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Need an automated strategy coded. I have the .lua code for the system, just looking to convert to MT5

MQL5 Experts Forex Trading robot/indicator debugging Strategy optimization Statistics and mathematics Python

Job finished

Execution time 14 days
Feedback from employee
Most clear and nice person I had ever seen
Feedback from customer
He is a young talented boy who is passionate and eager to help. Calm and kind hearted man with good skills. I wish him success .Cheers

Specification

Simple Hedging Strategy 

  • To keep things simple, let's assume there is no spread. Open a position in any direction you like. Example: Buy 0.1 lots at 1.9830. A few seconds after placing your Buy order, place a Sell Stop order for 0.3 lots at 1.9800. 
  • Look at the Lots...
  • If the TP at 1.9860 is not reached, and the price goes down and reaches the SL or TP at 1.9770. Then, you have a profit of 30 pips because the Sell Stop had become an active Sell Order (Short) earlier in the move at 0.3 lots.
  • But if the TP and SL at 1.9770 are not reached and the price goes up again, you have to put a Buy Stop order in place at 1.9830 in anticipation of a rise. 
  • At the time the Sell Stop was reached and became an active order to Sell 0.3 lots , you have to immediately place a Buy Stop order for 0.6 lots at 1.9830
  • If the price goes up and hits the SL or TP at 1.9860, then you also have a profit of 30 pips!
  • If the price goes down again without reaching any TP, then continue anticipating with a Sell Stop order for 1.2 lots, then a Buy Stop order for 2.4 lots, etc... 
  • Continue this sequence until you make a profit. Lots: 0.1, 0.3, 0.6, 1.2, 2.4, 4.8, 9.6, 19.2 and 38.4.



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