Simple Hedge BTCUSD

BULL1 HEDGE BTC

Make a code for trading in MT5. 

Name the code BULL1

Intention is to use primarily on BTCUSD (that’s why the points numbers are so high)

When RSI level is 42 or below place the following orders;

One buy limit order at market price minus 6000 points at lot size 0.1 with take profit 5000 points

One buy limit order at market price minus 8000 points at lot size 0.1 with take profit 5000 points

One buy limit order at market price minus 10000 points at lot size 0.1 with take profit 5000 points

One Sell stop order at market price minus 50000 points at lot size 0.5 with take profit 5000 points and stop loss 2000 points.

Cooldown period 60 seconds

When Sell stop order hits take profit then close all buy limit positions.

Restart the EA every 60 minutes, state the reason in the log as TIME60

Maximum open and pending trades together can not exceed 20