy position running a $200 loss. Now the loss is reduced to $120

This partial close will be closed as a LOT portion = We bought 1 lot at price 1300 we reduce the loss by 0.20 = Remaining loss is now 0.80

Another positive trade will reduce this loss even further and this will continue on until the trade is totally reduced and closed.

If price reverses again and continues higher, the remaining loss on the buy position will breakeven and be replaced by a new buy of 1 lot

Responded

Rating

(22)

Projects

10%

Arbitration

25% / 75%

Overdue

Free

Rating

(259)

Projects

324

30%

Arbitration

26% / 65%

Overdue

Working

Rating

(443)

Projects

570

37%

Arbitration

106

39% / 33%

Overdue

Free

Rating

(107)

Projects

175

25%

Arbitration

13% / 78%

Overdue

Free

Similar orders

I own the premium Forex/trading domain SignalsForex.com and I am looking for a person who can help find a serious buyer. The domain is suitable for: Forex signals services Trading education projects Broker affiliate websites Forex lead generation Trading communities Telegram/Discord signal brands Financial marketing projects Target sale price: $7,500+ Commission: 10% of the final sale price after the deal is

I need a simple bot for opening range. Simple Entry / Exit rules, to be able to customize the timeframe, time zone (entry candle) and other normal settings like size, etc

Free link free land free land free land free land free free land free land free things free land free land free land free land free land free land free land free Finch I will do it

Platform: MT5 (MQL5) OVERVIEW: I need a custom MT5 indicator that generates only high-probability A+ buy and sell signals. The indicator should combine market structure, support/resistance, liquidity sweeps, candlestick confirmations, session filtering, and Fibonacci retracement logic. FEATURES REQUIRED: SUPPORT & RESISTANCE Automatically detect and draw support and resistance levels. Levels should update

Title Professional AI Automation Trading Bot for Forex & Crypto Solution Language Python (preferred) or MQL5 depending on integration requirements. Categories Expert Advisor (EA) for MetaTrader 5 Automated trading strategies AI/ML-based signal generation Risk management automation Required Skills Strong knowledge of MQL5/Python Experience with MetaTrader API integration Machine learning model deployment

i want a developer to build me a robot according to mt style i want an engine which is going to trade gold with small accounts, i want it to be perfect or any developer who has that existing robot we can negoiate the price

Hi, I am looking for an experienced MQL5 developer to modify an existing, fully functional MetaTrader 5 Expert Advisor (Source code .mq5 Version 2.62 will be provided). Brief Overview of the EA: It executes trades based on 4 custom Supply/Demand levels (R1, R2, S1, S2) which are inputted manually . It uses two custom indicators for confirmation: SPA (Price Action filter) and AMG (Volume/Momentum filter). The code

Description: I am looking for an experienced MQL5 developer to build a fully automated Expert Advisor (EA) for MT5 tailored for Prop Firm challenges and funded accounts. I need a robust, plug-and-play solution with rigorous risk controls. Key Requirements: Platform: MT5 Trading Logic: I am looking for a reliable strategy based either on a Breakout Strategy (e.g., London session breakout) or a Mean Reversion Strategy

I would like a trend and pullback strategy for the robot timeframe:15 minutes(m15) or 1 hour(h1) indicators:50 EMA (Exponential Moving Average)/200 EMA/RSI (14) BUY SET UP 1.Confirm The Trend .50 EMA must be above 200 EMA .Price must be above both EMAs 2.Wait for a pullback .Do not buy when the price shoots up. .Wait for the price to come back near the 50 EMA 3.Confirm entry .ENTER BUY WHEN: .A bullish candlestick

//+------------------------------------------------------------------+ //| Simple XAUUSD EA | //+------------------------------------------------------------------+ input double LotSize = 0.01; input int StopLoss = 500; // in points input int TakeProfit = 1000; // in points input int MAPeriod = 20; int maHandle; int OnInit() { maHandle = iMA(_Symbol, PERIOD_H1, MAPeriod, 0, MODE_SMA

Project information

Budget

30 - 50 USD

Deadline

from 1 to 10 day(s)

Compliance with specification		2.0
Efficiency in resolving issues		4.0
Availability and communication skills		1.0

Specification quality
Result check quality
Availability and communication skills