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Modification EA Donchian (hedge and calculation)

MQL4 Indicators Experts

Job finished

Execution time 5 days
Feedback from employee
Thank you, very good customer, patient and honest.
Feedback from customer
Good developer, willing to think along with you, stays committed when the job is more complicated than expected

Specification

I have an existing simple EA that trades like this.

See screenshot.


I want 2 changes on it:


1)

*Hedge curves

Imagine Buys are open in curve A. 1 If price crosses Donchian Middle line downwards, I want all open Buy trades to be hedged with one Sell trade. So, if 12 Buys open of 0.01 lot: 1 Sell trade of 0.12 lot

2)

*New variable: AvTP lot foundation to correct hedged trades (points):

Imagine the hedge brings a (locked) loss. Imagine -€4 euro.

From the settings: TP in € is €1

Now AvTP lot foundation to correct the hedged trades I fill in 110 points


So the question is:

If you know:

-the locked loss (example -€4)

-the TP target in € (example €1)

-the desired points move (example 110 points)

Can you calculate the lotsize you need to reach (locked loss 4 + TP € target 1) = €5 when the price moves 110 points



Read Please:

 when you react also give me an idea how you want to solve the calculation question.

Plain text ‘I can do it’ applications will be rejected.


Files:

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Project information

Budget
30+ USD
Deadline
from 1 to 2 day(s)