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Specification
Hi,
I need Hedging EA to develop based on Sure Fire Strategy ( If you don't know, please google it or we will discuss later)
1. Just for simple explanation,assume there is no spread. Take position with any direction you like. Example: Buy 0.1 lots at 1.9830. At the same time or a few seconds after placing Buy, put Sell Stop 0.3 lots at 1.9800. Look at the Lots.
2. 2. If the TP at 1.9860 is not reached, and the price goes down and reaches the SL or TP at 1.9770. Then, wehave a profit of 30 pips because the Sell Stop had become an active Sell Order (Short) earlier in the move at 0.3 lots.
3.
3. But if TP and SL at 1.9770
are not reached and the price goes up again, we have to have a Buy Stop
in place at 1.9830 in anticipation. At the time Sell Stop was
reached and became active Sell 0.3
lot , you have to immediately
place a Buy Stop of 0.6
lots at 1.9830
4. If the price goes down again without reaching any TP, then continue anticipating
with
Sell Stop of 1.2 lots, then Buy 2.4 lot…and next. Continue this sequence until we meet the profit. Lots: 0.1, 0.3, 0.6, 1.2, 2.4, 4.8, 9.6, 19.2, 38.4 and 76.8. ( These value will be manually added in EA)
5. With this example we will use 30; 60; 30 configuration (TP 30 pips, SL 60 pips and
Hedging Distant 30 pips). Otherwise, we try 15; 30; 15, 60; 120; 60. Also
we can try to maximize profits by testing 30; 60; 15 or 60; 120; 30 configurations.( These value / parameters will be manually added in EA)
Thanks